SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-57
NOTIFICATION OF FOREIGN UTILITY COMPANY STATUS
Filed under section 33(a) of the
Public Utility Holding Company Act of 1935, as amended
EMPRESA RIO ELECTRICO SOCIEDAD ANONIMA
(Name of foreign utility company)
Constellation Power International Investments, Ltd.
(Name of filing companies, if filed on behalf of
a foreign utility company)
Item 1:
------
The name and address of the entity claiming foreign utility
company status is Empresa Rio Electrico Sociedad Anonima ("Riolec"), c/o Empresa
Valle Hermoso S.A., Tarija E-1425, Cochabamba, Republica de Bolivia, Attn:
Carlos Querejazu, General Manager. Riolec is a corporation organized and
existing under the laws of the Republic of Bolivia. Empresa Valle Hermoso S.A.,
a corporation organized and existing under the laws of the Republic of Bolivia
("EVH") owns 98% of Riolec, and the employees of EVH own 2% of Riolec. EVH is a
corporation organized and existing under the laws of the Republic of Bolivia
that was formed by The Bolivian Generating Group, LLC, a limited liability
company organized and existing under the laws of the Cayman Islands, and
Cititrust (Bahamas) Limited, trustee on behalf of the people of Bolivia and the
employees of EVH. Constellation Power International Investments, Ltd., an
exempted company with limited liability organized and existing under the laws of
The Cayman Islands, through partially owned subsidiaries, owns 13.98% of the
voting securities of EVH. PPL Global, LLC ("PPLG"), through wholly and partially
owned subsidiaries, owns 14.38% of the voting securities of EVH.
Riolec operates a hydroelectric utility facility, Planta
Hidroelectricas de Rio Yura,
-2-
(the "Project") located on the Rio Yura, in the Province Quijarro del
Departmento de Potosi. The Project is owned by La Corporacion Minera de Bolivia.
The utility assets operated by Riolec comprise electric generating equipment at
the Project capable of producing approximately 18.5 megawatts (net) of power and
control equipment and other utilities-producing facilities, as well as
interconnecting transmission facilities to interconnect the Project's power
generating equipment with the Bolivian transmission grid.
The persons holding 5% or greater of the voting securities in
Riolec are:
Person Amount Type of Security
------ ------ ----------------
Constellation Power
International Investments, Ltd. 13.98% Indirect equity interest
PMDC Energia Ltd. 14.38% Indirect equity interest
OPDB, Ltd. 11.82% Indirect equity interest
Energia Andina S.A. 8.82% Indirect equity interest
People of Bolivia 48.51% Indirect equity interest
Item 2:
------
Baltimore Gas and Electric Company ("BGE") is a domestic
public utility company that is an associate company of Constellation Power
International Investments, Ltd. ("CPII"). CPII is a subsidiary company of
Constellation Energy Group, Inc. BGE has not made an investment in and has no
contractual relationship with EVH and no such investment or contractual
relationship is contemplated.
PPL Electric Utilities Corporation ("PPL EUC") is a domestic
public utility company that is a subsidiary company of PPL Corporation and an
associate company of PPLG. PPL EUC has not made an investment in and has no
contractual relationship with Riolec, and no such investment or contractual
relationship is contemplated.
-3-
EXHIBIT A
A certifications of resources and authority previously has
been filed with the Commission by the Maryland Public Service Commission, the
state commission that regulates the retail rates of BGE. A certification of
resources and authority previously has been filed with the Commission by the
Pennsylvania Public Utility Commission, the state commission that regulates the
retail rates of PPL Electric Utilities Corporation.
-4-
Constellation Power International Investments, Ltd has duly
caused this statement to be signed on their behalf by the undersigned thereunto
duly authorized.
/s/ Victor A. Contract
--------------------------------
Michael D. Hornstein, Esq.
Victor A. Contract, Esq.
Orrick, Herrington & Sutcliffe LLP
3050 K Street, N.W.
Washington, D.C. 20007
(202) 339-8400
Attorneys for Constellation Power
International Investments, Ltd.
August 27, 2002