METRETEK TECHNOLOGIES INC
SC 13G, 2000-02-14
BUSINESS SERVICES, NEC
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                      SECURITIES AND EXCHANGE COMMISSION

                          WASHINGTON, D.C. 20549

                               SCHEDULE 13G
                                (Rule 13d - 102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c)
AND AMENDMENTS THRETO FILED PURSUANT TO RULE 13d-2(b)

                           METRETEK TECHNOLOGIES, INC.
  ---------------------------------------------------------------------
                            (Name of Issuer)

                             Common Stock
  ---------------------------------------------------------------------
                       (Title of Class of Securities)

                               566323309
- -----------------------------------------------------------------------
                           (CUSIP NUMBER)

                  FamCo Value Income Partners, L.P.
                          121 Outrigger Mall
                      Marina del Rey, CA 90292

                (Name, Address and Telephone Number of Person
          Authorized to Receive Notices and Communications)

                         - with copies to -


                         Michael G. Tannenbaum, Esq.
                 Tannenbaum Helpern Syracuse & Hirschtritt
                    900 Third Avenue - 13th Floor
                       New York, New York 10022
                             (212) 508-6700


                         February 10, 2000
                   (Date of event which requires
                     filing of this statement)

Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

                  |_|  Rule 13d-1-(b)

                  |X| Rule 13d-1-(c)

                  |_|  Rule 13d-1-(d)

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act.

                                                 Page 1 of 6 Pages

<PAGE>



CUSIP No. 566323309

1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
  (entities only)

FamCo Value Income Partners, L.P.  954424525

2. Check the Appropriate Box if a Member of a Group (See Instructions)

a.

b.   | X |

3.       SEC Use Only

4.       Citizenship or Place of Organization:   California, USA

Number of Shares  5.  Sole Voting Power 275,300 Shares
Beneficially
Owned by          6.  Shared Voting Power           0
Each
Reporting         7.  Sole Dispositive Power 275,300 Shares
Person
With              8.  Shared Dispositive Power     0

9.  Aggregate Amount Beneficially Owned by Each Reporting Person 275,300 Shares

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
    (See Instructions)

11. Percent of Class Represented by Amount in Row 9   5.49% of Common Stock

12. Type of Reporting Person (See Instructions)  PN


                                                 Page 2 of 6 Pages


<PAGE>



CUSIP No. 566323309

Item 1(a)         Name of Issuer:

Metretek Technologies, Inc.

Item 1(b)         Address of Issuer:

Metretek Technologies, Inc.
1675 Broadway
Suite 2150
Denver, Colorado  80202

Item 2(a)         Name of Person Filing:

FamCo Value Income Partners, L.P.

Item 2(b)         Address of Principal Business Office or, if none, Residence:

The address of the reporting person is:

FamCo Value Income Partners, L.P.
121 Outrigger Mall
Marina del Rey, CA 90292

Item 2(c)         Citizenship:

         California, USA

Item 2(d)         Title of Class of Securities:

         Common Stock

Item 2(e)         CUSIP Number:

         566323309

Item     3 If this  statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
         13d-2(c)  promulgated under the Securities  Exchange Act of 1934, check
         whether the filing person is a:


                                                 Page 3 of 6 Pages


<PAGE>



CUSIP No. 566323309


a. |_| Broker or dealer registered under Section 15 of the Act,
b. |_| Bank as defined in Section 3(a)(6) of the Act,
c. |_| Insurance Company as defined in Section 3(a)(19) of the Act,
d. |_| Investment Company registered under Section 8 of the Investment Company
       Act,
e. |_| Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E),
f. |_| Employee Benefit Plan, or Endowment Fund in accordance with Rule
       13d-1(b)(1)(ii)(F),
g. |_| Parent Holding Company or Control Person, in accordance with
       Rule 13d-1(b)(ii)(G); (Note:  see Item 7)
h. |_| A savings association as defined in Section 3(b) of the Federal Deposit
       Insurance Act (12 U.S.C. 1813);
i. |_| A  church  plan  that  is   excluded   from  the
       definition  of an  investment  company  under section
       3(c)(14) of the Investment Company Act of 1940;
j. |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

Item 4   Ownership:

         (a)      Amount Beneficially Owned:

                 As of February 10, 2000, 275,300 shares were beneficially owned
                 by the filing person.

         (b)      Percent of Class:  5.49%

         (c)      Number of shares as to which such person has:

                  (i)      sole power to vote or to direct the vote:

                           275,300 shares

                  (ii) shared power to vote or direct the vote:

                           0

                                                 Page 4 of 6 Pages

<PAGE>



CUSIP No. 566323309

                  (iii) sole power to dispose or to direct the disposition of:

                           275,300 shares

                  (iv) shared power to dispose or direct the disposition of:

                           0

Item 5  Ownership of Five Percent or Less of a Class:
- ------

                  If this statement is being filed to report the fact that as of
                  the date  hereof  the  reporting  person  has ceased to be the
                  beneficial  owner of more  than five  percent  of the class of
                  securities, check the following |_|

Item 6  Ownership of More than Five Percent on Behalf of Another Person:
- ------

                  Not applicable

Item 7  Identification and Classification of the Subsidiary which Acquired the
- ------
                  Security Being Reported on By the Parent Holding Company:

                  Not applicable

Item 8  Identification and Classification of Members of the Group:
- ------

                  Not applicable

Item 9   Notice of Dissolution of Group:
- ------

                  Not applicable

Item 10  Certification:
- -------

By signing below I certify  that,  to the best of my knowledge  and belief,  the
securities  referred to above were not acquired and are not held for the purpose
of or with the effect of  changing or  influencing  the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.

                                                 Page 5 of 6 Pages


<PAGE>


CUSIP No. 566323309


Signature

After  reasonable  inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.


February 14, 2000
- -----------------------------------------------------------------------------

Date

/s/ Kenneth Funsten
- -----------------------------------------------------------------------------
Signature


Kenneth B. Funsten, General Partner
- ------------------------------------------------------------------------------
Name/Title


                                                 Page 6 of 6 Pages


<PAGE>




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