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
Desarrollos Eolicos El Aguila, 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:
David L. Wozny George Dwight II
Vice President Senior Counsel
Cinergy Global Resources, Inc. Cinergy Corp.
139 East Fourth Street 139 East Fourth Street
Ohio 45202 25AT2 Cincinnati
Cincinnati Ohio 45202
Cincinnati
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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 Desarrollos Eolicos El
Aguila, S.A., a corporation organized under the laws of Spain, that Desarrollos
Eolicos El Aguila, 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 Desarrollos Eolicos el Aguila, S.A. ("Desaguila"), a company
incorporated in Spain, and its business address is Avenida Academia General
Militar n(0) 52, Zaragoza, Aragon, Spain.
Desaguila is constructing 19.5 megawatts of electric wind generation assets
in Spain. Desaguila's electric assets are located in northeastern Spain and
around Pedrola, Aragon, Spain, and will supply electricity to Electricas
Reunidas de Zaragoza, S.A. (ERZ), a local utility company in Spain (Endesa's
affiliate).
Desaguila has an authorized share capital of 11.300.000 Spanish Pesetas, of
which 1.130 shares, with a par value per share of 10,000 Pesetas, are issued and
outstanding. Cinergy 2, 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 130 shares (i.e., 11.5% of the issued share capital of Desaguila).
Financiera Agroganadera, S.A. (a company incorporated in Spain) owns 510 shares
of the shares in issue, representing 45.13% of the issued share capital of
Desaguila. And Valle del Ebro Ingenieria y Consultoria, S.L. (Veinco) owns 490
shares in issue, representing 43.37 % of the issued share capital of Desaguila.
Save for those persons referred to above Cinergy is not aware of any other
person(s) holding directly or indirectly five percent (5%) or more of any class
of voting securities of Desaguila.
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
Desaguila: The Cincinnati Gas & Electric Company ("CG&E"), PSI Energy, Inc., The
Union Light, Heat and Power Company ("Union"), Lawrenceburg Gas Company
("Lawrenceburg") and Miami Power Corporation ("Miami"). Union, Lawrenceburg 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 Desaguila, nor is any
such investment or contractual relationship contemplated.
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/Lisa Gamblin
Vice President & Treasurer
Dated: January 9, 2001
