CSW ENERGY INC
U-57, 1997-02-11
Previous: CSW ENERGY INC, 35-CERT, 1997-02-11
Next: LECHTERS INC, SC 13G, 1997-02-11



<PAGE>


                       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






© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission