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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM U-57
NOTIFICATION OF FOREIGN UTILITY HOLDING COMPANY STATUS
FILED UNDER SECTION 33(a) OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935, AS AMENDED
JIES HEAT AND POWER LTD.
(NAME OF FOREIGN UTILITY COMPANY)
IES INDUSTRIES INC.
(NAME OF FILING COMPANY, IF FILED ON BEHALF OF A FOREIGN UTILITY COMPANY)
Item 1
The name of the entity claiming foreign utility company status will be
JIES Heat and Power Ltd. ("JIES"). JIES's business address will be Yun he Xiao
Tu, Wai Juan Road, Jiaxing City, Zhejiang Province, People's Republic of China.
JIES has been incorporated in China as a limited liability company and will be
a joint venture of IES Singapore Pte Ltd. ("IES Singapore") and Jiaxing Heat &
Power Plant ("JHPP"). IES Singapore and JHPP will each be a 50% owner in the
joint venture. IES Singapore, a Singapore company, will be a wholly-owned
subsidiary of IES International Inc., a U.S. company. JHPP is incorporated in
China.
On November 18, 1996, IES Industries Inc. contributed capital to JIES'
account in China and JHPP contributed its assets in the existing operations of
a seven-year old co-generation plant consisting of one coal-fired 36 megawatt
generator. The plant supplies electricity and steam to the local municipal
government, which in turn, sells and distributes the steam and power to various
customers. Other than the co-generation plant, JIES will neither own nor
operate any other facilities used for the generation, transmission or
distribution of electric energy for sale or the distribution at retail of
natural gas or manufactured gas. JIES has not yet transferred ownership to IES
Singapore, the intended joint owner with JHPP, but will do so in the near
future.
Item 2
IES Utilities Inc., is a domestic associated public utility company, as
defined under section 2(a) of the Public Utility Holding Company Act of 1935
("PUHCA"), of JIES. IES Utilities Inc., is a wholly-owned subsidiary of IES
Industries Inc. IES Singapore, one of the 50% owners of JIES, and IES
International Inc., the parent company of IES Singapore, will be wholly owned,
directly or indirectly, by IES Industries Inc.
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IES Utilities Inc., has no direct relationship with or any interest in
JIES. IES Utilities Inc. has not and will not contribute capital, assets or
other resources to the joint venture.
EXHIBIT A
The certification of the Iowa Utilities Board, dated August 15, 1996,
required under section 33(a)(2) of the 1935 Act is attached hereto. A copy of
this Notification of Foreign Utility Holding Company Status is also being filed
with the Iowa Utilities Board.
SIGNATURE
The undersigned company has duly caused this statement to be signed on
its behalf by the undersigned thereunto duly authorized.
IES INDUSTRIES INC.
By:
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Mr. Peter W. Dietrich
Vice President, Corporate Development
Date:
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