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
Cinergy Global Resources 1 B.V.
(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:
David L. Wozny, Vice President George Dwight II
Patricia J. Bright, Analyst Senior Counsel
Cinergy Global Resources, Inc. Cinergy Corp.
139 East Fourth Street 139 East Fourth Street,
Suite 710, Clopay Tower 25AT2
Cincinnati, Ohio 45202 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 Cinergy
Global Resources 1 B.V., a company organized under the laws of The
Netherlands, that Cinergy Global Resources 1 B.V. 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.
Cinergy Global Resources 1 B.V. ("CGR 1 B.V."), with its registered
seat at Rotterdam, The Netherlands, located at Postbus 1469, 1000 BL,
Amsterdam, The Netherlands, Commercial Register Number 33261746, is an
indirect wholly-owned subsidiary of Cinergy. As described below, CGR
indirectly owns electric generation, transmission and distribution
facilities located in the Czech Republic.
CGR 1 B.V. owns all of the stock of Moravske Teplarny a.s., which
owns a combined heat and power plant in the city of Zlin, located in the
south Moravian region of the Czech Republic. The plant consists of six
coal-fired boilers, four gas-fired boilers and five turbine generators with
48 megawatts ("MW") of installed capacity, along with associated
distribution assets, which supply electricity to the regional electric
distribution company, Jihomoravska Energetika ("JME"), and several local
companies located in the Svit industrial complex, together with 10 boilers
ranging from 22 to 150 tons/hour of steam output with 410 MW of installed
capacity which supply district heating and process steam to the Svit
industrial complex and heating to the eastern 40 percent of the city.
CGR 1 B.V. also owns all of the stock of Plzenska Energetika a.s.,
which owns a combined heat and power plant located in the city of Plzen,
approximately 70 miles southwest of Prague in the Czech Republic. The
plant consists of three coal-fired boilers, two oil-fired boilers and three
turbine generators with 84 MW of installed capacity, along with associated
transmission and distribution assets, which supply electricity to
Zapadoceska energetika, a.s., the regional electric distribution company,
together with five boilers ranging from 75 to 160 tons/hour of steam output
which have over 400 MW of heating capacity and supply district heating and
process steam to the Skoda industrial complex.
CGR 1 B.V. also owns over 95% of the stock of Cinergetika U/L a.s.,
which owns a combined heat and power plant located in the city of Usti nad
Labem in northwestern Czech Republic. The plant consists of four
coal-fired boilers and three turbine generators with 14 MW of capacity,
along with associated transmission and distribution assets, which supply
electricity to the nearby Setuza industrial complex and Severoceska
Energetika, the regional electric distribution company, together with four
boilers ranging from 60 to 75 tons/hour of steam output with 230 MW of
capacity, which supply district heating and process steam to the Setuza
complex and a wholesale housing administrator.
CGR 1 B.V. also owns all of the stock of Energetika Chropyne a.s.
("Chopryne"), which owns a combined heat and power plant located in
Chropyne, near Moravske Teplarny, in the Czech Republic. The plant
consists of three gas-fired boilers and one turbine generator with up to
2.5 MW of electric capacity, which supplies electricity to Technoplast
industrial complex via Chropyne's own power and power purchased from JME,
together with three boilers ranging from 20 to 44 tons/hour of steam output
with 48 MW of capacity, which supply the district heating needs and process
steam for the Technoplast industrial complex and local residential housing.
CGR 1 B.V. also owns 12% of the stock of Teplarna Otrokovice a.s.
("Teplarna"), which owns a combined heat and power plant located in
Otrokovice, near Moravske Teplarny, in the Czech Republic. Newton Stock
Investment a.s. owns 86% of Teplarana and small investors hold the
remaining 2% stock ownership. Teplarna's combined heat and power plant
consists of two coal-fired boilers and two turbine generators with 50 MW of
electric capacity, which supply electricity to JME, together with five
boilers ranging from 110 to 375 tons/hour of steam output with 349 MW of
capacity, which supply the district heating needs and process steam for
local industrial plants.
In addition to these subsidiaries, CGR 1 B.V. owns all of the stock
of Cinergy Global Resources a.s., which provides management and
administrative services to the subsidiaries previously mentioned. Also,
CGR 1 B.V. owns all of the stock of two subsidiaries formed under Polish
law. One of such companies, Cinergy Global Resources 1 Sp. z o. o., was
established to acquire the assets of a combined heat and power facility in
Poland. The other company, Cinergy Global Polska Sp. z o. o., is providing
management and administrative services for power plant development and
acquisition in Poland.
Finally, CGR 1 B.V. anticipates that, within the next six months,
it will acquire or otherwise have transferred to it from Cinergy Global
One, Inc., an affiliate and another indirect wholly-owned subsidiary of
Cinergy, 100% ownership of CZECHPOL ENERGY spol. s. r.o. ("Czechpol") and
its subsidiaries. Czechpol is a limited liability Czech company whose
primary business is arranging and managing structured transactions for the
purchase and sale of electricity. Typically the transactions involve the
purchase of power by Czechpol in one country from a utility; arranging for
the transmission of the power; and delivery and sale of the power by
Czechpol to another utility in another country. The purchases and
deliveries may involve anywhere from a few hundred MW hours lasting only a
few months, to over a million MW hours delivered over the course of 5 or
more years. These structured transactions have been arranged between and
involving counterparties from a number of countries, primarily in central
and eastern Europe, including Austria, Czech Republic, Germany, Greece,
Hungary, Poland, Slovak Republic and the Ukraine. In 1999, Czechpol traded
3,512 gigawatt hours of electricity. Most of these transactions involved
the purchase, sale or transmission of electricity in the Czech Republic.
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 CGR 1 B.V.: 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 CGR 1 B.V., 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/Andrew M. Turk
Vice President & Treasurer
Dated: August 24, 2000
