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
Parque Eolico De Ascoy, 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 Parque
Eolico De Ascoy, S.A., a corporation organized under the laws of Spain
("Ascoy"), that Ascoy is, and claims status as, a foreign utility company
("FUCO") 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 Parque Eolico De Ascoy, S.A.
("Ascoy"), C/Rector Lostau 16,6, Murcia, Spain.
Ascoy owns and operates 6 megawatts of electric wind generation assets
in Spain. Its assets are located in southeastern Spain in the municipality
of Cieza in Murcia Province, and supply electricity to Iberdrola, the
regional electric utility.
Ascoy has an authorized share capital of 215 million Spanish Pesetas,
of which 43,000 shares, with a par value per share of 5000 Pesetas, are
issued and outstanding. Construcciones y Representaciones Industriales
S.A., a FUCO incorporated in Spain, 95% of whose share capital is owned by
Cinergy Hydro B.V. (the latter company being an indirect wholly-owned
subsidiary of Cinergy), is the legal and beneficial owner of 8,385 shares,
representing approximately 19.5% of the issued share capital of Ascoy. The
remaining 80.5% of the issued share capital of Ascoy is owned by five
shareholders, as follows:
Elecdey, SL 17,630 shares (41%)
Nuevos Riegos el Progreso, SA 4,300 shares (10%)
IDAE
(Instituto para la Diversificacion
y Ahorro De la Energia) 7,955 shares (18.5%)
Invercartera (Caixa Catalunya group) 4,515 shares (10.5%)
Pedro Soler Dolera 215 shares (0.5%)
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 Ascoy: 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 Ascoy, 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: March 11, 1999
