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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
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 July 1, 1998 through September 30, 1998
(the "Third Quarter").
1.) NCE common stock - New Issue None.
2.) NCE common stock - dividend reinvestment plan and employee benefit plans
NCE issued 220,822 shares under its dividend reinvestment plan and 18,219
shares under its employee benefit plans.
<PAGE>
3.) Guarantees issued
The following guarantees were issued during the Third Quarter of 1998.
Guarantor Benefiting Amount Matures Purpose
Subsidiary
- --------------------------------------------------------------------------------
NCE e prime, inc. $5,000,000 8/1/99 Energy purchases
and financial
contracts
NCE e prime, inc. $2,000,000 8/7/99 Energy purchases
and financial
contracts
NCE e prime, inc. $1,000,000 Continuing Energy purchases
NCE e prime, inc. $2,000,000 8/1/99 Energy purchases
and financial
contracts
NCE e prime, inc. $ 150,000 Continuing Energy purchases
and financial
contracts
NCE e prime, inc. $2,000,000 Continuing Retail marketing
NCE e prime, inc. $ 500,000 7/22/99 Energy purchases
and financial
contracts
NCE e prime, inc. $2,000,000 8/10/99 Energy purchases
and financial
contracts
NCE e prime, inc. $5,000,000 7/24/99 Energy purchases
and financial
contracts
NCE e prime, inc. $1,000,000 8/31/99 Energy purchases
and financial
contracts
NCE e prime, inc. $1,000,000 9/30/99 Energy purchases
and financial
contracts
NCE e prime, inc. $1,000,000 7/24/99 Energy purchases
and financial
contracts
NCE e prime, inc. $2,000,000 9/1/99 Energy purchases
and financial
contracts
NCE e prime, inc. $ 500,000 9/1/99 Energy purchases
and financial
contracts
4.) Short term debt issued
NCE borrows and repays short term debt on an on-going basis. As of
September 30, 1998 NCE had $32,500,000 in short term debt outstanding at a
weighted average cost of 5.67% and maturities ranging from October 1, 1998
to November 2, 1998.
5.) Financings consummated by any Utility Subsidiary not exempt under Rule 52
On an on-going basis Cheyenne Light Fuel and Power Company (Cheyenne)
borrows and repays short-term debt to NCE. As of September 30, 1998
Cheyenne had $13,500,000 in short-term debt outstanding at a weighted
average cost of 5.77%.
<PAGE>
6.) Financings consummated by any Nonutility Subsidiary not exempt under
Rule 52
Certain inter-company notes are issued and repaid on an on-going basis. As
of September 30, 1998 the following such inter-company notes were
outstanding:
Amount Interest
Lender Borrower Outstanding Maturity Rate
- --------------------------------------------------------------------------------
NCE e prime, inc. $11,550,000 open 5.77%
NCE New Century Services, $24,950,000 open 5.77%
Inc.
NCE New Century Enterprises, $ 6,300,000 open 5.77%
Inc.
NCE Natural Fuels Corporation $ 2,000,000 open 5.77%
NC Enterprises, Planergy, Inc. $ 2,395,350 open 5.77%
Inc.
e prime, inc. Texas-Ohio Gas, Inc. $ 8,550,000 open 5.77%
7.) Forms U-6B-2 filed with the Commission
None
8.) Financing Entities
None
9.) Balance Sheets
The consolidated balance sheet of NCE as of June 30, 1998 is incorporated
by reference. Such balance sheet was filed with NCE's Form 10-Q for June
30, 1998 (file number 1-12927).
The following balance sheets as of June 30, 1998 are attached as:
Exhibit 1 Cheyenne Light Fuel and Power Company
Exhibit 2 New Century Services
Exhibit 3 New Century Enterprises, Inc. and Subsidiaries
Exhibit 4 New Century Enterprises, Inc. - Stand Alone
Exhibit 5 Natural Fuels Corporation
Exhibit 6 e prime, inc. and subsidiaries
<PAGE>
Exhibit 7 e prime, inc. - Stand Alone
Exhibit 8 Texas-Ohio Gas, Inc.
Exhibit 9 Planergy, Inc.
10.) Registration Statements
None
New Century Energies, Inc.
Dated: December 9, 1998 By: /s/ Michael D. Pritchard
-------------------------
Michael D. Pritchard
Assistant Treasurer
<PAGE>
CHEYENNE LIGHT FUEL AND POWER COMPANY Exhibit 1
UNAUDITED BALANCE SHEET
(Thousands of Dollars)
September 30, 1998
ASSETS
Property, plant and equipment, at cost: 101,934
Less: accumulated depreciation (32,209)
----------
Total property, plant and equipment 69,725
----------
Investments, at cost: 11
----------
Current assets:
Cash and temporary cash investments 257
Accounts receivable 2,621
Accrued unbilled revenues 867
Recoverable purchased gas and electric energy costs - net 2,503
Materials and supplies, at average cost 602
Gas in underground storage, at cost (LIFO) 1,072
Prepaid expenses and other (366)
----------
Total current assets 7,556
----------
Deferred charges:
Regulatory assets 486
Unamortized debt expense 619
Other 575
----------
Total deferred charges 1,680
----------
Total assets 78,972
==========
CAPITAL AND LIABILITIES
Common stock 3,000
Retained earnings (deficit) 18,705
----------
Total common equity 21,705
Long-term debt 29,000
----------
Total capital 50,705
----------
Noncurrent liabilities 1,124
Current liabilities:
Notes payable and commercial paper 13,500
Accounts payable 3,911
Customers' deposits 297
Accrued taxes 522
Accrued interest 322
Current portion of accumulated deferred income taxes 567
Other 990
----------
Total current liabilities 20,109
----------
Deferred credits:
Customers' advances for construction 803
Unamortized investment tax credits 1,267
Accumulated deferred income taxes 4,933
Other 31
----------
Total deferred credits 7,034
----------
Total capital & liabilities 78,972
==========
<PAGE>
NEW CENTURY SERVICES Exhibit 2
UNAUDITED CONSOLIDATED BALANCE SHEET
(Thousands of Dollars)
September 30, 1998
ASSETS
Property, plant and equipment, at cost: (88)
------------
Current assets:
Cash and temporary cash investments 691
Accounts receivable 24,760
Accrued taxes receivable 4,243
Prepaid expenses and other 18,756
------------
Total current assets 48,450
------------
Deferred charges: (794)
------------
Total assets 47,568
============
CAPITAL AND LIABILITIES
Common stock 1
Retained earnings (deficit) 59
------------
Total capital 60
------------
Noncurrent liabilities
------------
Current liabilities:
Notes payable and commercial paper 24,950
Long-term debt due within one year
Accounts payable 7,222
Other 9,431
------------
Total current liabilities 41,603
------------
Deferred credits:
Accumulated deferred income taxes 3,039
Other 2,866
------------
Total deferred credits 5,905
------------
Total capital & liabilities 47,568
============
<PAGE>
NEW CENTURY ENTERPRISES, INC. AND SUBSIDIARIES Exhibit 3
UNAUDITED CONSOLIDATED BALANCE SHEET
(Thousands of Dollars)
September 30, 1998
ASSETS
Property, plant and equipment, at cost: 51,814
Less: accumulated depreciation (21,255)
----------
Total property, plant and equipment 30,559
----------
Investments, at cost:
Investment in unconsolidated subsidiaries 301,460
Other 39,206
----------
Total investments 340,666
----------
Current assets:
Cash and temporary cash investments 33,777
Accounts receivable 73,102
Notes receivable from associated companies 9,000
Materials and supplies 4,335
Prepaid expenses and other 8,032
----------
Total current assets 128,246
----------
Deferred charges: 43,283
----------
Total assets 542,754
==========
CAPITAL AND LIABILITIES
Common stock 45,366
Retained earnings (deficit) (6,677)
----------
Total common equity 38,689
Long-term debt 4,036
Notes payable to associated companies 417,956
----------
Total capital 460,681
----------
Noncurrent liabilities 75
Current liabilities:
Notes payable and commercial paper 13,550
Long-term debt due within one year 587
Accounts payable 24,824
Accounts payable - associated companies 7,957
Customers' deposits 520
Accrued taxes 3,037
Current portion of accumulated deferred income taxes (24)
Other 12,965
----------
Total current liabilities 63,416
----------
Deferred credits:
Accumulated deferred income taxes 16,451
Other 2,131
----------
Total deferred credits 18,582
----------
Total capital & liabilities 542,754
==========
<PAGE>
NEW CENTURY ENTERPRISES, INC. Exhibit 4
UNAUDITED BALANCE SHEET - STAND ALONE
(Thousands of Dollars)
September 30, 1998
ASSETS
Investments, at cost: 466,406
Current assets:
Cash and temporary cash investments 20
Accounts receivable 2,439
------------
Total current assets 2,459
------------
Deferred charges 153
------------
Total assets 469,018
============
CAPITAL AND LIABILITIES
Common stock 45,366
Retained earnings (deficit) (6,677)
------------
Total common equity 38,689
Notes payable to associated companies 417,956
------------
Total capital 456,645
------------
Current liabilities:
Accounts payable to associated companies 11,760
Accrued taxes 613
------------
Total current liabilities 12,373
------------
Total capital & liabilities 469,018
============
<PAGE>
NATURAL FUELS Exhibit 5
UNAUDITED CONSOLIDATED BALANCE SHEETS
(Thousands of Dollars)
September 30, 1998
ASSETS
Property, plant and equipment, at cost: 6,007
Less: accumulated depreciation (2,069)
------------
Total property, plant and equipment 3,938
------------
Investments, at cost: 496
------------
Current assets:
Cash and temporary cash investments 546
Accounts receivable 3,661
Materials and supplies 1,619
Prepaid expenses and other 41
------------
Total current assets 5,867
------------
Deferred charges: (112)
------------
Total assets 10,189
============
CAPITAL AND LIABILITIES
Common stock 15,680
Retained earnings (deficit) (11,467)
------------
Total common equity 4,213
Long-term debt 3
------------
Total capital 4,216
------------
Current liabilities:
Notes payable and commercial paper 2,000
Long-term debt due within one year 22
Accounts payable 2,005
Current portion of accumulated deferred income taxes (24)
Other 736
------------
Total current liabilities 4,739
------------
Deferred credits:
Accumulated deferred income taxes 842
Other 392
------------
Total deferred credits 1,234
------------
Total capital & liabilities 10,189
============
Note that the amounts reflect August 31, 1998 balances which are
included in the September 30, 1998 consolidation as Natural Fuels
operates on a one month lag.
<PAGE>
E PRIME, INC. AND SUBSIDIARIES Exhibit 6
UNAUDITED CONSOLIDATED BALANCE SHEETS
(Thousands of Dollars)
September 30, 1998
ASSETS
Property, plant and equipment, at cost: 4,595
Less: accumulated depreciation (948)
------------
Total property, plant and equipment 3,647
------------
Investments, at cost:
Investment in unconsolidated subsidiaries 7,860
Other 935
------------
Total investments 8,795
------------
Current assets:
Cash and temporary cash investments 3,188
Accounts receivable 31,315
Materials and supplies 1,052
Prepaid expenses and other 224
------------
Total current assets 35,779
------------
Deferred charges 13,010
------------
Total assets 61,231
============
CAPITAL AND LIABILITIES
Common stock 27,199
Retained earnings (deficit) (8,184)
------------
Total common equity 19,015
Long-term debt 101
------------
Total capital 19,116
------------
Current liabilities:
Notes payable and commercial paper 11,550
Long-term debt due within one year 102
Accounts payable 22,654
Customers' deposits 509
Accrued taxes 285
Other 1,361
------------
Total current liabilities 36,461
------------
Deferred credits:
Accumulated deferred income taxes 5,654
------------
Total deferred credits 5,654
------------
Total capital & liabilities 61,231
============
<PAGE>
E PRIME, INC. Exhibit 7
UNAUDITED BALANCE SHEET - STAND ALONE
(Thousands of Dollars)
September 30, 1998
ASSETS
Property, plant and equipment, at cost: 1,594
Less: accumulated depreciation (543)
------------
Total property, plant and equipment 1,051
------------
Investments, at cost:
Investment in unconsolidated subsidiaries 17,821
Other 935
------------
Total investments 18,756
------------
Current assets:
Cash and temporary cash investments 2,773
Accounts receivable 19,767
Prepaid expenses and other 8,762
------------
Total current assets 31,302
------------
Deferred charges 229
------------
Total assets 51,338
============
CAPITAL AND LIABILITIES
Common stock 27,199
Retained earnings (deficit) (8,184)
------------
Total common equity 19,015
Long-term debt 101
------------
Total capital 19,116
------------
Current liabilities:
Notes payable and commercial paper 11,550
Long-term debt due within one year 102
Accounts payable 20,222
Accrued taxes 193
Other 150
------------
Total current liabilities 32,217
------------
Deferred credits 5
------------
Total capital & liabilities 51,338
============
<PAGE>
TEXAS OHIO GAS, INC. Exhibit 8
UNAUDITED CONSOLIDATED BALANCE SHEETS
(Thousands of Dollars)
September 30, 1998
ASSETS
Property, plant and equipment, at cost: 894
Less: accumulated depreciation (132)
------------
Total property, plant and equipment 762
------------
Current assets:
Cash and temporary cash investments 386
Accounts receivable 17,812
Materials and supplies 1,052
Prepaid expenses and other 12
------------
Total current assets 19,262
------------
Deferred charges 12,266
------------
Total assets 32,290
============
CAPITAL AND LIABILITIES
Common stock 11,388
Retained earnings (deficit) (6,579)
------------
Total capital 4,809
------------
Current liabilities:
Notes payable and commercial paper 8,550
Accounts payable 12,901
Customers' deposits 509
Accrued taxes 76
Other 1,211
------------
Total current liabilities 23,247
------------
Deferred credits 4,234
------------
Total capital & liabilities 32,290
============
<PAGE>
PLANERGY Exhibit 9
UNAUDITED BALANCE SHEET
(Thousands of Dollars)
September 30, 1998
ASSETS
Property, plant and equipment, at cost: 2,872
Less: accumulated depreciation (361)
------------
Total property, plant and equipment 2,511
------------
Investments, at cost: 316
------------
Current assets:
Cash and temporary cash investments 204
Accounts receivable 1,851
Materials and supplies, at average cost 208
Prepaid expenses and other 1,433
------------
Total current assets 3,696
------------
Deferred charges:
Unamortized debt expense 162
Other 23,177
------------
Total deferred charges 23,339
------------
Total assets 29,862
============
CAPITAL AND LIABILITIES
Common stock 14,000
Retained earnings (de ficit) (884)
------------
Total common equity 13,116
Long-term debt 3,931
------------
Total capital 17,047
------------
Current liabilities:
Long-term debt due within one year 462
Accounts payable 2,890
Other 1,318
------------
Total current liabilities 4,670
------------
Deferred credits:
Accumulated deferred income taxes 7,839
Other 306
------------
Total deferred credits 8,145
------------
Total capital & liabilities 29,862
============
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