SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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In the Matter of
CERTIFICATE
New Century Energies, Inc.
OF
File No. 70-9007
NOTIFICATION
(Public Utility Holding Company
Act of 1935)
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This Certificate of Notification is filed by New Century Energies, Inc.
("NCE"), a Delaware corporation, pursuant to Rule 24. Such filing is made
pursuant to NCE's Form U-1 Application-Declaration, as amended (the
"Application-Declaration"), and the orders of the Securities and Exchange
Commission (the "Commission") dated August 1, 1997 (HCAR No. 26750) (the
"Order") and May 14, 1998 (HCAR No. 26872) in the above-referenced file. The
Order directed that NCE file with the Commission certificates pursuant to Rule
24 on a quarterly basis within 60 days from the end of the first three quarters
and within 90 days from the end of the last calendar quarter. As such, this
certificate reports transactions from January 1, 1998 through March 31, 1998
(the "First Quarter").
1.) NCE common stock - New Issue None.
2.) NCE common stock - dividend reinvestment plan and employee benefit plans
NCE issued 211,576 shares under its dividend reinvestment plan and 278,653
shares under its employee benefit plans.
3.) Guarantees issued
The following guarantees were issued during the first quarter of 1998.
Name of Parent Name of Subsidiary Amount Terms Purpose
- --------------------------------------------------------------------------------
*NCE e prime,Texas Ohio $3,000,000 Open Energy purchases
Gas, Inc. and financial
contracts
*e prime, inc. Texas-Ohio Gas, $ 500,000 Continuing Guarantee energy
Inc. purchases
<PAGE>
*e prime, inc. Texas-Ohio Gas, $ 700,000 Expires Guarantee energy
Inc. 12/31/98 purchases
*Previously reported on NCE's Rule 24 Certificate filed March 31, 1998.
4.) Short term debt issued
NCE issues and repays short term debt on an on-going basis. As of March
31, 1998 NCE had $96,500,000 in short term debt outstanding at a weighted
average cost of 5.84% and maturities ranging from April 20, 1998 to May
22, 1998.
5.) Financings consummated by any Utility Subsidiary not exempt under Rule 52
Yorkshire Power Finance Limited ("Yorkshire Finance"), a wholly owned
subsidiary of Yorkshire Power Group Limited which is 50% owned by New
Century International, Inc., was incorporated under the laws of the Cayman
Islands on August 18, 1997. Yorkshire Finance exists solely for the purpose
of operating as a financing vehicle for Yorkshire Power Group Limited
("YPG"). Yorkshire Finance's first financings were completed in the First
Quarter and reported on two Form U-6B-2s filed by Yorkshire Power Group
Limited and Yorkshire Power Finance Limited.
PSCO Capital Trust I ("PSCO Trust"), a wholly owned subsidiary of Public
Service Company of Colorado, was incorporated under the laws of the State
of Delaware on February 27, 1998. PSCO Trust exists solely for the purpose
of issuing undivided beneficial interests in the assets of PSCO Trust.
6.) Financings consummated by any Nonutility Subsidiary not exempt under
Rule 52
None
7.) Forms U-6B-2 filed with the Commission
None
8.) Balance Sheets
The consolidated balance sheet of NCE as of March 31, 1998 is incorporated
by reference. Such balance sheet was filed with NCE's Form 10-Q for March
31, 1998 (file number 1-12927).
The consolidated and stand alone balance sheets of e prime, inc. as of
March 31, 1998 are attached as Exhibit A.
9.) Registration Statements
None
<PAGE>
New Century Energies, Inc.
Dated: June 1, 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)
March 31, 1998
ASSETS
Property, plant and equipment, at cost 3,733
Less: accumulated depreciation (691)
------------
Total property, plant and equipment 3,042
Investments, at cost 9,956
Current assets:
Cash and temporary cash investments 6,046
Accounts receivable 41,107
Materials and supplies, at average cost 386
Prepaid expenses and other 326
------------
Total current assets 47,865
Intangibles and other assets 15,209
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Total assets 76,072
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CAPITAL AND LIABILITIES
Common stock 27,199
Retained earnings (6,006)
------------
Total common equity 21,193
Long-term debt 154
Current liabilities:
Notes payable and commercial paper 14,500
Long-term debt due within one year 102
Accounts payable 30,432
Customers' deposits 351
Accrued taxes 1,065
Other 2,271
------------
Total current liabilities 48,721
Accumulated deferred income taxes 6,004
============
Total capital and liablities 76,072
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<PAGE>
Exhibit A
Page 2 of 2
E PRIME, INC.
Unaudited Balance Sheet - Stand Alone
(Thousands of Dollars)
March 31, 1998
ASSETS
Property, plant and equipment, at cost 1,272
Less: accumulated depreciation (397)
------------
Total property, plant and equipment 875
Investments, at cost 20,397
Current assets:
Cash and temporary cash investments 2,314
Accounts receivable 20,556
Prepaid expenses and other 13,280
------------
Total current assets 36,150
Other assets 1,072
------------
Total assets 58,494
============
CAPITAL AND LIABILITIES
Common stock 27,199
Retained earnings (6,006)
------------
Total common equity 21,193
Long-term debt 154
Current liabilities:
Notes payable and commercial paper 14,500
Long-term debt due within one year 102
Accounts payable 17,704
Accrued taxes 210
Other 4,594
------------
Total current liabilities 37,110
Accumulated deferred income taxes 37
============
Total capital and liablities 58,494
============
