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File No. 1-12859
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
FORM U-3A-2
Statement by Holding Company Claiming Exemption Under Rule U-3A-2 from the Provisions of the
Public Utility Holding Company Act of 1935
CTG RESOURCES, INC.
hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information:
1. Name, state of organization, location and nature of business of claimant and every subsidiary thereof, other than any exempt wholesale generator (EWG) or foreign utility company in which claimant directly or indirectly holds an interest.
1(a) Claimant Information.
Name of Claimant: The claimant's name is CTG Resources, Inc. ("CTG").
State of Organization: CTG is incorporated under the laws of the State of Connecticut.
Location and Nature of Business: CTG's principal place of business and executive offices are located at 100 Columbus Boulevard, Hartford, Connecticut 06103.
CTG is the holding company for Connecticut Natural Gas Corporation ("CNG") and The Energy Network, Inc. ("TEN") and, indirectly, for their several subsidiaries. CNG, TEN and their subsidiaries are described in Section 1(b). The business of CTG consists
of owning the common stock of its two subsidiaries, CNG and TEN, and of raising capital to meet the needs of CNG, TEN and their subsidiaries. CTG is not an operating company.
1(b) Subsidiary Information.
(i) Name of Subsidiary: Connecticut Natural Gas Corporation.
State of Organization: CNG is incorporated under the laws of the State of Connecticut.
Location and Nature of Business: CNG's principal place of business and executive offices are located at 100 Columbus Boulevard, Hartford,
Connecticut 06103. CNG is a public utility gas company under the jurisdiction of the Connecticut Department of Public Utility Control. It is a wholly-owned subsidiary of CTG. The principal business of CNG is the distribution, transportation and sale of
natural gas in Hartford and twenty (20) other cities and towns in central Connecticut and in Greenwich, Connecticut.
(ii) Name of Subsidiary: The Energy Network, Inc.
State of Organization: TEN is incorporated under the laws of the State of Connecticut.
Location and Nature of Business: TEN's principal place of business and executive offices are located at 100 Columbus Boulevard,
Hartford, Connecticut 06103. It is a wholly-owned subsidiary of CTG. TEN owns and operates a district heating and cooling system serving a number of large buildings in the Capitol Area of Hartford, Connecticut. In addition, TEN is the parent company of
several subsidiaries that are also engaged in unregulated, energy-related activities, as described in sections (iv) through (vii) below. TEN is not a public utility company.
(iii) Name of Subsidiary: CNG Realty Corp. ("CNGR").
State of Organization: CNGR is incorporated under the laws of the State of Connecticut.
Location and Nature of Business: CNGR's principal place of business and executive offices are located at 100 Columbus Boulevard,
Hartford, Connecticut 06103. It is a wholly-owned subsidiary of CNG. CNGR is a single-purpose corporation that owns CNG's Operating and Administrative Center at 100 Columbus Boulevard, including the 7-acre site and the buildings thereon. CNGR engages in
no other business activity.
(iv) Name of Subsidiary: TEN Transmission Company.
State of Organization: TEN Transmission Company is incorporated under the laws of the State of Connecticut.
Location and Nature of Business: TEN Transmission Company's principal place of business and executive offices are located at 100
Columbus Boulevard, Hartford, Connecticut 06103. It is a wholly-owned subsidiary of TEN. TEN Transmission Company owns a 4.87 percent share of the Iroquois Gas Transmission System Partnership, which owns a natural gas pipeline that delivers Canadian
natural gas into New York State and Southern New England.
(v) Name of Subsidiary: The Hartford Steam Company ("HSC").
State of Organization: HSC is incorporated under the laws of the State of Connecticut.
Location and Nature of Business: HSC's principal place of business is located at 60 Columbus Boulevard, Hartford, Connecticut. HSC's
executive offices are located at 100 Columbus Boulevard, Hartford, Connecticut 06103. HSC, which is a wholly-owned subsidiary of TEN, owns and operates a district heating and cooling system serving a number of large buildings in central Hartford,
Connecticut.
-2-
(vi) Name of Subsidiary: ENI Gas Services, Inc. ("ENIGas").
State of Organization: ENIGas is incorporated under the laws of the State of Connecticut.
Location and Nature of Business: ENIGas's principal place of business and executive offices are located at 100 Columbus
Boulevard, Hartford, Connecticut 06103. It is a wholly-owned subsidiary of TEN. ENIGas owns a 99% interest in the KBC Energy Services Partnership, which marketed natural gas supplies and energy management services to commercial and industrial end-users,
primarily in New England, through May 1998. KBC wound down its business and ceased operations in 1998.
(vii) Name of Subsidiary: TEN Gas Services, Inc. ("TENGas").
State of Organization: TENGas is incorporated under the laws of the State of Connecticut.
Location and Nature of Business: TENGas's principal place of business and executive offices are located at 100 Columbus
Boulevard, Hartford, Connecticut 06103. It is a wholly-owned subsidiary of TEN. TENGas owns a one percent interest in the KBC Energy Services Partnership, which marketed natural gas supplies and energy management services to commercial and industrial
end-users, primarily in New England, through May 1998. KBC wound down its business and ceased operations in 1998. In the Company's accounting system and in the consolidating statements found in EXHIBIT A, TENGas is combined with ENIGas.
2. A brief description of the properties of claimant and each of its subsidiary public utility companies used for the generation, transmission, and distribution of electric energy for sale, or for the production, transmission, and distribution of natural or manufactured gas, indicating the location of principal generating plants, transmission lines, producing fields, gas manufacturing plants, and electric and gas distribution facilities, including all such properties which are outside the State in which claimant and its subsidiaries are organized and all transmission or pipelines which deliver or receive electric energy or gas at the borders of such State.
2(a) Claimant Information: CTG has no properties other than the ownership of all of the common stock of CNG and of TEN.
2(b) CNG - Subsidiary Public Utility Company Information: A major portion of CNG's physical assets consists of gas distribution facilities. As of December 31, 1999, CNG owned approximately 1,898 miles of distribution mains, 114,053 service units and 152,013 meters-in-field for customer use, all located in Connecticut. CNG owns a liquified natural gas plant in Rocky Hill, Connecticut. CNG does not own any producing fields, gas manufacturing plants or pipelines which deliver or receive gas at the border of the State of Connecticut. CNG has contracted for storage service under which gas available during the warmer months of the year is stored underground, out-of-state, for use during the colder winter months of the year and for balancing throughout the year.
-3-
3. The following information for the last calendar year with respect to claimant and each of its subsidiary public utility companies:
During the last calendar year, only CNG has been an operating public utility company, and, therefore, the information that follows relates to it alone.
(a) Number of kwh. of electric energy sold (at retail or wholesale), and Mcf. of natural or manufactured gas distributed at retail.
Answer: 34,312,054 Mcf.
(b) Number of kwh. of electric energy and Mcf. of natural or manufactured gas distributed at retail outside the State in which each such company is organized.
|
STATE |
REVENUES |
MCF |
|
Massachusetts |
$ 1,109,298 |
360,405 |
|
New Hampshire |
2,267,711 |
687,916 |
|
$ 3,377,009 |
1,048,321 |
(c) Number of kwh. of electric energy and Mcf. of natural or manufactured gas sold at wholesale outside the State in which each such company is organized, or at the State line.
|
STATE |
REVENUES |
MCF |
|
Massachusetts |
$ 7,694,295 |
2,607,009 |
|
Rhode Island |
405,243 |
144,853 |
|
New Hampshire |
1,644,997 |
502,040 |
|
New Jersey |
41,593 |
86,142 |
|
Louisiana |
426,950 |
304,854 |
|
New York |
6,504,668 |
2,298,600 |
|
$ 16,717,746 |
5,943,498 |
(d) Number of kwh. of electric energy and Mcf. of natural or manufactured gas purchased outside the State in which each such company is organized or at the State line.
Answer: 44,480,288 Mcf.
4. The following information for the reporting period with respect to claimant and each interest it holds directly or indirectly in an EWG or a foreign utility company, stating monetary amounts in United States dollars:
CTG holds no direct or indirect interest in an EWG or a foreign utility company; therefore, the answers to (a) through (e) below are "None."
(a) Name, location, business address and description of the facilities used by the EWG or foreign utility company for the generation, transmission and distribution of electric energy for sale or for the distribution at retail of natural or manufactured gas.
-4-
(b) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest held.
(c) Type and amount of capital invested, directly or indirectly, by the holding company claiming exemption; any direct or indirect guarantee of the security of the EWG or foreign utility company by the holding company claiming exemption; and any debt or other financial obligation for which there is recourse, directly or indirectly, to the holding company claiming exemption or another system company, other than the EWG or foreign utility company.
(d) Capitalization and earnings of the EWG or foreign utility company during the reporting period.
(e) Identify any service, sales or construction contract(s) between the EWG or foreign utility company and a system company, and describe the services to be rendered or goods sold and fees or revenues under such agreement(s).
EXHIBIT A
A consolidating statement of income and surplus of the claimant and its subsidiary companies for the last calendar year, together with a consolidating balance sheet of claimant and its subsidiary companies as of the close of such calendar year.
Attached as Exhibit A is a consolidating statement of income and surplus of the claimant and its subsidiary companies for the last calendar year, together with a consolidating balance sheet of claimant and its subsidiary companies as of the close of such calendar year.
EXHIBIT B
Financial Data Schedule
If, at the time a report on this form is filed, the registrant is required to submit this report and any amendments thereto electronically via EDGAR, the registrant shall furnish a Financial Data Schedule. The Schedule shall set forth the financial and other data specified below that are applicable to the registrant on a consolidated basis.
Item No. Caption Heading
1 Total Assets
2 Total Operating Revenues
3 Net Income
Attached as Exhibit B is a Financial Data Schedule which sets forth 1) Total Assets, 2) Total Operating Revenues and 3) Net Income applicable to CTG and its subsidiaries as of the close of the last calendar year.
EXHIBIT C
An organizational chart showing the relationship of each EWG or foreign company to associate companies in the holding-company system.
Not applicable.
-5-
The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 29th day of February, 2000.
|
CTG RESOURCES, INC. |
|
|
Executive Vice President and Chief Financial |
Corporate Seal
Attest:
S/ Reginald L. Babcock
(Name) Reginald L. Babcock
(Title) Vice President, General Counsel
and Secretary
Name, title, and address of officer to whom notices and correspondence concerning this statement should be addressed:
James P. Bolduc
Executive Vice President and Chief Financial Officer
CTG Resources, Inc., P.O. Box 1500,
Hartford, CT 06144-1500
|
CTG RESOURCES, INC. |
|||||||||||
|
CONSOLIDATING INCOME STATEMENT |
|||||||||||
|
DECEMBER 31, 1999 |
|||||||||||
|
(UNAUDITED) |
|||||||||||
|
EXHIBIT A |
|||||||||||
|
|
CONNECTICUT |
CNG |
THE ENERGY |
THE |
ENI GAS |
TEN |
|||||
|
Operating Revenues |
$ 268,347 |
$ 1,672 |
$ 5,991 |
$ 20,980 |
$ - |
$ - |
|||||
|
Less: Cost of Energy |
145,860 |
- |
- |
- |
- |
- |
|||||
|
State Gross Receipts Tax |
8,846 |
- |
- |
298 |
- |
80 |
|||||
|
Operating Margin |
113,641 |
1,672 |
5,991 |
20,682 |
- |
(80) |
|||||
|
Operating Expenses: |
|||||||||||
|
Operations & maintenance |
|
|
|
|
|
|
|||||
|
Depreciation |
17,449 |
695 |
596 |
1,628 |
- |
- |
|||||
|
Income taxes |
14,550 |
- |
(632) |
1,540 |
(44) |
128 |
|||||
|
Other taxes |
6,230 |
- |
197 |
1,129 |
- |
1 |
|||||
|
87,168 |
695 |
4,668 |
18,648 |
65 |
175 |
||||||
|
Operating Income |
26,473 |
977 |
1,323 |
2,034 |
(65) |
(255) |
|||||
|
Other Income (Deductions): |
|||||||||||
|
Allowance for equity funds used |
|
|
|
|
|
|
|||||
|
Equity in partnership earnings |
- |
- |
3,812 |
- |
- |
1,838 |
|||||
|
Other income (deductions) |
(73) |
- |
1,879 |
1,155 |
(5) |
(431) |
|||||
|
Nonrecurring items |
- |
- |
- |
- |
- |
- |
|||||
|
Income Taxes |
- |
- |
- |
- |
- |
- |
|||||
|
7 |
- |
5,691 |
1,155 |
(5) |
1,407 |
||||||
|
Interest and Debt Expense |
11,211 |
977 |
4,722 |
1,005 |
(5) |
- |
|||||
|
Net Income |
15,269 |
- |
2,292 |
2,184 |
(65) |
1,152 |
|||||
|
Less-Dividends on Preferred Stock |
61 |
- |
- |
- |
- |
- |
|||||
|
Net Income Applicable to Common |
|
|
|
|
|
|
|||||
Note: Individual columns may not add to Consolidated amounts due to rounding.
|
CTG RESOURCES, INC. |
|||||||||
|
CONSOLIDATING INCOME STATEMENT (CONCLUDED) |
|||||||||
|
DECEMBER 31, 1999 |
|||||||||
|
(UNAUDITED) |
|||||||||
|
EXHIBIT A |
|||||||||
|
|
CTG |
ADJUSTMENTS/ |
CONSOLIDATED |
||||||
|
DEBIT |
CREDIT |
||||||||
|
Operating Revenues |
$ - |
$ - |
$ (4,811) |
$ 292,179 |
|||||
|
Less: Cost of Energy |
- |
8,731 |
- |
154,591 |
|||||
|
State Gross Receipts Tax |
- |
- |
- |
9,224 |
|||||
|
Operating Margin |
- |
(8,731) |
(4,811) |
128,364 |
|||||
|
Operating Expenses: |
|||||||||
|
Operations & maintenance |
|
|
|
|
|||||
|
Depreciation |
- |
- |
(16) |
20,352 |
|||||
|
Income taxes |
- |
450 |
- |
15,992 |
|||||
|
Other taxes |
- |
- |
- |
7,557 |
|||||
|
- |
450 |
(13,548) |
98,321 |
||||||
|
Operating Income |
- |
(9,181) |
8,737 |
30,043 |
|||||
|
Other Income (Deductions): |
|||||||||
|
Allowance for equity funds used |
|
|
|
|
|||||
|
Equity in partnership earnings |
17,244 |
20,771 |
- |
2,123 |
|||||
|
Other income (deductions) |
(3,430) |
2,323 |
- |
1,418 |
|||||
|
Nonrecurring items |
- |
- |
(3,698) |
(3,698) |
|||||
|
Income Taxes |
- |
- |
(513) |
(513) |
|||||
|
13,814 |
23,094 |
(4,211) |
(590) |
||||||
|
Interest and Debt Expense |
- |
- |
(2,332) |
15,578 |
|||||
|
Net Income |
13,814 |
13,913 |
6,858 |
13,875 |
|||||
|
Less-Dividends on Preferred Stock |
- |
- |
- |
61 |
|||||
|
Net Income Applicable to Common |
|
|
|
|
|||||
Note: Individual columns may not add to Consolidated amounts due to rounding.
|
CTG RESOURCES, INC. |
|||||||||||||||||
|
CONSOLIDATING BALANCE SHEET |
|||||||||||||||||
|
AT DECEMBER 31, 1999 |
|||||||||||||||||
|
(UNAUDITED) |
|||||||||||||||||
|
EXHIBIT A |
|||||||||||||||||
|
|
|||||||||||||||||
|
|
CONNECTICUT |
CNG |
THE ENERGY |
THE |
ENI GAS |
TEN |
|||||||||||
|
ASSETS |
|||||||||||||||||
|
Plant and Equipment: |
|||||||||||||||||
|
Regulated energy |
$ 449,056 |
$ 17,874 |
$ - |
$ - |
$ - |
$ - |
|||||||||||
|
Unregulated energy |
- |
- |
18,915 |
47,933 |
- |
- |
|||||||||||
|
Construction work in progress |
783 |
- |
- |
962 |
- |
- |
|||||||||||
|
449,839 |
17,874 |
18,915 |
48,895 |
- |
- |
||||||||||||
|
Less-Allowance for |
|
|
|
|
|
|
|||||||||||
|
284,206 |
11,467 |
12,432 |
31,629 |
- |
- |
||||||||||||
|
Investments, at equity |
1 |
- |
39,121 |
- |
- |
11,058 |
|||||||||||
|
Current Assets: |
|||||||||||||||||
|
Cash and cash equivalents |
705 |
6 |
(3,479) |
3,125 |
(95) |
1,383 |
|||||||||||
|
Accounts and notes receivable |
39,169 |
702 |
28,720 |
9,214 |
54 |
- |
|||||||||||
|
Allowance for doubtful |
|
|
|
|
|
|
|||||||||||
|
Accrued utility revenue |
17,913 |
- |
- |
- |
- |
- |
|||||||||||
|
Inventories |
19,509 |
- |
- |
198 |
- |
- |
|||||||||||
|
Prepaid expenses |
4,795 |
- |
255 |
- |
- |
- |
|||||||||||
|
77,757 |
708 |
25,435 |
12,488 |
(41) |
1,383 |
||||||||||||
|
Deferred Charges and Other Assets: |
|||||||||||||||||
|
Unrecovered future taxes |
5,322 |
- |
- |
- |
- |
- |
|||||||||||
|
Recoverable transition costs |
- |
- |
- |
- |
- |
- |
|||||||||||
|
Other assets |
24,747 |
637 |
38,194 |
(11,347) |
- |
529 |
|||||||||||
|
30,069 |
637 |
38,194 |
(11,347) |
- |
529 |
||||||||||||
|
$ 392,033 |
$ 12,812 |
$ 115,182 |
$ 32,770 |
$ (41) |
$ 12,970 |
||||||||||||
Note: Individual columns may not add to Consolidated amounts due to rounding.
|
CTG RESOURCES, INC. |
|||||||||||||||||
|
CONSOLIDATING BALANCE SHEET |
|||||||||||||||||
|
AT DECEMBER 31, 1999 |
|||||||||||||||||
|
(UNAUDITED) |
|||||||||||||||||
|
EXHIBIT A |
|||||||||||||||||
|
|
CONNECTICUT |
CNG |
THE ENERGY |
THE |
ENI GAS |
TEN |
|||||||||||
|
CAPITALIZATION AND LIABILITIES |
|||||||||||||||||
|
Capitalization: |
|||||||||||||||||
|
Common Stock |
$ 33,233 |
$ 1 |
$ 2 |
$ 62 |
$ 2 |
$ 1 |
|||||||||||
|
Capital in excess of par value |
73,619 |
- |
14,574 |
5,123 |
1,200 |
8,650 |
|||||||||||
|
Retained Earnings |
31,084 |
- |
24,544 |
21,466 |
(1,200) |
2,067 |
|||||||||||
|
137,936 |
1 |
39,120 |
26,651 |
2 |
10,718 |
||||||||||||
|
Unearned compensation - |
|
|
|
|
|
|
|||||||||||
|
Common stock equity |
137,936 |
1 |
39,120 |
26,651 |
2 |
10,718 |
|||||||||||
|
Preferred stock, not subject to |
|
|
|
|
|
|
|||||||||||
|
Long-term debt |
130,000 |
12,440 |
70,600 |
- |
- |
- |
|||||||||||
|
268,794 |
12,441 |
109,720 |
26,651 |
2 |
10,718 |
||||||||||||
|
Current Liabilities: |
|||||||||||||||||
|
Current portion of long-term |
|
|
|
|
|
|
|||||||||||
|
Notes payable |
1,800 |
- |
- |
- |
- |
- |
|||||||||||
|
Accounts payable and accrued |
|
|
|
|
|
|
|||||||||||
|
Refundable purchased gas |
|
|
|
|
|
|
|||||||||||
|
Accrued liabilities |
5,981 |
365 |
480 |
19 |
(44) |
223 |
|||||||||||
|
56,396 |
371 |
1,175 |
1,691 |
55 |
229 |
||||||||||||
|
Deferred Credits: |
|||||||||||||||||
|
Deferred income taxes |
46,018 |
- |
4,287 |
4,428 |
(98) |
2,023 |
|||||||||||
|
Unfunded deferred income |
|
|
|
|
|
|
|||||||||||
|
Investment tax credits |
2,486 |
- |
- |
- |
- |
- |
|||||||||||
|
Refundable taxes |
5,311 |
- |
- |
- |
- |
- |
|||||||||||
|
Other |
7,706 |
- |
- |
- |
- |
- |
|||||||||||
|
66,843 |
- |
4,287 |
4,428 |
(98) |
2,023 |
||||||||||||
|
Commitments and |
|
|
|
|
|
|
|||||||||||
|
$ 392,033 |
$ 12,812 |
$ 115,182 |
$ 32,770 |
$ (41) |
$ 12,970 |
||||||||||||
Note: Individual columns may not add to Consolidated amounts due to rounding.
|
CTG RESOURCES, INC. |
|||||||||
|
CONSOLIDATING BALANCE SHEET (CONCLUDED) |
|||||||||
|
AT DECEMBER 31, 1999 |
|||||||||
|
(UNAUDITED) |
|||||||||
|
EXHIBIT A |
|||||||||
|
|
|
|
|
||||||
|
DEBIT |
CREDIT |
||||||||
|
ASSETS |
|||||||||
|
Plant and Equipment: |
|||||||||
|
Regulated energy |
$ - |
$ - |
$ - |
$ 466,930 |
|||||
|
Unregulated energy |
- |
- |
(1,066) |
65,782 |
|||||
|
Construction work in progress |
- |
- |
- |
1,745 |
|||||
|
- |
- |
(1,066) |
534,457 |
||||||
|
Less-Allowance for depreciation |
- |
550 |
- |
195,239 |
|||||
|
- |
550 |
(1,066) |
339,218 |
||||||
|
Investments, at equity |
176,445 |
- |
(214,377) |
12,248 |
|||||
|
Current Assets: |
|||||||||
|
Cash and cash equivalents |
- |
- |
- |
1,645 |
|||||
|
Accounts and notes receivable |
869 |
- |
(33,684) |
45,044 |
|||||
|
Allowance for doubtful accounts |
- |
- |
- |
(4,444) |
|||||
|
Accrued utility revenue |
- |
- |
- |
17,913 |
|||||
|
Inventories |
- |
- |
- |
19,707 |
|||||
|
Prepaid expenses |
- |
- |
- |
5,050 |
|||||
|
869 |
- |
(33,684) |
84,915 |
||||||
|
Deferred Charges and Other Assets: |
|||||||||
|
Unrecovered future taxes |
- |
- |
- |
5,322 |
|||||
|
Recoverable transition costs |
- |
- |
- |
- |
|||||
|
Other assets |
- |
- |
(24,840) |
27,920 |
|||||
|
- |
- |
(24,840) |
33,242 |
||||||
|
$ 177,314 |
$ 550 |
$ (273,967) |
$ 469,623 |
||||||
Note: Individual columns may not add to Consolidated amounts due to rounding.
|
CTG RESOURCES, INC. |
|||||||||
|
CONSOLIDATING BALANCE SHEET (CONCLUDED) |
|||||||||
|
AT DECEMBER 31, 1999 |
|||||||||
|
(UNAUDITED) |
|||||||||
|
EXHIBIT A |
|||||||||
|
|
|
|
|
||||||
|
DEBIT |
CREDIT |
||||||||
|
CAPITALIZATION AND LIABILITIES |
|||||||||
|
Capitalization: |
|||||||||
|
Common Stock |
$ 67,909 |
$ 33,824 |
$ - |
$ 67,386 |
|||||
|
Capital in excess of par value |
(524) |
102,642 |
- |
- |
|||||
|
Retained Earnings |
64,920 |
78,153 |
- |
64,728 |
|||||
|
132,305 |
214,619 |
- |
132,114 |
||||||
|
Unearned compensation - |
|
|
|
|
|||||
|
Common stock equity |
131,898 |
214,619 |
- |
131,707 |
|||||
|
Preferred stock, not subject to |
|
|
|
|
|||||
|
Long-term debt |
- |
784 |
- |
212,256 |
|||||
|
131,898 |
215,403 |
- |
344,821 |
||||||
|
Current Liabilities: |
|||||||||
|
Current portion of long-term debt |
- |
- |
(784) |
3,284 |
|||||
|
Notes payable |
- |
- |
- |
1,800 |
|||||
|
Accounts payable and accrued |
|
|
|
|
|||||
|
Refundable purchased gas costs |
- |
236 |
- |
2,088 |
|||||
|
Accrued liabilities |
- |
151 |
- |
6,873 |
|||||
|
45,416 |
58,675 |
(784) |
47,442 |
||||||
|
Deferred Credits: |
|||||||||
|
Deferred income taxes |
- |
15 |
- |
56,643 |
|||||
|
Unfunded deferred income taxes |
- |
- |
- |
5,322 |
|||||
|
Investment tax credits |
- |
- |
- |
2,486 |
|||||
|
Refundable taxes |
- |
- |
- |
5,311 |
|||||
|
Other |
- |
108 |
- |
7,598 |
|||||
|
- |
123 |
- |
77,360 |
||||||
|
Commitments and Contingencies |
- |
- |
- |
- |
|||||
|
$ 177,314 |
$ 274,201 |
$ (784) |
$ 469,623 |
||||||
Note: Individual columns may not add to Consolidated amounts due to rounding.
|
CTG RESOURCES, INC. |
|||||||||||||||||
|
CONSOLIDATING STATEMENT OF CHANGES IN RETAINED EARNINGS |
|||||||||||||||||
|
AT DECEMBER 31, 1999 |
|||||||||||||||||
|
(UNAUDITED) |
|||||||||||||||||
|
EXHIBIT A |
|||||||||||||||||
|
|
CONNECTICUT |
CNG |
THE ENERGY |
THE |
ENI GAS |
TEN |
|||||||||||
|
Retained Earnings at 12/31/98 |
$ 31,138 |
$ - |
$ 24,252 |
$ 21,282 |
$ (1,135) |
$ 915 |
|||||||||||
|
Net Income/(Loss) |
15,208 |
- |
2,292 |
2,184 |
(65) |
1,152 |
|||||||||||
|
Dividends Paid |
(15,262) |
- |
(2,000) |
(2,000) |
- |
- |
|||||||||||
|
Retained Earnings at 12/31/99 |
$ 31,084 |
$ - |
$ 24,544 |
$ 21,466 |
$ (1,200) |
$ 2,067 |
|||||||||||
Note: Individual columns may not add to Consolidated amounts due to rounding.
|
CTG RESOURCES, INC. |
||||||||
|
CONSOLIDATING STATEMENT OF CHANGES IN RETAINED EARNINGS (CONCLUDED) |
||||||||
|
AT DECEMBER 31, 1999 |
||||||||
|
(UNAUDITED) |
||||||||
|
EXHIBIT A |
||||||||
|
|
|
|
|
|||||
|
DEBIT |
CREDIT |
|||||||
|
Retained Earnings at 12/31/98 |
$ 60,100 |
$ 76,644 |
$ - |
$ 59,908 |
||||
|
Net Income/(Loss) |
13,814 |
20,771 |
- |
13,814 |
||||
|
Dividends Paid |
(8,994) |
- |
(19,262) |
(8,994) |
||||
|
Retained Earnings at 12/31/99 |
$ 64,920 |
$ 97,415 |
$ (19,262) |
$ 64,728 |
||||
Note: Individual columns may not add to Consolidated amounts due to rounding.
|
|