The Omaha guide., 1943-07-24

Sldlary registered nOlo4ng comp
anies of United Light and Power
unduly and unnecessarily compli-
cate the corporate structure of the
holding company system" After
considerable testimony adduced at
the public hearing subsequently
held in the matter, the Commits
sion on March 20, 1941 ISSUED an
order requiring the liquidation and
dissolution Of United Light and
Power itself and Of United Amer
Jean Company, and the Commission
reserved jurisdiction with
to the remaining issues in the pro-
ceedings and particularly for the
purpose of considering what action
should be ordered to be taken by
the holding companies of the sys-
tenn with the further requirements
Of Section II (b) (2). Tis reserva-
ton applied to Iowa~Nebraska, a.
mong others.
The foregoing represents, in
summary form, the status Of Iowa
Nebraska in proceedings before
this Commission during the period
in which you are interested, name
ly, prior to the time Of the sale by
that company in April 1871, of its
electric properties in Nebraska. I
should like to repeat that at no
time eitehr prior to or Subsequent
to the foregoing date has the Com
mission directed Iowa-Nebraska TO
divest itself of any portion Of its
properties or to otherwise effect
compliance with Section IL (b).
The application Of Section Lib, ~
to the properties and assets of Iowa
Nebraska was first publicly dis
cussed by the Commission in a
statement of tentative conclusions
dated June 10, 1941, which state
ment included the following obser-
vations:
"lowa-Nebraska Light and Power
Company operates electric and gas
properties in the Southwestern
portion of the State of Iowa and
gas properties in eastern Nebras.
ka. Recently it sold to a public
power district substantially all the
electric properties which it former
ly operated in the State of Nebras-
ka. Through a subsidiary, Mary.
vile Electric Light and Power
Company, it conducts electric and
gas operations in northwestern
Missouri in a Service area adioin-
ing the territory served in Iowa.
we do not at this time attempt
to determine how many 'integrated
public utility systems are compris-
ed by the utility assets of Iowa
Nebraska Light and Power Comp
any. Neither do we believe it nee
at this time to determine !
the xtent to which, under the stan
dards Of clauses (A) and (C) of Sec
tion il (b) Q), such systems may be
retained under common control TO-
gether with whatever system is
determined to be the single inte-
grated public utility system. we
believe it sufficient for the present
to indicate u tentative views as
to the character of the major ac-
ton required to be taken by the /
respondents, leaving this question
for further determination, partic-
ularly i n the light of whatever dis
positions may voluntarily be made
ion the interim by Iowa-Nebraska
Light and Power Company"
On August 6, 1941, the Commits
sion issued its findings and Opin-
ions under Sections IL Cb) % and IL
() 81 in the subject proceedings,
directing four of the holding COM
panies of this system to dispose of
their interests in certain Of their |
subsidiary Companies but r~eserving
for further determination at an
appropriate time, among other
things, questions a sto the retain
ability of the Iowa-Nebraska Drop
critics, under Clauses L) and (C
of Section IL On a. There has
been no change in that status since
that date.
1 trust that I.have been of assist
ance to you in this matter. Please
feel free to communicate with me
again at any time.
Very truly yours,
Signed.
RALPH T. McELVENNY.
Assistant Director.