SEC Info - General Fidelity Insurance Co - ‘U-7D/A’ for 1/22/98 re: San Diego Gas & Electric Co

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General Fidelity Insurance Co – ‘U-7D/A’ for 1/22/98 re: San Diego Gas & Electric Co

As of: Friday, 1/30/98 · For: 1/22/98 · Accession #: 929624-98-90 · File #: 32-00376

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 1/30/98  General Fidelity Insurance Co     U-7D/A      1/22/98    1:7K   San Diego Gas & Electric Co       Donneley R R & S… Inc/FA

Amendment to Certificate Concerning Lease of a Utility Facility — Form U-7D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: U-7D/A      Form U-7D Amendment #3                                 4     15K 

U-7D/A 1st Page of 4 TOC ↑Top Previous Next ↓Bottom Just 1st
 
FORM U-7D 

CERTIFICATE PURSUANT TO RULE 7(d) 
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935  

                                                              Amendment No. 3/*/

 The undersigned certify that this certificate accurately summarizes, as
required in the instructions thereto, the information requested as to the lease 
identified herein and the transactions for the financing thereof.               

1.   Lessee public-utility company:  San Diego Gas & Electric Company           

Address:  101 Ash Street                                              
P.O. Box 1831                                     
San Diego, CA  92112                              

2.   Date:  August 22, 1978                                                     

2a.  Date facility was placed in service (commercial operation):  October 31,   
1978                                                                  

3.   Regulatory authority which has acted on transaction:                       

Name:  California Public Utilities Commission.                        

Date of Original Order:  July 11, 1978.                               

Date of Supplemental Opinion and Supplemental Order:  June 3, 1993.   

4.   Initial term of lease:  25 years from January 1, 1979                      

4a.  Renewal options:  May be extended for up to 15 years at lessee's election  

5.   Brief description of facility:                                             

   Oil or gas-fired steam turbine electric generating plant with a base load
capacity of 315 (net) megawatts known as "Encina Unit 5."             

6.   Principal manufacturer or supplier:  San Diego Gas & Electric Company      

7.   Cost of facility:  $133,311,668.09                                         

8.   Basic rent.  Initial term:  $252,003,934.23.                               

------------------------                                                        
/*/  The original Form U-7D for the above-described transaction was executed on 
August 21, 1978.  Because that filing (and two subsequent amendments  
   thereto) were made prior to the mandatory use of the EDGAR filing system,
this amendment restates the entire form.  The changes to the currently
effective filing are contained in items 9 and 10 hereof.              

U-7D/A 2nd Page of 4 TOC 1st Previous Next ↓Bottom Just 2nd
8a.      Periodic installment:                                                  

                                                                [Download Table]

Installment Number     Amount      Installment Number     Amount   
------------------     ------      ------------------     ------   
                                                                   
        1-29        $5,057,005.38           40         2,509,015.62
         30          2,509,015.62           41         7,527,046.87
         31          7,527,046.87           42         2,509,015.62
         32          2,509,015.62           43         7,527,046.87
         33          7,527,046.87           44         2,509,015.62
         34          2,509,015.62           45         7,527,046.87
         35          7,527,046.87           46         2,509,015.62
         36          2,509,015.62           47         7,527,046.87
         37          7,527,046.87           48         2,509,015.62
         38          2,509,015.62           49         7,527,046.87
         39          7,527,046.87           50         4,990,153.30

Period:  semiannually                                                 

Renewal term:  fair market rental value payable semiannually.         

9.   Holder of legal title to facility:                                         

  Sanwa Bank California, as Owner Trustee under Trust Agreement dated June
15, 1978 between Lloyds Bank California, the predecessor to the Owner 
     Trustee, and General Fidelity Insurance Company as successor in interest to
 BA Leasing & Capital Corporation (formerly known as BameriLease, Inc.).

Address:  601 South Figueroa Street                                   
Los Angeles, California 90017                     
Mail Sort W10-4                                   

10.  Holders of beneficial interests:                                           

                                                                [Download Table]

                                                           Percent of 
           Name & Address              Amount Invested:     Equity:   
           --------------              ----------------    -----------
                                                                      
General Fidelity Insurance Company      $42,231,668.09         100%   
555 California Street, 4/th/ Floor                                    
San Francisco, CA 94104                                               

U-7D/A 3rd Page of 4 TOC 1st Previous Next ↓Bottom Just 3rd
11.  If part or all of the financing is supplied by loan on which only principal
and interest is payable, state:                                       

Original Financing: 
------------------  

Amount borrowed;  $91,080,000.00                                      

Interest Rate:  9.5%                                                  

Number of Lenders:  8                                                 

Terms of repayment:  Amounts:                                         

                                                                [Download Table]

Installment Number       Amount      Installment Number      Amount     
------------------       ------      ------------------      ------     
                                                                        
        1-29        $  5,057,005.38           40         $  3,280,189.51
         30            5,004,308.68           41            3,280,188.19
         31            4,486,771.57           42            3,044,243.02
         32            4,237,800.84           43            3,044,240.39
         33            4,237,800.84           44            2,809,806.64
         34            3,996,446.48           45            2,809,801.37
         35            3,996,442.53           46            2,695,221.23
         36            3,756,354.49           47            2,695,217.27
         37            3,756,347,90           48            2,576,155.60
         38            3,517,580.20           49            2,576,151.65
         39            3,517,578.88           50            2,521,707.65
                                                         ---------------
                                                         $218,499,306.17
                                                         ===============

Period:  semiannually (in arrears over 25 years).                     

July 1, 1993 Refinancing: 
------------------------  

Amount borrowed;  $49,496,627.13                                      

Interest Rate:  6.29%                                                 

Number of Lenders:  3                                                 

U-7D/A Last Page of 4 TOC 1st Previous Next ↓Bottom Just 4th
Terms of repayment:  Amounts:                                                   

                                                                [Download Table]

Installment Number       Amount     Installment Number      Amount    
------------------       ------     ------------------      ------    
                                                                      
          1         $ 1,556,668.92           12         $ 7,527,046.87
          2           1,556,668.92           13           2,509,015.62
          3           1,556,668.92           14           7,527,046.87
          4           4,571,336.06           15           2,509,015.62
          5           1,785,339.70           16           5,299.770.06
          6           6,789,987.44           17              12,577.97
          7           2,509,015.62           18              12,577.97
          8           7,527,046.87           19              12,577.97
          9           2,509,015.62           20              12,577.97
         10           7,527,046.87           21             412,512.96
         11           2,509,015.62                      --------------

     TOTAL                                              $66,232,521.40
                                                        ==============

Period:  semiannually (in arrears over 10.5 years).                   

Date executed:  January 29, 1998                                                

Signature of Holder of legal title:         SANWA BANK CALIFORNIA, as Owner     
               Trustee

                                    By /s/ Patricia A. Ohanasian
                                               ---------------------------------
                                   Patricia A. Ohanasian
                            Vice President

                                Name /s/ Debra J. Pruett
                                                 -------------------------------
                                 DEBRA J. PRUETT
                                VICE PRESIDENT

Signature of Holder of beneficial interest: GENERAL FIDELITY INSURANCE COMPANY  

                                By /s/ Cheryl A. Sorokin
                                               ---------------------------------

                              Name Cheryl A. Sorokin
                                                 -------------------------------
                               Secretary

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Dates Referenced Herein

		Referenced-On Page
This ‘U-7D/A’ Filing	Date	First	Last	Other Filings

	2/2/98			None on these Dates
Filed on:	1/30/98
	1/29/98	4
For Period End:	1/22/98
	7/1/93	3
	6/3/93	1
				List all Filings

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Filing Submission 0000929624-98-000090 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

General Fidelity Insurance Co – ‘U-7D/A’ for 1/22/98 re: San Diego Gas & Electric Co

As of: Friday, 1/30/98 · For: 1/22/98 · Accession #: 929624-98-90 · File #: 32-00376

Amendment to Certificate Concerning Lease of a Utility Facility — Form U-7DFiling Table of Contents

Dates Referenced Herein

Amendment to Certificate Concerning Lease of a Utility Facility — Form U-7D
Filing Table of Contents