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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-57/A
NOTIFICATION OF FOREIGN UTILITY COMPANY STATUS
Filed under section 33(a) of the
Public Utility Holding Company Act of 1935, as amended
TermoAndes 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") this Form U-57/A
under Section 33 of the Act on behalf of TermoAndes S.A. ("TermoAndes") for the
purpose of notifying the Commission that TermoAndes is a "foreign utility
company" ("FUCO") within the meaning of Section 33 of the Act. This Form U-57/A
amends and restates in its entirety the Form U-57 that AES filed on behalf of
TermoAndes on December 28, 2000.
TermoAndes 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
TermoAndes nor any of its subsidiary companies is or will be a public utility
operating within the United States.
ITEM 1
Name and Business Address:
TermoAndes S.A.
Virrey Toledo 805
(4400) Provincia de Salta
Argentina
Description of Facilities:
TermoAndes owns and operates the Salta Plant, a thermoelectric plant in
the northwestern area of the Republic of Argentina with a capacity of 644.4
megawatts.
Ownership:
Gener S.A. owns, through its wholly-owned subsidiary, Gener Argentina
S.A., 100% of TermoAndes. AES owns, indirectly through Gener S.A and Gener
Argentina S.A., approximately 96.45% of TermoAndes.
ITEM 2
The domestic associate public utility company of TermoAndes is Central
Illinois Light Company, an Illinois corporation ("CILCO"). CILCO is an indirect,
wholly-owned subsidiary of AES.
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CILCO has made no investment in, nor has any contractual relationship
with, TermoAndes, 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: January 5, 2001
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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.
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Securities and Exchange Commission
March 10, 1999
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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
