<PAGE>
SECURITIES AND EXCHANGE COMMISSION
450 North Fifth Street, N. W.
Washington, D. C. 20549
-----------------------
FORM U-3A-2
File No. 69-361
Statement by Holding Company Claiming Exemption Under Rule U-3A-2 From the
Provisions of the Public Utility Holding Company Act of 1935.
MARBEL Energy Corporation
- --------------------------------------------------------------------------------
(Name of company)
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 or 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.
CLAIMANT
Name: Marbel Energy Corporation
State of Organization: Ohio
Location: 104 Sixth Street, SW, Canton, OH 44702
Nature of Business: Holding Company
SUBSIDIARIES
Name: The Northeast Ohio Operating Companies, Inc.
State of Organization: Ohio
Location: 5640 Lancaster-Newark Road, NE, Pleasantville, OH 43148
Nature of Business: Holding Company
Name: Northeast Ohio Natural Gas Corp.
State of Organization: Ohio
Location: 5640 Lancaster-Newark Road, NE, Pleasantville, OH 43148
Nature of Business: Transportation and Sale of Natural Gas at
Retail
<PAGE>
Name: Ohio Intrastate Gas Transmission Company
State of Organization: Ohio
Location: 5640 Lancaster-Newark Road, NE, Pleasantville, OH 43148
Nature of Business: Transportation of Natural Gas
Name: Northeast Ohio Gas Marketing, Inc.
State of Organization: Ohio
Location: 5640 Lancaster-Newark Road, NE, Pleasantville, OH 43148
Nature of Business: Marketing of Natural Gas
Name: Gas Transport, Inc.
State of Organization: Delaware
Location: 5640 Lancaster-Newark Road, NE, Pleasantville, OH 43148
Nature of Business: Transportation of Natural Gas
Name: NEO Construction Company
State of Organization: Ohio
Location: 5640 Lancaster-Newark Road, NE, Pleasantville, OH 43148
Nature of Business: Construction
Name: MB Operating Co., Inc.
State of Organization: Ohio
Location: 104 Sixth Street, SW, Canton, OH 44702
Nature of Business: Production Company
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.
Northeast Ohio Natural Gas Corp. has three hundred ten (310)
miles of distribution facilities located in the Ohio
counties of Carroll, Coshocton, Fairfield, Harrison, Holmes,
Medina, Portage, Stark, Trumbull, Tuscarawas, and Wayne. A
major portion of these facilities are located in or near the
cities and villages of Bowerston, Braceville, Canton,
Lancaster, Leesville, Malvern, Maysville, New Bedford,
Orrville, Warrren, Winesburg and Wooster.
3. The following information for the last calendar year with respect to
claimant and each of its subsidiary public utility companies:
(a) Number of kwh. of electric energy sold (at retail or wholesale),
and Mcf of natural or manufactured gas distributed at retail.
589,637 Mcf
2
<PAGE>
(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.
0 Mcf
(c) Number of kwh. of electric energy and Mcf of natural or
manufactured gas sold at wholesale outside the State in which
such company is organized, or at the State line.
0 Mcf
(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.
164,084 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:
(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.
None.
(b) Name of each system company that holds an
interest in such EWG or foreign utility company; and
description of the interest held.
None.
(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.
None.
(d) Capitalization and earnings of the EWG or
foreign utility company during the reporting period.
None.
3
<PAGE>
(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).
None.
4
<PAGE>
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.
The above-named claimant has caused this statement to be duly signed on its
behalf by its authorized officer on the 18th day of February, 1998.
Attest: MARBEL Energy Corporation
---------------------------------------------
(Name of Claimant)
/s/ Dean K. Cobbs By /s/ Thomas G. Booth
- ----------------------------- -------------------------------------------
Dean K. Cobbs Thomas G. Booth
Assistant Secretary Chief Executive Officer
Name, title and address of officer to whom notices and correspondence
concerning this statement should be addressed: Thomas G. Booth, Chief Executive
Officer, 5640 Lancaster-Newark Road, N.E., Pleasantville, OH 43148, Mailing
Address: P.O. Box 430, Lancaster, OH 43130.
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 date 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.
EXHIBIT C
An organizational chart showing the relationship of each EWG or foreign
utility company to associate companies in the holding company system.
Not applicable.
5
<PAGE>
<TABLE>
<CAPTION>
MARBEL ENERGY CORPORATION
CONSOLIDATION OF NORTHEAST OHIO NATURAL GAS CORP., NORTHEAST OHIO GAS MARKETING,
OHIO INTRASTATE GAS TRANSMISSION COMPANY, GAS TRANSPORT, INC., NEO CONSTRUCTION,
MB OPERATING COMPANY AND THE NORTHEAST OHIO OPERATING COMPANIES, INC.
YEAR-TO-DATE 12/31/97
------------------------------------------------------------------------------------
NEO OPERATING NEO NATURAL OHIO INTRA. NEO GAS GAS
INCOME STATEMENT COMPANIES GAS CORP. GAS TRANS. MARKETING TRANSPORT
- ------------------------- ------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
OPERATING REVENUES 1,198,632.00 4,962,138.47 916,869.24 66,730,286.19 10,419,244.05
------------------------------------------------------------------------------------
OPERATING EXPENSES:
PURCHASED GAS COSTS 0.00 2,024,706.23 0.00 64,848,774.84 10,386,466.78
OIL & GAS OPERATIONS 0.00 0.00 0.00 0.00 0.00
OPERATIONS EXPENSE 1,143,270.02 1,592,488.40 571,453.90 918,421.13 653,391.04
MAINTENANCE EXPENSE 1,134.43 81,353.15 0.00 659.06 12,265.91
DEPRECIATION & AMORT. 118,296.88 363,122.80 50,626.30 4,673.97 96,025.97
GENERAL TAXES 51,881.63 680,141.36 90,600.31 15,830.60 60,842.43
INCOME TAXES (169,137.69) 42,667.51 46,227.86 320,478.40 (291,820.61)
------------------------------------------------------------------------------------
TOTAL OPERATING EXPENSES 1,145,445.27 4,784,479.45 758,908.37 66,108,838.00 10,917,171.52
------------------------------------------------------------------------------------
OPERATING INCOME 53,186.73 177,659.02 157,960.87 621,448.19 (497,927.47)
------------------------------------------------------------------------------------
OTHER INC.(DEDUCT.)
SUBSIDIARY INC.(LOSS) 241,358.42 0.00 0.00 0.00 0.00
OTHER 162,882.75 51,551.83 0.00 0.00 0.00
------------------------------------------------------------------------------------
TOTAL OTHER INC.(DEDUCT.) 404,241.17 51,551.83 0.00 0.00 0.00
------------------------------------------------------------------------------------
INC. (LOSS) BEFORE INT. EXP. 457,427.90 229,210.85 157,960.87 621,448.19 (497,927.47)
INTEREST EXPENSE 404,011.20 148,305.86 68,241.23 0.00 0.00
------------------------------------------------------------------------------------
NET INCOME (LOSS) 53,416.70 80,904.99 89,719.64 621,448.19 (497,927.47)
====================================================================================
--------------------------------------------------------------------------------------
NEO RECLASS/ELIM. NEO MB MARBEL
INCOME STATEMENT CONSTRUCTION ENTRIES CONSOLIDATED OPERATING ENERGY
- ------------------------- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
OPERATING REVENUES 9,300.00 (12,101,414.09) 72,135,055.86 29,796,045.00 2,306,796.81
--------------------------------------------------------------------------------------
OPERATING EXPENSES:
PURCHASED GAS COSTS 0.00 (10,859,414.09) 66,400,533.76 0.00 0.00
OIL & GAS OPERATIONS 0.00 0.00 0.00 15,324,318.00 0.00
OPERATIONS EXPENSE 1,500.17 (1,242,000.00) 3,638,524.66 4,431,562.00 1,545,198.08
MAINTENANCE EXPENSE 577.57 0.00 95,990.12 0.00 0.00
DEPRECIATION & AMORT. 77,462.77 0.00 710,208.69 5,450,627.00 285,200.00
GENERAL TAXES 7,425.57 0.00 906,721.90 0.00 0.00
INCOME TAXES (27,193.26) 0.00 (78,777.79) 805,199.00 110,396.55
--------------------------------------------------------------------------------------
TOTAL OPERATING EXPENSES 59,772.82 (12,101,414.09) 71,673,201.34 26,011,706.00 1,940,794.63
--------------------------------------------------------------------------------------
OPERATING INCOME (50,472.82) 0.00 461,854.52 3,784,339.00 366,002.18
--------------------------------------------------------------------------------------
OTHER INC.(DEDUCT.)
SUBSIDIARY INC.(LOSS) 0.00 (241,358.42) 0.00 0.00 0.00
OTHER (1,061.05) (219,274.03) (5,900.50) 0.00 0.00
--------------------------------------------------------------------------------------
TOTAL OTHER INC.(DEDUCT.) (1,061.05) 0.00 (5,900.50) 0.00 0.00
--------------------------------------------------------------------------------------
INC. (LOSS) BEFORE INT. EXP. (51,533.87) 0.00 455,954.02 3,784,339.00 366,002.18
INTEREST EXPENSE 1,253.06 (219,274.03) 402,537.32 1,368,746.00 947,293.42
--------------------------------------------------------------------------------------
NET INCOME (LOSS) (52,786.93) (241,358.42) 53,416.70 2,415,593.00 (581,291.24)
=======================================================================================
-------------------------------------
RECLASS/ELIM. MARBEL
INCOME STATEMENT ENTRIES CONSOLIDATED
- ------------------- -------------------------------------
<S> <C> <C>
OPERATING REVENUES (3,268,374.00) 100,969,523.67
-------------------------------------
OPERATING EXPENSES:
PURCHASED GAS COSTS (131,248.00) 66,269,285.76
OIL & GAS OPERATIONS 15,324,318.00
OPERATIONS EXPENSE (1,920,000.00) 7,695,284.74
MAINTENANCE EXPENSE 95,990.12
DEPRECIATION & AMORT. 6,446,035.69
GENERAL TAXES 906,721.90
INCOME TAXES 836,817.76
-------------------------------------
TOTAL OPERATING EXPENSES (2,051,248.00) 97,574,453.97
-------------------------------------
OPERATING INCOME (1,217,126.00) 3,395,069.70
-------------------------------------
OTHER INC.(DEDUCT.)
SUBSIDIARY INC.(LOSS) 0.00
OTHER (5,900.50)
-------------------------------------
TOTAL OTHER INC.(DEDUCT.) 0.00 (5,900.50)
-------------------------------------
INC. (LOSS) BEFORE INT. EXP. (1,217,126.00) 3,389,169.20
INTEREST EXPENSE (1,217,126.00) 1,501,450.74
-------------------------------------
NET INCOME (LOSS) 0.00 1,887,718.46
======================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
MARBEL ENERGY CORPORATION
CONSOLIDATION OF NORTHEAST OHIO NATURAL GAS CORP., NORTHEAST OHIO GAS MARKETING,
OHIO INTRASTATE GAS TRANSMISSION COMPANY, GAS TRANSPORT, INC., NEO CONSTRUCTION,
MB OPERATING COMPANY AND THE NORTHEAST OHIO OPERATING COMPANIES, INC.
YEAR-TO-DATE 12/31/97
-------------------------------------------------------------------------------------------
STATEMENT OF NEO OPERATING NEO NATURAL OHIO INTRA. NEO GAS GAS NEO
RETAINED EARNINGS COMPANIES GAS CORP. GAS TRANS. MARKETING TRANSPORT CONSTRUCTION
- ----------------------- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
RETAINED EARNINGS, BEG.
OF PERIOD 3,329,205.79 474,344.76 136,825.94 650,465.67 405,264.13 116,409.46
NET INC. (LOSS) FOR PERIOD 53,416.70 80,904.99 89,719.64 621,448.19 (497,927.47) (52,786.93)
ADJUSTMENTS PRIOR YEAR 4,462.00 0.00 0.00 0.00 0.00 0.00
-------------------------------------------------------------------------------------------
RETAINED EARNINGS, END
OF PERIOD 3,387,084.49 555,249.75 226,545.58 1,271,913.86 (92,663.34) 63,622.53
-------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------
<CAPTION>
YEAR-TO-DATE 12/31/97
----------------------------------------------------------------------------------------------
STATEMENT OF RECLASS/ELIM. NEO MB MARBEL RECLASS/ELIM. MARBEL
RETAINED EARNINGS ENTRIES CONSOLIDATED OPERATING ENERGY ENTRIES CONSOLIDATED
- ----------------------- ----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
RETAINED EARNINGS, BEG.
OF PERIOD (1,778,847.96) 3,333,667.79 30,424,684.00 29,145,044.06 (32,452,242.00) 30,451,153.85
NET INC. (LOSS) FOR PERIOD (241,358.42) 53,416.70 2,415,593.00 (581,291.24) - 1,887,718.46
ADJUSTMENTS PRIOR YEAR (4,462.00) 0.00 - - - -
----------------------------------------------------------------------------------------------
RETAINED EARNINGS, END
OF PERIOD (2,024,668.38) 3,387,084.49 32,840,277.00 28,563,752.82 (32,452,242.00) 32,338,872.31
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
MARBEL ENERGY CORPORATION
CONSOLIDATION OF NORTHEAST OHIO NATURAL GAS CORP., NORTHEAST OHIO GAS MARKETING,
OHIO INTRASTATE GAS TRANSMISSION COMPANY, GAS TRANSPORT, INC., NEO CONSTRUCTION,
MB OPERATING COMPANY AND THE NORTHEAST OHIO OPERATING COMPANIES, INC.
YEAR-TO-DATE 12/31/97
----------------------------------------------------------------------------------------------
NEO OPERATING NEO NATURAL OHIO INTRA. NEO GAS GAS NEO
ASSETS COMPANIES GAS CORP. GAS TRANS. MARKETING TRANSPORT CONSTRUCTION
- ----------------------- ----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
PROPERTY PLANT AND EQUIP. 2,185,060.60 8,127,995.69 2,660,412.12 157,212.26 4,370,472.20 613,074.36
LESS: ACCUM. DEPREC. (285,315.97) (1,823,526.86) (76,198.69) (43,163.48) (3,745,081.80) (288,435.91)
----------------------------------------------------------------------------------------------
NET PLANT 1,899,744.63 6,304,468.83 2,584,213.43 114,048.78 625,390.40 324,638.45
CWIP 0.00 528,025.04 337,914.28 0.00 12,789.35 0.00
----------------------------------------------------------------------------------------------
TOTAL PLANT 1,899,744.63 6,832,493.87 2,922,127.71 114,048.78 638,179.75 324,638.45
CURRENT ASSETS:
CASH 131,233.41 (1,729,144.56) (1,524,136.04) 912,826.40 (644,548.74) 8,436.26
SHORT-TERM INVESTMENT 0.00 0.00 0.00 446,755.04 0.00 0.00
ACCOUNTS RECEIVABLE 0.00 791,470.13 50,907.94 4,302,921.29 994,897.00 0.00
INTERCO. RECEIVABLE 0.00 20,637.79 24,589.60 1,570,965.89 0.00 0.00
INTERCO. NOTE RECEIVABLE 90,000.00 0.00 0.00 0.00 0.00 0.00
INVENTORY 0.00 102,087.43 0.00 0.00 0.00 0.00
PREPAYMENTS 438,557.63 681,448.03 134,797.33 185,615.70 581,098.43 44,199.63
OTHER 4,444.67 20,775.11 0.00 4,785.66 17,026.96 0.00
----------------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 664,235.71 (112,726.07) (1,313,841.17) 7,423,869.98 948,473.65 52,635.89
OTHER ASSETS:
INTERCO. NOTE RECEIVABLE 2,321,500.00 0.00 0.00 0.00 0.00 0.00
DEFERRED CHARGES 0.00 138,498.22 0.00 0.00 0.00 0.00
DEFERRED TAXES 6,325.00 417,940.65 0.00 0.00 373.71 0.00
INVESTMENT IN SUBSIDIARIES 5,651,460.38 0.00 0.00 0.00 0.00
GOODWILL 0.00 0.00 0.00 0.00 0.00 0.00
PREPAYMENT AND OTHER 714.38 1,470.54 0.00 0.00 1,040.00 0.00
----------------------------------------------------------------------------------------------
TOTAL OTHER ASSETS 7,979,999.76 557,909.41 0.00 0.00 1,413.71 0.00
----------------------------------------------------------------------------------------------
TOTAL ASSETS 10,543,980.10 7,277,677.21 1,608,286.54 7,537,918.76 1,588,067.11 377,274.34
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
<CAPTION>
YEAR-TO-DATE 12/31/97
--------------------------------------------------------------------------------------------------
RECLASS/ELIM. NEO MB MARBEL RECLASS/ELIM. MARBEL
ASSETS ENTRIES CONSOLIDATED OPERATING ENERGY ENTRIES CONSOLIDATED
- ----------------------- --------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
PROPERTY PLANT AND EQUIP. (3,169,393.14) 14,944,834.09 103,308,637.00 - 118,253,471.09
LESS: ACCUM. DEPREC. 3,169,393.14 (3,092,329.57) (68,767,995.00) - (71,860,324.57)
--------------------------------------------------------------------------------------------------
NET PLANT 0.00 11,852,504.52 34,540,642.00 - - 46,393,146.52
CWIP 0.00 878,728.67 - - 878,728.67
--------------------------------------------------------------------------------------------------
TOTAL PLANT 0.00 12,731,233.19 34,540,642.00 - - 47,271,875.19
CURRENT ASSETS:
CASH 0.00 (2,845,333.27) 3,421,703.00 (121,603.86) 454,765.87
SHORT-TERM INVESTMENT 0.00 446,755.04 - - 446,755.04
ACCOUNTS RECEIVABLE 0.00 6,140,196.36 104,231.00 12,103.02 6,256,530.38
INTERCO. RECEIVABLE (6,260,182.52) (4,643,989.24) 402,208.00 (1,215,672.75) 5,457,453.99 -
INTERCO. NOTE RECEIVABLE (90,000.00) 0.00 - - -
INVENTORY 0.00 102,087.43 589,575.00 - 691,662.43
PREPAYMENTS (527,084.21) 1,538,632.54 710.00 79,206.52 1,618,549.06
OTHER (4,444.67) 42,587.73 - - 42,587.73
--------------------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS (6,881,711.40) 780,936.59 4,518,427.00 (1,245,967.07) 5,457,453.99 9,510,850.51
OTHER ASSETS:
INTERCO. NOTE RECEIVABLE (2,321,500.00) 0.00 15,748,530.00 4,375,000.00 (20,123,530.00) -
DEFERRED CHARGES 0.00 138,498.22 - - 138,498.22
DEFERRED TAXES 0.00 424,639.36 - 734,672.00 1,159,311.36
INVESTMENT IN SUBSIDIARIES (5,651,460.38) 0.00 - 41,415,515.00 (41,415,515.00) -
GOODWILL 0.00 0.00 - (441,153.00) 4,374,081.00 3,932,928.00
PREPAYMENT AND OTHER 0.00 3,224.92 199,175.00 12,457.31 214,857.23
--------------------------------------------------------------------------------------------------
TOTAL OTHER ASSEST (7,972,960.38) 566,362.50 15,947,705.00 46,096,491.31 (57,164,964.00) 5,445,594.81
--------------------------------------------------------------------------------------------------
TOTAL ASSETS (14,854,671.78) 14,078,532.28 55,006,774.00 44,850,524.24 (51,707,510.01) 62,228,320.51
--------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
MARBEL ENERGY CORPORATION
CONSOLIDATION OF NORTHEAST OHIO NATURAL
GAS CORP., NORTHEAST OHIO GAS MARKETING,
OHIO INTRASTATE GAS TRANSMISSION COMPANY, GAS TRANSPORT, INC., NEO CONSTRUCTION,
MB OPERATING COMPANY AND THE NORTHEAST OHIO OPERATING COMPANIES, INC.
YEAR-TO-DATE 12/31/97
------------------------------------------------------------------------------------------------
SHAREHOLDERS' EQUITY NEO OPERATING NEO NATURAL OHIO INTRA. NEO GAS GAS NEO
AND LIABILITIES COMPANIES GAS CORP. GAS TRANS. MARKETING TRANSPORT CONSTRUCTION
- ----------------------- ------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SHAREHOLDERS' EQUITY:
COMMON STOCK 1,845,930.75 591,000.00 500.00 100.00 145,000.00 500.00
PAID-IN CAPITAL 0.00 2,574,000.00 0.00 0.00 291,192.00 24,500.00
TREASURY STOCK 0.00 0.00 0.00 0.00 0.00 0.00
RETAINED EARNINGS 3,387,084.49 555,249.75 226,545.58 1,271,913.86 (92,663.34) 63,622.53
------------------------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY 5,233,015.24 3,720,249.75 227,045.58 1,272,013.86 343,528.66 88,622.53
LONG-TERM OBLIGATIONS:
PAYABLES 0.00 0.00 0.00 0.00 0.00 0.00
DEBT 4,937,666.42 1,897,500.00 942,696.02 0.00 0.00 229,000.00
CAPITALIZED LEASES 0.00 0.00 0.00 0.00 0.00 0.00
OTHER 0.00 0.00 0.00 0.00 0.00 0.00
------------------------------------------------------------------------------------------------
TOTAL LONG-TERM OBLIGATIONS 4,937,666.42 1,897,500.00 942,696.02 0.00 0.00 229,000.00
CURRENT LIABILITIES:
ACCOUNTS PAYABLE 10,585.97 335,278.21 24,176.73 5,933,693.32 65,450.47 0.00
NOTE PAYABLE 0.00 0.00 0.00 0.00 0.00 0.00
CURRENT PORTION OF LONG-TERM
TRADE PAYABLE 0.00 0.00 0.00 0.00 0.00 0.00
CURRENT PORTION OF LONG-TERM
DEBT 264,000.08 91,135.99 0.00 0.00 0.00 0.00
CURRENT PORTION OF CAPITAL
LEASES 0.00 0.00 0.00 0.00 0.00 0.00
INTERCO. ACCOUNTS PAYABLE 11,776.95 111,383.56 12,724.44 2,628.18 998,973.37 0.00
ACCRUED TAXES AND TAXES PAY. 95.16 1,075,168.08 224,322.67 326,715.80 121,341.20 0.00
ACCRUED LIABILITIES 0.00 64.00 0.00 0.00 (625.20) 0.00
ACCRUED INTEREST AND OTHER 32,829.89 30,746.94 0.00 0.00 0.00 402.77
------------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 319,288.05 1,643,776.78 261,223.84 6,263,037.30 1,185,139.84 402.77
DEFERRED TAXES 54,010.39 16,150.68 177,321.10 2,867.60 59,398.61 59,249.04
------------------------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY
AND LIABILITIES 10,543,980.10 7,277,677.21 1,608,286.54 7,537,918.76 1,588,067.11 377,274.34
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------------------------------
SHAREHOLDERS' EQUITY RECLASS/ELIM. NEO MB MARBEL RECLASS/ELIM. MARBEL
AND LIABILITIES ENTRIES CONSOLIDATED OPERATING ENERGY ENTRIES CONSOLIDATED
- ----------------------- ------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
SHAREHOLDERS' EQUITY:
COMMON STOCK (737,100.00) 1,845,930.75 5,000,000.00 4,029,261.00 (6,845,931.00) 4,029,260.75
PAID-IN CAPITAL (2,889,692.00) 0.00 - - -
TREASURY STOCK 0.00 0.00 (2,257,739.00) (56,000.00) 2,257,739.00 (56,000.00)
RETAINED EARNINGS (2,024,668.38) 3,387,084.49 32,840,277.00 28,563,752.82 (32,452,242.00) 32,338,872.31
------------------------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY (5,651,460.38) 5,233,015.24 35,582,538.00 32,537,013.82 (37,040,434.00) 36,312,133.06
LONG-TERM OBLIGATIONS:
PAYABLES 0.00 0.00 - - - -
DEBT (7,244,196.02) 762,666.42 12,487,219.00 13,000,000.00 (14,667,076.01) 11,582,809.41
CAPITALIZED LEASES 0.00 0.00 - - - -
OTHER 0.00 0.00 - - - -
------------------------------------------------------------------------------------------------
TOTAL LONG-TERM OBLIGATIONS (7,244,196.02) 762,666.42 12,487,219.00 13,000,000.00 (14,667,076.01) 11,582,809.41
CURRENT LIABILITIES:
ACCOUNTS PAYABLE 0.00 6,369,184.70 2,781,692.00 165,906.42 9,316,783.12
NOTE PAYABLE 0.00 0.00 - - -
CURRENT PORTION OF LONG-TERM -
TRADE PAYABLE 0.00 0.00 - - -
CURRENT PORTION OF LONG-TERM -
DEBT (290,000.00) 65,136.07 2,338,669.00 - 2,403,805.07
CURRENT PORTION OF CAPITAL -
LEASES 0.00 0.00 - - -
INTERCO. ACCOUNTS PAYABLE (1,137,486.50) 0.00 - - -
ACCRUED TAXES AND TAXES PAY. (527,084.21) 1,220,558.70 890,709.00 (887,396.00) 1,223,871.70
ACCRUED LIABILITIES 0.00 (561.20) - - (561.20)
ACCRUED INTEREST AND OTHER (4,444.67) 59,534.93 925,947.00 35,000.00 1,020,481.93
------------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES (1,959,015.38) 7,713,853.20 6,937,017.00 (686,489.58) - 13,964,380.62
DEFERRED TAXES 0.00 368,997.42 - - 368,997.42
------------------------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY
AND LIABILITIES (14,854,671.78) 14,078,532.28 55,006,774.00 44,850,524.24 (51,707,510.01) 62,228,320.51
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
</TABLE>
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<PAGE>
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<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 62,228,321
<CURRENT-LIABILITIES> 0
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 0
<SALES> 0
<TOTAL-REVENUES> 100,969,524
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,887,718
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
