FORM U-7D
CERTIFICATE PURSUANT TO RULE 7(d)
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
Initial Filing
The undersigned certify that this certificate accurately summarizes, as
required in the instructions hereto, the information requested as to the lease
identified herein and the transactions for the financing thereof.
1. Lessee public-utility company:1
(1A) Maatschappij Voor Intercommunale Gasdistributie "Intergas" N.V.
Warandelaan 2
4900 AA Oosterhout (NB)
The Netherlands
(1B) Maatschappij Voor Intercommunale Gasdistributie "Intergas" N.V.
Warandelaan 2
4900 AA Oosterhout (NB)
The Netherlands
(2) N.V. Energiebedrijf Zuid-Kennemerland Netwerk
Herenweg 115
2105 MG Heemstede
The Netherlands
(3) N.V. Gasbedrijf Noord-Oost Friesland
Birdaarderstraatweg 82
9101 PK Dokkum
The Netherlands
(4) Nutsbedrijf Amstelland N.V.
Van Heuven Goedhartlaan 15
1181 LE Amstelveen
The Netherlands
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1 This Form U-7D reports on five related lease transactions.
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2. Date: All leases were entered into on November 19, 1999.
2a. Expected date facility will be placed in service:
All facilities were in service on November 19, 1999.
3. Regulatory authority which has acted on transactions:
The leased facilities are all located in the Netherlands. Netherlands
regulatory authorities have not acted on the transaction. See General
Electric Capital Corp., SEC No-Action Letter, (Jan. 11, 1996) and General
Electric Capital Corp., SEC No-Action Letter, (June 21, 1996).
4. Initial term of lease:
All leases have an initial term of 99 years.
4a. Renewal options:
All leases may be renewed for an additional term of 99 years.
5. Brief description of facility:
(1A) Natural gas distribution facilities located in the following
Netherlands municipalities:
Aalburg Halderberge Steenbergen
Alphen-Chaam Heusden Hilvarenbeek Tilburg
Barrie-Nassau Made Waalwijk
Berda Oosterhout Werkendam
Dongen Olsterwik Woensdrecht
Geerruidenberg Roosendaal Woudrichem
Haaren Rucphen Zvenbergen
<PAGE>
(1B) Natural gas distribution facilities located in the following
Netherlands municipalities:
Aalburg Halderberge Steenbergen
Alphen-Chaam Heusden Hilvarenbeek Tilburg
Barrie-Nassau Made Waalwijk
Berda Oosterhout Werkendam
Dongen Olsterwik Woensdrecht
Geerruidenberg Roosendaal Woudrichem
Haaren Rucphen Zvenbergen
(2) Natural gas distribution facilities located in the following
Netherlands municipalities:
Heemstede Aerdenhout Haarlemmerlledeen
Bennebrock Bentveld Spaarnwoude
Vogelenzang Bloemendaal Spaardam
Zandvoort Overeen Halfweg
(3) Natural gas distribution facilities located in the following
Netherlands municipalities:
Achtkarspelen Dongeradeel Schiermonnikoog
Ameland (island) Ferwerderadeel Tytsjerksteradiel
Dantumadeel Kollumerland c.a.
(4) Natural gas distribution facilities located in the following
Netherlands municipalities:
Aalsmeer Dulvendrecht Ulthoorn
Amstelveen Ouderkerk Ouder-Amstel
6. Manufacturer or supplier: Not applicable
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7. Cost of facility: (U.S. $)
(1A) 174,883,000
(1B) 71,462,700
(2) 61,478,900
(3) 99,359,900
(4) 118,515,300
8. Basic Payments: (U.S. $)
(1A) 260,779,291
(1B) 103,926,635
(2) 68,187,962
(3) 151,679,375
(4) 168,165,605
8a. Periodic Installment: (U.S. $, paid annually)
(1A) Year 1 8,179,117
Years 2-9 9,437,443
Year 10 28,312,330
Year 11 10,345,744
Year 12-23 11,534,420
Year 24 29,517
Year 25 0
(1B) Year 1 3,396,127
Years 2-9 3,918,609
Year 10 11,755,826
Year 11 4,731,105
Years 12-22 4,789,314
Year 23 12,256
Year 24 0
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(2) Year 1 2,571,881
Years 2-3 2,940,656
Year 4 3,914,886
Year 5 1,966,425
Year 6 3,135,038
Year 7 2,940,656
Year 8 7,086,649
Year 9 5,394,716
Year 10 1,337,523
Year 11 5,850,601
Years 12-18 3,594,062
Year 19 2,940,656
Year 20 9,187
Year 21 0
(3) Year 1 4,757,293
Years 2-9 5,489,184
Year 10 14,374,812
Year 11 8,110,226
Years 12-23 6,708,867
Year 24 17,168
Year 25 0
(4) Year 1 5,274,369
Years 2-9 6,085,811
Year 10 18,257,432
Year 11 6,671,535
Years 12-23 7,438,063
Year 24 19,034
Year 25 0
9. Holder of legal title to facility:
(1A) Dutch Gas II Business Trust (1999 -1A)
(1B) Dutch Gas II Business Trust (1999 -1B)
(2) Dutch Gas II Business Trust (1999 -2)
(3) Dutch Gas II Business Trust (1999 -3)
(4) Dutch Gas II Business Trust (1999 -4)
c/o Wilmington Trust Company
Rodney Square North
1100 North Market Street
Wilmington, DE 19890-0001
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10. Holder of beneficial interest:
Name and address Amount Invested Percent of Equity
(U.S. $)
PCI Netherlands Corporation
Investment Corporation
1801 K Street, N.W.
Suite 900
Washington, D.C. 20006-1301 (1A) 25,227,300 14.43
PCI Netherlands Corporation
1801 K Street, N.W.
Suite 900
Washington, D.C. 20006-1301 (1B) 9,979,300 13.96
PCI Holdings, Inc.
1801 K Street, N.W.
Suite 900
Washington, D.C. 20006-1301 (2) 9,438,300 15.35
PCI Netherlands Corporation
1801 K Street, N.W.
Suite 900
Washington, D.C. 20006-1301 (3) 13,669,500 13.76
PCI Netherlands Corporation
1801 K Street, N.W.
Suite 900
Washington, D.C. 20006-1301 (4) 18,230,800 15.38
11. If part or all of the financing is supplied by loan on which only principal
and interest is payable, state:
Amount borrowed: (U.S. $)
(1A) 149,655,700
(1B) 61,483,400
(2) 52,040,600
(3) 85,690,400
(4) 100,284,500
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Interest rate: 7.454% annually, 7.32% semi-annually
Number of lenders: 2
Terms of repayment:
Period: Paid annually on January 2nd of each year, starting on
January 2, 2000.
Interest Payment Amounts: (U.S. $)
<TABLE>
<CAPTION>
Year 1(A) 1(B) 2 3 4
<S> <C> <C> <C> <C> <C>
2000 1,332,435 547,407 463,335 762,930 892,867
2001 11,254,589 4,623,749 3,913,620 644,193 7,541,716
2002 11,483,833 4,715,255 4,013,633 6,569,934 7,710,723
2003 11,636,370 4,774,637 4,093,612 6,650,493 7,831,844
2004 11,800,278 4,838,445 4,179,553 6,737,056 7,961,992
2005 11,976,402 4,907,009 4,199,281 6,830,072 8,101,842
2006 12,165,655 4,980,684 4,365,717 6,930,021 8,252,116
2007 12,369,015 5,059,851 4,457,452 7,037,421 8,413,592
2008 12,587,533 5,144,919 4,570,513 7,152,825 8,587,103
2009 12,822,339 5,236,327 4,382,961 7,276,833 8,773,549
2010 13,074,648 5,334,549 4,307,545 7,410,083 8,973,892
2011 11,938,838 4,855,910 4,528,930 6,890,935 8,281,901
2012 12,057,586 4,865,213 4,430,413 6,800,050 8,401,936
2013 12,096,583 4,870,871 4,492,754 6,806,847 8,473,783
2014 12,138,486 4,876,950 4,559,742 6,814,150 8,550,985
2015 12,183,513 4,883,482 4,631,724 6,821,998 8,633,942
2016 12,231,896 4,890,502 4,709,070 6,830,430 8,723,082
2017 12,283,886 4,898,044 4,792,183 6,839,492 8,816,867
2018 12,339,751 4,906,149 4,881,490 6,849,228 8,921,792
2019 12,399,780 4,914,858 4,977,454 6,859,691 9,032,388
2020 12,464,283 4,924,216 5,129,276 6,870,933 9,151,229
2021 12,533,595 4,934,271 5,510,926 6,883,013 9,278,927
2022 12,608,073 4,945,076 0 6,895,994 9,416,145
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2023 12,688,102 4,956,687 0 6,909,943 9,563,590
2024 12,774,097 5,325,242 0 6,924,931 9,722,026
2025 13,724,073 0 0 7,439,832 10,445,283
</TABLE>
SIGNATURES
Dated: December 17, 1999
/s/ Rosemary Pantano
-------------------------
Rosemary Pantano
Corporate Trust Administrator
Wilmington Trust Company, not in its
individual capacity, but solely as Trustee
Dated: December 17, 1999
/s/ Leslie Zimberg
-------------------------
Leslie Zimberg
Vice President and Deputy General Counsel
Potomac Capital Investment Corporation
