Federal Register / Vol. 60, No. 92 / Friday, May 12, 1995 / Notices 25755

of a merger into DRI or a consolidated

subsidiary of DRI. DRI and its whollyowned subsidiaries bore all the

expenses of applicant.

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–11706 Filed 5–11–95; 8:45 am]

BILLING CODE 8010–01–M

[File No. 1–9751]

Issuer Delisting; Notice of Application

To Withdraw From Listing and

Registration; (Champion Enterprises,

Inc., Common Stock, $1.00 Par Value)

May 5, 1995.

Champion Enterprises, Inc.

(‘‘Company’’) has filed an application

with the Securities and Exchange

Commission (‘‘Commission’’), pursuant

to Section 12(d) of the Securities

Exchange Act of 1934 (‘‘Act’’) and Rule

12d2–2(d) promulgated thereunder, to

withdraw the above specified security

(‘‘Security’’) from listing and

registration on the American Stock

Exchange, Inc. (‘‘Amex’’).

The reasons alleged in the application

for withdrawing the Security from

listing and registration include the

following:

According to the Company, in

addition to being listed on the Amex,

the Security is listed on the New York

Stock Exchange, Inc. (‘‘NYSE’’). The

Security commenced trading on the

NYSE at the opening of business on May

2, 1995 and concurrently therewith the

Security was suspended from trading on

the Amex.

In making the decision to withdraw

the Security from listing on the Amex,

the Company considered the direct and

indirect costs and expenses attendant in

maintaining the dual listing of the

Security on the NYSE and the Amex.

The Company does not see any

particular advantage in the dual trading

of the Security and believes that dual

listing would fragment the market for

the Security.

Any interested person may, on or

before May 26, 1995, submit by letter to

the Secretary of the Securities and

Exchange Commission, 450 Fifth Street,

NW., Washington, D.C. 20549, facts

bearing upon whether the application

has been made in accordance with the

rules of the Amex and what terms, if

any, should be imposed by the

Commission for the protection of

investors. The Commission, based on

the information submitted to it, will

issue an order granting the application

after the date mentioned above, unless

the Commission determines to order a

hearing on the matter.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.

Jonathan G. Katz,

Secretary.

[FR Doc. 95–11707 Filed 5–11–95; 8:45 am]

BILLING CODE 8010–01–M

[File No. 1–5590]

Issuer Delisting; Notice of Application

To Withdraw From Listing and

Registration; (Fluke Corporation,

Common Stock, $.25 Par Value;

Common Stock Purchase Rights With

Respect to Common Stock, $.25 Par

Value)

May 5, 1995.

Fluke Corporation (‘‘Company’’) has

filed an application with the Securities

and Exchange Commission

(‘‘Commission’’), pursuant to Section

12(d) of the Securities Exchange Act of

1934 (‘‘Act’’) and Rule 12d2–2(d)

promulgated thereunder, to withdraw

the above specified securities

(‘‘Securities’’) from listing and

registration on the American Stock

Exchange, Inc. (‘‘Amex’’) and Pacific

Stock Exchange Incorporated (‘‘PSE’’).

The reasons alleged in the application

for withdrawing the Securities from

listing and registration include the

following:

According to the Company, in

addition to being listed on the Amex

and PSE, the Securities are listed on the

New York Stock Exchange, Inc.

(‘‘NYSE’’). The Securities commenced

trading on the NYSE at the opening of

business on April 10, 1995 and

concurrently therewith the Securities

were suspended from trading on the

Amex and PSE.

In making the decision to withdraw

the Securities from listing on the Amex

and PSE, the Company considered the

direct and indirect costs and expenses

attendant in maintaining the listing on

such exchanges in addition to the listing

on the NYSE. The Company does not

see any significant advantage in the

trading of the Securities on three

exchanges and believes that such

additional listings would cause

confusion and fragment the market for

the Securities.

Any interested person may, on or

before May 26, 1995 submit by letter to

the Secretary of the Securities and

Exchange Commission, 450 Fifth Street,

N.W., Washington, D.C. 20549, facts

bearing upon whether the application

has been made in accordance with the

rules of the exchanges and what terms,

if any, should be imposed by the

Commission for the protection of

investors. The Commission, based on

the information submitted to it, will

issue an order granting the application

after the date mentioned above, unless

the Commission determines to order a

hearing on the matter.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.

Jonathan G. Katz,

Secretary.

[FR Doc. 95–11709 Filed 5–11–95; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 35–26286]

Filings Under the Public Utility Holding

Company Act of 1935, as Amended

(‘‘Act’’)

May 5, 1995.

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 thereunder. 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 amendments thereto is/are available

for public inspection through the

Commission’s Office 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

May 30, 1995, to the Secretary,

Securities and Exchange Commission,

Washington, D.C. 20549, 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 case of an attorney at law, by

certificate) should be filed with the

request. Any request for hearing shall

identify specifically the issues of fact 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 said date, the application(s) and/

or declaration(s), as filed or as amended,

may be granted and/or permitted to

become effective.

New England Electric System (70–7732)

New England Electric System

(‘‘NEES’’), 25 Research Drive,

Westborough, Massachusetts 01582, a

registered holding company, has filed a

post-effective amendment to its

application-declaration under Sections
25756 Federal Register / Vol. 60, No. 92 / Friday, May 12, 1995 / Notices

6(a), 7, 9(a), 10, 12(c) and 12(e) of the

Act (‘‘Act’’) and Rule 42 thereunder.

By prior Commission orders in this

matter, dated March 8, 1990 and January

25, 1991 (HCAR Nos. 25051 and 25247.

respectively), NEES was authorized to

solicit proxies from its shareholders for

approval of its New England Electric

Companies’ Incentive Share Plan

(‘‘Plan’’). NEES was further authorized

from time-to-time through May 1, 1995,

to issue and sell an aggregate of up to

500,000 authorized but unissued

common shares, $1 par value, to the

Plan or, in the alternative, to purchase

all of such shares for the Plan or, in the

alternative, to purchase all of such

shares for the Plan in the open market.

The prices of NEES common shares

purchased by the Plan is based upon the

average of the high and low prices of

NEES common shares on the New York

Stock Exchange-Composite Transactions

as reported in The Wall Street Journal

for five consecutive trading days.

The proceeds from the continued sale

of the common shares by NEES will be

added to the general funds of NEES and

be used for any or all of the following

purposes: (1) Investment in NEES’s

subsidiaries; (2) payment of

indebtedness of NEES; or (3) general

purposes of NEES.

Through March 31, 1995, NEES

issued 41,363 shares under the Plan

leaving a remaining balance of 458,637

shares. NEES now proposes to issue and

sell or acquire and sell the remaining

shares under the Plan, through

December 31, 1997.

Entergy Corporation (70–8509)

Entergy Corporation (‘‘Entergy’’), 639

Loyola Avenue, New Orleans, Louisiana

70113, a registered holding company,

and its nonutility subsidiary company,

Entergy Enterprises, Inc.,

(‘‘Enterprises’’), Three Financial Centre,

900 South Shackleford Road, Suite 210,

Little Rock, Arkansas 72211, and

Enterprises’ nonutility subsidiary

company, Entergy Systems and Service,

Inc. (‘‘Entergy SASI’’), 4740 Shelby

Drive, Suite 103, Memphis, Tennessee

38118, (collectively, ‘‘Applicants’’),

have filed an amendment to their

application-declaration under sections

6(a), 7, 9(a), 10 and 12(b) of the Act and

rules 45 and 54 thereunder.

The Applicants originally filed this

matter on October 28, 1994 and the

Commission issued a notice of the filing

of the application-declaration on

November 18, 1994 (HCAR No. 26163)

(‘‘Initial Proposal’’). On December 12,

1994, the City of New Orleans,

Louisiana intervened in this matter

filing comments and requesting a

hearing. Subsequently, on April 25,

1995, the Applicants amended and

restated the entire description of their

proposed transactions.

Pursuant to Commission order dated

December 28, 1992 (HCAR No. 25718),

Entergy SASI was organized as a wholly

owned subsidiary of Enterprises that

would provide energy management

services to commercial, industrial and

institutional customers. Such order

authorized Entergy SASI to provide

energy management services, without

limitation, to customers within a region

consisting of the states of Arkansas,

Louisiana and Mississippi; and the

service territories of utilities from which

the Entergy system could expect to

purchase economy, replacement and

emergency energy (‘‘Base Region’’). The

order also permitted Entergy SASI to

solicit and serve customers outside the

Base Region to a limited extent, subject

to the condition that at least 50% of

Entergy SASI’s annual revenues be

derived from its activities within the

Base Region (‘‘50% Revenue

Restriction’’).

The Applicants now seek additional

authorization for Entergy SASI to

provide consulting services related to

energy management and demand-side

management (‘‘DSM’’) activities on a

world-wide basis. The consulting

services would generally be limited to

the rendering of advice, expertise and

management/technical services for a

consulting fee in order to assist energy

customers, utilities, federal, state and

foreign government entities and other

customers with energy management

and/or DSM activities in cases where

Entergy SASI is not directly involved in

the performance of such energy

management and/or DSM services.

Specifically, Entergy SASI’s

consulting services would include the

following: (1) Development and review

of architectural, structural and

engineering drawings for energy and

other resource efficiency; (2) design and

specification of energy consuming or

conservation equipment, controls and

systems; (3) design and marketing of

intellectual property relating to energy

management services; (4) general

technical advice concerning the use,

benefits, planning and/or administration

of energy management and/or DSM

programs; and (5) general management

advice and services relating to the

implementation of functions, practices

and procedures incidental to the

conduct of the energy management

services business and/or DSM programs.

Entergy SASI requests consulting

services without regard to the 50%

Revenue Restriction.

In addition, Entergy SASI proposes to

provide funding to other energy

management and DSM contractors to

enable them to carry out energy

conservation measures. Although the

precise terms of such funding

arrangements will not be determined

until the time of the applicable

transactions, it is anticipated that

Entergy SASI will be repaid through

assignments of a portion of the monthly

fees paid by customers under contracts

relating to the installation of energy

conservation measures. The Applicants

state that the proposed funding

arrangements will not involve the

acquisition by Entergy SASI of any

promissory notes.

Finally, the Applicants request

authorization for: (1) Entergy to make

additional investments in Enterprises of

up to an aggregate amount of $150

million from time-to-time through

December 31, 1997, with such

investments to be made through any

combination of purchases of

Enterprises’ common stock and/or

capital contributions; (2) Enterprises to

use the proceeds of such transactions to

make additional investments in Entergy

SASI in the form of equity investments

and/or loans of up to $150 million from

time-to-time through December 31,

1997; and (3) Entergy SASI to issue and

sell to nonaffiliated third parties during

the same period up to $150 million of

commercial paper, promissory notes

and/or other debt securities, secured or

unsecured (collectively, ‘‘Debt

Securities’’).

It is proposed that the proceeds

derived from Enterprises’ investments,

as well as any third party financing, be

used by Entergy SASI for the following

purposes: (1) To repay its existing

indebtedness under notes issued to

Entergy; (2) to provide financing for

customer contracts and funding for the

implementation of energy conservation

measures by other energy management

and DSM contractors; and (3) to provide

Entergy SASI with necessary working

capital in connection with its ongoing

energy management, consulting and

other authorized businesses, as well as

to pay for general and administrative

expenses and to provide for Entergy

SASI’s other capital needs.

Any loans made by Enterprises to

Entergy SASI would be evidenced by

promissory notes bearing an interest rate

to be determined at the time of

borrowing, but in no event greater than

the then prevailing prime rate as

reported by The Wall Street Journal, and

maturing no later than ten years from

the date of borrowing. When Debt

Securities issued to nonaffiliates are

involved, the yield to maturity of such

Debt Securities would not exceed the

then current yield to maturity on U.S.
Federal Register / Vol. 60, No. 92 / Friday, May 12, 1995 / Notices 25757

Treasury securities of comparable

maturities (subject to straight line

interpolation when there is no

comparable U.S. Treasury security),

plus 400 basis points, and no Debt

Securities would be issued for a term of

greater than thirty years. Any notes

issued by Entergy SASI to Enterprises

may, at the option of Enterprises, be

converted to capital contributions to

Entergy SASI by the forgiveness of the

underlying debt.

The amended proposal differs from

the Initial Proposal in two material

respects. First, under the new proposal,

Entergy SASI would not be subject to

the 50% Revenue Restriction, while

engaging in its original energy

management business beyond its Base

Region. Secondly, instead of $100

million, Entergy SASI could issue Debt

Securities and Entergy could make

additional investments in Entergy SASI,

through Enterprises, in the form of

equity investments and/or loans of up to

an aggregate amount of $150 million,

through December 31, 1997.

Granite State Electric Company (70–

8625)

Granite State Electric Company

(‘‘Granite’’), 407 Miracle Mile, Suite 1,

Lebanon, New Hampshire, an electric

utility subsidiary company of New

England Electric System, a registered

holding company, has filed a

declaration under Section 6(a) and 7 of

the Act and Rule 54 thereunder.

Granite proposes to issue and sell, on

or before December 31, 1995, one or

more long-term notes in an aggregate

principal amount not to exceed $5

million (‘‘Note’’). Each Note would be

issued pursuant to a note agreement

(‘‘Note Agreement’’), the specific terms

of which will be negotiated with a

purchaser. Granite expects that each

Note will have a maturity date not to

exceed 30 years and will bear interest at

a fixed rate not to exceed 11%. The Note

Agreement may provide for a sinking

fund and limitations on callability or

refundability, depending on market

conditions. Granite proposes that the

Notes will be redeemable at any time at

its option, upon reasonable notice, at

the then outstanding principal amount

plus accrued interest and redemption

premium, and may include a yield to

maturity premium. Granite may elect

not to include a dividend limitation for

the Notes.

The proceeds from the issuance and

sale of the Notes will be applied by

Granite to the payment of short-term

borrowings, or to the cost of, or the

reimbursement of the treasury for, the

retirement of outstanding notes, capital

additions and improvements to the

plant and property of Granite, or other

capital expenditures.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–11705 Filed 5–11–95; 8:45 am]

BILLING CODE 8010–01–M

[File No. 1–6407]

Issuer Delisting; Notice of Application

To Withdraw From Listing and

Registration; (Southern Union

Company, Common Stock, $1.00 Par

Value)

May 5, 1995.

The Southern Union Company

(‘‘Company’’) has filed an application

with the Securities and Exchange

Commission (‘‘Commission’’), pursuant

to Section 12(d) of the Securities

Exchange Act of 1934 (‘‘Act’’) and Rule

12d2-2(d) promulgated thereunder, to

withdraw the above specified security

(‘‘Security’’) from listing and

registration on the American Stock

Exchange, Inc. (‘‘Amex’’).

The reasons alleged in the application

for withdrawing the Security from

listing and registration include the

following:

According to the Company, in

addition to being listed on the Amex,

the Security is listed on the New York

Stock Exchange, Inc. (‘‘NYSE’’). The

Security commenced trading on the

NYSE at the opening of business on

February 27, 1995, and concurrently

therewith the Security was suspended

from trading on the Amex.

According to the Company, its Board

of Directors determined that listing on

the NYSE would benefit both the

Company, its shareholders and its

utility customers by broadening the

potential investment audience and

providing greater liquidity for the

Security.

In making the decision to withdraw

the Security from listing on the Amex,

the Company considered the direct and

indirect costs and expenses attendant in

maintaining the dual listing of the

Security on the NYSE and on the Amex.

The Company does not see any

particular advantage in the dual trading

of the Security and believes that dual

listing would fragment the market.

Any interested person may, on or

before May 26, 1995, submit by letter to

the Secretary of the Securities and

Exchange Commission, 450 Fifth Street,

NW., Washington, DC 20549, facts

bearing upon whether the application

has been made in accordance with the

rules of the exchanges and what terms,

if any, should be imposed by the

Commission for the protection of

investors. The Commission, based on

the information submitted to it, will

issue an order granting the application

after the date mentioned above, unless

the Commission determines to order a

hearing on the matter.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.

Jonathan G. Katz,

Secretary.

[FR Doc. 95–11708 Filed 5–11–95; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

Vermont District Advisory Council

Meeting; Public Meeting

The U.S. Small Business

Administration Vermont District

Advisory Council will hold a public

meeting on Monday, May 15, 1995 at

10:00 a.m. at the EastSide Restaurant, 25

Lake Street, Newport, Vermont to

discuss matters as may be presented by

members, staff of the U.S. Small

Business Administration, or others

present.

For further information, write or call

Mr. Kenneth A. Silvia, District Director,

U.S. Small Business Administration,

Federal Building, 87 State Street, P.O.

Box 605, Montpelier, Vermont 05601

(802) 828–4422.

Dated: May 8, 1995.

Dorothy A. Overal,

Director, Office of Advisory Council.

[FR Doc. 95–11778 Filed 5–11–95; 8:45 am]

BILLING CODE 8025–01–M

SOCIAL SECURITY ADMINISTRATION

Agency Forms Submitted to the Office

of Management and Budget for

Clearance

Normally on Fridays, the Social

Security Administration publishes a list

of information collection packages that

have been submitted to the Office of

Management and Budget (OMB) for

clearance in compliance with P.L. 96–

511, The Paperwork Reduction Act. The

following clearance packages have been

submitted to OMB since the last list was

published in the Federal Register on

April 21, 1995.

(Call Reports Clearance Officer on (410)

965–4142 for copies of package.)

1. Disability Hearing Officer’s Report

of Disability Hearing—0960–0507. The

information on form SSA–1204 is used