[Federal Register Volume 65, Number 120 (Wednesday, June 21, 2000)]
[Notices]
[Pages 38613-38614]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-15621]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-27187]


Filings Under the Public Utility Holding Company Act of 1935, as 
Amended (``Act'')

June 14, 2000.
    Notice is hereby given that the following filing(s) has/have been 
made with the Commission pursuant to provisions of the Act and rules 
promulgated under the Act. All interested persons are referred to the 
application(s) and/or declaration(s) for complete statements of the 
proposed transaction(s) summarized below. The application(s) and/or 
declaration(s) and any amendment(s) is/are available for public 
inspection through the Commission's Branch of Public Reference.
    Interested persons wishing to comment or request a hearing on the 
application(s) and/or declaration(s) should submit their views in 
writing by July 5, 2000, to the Secretary, Securities and Exchange 
Commission, Washington, DC 20549-0609, and serve a copy on the relevant 
applicant(s) and/or declarant(s) at the address(es) specified below. 
Proof of service (by affidavit or, in the case of an attorney at law, 
by certificate) should be filed with the request. Any request for 
hearing should identify specifically the issues of facts or law that 
are disputed. A person who so requests will be notified of any hearing, 
if ordered, and will receive a copy of any notice or order issued in 
the matter. After July 5, 2000, the application(s) and/or 
declaration(s), as filed or as amended, may be granted and/or permitted 
to become effective.

Entergy Corporation et al. (70-9667)

    Entergy Corporation (``Entergy''), a registered holding company, 
located at 639 Loyola Avenue, New Orleans, Louisiana 70113, and four of 
its wholly owned public utility subsidiaries (``Entergy Operating 
Companies''), Entergy Arkansas, Inc., located at 425 West Capitol 
Avenue, 40th Floor, Little Rock Arkansas 72201, Entergy Gulf States, 
Inc., located at 350 Pine Street, Beaumont, Texas 77701, Entergy 
Louisiana, Inc., located at 639 Loyola Avenue, New Orleans, Louisiana 
70113, and Entergy Mississippi, Inc., located at 308 East Pearl Street, 
Jackson,

[[Page 38614]]

Mississippi 39201, have filed a declaration under section 12(d) of the 
Act and rules 44(b) and 54 under the Act.
    Entergy and the Entergy Operating Companies request authorization 
through December 31, 2004, to transfer, without further Commission 
approval, up to $40,000,000 per year of utility assets in the 
aggregate, or no more than $12,000,000 per individual Entergy Operating 
Company per year. The assets that Entergy and the Entergy Operating 
Companies wish to transfer include substations and transmission and 
distribution lines or other utility assets presently dedicated to 
serving customers. The application states that the consideration for 
any transfers will be no less than the net book value of the assets 
being sold. In the case of a lease of utility assets, the lease 
payments will be valued using a discount factor equal to the selling 
company's allowed rate of return at the time of entering into the lease 
and counted against the exemption amount in the initial year of the 
lease.

    For the Commission by the Division of Investment Management, 
under delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 00-15621 Filed 6-20-00; 8:45 am]
BILLING CODE 8010-01-M