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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING


(Check One):
 
ý Form 10-K
 
o Form 20-F
 
o Form 11-K
 
o Form 10-Q
 
o Form N-SAR

 
 
For Period Ended:
 
December 31, 2001
    o Transition Report on Form 10-K
    o Transition Report on Form 20-F
    o Transition Report on Form 11-K
    o Transition Report on Form 10-Q
    o Transition Report on Form N-SAR
    For the Transition Period Ended:        
           

Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:


PART I—REGISTRANT INFORMATION

Electric City Corp.
Full Name of Registrant

Former Name if Applicable

1280 Landmeier Road
Address of Principal Executive Office (Street and Number)

Elk Grove Village, IL 60007
City, State and Zip Code

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PART II—RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

  (a)   The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
ý (b)   The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition report on Form 10-Q, orportion thereof will be filed on or before the fifth
  (c)   The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III—NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report portion thereof, could not be filed within the prescribed time period.

Refer to Attachment A

PART IV—OTHER INFORMATION

(1)   Name and telephone number of person to contact in regard to this notification

 
 
Jeffrey Mistarz
 
847
 
437-1666
   
(Name)		  
(Area Code)		  
(Telephone Number)

(2)
 
Have all other periodic reports reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).

 
 
 
 
ý Yes        o No
 
 
(3)   Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

 
 
 
 
o Yes        ý No
 
 

 
 
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

 
 
Electric City Corp.
   
(Name of Registrant as Specified in Charter)

 
 
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date
 
April 1, 2002
 
By
 
/s/  JEFFREY MISTARZ      
            Jeffrey Mistarz, Chief Financial Officer

INSTRUCTION: The form may be signed by an executive officer of the registrant of by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (orther than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form.

   
  ATTENTION  
   

International misstatements or omissions of fact
constitute Federal Criminal Violations
(See 18 U.S.C. 1001).

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General Instructions

1.
This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules and Regulations under the Securities Exchange Act of 1934.

2.
One signed original and four conformed copies of this form and amendments thereto must be completed and filed with the Securities and Exchange Commission, Washington, D.C. 20549, in accordance with Rule0-3 of the General Rules and Regulations under the Act. The information contained in or filed with the form will be made a matter of public record in the Commission files.

3.
A manually signed copy of the form and amendments thereto shall be filed with each national securities exchange on which any class of securities of the registrant is registered.

4.
Amendments to the notifications must also be filed on form 12b-25 but need not restate information that has been correctly furnished. The form shall be clearly indentified as an amended notification.

5.
Electronic filers. This form shall not be used by electronic filers unable to timely file a report solely due to electronic difficulties. Filers unable to submit a report within the time period prescribed due to difficulties in electronic filing should comply with either Rule 201 or Rule 202 of Regulation S-T (§232.201 or §232.202 of this chapter) or apply for an adjustment in filing date pursuant to Rule 13(b) of Regulation S-T (§232.13(b) of this Chapter).

http://www.sec.gov/divisions/corpfin/forms/12b-25.htm
Last update: 07/20/2000

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Attachment A

        The Company is in negotiations with a number of lending institutions to obtain a new revolving credit facility to replace that which expired on March 22, 2002, of which the Company was only recently informed would not be renewed. Key executives and personnel of the Company who would otherwise have been utilized to prepare and complete the Annual Report on Form 10-KSB have been diverted to these negotiations with prospective lenders. Accordingly, the Company has been unable to complete the Annual Report on Form 10-KSB in a timely manner. However, the Company anticipates that such negotiations will be completed and the Company will be able to file its Annual Report on Form 10-KSB for the fiscal year ended December 31, 2002 prior to the end of the extension period.

/s/ Jeffrey Mistarz, Chief Financial Officer