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15364

FE D E R A L R E G IST E R , Thursday , December 27, 1945

gated under the Public Utility Holding Company Act of 1935, by Stanley Clarke, Trustee of Associated Gas and Electric Company, and Denis J. Driscoll and Willard L. Thorp, Trustees of Associated Gas and Electric Corporation, registered holding companies, and their subsidi aries, Associated Electric Company, Canadea Power Corporation, Gas and Electric Associates, General Public Util ities Corporation formerly Associated Utilities Corporation, General Gas &
Electric Corporation, NY PA NJ Utilities Company, The Railway and Bus Asso ciates, and The United Coach Company, for exemption from the provisions of Rule U-45 a promulgated under sec tion 12 of the act, with respect to the execution of a proposed tax allocation agreement relating to liabilities arising out of the filing of consolidated New York State franchise tax returns by the ap plicants; and It appearing to the Commission that the requirements of Rule U-45 a, as applied to such proposed transactions, are not necessary or appropriate in the public interest or for the protection of investors or consumers;
It is ordered, Pursuant to the pro visions of said Rule U-100 a, that said application be, and hereby is, granted forthwith.
By the Commission.
seal

O rval L. D tjB o is ,
Secretary, P. R. Doc. 45-22876; Filed, Dec. 26, 1945;
10:01 a. m.
File No. 70-1172
L ong I sland L ighting C o.
ORDER PERMITTING WITHDRAWAL OF
DECLARATION

At a regular session of the Securities and Exchange Commission, held at its office in the City of Philadelphia, Pa., on the 21st day of December 1945.
Long Island Lighting Company, a reg istered holding company and also a public-utility company operating in the State of New York, having filed a dec laration, and amendments thereto, pur suant to section 7 of the Public Utility Holding Company Act of 1935, regarding the issue and sale, at an aggregate cash price of $7,000,000, of three 2% ten-year promissory notes, to be dated December 27,1945, to be payable in equal quarterly installments, in the aggregate principal amount of $7,000,000; the proceeds of such notes, together with treasury cash, to be utilized by Long Island Lighting Company to redeem, at the redemption price of 102%% of principal amount, its 3%% Sinking Fund Debentures due May 1, 1956, outstanding in the principal amount of $7,510,000; and Declarant having requested permis sion to withdraw said declaration in view of the denial of the Public Service Com mission of the State of New York of a pe tition requesting authority to proceed with such program; and It appearing to the Commission that the withdrawal of such declaration is consistent with the public interest:
It is hereby ordered, That the request of the declarant be, and hereby is.

granted, and said declaration Is hereby deemed withdrawn.
By the Commission.
seal

O rval L. D tjB ois ,
Secretary.
F. R. Doc. 45-22877; Filed, Dec. 26, 1945;
10:01 a. m.

File No. 70-1207
Q ueens B orough G as
and
E lectric C o .

ORDER PERMITTING DECLARATION TO BECOME
EFFECTIVE

At a regular session of the Securities and Exchange Commission, held at its office in the City of Philadelphia, Pa., on the 21st day of December 1945.
Queens Borough Gas and Electric Company, a subsidiary of Long Island Lighting Company, a registered holding company, having filed a declaration, pur suant to section 12 c of the Public Utility Holding Company Act of 1935 and Rule U-42 promulgated thereunder re garding the proposed purchase from the New York Life Insurance Company and the Metropolitan Life Insurance Com pany of $101,000 principal amount, and $700,000 principal amount, respectively, of the non-callable 5% General Mortgage Bonds due July 1, 1952, of Queens Bor ough Gas and Electric Company at a cash price of 122.5641% of principal amount, plus accrued interest to the date of pur chase; and Notice of said filing having been duly giveh in the form and manner prescribed in Rule U-23 promulgated pursuant to said act, and the Commission not having received a request for a hearing with re spect to said declaration within the period specified in said notice, or other wise, and not having ordered a hearing thereon; and The Commission deeming it appropri ate in the public interest and the in terest of investors and consumers to per mit said declaration pursuant to Rule U-42 to become effective, and finding that the requirements of section 12 c are satisfied:
It is hereby ordered, Pursuant to Rule U-23 and the applicable provisions of said act, and subject to the terms and conditions prescribed in Rule U-24, that said declaration, be, and hereby is, per mitted to become effective forthwith.
By the Commission.
seal
O rval L. D u B o is , Secretary.
F. R. Doc. 45-22878; Filed, Dec. 26, 1945;
10:01 a. m.J

File Nos. 70-1187, 59-5
W est T exas U tilities Co .

et al.

ORDER PERMITTING APPLICATIONS AND DECLA
RATIONS TO BECOME EFFECTIVE

At a regular session of the Securities and Exchange Commission, held at its office in the City of Philadelphia, Pa., on the 20th day of December, A. D. 1945.
In the Matter of West Texas Utilities Company, Central Power and Light Com pany, Central and South West Utilities Company, File No. 70-1187; The Middle
West Corporation" and Its Subsidiary Companies, File No. 59-5.
Central and South West Utilities Com pany, a registered holding company and two of its public utility subsidiaries, West Texas Utilities Company and Central Power and Light Company, having filed - joint applications and declarations and an amendment thereto pursuant to the Rublic Utility Holding Company Act of 1935, particularly sections 10 and 12
thereof, regarding a proposal by Central Power and Light Company to sell its elec tric and ice properties in the Big Bend area of Texas located in Reeves, Jeff Davis, Presidio and Brewster Counties, Texas, to West Texas Utilities Company for a base consideration of $815,000 in cash plus an amount equal to the net cost of property additions made between Sep tember 30,1945 and the closing date, and minor adjustments; and Said companies having requested that the Commission modify certain orders heretofore entered in the matter of The Middle West Corporation and its sub sidiary companies, File No. 59-5, requir ing the divestment of the said Big Bend electric and ice properties by Central and South West Utilities Company and Cen tral Power and Light Company pursuant to section 11 b 1 of the act and alleging changed circumstances as the basis for such request; and The said proceedings pursuant to sec tion 11 b 1 having been reconvened and consolidated with the proceedings pursuant to said applications and dec larations, and a public hearing having been held in respect of such consoli dated proceedings after appropriate no tice, and the Commission having con sidered the record and having made and filed its findings and opinion herein:
It is ordered, That said applications and declarations as amended be, and the same hereby are, granted and permitted to become effective forthwith subject to the terms and conditions prescribed in Rule U-24 and to the further condition that jurisdiction is reserved over all ac counting entries to be recorded on the books of Central Power and Light Com pany in connection with the proposed transaction.
It is further ordered, That the orders of the Commission adopted January 24, 1944 and February 16, 1945 in the Matter of The Middle West Corporation and its subsidiary companies, File No. 59-5, be modified by deleting those portions thereof requiring Central and South West Utilities Company to divest itself of the utility and non-utility assets of Central Power and Light Company in the Big Bend area of Texas: Provided, however, That the effectiveness of that portion of this order modifying the said prior orders shall be conditioned upon the completion by West Texas Utilities Company prior to December 31, 1946, of its proposed program for interconnec ting the Big Bend electric properties, ex cepting Presidio, with its present elec tric properties.
By the Commission.
seal
O rval L. DuBois, Secretary.
F. R. Doc. 45-22879; Filed, Dec. 26, 1945;
10:01 a. m.