[Federal Register: March 29, 2001 (Volume 66, Number 61)]
[Notices]
[Page 17168-17169]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr29mr01-64]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. EL01-56-000]
Niagara Mohawk Holdings, Inc. and National Grid USA; Notice of
Filing
March 23, 2001.
Take notice that on February 1, 2001, as part of their merger
application in Docket No. EC01-63-000, Niagara Mohawk Holdings, Inc.
and National Grid USA (Applicants) also seek Commission authorization
for various accounting matters related to the merger. These accounting
authorizations are the subject of the request for declaratory order
that is assigned Docket No. EL01-56-000. Specifically, Applicants seek
Commission authorization to pay as dividends from paid-in capital
accounts, preexisting retained earnings that will have been restated as
paid-in capital as a result of accounting conventions associated with
the merger. Also, Applicants seek authorization to calculate earnings
available for dividends by adding back the related amortization of the
acquisition premium and transaction costs as well as non-cash charges
to income resulting from accounting changes or charges to income
resulting from significant unanticipated events. Finally, Applicants
request authorization for Niagara Mohawk Power Corporation to transfer
revenues from major transactions (such as asset sales, divestiture, or
securitization) to its parent.
Any person desiring to be heard or to protest such filing should
file a motion to intervene or protest with the Federal Energy
Regulatory Commission, 888 First Street, NE., Washington, DC 20426, in
accordance with Rules 211 and 214 of the Commission's Rules of Practice
and Procedure (18 CFR 385.211 and 385.214). All such motions and
protests should be filed on or before April 2, 2001. Protests will be
considered by the Commission to determine the
[[Page 17169]]
appropriate action to be taken, but will not serve to make protestants
parties to the proceedings. Any person wishing to become a party must
file a motion to intervene. Copies of this filing are on file with the
Commission and are available for public inspection. This filing may
also be viewed on the Internet at http://www.ferc.fed.us/online/
rims.htm (call 202-208-2222 for assistance).
Comments, protests and interventions may be filed electronically
via the internet in lieu of paper. See, 18 CFR 385.2001(a)(1)(iii) and
the instructions on the Commission's web site at http://
www.ferc.fed.us/efi/doorbell.htm.
David P. Boergers,
Secretary.
[FR Doc. 01-7715 Filed 3-28-01; 8:45 am]
BILLING CODE 6717-01-M