SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-57
AMENDED AND RESTATED
NOTIFICATION OF FOREIGN UTILITY COMPANY STATUS
Filed Under Section 33(a) of the
Public Utility Holding Company Act of 1935, as amended
ELSTA B.V. & CO., C.V.
-----------------------------------
(Name of foreign utility company)
The AES Corporation
1001 N. 19th Street
Suite 2000
Arlington, Virginia 22209
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(Name of filing company, if filed on behalf
of a foreign utility company)
The Commission is requested to mail copies of all correspondence relating
to this Notification to:
William R. Luraschi, Esq.
The AES Corporation
1001 N. 19th Street
Suite 2000
Arlington, Virginia 22209
Lynn N. Hargis
Chadbourne & Parke LLP
1200 New Hampshire Avenue, N.W.
Suite 300
Washington, D.C. 20036
<PAGE>
This notification amends and restates, in its entirety, an earlier
notification filed on February 23, 1996, by Destec Energy, Inc. with respect to
ELSTA B.V. & CO., C.V.
Item 1
The name of the entity claiming foreign utility status is Elsta B.V. & Co.,
C.V., a Netherlands limited partnership ("Elsta"), the business address of which
is Poelendaelesingel 10, NL-4335 JA Middelburg, Netherlands. Elsta will own a
facility that will be used for generating and transmitting/distributing electric
energy. The electric energy produced at such facility will be sold to Dow
Benelux N.V., a Netherlands subsidiary ("Dow") of The Dow Chemical Company. Any
electric energy not sold to Dow will be sold at wholesale to two Dutch
corporations, N.V. Delta Nutsbedrijven ("Deltan") and N.V. Provinciale
Noordbrabantse Energie Maatschappij ("PNEM"). Set forth below is a description
of the facilities to be owned by Elsta for the generation, transmission, and
distribution of electric energy for sale:
Elsta will cause the construction of, and own, a cogeneration facility (the
"Facility") located next to Dow's chemical manufacturing site in Terneuzen,
Netherlands. The Facility shall have a nominal 405 megawatts of electric
capacity. The Facility's design consists of three high efficiency
combustion turbine generators with a nominal power output of 126 megawatts
each. Each combustion turbine exhausts through a heat recovery boiler to
supply steam for an extraction/induction full condensing steam
turbine-generator capable of producing an additional nominal 90 megawatts
of electrical energy and providing a minimum of 350 metric tons/hour of
steam. The Facility will also include an associated 50 kV transmission line
and related substation.
Elsta B.V., a Netherlands private limited liability company and the sole
general partner of Elsta (the "General Partner"), having complete and exclusive
control over the management of Elsta, owns a 1% partnership interest in Elsta.
Terneuzen CoGen B.V., a Netherlands private limited liability company ("CoGen"),
owns a 49.5% limited partnership interest in Elsta, and Deltan and PNEM each own
a 24.75% limited partnership interest in Elsta. All of the voting stock of CoGen
is owned by AES Global Power Holdings B.V. ("AES-GPH"), a Netherlands private
limited liability company. All of the voting stock of AES-GPH is owned by The
AES Corporation, a Delaware corporation. In addition, AES-GPH owns 50% of the
voting stock of the General Partner, and Deltan and PNEM each own 25% of the
voting stock of the General Partner.
Item 2
None of the companies referenced in Item 1 has any domestic associate
public utility companies.
No state commission certification is required under Section 33(a)(2) of the
Act in connection with this transaction.
Signature
The undersigned company has duly caused this statement to be signed on its
behalf by the undersigned thereunto duly authorized.
By: /s/ WILLIAM R. LURASCHI
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William R. Luraschi
General Counsel
The AES Corporation
1001 N. 19th Street
Arlington, Virginia 22209
(703) 522-1315
Dated: October 24, 1997
