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
Desarrollo Eolico del Ebro, 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
David L. Wozny
Cinergy Corp.
139 East Fourth Street
Cincinnati, Ohio 45202
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 Desarrollo
Eolico del Ebro, S.A., a corporation organized under the laws of Spain,
that Desarrollo Eolico del Ebro, S.A. 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 of the company on whose behalf foreign utility company status
is claimed is Desarrollo Eolico del Ebro, S.A., ("Desebro"), a company
incorporated in Spain, and its business address is Avenida Academia Militar
52, 50015 Zaragoza, Spain.
Desebro is constructing 15 megawatts of electric wind generation
assets in Spain. Desebro's electric assets are located in northeast Spain
around the City of Zaragoza, in the Province of Aragon, and will supply
electricity to Electricas Reunidas de Zaragoza, S.A., a local utility
company.
Desebro has an authorized share capital of 72,160,000 million Spanish
Pesetas, of which 7,216 shares, with a par value per share of 10,000
Pesetas, are issued and outstanding. Cinergy 2, BV, 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 3,608 shares (i.e., 50% of
the issued share capital of Desebro) effective December 23, 1998. Jorge,
S.A. and Valle del Ebro Ingenieria y Consultoria, S.L. (both companies
incorporated in Spain) own 2,742 and 866 shares respectively of the issued
shares, representing 38% and 12% respectively of the issued share capital
of Desebro.
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 Desebro: 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 Desebro, 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 officer, duly authorized as of the date
indicated below:
CINERGY CORP.
By: /s/ William L. Sheafer
Vice President & Treasurer
Dated: March 2, 1999
