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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-57
NOTIFICATION OF FOREIGN UTILITY COMPANY STATUS
Filed under section 33 of the
Public Utility Holding Company Act of 1935, as amended
Lanco Kondapalli Power Limited
by
NRG Energy, Inc.
901 MARQUETTE AVENUE, SUITE 2300
MINNEAPOLIS, MN 55402-3265
NRG Energy, Inc. ("NRG"), a Delaware corporation and majority
owned subsidiary of Xcel Energy, Inc., a Minnesota corporation ("Xcel") and
a registered holding company under the Public Utility Holding Company Act
of 1935 (the "Act"), hereby files with the Securities and Exchange
Commission (the "Commission") pursuant to Section 33 of the Act this Form
U-57 for the purpose of notifying the Commission that Lanco Kondapalli
Power Limited, a company organized under the laws of India ("LKPL"), is a
"foreign utility company" ("FUCO") within the meaning of Section 33 of the
Act.
LKPL does not derive and will not derive any part of its income,
directly or indirectly, from the generation, transmission or distribution
of electric energy for sale (or the distribution at retail of natural or
manufactured gas for heat, light or power) within the United States.
Neither LKPL nor any of its subsidiary companies is or will be a public
utility operating within the United States.
ITEM 1
Name and Business Address:
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Lanco Kondapalli Power Limited
c/o NRGenerating Luxembourg (No. 1) S.a.r.L.
Level 22
307 Queen Street
Brisbane, Queensland 4000
Australia
Description of Facilities:
LKPL owns the Kondapalli Power Project, a 355 megawatt power
station located in the Kondapalli Industrial Development Area,
Krishna District, in the State of Andhra Pradesh, India. The
Kondapalli station consists of two gas turbines and one steam
turbine. The station is currently fired off naptha until the
construction of a natural gas pipeline is completed in the third
quarter of 2001. At that time, Kondapalli will convert to natural
gas and utilize liquids as a backup fuel supply.
Ownership:
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LKPL is a company organized under the laws of India that is owned
by a consortium of international investors. NRG is in the process
of acquiring, indirectly, thirty percent of the issued shares in
LKPL from one of those investors. NRG is owned approximately
seventy-four percent by Xcel and twenty-six percent by the general
public. Xcel is the registered holding company formed by the
merger of Northern States Power Company, a Minnesota corporation
("NSP-MN") and New Century Energies, a Delaware corporation. Other
than Xcel, no shareholder has five percent or more of the shares
in NRG.
The remaining seventy percent of issued shares in LKPL are held as
follows:
1. Thirty-four percent held by members of the Lanco Group
(India):
Lanco Infratech Limited (previously Lanco Constructions
Limited) holds seven percent of the issued shares in LKPL
and Third Millinnium Investments Limited holds
twenty-seven percent of the issued shares in LKPL. Both
of these companies are wholly-owned members of the Lanco
Group (an Indian industrial conglomerate).
2. Twenty-five percent held by members of CDC Group (United
Kingdom):
The CDC Group's shares in LKPL are held through a
wholly-owned subsidiary known as CDC Financial Services
(Mauritius) Limited. The CDC Group's ultimate parent
company is CDC Group plc, a statutory authority of the
United Kingdom Government established for the purpose of
making equity investments in developing countries. That
statutory authority has been recently corporatised and is
in the process of being privatised at present.
3. Eleven percent held by members of the Doosan Group (Korea):
Doosan Heavy Industries and Constructions Co. Limited is
a member of the Doosan Group of Korea and holds eleven
percent of the issued shares in LKPL. Doosan Heavy
Industries and Constructions Co. Limited is also the
engineering, procurement and construction contractor for
the Kondapalli Power Project.
ITEM 2
The domestic associate public utility companies of LKPL are:
NSP-MN; Northern States Power Company, a Wisconsin corporation ("NSP-WI");
Black Mountain Gas Company, a Minnesota corporation ("BMGC"); Southwestern
Public Service, a New Mexico corporation ("SPS"); Public Service Company of
Colorado, a Colorado corporation ("PSCo"); and Cheyenne Light, Fuel and
Power Company, a Wyoming corporation ("Cheyenne") (collectively, the
"Associate Companies").
No Associate Company has made an investment in, nor has any
contractual relationship with, LKPL, nor is any such investment or
contractual relationship contemplated.
The Associate Companies are all subsidiaries of Xcel, a registered
holding company, and therefore the certification of state commissions is
not required under Section 33(a)(2) of the Act.
The Commission is requested to mail copies of all correspondence
relating to this Notification to:
Shaun Messer
NRG Asia-Pacific Ltd
Level 22
307 Queen Street
Brisbane, Queensland 4000
Australia
Glenn J. Berger, Esq.
W. Mason Emnett, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
1440 New York Ave. NW
Washington, D.C. 20005
The undersigned company has duly caused this statement to
be signed on its behalf by the undersigned officer thereunto duly
authorized.
NRG Energy, Inc.
By: /s/ James J. Bender
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Name: James J. Bender
Title: Vice President & General Counsel
Date: June 21, 2001