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U.S. Securities and Exchange Commission

SECURITIES AND EXCHANGE COMMISSION

(Release No. 35-27833; 70-10023)

C&T Enterprises, Inc., et al.

Supplemental Order Authorizing Extension of Time

April 2, 2004

C&T Enterprises, Inc. ("C&T"), Lewisburg, Pennsylvania, a Pennsylvania corporation and a public-utility holding company exempt from registration under section 3(a)(1) of the Public Utility Holding Company Act of 1935, as amended, ("Act") by order of the Commission, Claverack Rural Electric Cooperative, Inc. ("Claverack"), Wysox, Pennsylvania, a Pennsylvania rural electric cooperative and a holding company exempt from registration under section 3(a)(1) of the Act by order of the Commission1, Tri-County Rural Electric Cooperative, Inc. ("Tri-County"), a Pennsylvania rural electric cooperative and a holding company exempt from registration under section 3(a)(1) of the Act by order of the Commission, and Wilderness Area Utilities, Inc. ("Wilderness"), a Pennsylvania corporation and a public-utility holding company exempt from registration under section 3(a)(1) of the Act by order of the Commission, both of Mansfield, Pennsylvania, (collectively, "Applicants"), have filed with the Commission a post-effective amendment ("Application") to its application, as amended, requesting an extension of time to report certain financial information.

On October 31, 2002, the Commission issued an order (Holding Company Act Release No. 27950; October 31, 2002) ("Order") (i) approving C&T's proposed acquisition of Valley Energy, Inc. and (ii) granting exemptions under section 3(a)(1) of the Act to C&T, to its parents Tri-County and Claverack, and to Tri-County's wholly-owned subsidiary Wilderness. That Order required C&T to file certificates under rule 24 within 90 days after the close of the Applicants' fiscal year (i) stating the operating margin for each of C&T, Valley, and Valley's New York operations (before intercompany eliminations) and the percentage contribution of each for the past year, to the total combined operating margin (after intercompany eliminations) of C&T and Valley; and (ii) including financial statements for C&T, Claverack, Tri-County and Valley.

Applicants state that in compliance with the Order, they filed the required information and financial statements for the fiscal year 2002 on April 9, 2003. For fiscal year 2003, C&T had anticipated filing the required information on or before March 31, 2004 in compliance with the Order. However, due to unexpected delays with respect to the preparation of Tri-County's financial statements and with respect to a valuation that is necessary for the completion of the Claverack financial statement, Applicants state they will not be able to meet this deadline for all the required information. Applicants therefore request an extension of time that would allow C&T until June 1, 2004 to prepare and file the financial statements for Claverack and Tri-County. C&T will file the operating margin for each of C&T, Valley, and Valley's New York operations (before intercompany eliminations) and the percentage contribution of each for the past year, to the total combined operating margin (after intercompany eliminations) of C&T and Valley and financial statements for C&T and Valley in compliance with the Order on or before March 31, 2004.

No fees, commissions and expenses are expected to be incurred in connection with the filing of the Amendment. Applicants state that no state or federal commission, other than this Commission, has jurisdiction over the proposed transactions.

On the basis of the facts in the record, it is found that the applicable standards of the Act and rules under the Act are satisfied, and no adverse findings are necessary.

IT IS ORDERED, under the applicable provisions of the Act and the rules under the Act, that, the Application, be, and hereby is, granted effective immediately, subject to the terms and conditions prescribed in rule 24 under the Act.

For the Commission, by the Division of Investment Management, pursuant to delegated authority.


Margaret H. McFarland
Deputy Secretary


Endnotes:


http://www.sec.gov/divisions/investment/opur/filing/35-27833.htm

Modified: 04/05/2004