FORM U-3A-2 BLUEFIELD GAS COMPANY
FILE NO. 69-153-3
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
Statement By Holding Company Claiming Exemption
Under Rule U-3A-2 From the Provisions of the
Public Utility Holding Company Act of 1935
__________________________________________
Bluefield Gas Company ("Bluefield Gas") 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. In
support of such claim for exemption, the following information is
submitted:
1. Bluefield Gas is a natural gas public utility organized
and existing in good standing under the laws of the State of West
Virginia. Bluefield Gas distributes natural gas to some 4,002
residential, commercial and industrial customers located in the
City of Bluefield, West Virginia and the immediate surrounding
area of Mercer County, West Virginia pursuant to certificates of
convenience and necessity at rates and charges issued and
prescribed by the West Virginia Public Service Commission.
Bluefield Gas owns all of the issued and outstanding voting
securities of Commonwealth Public Service Corporation
("Commonwealth"), a Virginia public service corporation,
providing natural gas service to approximately 841 residential,
commercial and industrial customers in Bluefield, Virginia and
the immediate surrounding area in Tazewell County, Virginia
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pursuant to certificates of convenience and necessity at rates
and charges issued and prescribed by the State Corporation
Commission of Virginia.
2. Bluefield Gas owns a transmission line extending from
Princeton, West Virginia to Bluefield, West Virginia, and a
distribution system within the City of Bluefield, West Virginia,
and the immediate surrounding area of Mercer County, West
Virginia. Natural gas is purchased from various producers and
marketers and transported on Columbia Gas Transmission
Corporation's system to Princeton, West Virginia. It is then
transported on Bluefield Gas' transmission line to Bluefield
where it is distributed at retail to Bluefield Gas customers. A
portion of the gas is sold at the West Virginia-Virginia state
line to Commonwealth for resale, pursuant to tariff on file with
the Federal Energy Regulatory Commission, to its customers in
Bluefield, Virginia and the surrounding area of Tazewell County,
Virginia.
3. The following information for the last calendar year
with respect to Bluefield Gas and Commonwealth is submitted:
(a) Bluefield Gas distributed at retail 809,450 MCF of
gas during the calendar year 1994. Commonwealth distributed
at retail 251,746 MCF of gas during the calendar year 1994.
(b) Neither Bluefield Gas nor Commonwealth
distributed at retail natural gas outside the state of its
incorporation.
(c) Commonwealth did not sell at wholesale natural gas
outside the Commonwealth of Virginia. Bluefield Gas sold
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251,746 MCF of natural gas at wholesale to Commonwealth at
the Virginia-West Virginia state line.
(d) Bluefield Gas purchased 1,142,106 MCF of natural
gas outside the State of West Virginia. Commonwealth
purchased 251,746 MCF of natural gas from Bluefield Gas at
the Virginia-West Virginia state line.
4. (a through e) Not applicable. The Company holds no
interest, directly or indirectly, in an exempt wholesale generator
(EWG) or foreign utility company.
A consolidating statement of income and surplus and a
consolidating balance sheet for Bluefield Gas and Commonwealth
for the 1994 calendar year is attached as Exhibit A and
Exhibit A(1).
The above-named claimant has caused this statement to be
duly executed on its behalf by its authorized officer on this
24th day of February, 1995.
BLUEFIELD GAS COMPANY
By: Frank A. Farmer, Jr.
Its President
(SEAL)
ATTEST:
Roger L. Baumgardner
Secretary
Notices and correspondence regarding this statement should be
addressed to:
Roger L. Baumgardner
Secretary & Treasurer
Bluefield Gas Company
Post Office Box 13007
Roanoke, VA 24030
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<CAPTION>
BLUEFIELD GAS COMPANY EXHIBIT A
CONSOLIDATING INCOME STATEMENT
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1994
BLUEFIELD COMMONWEALTH
GAS PUBLIC
COMPANY SERVICE ELIMINATIONS CONSOLIDATED
_______ _______ ____________ ____________
<S> <C> <C> <C> <C>
OPERATING REVENUE $5,656,472 $1,293,577 ($970,460) $5,979,589
COST OF GAS 4,263,341 952,710 ( 952,710) 4,263,341
__________ __________ __________ __________
OPERATING MARGIN 1,393,131 340,867 (17,750) 1,716,248
OTHER OPERATING EXPENSES:
Other Operations 509,962 145,345 (17,750) 637,557
Maintenance 135,382 65,347 200,729
Taxes-General 340,876 53,858 394,734
Taxes-Income 81,208 11,572 92,780
Depreciation And
Amortization 112,770 39,823 152,593
__________ __________ _________ __________
Total Other Operating
Expenses 1,180,198 315,945 (17,750) 1,478,393
OPERATING EARNINGS 212,933 24,922 -0- 237,855
OTHER INCOME & DEDUCTIONS:
Interest Income 1,144 1,144
Merchandising & Jobbing,Net (447) (447)
Other Deductions (7,053) (3,407) (10,460)
Taxes-Income 1,694 1,158 2,852
__________ __________ _________ __________
Total Other Income &
Deductions (4,662) (2,249) -0- (6,911)
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EXHIBIT A
EARNINGS BEFORE
INTEREST CHARGES 208,271 22,673 -0- 230,944
INTEREST CHARGES:
Long-Term Debt 50,562 50,562
Other Interest 46,116 2,042 48,158
__________ __________ _________ __________
Total Interest Charges 96,678 2,042 -0- 98,720
NET EARNINGS $ 111,593 $ 20,631 $ -0- $ 132,224
__________ __________ ________ __________
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<CAPTION>
BLUEFIELD GAS COMPANY EXHIBIT A(1)
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1994
BLUEFIELD COMMONWEALTH
GAS PUBLIC
COMPANY SERVICE ELIMINATIONS CONSOLIDATED
_______ _______ ____________ ____________
<S> <C> <C> <C> <C>
ASSETS:
UTILITY PLANT:
Utility Plant In Service $3,939,940 $ 930,084 $4,870,024
Accumulated Depreciation 1,637,655 279,784 1,917,439
__________ __________ __________ __________
Utility Plant In
Service, Net 2,302,285 650,300 -0- 2,952,585
Construction Work-In-
Progress 130,261 18,901 149,162
__________ __________ __________ __________
Utility Plant, Net 2,432,546 669,201 -0- 3,101,747
CURRENT ASSETS:
Cash 109,101 1,842 110,943
Accounts Receivable 860,003 (121,843) 738,160
Inventories 971,166 971,166
Deferred Income Taxes 53,510 7,009 60,519
Gas Cost Recoverable From
Customers -0- -0-
Purchased Gas Adjustment (169,501) (14,088) (183,589)
Other 43,550 43,550
__________ __________ __________ __________
Total Current Assets 1,867,829 (127,080) -0- 1,740,749
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EXHIBIT A(1)
OTHER ASSETS:
Unrecovered Purchase Gas
Adjustments
Other 28,092 13,201 (500) 40,793
__________ __________ __________ __________
Total Other Assets 28,092 13,201 (500) 40,793
TOTAL $4,328,467 $ 555,322 ($500) $4,883,289
__________ __________ __________ __________
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<CAPTION>
BLUEFIELD GAS COMPANY EXHIBIT A(1)
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1994
BLUEFIELD COMMONWEALTH
GAS PUBLIC
COMPANY SERVICE ELIMINATIONS CONSOLIDATED
_______ _______ ____________ ____________
<S> <C> <C> <C> <C>
LIABILITIES:
CAPITALIZATION:
Stockholders' Equity:
Common Stock $ 49,704 $ 500 ($500) $ 49,704
Capital In Excess Of
Par Value 220,564 37,241 257,805
Retained Earnings 1,107,973 371,989 1,479,962
__________ __________ __________ __________
Total Stockholders' Equity 1,378,241 409,730 (500) 1,787,471
Long-Term Debt (Less
Current Maturities) 1,300,000 1,300,000
__________ __________ __________ __________
Total Capitalization 2,678,241 409,730 (500) 3,087,471
CURRENT LIABILITIES:
Current Maturities Of
Long-Term Debt 50,000 50,000
Notes Payable 614,000 614,000
Dividends Payable -0-
Accounts Payable 435,987 5,384 441,371
Accrued Income Taxes 213,025 87,054 300,079
Customers' Deposits 59,990 7,780 67,770
Gas Cost Payable to Suppliers -0- -0-
Accrued Expenses 132,253 6,836 139,089
Refunds From Suppliers -
Due Customers 5,029 5,285 10,314
__________ __________ __________ __________
Total Current Liabilities 1,510,284 112,339 -0- 1,622,623
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EXHIBIT A(1)
DEFERRED CREDITS AND
OTHER LIABILITIES:
Deferred Income Taxes 123,962 29,621 153,583
Deferred Investment Tax
Credits 15,980 3,632 19,612
Other Deferred Credits -0-
__________ __________ __________ __________
Total Deferred Credits &
Other Liabilities 139,942 33,253 -0- 173,195
TOTAL $4,328,467 $ 555,322 ($500) $4,883,289
__________ ___________ _________ __________
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EXHIBIT B
BLUEFIELD GAS COMPANY
FINANCIAL DATA SCHEDULE
Item No. Caption Heading
________ _______________
1 Total Assets $4,833,289
2 Total Operating Revenues 5,979,589
3 Net Income 132,224
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EXHIBIT C
NOT APPLICABLE
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<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATING INCOME STATEMENT AND THE CONSOLIDATING BALANCE SHEET OF
BLUEFIELD GAS COMPANY FOR THE YEAR ENDED DECEMBER 31, 1994, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SUBSIDIARY>
<NUMBER> 1
<NAME> COMMONWEALTH PUBLIC SERVICE CORPORATION
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-END> DEC-31-1994
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 4,833,289
<TOTAL-OPERATING-REVENUES> 5,979,589
<NET-INCOME> 132,224
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