Post-Effective Amendment No. 2 to
SEC File No. 70-8533
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-1
DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 ("Act")
ENERGY INITIATIVES, INC. ("EI")
One Upper Pond Road
Parsippany, New Jersey 07054
NCP ENERGY, INC. ("NCP")
One Upper Pond Road
Parsippany, New Jersey 07054
(Names of companies filing this statement and addresses
of principal executive offices)
GENERAL PUBLIC UTILITIES CORPORATION
(Name of top registered holding company parent of applicants)
B.L. Levy, President Douglas E. Davidson, Esq.
K.A. Tomblin, Secretary Berlack, Israels & Liberman LLP
Energy Initiatives, Inc. 120 West 45th Street
NCP Energy, Inc. New York, New York 10036
One Upper Pond Road
Parsippany, New Jersey 07054
_________________________________________________________________
(Names and addresses of agents for service)<PAGE>
Energy Initiatives, Inc. ("EI") and NCP Energy Inc. ("NCP")
hereby post-effectively amend their Declaration on Form U-1,
docketed in SEC File No. 70-8533, as follows:
1. By order dated March 1, 1995 (HCAR No. 35-26241), the
Commission authorized NCP to distribute to EI, by way of a
dividend, all of NCP's assets other than certain assets related to
its Syracuse Cogeneration Project. The NCP assets to be
distributed to EI consist of all of the outstanding common stock of
each current subsidiary of NCP (other than those subsidiaries which
hold interests in the Syracuse Cogeneration Project). By Order
dated June 22, 1995 (HCAR No. 35-26316), the Commission extended
until December 31, 1995 the period during which NCP was authorized
to declare and pay the dividend.
2. NCP has not declared and paid the dividend because it has
not yet received certain third-party consents which are required
under its project agreements as a condition to effecting the
transfer. NCP now anticipates that these consents should be
received by June 30, 1996. Accordingly, NCP requests that the
Commission issue a supplemental order authorizing it to declare and
pay the dividend at any time and from time to time on or before
June 30, 1996.<PAGE>
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
UNDERSIGNED THEREUNTO DULY AUTHORIZED.
ENERGY INITIATIVES, INC.
NCP ENERGY, INC.
By:______________________________
Bruce L. Levy
President
Date: December 27, 1995<PAGE>
