Public Utility Holding Companies Claiming Exemption

Under Sections 3(a)(1) and 3(a)(2) from the Provisions of

The Public Utility Holding Company Act of 1935

As of July 24, 2003

* See Notes To This List Below

Notes

Section 3(a) (1) and 3(a) (2) of the Public Utility Holding Company Act of 1935 provide exemptions for intrastate public utility holding companies from all provisions of the Act, except Section 9(a)(2).* Section 3(c) of the Act gives the Securities and Exchange Commission authority to revoke an exemption if, at any time, it finds that the circumstances which gave rise to the exemption no longer exist.

The intrastate public utility holding company claiming exemption under Section 3(a)(1) or 3(a)(2) of the Act is required to file Form U-3A-2 to continue its exemption as an intrastate holding company. Form U-3A-2 is filed with the Commission annually before March 1.

Section 9(a)(2) requires Commission approval for a direct or indirect acquisition of five percent or more of the outstanding voting securities of any other electric or natural gas public-utility company.

Public Utility Holding Companies Claiming Exemption

Under Rule 3 * from the Provisions of

The Public Utility Holding Company Act of 1935

As of July 24, 2003

* Rule 3 of the Act provides exemption from the Act for bank holding companies that own, control or hold with power to vote any securities of any public utility company if the bank holding company holds the securities as collateral for a bona fide debt, holds the securities in the ordinary course of its business as a fiduciary or has acquired the securities solely for the purposes of liquidation in connection with a bona fide debt previously contracted and has owned the securities beneficially for a period of not more than two years.

http://www.sec.gov/divisions/investment/opur/exempt.htm