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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
EMPRESA DE ELETRICIDADE VALE PARANAPANEMA S.A.
(name of foreign utility company)
CSW INTERNATIONAL, INC.
(Name of filing company, if filed on behalf of a foreign utility company)
Notification
CSW International, Inc., a Delaware corporation ("CSWI"), acting
on behalf of Empresa de Eletricidade Vale Paranapanema S.A., a
corporation organized under the laws of Brazil ("Vale"), hereby
notifies the Securities and Exchange Commission (the "Commission")
that pursuant to Section 33 of the Public Utility Holding Company Act
of 1935, as amended (the "Act"), and Rule 57 of the implementing
regulations thereunder, 17 C.F.R. Section 250.57, Vale is, and on
behalf of such company claims status for such company as, a "foreign
utility company" as defined in Section 33(a)(3) of the Act.
Item 1. Name of entity on whose behalf foreign utility company
status is claimed, its business address, and a
description of the facilities used for the generation,
transmission and distribution of electric energy for
sale or for the distribution at retail of natural or
manufactured gas. Identity of each person that holds
five percent (5%) or more of any class of voting
securities of the foreign utility company and
description of the amount and nature of the interest.
The name and address of the entity claiming foreign utility
company status is as follows:
Empresa de Eletricidade Vale Paranapanema S.A.
Avenida Paulista, No. 2439, 5th Floor
Sao Paulo, Sao Paulo
Brazil
Vale is a Brazilian distribution utility company which also owns
a controlling interest in five other electric distribution companies
that, together with Vale, serve approximately 572,000 customers. Vale
itself has an approximately 4,544 square mile service area in the
state of Sao Paulo with about 109,000 customers. Vale estimates its
annual sales to be approximately 579 GWh. As currently configured,
Vale self-generates approximately one megawatt of electricity and has
a peak load of 131 MW. Consumers serviced by Vale are as follows: 35
percent residential; 21 percent industrial; 12 percent commercial; and
32% other than above.
Vale's plant facilities use hydropower generation and include 2.9
kM of transmission lines and a distribution network of 238 kM.
Vale has issued and outstanding three classes of capital shares,
including 94,106,692 shares of common stock, 7,783,213 shares of
Series "A" preferred stock, and 9,942,929 shares of Series "B"
preferred stock. Of the foregoing, only the common stock shares of
Vale are voting securities. As of the date hereof, the following
individuals and entities had holdings of five percent (5%) or more of
a class of Vale's outstanding voting shares: (i) Jose Giorgi Junior,
an individual, holds 6,737,201 shares (7.16%) of the common stock of
Vale; (ii) Lina Giorgi Leuzzi, an individual, holds 4,897,191 shares
(5.20%) of the common stock of Vale; (iii) Maristella de Goes Artigas
Giorgi - Espolio, an individual, holds 5,615,427 shares (5.97%) of the
common stock of Vale; (iv) CSW Vale L.L.C., a Cayman Islands limited
liability company, holds 15,196,093 shares (16.15%) of the common
stock of Vale; and (v) Denerge - Desenvolvimento Energetico S.A., a
Brazilian company, holds 57,185,744 shares (60.75%) of Vale's common
stock.
Share Ownership by CSWI
CSWI owns 100% of the capital stock of CSW International, Inc., a
Cayman Islands Company ("CSWI Cayman"). CSWI Cayman owns approximately
99% of the capital stock of CSW Vale L.L.C., a Cayman Islands limited
liability company ("CSW Vale"), and CSWI owns the remaining
approximately 1% of the capital stock of CSW Vale. Therefore, as of
the date hereof, CSWI owned indirectly, through the Vale shares held
by CSW Vale, 15,196,093 shares (16.15%) of Vale's common stock and
9,942,929 shares (100%) of Vale's Series "B" preferred stock.
Item 2: Name of any domestic associate public-utility company
and, if applicable, its holding company, and a
description of the relationship between the foreign
utility company and such company, and the purchase
price paid by any such domestic associate public-
utility company for its interest in the foreign utility
company.
The following companies are domestic associate public utility
companies of CSWI: Central Power and Light Company, Public Service
Company of Oklahoma, Southwestern Electric Power Company, and West
Texas Utilities Company. None of the foregoing domestic associate
public utility companies has made an investment in or has a
contractual relationship with Vale, and no such investment or
contractual relationship is contemplated.
CSWI and all of the domestic associate public utility companies
described above are wholly-owned by Central and South West Corporation
("CSW"), a registered holding company under the Act.
Exhibit A: State certifications required under Section
33(a)(2) of the Act.
Because CSWI's ultimate parent, CSW, is a registered holding
company, state certifications under Section 33(a)(2) are not required.
SIGNATURE
The undersigned company has duly caused this statement to be
signed on its behalf by the undersigned thereunto duly authorized.
CSW INTERNATIONAL, INC.
By: /s/TERRY D. DENNIS
Name: TERRY D. DENNIS
Title: President
Date: February 11, 1997