SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
- --------------------------------------------------------------------------------
In the Matter of
CERTIFICATE
New Century Energies, Inc.
OF
File No. 70-9397
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 order of the Securities and Exchange
Commission (the "Commission") dated April 7, 1999 (HCAR No. 27000) (the "Order")
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 April
1, 1999 through June 30, 1999 (the "Second Quarter").
a.) The sale of any Common Stock by NCE and the purchase price per share and
the market price per share at the date of the agreement of sale.
None.
b.) The total number of shares of Common Stock issued or issuable under
options granted during the quarter under NCE's dividend reinvestment plan
and benefit plans. NCE issued 276,622 shares under its dividend
reinvestment plan and 40,664 shares under its employee benefit plans.
c.) If Common Stock has been transferred to a seller of securities of a company
being acquired, the number of shares so issued, the value per share and
whether the shares are restricted to the acquirer.
None.
d.) The names of the guarantors and of the beneficiaries of any NCE or
Subsidiary Guarantee issued during the quarter, and the amount, term and
purpose of the guarantee. The following guarantees were issued during the
Second Quarter of 1999.
Guarantor Benefiting Amount Matures Purpose
Subsidiary
- --------------------------------------------------------------------------------
NCE e prime, inc. $5,000,000 Continuing Financial Trading
NCE e prime, inc. $700,000 Continuing Financial Trading
NCE e prime, inc. $2,000,000 4/30/00 Gas Trading
NCE e prime, inc. $400,000 11/30/99 Gas Trading
NCE e prime, inc. $250,000 10/31/99 Gas Trading
NCE e prime, inc. $1,500,000 4/30/00 Power Trading
NCE e prime, inc. $1,500,000 9/01/99 Gas Trading
NCE e prime, inc. $2,000,000 Continuing Gas and Power
Trading
NCE e prime, inc. $3,000,000 Continuing Gas Trading
NCE e prime, inc. $2,500,000 6/30/00 Gas Trading
NCE e prime, inc. $500,000 6/30/00 Gas Trading
NCE e prime, inc. $5,000,000 Continuing Financial Trading
NCE e prime, inc. $5,000,000 Continuing Gas Trading
NCE e prime, inc. $5,000,000 Continuing Financial Trading
NCE e prime, inc. $1,500,000 5/31/00 Gas and Power
Trading
NCE e prime, inc. $2,000,000 7/31/00 Power Trading
NCE e prime, inc. $5,000,000 Continuing Financial Trading
NCE e prime, inc. $2,000,000 Continuing Gas Trading
NCE e prime, inc. $2,000,000 Continuing Gas Trading
e.) The amount and terms of any Short Term Debt issued by NCE and the Utility
Subsidiaries during the Quarter.
NCE borrows and repays short-term debt on an on-going basis. As of June
30, 1999 NCE had $33,875,000 in short-term debt outstanding at a cost of
5.75% and maturities ranging from May 6, 1999 to August 4, 1999.
f.) The amount and terms of any financings consummated by any Utility
Subsidiaries that are 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 June 30, 1999, Cheyenne
had $17,175,000 in short-term debt outstanding at a cost of 5.11%.
g.) The amount and terms of any financings consummated by any Non-utility
Subsidiary during the quarter that are not exempt under rule 52.
1.) Certain inter-company notes are issued and repaid on an on-going
basis. As of June 30, 1999 the following such inter-company notes
were outstanding:
Amount Interest
Lender Borrower Outstanding Maturity Rate
- --------------------------------------------------------------------------------
NC Enterprises, Inc. e prime, inc. $6,775,000 Open 5.11%
NCE New Century Services, $36,825,000 Open 5.11%
Inc.
NCE NC Enterprises, Inc. $20,550,000 Open 5.11%
e prime, inc. Texas-Ohio Gas, Inc $9,775,000 Open 5.11%
NC Enterprises, Inc. Natural Fuels $2,700,000 Open 5.11%
Corporation
NC Enterprises, Inc. Planergy $5,631,350 Open 5.11%
Quixx Corporation NC Enterprises, Inc. $3,940,000 Open 5.11%
Utility Engineering NC Enterprises, Inc. $8,350,000 Open 5.11%
Corporation
NCE Communications, NC Enterprises, Inc. $100,000 Open 5.11%
Inc.
New Century NC Enterprises, Inc. $670,000 Open 5.11%
Cadence, Inc.
h.) A list of U-6B-2 forms filed with the Commission during the quarter,
including the name of the filing entity and the date of filing.
Filing Entity Date Filed Securities Issued
Public Service Company of June 2, 1999 Young Gas Storage Company
Colorado Project Loan
Southwestern Public June 30, 1999 Unsecured Notes Converted to
Service Company a Fixed Rate
i.) Consolidated balance sheets as of the end of the quarter and separate
balance sheets as of the end of the quarter for each company, including
NCE, that has engaged in jurisdictional financing transactions during the
quarter.
The quarterly consolidated balance sheet of NCE as of June 30, 1999 is
incorporated by reference. Such balance sheet was filed with NCE's Form
10-Q for June 30, 1999 (file number 1-12927).
The following balance sheets as of June 30, 1999 are attached as:
Exhibit 1 Cheyenne Light Fuel and Power Company
Exhibit 2 New Century Services, Inc.
Exhibit 3 NC Enterprises, Inc. and Subsidiaries
Exhibit 4 NC Enterprises, Inc. - Stand Alone filed under confidential
treatment pursuant to Rule 104 (b).
Exhibit 5 Balance Sheet of Natural Fuels Corporation filed under
confidential treatment pursuant to Rule 104 (b).
Exhibit 6 Balance Sheet of e prime, inc. and subsidiaries filed under
confidential treatment pursuant to Rule 104 (b).
Exhibit 7 Balance Sheet of e prime, inc. - Stand Alone filed under
confidential treatment pursuant to Rule 104 (b).
Exhibit 8 Balance Sheet of Texas-Ohio Gas, Inc. filed under confidential
treatment pursuant to Rule 104 (b).
Exhibit 9 Balance Sheet of Planergy, Inc. filed under confidential treatment
pursuant to Rule 104 (b).
Exhibit 10 Balance Sheet of Quixx Corporation and Subsidiaries filed under
confidential treatment pursuant to Rule 104 (b).
Exhibit 11 Balance Sheet of Quixx Corporation - Stand Alone filed under
confidential treatment pursuant to Rule 104 (b).
Exhibit 12 Balance Sheet of Utility Engineering Corporation and Subsidiaries
filed under confidential treatment pursuant to Rule 104 (b).
Exhibit 13 Balance Sheet of Utility Engineering Corporation - Stand Alone
filed under confidential treatment pursuant to Rule 104 (b).
Exhibit 14 Balance Sheet of New Century Cadence, Inc. filed under confidential
treatment pursuant to Rule 104 (b).
Exhibit 15 Balance Sheet of NCE Communications, Inc. filed under confidential
treatment pursuant to Rule 104 (b).
New Century Energies, Inc.
Dated: August 31, 1999 By: /s/ Nancy E. Felker
-------------------
Nancy E. Felker
Assistant Treasurer
CHEYENNE LIGHT FUEL AND POWER COMPANY Exhibit 1
UNAUDITED BALANCE SHEET
(Thousands of Dollars)
June 30, 1999
ASSETS
Property, plant and equipment, at cost: 107,642
Less: accumulated depreciation (34,125)
----------
Total property, plant and equipment 73,517
----------
Investments, at cost: 1
----------
Current assets:
Cash and temporary cash investments 460
Accounts receivable 3,774
Accrued unbilled revenues 776
Recoverable purchased gas and electric energy costs - net 733
Materials and supplies, at average cost 666
Gas in underground storage, at cost (LIFO) 445
Prepaid expenses and other (29)
----------
Total current assets 6,825
----------
Deferred charges:
Regulatory assets 467
Unamortized debt expense 600
Other 754
----------
Total deferred charges 1,821
----------
Total assets 82,164
==========
CAPITAL AND LIABILITIES
Common stock 3,000
Retained earnings 19,555
----------
Total common equity 22,555
Long-term debt 29,000
----------
Total capital 51,555
----------
Noncurrent liabilities 801
----------
Current liabilities:
Notes payable and commercial paper 17,175
Accounts payable 2,942
Accounts payable to associated companies 593
Customers' deposits 277
Accrued taxes 51
Accrued interest 401
Current portion of accumulated deferred income taxes (123)
Other 725
----------
Total current liabilities 22,041
----------
Deferred credits:
Customers' advances for construction 839
Unamortized investment tax credits 1,210
Accumulated deferred income taxes 5,678
Other 40
----------
Total deferred credits 7,767
----------
Total capital & liabilities 82,164
==========
NEW CENTURY SERVICES Exhibit 2
UNAUDITED BALANCE SHEET
(Thousands of Dollars)
June 30, 1999
ASSETS
Property, plant and equipment, at cost (118)
-----------
Current assets:
Cash and temporary cash investments 689
Accounts receivable 34,422
Taxes receivable 858
Prepaid expenses and other 27,717
-----------
Total current assets 63,686
-----------
Deferred charges 2,008
-----------
Total assets 65,576
===========
CAPITAL AND LIABILITIES
Common stock 1
Retained earnings (deficit) (54)
-----------
Total capital (53)
-----------
Current Liabilities
Notes payable and commercial paper 37,325
Accounts payable 7,532
Other 11,510
-----------
Total current liabilities 56,367
-----------
Deferred credits:
Accumulated deferred income taxes 3,715
Other 5,547
-----------
Total deferred credits 9,262
-----------
Total capital & liabilities 65,576
===========
NC ENTERPRISES, INC. AND SUBSIDIARIES Exhibit 3
UNAUDITED CONSOLIDATED BALANCE SHEET
(Thousands of Dollars)
June 30, 1999
ASSETS
Property, plant and equipment, at cost 55,922
Less: accumulated depreciation (19,362)
-----------
Total property, plant and equipment 36,560
-----------
Investments, at cost:
Investments in unconsolidated subsidiaries 340,142
Other 49,274
-----------
Total investments 389,416
-----------
Current assets:
Cash and temporary cash investments 24,983
Accounts receivable 48,058
Accounts receivable from associated companies 65,426
Notes receivable from associated companies 9,000
Accrued taxes receivable 10,824
Materials and supplies 3,915
Current portion of accumulated deferred income taxes 436
Prepaid expenses and other 5,459
-----------
Total current assets 168,101
-----------
Deferred charges 54,433
-----------
Total assets 648,510
===========
CAPITAL AND LIABILITIES
Common stock 164,586
Retained earnings 23,982
Accumulated other comprehensive income (9,410)
-----------
Total common equity 179,158
Long-term debt 14,635
Notes payable to associated companies 332,976
-----------
Total capital 526,769
-----------
Noncurrent liabilities 162
-----------
Current liabilities:
Long-term debt due within one year 1,326
Accounts payable 54,460
Accounts payable to associated companies 18,642
Customers' deposits 514
Other 18,592
-----------
Total current liabilities 93,534
-----------
Deferred credits:
Accumulated deferred income taxes 22,694
Other 5,351
-----------
Total deferred credits 28,045
-----------
Total capital & liabilities 648,510
===========
