We present an extensive investigation (magnetic, electric and thermal measurements and X-ray absorption spectroscopy) of the Pr 0.5 Ca 0.5 CoO 3 and (Pr 1-y Y y ) 0.7 Ca 0.3 CoO 3 (y = 0.0625 -0.15) perovskites, in which a peculiar metal-insulator (M-I) transition, accompanied with pronounced structural and magnetic anomalies, occurs at 76 K and 40 -132 K, respectively. The inspection of the M-I transition using the XANES data of Pr