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
Construcciones y Representaciones Industriales S.A.
(Name of foreign utility company)
Cinergy Corp.
(Name of filing company, if filed on behalf of a foreign utility company)
The Commission is requested to mail copies of all communications relating
to this Notification to:
Cheryl M. Foley
Lisa D. Gamblin
Cinergy Corp.
139 East Fourth Street
Cincinnati, Ohio 45202
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Cinergy Corp. ("Cinergy"), a Delaware corporation and a registered
holding company under the Public Utility Holding Company Act of 1935, as
amended (the "Act"), hereby notifies the Commission on behalf of
Construcciones y Representaciones Industriales S.A., a corporation
organized under the laws of Spain ("Crisa"), that Crisa is, and claims
status as, a foreign utility company within the meaning of section 33 of
the Act.
Item 1. Name of entity claiming foreign utility company status, its
business address, and a description of the facilities used for the
generation, transmission and distribution of electric energy for sale or
for the distribution at retail of natural or manufactured gas.
Identification, to the extent known, of each person holding 5% or more of
any class of voting securities of the foreign utility company and
description of the amount and nature of the interest.
The name and business address of the company on whose behalf foreign
utility company status is claimed is Construcciones y Representaciones
Industriales S.A. ("Crisa"), Paseo de la Castellana, 23, Escalera 1-1
degree, Madrid 28046, Spain.
Crisa owns and operates 5.721 MW of hydro electric generation assets
in Spain. Crisa's electric assets are located primarily in 5 sites in
Murcia Province, Spain, and supply electricity to Iberdrola, the regional
electric utility.
Crisa has an authorized share capital of 36 million Spanish Pesetas,
of which 90,000 shares, with a par value per share of 400 Pesetas, are
issued and outstanding. Midlands Power International B.V., a company
incorporated in The Netherlands and a wholly-owned subsidiary of Cinergy
Global Power, Inc. (the latter company being an indirect wholly-owned
subsidiary of Cinergy), is the legal and beneficial owner of 85,954 shares,
representing approximately 95.5% of the issued share capital of Crisa. The
remaining 4.5% of the issued share capital of Crisa is owned by two
shareholders, each owning significantly less than 5% of the issued share
capital of the company.
Item 2. Name of any domestic associate public utility company and, if
applicable, its holding company, and description of the relationship
between the foreign utility company and such company, and the purchase
price paid by any domestic associate public utility company for its
interest in the foreign utility company.
The following domestic public utility companies, each of which is a
direct or indirect wholly-owned subsidiary of Cinergy, are associate
companies of Crisa: The Cincinnati Gas & Electric Company ("CG&E"), PSI
Energy, Inc., The Union Light, Heat and Power Company ("Union"),
Lawrenceburg Gas Company ("Lawrenceburg"), The West Harrison Gas and
Electric Company ("West Harrison") and Miami Power Corporation ("Miami").
Union, Lawrenceburg, West Harrison and Miami are all direct wholly-owned
subsidiaries of CG&E.
None of the foregoing domestic public utility companies has made an
investment in or has any contractual relationship with Crisa, nor is any
such investment or contractual relationship contemplated.
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SIGNATURE
The undersigned company has duly caused this statement to be signed on
its behalf by the undersigned thereunto duly authorized as of the date
indicated below:
CINERGY CORP.
By: /s/ William L. Sheafer
Vice President & Treasurer
Dated: April 30, 1998
