File No. 70-8617
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 2
to
FORM U-1
APPLICATION-DECLARATION WITH RESPECT TO
PARTICIPATION BY
EUA ENERGY INVESTMENT CORPORATION
IN A JOINT VENTURE TO DEVELOP AND COMMERCIALIZE
A BIOMASS-FIRED COMBUSTION TURBINE POWER GENERATION FACILITY
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
EUA ENERGY INVESTMENT CORPORATION
P.O. Box 2333, Boston, Massachusetts 02107
(Name of companies filing this statement
and address of principal executive office)
EASTERN UTILITIES ASSOCIATES
(Name of top registered holding company
parent of applicant or declarant)
CLIFFORD J. HEBERT, JR., TREASURER
EASTERN UTILITIES ASSOCIATES
P.O. Box 2333, Boston, Massachusetts 02107
(Name and address of agent for service)
The Commission is requested to mail signed copies
of all orders, notices and communications to:
ARTHUR I. ANDERSON, P.C.
McDermott, Will & Emery
75 State Street
Boston, Massachusetts 02109
This Post-Effective Amendment No. 2 to the Application-Declaration on Form U-
1 filed April 27, 1995, as amended by Amendment No. 1 dated May 17, 1995,
Amendment No. 2 dated June 19, 1995, Amendment No. 3 dated June 21, 1995
and Post-Effective Amendment No. 1 dated October 4, 1996, hereby amends
Item 1 of said Application-Declaration as follows:
1. Paragraph II.F of Item 1 is hereby amended to incorporate EEIC's
request to increase the amount of the working capital line of credit which
EEIC is authorized through December 31, 1998 to provide to the BIOTEN
Partnership, pursuant to the Commission's Order dated June 21, 1995, from
"up to $3,000,000" to "up to $6,000,000," such additional amounts to be
provided upon the terms and conditions described in the Application-
Declaration.
The reason for EEIC's request for additional funding authorization is
that the partners of the BIOTEN Partnership have determined that additional
funding is needed for working capital purposes due to unavoidable technical
delays in developing the prototype plant. The partners of the BIOTEN
Partnership anticipate that the prototype plant will be ready to undergo
acceptance testing upon satisfaction of certain technical issues. To date,
the BIOTEN Partnership has received indications of interest in the
prototype plant from several potential purchasers, and EEIC believes that
the long-term profitability of its investment in the BIOTEN Partnership
will not be adversely affected by its providing the increased funding
requested hereunder to the BIOTEN Partnership. In particular, the
Partnership believes that there are significant market opportunities for
small biomass plants both within and outside the United States. The market
opportunities in the United States include providing an economical means for
disposing of sawdust while overseas the plants can provide an expensive
source of electric where fossil fuels are expensive or unavailable.
EWG. As required by Rule 54, all applicable conditions contained in
Rule 53(a) are, and assuming the consummation of the proposed transactions
will be, satisfied and none of the conditions contained in Rule 53(a) exist
or will exist as a result of the proposed transactions making Rule 53(c)
inapplicable.
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, the undersigned Applicant has duly caused this statement to be
signed on its behalf by the undersigned duly authorized individual.
EUA ENERGY INVESTMENT CORPORATION
By: /s/ Clifford J. Hebert, Jr.
Clifford J. Hebert, Jr.
Treasurer
Dated: November 8, 1996