SEC File No. 70-7942
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
CERTIFICATE PURSUANT TO
RULE 24
OF PARTIAL COMPLETION OF
TRANSACTIONS
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
GENERAL PUBLIC UTILITIES CORPORATION ("GPU")
GENERAL PORTFOLIOS CORPORATION ("GPC")
ENERGY INITIATIVES, INC. ("EI")
GEDDES COGENERATION CORPORATION ("GEDDES")
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________________________________
:
In the Matter of :
:
GENERAL PUBLIC UTILITIES CORPORATION, : Certificate Pursuant
GENERAL PORTFOLIOS CORPORATION, : to Rule 24 of Partial
ENERGY INITIATIVES, INC., and : Completion of
GEDDES COGENERATION CORPORATION : Transactions
:
SEC File No. 70-7942 :
(Public Utility Holding Company Act :
of 1935) :
________________________________________:
TO THE MEMBERS OF THE SECURITIES AND EXCHANGE COMMISSION:
The undersigned General Public Utilities Corporation
("GPU"), General Portfolios Corporation ("GPC"), Energy
Initiatives, Inc. ("EI"), Geddes Cogeneration Corporation
("Geddes") and Onondaga Cogeneration Limited Partnership
("Onondaga Partnership") hereby certify, pursuant to Rule 24 of
the General Rules and Regulations under the Public Utility
Holding Company Act of 1935 (the "Act") that certain of the
transactions proposed in the Application on Form U-1, as amended
(the "Application"), filed in SEC File No. 70-7942 have been
carried out in accordance with the terms and conditions of, and
for the purposes requested in, said Application and pursuant to
the Commission's Order dated June 12, 1992 with respect to said
Application as follows:
1. During the period October 1, 1993 through December
31, 1993 GPU made cash capital contributions to GPC in the
aggregate amount of $9,400,000, and GPC, in turn, made cash
1
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capital contributions to EI in the aggregate amount of
$11,500,000, EI, in turn, made cash capital contributions to Geddes
in the aggregate amount of $13,500,000.
2. On December 17, 1993, Geddes made its basic equity
contribution to the Onondaga Partnership in the amount of
$13,500,000. In addition, to further secure payment of project
construction costs, as required by the project Financing
Agreement, Geddes and GPU increased from $8,500,000 to $9,000,000
the irrevocable letter of credit issued by the Chase Manhattan
Bank, N.A. for the benefit of the project Lenders.
2
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SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY HOLDING
COMPANY ACT OF 1935, THE UNDERSIGNED COMPANIES HAVE CAUSED THIS
STATEMENT TO BE SIGNED ON THEIR BEHALF BY THE UNDERSIGNED
THEREUNTO DULY AUTHORIZED.
GENERAL PUBLIC UTILITIES CORPORATION
GENERAL PORTFOLIOS CORPORATION
By:________________________________
Don W. Myers, Vice President
and Treasurer
ENERGY INITIATIVES, INC.
By:_________________________
B. L. Levy, President
Dated: March 14, 1994
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