-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, k7UkU3rHmfFoB+ibJmCHVzeaEAPK38trYTdsQR0uoGu32nUxtGWXj5V2AEDvx5tg A4JfKC47iFujudSDqsTX6w== 0000031224-94-000078.txt : 19941104 0000031224-94-000078.hdr.sgml : 19941104 ACCESSION NUMBER: 0000031224-94-000078 CONFORMED SUBMISSION TYPE: POS AMC PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19941103 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: EASTERN UTILITIES ASSOCIATES CENTRAL INDEX KEY: 0000031224 STANDARD INDUSTRIAL CLASSIFICATION: 4911 IRS NUMBER: 041271872 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: POS AMC SEC ACT: 1935 Act SEC FILE NUMBER: 070-06583 FILM NUMBER: 94557476 BUSINESS ADDRESS: STREET 1: ONE LIBERTY SQ STREET 2: P O BOX 2333 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6173579590 POS AMC 1 EUA DRIP PLAN POS AMC #13 File No. 70-6583 SECURITIES AND EXCHANGE COMMISSION (COMMISSION) Washington, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 13 TO FORM U-1 APPLICATION-DECLARATION WITH RESPECT TO ISSUE AND SALE OF ADDITIONAL COMMON SHARES UNDER DIVIDEND REINVESTMENT AND COMMON SHARE PURCHASE PLAN UNDER THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 (the "Act") EASTERN UTILITIES ASSOCIATES P.O. BOX 2333, BOSTON, MASSACHUSETTS 02107 (Name of company filing this statement and address of principal executive office) EASTERN UTILITIES ASSOCIATES (Name of top registered holding company parent) 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, ESQ. McDermott, Will & Emery 75 State Street 16th Floor Boston, Massachusetts 02107 Post-Effective Amendment No. 12 is hereby amended in its entirety to read as follows: ITEM 1. DESCRIPTION OF PROPOSED TRANSACTIONS. Item 1 is amended by adding the following: (31) Pursuant to prior orders of the Commission, EUA has been authorized to issue and sell, and purchase on the open market and sell, from time to time, through December 31, 1994, up to 5,800,000 of its authorized but unissued common shares pursuant to the Plan. See File Nos. 70-6364 and 70-6583 for the Commission's orders (Holding Company Act Release No. 21329, dated December 6, 1979, Release No. 22039 dated May 5, 1981, Release No. 22685, dated November 1, 1982, Release No. 23421 dated September 14, 1984, Release No. 24087 dated May 6, 1986, Release No. 24747 dated November 17, 1988, Release No. 25166 dated October 12, 1990 and Release No. 25568 dated July 1, 1992) with respect to the Plan. As of November 1, 1994, EUA had issued and sold 5,259,393 of its authorized common shares pursuant to the Plan. Shares purchased by the participants under the Plan will generally be either (i) shares originally issued out of the shares authorized but not yet issued under EUA's Declaration of Trust or (ii) at the direction of EUA, shares purchased on the open market by the Agent through the application of dividends and optional cash payments from participants or other funds made available by EUA Subject to applicable regulatory requirements. (32) EUA proposes to issue and sell (or, in the case of shares purchased on the open market, to purchase and sell) from time to time up to December 31, 1997, the 540,607 common shares remaining from the 5,800,000 shares previously authorized, plus a maximum of 1,000,000 additional common shares. For common shares purchased directly from EUA, the price per share of the shares credited to a participant's account (whether through reinvestment of dividends or cash payments) will be 100% of the average of the closing sales prices of EUA's common shares as reported by The Wall Street Journal as composite transactions during the last five trading days immediately preceding the Investment Date. For common shares purchased on the open market, the price per share of the shares credited to a participant's account (whether through reinvestment of dividends or cash payments) will be the weighted average of the price paid by the Agent for all shares purchased. For each month in which a dividend is payable, the Investment Date is the dividend payment date for such month. For each month in which a dividend is not payable, the Investment Date is the fifteenth day of such month. (33) The proceeds from the sale of common shares under the Plan will be added to EUA's general funds and will be used for any or all of the following purposes: investment in EUA's subsidiaries, through purchases of additional shares of their capital stocks, capital contributions, loans, or open-account advances; payment of any indebtedness of EUA; and/or EUA's general corporate purposes. ITEM 2. FEES, COMMISSIONS, AND EXPENSES The estimated fees, commissions and expenses to be paid or incurred directly or indirectly in connection with the additional shares which are the subject of this post-effective amendment will be supplied by amendment. ITEM 5. PROCEDURE Item 5 is amended by adding the following: (15) EUA requests that the Commission issue its order on this Post- Effective Amendment on the earliest practicable date. (16) It is not considered necessary that there be a recommended decision by a hearing officer or by any other responsible officer of the Commission. The Division of Investment Management may assist in the preparation of the Commission's decision, and it is believed that a 30-day waiting period between the issuance of the Commission's order and the date on which it is to become effective would not be appropriate. ITEM 6. EXHIBITS AND FINANCIAL STATEMENTS (* filed herewith) (a) Exhibits. Exhibit C-6 Form of Registration Statement on Form S-3 relating to 1,000,000 additional EUA common shares to be sold under the Plan, excluding all exhibits and consents (to be filed by amendment). Exhibit F-7 Opinion of McDermott, Will & Emery *Exhibit H-6 Proposed Form of Notice (b) Financial Statements. Financial Statements are not included in this Post-Effective Amendment because they are not necessary for a proper disposition by the Commission of the proposed transactions. Item 7. INFORMATION AS TO ENVIRONMENTAL EFFECTS The transactions described in Item I do not involve major Federal action significantly affecting the quality of the human environment. No Federal agency has prepared or is preparing an environmental impact statement with respect to the proposed transactions. SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, EUA has duly caused this amendment to be signed on its behalf by the undersigned thereunto duly authorized. EASTERN UTILITIES ASSOCIATES By: /s/ Clifford J. Hebert, Jr. Clifford J. Hebert, Jr. Treasurer Dated: November 3, 1994 EX-99 2 PROPOSED FORM OF NOTICE Exhibit H-6 (PROPOSED FORM OF NOTICE) SECURITIES AND EXCHANGE COMMISSION (Release No. 35- , 70-6583) Eastern Utilities Associates ("EUA"), a registered holding company, has filed Post-Effective Amendment No. 13 to an application-declaration with this Commission pursuant to Sections 6(a), 7, and 12(c) of the Public Utility Holding Company Act of 1935 (the "Act") and Rule 42 promulgated thereunder. By prior orders of the Commission, EUA has been authorized to issue and sell, and purchase on the open market and sell, from time to time, through December 31, 1994, up to 5,800,000 of its authorized but unissued common shares pursuant to its Dividend Reinvestment and Common Share Purchase Plan (the "Plan"). See File Nos. 70-6364 and 70-6583 for the Commission's orders (Holding Company Act Release No. 21329, dated December 6, 1979, Release No. 22039 dated May 5, 1981, Release No. 22685, dated November 1, 1982, Release No. 23421 dated September 14, 1984, Release No. 24087 dated May 6, 1986, Release No. 24747 dated November 17, 1988, Release No. 25166 dated October 12, 1990 and Release No. 25568 dated July 1, 1992) with respect to the Plan. As of November 1, 1994, EUA had issued and sold 5,259,393 of its authorized common shares pursuant to the Plan. EUA now proposes to issue and sell (or, in the case of shares purchased on the open market, to purchase and sell) from time to time up to December 31, 1997, the 540,607 common shares remaining from the 5,800,000 shares previously authorized, plus a maximum of 1,000,000 additional common shares. For common shares purchased directly from EUA, the price per share of the shares credited to a participant's account (whether through reinvestment of dividends or cash payments) will be 100% of the average of the closing sales prices of EUA's common shares as reported by The Wall Street Journal as composite transactions during the last five trading days immediately preceding the Investment Date. For common shares purchased on the open market, the price per share of the shares credited to a participant's account (whether through reinvestment of dividends or cash payments) will be the weighted average of the price paid by the Agent for all shares purchased. NOTICE IS FURTHER GIVEN that any interested person may, not later than _________, 1994, request in writing that a hearing be held on such matter, stating the nature of his interest, the reasons for such request, and the issues of fact or law raised by said application/declaration which he desires to controvert; or he may request that he be notified if the Commission should order a hearing thereon. Any such request should be addressed: Secretary, Securities and Exchange Commission, 450 5th Street, N.W., Judiciary Plaza, Washington, D.C. 20549. A copy of such request should be served personally or by mail upon the applicant/declarant at the above-stated address and proof of service (by affidavit or, in case of an attorney at law, by certificate) should be filed with the request. At any time after said date the application/declaration, as filed or as it may be amended, may be granted and permitted to become effective as provided in Rule 23 of the General Rules and Regulations promulgated under the Act, or the Commission may grant exemption from such rules as provided in Rules 20(a) and 100 thereof or take such other action as it may deem appropriate. Persons who request a hearing or advice as to whether a hearing is ordered will receive any notices and orders issued in this matter, including the date of the hearing (if ordered) and any postponements thereof. For the Commission, by the Division of Corporate Regulation, pursuant to delegated authority. Secretary -----END PRIVACY-ENHANCED MESSAGE-----