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
for
La Compania de Electricidad de San Pedro de Macoris
by
Cogentrix Energy, Inc.
9405 Arrowpoint Blvd.
Charlotte, North Carolina 28273-8110
<PAGE>
Notification
Cogentrix Energy, Inc. ("Cogentrix"), a North Carolina corporation, hereby
files with the Securities and Exchange Commission ("Commission"), pursuant to
section 33 of the Public Utility Holding Company Act of 1935 ("Act"), as amended
by section 715 of the Energy Policy Act of 1992, P.L. 102-486, and Rule 57 of
the implementing regulations thereunder, 17 C.F.R. section 250.57, this notice
that La Compania de Electricidad de San Pedro de Macoris ("San Pedro"), a
special-purpose Cayman Islands corporation, is a foreign utility company in
which Cogentrix holds voting security interests.
San Pedro will not own or derive any part of its income, directly or
indirectly, from the generation, transmission, or distribution of electric
energy for sale (or the distribution at retail of natural gas or manufactured
gas for heat, light, or power) within the United States. Neither San Pedro nor
any subsidiary company of San Pedro is or will be a public-utility company
operating in the United States.
Item 1
Name and registered branch office of the entity claiming foreign utility company
status
La Compania de Electricidad de San Pedro de Macoris
c/o Norman De Castro
Pellarano & Herrera
10, Av. John F. Kennedy
4th Floor
Santo Domingo, Dominican Republic
Description of the facilities used for the generation, transmission, or
distribution of electric energy for sale
San Pedro's facilities used for the generation, transmission, or distri-
bution of electric energy for sale will consist primarily of a 297.6 MW (net)
diesel-fired combined-cycle generating plant utilizing three 100 MW Siemens
V64.3A turbines, located in the southeastern area of the Dominican Republic
near the city of San Pedro de Macoris. The facilities will also include fuel
unloading and storage facilities and facilities interconnecting the project with
the transmission system of the governmental power company, Corporacion
Dominicana de Electricidad.
Ownership of the Company
The two owners of the voting securities of San Pedro are Cogentrix
International, Ltd., with a 65 percent interest, and Commonwealth Development
Corp. of the United Kingdom, with a 35 percent interest. Cogentrix Inter-
national, Ltd. is Cayman Islands company wholly-owned by Cogentrix Inter-
national Holdings, Inc. Cogentrix International Holdings, Inc. is a Delaware
corporation wholly-owned by Cogentrix.
Item 2
Domestic associate public-utility company and holding company
Cogentrix has no affiliates or associate companies that are domestic public
- -utility companies. Nor does Cogentrix have any reason to believe that Common-
wealth Development Corp. has any such affiliates or associate companies.
Cogentrix is a developer, owner, and operator of qualifying facilities under the
Public Utility Regulatory Policies Act of 1978, exempt wholesale generators
under section 32 of the Act, and foreign utility companies. Commonwealth
Development Corp. is a development finance institution that assists economic
development in emerging markets through private sector investment.
EXHIBIT A
Documents incorporated by reference
To the knowledge of Cogentrix, no associate company or affiliate of San
Pedro is subject to the regulation of its retail electric or gas rates by a
State commission.
The undersigned company has duly caused this statement to be signed on its
behalf by the undersigned officer hereunto duly authorized.
By: ___________________________________
Dennis Alexander
Group Senior Vice President & General Counsel
Cogentrix Energy, Inc.
9405 Arrowpoint Boulevard
Charlotte, North Carolina 28273-8110
February 16, 2000
