-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, P3ayCsVnNJi7aFd/8j8xJj50XUK+SCJCJym8EL4RoxJKY6qGH53CCmh/uEaZsxnf +C3BGD/I8t11oJILUtn57w== 0000950168-98-002310.txt : 19980716 0000950168-98-002310.hdr.sgml : 19980716 ACCESSION NUMBER: 0000950168-98-002310 CONFORMED SUBMISSION TYPE: U-57 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980715 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: DUKE ENERGY CORP CENTRAL INDEX KEY: 0000030371 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 560205520 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-57 SEC ACT: SEC FILE NUMBER: 073-00007 FILM NUMBER: 98666444 BUSINESS ADDRESS: STREET 1: 422 S CHURCH ST CITY: CHARLOTTE STATE: NC ZIP: 28242-0001 BUSINESS PHONE: 7045940887 MAIL ADDRESS: STREET 1: 422 S CHURCH ST CITY: CHARLOTTE STATE: NC ZIP: 28242 FORMER COMPANY: FORMER CONFORMED NAME: DUKE POWER CO /NC/ DATE OF NAME CHANGE: 19920703 U-57 1 DUKE ENERGY U-57 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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 Electroquil, S.A. Duke Energy International Cia. Ltda. Duke Energy Electroquil Partners ----------------------------------- (Name of foreign utility company) DUKE ENERGY CORPORATION -------------------------------------------- (Name of filing company, if filed on behalf of a foreign utility company) Notification Duke Energy Corporation, a North Carolina corporation ("Duke Energy"), acting on behalf of Electroquil, S.A., an Ecuadorian corporation ("Electroquil"), Duke Energy International Cia. Ltda., an Ecuadorian limited liability company ("DEI"), and Duke Energy Electroquil Partners, a Delaware general partnership ("DEEP"), herewith files with the Securities and Exchange Commission (the "Commission") this Notification of Foreign Utility Company Status pursuant to Section 33(a) of the Public Utility Holding Company Act of 1935, as amended (the "Act"). ITEM 1 Names and Business Addresses: The names and business addresses of the entities claiming foreign utility company status are: Electroquil, S.A. Km. 19 Via a la Costa Guayaquil, Republica del Ecuador Duke Energy International Cia. Ltda. Km. 19 Via a la Costa Guayaquil, Republica del Ecuador Duke Energy Electroquil Partners 5400 Westheimer Court Houston, Texas 77056-5310 Facilities: The Facilities consist of a 168 megawatt, diesel- fired power generation facility located near Guayaquil, Ecuador. Electroquil sells electricity to Inecel, Ecuador's state power utility, under long-term power purchase agreements. Ownership: The outstanding voting stock of Electroquil is owned 51.500% by DEI, which is a wholly owned subsidiary of DEEP. A 1% interest in DEEP is owned by Duke Energy Services, Inc., a Delaware corporation ("DESI"), with the remaining 99% interest in DEEP being owned by Duke Energy Global Asset Development, Inc., a Nevada corporation and a wholly owned subsidiary of DESI. DESI is a wholly owned subsidiary of PanEnergy Corp, a Delaware corporation, which is a wholly owned subsidiary of Duke Capital Corporation, a Delaware corporation, which, in turn, is a wholly owned subsidiary of Duke Energy. The other persons or entities that own 5% or more of any class of the voting securities of Electroquil are: Ing. Oscar Orrantia Vernaza (8.600%) and Ing. Carlos Tama Corral (6.009%). 2 ITEM 2 Domestic Associate Public-Utility Companies of Electroquil, DEI and DEEP and their Relationship to Such Entities: Duke Energy and Nantahala Power and Light Company ("Nantahala") are domestic associate public-utility companies of Electroquil, DEI and DEEP, with Duke Energy being the parent holding company. Duke Energy's relationship to each of Electroquil, DEI and DEEP is that it indirectly owns 51.500%, 100% and 100%, respectively, of such entities. Nantahala is a wholly owned public-utility subsidiary of Duke Energy. Nantahala will not be involved in any way in the ownership, management, operation, or maintenance of the Electroquil facility. The purchase price of DEI's interest in Electroquil is $45 million. Exhibit A: Documents filed herewith: (1) North Carolina Utilities Commission certification letter dated June 23, 1997. (2) The Public Service Commission of South Carolina certification letter dated June 5, 1997. 3 SIGNATURE The undersigned company has duly caused this statement to be signed on its behalf by the undersigned thereunto duly authorized. DUKE ENERGY CORPORATION By: /s/ Richard J. Osborne ------------------------------- Richard J. Osborne Executive Vice President and Chief Financial Officer Date: July 15, 1998 4 (1) STATE OF NORTH CAROLINA UTILITIES COMMISSION Post Office Box 29510 Raleigh, NC 27626-0510 June 23, 1997 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Dear Sirs: We submit this letter to you pursuant to Section 33(a)(2) of the Public Utility Holding Company Act of 1935, as amended (the Act), which provides an exemption for foreign utility companies from certain provisions of the Act. The North Carolina Utilities Commission hereby certifies to you that it has the authority and resources to protect ratepayers subject to its jurisdiction and that it intends to exercise its authority. The North Carolina Utilities Commission has jurisdiction over the retail electric rates of Duke Power Company (to be renamed Duke Energy Corporation) and Nantahala Power & Light Company, each of which is a public utility company as such term is defined in the Act. Sincerely, /s/ Jo Anne Sanford Jo Anne Sanford Chair 5 (2) The Public Service Commission State of South Carolina June 5, 1997 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Dear Sirs: This letter is submitted to you pursuant to Section 33(a)(2) of the Public Utility Holding Company Act of 1935, as amended (the Act), which provides an exemption for foreign utility companies from certain provisions of the Act. The Public Service Commission of South Carolina hereby certifies to you that it has the authority and resources to protect ratepayers subject to its jurisdiction and that it intends to exercise its authority. We have jurisdiction over the retail electric rates of Duke Power Company (to be renamed Duke Energy Corporation), which is a public utility company as such term is defined in the Act. Sincerely, /s/ Guy Butler GUY BUTLER CHAIRMAN 6 -----END PRIVACY-ENHANCED MESSAGE-----