-----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, OQ6kAi4lIlUkO4/Wt3tN+auBWRuCam9QVibndm84tFWRI9ZRUBiznXFTud1vKsiT Dsa0btffjEC3FIfhkWhAcA== 0000079636-95-000003.txt : 19950601 0000079636-95-000003.hdr.sgml : 19950601 ACCESSION NUMBER: 0000079636-95-000003 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19941231 FILED AS OF DATE: 19950228 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PORTLAND GENERAL CORP /OR CENTRAL INDEX KEY: 0000079636 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 930909442 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 1935 Act SEC FILE NUMBER: 069-00233 FILM NUMBER: 95517134 BUSINESS ADDRESS: STREET 1: 121 SW SALMON ST CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 5034648820 FORMER COMPANY: FORMER CONFORMED NAME: PORTLAND GENERAL ELECTRIC CO DATE OF NAME CHANGE: 19860804 U-3A-2 1 File No. 69-233 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. FORM U-3A-2 Statement by Holding Company Claiming Exemption Under Rule 2 from the Provisions of the Public Utility Holding Company Act of 1935 To Be Filed Annually Prior to March 1 PORTLAND GENERAL CORPORATION hereby files with the Securities and Exchange Commission, pursuant to Rule U-2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935. In support of such claim for exemption the following information is submitted: 1. Name, State of Organization, location and business of Claimant and every subsidiary: Claimant - Portland General Corporation, Oregon, Portland, Oregon, holding company Subsidiaries - Portland General Electric Company, Oregon, Portland, Oregon, electric utility 121 S.W. Salmon St. Corporation, Oregon, Portland, Oregon, leases PGE headquarters World Trade Center Northwest Corporation, Oregon, Portland, Oregon, development of World Trade Center complex in Portland, Oregon Portland General Energy Systems, Inc., Oregon, Portland, Oregon, installation and maintenance of electrical equipment Portland General Holdings, Inc., Oregon, Portland, Oregon, holds stock in companies with interests in real estate development, leasing, investments, energy services and power brokering, and independent power production PLC-Kalamazoo, Inc., Oregon, Portland, Oregon, development, acquisition and operation of co-generation and independent power projects, presently carries on no business 1 of 10 1 Columbia-Willamette Development Company, Oregon, Portland, Oregon, real estate development FFP, Inc., Oregon, Portland, Oregon, real estate development CWDC Resources, Inc., (formally Spring Ridge at Charbonneau, Inc.), Oregon, Portland, Oregon, real estate development Cornerstone Seattle Joint Venture, Washington, Seattle, Washington, real estate development Columbia Willamette Leasing, Inc., Oregon, Portland, Oregon, equipment leasing Rail Leasing Inc., Oregon, Portland, Oregon, equipment leasing Columbia Willamette Investment Company, Oregon, Portland, Oregon, investments Tule Hub Services Company, Oregon, Portland, Oregon, electric hub services Bonneville Pacific Corporation, Delaware, Salt Lake City, Utah, co-generation and independent power producer* Bonneville Foods Corporation, Utah, Salt Lake City, Utah, growing packaging and processing of vegetables Alpac Foods, Inc., California, Santa Maria, California, processing and packaging vegetables Food Marketers, Inc., California, Santa Maria, California, sales and marketing - food processing industry Bonneville Floral and Garden Products, Inc., Utah, Salt Lake City, Utah, growing and marketing flowers and houseplants Bonneville Fuels Corporation, Colorado, Denver, Colorado, owner, developer and shipper of natural gas Colorado Gathering Corporation, Utah, Salt Lake City, Utah, owner, developer and shipper of natural gas 2 of 10 2 Bonneville Fuels Marketing Corporation, Utah, Salt Lake City, Utah, owner, developer and shipper of natural gas Bonneville McKenzie Energy Corporation, Ontario, Toronto, Ontario, Canada, co-generation and independent power producer Bonneville Pacific Services Company, Inc., Idaho, Twin Falls, Idaho, operator of power generation projects Bonneville-West Corporation, Utah, Salt Lake City, Utah, co-generation and independent power producer Bonneville Nevada Corporation, Nevada, Salt Lake City, Utah, co-generation and independent power producer Bonneville Wind Corporation, Utah, Salt Lake City, Utah, co-generation and independent power producer Cogeneration Technology and Development Company, Colorado, Denver, Colorado, co-generation and independent power producer Marport Development Corporation, California, Salt Lake City, Utah, co-generation and independent power producer Willimantic Power Corporation, Connecticut, Salt Lake City, Utah, co-generation and independent power producer Watsonville Cogen Corp., California, Watsonville, California, co- generation and independent power producer California Industrial Cogeneration, California, Watsonville, California, co-generation and independent power producer Bonneville Pacific-Island Park Corporation, Utah, Salt Lake City, Utah, co-generation and independent power producer Fulcrum, Inc., Idaho, Twin Falls, Idaho, co-generation and independent power producer 3 of 10 3 Recomp Inc., Delaware, Salt Lake City, Utah, waste processing Recomp of Minnesota, (formerly St. Cloud Transfer and Recycling Corporation), Minnesota, St. Cloud, Minnesota, waste processing Super Cycle, Inc., Minnesota, St. Paul, Minnesota, waste processing Recomp of Washington, Inc. (formerly Thermal Reduction Corporation, Inc.), Washington, Ferndale, Washington, waste processing Bio-Technology, Inc., Wisconsin, Brokaw, Wisconsin, waste processing Nature's Blend Compost Company, Utah, Salt Lake City, Utah, waste processing Stillaguamish River Hydro, Inc., Washington, Salt Lake City, Utah, co-generation and independent power producer Sauk River Hydro, Inc., Washington, Salt Lake City, Utah, co-generation and independent power producer Skykomish River Hydro, Inc., Washington, Salt Lake City, Utah, co-generation and independent power producer Baker Power Company, Nevada, Salt Lake City, Utah, co-generation and independent power producer Bonneville - Yuma Corporation, Utah, Salt Lake City, Utah, co-generation and independent power producer Honolii Power Company, Inc., Hawaii, Honolulu, Hawaii, co-generation and independent power producer Bonneville Pacific Capital Corporation, Utah, Salt Lake City, Utah, co-generation and independent power producer Bonneville Vermont Corporation, Utah, Salt Lake City, Utah, co- generation and independent power producer 4 of 10 4 Sheldon Pacific Corporation, Utah, Salt Lake City, Utah, co-generation and independent power producer Bonneville Las Vegas Corporation, Utah, Salt Lake City, Utah, co- generation and independent power producer Bonneville General Corporation, Utah, Salt Lake City, Utah, co- generation and independent power producer Bonneville Springfield Corporation, Utah, Salt Lake City, Utah, co- generation and independent power producer Bonneville Antioch Corporation, Utah, Salt Lake City, Utah, co- generation and independent power producer Hawaii Power Company, Utah, Salt Lake City, Utah, co-generation and independent power producer B2C Energy Group, Inc., Hawaii, Honolulu, Hawaii, co-generation and independent power producer East-West Wailua-iki Power Company, Inc., Hawaii, Honolulu, Hawaii, co- generation and independent power producer Watsonville Cogeneration Partnership, California, Watsonville, California, co- generation and independent power producer BP Hydro Associates, Idaho, Salt Lake City, Utah, co-generation and independent power producer BP Holdings, Inc., Idaho, Twin Falls, Idaho, co-generation and independent power producer BP Cogen, Inc., Idaho, Twin Falls, Idaho, co-generation and independent power producer Lehi Cogeneration Inc., Utah, Salt Lake City, Utah, co- generation and independent power producer Bonneville Wind Energy Technology Associates, L.P., California, Newport Beach, California, co- generation and independent power producer 5 of 10 5 Island Park Hydropower Limited Partnership, Idaho, Salt Lake City, Utah, co-generation and independent power producer Bonn-Tech Partnership, Idaho, Salt Lake City, Utah, co-generation and independent power producer Mammoth Lakes Limited Partnership, Utah, Salt Lake City, Utah, co- generation and independent power producer Ryegate Associates, Utah, Salt Lake City, Utah, co-generation and independent power producer Ryegate Wood Energy Company, Delaware, Salt Lake City, Utah, co-generation and independent power producer BP Hydro Finance Partnership, Utah, Salt Lake City, Utah, co-generation and independent power producer Nevada Cogeneration Associates #1, Utah, Salt Lake City, Utah, co- generation and independent power producer Nevada Cogeneration Associates #2, Utah, Salt Lake City, Utah, co- generation and independent power producer Bonneville Springfield Associates, Utah, Salt Lake City, Utah, co- generation and independent power producer Bonneville Antioch Limited Partnership, California, Salt Lake City, Utah, co-generation and independent power producer The following companies were dissolved in 1994. Coyote Springs Corporation, Oregon, Portland, Oregon, development, acquisition and operation of co- generation and independent power projects, presently carries on no business Portland General Financial Services, Inc., Oregon, Portland, Oregon, leasing services * Bonneville Pacific Corporation ("BPCO") has filed for protection under Chapter 11 of the federal Bankruptcy Code. As the debtor in possession, BPCO may sell or otherwise transfer ownership of one or more of its subsidiaries. Although Portland General Holdings, Inc. is a shareholder and creditor of BPCO and monitors the Bankruptcy proceeding, it is not a member of the Creditors Committee or otherwise involved in the operations of BPCO and, therefore, does not know of the present 6 of 10 6 ownership status of the BPCO subsidiaries. The above listing reflects the information available to Portland General Corporation as of December 31, 1992. 2. A brief description of properties of Claimant and each subsidiary public utility used for generation, transmission and distribution of electric energy for sale, including location of principal generating plants, transmission lines and distribution facilities: Claimant - Portland General Corporation has no properties other than the stock of its subsidiaries and an immaterial amount of office equipment and furniture. Its only public utility subsidiary is Portland General Electric Company ("PGE"). Public Utility Subsidiary - PGE is engaged in the generation, purchase, transmission, distribution and sale of electric energy in Oregon. PGE has a 321 MW ownership interest in generating plants in Washington (1 plant) and Montana (2 plants), comprising approximately 17% of its total generating capacity. PGE sells electric energy at wholesale in interstate commerce to electric utilities located in other states, primarily California. PGE purchases electric energy from public utility districts located in the State of Washington and from nonassociated utilities in Oregon, Washington, Montana, Idaho, Arizona, New Mexico, California and Canada. PGE purchases surplus electric energy from the Bonneville Power Administration ("BPA"), a federal agency that markets electric energy generated by federal hydroelectric dams located on the Columbia River in Oregon and Washington. PGE owns wholly or jointly the following generating facilities:
Net Percent of Capability Company's Name Location (MW) Interest Fuel Sullivan West Linn, OR 16 100.0 Hydro Faraday Estacada, OR 43 100.0 Hydro River Mill Estacada, OR 23 100.0 Hydro Bull Run Bull Run, OR 22 100.0 Hydro Oak Grove Three Lynx, OR 44 100.0 Hydro Pelton Madras, OR 108 100.0 Hydro North Fork Estacada, OR 54 100.0 Hydro Round Butte Madras, OR 300 100.0 Hydro Centralia Centralia, WA 1,310 2.5 Coal Bethel Salem, OR 116 100.0 Gas or Oil Beaver Clatskanie, OR 534 100.0 Gas or Oil Boardman Boardman, OR 508 65.0 Coal Colstrip 3&4 Colstrip, MT 1,440 20.0 Coal
7 of 10 7 PGE's electric distribution system is located within its service territory in Oregon. PGE serves an area of 3,170 square miles, including 54 cities, in parts of eight counties. PGE has transmission lines for the delivery of electricity from its plants located in Oregon to its service territory or to the Northwest grid. Electric energy from the plants located in other states is delivered to PGE over the Northwest grid. PGE owns 20% of the Pacific Northwest Intertie, a 4,800 MW transmission facility between John Day, in Northern Oregon, and Malin, in Southern Oregon near the California border. This line is used primarily for interstate sales and purchases of electric energy among BPA, utilities in the Pacific Northwest, including PGE, and California utilities. PGE has a 90% ownership interest in a 20 inch diameter natural gas pipeline that runs approximately 18 miles from its Beaver generating plant, located in Clatskanie, Oregon, to Cowlitz County Washington where it interconnects with the interstate gas distribution system of Northwest Pipeline Company. 3. Information for calendar year 1994 with respect to Claimant and its utility subsidiaries: (a) Number of kWh of electric energy sold at retail and wholesale - retail: 16,802,254,000 kWh wholesale: 2,700,670,000 kWh (b) Number of kWh of electric energy distributed at retail outside state in which each Company is organized - none (c) Number of kWh of electric energy sold at wholesale outside the state in which each Company is organized - 2,011,853,000 kWh - Delivery of electric energy is primarily at the Malin substation in Southern Oregon with ultimate use in California. (d) Number of kWh of electric energy purchased outside the state in which each Company is organized or at the state line PGE purchased electric energy from certain nonassociated utilities, municipalities and other public authorities, such as BPA and public utility districts, which are either located in or have generation facilities located in states other than Oregon, and from British Columbia Hydro: 9,665,472,000 kWh - Delivery of electric energy is through BPA transmission lines to PGE interconnections in Oregon. 8 of 10 8 4. Information for calendar year 1994 with respect to Claimant and each interest it holds directly or indirectly in an EWG or a foreign utility company, stating monetary amounts in United States dollars: (a) Name, location, business address and description of the facilities used by the EWG or foreign utility company for the generation, transmission and distribution of electric energy for sale or for the distribution at retail of natural or manufactured gas. None. (b) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest held. None. (c) Type and amount of capital invested, directly or indirectly, by the holding company claiming exemption; any direct or indirect guarantee of the security of the EWG or foreign utility company by the holding company claiming exemption; and any debt or other financial obligation for which there is recourse, directly or indirectly, to the holding company claiming exemption or another system company, other than the EWG or foreign utility company. None. (d) Capitalization and earnings of the EWG or foreign utility company during the reporting period. None. (e) Identify any service, sales or construction contract(s) between EWG or foreign utility company and a system company, and describe the services to be rendered or goods sold and fees or revenues under such agreement(s). N/A 9 of 10 9 EXHIBIT A A consolidating statement of income and surplus of the claimant and its subsidiary companies for the last calendar year, together with a consolidating balance sheet of claimant and its subsidiary companies as of the close of such calendar year will be filed under Form U-A before April 30, 1995, after the filing of Form 10-K. The above-named Claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 28th day of February 1995. Portland General Corporation By /s/ Joseph M. Hirko Joseph M. Hirko Vice President Finance, Chief Financial Officer, Chief Accounting Officer and Treasurer Corporate Seal Attest: /s/ Steven F. McCarrel Steven F. McCarrel Assistant Secretary Name, title and address of officer to whom notices and correspondence concerning this statement should be addressed: Steven F. McCarrel Assistant Secretary 121 S.W. Salmon Street Portland, Oregon 97204 10 of 10 10 -----END PRIVACY-ENHANCED MESSAGE-----