Federal Register - October 2, 1942

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Source: Federal Register

FEDERAL REGISTER, Friday, October 2, 1942

7822

material allegation contained in said statement and asserting any additional matters by way of defense or counter claim.
It is further ordered, That a hearing for the purpose of determining the na ture, validity and extent of the claim of Illinois Iowa Power Company against North American Light & Power Company and Illinois Traction Company be held at the offices of the Securities and Ex change Commission, 18th and Locust Streets, Philadelphia, Pennsylvania, on the 16th day of November, 1942 at 10:00
A. M., E. W. T., in such room as may be designiated on such day by the hearing room clerk in Room 318.
It is further ordered, That William W.
Swift or any other officer or officers of the Commission designated by it for that purpose shall preside at the hearing in such matter. The officer so designated to preside at any such hearing is hereby authorized to exercise all powers granted the Commission under section 18 c of said Act and to a trial examiner under the Commissions Rules of Practice.
Notice of such hearing is hereby given to North American Light & Power Com pany, The North American Company, Illinois Traction Company, Illinois Iowa Power Company, Des Moines Electric Light Company, Iowa Power and Light Company, Central Terminal Company, Illinois Terminal Railroad Company, The Kansas Power and Light Company, Missouri Power &Light Company, the se curity holders thereof, the creditors thereof, City National Bank & Trust Company of Chicago, successor Trustee under the Debenture Agreement dated July 1, 1926, and to all other persons whose participation in such proceeding may be in the public interest or for the protection of investors or consumers; and such notice shall be given further by a general release of the Commission dis tributed to the press and mailed to the mailing list for releases issued under the Public Utility Holding Company Act of 1935; and notice shall be given further to all persons by publication of this order in the F ederal R egister not later than twenty days prior to the date hereinbe fore fixed as the date of the hearing.
By the Commission.
seal
O rval L. D tjB o is , Secretary.
IF. R. Doc. 42-9737; Filed, September 30,1942;
2:26 p. m.

File No. 70-455
N ortheastern W ater and E lectric C orp ., et AL.
ORDER GRANTING EXTENSION OF TIME

In the matter of Northeastern Water and Electric Corporation, Denis J. Dris coll and Willard L. Thorp, as trustees of Associated Gas and Electric Corporation, Applicants-Declarants.
At a regular session of the Securities and Exchange Commission, held at its office in the City of Philadelphia, Pa., on the 29th day of September 1942.
Northeastern Water and Electric Cor poration, a registered holding company, and Denis J. Driscoll and Willard L.

Thorp, as Trustees of Associated Gas and Electric Corporation, also a registered holding company, having filed applica tions and declarations pursuant to the Public Utility Holding Company Act of 1935, particularly sections 9 a, 10, 12
d and 12 f thereof, and Rules U-9, U-43 and U-44 of the General Rules and Regulations thereunder, with respect to the following transactions:
1. The sale by Northeastern Water and Electric Corporation and the acquisition by the Trustees of Associated Gas and Electric Corporation of all of the securi ties of General Utilities Company, The Ohio Northern Public Service Company, Western Reserve Power and Light Com pany, and New London Power Company, all incorporated under the laws of, and operating in, the state of Ohio, such se curities to be acquired for a consideration of $1,500,000.
2. The sale by the Trustees of Asso ciated Gas and Electric Corporation of 155,747 shares of the common stock of Northeastern Water and Electric Cor poration, to John H. Ware, Jr. and PennJersey Water Company.
The Commission having previously en tered its order herein on March 3, 1942, which order permitted the declarations to become effective and granted the ap plications herein, and which order ap proved a plan pursuant to Section 11 e of the Public Utility Holding Company Act of 1935 and directed the taking of steps to carry out such plan; and The Commission having entered a sup plemental order herein on March 19, 1942, approving said plan and directing Northeastern Water and Electric Cor poration to sell to Denis J. Driscoll and Willard L. Thorp, as Trustees of Asso ciated Gas and Electric Corporation, on or before July 1, 1942, and directing said Trustees to acquire from said North eastern Water and Electric Corporation on or before July 1, 1942, all of the se curities of General Utilities Company, The Ohio Northern Public Service Com pany, and Western Reserve Power and Light Company the last mentioned com pany in turn owning all of the securities of New London Power Company, all of said four last named companies being incorporated under the laws of, and op erating in, the State of Ohio; and The Commission having entered an order herein on July 30, 1942, modifying the orders of March 3, 1942, and March 19, 1942, to the extent necessary to ex tend the time within which such trans actions may be consummated to Sep tember 30, 1942; and Applicants-declarants having requested a further extension of tim> within which to comply with the said orders of the Commission to December 15, 1942, and it appearing appropriate to the Commis sion that such request be-granted;
It is ordered, That the said orders of March 3, 1942, and March 19, 1942, be and hereby are modified to the extent necessary to extend the time within which such transactions may be consum mated to December 15, 1942, and that Northeastern Water and Electric. Cor poration and Denis J. Driscoll and Wil lard L. Thorp, as Trustees of Associated Gas and Electric Corporation, be and hereby are directed on nr before Decem
ber 15, 1942, to carry out the sale and acquisition specified in the said order dated March 19, 1942.
It is further ordered, That nothing herein contained shall modify or affect any provisions of the Commissions or ders of March 3, 1942, and March 19, 1942, not within the subject of this order.
By the Commission.
seal

O rval L. D tjB ois ,
Secretary.
F. R. Doc. 42-9736; Filed, September 30, 1942;
2:26 p. m.

File Nos. 59-11, 59-17 and 54-25
U nited L ight
and
P ower C o .,
et al.

supplemental order, application no .

12

In the matter of the United Light and Power Company, the United Light and Railways Company, Continental Gas &
Electric Corporation, Columbus and Southern Ohio Electric Company and Point Pleasant Water & Light Company.
At a regular session of the Securities and Exchange Commission held at its office in the City of Philadelphia, Pa., on the 29th day of September 1942.
The Commission having issued its order on July 22, 1942, granting applica tions and permitting declarations of Point Pleasant Water & Light Company, Columbus and Southern Ohio Electric Company, Continental Gas & Electric Corporation, the United Light and Rail ways Company and the United Light and Power Company to become effective with respect to the transactions necessary to effect a sale of the assets of Point Pleas ant Water & Light Company to Appa lachian Electric Power Company and the subsequent liquidation and dissolution of Point Pleasant Water & Light Company;
and The aforenamed applicants and dec larants having requested an extension of time until January 31,1943, or such other date as may appear appropriate, within which to carry out certain remaining transactions incidental to said liquida tion and dissolution, the sale of the assets to Appalachian Electric Power Company having heretofore been consummated;
and It appearing appropriate in the pub lic interest and in the interest of in vestors and consumers to grant an exten sion of time within which to accomplish complete compliance with the order of July 22, 1942, It is ordered, That Point Pleasant Water & Light Company, Columbus and Southern Ohio Electric Company, Con tinental Gas & Electric Corporation, the United Light and Railways Company and the United Light and Power Company be and hereby are granted an extension of time until December 31, 1942, to effect and execute the remaining transactions incidental to the complete liquidation and dissolution of Point Pleasant Water & Light Company.
By the Commission.
seal

O rval L. D u B ois ,
Secretary.

F. R. Doc. 42-9740; Filed, September 30,1942;
2:27 p. m.

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Federal Register - October 2, 1942

TitoloFederal Register

PaeseStati Uniti

Data02/10/1942

Conteggio pagine32

Numero di edizioni7850

Prima edizione14/03/1936

Ultima edizione04/09/2026

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