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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 October 1, 1998 through December 31, 1998
(the "Fourth Quarter").
1.) NCE common stock - New Issue
NCE issued 2,500,000 shares of common stock, par value $.01 on November 4,
1998 ("Common Stock"). On November 4, 1998, the purchase price of the
Common Stock was $46.80 per share and the market price of the Common Stock
was $48.4375 per share.
2.) NCE common stock - dividend reinvestment plan and employee benefit plans
NCE issued 188,695 shares under its dividend reinvestment plan and 71,118
shares under its employee benefit plans.
<PAGE>
3.) Guarantees issued
The following guarantees were issued during the Fourth Quarter of 1998.
Guarantor Benefiting Amount Matures Purpose
Subsidiary
- --------------------------------------------------------------------------------
NCE e prime, inc. $1,000,000 10/01/99 Energy purchases
and financial
contracts
NCE e prime, inc. $2,000,000 10/05/99 Energy purchases
and financial
contracts
NCE e prime, inc. $ 500,000 10/05/99 Energy purchases
financial contracts
NCE e prime, inc. $1,500,000 10/08/99 Energy purchases
and financial
contracts
NCE e prime, inc. $1,000,000 10/31/99 Energy purchases
and financial
contracts
NCE e prime, inc. $ 500,000 10/13/99 Energy purchases
and financial
contracts
NCE e prime, inc. $1,000,000 10/31/99 Energy purchases
and financial
contracts
NCE e prime, inc. $3,000,000 11/23/99 Energy purchases
and financial
contracts
NCE e prime, inc. $5,000,000 11/30/99 Energy purchases
and financial
contracts
NCE e prime, inc. $2,000,000 12/03/99 Energy purchases
and financial
contracts
NCE e prime, $2,000,000 12/31/99 Energy purchases
inc./Texas-Ohio Gas and financial
contracts
NCE e prime, inc. $ 100,000 Continuing Energy purchases
and financial
contracts
4.) Short term debt issued
NCE borrows and repays short-term debt on an on-going basis. As of
December 31, 1998 NCE had $36,450,000 in short-term debt outstanding at a
cost of 6.113% and maturities ranging from January 4, 1999 to January 6,
1999.
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 December 31, 1998
Cheyenne had $15,875,000 in short-term debt outstanding at a cost of
5.32%.
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 December 31, 1998 the following such inter-company notes were
outstanding:
Amount Interest
Lender Borrower Outstanding Maturity Rate
- --------------------------------------------------------------------------------
NC Enterprises, e prime, inc. $10,900,000 Open 5.32%
Inc.
NCE New Century Services, $25,150,000 Open 5.32%
Inc.
NCE New Century $19,475,000 Open 5.32%
Enterprises, Inc.
NC Enterprises, Natural Fuels $ 2,000,000 Open 5.32%
Inc. Corporation
NC Enterprises, Planergy, Inc. $ 2,481,350 Open 5.32%
Inc.
e prime, inc. Texas-Ohio Gas, Inc. $11,550,000 Open 5.32%
7.) Forms U-6B-2 filed with the Commission
Filing Entity Date Filed Securities Issued
- --------------------------------------------------------------------------------
Public Service Company of 11/25/98 PS Colorado Credit
Colorado Corporation Medium-Term Notes
Public Service Company of 12/01/98 PS Colorado Credit
Colorado Corporation Medium-Term Notes
<PAGE>
8.) Balance Sheets
The consolidated balance sheet of NCE as of December 31, 1998 is
incorporated by reference. Such balance sheet was filed with NCE's Form
10-K for December 31, 1998 (file number 1-12927).
The following balance sheets as of December 31, 1998 are attached as:
Exhibit 1 Cheyenne Light Fuel and Power Company
Exhibit 2 New Century Services, Inc.
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
Exhibit 7 e prime, inc. - Stand Alone
Exhibit 8 Texas-Ohio Gas, Inc.
Exhibit 9 Balance Sheet of Planergy, Inc. filed under confidential treatment
pursuant to Rule 104 (b).
9.) Registration Statements
None
New Century Energies, Inc.
Dated: March 31, 1999 By: /s/ Nancy E. Felker
--------------------
Nancy E. Felker
Assistant Treasurer
<PAGE>
CHEYENNE LIGHT FUEL AND POWER COMPANY Exhibit 1
UNAUDITED BALANCE SHEET
(Thousands of Dollars)
December 31, 1998
ASSETS
Property, plant and equipment, at cost: 104,702
Less: accumulated depreciation (32,691)
-----------
Total property, plant and equipment 72,011
-----------
Investments, at cost: 11
-----------
Current assets:
Cash and temporary cash investments 690
Accounts receivable 3,312
Accrued unbilled revenues 1,192
Recoverable purchased gas and electric energy costs - net 3,393
Materials and supplies, at average cost 587
Gas in underground storage, at cost (LIFO) 845
Prepaid expenses and other 21
-----------
Total current assets 10,040
-----------
Deferred charges:
Regulatory assets 549
Unamortized debt expense 613
Other 651
-----------
Total deferred charges 1,813
-----------
Total assets 83,875
===========
CAPITAL AND LIABILITIES
Common stock 3,000
Retained earnings (deficit) 19,011
-----------
Total common equity 22,011
Long-term debt 29,000
-----------
Total capital 51,011
-----------
Noncurrent liabilities 734
-----------
Current liabilities:
Notes payable and commercial paper 15,875
Accounts payable 6,858
Customers' deposits 292
Accrued taxes (84)
Accrued interest 401
Current portion of accumulated deferred income taxes 269
Other 884
-----------
Total current liabilities 24,495
-----------
Deferred credits:
Customers' advances for construction 779
Unamortized investment tax credits 1,248
Accumulated deferred income taxes 5,575
Other 33
-----------
Total deferred credits 7,635
-----------
Total capital & liabilities 83,875
===========
<PAGE>
NEW CENTURY SERVICES, INC. Exhibit 2
UNAUDITED CONSOLIDATED BALANCE SHEET
(Thousands of Dollars)
December 31, 1998
ASSETS
Property, plant and equipment, at cost (118)
-----------
Current assets:
Cash and temporary cash investments 451
Accounts receivable 32,638
Accrued taxes receivable 598
Prepaid expenses and other 20,910
-----------
Total current assets 54,597
-----------
Deferred charges 1,366
-----------
Total assets 55,845
===========
CAPITAL AND LIABILITIES
Common stock 1
Retained earnings (deficit) -
-----------
Total capital 1
-----------
Current liabilities:
Notes payable and commercial paper 25,150
Accounts payable 11,593
Other 14,103
-----------
Total current liabilities 50,846
-----------
Deferred credits:
Accumulated deferred income taxes 1,376
Other 3,622
-----------
Total deferred credits 4,998
-----------
Total capital & liabilities 55,845
===========
<PAGE>
NEW CENTURY ENTERPRISES, INC. AND SUBSIDIARIES Exhibit 3
UNAUDITED CONSOLIDATED BALANCE SHEET
(Thousands of Dollars)
December 31, 1998
ASSETS
Property, plant and equipment, at cost 46,438
Less: accumulated depreciation (20,453)
-----------
Total property, plant and equipment 25,985
-----------
Investments, at cost:
Investment in unconsolidated subsidiaries 340,874
Other 37,022
-----------
Total investments 377,896
-----------
Current assets:
Cash and temporary cash investments 33,018
Accounts receivable 101,063
Notes receivable from associated companies 9,000
Accrued taxes receivable 9,506
Materials and supplies 3,860
Prepaid expenses and other 10,890
-----------
Total current assets 167,337
-----------
Deferred charges 52,829
-----------
Total assets 624,047
===========
CAPITAL AND LIABILITIES
Common stock 155,366
Retained earnings (deficit) 22,036
Accumulated comprehensive income 7,764
-----------
Total common equity 185,166
Long-term debt 2,796
Notes payable to associated companies 331,131
-----------
Total capital 519,093
-----------
Noncurrent liabilities 81
-----------
Current liabilities:
Notes payable and commercial paper
Long-term debt due within one year 3,571
Accounts payable 31,605
Accounts payable - associated companies 27,905
Customers' deposits 694
Current portion of accumulated deferred income taxes (195)
Other 18,914
-----------
Total current liabilities 82,494
-----------
Deferred credits:
Accumulated deferred income taxes 20,717
Other 1,662
-----------
Total deferred credits 22,379
-----------
Total capital & liabilities 624,047
===========
<PAGE>
NEW CENTURY ENTERPRISES, INC. Exhibit 4
UNAUDITED BALANCE SHEET - STAND ALONE
(Thousands of Dollars)
December 31, 1998
ASSETS
Investments, at cost:
Investment in unconsolidated subsidiaries 518,078
Notes receivable from associated companies 2,000
-----------
Total investments 520,078
-----------
Current assets:
Cash and temporary cash investments 91
Accounts receivable 2,616
Notes receivable from associated companies 10,900
Accrued taxes receivable 325
-----------
Total current assets 13,932
-----------
Deferred charges 174
-----------
Total assets 534,184
===========
CAPITAL AND LIABILITIES
Common stock 155,366
Retained earnings (deficit) 22,036
Accumulated comprehensive income 7,764
-----------
Total common equity 185,166
Notes payable to associated companies 331,131
-----------
Total capital 516,297
-----------
Current liabilities:
Accounts payable to associated companies 17,887
-----------
Total current liabilities 17,887
-----------
Total capital & liabilities 534,184
===========
<PAGE>
NATURAL FUELS CORPORATION Exhibit 5
UNAUDITED CONSOLIDATED BALANCE SHEETS
(Thousands of Dollars)
December 31, 1998
ASSETS
Property, plant and equipment, at cost: 6,027
Less: accumulated depreciation (2,208)
-----------
Total property, plant and equipment 3,819
-----------
Investments, at cost: 474
-----------
Current assets:
Cash and temporary cash investments 445
Accounts receivable 4,017
Materials and supplies 1,505
Prepaid expenses and other 64
-----------
Total current assets 6,031
-----------
Deferred charges: (120)
-----------
Total assets 10,204
===========
CAPITAL AND LIABILITIES
Common stock 15,680
Retained earnings (deficit) (11,677)
-----------
Total common equity 4,003
Long-term debt 5
-----------
Total capital 4,008
-----------
Current liabilities:
Notes payable and commercial paper 2,000
Long-term debt due within one year 15
Accounts payable 2,548
Current portion of accumulated deferred income taxes (23)
Other 692
-----------
Total current liabilities 5,232
-----------
Deferred credits:
Accumulated deferred income taxes 846
Other 118
-----------
Total deferred credits 964
-----------
Total capital & liabilities 10,204
===========
Note that the amounts reflect November 30, 1998 balances which are
included in the December 31, 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)
December 31, 1998
ASSETS
Property, plant and equipment, at cost: 3,350
Less: accumulated depreciation (986)
-----------
Total property, plant and equipment 2,364
-----------
Investments, at cost:
Investment in unconsolidated subsidiaries 7,805
Other 870
-----------
Total investments 8,675
-----------
Current assets:
Cash and temporary cash investments 4,478
Accounts receivable 49,292
Accrued taxes receivable 381
Materials and supplies 1,116
Prepaid expenses and other 225
-----------
Total current assets 55,492
-----------
Deferred charges 15,351
-----------
Total assets 81,882
===========
CAPITAL AND LIABILITIES
Common stock 37,198
Retained earnings (deficit) (9,366)
-----------
Total common equity 27,832
Long-term debt 61
-----------
Total capital 27,893
-----------
Current liabilities:
Notes payable and commercial paper 10,900
Long-term debt due within one year 115
Accounts payable 27,498
Customers' deposits 683
Other 8,969
-----------
Total current liabilities 48,165
-----------
Deferred credits:
Accumulated deferred income taxes 5,824
-----------
Total deferred credits 5,824
-----------
Total capital & liabilities 81,882
===========
<PAGE>
E PRIME, INC. Exhibit 7
UNAUDITED BALANCE SHEET - STAND ALONE
(Thousands of Dollars)
December 31, 1998
ASSETS
Property, plant and equipment, at cost: 1,725
Less: accumulated depreciation (651)
-----------
Total property, plant and equipment 1,074
-----------
Investments, at cost:
Investment in unconsolidated subsidiaries 15,183
Other 870
-----------
Total investments 16,053
-----------
Current assets:
Cash and temporary cash investments 3,907
Accounts receivable 27,571
Notes receivable from associated companies 11,550
Prepaid expenses and other 436
-----------
Total current assets 43,464
-----------
Deferred charges 202
-----------
Total assets 60,793
===========
CAPITAL AND LIABILITIES
Common stock 37,198
Retained earnings (deficit) (9,366)
-----------
Total common equity 27,832
Long-term debt 61
-----------
Total capital 27,893
-----------
Current liabilities:
Notes payable and commercial paper 10,900
Long-term debt due within one year 115
Accounts payable 20,193
Other 1,710
-----------
Total current liabilities 32,918
-----------
Deferred credits (18)
-----------
Total capital & liabilities 60,793
===========
<PAGE>
TEXAS OHIO GAS, INC. Exhibit 8
UNAUDITED CONSOLIDATED BALANCE SHEETS
(Thousands of Dollars)
December 31, 1998
ASSETS
Property, plant and equipment, at cost: 991
Less: accumulated depreciation (181)
-----------
Total property, plant and equipment 810
-----------
Current assets:
Cash and temporary cash investments 565
Accounts receivable 25,954
Accrued taxes receivable 381
Materials and supplies 844
Prepaid expenses and other 61
-----------
Total current assets 27,805
-----------
Deferred charges 13,304
-----------
Total assets 41,919
===========
CAPITAL AND LIABILITIES
Common stock 11,388
Retained earnings (deficit) (7,802)
-----------
Total capital 3,586
-----------
Current liabilities:
Notes payable and commercial paper 11,550
Accounts payable 14,373
Customers' deposits 673
Other 7,252
-----------
Total current liabilities 33,848
-----------
Deferred credits 4,485
-----------
Total capital & liabilities 41,919
===========
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