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NOTICES

440

2. To take such further action as the Commission may deem necessary or ap propriate to effectuate the requirements of section 11 b of the act; and 3. To entertain such further proceed ings, to make such supplemental findings and to take such further action as the Commission may deem appropriate in connection with the amended plan, the transactions incident thereto and the consummation thereof, and, in the event such amended plan be not consummated, to enter such further orders as the Com mission may deem appropriate under sections 11 b, 11 f and 20 a of the act.
It is further ordered, That counsel for the Commission be, and they hereby are, authorized an4l directed to make appli cation forthwith on behalf of the Com mission to an appropriate United States District Court, pursuant to the provisions of sections 11 e and 18 f of the act, to enforce and carry out the terms and provisions of the amended plan.
It is further ordered, That this order shall not be operative to authorize the consummation of any of the transactions proposed in the amended plan until an appropriate United States District Court shall, upon application thereto, enter an order enforcing such amended plan.
It is further ordered and recited, That all steps and transactions involved in the consummation of the amended plan, in cluding particularly the issuances, ex changes, acquisitions, transfers, distri butions, deliveries of sales, hereinafter described and recited in subparagraphs numbered I through VI set forth below are necessary or appropriate to effectu ate the provisions jf section 11 b of the Public Utility Holding Company Act of 1935 and are hereby authorized, ap proved and directed; the stock and secu rities and other property which are or dered to be issued, exchanged, acquired, transferred, received and sold upon such transactions being specified and itemized as follows:
I. The applicant will issue 259,078
shares of new Common Stock with a par value of $10 per share to the holders of its existing 47,105 shares of $5 First Pre ferred Stock in the proportion of 5%
shares of new Common Stock for each share of $5 First Preferred Stock upon surrender of and in exchange for the cer tificates representing such $5 First Pre ferred Stock.
II. The applicant will issue 2,734 shares of new Common Stock with a par value of $10 per share to the holders of its exist ing 27,338 shares of Second Preferred Stock In the proportion of Ho of a share of new Common Stock for each such share of Second Preferred Stock upon
surrender of and in exchange for the FEDERAL POWER COMMISSION
certificates representing such Second D ocket No. G-669
Preferred Stock.
HI. No fractional shares of new Com M ic h ig a n -W is c o n s in P ip e L in e C o .
mon Stock will be issued by the appli cant under subparagraphs I and II next NOTICE OP ORDER DENYING APPLICATIONS FOR
RECONSIDERATION AND VACATION, OR, IN
above, but in lieu thereof the applicant T H E ALTERNATIVE, FOR A REHEARING OF
will issue Scrip Certificates,-exchange ORDER ISSU ING CERTIFICATE OF PUBLIC
able for full shares within two years from CONVENIENCE AND NECESSITY
the first day of the month in which the amendment to the Articles of Incorpora J anuary 15, 1947.
tion of the applicant creating such neiw Notice is hereby given that, on January Common Stock shall become effective. 15, 1947, the Federal Power CoriTmission After the expiration of such two year issued its order denying applications for period, the applicant will sell the shares reconsideration and vacation, or, in the of new Common Stock reserved for issue alternative, for a rehearing of order issu in exchange for Scrip Certificates, and ing certificate of public convenience and for a period of three additional years necessity, entered January 14, 1947, in holders of Scrip Certificates will be en the above-designs ted matter.
titled to receive their pro rata share of se a l
L eon M . F uquay, the proceeds of sale, at the end of which Secretary.
time the Scrip Certificates shall be void for all purposes.
F. R. Doc. 47-554; F iled , Jan. 20, 1947;
8:51 a. m .
IV. Holders of existing $5 First Pre ferred Stock and Second Preferred Stock who do not surrender their stock, cer D ocket No. IT-6016
tificates in exchange for shares of the new Common Stock and/or Scrip Certif C o o rdinat io n o f E lectric F ac il itie s in t h e C o nservatio n o f C oal icates or cash proceeds after the initial two year period referred to in subpara ORDER TERMINATING EMERGENCY AND
graph HI next above within five years REVOKING EXEMPTIONS
from the first day of the month in which J anu a ry 10,1947.
the amendment to the Articles of In It appears to the Commission that:
corporation of the applicant creating a Because of the virtual cessation of suc.h new Common Stock shall become coal mining, this Commission on Novem effective, shall not thereafter be entitled ber 22, 1946, entered a finding and de or permitted to make such exchange, and termination of the existence of an emer the shares of the existing stock then held gency within the meaning of section 202
by them shall be void for all purposes. of the Federal Power Act in the produc V. All existing Common Stock of the tion of electric energy in the United applicant will be cancelled and no new States.
b As an aid in alleviating the critical shares will be issued therefor.
VI. The foregoing transactions or any coal situation, the Commission author of them may be effectuated through and ized electrical utility systems to coordi deliveries may be made directly by the nate operations through use of intercon applicant or to or through exchange nections without such use affecting the status of electric utilities agents or otherwise, the certificates for jurisdictional under the Federal Power Act.
such shares of new Common Stock and The Commission finds and determines such Scrip Certificates shall be in such that: The emergency for which the find form and the sale of such shares of new ing and determination of November 22, Common Stock reserved for issue in ex 1946, was issued no longer exists; and change for Scrip Certificates shall be wherefore
made in such manner and upon such The Commission orders that r The au terms and conditions, all as may be de thority and exemption provided for in termined by the Board of Directors of the said action of November 22, 1946, be the applicant consistent with the Court and it hereby is revoked, effective thirty 30 days from the date of issuance of order enforcing the amended plan and within the time limits, specified in the this order.
a blended plan or in said Court order.
Date of Issuance: January 10, 1947.
By the Commission.
By the Commission.
SEAL

ORVAL L . DUBOIS,
Secretary.
F. R. Doc, 47-488; F iled , Jan. 17, 1947;
8:49 a. m .

seal

L eon M . F uq u a y ,
Secretary.
F. R. Doc. 47-505; F iled, Jan. 17, 1947;
8:46 a. m .