Federal Register / Vol. 60, No. 8 / Thursday, January 12, 1995 / Notices 3019

Margaret H. McFarland,

Deputy Secretary.

[FR Doc 95–715 Filed 1–11–95; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 35–26214]

Filings Under the Public Utility Holding

Company Act of 1935, As Amended

(‘‘Act’’)

January 6, 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

January 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.

Appalachian Power Company, et al.

(70–8503)

Appalachian Power Company

(‘‘APCo’’), 40 Franklin Road, Roanoke,

Virginia 24022, a public utility

subsidiary of American Electric Power

Company, Inc., a registered holding

company (‘‘AEP’’) and Kanawha Valley

Power Company (‘‘KVPCo’’), 1 Riverside

Plaza, Columbus, Ohio 25327, a

subsidiary of APCo, have filed an

application and declaration pursuant to

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

Act and Rule 43 thereunder.

APCo owns all of the outstanding

shares of stock of KVPCo. KVPCo owns

and operates hydroelectric power

facilities in West Virginia and sells that

power to APCo. APCo and KVPCo

propose that KVPCo merge with and

into APCo, the separate corporate

existence of KVPCo will cease, and that

APCo will be the continuing and

surviving corporation (the ‘‘Surviving

Corporation’’). As a result of such

merger, APCO will acquire all of the

assets and assume all of the liabilities of

KVPCo.

At the time of such merger, each

outstanding share of capital stock of

APCo will continue to be one

outstanding share of stock of the

Surviving Corporation and will

continue to have the same rights,

privileges and preferences as before the

Merger. Each outstanding share of

capital stock of KVPCo will be cancelled

and extinguished.

General Public Utilities Corporation, et

al. (70–8537)

General Public Utilities Corporation

(‘‘GPU’’), 100 Interpace Parkway,

Parsippany, New Jersey 07054, a

registered holding company, and Energy

Initiatives, Inc. (‘‘EI’’), One Upper Pond

Road, Parsippany, New Jersey 07054, a

non-utility subsidiary of GPU, have filed

an application-declaration under

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

Act and rules 45 and 54 thereunder.

EI proposes from time to time through

January 31, 2002 to acquire limited

partner interests in EnviroTech

Investment Fund I Limited Partnership,

a Delaware partnership, and any

successor or affiliated limited

partnership having substantially similar

investment objectives and terms (the

EnviroTech Investment Fund I Limited

Partnership and all such successor or

affiliated limited partnership’s are

herein collectively referred to as the

‘‘EnviroTech Partnership’’). The amount

of all such purchases by EI will, in the

aggregate, not exceed $10 million.

In addition, GPU proposes from time

to time through such date to make

capital contributions of up to $10

million to EI for purposes of making

such acquisitions. The interests to be

acquired by EI will in the aggregate

represent not more than 9.9% of the

limited partner interests in any

EnviroTech Partnership. The sole

general partner of the EnviroTech

Partnership (‘‘General Partner’’) will be

Advent International Limited

Partnership, a Delaware limited

partnership, of which Advent

International Corporation (‘‘AIC’’) is the

general partner. AIC is a venture capital

investment firm.

A key objective of the EnviroTech

Partnership is to make investments in

companies (each a ‘‘Portfolio

Company’’) that will contribute to the

reduction, avoidance or sequestering of

greenhouse gas emissions; help utilities

and their customers handle waste byproducts more effectively or produce or

manufacture goods or services more cost

effectively; improve the efficiency of the

production, storage, transmission, and

delivery of energy; and provide

investors with attractive opportunities

relating to the evolving utility business

climate which meet the above

objectives.

In selecting suitable investments, the

EnviroTech Partnership will focus on

the following technology sectors, among

others: alternate and renewable energy

technologies; environmental and waste

treatment technologies and services;

energy efficiency technologies,

processes and services;

electrotechnologies used in the

reduction of medical waste;

technologies and processes promoting

alternative energy for transportation;

and other technologies related to

improving the generation, transmission

and delivery of electricity.

The term of the EnviroTech

Partnership is 10 years from the date of

the partnership agreement, subject to

extension for up to two years upon

agreement of the General Partner and

limited partners holding 662⁄3% of the

combined capital contributions of all

limited partners. Subject to certain

limitations set forth in the partnership

agreement, the management, operation,

and implementation of policy of the

EnviroTech Partnership will be vested

exclusively in the General Partner.

Among other powers, the General

Partner will have discretion to invest

the partnership’s funds in accordance

with investment guidelines. The

investment guidelines may be amended

or modified only upon the affirmative

vote of limited partners representing at

least 75% of the commitments of all

limited partners.

Under the terms of the partnership

agreement the General Partner will be

paid an annual management fee equal to

21⁄2% of the total amount of the capital

commitments of the partners through

the first six years, thereafter declining

by 1⁄4 of 1% on each anniversary to

1.5% commencing on the ninth

anniversary date. In addition, the

General Partner shall be entitled to

reimbursement for all reasonable

expenses incurred in the organization of

the EnviroTech Partnership up to

$195,000, and for other third party

expenses incurred on behalf of the

EnviroTech Partnership.

All EnviroTech Partnership income

and losses (including income and losses

deemed to have been realized when

securities are distributed in kind) will

generally be allocated 80% to and
3020 Federal Register / Vol. 60, No. 8 / Thursday, January 12, 1995 / Notices

among the limited partners and 20% to

the General Partner. All cash

distributions to the partners shall be

made first to the limited partners until

such time as the limited partners shall

have received aggregate distributions

equal to the aggregate of their respective

capital contributions, and thereafter

20% to the General Partner and 80% to

the limited partners. Distributions in

kind of the securities of Portfolio

Companies that are listed on or

otherwise traded in a recognized overthe-counter or unlisted securities market

may be made at the option of the

General Partner.

The Partnership Agreement also

provides that in the event it is likely

that an investment by the EnviroTech

Partnership would cause a limited

partner (‘‘Conflicted Partner’’) to violate,

among other things, any law or

regulation, under certain circumstances

other limited partners (each, a

‘‘Purchasing Partner’’) may purchase

from the Conflicted Partner a

proportionate interest in such an

investment by delivering to the

Conflicted Partner a note in the

principal amount of the Conflicted

Partner’s capital contributions

attributable to the portion of such

interest in the investment being

purchased. Such note will be nonrecourse to the Purchasing Partner and

will bear interest at a rate equal to 200

basis points over comparable U.S.

Treasury obligations having a five year

maturity, such interest and principal

being payable only to the extent that the

Purchasing Partner receives

distributions or payments attributable to

the interest purchased.

For the Commission, by the Division

of Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–813 Filed 1–11–95; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF STATE

[Public Notice 2147]

Shipping Coordinating Committee

Maritime Safety Committee; Notice of

Meeting

The Shipping Coordinating

Committee (SHC) will conduct an open

meeting at 9:30 A.M. on Tuesday,

January 31, 1995, in Room 2415, at U.S.

Coast Guard Headquarters, 2100 Second

Street, S.W., Washington, DC. The

purpose of this meeting will be to report

on the sixty-fourth session of the Marine

Safety Committee (MSC) of the

International Maritime Organization

(IMO) held 5–9 December 1994. The

U.S. delegation to MSC 64 will report on

the activities of the session.

Specific items will include:

a. Ro/Ro vessel safety

b. Bulk carrier safety

c. Role of the human element in

maritime casualties

d. Existing ships’ safety standards

(grandfather clause)

e. Reports of various subcommittees

(Stability, Load Lines and Fishing

Vessel Safety; Life-Saving, Search and

Rescue; Containers and Cargoes; Fire

Protection; Training and

Watchkeeping; Safety of Navigation;

and Bulk Chemicals.)

Members of the public may attend

this meeting up to the seating capacity

of the room. Interested persons may

seek information by writing to Mr.

Joseph J. Angelo, U.S. Coast Guard

Headquarters (G–MI), 2100 Second

Street, S.W., Room 2408, Washington,

DC 20593–0001 or by calling (202) 267–

2970.

Dated: December 29, 1994.

Charles A. Mast,

Chairman, Shipping Coordinating Committee.

[FR Doc. 95–785 Filed 1–11–95; 8:45 am]

BILLING CODE 4710–07–M

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

Notice of Intent To Rule on Application

To Impose and Use the Revenue from

a Passenger Facility Charge (PFC) at

Blue Grass Airport, Lexington, KY

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Notice of Intent to Rule on

Application.

SUMMARY: The FAA proposes to rule and

invites public comment on the

application to impose and use the

revenue from a PFC at Blue Grass

Airport under the provisions of the

Aviation Safety and Capacity Expansion

Act of 1990 (Title IX of the Omnibus

Budget Reconciliation Act of 1990)

(Public Law 101–508) and Part 158 of

the Federal Aviation Regulations (14

CFR Part 158).

DATES: Comments must be received on

or before February 13, 1995.

ADDRESSES: Comments on this

application may be mailed or delivered

in triplicate to the FAA at the following

address: Memphis Airports District

Office, 2851 Directors Cove, Suite #3,

Memphis, TN 38131–0301.

In addition, one copy of any

comments submitted to the FAA must

be mailed or delivered to Mr. Michael

Flack, Executive Director of the Blue

Grass Airport at the following address;

Lexington Fayette Urban County Airport

Board, 4000 Versailles Road, Lexington,

KY 40510. Air carriers and foreign air

carriers may submit copies of written

comments previously provided to the

Blue Grass Airport under section 158.23

of Part 158.

FOR FURTHER INFORMATION CONTACT:

Southern Region, Memphis Airports

District office, Cynthia K. Wills,

Planner, 2851 Directors Cove, Suite #3,

Memphis, TN 38131–0301, (901) 544–

3495. The application may be reviewed

in person at this location.

SUPPLEMENTARY INFORMATION: The FAA

proposes to rule and invites public

comment on the application to: impose

and use the revenue from a PFC at Blue

Grass Airport under provisions of the

Aviation Safety and Capacity Expansion

Act of 1990 (Title IX of the Omnibus

Budget Reconciliation Act of 1990)

(Public Law 101–508) and Part 158 of

the Federal Aviation Regulations (14

CFR Part 158).

On January 3, 1995, the FAA

determined that the application to

impose and use the revenue from a PFC

submitted by Lexington Fayette Urban

County Airport Board was substantially

complete within the requirements of

section 158.25 of Part 158. The FAA

will approve or disapprove the

application, in whole or in part, no later

than April 21, 1995.

The following is a brief overview of

the application.

Level of the proposed PFC: $3.00

Proposed charge effective date:

November 1, 1993

Proposed charge expiration date:

August 26, 2005

Total estimated PFC revenue:

$1,616,030

Brief description of proposed

project(s):

Use Only:

(1) Implement Noise Abatement

Program—Phase I

(2) Purchase Lift Device (ADA Phase

II)

Projects To Impose And Use:

(3) Local Share of Regional Airport

Rescue & Fire Fighting Training Facility.

Class or classes of air carriers which

the public agency has requested not be

required to collect PFCs: Part 135 or Part

298 (Air Taxi Operators).

Any person may inspect the

application in person at the FAA office

listed above under FOR FURTHER

INFORMATION CONTACT.

In addition, any person may, upon

request, inspect the application, notice

and other documents germane to the