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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-57
NOTIFICATION OF FOREIGN UTILITY COMPANY STATUS
Filed under section 33(a) of the
Public Utility Holding Company Act of 1935, as amended
Central Puerto S.A.
by
THE AES CORPORATION
1001 North 19th Street
Arlington, VA 22209
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The AES Corporation ("AES"), a Delaware corporation and a public utility
holding company exempt from registration under Section 3(a)(5) of the Public
Utility Holding Company Act of 1935, as amended (the "Act"), hereby files with
the Securities and Exchange Commission (the "Commission") pursuant to Section
33 of the Act, this Form U-57 for the purpose of notifying the Commission that
Central Puerto S.A. ("Central Puerto") is a "foreign utility company" ("FUCO")
within the meaning of Section 33 of the Act.
Central Puerto does not derive and will not derive any part of its income,
directly or indirectly, from the generation, transmission or distribution of
electric energy for sale, or the distribution at retail of natural or
manufactured gas for heat, light or power, within the United States. Neither
Central Puerto nor any of its subsidiary companies is or will be a public
utility operating within the United States.
ITEM 1
Name and Business Address:
Central Puerto S.A.
Avenida Thomas A. Edison 2701
(1104) Buenos Aires
Argentina
Description of Facilities:
Central Puerto operates four thermoelectric power stations located in
Argentina: Nuevo Puerto, with a capacity of 420.0 megawatts ("MW"), Puerto
Nuevo, with a capacity of 589.0 MW, Loma de la Lata with a capacity of 370.0 MW
and a combined cycle plant with a capacity of 786.0 MW.
Ownership:
Gener S.A. owns 63.94% of Central Puerto. AES owns, through Gener S.A.,
approximately 38% of Central Puerto. AES at this time is unable to identify
definitively any other person who owns 5% or more of any securities of Central
Puerto. AES intends to supplement this filing as soon as practically possible
to identify such persons, if any.
ITEM 2
The domestic associate public utility company of Central Puerto is Central
Illinois Light Company, an Illinois corporation ("CILCO"). CILCO is an
indirect, wholly-owned subsidiary of AES.
CILCO has made no investment in, nor has any contractual relationship
with, Central Puerto, nor is any such investment or contractual relationship
contemplated.
The certification of the Illinois Commerce Commission, as required under
Section 33(a)(2) of the Act, is attached hereto as Exhibit A.
The Commission is requested to mail copies of all correspondence relating
to this Notification to:
William R. Luraschi
The AES Corporation
1001 North 19th Street
Arlington, VA 22209
William C. Weeden
Skadden, Arps, Slate, Meagher & Flom LLP
1440 New York Ave. NW
Washington, D.C. 20005
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The undersigned company has duly caused this statement to be signed on its
behalf by the undersigned officer thereunto duly authorized.
THE AES CORPORATION
By: /s/ Paul T. Hanrahan
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Name: Paul T. Hanrahan
Title: Senior Vice President
Date: December 28, 2000
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Exhibit A
[Illinois Commerce Commission Letterhead]
March 10, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
We are writing to you with respect to Central Illinois Light Company
("CILCO") and its parent, CILCORP Inc., and the pending merger transaction
involving CILCORP Inc. and The AES Corporation.
We have been advised that The AES Corporation, through its subsidiaries
(other than CILCORP Inc. or subsidiaries of CILCORP Inc.), affiliates, or
through other entities, currently holds, and intends to continue to hold and
acquire, ownership interest in electric and natural gas facilities in one or
more foreign countries. We submit this letter pursuant to the requirements of
Section 33(a)(2) of the Public Utility Holding Company Act of 1935, as amended
(the "Act").
A 1997 Illinois law implemented changes to historical utility regulation.
The law required all regulated electric utilities to reduce their rates to
residential consumers in 1998 and, subject to certain specified exceptions,
froze such electric rates until 2005. While neither the utilities nor the
Illinois Commerce Commission ("Commission") can change bundled electric rates
until 2005, the Commission retains jurisdiction to set rates for unbundled
delivery service. In addition, electric utilities are subject to other
statutory provisions that require a sharing of revenues with consumers if the
utility earns more than certain specified thresholds. However, the
restructuring legislation gave electric utilities great flexibility in writing
down assets and accelerating depreciation, so utilities may be able to avoid
triggering the over-earning threshold. Also, the legislation removed Commission
authority over the sale, lease or other transfer of assets to affiliated or
unaffiliated entities until January 1, 2005. Also, the Commission has
jurisdiction over electric and gas delivery system reliability. However, the
Commission cannot order a utility to construct additional generation. Finally,
while the Commission's authority to approve or disapprove some merger and
reorganization transactions has been suspended until 2005, regulated utilities
are required to provide the Commission with a 30-day advanced notice of any
proposed transaction, with supporting documentation, and to file certain
reports thereafter.
The Illinois Commerce Commission hereby certifies to you that we have the
authority and resources to protect Illinois consumers in accordance with the
Illinois statutes discussed in the previous paragraph. We intend to exercise
such authority.
Sincerely,
Illinois Commerce Commission
/s/ Richard L. Mathias
Richard L. Mathias
Chairman
cc: Mr. Edward J. Griffin, DeFrees & Fiske
Mr. Robert W. Wason, Security and Exchange Commission
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