Post-Effective
Amendment No. 10 to
SEC File No. 70-7828
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-1
APPLICATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 ("Act")
ENERGY INITIATIVES, INC. ("EI")
One Upper Pond Road
Parsippany, New Jersey 07054
(Name of company filing this statement and address
of principal executive office)
GENERAL PUBLIC UTILITIES CORPORATION ("GPU")
(Name of top registered holding company parent of applicant)
D. W. Myers, Vice President Douglas E. Davidson, Esq.
and Treasurer Berlack, Israels &
Liberman
M. A. Nalewako, Secretary 120 West 45th Street
GPU Service Corporation New York, New York 10036
100 Interpace Parkway
Parsippany, New Jersey 07054
B. L. Levy, President
K. A. Tomblin, Secretary
Energy Initiatives, Inc.
One Upper Pond Road
Parsippany, New Jersey 07054
(Names and addresses of agents for service)
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EI post-effectively amends its Application on Form U-
1, docketed in SEC File No. 70-7828, as heretofore amended, as
follows:
A. By amending paragraph F(4) of Post-Effective
Amendment No. 3 thereto, as heretofore amended, to read in its
entirety as follows:
(4) As mentioned previously, the FMA Agreement
between Cogen Partnership and Fuel Partnership
requires, among other things, that Fuel Partnership
arrange for the sale and transportation of natural gas
which Cogen Partnership is required to purchase from
its gas suppliers but is not then using. Profits
earned on these sales up to $1.5 million would be
applied to fund a reserve account maintained by Cogen
Partnership to offset any future layoff sales losses.
One-half of any profits exceeding that amount would be
retained by Cogen Partnership and deposited, along with
other Project revenues, in Cogen Partnership's Revenue
Account as required by the Project's financing
agreement. Funds in the Revenue Account are applied to
pay Project expenses such as operation and maintenance
expenses, and may be distributed to partners generally
only after all Project expenses have been paid and
reserves funded as required by the Project's financing
agreement. The remaining one-half of any profits from
the layoff sales in excess of the $1.5 million reserve
would be paid to Fuel Partnership as compensation for
its services. Consequently, profits from any layoff
sales will not affect the obligation of the partners in
Cogen Partnership to make their required equity
contributions to Cogen Partnership when Phase II enters
service.
1
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SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY
HOLDING COMPANY ACT OF 1935, THE UNDERSIGNED COMPANY HAS DULY
CAUSED THIS STATEMENT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED THEREUNTO DULY AUTHORIZED.
ENERGY INITIATIVES, INC.
By:______________________________
B. L. Levy, President
Date: February 10, 1994
