Federal Register / Vol. 65, No. 211 / Tuesday, October 31, 2000 / Notices 65033

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 35–27260]

Filings Under the Public Utility Holding

Company Act of 1935, as Amended

(‘‘Act’’)

October 24, 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

November 20, 2000, to the Secretary,

Securities and Exchange Commission,

Washington, D.C. 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 November 20, 2000, the

application(s) and/or declaration(s), as

filed or as amended, may be granted

and/or permitted to become effective.

GPU, Inc., et al. (70–7727)

GPU, Inc. (‘‘GPU’’), a registered

holding company located at 300

Madison Avenue, Morristown, New

Jersey 07960, GPU International, Inc.

(‘‘GPUI’’), a non-utility subsidiary of

GPU, and its nonutility subsidiaries

Elmwood Energy Corporation, Geddes II

Corporation, Geddes Cogeneration

Corporation, EI Selkirk, Inc., EI Canada

Holding Limited, EI Services Canada

Limited, EI Brooklyn Power Limited,

NCP Energy, Inc., NCP Lake Power Inc.,

NCP Gem, Inc., Lake Investment, L.P.,

NCP Pasco, Inc., NCP Dade Power, Inc.,

Dade Investment, L.P., NCP Houston

Power, Inc., NCP Perry Inc., NCP New

York Inc., GPU Generation Services—

Pasco, Inc., GPU Generation Services—

Lake, Inc., GPUI Lake Holdings, Inc., EI

Fuels Corporation, EI Services, Inc.,

NCP Ada Power, Inc., NCP Commerce

Power, Inc., Umatilla Groves, Inc., NCP

Brooklyn Power, Inc., Armstrong Energy

Corporation, GPU Power, Inc.,

Guaracachi America, Inc., EI

Barranquilla, Inc., Barranquilla Lease

Holdings, Inc., EI International, Los

Amigos Leasing Company, Ltd., GPUI

Colombia, Ltda., International Power

Advisors, Inc., Hanover Energy

Corporation, Austin Cogeneration

Corporation, Austin Cogeneration

Partners, L.P., GPU Power Philippines,

GPU International Asia, Inc., GPU

Power Ireland, Inc., EI Brooklyn

Investments Limited, and GPU

Mississippi Energy, Inc., all located at

One Upper Pond Road, Parsippany,

New Jersey 07054, have filed a posteffective amendment under sections

6(a), 7, 12(b), 32, and 33 of the Act and

rule 45(a) under the Act to a previously

filed application-declaration.

By orders dated November 16, 1995

(HCAR No. 26409), June 14, 1995

(HCAR No. 26307), December 28, 1994

(HCAR 26205), September 12, 1994

(HCAR No. 26123), December 18, 1992

(HCAR No. 25715), and June 26, 1990

(HCAR No. 25108) (collectively, ‘‘Prior

Orders’’), GPUI is authorized to engage

in preliminary project development and

administrative activities (‘‘Project

Activities’’) for its investments in

qualifying facilities, exempt wholesale

generators (‘‘EWGs’’), and foreign utility

companies (‘‘FUCOs’’). Under the terms

of the Prior Orders, GPU is authorized

to provide guarantees and other forms of

credit support in connection with the

obligations of GPUI or its subsidiaries,

guarantee the securities and other

obligations of EWGs and FUCOs, and

assume the liabilities of these entities

(collectively, ‘‘GPU Authority’’). The

GPU Authority is for an aggregate

amount of up to $500 million.

By order dated December 22, 1997

(HCAR No. 26802) (‘‘1997 Order’’),

GPUI is authorized to provide

guarantees and assume liabilities of

EWGs and FUCOs (collectively, ‘‘GPUI

Authority’’) in an aggregate amount of

up to $150 million (‘‘GPUI Limit’’). In

addition, GPUI subsidiaries that are not

EWGs or FUCOs are authorized, under

the terms of the 1997 Order, to

guarantee obligations of their direct or

indirect subsidiaries (‘‘GPUI

Subsidiaries’ Authority’’). The GPUI

Authority and the GPUI Subsidiaries’

Authority are for guarantees and other

credit support arrangements not exempt

under rules 45 and 52 under the Act,

and the GPUI Subsidiaries’ Authority is

subject to the GPUI Limit.

The GPU Authority, GPUI Authority,

and GPUI Subsidiaries’ Authority

(collectively, ‘‘Previous

Authorizations’’) expire on December

31, 2000. Applicants request that the

Commission extend the duration of the

Previous Authorizations through June

30, 2004.

American Electric Power Co., et al. (70–

8205)

American Electric Power Company,

Inc. (‘‘AEP’’), a registered holding

company, Central and South West

Corporation (‘‘CSW’’), a registered

holding company that is a wholly

owned subsidiary of AEP, and CSW

Energy, Inc. (‘‘CSW Energy’’), a wholly

owned non-utility subsidiary of CSW,

all located at 1 Riverside Plaza,

Columbus, Ohio 43215, have filed a

post-effective amendment to their

application under section 12(b) of the

Act and rule 45(a) under the Act.

By order dated November 28, 1995

(HCAR No. 26416), the Commission

authorized CSW and CSW Energy to

issue letters of credit, bid bonds or

guarantees (collectively, ‘‘Guarantees’’)

in connection with the development of

qualifying cogeneration facilities,

qualifying small power production

facilities and independent power

facilities (‘‘Facilities’’), including

exempt wholesale generators as defined

in section 32(e) of the Act, in an

aggregate amount not to exceed $75

million (‘‘Guarantee Limit’’).

Applicants now request authority to

issue Guarantees through March 31,

2006 in amounts that would not, in the

aggregate, exceed the Guarantee Limit.

Applicants state that this expanded

authority is necessary to enable AEP,

CSW, CSW Energy and other AEP

subsidiaries to continue and to diversify

the development program with respect

to Facilities.

GPU, Inc., et al. (70–8593)

GPU, Inc. (‘‘GPU’’), a registered

holding company, its nonutility

subsidiaries GPU Service, Inc., GPU

Capital, Inc., GPU Electric, Inc., Victoria

Electric Holdings, Inc., El UK Holdings,

Inc., Avon Energy Partners Holdings,

Avon Energy Partners plc, GPU

Australia Holding, Inc., Austran

Holdings, Inc., VicGas Holdings, Inc.,

GPU Argentina Holdings, Inc., GPU

Argentina Services Ltd., GPU

International Australia Pty Ltd., and

GPU Brasil, Inc., all located at 300

Madison Avenue, Morristown, New

Jersey 07960; GPU’s public utility

subsidiaries, Jersey Central Power &

Light Company, Metropolitan Edison

Company, and Pennsylvania Electric

Company (collectively, ‘‘Applicants’’),

whose mailing address is P.O. Box

16001, Reading, Pennsylvania 19640;

and GPU International, Inc., El Services,

Inc., Geddes II Corporation, Geddes

Cogeneration Corporation, El Selkirk,

65034 Federal Register / Vol. 65, No. 211 / Tuesday, October 31, 2000 / Notices

1 Investments in Exempt Entities may take the

form of: guarantees of indebtedness or other

obligations of Exempt Entities; assumptions of

liability of Exempt Entities; and guarantees and

letter of credit reimbursement agreements in

support of equity contribution obligations or

otherwise in connection with project development

activities of Exempt Entities.

2 Investments in Project Parents may take the

form of cash capital contributions or open account

advances; promissory notes; guarantees of the

principal of or interest on promissory notes or other

evidence of indebtedness or obligations of a Project

Parent; undertakings to contribute equity to a

Project Parent; and assumptions of a Project

Parent’s liability.

3These guarantees include support instruments

or bank letter of credit reimbursement agreements

or similar instruments or undertakings.

1 15 U.S.C. 78s(b)(1).

2 17 CFR 240.19b–4.

3Letter from Bruce Ferguson, Associate General

Counsel, Legal & Regulatory policy, Amex, to Jack

Drogin, Assistant Director, Division of Market

Regulation, Commission, September 25, 2000

(‘‘Amendment No. 1’’). Amendment No. 1 made a

revision to the text of Amex Rule 417(c) to remove

a specific reference to the Code of Conduct of the

National Association of Securities Dealers, Inc.

(‘‘NASD’’).

Inc., El Canada Holding Limited, El

Brooklyn Power Limited, El Services

Canada Limited, NCP Houston Power,

Inc., NCP Perry, Inc., GPU Power, Inc.,

Guaracachi America, Inc., El

Barranquilla, Inc., Barranquilla Lease

Holdings, Inc., El International, Los

Amigos Leasing Company, Ltd., GPUI

Colombia, Ltda., International Power

Advisors, Inc., Hanover Energy

Corporation, Austin Cogeneration

Corporation, Austin Cogeneration

Partners, L.P., GPU Power Philippines,

GPU International Asia, Inc., and GPU

Power Ireland, Inc., all nonutility

subsidiaries of GPU, all located at One

Upper Pond Road, Parsippany, New

Jersey 07960, have filed a post-effective

amendment under sections 6(a), 7, 9(a),

10, 12, 32, and 33 of the Act and rules

43, 45, and 54 under the Act to a

previously filed declaration-application.

GPU is currently authorized by order

dated December 22, 1997 (HCAR No.

26800) (‘‘Prior Order’’) to finance

investments, through December 31,

2000 (‘‘Authorization Period’’), of up to

100% of its consolidated retained

earnings in exempt wholesale generators

and foreign utility companies

(collectively, ‘‘Exempt Entities’’),1 and

in other subsidiaries that are not Exempt

Entities, but are exclusively engaged,

directly or indirectly, in the business of

owning and holding ownership interests

in Exempt Entities and of engaging in

related project development activities

(‘‘Project Parents’’).2 The Commission

also authorized Project Parents in the

Prior Order to guarantee or assume

liabilities with respect to securities

issued by, or other obligations of, their

direct or indirect subsidiaries through

the Authorization Period,3 to the extent

these guarantees are not exempt under

rules 45 and 52 under the Act, in an

aggregate amount outstanding at any

one time not to exceed $1 billion.

Applicants seek to extend the

Authorization Period to engage in these

transactions until June 30, 2003.

For the Commission, by the Division of

Investment Management, under delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–27859 Filed 10–30–00; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

Sunshine Act Meeting

Notice is hereby given, pursuant to

the provisions of the Government in the

Sunshine Act, Pub. L. 94–409, that the

Securities and Exchange Commission

will hold the following meeting during

the week of October 30, 2000.

A closed meeting will be held on

Thursday, November 2, 2000 at 11 a.m.

Commissioners, Counsel to the

Commissioners, the Secretary to the

Commission, and recording secretaries

will attend the closed meeting. Certain

staff members who have an interest in

the matters may also be present.

The General Counsel of the

Commission, or his designee, has

certified that, in his opinion, one or

more of the exemptions set forth in 5

U.S.C. 552b(c)(4), (8), (9)(A) and (10)

and 17 CFR 200.402(a)(4), (8), (9)(A) and

(10), permit consideration for the

scheduled matters at the closed meeting.

The subject matters of the closed

meeting scheduled Thursday, November

2, 2000 will be:

• Institution and settlement of

injunctive actions; and

• Institution and settlement of

administrative proceedings of an

enforcement nature

At times, changes in Commission

priorities require alterations in the

scheduling of meeting items. For further

information and to ascertain what, if

any, mattes have been added, deleted or

postponed, please contact:

The Office of the Secretary at (202)

942–7070.

Dated: October 25, 2000.

Jonathan G. Katz,

Secretary.

[FR Doc. 00–27987 Filed 10–27–00; 11:13

am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–43468; File No. SR–Amex–

00–23]

Self Regulatory Organizations; Notice

of Filing of Proposed Rule Change by

the American Stock Exchange LLC

Relating to Member Firm Transactions

With Exchange Employees

October 20, 2000.

Pursuant to section 19(b)(1) of the

Securities Exchange Act of 1934

(‘‘Act’’),1 and Rule 19B–4 thereunder,2

notice is hereby given that on April 13,

2000, the American Stock Exchange LLC

(‘‘Amex’’ or ‘‘Exchange’’) filed with the

Securities and Exchange Commission

(‘‘Commission or SEC’’) the proposed

rule change as described in Items I, II,

and III below, which Items have been

prepared by the Exchange. On

September 25, 2000, the Amex filed

Amendment No. 1 to the proposal.3 The

Commission is publishing this notice to

solicit comments on the proposed rule

change, as amended, from interested

persons.

I. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change.

The Exchange is proposing to amend

Amex rules relating to member firm

transactions with Exchange employees.

proposed new language is italicized,

proposed deletions are in brackets.

* * * * *

Rule 416. [Accounts of Employees of

Exchange and Members]

Member Employee Transactions with

Another Member Organization

No member or member organization

shall open a cash or margin account or

execute any transaction in securities or

commodities in which an employee of

[the Exchange or of any corporate

subsidiary of the Exchange or of any]

another is directly or indirectly

interested without the prior written

consent of the employer. Where such

prior consent has been obtained,

duplicate confirmations and account

statements shall be sent to the employer.

Commentary