13104 Federal Register / Vol. 66, No. 42 / Friday, March 2, 2001 / Notices

applicant transferred its assets to Money

Market Obligations Trust based on net

asset value. Applicants bore none of the

expenses incurred in connection with

the reorganizations. Any expenses were

paid by Federated Investment

Management Company, each applicant’s

investment adviser, or its affiliates.

Filing Dates: The applications were

filed on December 8, 2000, and

amended on February 7, 2001.

Applicants’ Address: 5800 Corporate

Drive, Pittsburgh, Pennsylvania 15237–

7000.

Van Kampen Global Managed Assets

Fund [File No. 811–8286]

Summary: Applicant seeks an order

declaring that it has ceased to be an

investment company. On May 24, 2000,

applicant made a final liquidating

distribution to its shareholders based on

net asset value. Expenses of $100

incurred in connection with the

liquidation were paid by Van Kampen

Asset Management Inc., applicant’s

investment adviser.

Filing Date: The application was filed

on February 1, 2001.

Applicant’s Address: 1 Parkview

Plaza, P.O. Box 5555, Oakbrook Terrace,

IL 680181–5555.

PMD Investment Company [File No.

811–3135]

Summary: Applicant seeks an order

declaring that it has ceased to be an

investment company. On November 3,

2000, applicant made a liquidating

distribution to its shareholders based on

net asset value. First National Bank of

Omaha, applicant’s depository agent, is

holding any unclaimed funds, which

will escheat to the State of Nebraska

after the applicable holding period.

Expenses of $46,188 incurred in

connection with the liquidation were

paid by applicant.

Filing Date: The application was filed

on December 21, 2000.

Applicant’s Address: 10050 Regency

Circle, Suite 315, Omaha, Nebraska

68114.

The Sheffield Funds, Inc. [File No. 811–

5886]

Summary: Applicant seeks an order

declaring that it has ceased to be an

investment company. On October 26,

2000, applicant made a liquidating

distribution to its shareholders, based

on net asset value. Expenses of $11,000

incurred in connection with the

liquidation were paid by applicant.

Filing Date: The application was filed

on December 28, 2000.

Applicant’s Address: 900 Circle 75

Parkway, Suite 750, Atlanta, Georgia

30339.

The Travelers Timed Bond Account for

Variable Annuities [File No. 811–5092]

Summary: Applicant seeks an order

declaring that it has ceased to be an

investment company. The applicant was

a fund only offered as part of a market

timing marketing program. The program

was discontinued effective October 1,

1997. Customers were given the option

of terminating before October 1, 1997

and moving into a fund of their choice.

After October 1, 1997, customers were

transferred to the American Odyssey

Short-Term Bond Fund. As a result, all

of the assets of the applicant were

distributed in 1997. The applicant states

that the Travelers Insurance Company

absorbed any expenses that were

incurred to achieve the liquidation.

Filing Dates: The application was

filed on June 19, 2000, and amended on

February 21, 2001.

Applicant’s Address: One Tower

Square, Hartford, CT 06183.

PFL Endeavor Target Account [File No.

811–8377]

Summary: Applicant seeks an order

declaring that it has ceased to be an

investment company. On September 25,

2000, the shareholders of applicant

voted to approve the merger of applicant

with another investment company. The

name of the investment company

surviving the merger is Capital Guardian

U.S. Equity Subaccount of the Endeavor

Variable Annuity Separate Account, and

its Investment Company Act file number

is 811–06032. Expenses of $40,000 were

incurred in connection with the merger

and were paid by PFL Life Insurance

Company, which established and

maintained applicant as a managed

separate account and which is the

depositor of the surviving investment

company.

Filing Date: The application was filed

on December 19, 2000.

Applicant’s Address: 4333 Edgewood

Road NE, Cedar Rapids, IA 52499–4520.

Penfield Partners, L.P. [File No. 811–

8604]

Summary: Applicant seeks an order

declaring that it has ceased to be an

investment company. Applicant has

never made a public offering of its

securities and does not propose to make

a public offering. Applicant will

continue to operate as a private

investment vehicle in reliance on

section 3(c)(1) of the Act.

Filing Date: The application was filed

on February 14, 2001. Applicant has

agreed to file an amendment during the

notice period.

Applicant’s Address: 153 East 53rd

Street, New York, NY 10022.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–5044 Filed 3–1–01; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 35–27349]

Filings Under the Public Utility Holding

Company Act of 1935, as Amended

(‘‘Act’’)

February 23, 2001.

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

March 20, 2001, 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 March 20, 2001, the

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

filed or as amended, may be granted

and/or permitted to become effective.

DTE Energy Company, et al. (70–9589)

DTE Energy Company (‘‘DTE’’), a

Michigan public utility holding

company that claims exemption, under

section 3(a)(1) of the Act by rule 2, and

its inactive, wholly owned subsidiary,

DTE Enterprises, Inc. (‘‘Merger Sub’’

and with DTE, ‘‘Applicants’’), both

located at 2000 Second Avenue, Detroit,

Michigan 48226–1279, have filed an

application under sections 3(a)(1),

9(a)(2), and 10 of the Act.

DTE is engaged, through subsidiaries,

in various utility and nonutility

Federal Register / Vol. 66, No. 42 / Friday, March 2, 2001 / Notices 13105

1 DTE is engaged in many activities and projects,

including fuel procurement, rail car maintenance

and repair, electricity generation (by exempt

wholesale generators), landfill gas projects, real

estate, and power marketing. DTE’s utility activities

are described below.

2By order dated September 13, 2000, the

Commission authorized DTE to acquire all of the

issued and outstanding voting securities of

International Transmission Company (‘‘ITC’’). See

DTE Energy Co., HCAR No. 27229. Applicants state

that, in January of 2001, Detroit Edison transferred

its transmission assets to ITC in exchange for stock,

and that ITC assumed responsibility for Detroit

Edison’s transmission business.

3MCN is engaged in many nonutility activities,

including gas marketing, asphalt manufacturing and

distribution and methanol production.

activities.1 Its common stock is listed on

the New York Stock Exchange (‘‘NYSE’’)

and, as of October 31, 2000, 142,651,172

of its shares were outstanding. For the

twelve-month period ending on

September 30, 2000, DTE had

consolidated operating revenues of

$5.27 billion, approximately $4.04

billion of which were attributable to

utility activities. Applicants state that

the total value of the assets of DTE and

its subsidiaries as of September 30, 2000

was approximately $12.3 billion, of

which approximately $7.3 billion

consisted of the net value of electric

plant and equipment. Applicants state

that, as of September 30, 2000, the

Detroit Edison Company (‘‘Detroit

Edison’’), DTE’s wholly owned electric

public utility subsidiary company, had

8,608 employees and the nonutility

subsidiaries of DTE had 429

employees.2

Detroit Edison is engaged in the

generation, purchase, transmission,

distribution and sale of electric energy

in a 7,600 square-mile area in

southeastern Michigan. Detroit Edison’s

service area includes about 13% of

Michigan’s total land area and about

half of the population of the State

(approximately five million people).

Applicants state that, for the twelve

months ending on September 30, 2000,

Detroit Edison’s operating revenues and

net income were approximately $4.05

billion and $349 million, respectively.

As of September 30, 2000, Detroit

Edison’s assets were valued at $10.946

billion. As of September 30, 2000,

Detroit Edison had a summer net rated

capability of approximately 11,030 MW.

Detroit Edison’s electric generating

plants are interconnected by a

transmission system operating at up to

345 kilovolts through 37 transmission

stations. Detroit Edison is subject to

general regulation by the Michigan

Public Service Commission (‘‘MPSC’’)

regarding the conditions of its service,

rates and recovery of certain costs,

accounting and various other matters.

DTE is also subject to regulation by the

Federal Energy Regulatory Commission

under the Federal Power Act. In

addition, the Nuclear Regulatory

Commission has regulatory jurisdiction

over all phases of the operation,

construction (including plant

modifications), licensing and

decommissioning of Detroit Edison’s

Fermi 2 nuclear power plant.

DTE requests authority to acquire

indirectly, through Merger Sub, under

the terms of an Agreement and Plan of

Merger dated October 4, 1999, as

amended on November 12, 1999

(‘‘Merger Agreement’’), all issued and

outstanding common stock of MCN

Energy Group Inc. (‘‘MCN’’), a Michigan

public utility holding company claiming

exemption under section 3(a)(1) of the

Act by rule 2 under the Act.

Specifically, DTE proposes to merge

Merger Sub with MCN, with Merger Sub

surviving as a wholly owned direct

subsidiary of DTE. Under the Merger

Agreement, each share of outstanding

MCN common stock (including the

associated right to purchase Series A

Junior Participating Preferred Stock)

will be converted into a right to receive

either $28.50 in cash or .775 shares of

DTE common stock.

MCN, a Michigan corporation, is

engaged through subsidiaries in the

production, gathering processing,

transmission, storage, and distribution

of natural gas, as well as various

nonutility activities.3 The common

stock of MCN on the NYSE, and

Applicants state that, as of the close of

business on November 30, 2000, there

were 90,212,588 shares of MCN

common stock issued and outstanding.

For the twelve months ending on

September 30, 2000, MCN’s operating

revenues on a consolidated basis were

approximately $2.6 billion, of which

approximately $1.1 billion were

attributable to utility activities.

Applicants state that the consolidated

assets of MCN and its subsidiaries, as of

September 30, 2000, were valued at

more than $4.2 billion, of which

approximately $1.5 billion consisted of

the net value of gas utility plant and

equipment. As of September 30, 2000,

Michigan Consolidated Gas Company

(‘‘MichCon’’), a wholly owned public

utility subsidiary of MCN, employed

2,740 people, while MCN itself and the

other MCN subsidiaries had 253

employees.

MichCon, a Michigan corporation, is

a natural gas distribution and

transmission company that owns

distribution, transmission, production

and storage properties and facilities and

serves approximately 1.2 million

customers in more than 500

communities throughout Michigan. As

of November 30, 2000, MichCon’s

distribution system included 17,272

miles of distribution mains, 1,107,428

service lines and 1,216,514 active

meters. MichCon owns 2,663 miles of

transportation and production lines that

deliver natural gas to the distribution

districts and interconnect its storage

fields with the sources of supply and

the market areas, as well as properties

relating to four underground natural gas

storage fields with an aggregate working

gas storage capacity of approximately

124 Bcf. For the twelve months ended

September 30, 2000, MichCon’s

operating revenues and net income were

approximately $1.1 billion and $89.9

million, respectively. As of September

30, 2000, MichCon had $2.2 billion in

assets. MichCon’s rates are regulated by

the MPSC.

Citizens Gas Fuel Company

(‘‘Citizens’’), a wholly owned utility

subsidiary of MCN, is engaged in the

distribution of natural gas Michigan.

Citizens serves approximately 15,000

residential, commercial and industrial

customers in and around Adrian,

Michigan. The Adrian Gas Rate

Commission establishes the rates of

Citizens, and Applicants state that all

other phases of its operations are subject

to the jurisdiction of the MPSC. For the

twelve months ending on September 30,

2000, Citizens’ operating revenues and

net income were approximately $16.6

million and $900,000, respectively. As

of September 30, 2000, Citizens’ assets

were valued at $24.4 million.

MCN also owns a 46.5% limited

partnership interest, and a 1.% general

partnership interest in Southern

Missouri Gas Company, L.P. (‘‘SMGC’’),

a public utility engaged in the

distribution of natural gas, SMGC serves

approximately 7,000 residential,

commercial, and industrial customers in

southern Missouri. For the twelve

months ending on September 30, 2000,

MCN’s share of SMGC’s operating

revenues were approximately $3 million

and MCN ’s share of SMGC’s net loss

was approximately $900,000. As of

September 30, 2000, MCN’s shares of

SMGC’s assets were valued at $23.8

million. Applicants state that SMGC’s

rates, along with other phases of its

operations, are subject to the

jurisdiction of the Missouri Public

Service Commission.

DTE requests authority to acquire

indirectly through Merger Sub, under

the terms of an Agreement and Plan of

Merger dated October 4, 1999, as

amended on November 12, 1999

(‘‘Merger Agreement’’), all issued and

outstanding common stock of MCN.

13106 Federal Register / Vol. 66, No. 42 / Friday, March 2, 2001 / Notices

4By order dated November 1, 2000 (HCAR No.

27263) NiSource became a registered holding

company following its acquisition of Columbia

Energy Group (‘‘Columbia’’), which is also a

registered holding company.

5Bay State is a holding company for Northern

Utilities, Inc. Bay State is currently claiming an

exemption as a holding company under section

3(a)(2) of the Act and under rule 2 of the Act.

Specifically, Merger Sub will merge

with MCN, with Merger Sub surviving

as a wholly owned direct subsidiary of

DTE (‘‘Merger’’). Under the Merger

Agreement, each share of outstanding

MCN common stock (including the

associated right to purchase Series A

Junior Participating Preferred Stock)

will be converted into a right to receive

either $28.50 in each or 775 shares of

DTE common stock.

The officers, directors, corporate

charter and bylaws of MCN immediately

before the Merger will become the

officers, directors, corporate charter and

bylaws of Merger Sub. DTE’s principal

and executive offices will not change as

a result of the Merger.

Applicants state that the Merger will

enable DTE to provide its customers

with an expanded range of the energy

choices, while producing economies of

scope and integration that will benefit

consumers and investors. Specifically,

Applicants state that DTE will be able

to offer attractive energy supply options

to large customers, provide expanded

product offerings to its customers, and

develop on-site energy facilities and

services for business customers.

Applicants state that DTE will be better

positioned after the Merge to compete

with other integrated regional and

national energy companies, and that the

Merger will therefore enhance

competition.

Additionally, Applicants request that

the Commission issue an order

exempting DTE and Merger Sub, under

section 3(a)(1) of the Act, from all of the

requirements of the Act, except for

section 9(a)(2) of the Act.

NiSource, Inc., et al. (70–9681)

NiSource Inc. (‘‘NiSource’’) 801 East

86th Avenue, Merrillville, Indiana

46410–6272, a registered holding

company,4 NiSource’s direct public

utility subsidiary companies, Northern

Indian Public Service Company

(‘‘Northern Indiana’’). Kokomo Gas and

Fuel Company (‘‘Kokomo’’), Northern

Indiana Fuel and Light Company

(‘‘NIFL’’) all located at 801 East 86th

Avenue, Merrillville, Indiana 46410–

6272 and Bay State Gas Company 5

(‘‘Bay State’’), its exempt intermediate

public utility holding company, and Bay

State’s public utility subsidiary

company, Northern Utilities, Inc.

(‘‘Northern Utilities’’), both located at

300 Friberg Parkway, Westborough,

Massachusetts 01581–5039 (collectively

Northern Indiana, Kokomo, NIFL, Bay

State, and Northern Utilities, ‘‘NiSource

Utility Subsidiaries’’), Columbia, 200

Civic Center Drive, Columbus, Ohio

43215, NiSource’s registered

intermediate holding company,

Columbia’s public utility subsidiary

companies, Columbia Gas of Kentucky,

Inc., Columbia Gas of Maryland, Inc.,

Columbia Gas of Ohio, Inc., Columbia

Gas of Pennsylvania, Inc., and Columbia

Gas of Virginia, Inc., all located at 200

Civic Center Drive, Columbia, Ohio

43215 (collectively ‘‘Columbia Utility

Subsidiaries’’), NiSource’s nonutility

subsidiary companies, EnergyUSA, Inc.,

NiSource Pipeline Group, Inc., NI

Energy Services, Inc., NiSource

Development Company, Primary

Energy, Inc., NiSource Capital Markets,

Inc., NiSource Finance Corp., Hamilton

Harbour Insurance Services, Ltd.,

NiSource Corporate Services Company,

NiSource Energy Technologies, Inc.,

Columbia LNG Corporation, Columbia

Atlantic Trading Corporation, Columbia

Energy Group Capital Corporation,

Columbia Pipeline Corporation,

Columbia Finance Corporation, and

Columbia Energy Services Corporation

all located at 801 East 86th Avenue,

Merrillville, Indiana 46410–6272, IWC

Resources Corporation, 1220 Waterway

Blvd., Indianapolis, Indiana 46202,

SM&P Utility Resources Inc., 1145

Meredian St., Suite 200, Carmel, Indiana

46032, Columbia Energy Resources, Inc.,

c/o 900 Pennsylvania Avenue,

Charleston, West Virginia 25302,

Columbia Gas Transmission Corporation

and Columbia Transmission

Communications Corporation both

located at 12801 Fair Lakes Parkway,

Fairfax, Virginia 22030–0146, Columbia

Gulf Transmission Company, 2603

Augusta, Suite 125, Houston, Texas

77057, Columbia Network Services

Corporation, 1600 Dublin Road,

Columbus, Ohio 43215–1082, and

Columbia Insurance Corporation Ltd.,

20 Parliament Street, P.O. Box HM 649;

Hamilton HM CX, Bermuda have filed a

post-effective amendment to their

application-declaration under sections

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

The Commission issued the notice of

the original application-declaration on

September 26, 2000 (HCAR No. 27236).

By order dated November 1, 2000

(HCAR No. 27265) (‘‘Financing Order’’),

the Commission authorized NiSource

and its subsidiaries to engage in external

financing and intrasystem financing,

and other related transactions, for the

period through December 31, 2003

(‘‘Authorization Period’’). Under the

Financing Order, the Commission

authorized NiSource to issue and sell

from time to time during the

Authorization Period, either directly or

indirectly through one or more

financing subsidiaries (including

NiSource Finance Corp. (‘‘NiSource

Finance’’)), equity securities and longterm and short-term debt securities.

Among other specific approvals granted,

the Commission authorized NiSource to

issue and sell, directly or indirectly,

short-term debt securities in the form of

commercial paper, bank notes or other

evidence of indebtedness having

maturities of less than one year (‘‘Shortterm Debt’’) in an aggregate principal

amount at any time outstanding not to

exceed $2 billion. The Commission also

authorized the NiSource Utility

Subsidiaries to issue and sell short-term

debt securities, including commercial

paper, to finance their utility operations,

in the following maximum principal

amounts at any time outstanding during

the Authorization Period:

Subsidiary Amount

Northern Indiana ............. $1,000,000,000

Bay State ........................ 250,000,000

NIFL ................................ 50,000,000

Kokomo ........................... 50,000,000

Northern Utilities ............. 50,000,000

Northern Indiana and Bay State

currently have commercial paper

facilities that are backed by revolving

credit lines. Borrowings by Bay State are

used, in part, to make short-term loans

to Northern Utilities.

NiSource is now requesting a

modification to the Financing Order to

authorize an increase from $2 billion to

$3.4 billion in the maximum principal

amount of short-term debt that NiSource

(or any financing subsidiary of

NiSource) may have outstanding at any

one time. NiSource states that it will use

the proceeds of increased short-term

borrowings to make loans to Columbia

and the NiSource Utility Subsidiaries in

order to enable those companies to

retire, at maturity, external short-term

borrowings. After March 31, 2001,

Columbia and Northern Indiana will not

issue any new Short-term Debt

securities to unaffiliated lenders but

will instead satisfy all of their shortterm borrowing needs through

intercompany borrowings from

NiSource. Bay State will maintain its

external funding arrangements in order

to fund loans to Northern Utilities until

such time as Northern Utilities has

obtained an order of the Maine Public

Utilities Commission permitting

NiSource (or a financing subsidiary of

Federal Register / Vol. 66, No. 42 / Friday, March 2, 2001 / Notices 13107

6AE Supply is a public utility company within

the meaning of section 2(a)(3) of the Act, but is not

a utility for purposes of state regulation.

7AE Supply may use a portion of the proceeds

as capital contributions to to-be-formed

Intermediate Companies and Exempt Subsidiaries

to the extent permissible under the Act and rules.

8Applicants state that any debt issued by

Allegheny under the authority requested in this

Application will be unsecured.

9Applicants state that there will be no recourse

to Allegheny with respect to these debt securities.

10Applicants state that the source of funds for

direct or indirect contributions by Allegheny to AE

Supply may include dividends received from

operating companies that are derived from proceeds

of sales of energy to customers and other available

cash resources. Loans by Allegheny to AE Supply

or by Applicants to Exempt Subsidiaries and

Intermediate Subsidiaries will have interest rates

and maturities that are designed to provide a return

equal to the Applicant’s respective effective cost of

capital.

11 Guaranties may take the form of Applicants

agreeing to guarantee, undertake reimbursement

obligations, assume liabilities or assume other

obligations with respect to, or to act as surety on,

bonds, letters of credit, evidences of indebtedness,

equity commitments, performance, and other

obligations undertaken by AE Supply, the Exempt

Subsidiaries, and Intermediate Companies.

12Applicants state that the Federal Energy

Regulatory Commission has certified Conemaugh as

an EWG under section 32 of the Act.

NiSource) to become the external

funding source for Bay State’s loans to

Northern Utilities. All short-term

borrowings by Columbia and the

NiSource Utility Subsidiaries from

NiSource will bear interest at rates

designed to parallel the effective cost of

short-term debt issued by NiSource.

Short-term borrowings by Columbia and

the NiSource Utility Subsidiaries from

NiSource will be within the individual

company limits previously approved in

the Financing Order.

Allegheny Energy, Inc., et al. (70–9683)

Allegheny Energy, Inc.,

(‘‘Allegheny’’), a registered publicutility holding company, Allegheny

Energy Service Corporation (‘‘AESC’’), a

service company subsidiary of

Allegheny, both located at 10435

Downsville Pike, Hagerstown, Maryland

21740–1766, and Allegheny Energy

Supply Company, LLC (‘‘AE Supply’’), a

utility 6 generating company subsidiary

of Allegheny, R.R. 12, P.O. Box 1000,

Roseytown Road, Greensburg,

Pennsylvania 15601 (collectively,

‘‘Applicants’’), have filed an

application-declaration (‘‘Application’’)

under sections 6(a), 7, 9(a), 10, 12(b),

12(f), 13(b), 32 and 33 of the Act and

rules 45, 53, 54, 90 and 91 under the

Act.

Applicants seek authority to engage in

various transactions relating to the

development and acquisition of

interests in exempt wholesale generators

(‘‘EWGs’’) and foreign utility companies

(‘‘FUCOs’’), as defined in sections 32

and 33 of the Act, respectively, and in

activities permitted by rule 58 under the

Act (‘‘Rule 58 Activities’’). Applicants

also propose to engage in various related

financing and intrasystem transactions,

as described below.

I. Formation of Special-Purpose

Subsidiaries

AE Supply requests authorization to

organize and finance one or more

special purpose subsidiaries (‘‘Exempt

Subsidiaries’’) to: (1) Engage in Rule 58

Activities within the United States; and

(2) to invest, directly or indirectly, in

EWGs and FUCOs. AE Supply also

proposes to organize one or more

special project entities (‘‘Intermediate

Companies’’) for the purpose of

facilitating the development and

consummation of investments in EWGs

and FUCOs by (1) exploring investment

opportunities; and (2) investing in

companies for the acquisition and

ownership of EWGs, FUCOs, and to

engage in Rule 58 Activities prior to the

formation of the Exempt Subsidiaries.

II. Proposed External and Internal

Financings

Applicants also seek authority to

issue guaranties, short-term debt and

long-term debt through July 31, 2005

(‘‘Authorization Period’’), up to an

aggregate amount of $430 million at any

one time outstanding (‘‘Aggregate

Financing Limit’’) for the purpose of

investing directly or indirectly in EWGs,

FUCOs, Rule 58 Activities, or for other

strategic corporate purposes related to

investments in EWGs and RUCOs.7

Applicants further represent that

investments in EWGs and FUCOs will

not exceed the limits imposed by rules

53 and 54 under the Act.

Applicants state that the proposed

debt to be issued includes, but is not

limited to, bank financing, bank credit

support, sales of secured 8 or unsecured

debt, notes, loans, and debentures.

Applicants also seek authorization for

the Exempt Subsidiaries and

Intermediate Companies to issued debt

securities to unaffiliated third parties,9

including banks, insurance companies

and other financial institutions,

exclusively for the purpose of financing

or refinancing investments in EWGs and

FUCOs up to the Aggregate Financing

Limit. Applicants state that interest

rates, fees, and expenses will be

comparable to those obtainable by

similar entities issuing comparable

securities containing the same or similar

terms and maturities.

Applicants further propose that

investments may be made from

Allegheny to AE Supply, Exempt

Subsidiaries or to Intermediate

Companies directly or indirectly.

Investment by Allegheny or AE Supply

into the Exempt Subsidiaries or

Intermediate Companies may take the

form of capital stock or shares, debt

securities, trust certificates, capital

contributions, open account advances

and partnership interests or other equity

or participation interests, bid bonds, or

other credit support to secure

obligations incurred by AE Supply and/

or the Intermediate Companies in

connection with the Exempt

Subsidiaries.10

Applicants also request authority to

issue guaranties and enter into support

agreements (‘‘Guaranties’’) to and for the

benefit of Exempt Subsidiaries and

Intermediate Subsidiaries through the

Authorization Period up to the

Aggregate Financing Limit. Applicants

state that the Guaranties will be used to

support the commercial paper program

and to support counterparty agreements

and other trading contracts. Guaranties

will be issued without recourse to any

of the Allegheny system operating

companies.11

III. Proposed Intrasystem Service

Transactions

Applicants state that the Exempt

Subsidiaries and Intermediate

Companies will not have their own paid

employees. Consequently, Applicants

request authority for AESC to provide

services to those companies under

proposed service agreements (‘‘Service

Agreements’’) to be entered into

between each of those companies and

AESC. The Service Agreements will take

effect upon Commission approval and

will be similar in all material respects

to those service agreements that AESC

has executed. AESC will render services

to Exempt Subsidiaries and

Intermediate Companies in accordance

with rules 90 and 91 under the Act.

IV. Proposed Transfer of Generating

Assets

On January 8, 2001, Allegheny

acquired a five percent interest, totaling

approximately 83 megawatts, in the

Conemaugh Generating Station

(‘‘Conemaugh’’), a coal-fired generating

station located near Johnstown,

Pennsylvania,12 from The Potomac

Electric Power Company for a purchase

price of approximately $78 million. In

order to centralize its generating assets,

Allegheny now proposes to transfer the

Conemaugh generating assets to AE

Supply for net book value of

approximately $80 million, including

capitalized transaction costs. In

13108 Federal Register / Vol. 66, No. 42 / Friday, March 2, 2001 / Notices

exchange for Allegheny’s interest in

Conemaugh, AE Supply will issue to

Allegheny an interest-baring unsecured

promissory note for the purchase price.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–5110 Filed 3–1–01; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

Region IX Hawaii District Advisory

Council; Public Meeting

The U.S. Small Business

Administration, Region IX District

Advisory Council, located in the

geographical area of Honolulu, Hawaii,

will hold a public meeting at 10:00 a.m.,

on Thursday, March 22, 2001, at the

Business Information and Counseling

Center, 1111 Bishop Street, Suite 204,

Training Center, Honolulu, HI 96813; to

discuss such matters as may be

presented by members, staff of the Small

Business Administration or others

present. For further information write or

call Mr. Andrew K. Poepoe, District

Director, U.S. Small Business

Administration, 300 Ala Moana

Boulevard, Room 2–235, Honolulu,

Hawaii 96850; telephone (808) 541–

2965.

Nancyellen Gentile,

Committee Management Officer.

[FR Doc. 01–5033 Filed 3–1–01; 8:45 am]

BILLING CODE 8025–01–U

SOCIAL SECURITY ADMINISTRATION

Agency Information Collection

Activities: Proposed Request and

Comment Request

In compliance with Public Law 104–

13, the Paperwork Reduction Act of

1995, SSA is providing notice of its

information collections that require

submission to the Office of Management

and Budget (OMB). SSA is soliciting

comments on the accuracy of the

agency’s burden estimate; the need for

the information; its practical utility;

ways to enhance its quality, utility and

clarity; and on ways to minimize burden

on respondents, including the use of

automated collection techniques or

other forms of information technology.

(SSA Address)

Social Security Administration,

DCFAM, Attn: Frederick W.

Brickenkamp, 1–A–21 Operations

Bldg., 6401 Security Blvd., Baltimore,

MD 21235

(OMB Address)

Office of Management and Budget,

OIRA, Attn: Desk Officer for SSA,

New Executive Office Building, Room

10230, 725 17th St., NW.,

Washington, DC 20503

I. The information collections listed

below will be submitted to OMB within

60 days from the date of this notice.

Therefore, comments and

recommendations regarding the

information collections would be most

useful if received by the Agency within

60 days from the date of this

publication. Comments should be

directed to the SSA Reports Clearance

Officer at the address shown above. You

can obtain a copy of the collection

instruments by calling the SSA Reports

Clearance Officer on (410) 965–4145, or

by writing to him at the address listed

above.

1. Request for SSI Benefit Estimate—

0960–0492. The Social Security

Administration (SSA) uses Form SSA–

3716 for Supplemental Security Income

(SSI) beneficiaries who wish to request

a 5-month estimate of what their

benefits would be if they should return

to work in the future. The respondents

are SSI Recipients or Applicants for SSI

Benefits.

Number of Respondents: 50,000.

Frequency of Response: 1.

Average Burden Per Response: 5

minutes.

Estimated Annual Burden: 4,167

hours.

2. Supplemental Statement Regarding

Farming Activities Of Person Living

Outside The U.S.A.—0960–0103. Form

SSA–7163A–F4 is used by SSA to

collect needed information whenever a

Social Security beneficiary or claimant

reports work on a farm outside the U.S.

The information is used to make a

determination for work deduction

purposes. The respondents are Social

Security beneficiaries or claimants who

are engaged in farming activities outside

the U.S.

Number of Respondents: 1,000.

Frequency of Response: 1.

Average Burden Per Response: 60

minutes.

Estimated Annual Burden: 1,000

hours.

II. The information collection listed

below has been submitted to OMB for

clearance. Written comments and

recommendations on the information

collection would be most useful if

received within 30 days from the date

of this publication. Comments should be

directed to the SSA Reports Clearance

Officer and the OMB Desk Officer at the

addresses listed above. You can obtain

a copy of the OMB clearance package by

calling the SSA Reports Clearance

Officer on (410) 965–4145, or by writing

to him.

Pre-1957 Military Service Federal

Benefit Questionnaire—0960–0120.

Form SSA–2512 collects data used in

the claims adjudication process to grant

gratuitous military wage credits, when

applicable, and solicits sufficient

information to make a determination of

eligibility. The respondents are

individuals who are applying for Social

Security benefits on the record of a wage

earner with pre-1957 military service.

Number of Respondents: 12,000.

Frequency of Response: 1.

Average Burden Per Response: 10

minutes.

Estimated Annual Burden: 2,000

hours.

Dated: February 27, 2001.

Frederick W. Brickenkamp,

Reports Clearance Officer, Social Security

Administration.

[FR Doc. 01–5142 Filed 3–1–01; 8:45 am]

BILLING CODE 4191–02–U

SOCIAL SECURITY ADMINISTRATION

The Ticket to Work and Work

Incentives Advisory Panel Meeting

AGENCY: Social Security Administration

(SSA).

ACTION: Notice of meeting.

DATES: March 26, 2001, 10:00 a.m.–5:00

p.m.; March 27, 2001, 9:00 a.m.–5:00

p.m.; March 28, 2001, 9:00 a.m.–4:00

p.m.

ADDRESSES: Sheraton Crescent Hotel,

2620 W. Dunlap Avenue, Phoenix, AZ

85021, (602) 943–8220 phone, (602)

371–2857 fax.

SUPPLEMENTARY INFORMATION: Type of

meeting: This meeting is open to the

public. The public is invited to

participate by coming to the address

listed above. Public comment will be

taken. The public is also invited to

submit comments in writing on the

implementation of the Ticket to Work

and Work Incentives Improvement Act

(TWWIIA) of 1999 at any time.

Purpose: In accordance with section

10(a)(2) of the Federal Advisory

Committee Act, the Social Security

Administration (SSA) announces a

meeting of the Ticket to Work and Work

Incentives Advisory Panel (the Panel).

Section 101(f) of Public Law 106–170

establishes the Panel to advise the

Commissioner of SSA, the President,

and the Congress on issues related to

work incentives programs, planning and