UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): May 24, 2002
MID-POWER SERVICE CORPORATION
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(Exact name of registrant as specified in its charter)
Nevada 2-85602-D 87-0398403
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
3800 Howard Hughes Parkway
Suite 860A
Las Vegas, Nevada 89109
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(Address of principal executive offices) (Zip Code)
(702) 319-7153
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(Registrant's telephone number, including area code)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
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On May 24, 2002, Mid-Power Service Corporation ("Mid-Power") entered
into agreements to purchase two Model GG4A-7 nonflight, Pratt and Whitney
turbine engines for a total of $1,164,000, including the purchase price and
commissions, using available cash. One of the engines was purchased from AES
Alamitos L.L.C. and the other was purchased from AES Huntington Beach L.L.C.
Both entities are subsidiaries of AES Southland, L.L.C. The engines have been
kept on-site at the respective plants as spare engines that could be deployed
within 24 hours for use in the 133 megawatt electric generating peaking plants
owned by the subsidiaries of AES Southland, L.L.C. However, these engines have
never been used. Mid-Power is currently evaluating its options with regard to
the use of the engines. With the purchase of each engine, Mid-Power also
received a right of first refusal to purchase each electric generating peaking
unit. The right of first refusal for the electric generating unit belonging to
AES Huntington Beach L.L.C. expires 120 days from the date of the agreement,
while the right of refusal for the AES Alamitos unit expires 180 days from the
date of the agreement.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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SEC
Exhibit Reference
Number Number Title of Document Location
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Item 10. Material Contract
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10.01 10 Sales Agreement for 1(One) Pratt and This filing
Whitney GG4A-7 Gas Turbine between AES
Huntington Beach L.L.C. and Mid-Power
Service Corporation dated April 26, 2002,
signed May 24, 2002
10.02 10 Sales Agreement for 1(One) Pratt and This filing
Whitney GG4A-7 Gas Turbine between AES
Alamitos L.L.C. and Mid-Power Service
Corporation dated April 26, 2002, signed
May 24, 2002
10.03 10 Right of First Refusal among AES This filing
Huntington Beach, L.L.C., AES Alamitos,
L.L.C. and Mid-Power Corporation entered
May 24, 2002
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MID-POWER SERVICE CORPORATION
Dated: June 4, 2002 By: /s/ Kenneth M. Emter
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Kenneth M. Emter, Secretary/Treasurer