SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
- ---------------------------------
In the Matter of
CERTIFICATE
New Century Energies, Inc.
OF
File No. 70-9007
NOTIFICATION
(Public Utility Holding Company
Act of 1935)
- ----------------------------------
This Certificate of Notification is filed by New Century Energies, Inc.
("NCE"), a Delaware corporation, pursuant to Rule 24. Such filing is made in
connection with NCE's Form U-1 Application-Declaration, as amended (the
"Application-Declaration"), and authorized by the order of the Securities and
Exchange Commission (the "Commission") dated August 1, 1997 in the
above-referenced file (the "Order"). The Order directed that NCE will file with
the Commission certificates pursuant to Rule 24 on a quarterly basis and within
90 days after the end of the last calendar quarter. As a certificate for the
third quarter of 1997 was not filed, this certificate reports transactions from
August 1, 1997 to December 31, 1997.
1.) NCE common stock - New Issue
NCE issued 5,900,000 shares of common stock, par value $.01 on December 10,
1997 ("Common Stock"). On December 10, 1997, the purchase price of the
Common Stock was $42.75 per share and the market price of the Common Stock
was $45.00 per share.
2.) NCE common stock - dividend reinvestment plan and employee benefit plans
NCE issued 331,048 shares under its dividend reinvestment plan and 49,284
shares under its employee benefit plans.
3.) Guarantees issued
The following guarantees were issued.
<TABLE>
<S> <C> <C> <C> <C>
Name of Parent Name of Subsidiary Amount Terms Purpose
- ---------------------------- --------------------------- ----------------- ---------------- ----------------------------
NC Enterprises, Inc. New Century- $10,000,000 Life of Guaranty performance under
Cadence, Inc Operating Operating Agreement
Agreement
NCE e prime inc., Texas-Ohio $ 5,000,000 Expires Guaranty energy purchases
Gas, Inc. 12/1/98 and financial contracts
NCE e prime inc., Texas-Ohio $ 3,000,000 Continuing Guaranty energy purchases
Gas, Inc. and financial contracts
e prime, inc. Texas-Ohio Gas, Inc. $ 4,000,000 Expires Guaranty energy purchases
12/1/98
e prime, inc. Texas-Ohio Gas, Inc. $ 500,000 Continuing Guaranty energy purchases
e prime, inc. Texas-Ohio Gas, Inc. $ 700,000 Expires Guaranty energy purchases
12/31/98
</TABLE>
4.) Short term debt issued
NCE issues and repays short term debt on an on-going basis. As of December
31, 1997, NCE had $97,500,000 in short term debt outstanding at a weighted
average cost of 6.11% and maturities ranging from January 15, 1998 through
January 23, 1998.
5.) Financings consummated by any Utility Subsidiary not exempt under Rule 52
None
6.) Financings consummated by Nonutility Subsidiary not exempt under Rule 52
None
7.) Forms U-6B-2 filed with the Commission
During the reporting period, the following Form U-6B-2 was filed:
Filing Entity Date
New Century Energies, Inc. December 11, 1997
8.) Balance Sheets
The consolidated balance sheet of NCE as of December 31, 1997 is
incorporated by reference. Such balance sheet was filed with NCE's Form
10-K for December 31, 1997 (file number 1-12927).
The consolidated and stand alone balance sheets of e prime, inc. as of
December 31, 1997 are attached as Exhibit A.
The consolidated and stand alone balance sheets of NC Enterprises, Inc. as
of December 31, 1997 are attached as Exhibit B.
9.) Registration Statements
None
Note: In the course of preparing this certificate, NCE became aware that a Form
U-6B-2 should have been filed for two financings by Quixx Corporation. NCE is
currently preparing such filing.
New Century Energies, Inc.
Dated: March 31, 1998 By /s/ James D. Steinhilper
------------------------
James D. Steinhilper
Treasurer
<PAGE>
Exhibit A
Page 1 of 2
E PRIME, INC. AND SUBSIDIARIES
Unaudited Consolidated Balance Sheet
(Thousands of Dollars)
December 31, 1997
ASSETS
Property, plant and equipment, at cost $4,403
Less: accumulated depreciation (550)
----------
Total property, plant and equipment 3,853
Ivestments, at cost 9,690
Current assets:
Cash and temporary cash investments 6,175
Accounts receivable 37,752
Materials and supplies, at average cost 495
Prepaid expenses and other 257
----------
Total current assets 44,679
Intangibles and other assets 15,258
----------
Total assets $73,480
==========
CAPITAL AND LIABILITIES
Common stock $27,199
Retained earnings (deficit) (6,110)
----------
Total common equity 21,089
Long-term debt 180
Current liabilities:
Notes payable and commercial paper 9,500
Long-term debt due within one year 102
Accounts payable 31,181
Customers' deposits 351
Accrued taxes 824
Other 4,067
-----------
Total current liabilities 46,025
Accumulated deferred income taxes 6,186
===========
Total capital and liablities $73,480
============
<PAGE>
Exhibit A
Page 2 of 2
E PRIME, INC.
Unaudited Balance Sheet - Stand Alone
(Thousands of Dollars)
December 31, 1997
ASSETS
Property, plant and equipment, at cost $1,967
Less: accumulated depreciation (318)
-----------
Total property, plant and equipment 1,649
Investments, at cost 20,172
Current assets:
Cash and temporary cash investments 2,709
Accounts receivable 13,688
Prepaid expenses and other 7,661
-----------
Total current assets 24,058
Other assets 462
-----------
Total assets $46,341
===========
CAPITAL AND LIABILITIES
Common stock $27,199
Retained earnings (deficit) (6,110)
------------
Total common equity 21,089
Long-term debt 180
Current liabilities:
Notes payable and commercial paper 9,500
Long-term debt due within one year 102
Accounts payable 9,778
Accrued taxes 320
Other 5,317
------------
Total current liabilities 25,017
Accumulated deferred income taxes 55
============
Total capital and liablities $46,341
============
<PAGE>
Exhibit B
Page 1 of 2
NC Enterprises, Inc.
Unaudited Consolidated Balance Sheet
(Thousands of Dollars)
December 31, 1997
Assets
Property, plant and equipment at cost $47,379
Less: accumulated depreciation 18,949
-------------
Net plant 28,430
Construction work in progress 354
-------------
Total property, plant and equipment 28,784
-------------
Total investments 30,871
Cash and temporary cash investments 27,449
Accounts receivable 63,512
Notes receivable from associated companies 37,116
Materials and supplies 3,260
Prepaid expenses and other 6,987
-------------
Total current assets 138,324
-------------
Total deferred debits 19,461
-------------
Total assets $217,440
=============
Capital and liabilities
Common stock $31,366
Retained earnings (deficit) (6,824)
------------
Total common equity 24,542
Long-term debt 219
------------
Total capital 24,761
------------
Noncurrent liabilities 146
Notes payable to associated companies 130,536
Long term debt due within one year 136
Accounts payable 47,855
Customer deposits 362
Accrued taxes (1,439)
Other 6,032
-------------
Total current liabilities 183,482
-------------
Accumulated deferred income taxes 8,591
Other 460
-------------
Total deferred credits 9,051
-------------
=============
Total capital and liabilities $217,440
=============
<PAGE>
Exhibit B
Page 2 of 2
NC Enterprises, Inc.
Unaudited Balance Sheet - Stand Alone
(Thousands of Dollars)
December 31, 1997
Assets
Investments in subsidiaries $146,873
Accounts receivable - affiliates 1,394
_______________
Total assets $148,267
===============
Capital and liabilities
Common stock $31,366
Retained earnings (deficit) (6,824)
_______________
Total common equity 24,542
Notes payable - affiliates 119,036
Accounts payable - affiliates 4,775
Other (86)
________________
Total capital and liabilities $148,267
================