SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
AMENDMENT NO. 1 TO
FORM U-57
NOTIFICATION OF FOREIGN UTILITY COMPANY STATUS
Filed under Section 33(a) of the
Public Utility Holding Company Act of 1935, as amended
(the "1935 Act")
Ave Fenix Energia S.A.
(Name of foreign utility company)
Charter Oak Energy, Inc.
(Name of filing company,
if filed on behalf of a
foreign utility company)
The Commission is request to mail copies
of all communications to:
Eugene G. Vertefeuille
Charter Oak Energy, Inc.
P.O. Box 270
Hartford, CT 06141-0270
ITEM 1
A. Name and Business Address
Ave Fenix Energia S.A.
Av. Leandro N. Alen 1110
1001 Buenos Aires, Aregentina
B. Description of Facilities
Ave Fenix Energia S.A. ("Ave Fenix") is a company
organized under the laws of Argentina for the sole purpose of
owning and operating the Ave Fenix Facility (the "Facility").
The Facility is a 168 MW simple cycle natural gas combustion
turbine and associated electrical and natural gas
interconnection equipment located in Tucuman Province,
Argentina. The Facility will interconnect with the national
transmission grid at a substation located on the adjacent
parcel of land.
Ave Fenix does not derive any income from the generation,
transmission or distribution of electric energy for sale, or
the distribution at retail of natural or manufactured gas for
heat, light or power, within the United States.
C. To the Extent Known, Holders of Five Percent or
More of Any Class of Voting Securities of Ave Fenix
Charter Oak Energy, Inc., a Connecticut corporation and a
wholly owned subsidiary of Northeast Utilities, a registered
holding company, through its wholly owned subsidiary, COE Ave
Fenix Corporation, currently owns approximately 96% of the
issued and outstanding common stock of Ave Fenix. COE Ave
Fenix Corporation has entered into a contract to sell shares
of common stock of Ave Fenix, following which it will own
approximately 83% of the issued and outstanding common stock
of Ave Fenix. Neither Ave Fenix nor Charter Oak Energy, Inc.,
or any subsidiary company of any of the foregoing is a public
utility company operating in the United States.
New Cypress, Inc., a Delaware corporation and a
wholly owned subsidiary of Stewart & Stevenson Services, Inc.,
a Texas corporation, has entered into a contract to purchase
approximately 13% of the issued and outstanding common stock
of Ave Fenix. Neither New Cypress, Inc. nor Stewart &
Stevenson Services, Inc., nor any subsidiary company of any of
the foregoing, is a public utility company operating in the
United States
The common stock is the only class of voting securities
of Ave Fenix.
ITEM 2
A. Domestic Associate Public-Utility Companies of Ave Fenix
Ave Fenix will be an associate public-utility company of
the domestic public utility subsidiaries of Northeast
Utilities. These domestic public utilities are: The
Connecticut Light and Power Co., Public Service Company of New
Hampshire, Western Massachusetts Electric Company, Holyoke
Water Power Col, Holyoke Power and Electric Co., North
Atlantic Energy Corporation, Connecticut Yankee Atomic Power
Company, Yankee Atomic Electric Company, Maine Yankee Atomic
Electric Power Company, and Vermont Yankee Nuclear Power
Corporation.
None of these associate domestic public utility companies
has a direct relationship with Ave Fenix and none of these
domestic public utility companies made any direct contribution
toward the purchase price of the interest in Ave Fenix, nor
will any contribute funds toward the development or operation
of the Facility.
EXHIBIT A
Not Applicable
Signature
The undersigned company has duly caused this
Amendment No. 1 to this statement on Form U-57 to be signed on
its behalf by the undersigned thereunto duly authorized.
/s/ William S. Lamb
By: William S. Lamb
LeBoeuf, Lamb, Greene &
MacRae, L.L.P.
A Partnership Including
Professional Corporations
125 West 55th Street
New York, NY 10019
Attorney for Charter Oak
Energy, Inc.
Date: January 16, 1997
