Post-Effective Amendment No. 8 to
SEC File No. 70-7727
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-1
APPLICATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 ("Act")
GENERAL PUBLIC UTILITIES CORPORATION ("GPU")
100 Interpace Parkway
Parsippany, New Jersey 07054
GENERAL PORTFOLIOS CORPORATION ("GPC")
Mellon Bank Center
Tenth and Market Streets
Wilmington, Delaware 19801
ENERGY INITIATIVES, INC. ("EI")
One Upper Pond Road
Parsippany, New Jersey 07054
(Names of companies filing this statement and address
of principal executive offices)
GENERAL PUBLIC UTILITIES CORPORATION
(Name of top registered holding company parent of applicant)
Don 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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GPU, GPC and EI hereby post-effectively amend their
Application on Form U-1, docketed in SEC File No. 70-7727, as
follows:
A. By adding the following sentence to the end of
paragraph B of Post-Effective Amendment No. 6 thereof:
Neither GPU nor EI will acquire an indirect
ownership interest in a foreign utility company, except
as may be permitted by Commission rule, regulation or
further Commission order authorizing the same.
B. By adding the following to the end of paragraph G,
as heretofore amended, of Post-Effective Amendment No. 6 thereof:
(6) EI may perform O&M Services and related
project management and administrative services as
managing general partner or the operator of QFs, EWGs
or FUCOs which are "associate companies" of EI under
the Act at fair market prices, in the following
circumstances:
(a) The project is an EWG (a "Foreign EWG")
or FUCO and derives no part of its income,
directly or indirectly, from the generation,
transmission or distribution of electric
energy for sale within the United States; or
(b) the project is either (I) a non-Foreign
EWG which sells its output at market-based
rates approved by the Federal Energy Regula-
tory Commission or the appropriate state rate
regulatory commission, or (II) a QF, as
determined by the FERC, which sells its net
output to the purchasing utility at the
utility's "avoided cost"--i.e. the purchasing
utility's rates are not determined on the
basis of the project's cost of service.
Applicants request that pursuant to the last
sentence of Section 13(b) of the Act, the Commission
exempt the foregoing transactions from the cost
requirement of Section 13(b) as under such
circumstances, it is not necessary or appropriate for
the protection of investors or consumers that such
services be provided at cost. See In re New England
Electric Systems, HCAR No. 22309 (1981).
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(7) Except as provided above, EI will perform
O&M Services for QFs and non-Foreign EWGs which are
associate companies of EI at not more than EI's cost of
service as provided by Rule 91 except and to the extent
the Commission may otherwise permit by rule, regulation
or order. EI's cost of service is derived from work
orders, labor time actually incurred, materials and
supplies and the like.
(8) Applicants request that the Commission
reserve jurisdiction with respect to the request set
forth in paragraph 6(b) above pending completion of the
record herein.
C. By amending the first sentence of paragraph I of
Post-Effective Amendment No. 6 thereof to read in its entirety as
follows:
I. Sections 6(a), 7, 9(a), 10, 12(b) and
13(b) of the Act and Rule 45 thereunder are
applicable to the transactions proposed herein.
D. By adding the following to the end of paragraph I
of Post-Effective Amendment No. 6 thereof:
The following reporting requirements shall apply
in lieu of all other reporting requirements under the
Act applicable to EI:
(1) On an annual basis beginning with the year
ended December 31, 1994, EI will file an Annual Report
with the Commission not later than May 1 of the
following year in substantially the form of Form U-13-
60 under the Act; and
(2) EI will report in Certificates Pursuant to
Rule 24 under the Act not later than 45 days following
the end of each calendar quarter (beginning with the
calendar quarter ended June 30, 1994), but where
necessary or appropriate pursuant to a request for
confidential treatment under Rule 104(b):
(i) EI's aggregate investment in each
QF, EWG or FUCO in which EI has acquired an
ownership interest (each, an "EI Project");
and
(ii) a summary description of each EI
Project's unaudited results of operations for
the calendar quarter reported; and
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(iii) for the Certificate Pursuant to
Rule 24 filed for the first calendar quarter
in each calendar year, the financial state-
ments of each EI Project for the preceding
year, except for EI Projects in which EI owns
a minority interest and is unable to obtain
such statements.
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SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY
HOLDING COMPANY ACT OF 1935, THE UNDERSIGNED COMPANIES HAVE DULY
CAUSED THIS STATEMENT TO BE SIGNED ON THEIR BEHALF BY THE UNDER-
SIGNED THEREUNTO DULY AUTHORIZED.
GENERAL PUBLIC UTILITIES CORPORATION
GENERAL PORTFOLIOS CORPORATION
By: ________________________________
Don W. Myers
Vice President and Treasurer
ENERGY INITIATIVES, INC.
By:______________________________
D. C. Brauer, Vice President
Date: April 26, 1994
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