U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58 OF
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
For the quarterly period ended June 30, 2000
New Century Energies, Inc.
(Name of Registered Holding Company)
1225 17th Street, Denver, Colorado 80202
(Address of Principal Executives Offices)
Inquires concerning this Form U-9C-3
may be directed to either:
Teresa S. Madden
Controller
New Century Energies, Inc.
1225 17th Street, Suite 900
Denver, CO 80202
(303) 294-2338
or
William M. Dudley
Associate General Counsel
New Century Energies, Inc.
1225 17th Street, Suite 1200
Denver, CO 80202
(303) 294-2500
<PAGE>
NEW CENTURY ENERGIES, INC.
FORM U-9C-3
For the Quarter Ended June 30, 2000
Table of Contents
Page
Item 1. Organization Chart 1
Item 2. Issuances and Renewals of Securities and Capital Contributions 4
Item 3. Associated Transactions 4
Item 4. Summary of Aggregate Investment 6
Item 5. Other Investments 6
Item 6. Financial Statements and Exhibits 7
SIGNATURE 8
<PAGE>
Item 1. - ORGANIZATION CHART
<TABLE>
<CAPTION>
Percentage
of
Name of Energy or Voting Nature
Reporting Gas Related Date of State of Securities Of
Company Company Organization Organization Held Business
------- ------- ------------ ------------ ---- --------
<S> <C> <C> <C> <C> <C>
New Century Energies, Inc.
("NCE")(a)
---------------------------------------------------------------------------------------------------------------------------------
NC Enterprises, Inc. (a)
---------------------------------------------------------------------------------------------------------------------------------
New Century-Cadence, Inc. (a) Energy August 28, CO 100% Holds energy-related company
related 1997
-----------------------------------------------------------------------------------------------------------------------------------
Cadence Network, LLC Energy September 3, DE 15% Energy management and
related 1997 consulting services; also
brokering and marketing of
energy commodities
-----------------------------------------------------------------------------------------------------------------------------------
The Planergy Group, Inc.(a) Energy January 2, TX 100% Holds energy-related
related 1990 companies
-----------------------------------------------------------------------------------------------------------------------------------
Planergy, Inc. (a) Energy August 19, TX 100% Energy management and
related 1977 consulting services
-----------------------------------------------------------------------------------------------------------------------------------
Planergy Services, Inc.(a) Energy July 30, DE 100% Energy management and
related 1987 consulting services
-----------------------------------------------------------------------------------------------------------------------------------
Utility Engineering Energy- August 14, TX 100% Holds energy-related
Corporation related 1985 companies and is engaged in
engineering, design and
construction management, and
invests in/developing
cogeneration and
energy-related projects
-----------------------------------------------------------------------------------------------------------------------------------
Universal Utility Energy- May 2, 1996 TX 100% Provides electric generation
Services Company related services/maintenance
-----------------------------------------------------------------------------------------------------------------------------------
Precision Resource Company Energy- May 6, 1996 TX 100% Provides energy-contract
related personnel service
-----------------------------------------------------------------------------------------------------------------------------------
Quixx Corporation Energy- August 14, TX 100% Invests in/developing
related 1985 cogeneration and
energy-related projects
-----------------------------------------------------------------------------------------------------------------------------------
Quixx Louisville, L.L.C. Energy- March 14, DE 100% Owns and operates gas-fired
related 1994 boilers
-----------------------------------------------------------------------------------------------------------------------------------
Windpower Partners 1994, Energy- December 30, DE 24.67% Owns and operates Wind
L.P. (LP) related 1994 generation facility
-----------------------------------------------------------------------------------------------------------------------------------
Quixx Mustang Station, Energy- October 4, DE 100% Holds energy-related
Inc. related 1996 companies
-----------------------------------------------------------------------------------------------------------------------------------
Denver City Energy Energy- November 6, DE 0.5% Owns interest in gas-fired
Associates, L.P./GP related 1996 combined facility, Mustang
Station
-----------------------------------------------------------------------------------------------------------------------------------
Quixx WPP94, Inc. Energy- December 16, TX 100% Holds energy-related
related 1994 companies
-----------------------------------------------------------------------------------------------------------------------------------
Windpower Partners 1994, Energy- December 30, TX 0.33% Operates Wind generation
L.P. (GP) related 1994 facility
-----------------------------------------------------------------------------------------------------------------------------------
Quixx Power Services, Energy- October 13, TX 100% Operates/maintains
Inc. related 1993 cogeneration facilities
-----------------------------------------------------------------------------------------------------------------------------------
Quixx Resources, Inc. Energy- December 8, NV 100% Holds energy-related
related 1995 companies
</TABLE>
1
<PAGE>
<TABLE>
<CAPTION>
Percentage
of
Name of Energy or Voting Nature
Reporting Gas Related Date of State of Securities Of
Company Company Organization Organization Held Business
------- ------- ------------ ------------ ---- --------
<S> <C> <C> <C> <C> <C>
Borger Energy Energy- May 6, 1997 DE 44.5% Owns interest in gas-fired
Associates, L.P. (LP) related cogeneration facility,
Blackhawk station
----------------------------------------------------------------------------------------------------------
Denver City Energy Energy- November 6, DE 49.5% Owns interest in gas-fired
Associates, L.P.(LP) related 1996 combined facility, Mustang
station
----------------------------------------------------------------------------------------------------------
Quixx Borger Cogen, Inc. Energy- March 13, DE 100% Holds energy-related
related 1997 companies
----------------------------------------------------------------------------------------------------------
Borger Energy Energy- May 6, 1997 DE 0.45% Owns interest in gas-fired
Associates, L.P. (GP) related combined facility, Blackhawk
station
----------------------------------------------------------------------------------------------------------
Quixxlin Corp. Energy- July 16, 1997 DE 100% Holds energy-related
related companies
----------------------------------------------------------------------------------------------------------
Quixx Linden, L.P. (GP) Energy- June 25, 1996 TX 0.50% Owns and operates gas-fired
related cogeneration facility
----------------------------------------------------------------------------------------------------------
Quixx Linden, L.P. (LP) Energy- June 25, 1996 TX 49.5% Owns and operates gas-fired
related cogeneration facility
----------------------------------------------------------------------------------------------------------
Natural Station Equipment, Energy- January 1, DE 100% Manufactures natural gas
LLC related 1999 equipment
----------------------------------------------------------------------------------------------------------
e prime, inc. Energy- January 30, CO 100% Holds energy-related
related 1995 companies and engages in
energy marketing, trading
and providing energy services
----------------------------------------------------------------------------------------------------------
Young Gas Storage Company Energy- July 6, 1993 DE 100% Hold energy-related company
related
----------------------------------------------------------------------------------------------------------
Young Gas Storage Energy- June 30, 1993 CO 47.5% Owns & operates underground
Company, Ltd. related gas storage facilities
----------------------------------------------------------------------------------------------------------
Texas-Ohio Pipeline, Inc. Energy- June 22, 1990 TX 100% Owns and operates gas
related pipeline
----------------------------------------------------------------------------------------------------------
Johnstown Cogeneration Energy- February 8, CO 50% Operates cogeneration
Company, L.L.C. related 1996 facility
----------------------------------------------------------------------------------------------------------
e prime Energy Marketing, Energy- March 3, 1997 CO 100% Provides energy-related
Inc.(new) related services
----------------------------------------------------------------------------------------------------------
e prime Florida, Inc. Energy- October 18, CO 100% Provides retail gas
related 1999 marketing services
----------------------------------------------------------------------------------------------------------
e prime Georgia, Inc. Energy- June 10, 1999 GA 100% Provides retail gas
related marketing services
----------------------------------------------------------------------------------------------------------
Public Service Company of
Colorado ("PSCo")
----------------------------------------------------------------------------------------------------------
Colorado Natural Fuels, LLC Energy December 17, CO 100% Hold energy-related companies
related 1999
----------------------------------------------------------------------------------------------------------
Natural Fuels Company, LLC Energy January 1, DE 100% Engages in natural gas
related 1999 distribution and provides
refueling station/natural
gas distribution equipment
</TABLE>
(a) Directly and/or indirectly holds securities in energy-related companies.
LP: Limited Partner, GP: General Partner.
2
<PAGE>
Narrative Description of Activities for Reporting Period
New Century Cadence, Inc. - Exclusively in business of holding interest in
Cadence Network, LLC. Cadence Network, LLC provides a single source for both
energy management services and products designed to lower energy costs for
national companies that operate at multiple locations.
The Planergy Group, Inc. and subsidiaries - The Planergy Group, Inc. consists of
two principal operating subsidiaries providing energy management, consulting and
demand side management services to industrial, commercial, utility and municipal
customers. The operating subsidiaries consist of Planergy, Inc. and Planergy
Services, Inc. Other subsidiaries that were acquired are inactive or have no
significant operations or employees.
Utility Engineering Corporation ("UE") - UE is engaged in engineering, design,
construction management and other miscellaneous services. UE currently has three
wholly-owned subsidiaries - Universal Utility Services Company, Precision
Resource Company, and Quixx Corporation ("Quixx"). Universal Utility Services
Company provides cooling tower maintenance and repair, certain other industrial
plant improvement services, and engineered maintenance of high voltage plant
electric equipment. Precision Resource Company provides contract professional
and technical resources for customers in the energy industrial sectors. On
January 1, 2000, UE acquired Quixx Corporation and its subsidiaries from NC
Enterprises at net book value, aggregate value of approximately $74 million.
Quixx's primary business is investing in and developing cogeneration and
energy-related projects. Quixx also holds water rights and certain other
non-utility assets. Quixx also finances the sale of heat pumps. Quixx currently
has several subsidiaries, most of which hold interests in various energy-related
investments.
Quixx Linden, L.P. - Quixx Linden, L.P. owns a 23 Mw natural gas fired
cogeneration facility in Linden, New Jersey. Quixxlin Corporation, a
wholly-owned subsidiary of Quixx, holds a 0.5% general partnership interest in
this partnership. This facility commenced cogeneration operations in October
1999. It is estimated that final completion of this facility will be in early
2000. Quixx also directly holds a 49.5% limited partnership interest in Quixx
Linden, L.P.
Colorado Natural Fuels, LLC - Colorado Natural Fuels, LLC was formed in December
1999 and owns 100% of Natural Fuels Company LLC ("NATCO"). NATCO is engaged in
the sale of compressed natural gas as a transportation fuel to retail markets
and the conversion of vehicles for natural gas usage. Colorado Natural Fuels,
LLC is a wholly-owned subsidiary of PSCo.
Natural Station Equipment LLC ("STATCO") - STATCO assembles, packages and sells
equipment (large compressors, heavy steel storage vessels, and fuel dispensers)
to the national and international natural gas industry for their construction
and operation of natural gas fueling stations.
e prime, inc.("e prime") - e prime provides energy related products and services
(directly and through its subsidiaries) which include, but are not limited to,
energy marketing and trading and energy consulting. Also, e prime owns Young Gas
Storage Company, which has a 47.5% interest in Young Gas Storage Company Ltd.
Johnstown Cogeneration Company, L.L.C. ("Johnstown") - Johnstown is electric
cogeneration facility which e prime owns a 50% general partnership interest.
3
<PAGE>
Item 2. - Issuances and Renewals of Securities and Capital Contribution
CAPITAL CONTRIBUTIONS (in thousands of dollars):
Company Company Amount of
Contributing Receiving Capital
Capital Capital Contribution
------- ------- ------------
Cadence Network, LLC, executive Cadence Network, LLC $ 5
e prime, inc. Johnstown Cogeneration Company, $ 38
L.L.C.
PSCo Colorado Natural Fuels, LLC $615
Item 3. - ASSOCIATED TRANSACTIONS
Part I. - Transactions performed by reporting companies on behalf of associate
companies (in thousands of dollars).
<TABLE>
<CAPTION>
Reporting Company Associate Company Types of Services Rendered Direct Indirect Cost Total
Rendering Receiving Costs Costs of Amount
Services Services Charged Charged Capital Billed
-------- -------- ------------------------- ------- ------- ------- ------
<S> <C> <C> <C> <C> <C> <C>
UE PSCo Engineering/Utility
Professional Services $20,577 $ - $ - $20,577
UE Southwestern Public Engineering/Utility 2,259 - - 2,259
Service Co. Professional Services
UE New Century Services, Engineering Professional 1,580 - - 1,580
Inc. Services
Colorado Natural PSCo Gas sales and gas equipment 10 - - 10
Fuels LLC. maintenance
e prime PSCo Gas purchased 8,200 - - 8,200
</TABLE>
4
<PAGE>
Part II. - Transactions performed by associate companies on behalf of reporting
companies (in thousands of dollars).
<TABLE>
<CAPTION>
Reporting Associate
Company Company Types of Direct Indirect Cost Total
Receiving Rendering Services Costs Costs Of Amount
Services Services Rendered Charged Charged Capital Billed
-------- -------- -------- ------- ------- ------- ------
<S> <C> <C> <C> <C> <C>
Cadence Network, LLC New Century Services, Administrative support; mgmt $ 18 $ 3 $ 1 $ 22
Inc. services
Planergy Group New Century Services, Administrative support; mgmt 29 40 4 73
Inc. services
Quixx Linden, L.P. Quixx Power Services Power plant operating management 600 - - 600
fee and expenses
Quixx Linden, L.P. Quixx Corporation Partnership management fee 25 - - 25
Utility Engineering New Century Services, Administrative support; mgmt 357 359 32 748
Corporation Inc. services
Natural Station New Century Services, Administrative support; mgmt 18 10 - 28
Equipment, LLC Inc. services
Natural Station PSCo Utilities Services 2 - - 2
Equipment, LLC
Colorado Natural PSCo Gas transportation 48 - - 48
Fuels LLC. parts/services
e prime, inc. New Century Services, Administrative support; mgmt 97 95 9 201
Inc. services
e prime, inc. PSCo Gas transportation services 1,891 - - 1,891
e prime, inc. PSCo Compressor - Usage 33 - - 33
</TABLE>
5
<PAGE>
Item 4. - SUMMARY OF AGGREGATE INVESTMENT
Investments in energy-related companies: (in thousands)
Total consolidated capitalization as of
June 30, 2000 $ 5,508,800 Line 1
Total capitalization multiplied by 15%
(Line 1 multiplied by 0.15) 826,320 Line 2
Greater of $50 million or line 2 $826,320 Line 3
Total current aggregate investment:
(categorized by major line of energy-
related business)
Energy management services (Category I) 18,973
Compressed natural gas services (Category III) 4,361
Brokering/Marketing services (Category V) 10,000
Developing/Ownership QF's (Category VIII) 3,451
-----
Total current aggregate investment 36,785 Line 4
-------
Difference between the greater of $50 million or 15% of
capitalization and the total aggregate investment of the
registered holding company system $789,535 Line 5
(line 3 less line 4) ========
Investments in gas-related companies:
NONE
Item 5. - OTHER INVESTMENTS (in thousands)
<TABLE>
<CAPTION>
Other Other
Major Line Investment Investment Reason for
of Energy-Related in Last in This Difference in
Business (a) U-9C-3 Report U-9C-3 Report Other Investment
------------ ------------- ------------- ----------------
<S> <C> <C>
Brokering/Marketing services 27,199 $ 27,199
Engineering and related services 11,463 11,463
Developing/Ownership QF's 85,713 85,713
</TABLE>
(a) Investments for these reporting companies, prior to March 23, 1997, were
excluded from aggregate investments in Items 4. These reporting companies'
investments were subsidiaries, directly or indirectly, of NC Enterprises, which
were created in conjunction with the formation of NCE, effective August 1, 1997.
6
<PAGE>
Item 6. - FINANCIAL STATEMENTS AND EXHIBITS
A. Financial Statements:
Exhibit A-1 Financial statements of Cadence Network, LLC for the quarter
ended June 30, 2000 - filed under confidential treatment pursuant to Rule
104(b).
Exhibit A-2 Financial statements of the Planergy Group and subsidiaries
for the quarter ended June 30, 2000 - filed under confidential treatment
pursuant to Rule 104(b).
Exhibit A-3 Financial statements of Quixx Linden, L.P. for the quarter
ended June 30, 2000 - filed under confidential treatment pursuant to Rule
104(b).
Exhibit A-4 Financial statements of Utility Engineering Corporation and
subsidiaries for the quarter ended June 30, 2000 - filed under
confidential treatment pursuant to Rule 104(b).
Exhibit A-5 Financial statements of Natural Station Equipment LLC for the
quarter ended June 30, 2000 - filed under confidential treatment pursuant
to Rule 104(b).
Exhibit A-6 Financial statements of e prime, inc. and subsidiaries for the
quarter ended June 30, 2000 - filed under confidential treatment pursuant
to Rule 104(b).
Exhibit A-7 Financial statement of Johnstown Cogeneration Company, L.L.C.
for the quarter ended June 30, 2000 - filed under confidential treatment
pursuant to Rule 104(b).
Exhibit A-8 Financial statement of Colorado Natural Fuels, LLC for the
quarter ended June 30, 2000- filed under confidential treatment pursuant
to Rule 104(b).
B. Exhibits:
NONE
7
<PAGE>
SIGNATURE
The undersigned registered holding company has duly caused this quarterly
report to be signed on its behalf by the undersigned officer thereunto duly
authorized pursuant to the requirements of the Public Utility Holding Company
Act of 1935.
New Century Energies, Inc.
By /s/ Teresa S. Madden
--------------------
Teresa S. Madden
Controller
August 28, 2000
With the above signature, I also certify that the corresponding report on Form
U-9C-3 for the first quarter of 2000 was filed with New Century Energies, Inc.'s
interested state commissions whose names and addresses are listed below.
Public Utilities Commission of the State of Colorado
1580 Logan Street
Denver, CO 80203
Public Service Commission of Wyoming
Hansen Building, Suite 300
2515 Warren Avenue
Cheyenne, WY 82002
Public Utility Commission of Texas
1701 N. Congress Avenue
Austin, Texas 78711
New Mexico Public Regulation Commission
224 E. Palace Avenue
Santa Fe, NM 87503
Kansas Corporation Commission
1500 SW Arrowhead Road
Topeka, KS 66604
Oklahoma Corporation Commission
2101 N. Lincoln Blvd., Suite 130
Oklahoma City, OK 73105
8
