SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
- ---------------------------------------------
In the Matter of :
:
EASTERN UTILITIES ASSOCIATES (EUA) :
EUA ENERGY INVESTMENT CORPORATION :
(EUA ENERGY) :
BOSTON, MA : Certificate of
: Notification
: Pursuant to Rule 24,
: Interim Report
:
(70-7426) :
:
(Public Utility Holding Company Act of 1935):
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In accordance with the terms and conditions of Rule 24 under
the Public Utility Holding Company Act of 1935, and the Orders of
the Commission dated December 4, 1987, January 11, 1988, and April 15,
1994, (the "Orders") authorizing transactions as more fully described in
the Application-Declaration as amended (the "Application"), the
undersigned hereby enclose herewith for filing pursuant to the above-
referenced Order are the balance sheet, the income statement, and the
statement of cash flows of EUA Energy Investment Corporation for the
period ended June 30, 1994.
Very truly yours,
EASTERN UTILITIES ASSOCIATES
By: Clifford J. Hebert, Jr.
Treasurer
EUA ENERGY INVESTMENT CORPORATION
By: Clifford J. Hebert, Jr.
Treasurer
Dated: August 11, 1994
EUA ENERGY INVESTMENT CORPORATION
ENERGY AND ENERGY CONSERVATION RESEARCH
SECOND QUARTER 1994
(1) EUA Energy Investment Corporation Financial Statements for the
second quarter 1994.
EUA ENERGY INVESTMENT CORPORATION
CONDENSED BALANCE SHEET
June 30, 1994
(Unaudited)
(In Thousands of Dollars)
ASSETS
Property and Other Investments:
Investment - Subsidiaries ($83)
Other Assets 3
Total Fixed Assets (80)
Current Assets:
Cash and Temporary Cash Investments 1
Notes Receivable 2,260
Accounts Receivable 97
Prepayments and Other Assets 11
Total Current Assets 2,370
TOTAL ASSETS $2,291
LIABILITIES
Common Stock and Other Paid-In Capital $1,309
Retained (Loss) Earnings (4,309)
Total Common Equity (3,000)
Total Capitalization (3,000)
Current Liabilities:
Notes Payable to Parent 5,193
Accounts Payable 65
Accrued Taxes 0
Accrued Interest 692
Other Current Liabilities 0
Total Current Liabilities 5,950
Accumulated Deferred Taxes (659)
TOTAL LIABILITIES AND EQUITY $2,291
::
EUA ENERGY INVESTMENT CORPORATION
CONDENSED INCOME STATEMENT
For the Quarter Ended and YTD June 30, 1994
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $0 $0
Operating Expenses:
Operation 61 107
Depreciation & Amortization 0 1
Taxes - Other 3 4
Income and Deferred Taxes 0 0
Total Operating Expenses 65 112
Operating Income (65) (112)
Other Income and Deductions 14 46
Income Before Interest Charges (51) (67)
Interest Charges:
Interest Expense - Associated Companies 54 97
Other Interest Expense 1 2
Total Interest Charges 55 99
Net Income ($106) ($166)
EUA ENERGY INVESTMENT CORPORATION
STATEMENT OF CASH FLOWS
YTD for the Month Ended June 30, 1994
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($166)
Depreciation & Amortization 0
Change in Assets and Liabilities:
Accounts & Notes Receivable 41
Accounts & Notes Payable 472
Accrued Expenses 97
Other (Net) 4
Net Operating Activities 448
Financing Activities:
Equity Contributions 1,308
Long-term Debt 0
Other (Net) 0
Net Financing Activities 1,308
Investing Activities:
Investments in Subsidiaries 0
Capital Expenditures (1,757)
Other 0
Net Investing Activities (1,757)
Cash Provided (Used) (1)
Net Increase (Decrease) in Cash Temporary Cash Investments 2
Cash and Temporary Cash Investments at End of Period $1
::
EUA ENERGY INVESTMENT CORPORATION
ENERGY AND ENERGY CONSERVATION RESEARCH
SECOND QUARTER 1994
(2) EUA Energy has not invested in nor become obligated to invest in
any cogeneration or small power production projects.
(3) EUA Energy has not utilized any of its authorized $5 million in
R&D funding through June 1994. EUA Energy is evaluating projects
involving new power generating technology and environmental
services.
EUA Energy is negotiating with the RBS Group of Tennessee to
provide $2 million of R&D funding. This funding will allow RBS to
construct a commercially-sized demonstration plant of its biomass
fired combustion turbine power generating technology. The R&D
funding will entitle EUA Energy to a equity position in the final
commercial entity that will manufacture and deliver these
generation systems.
EUA Energy is also evaluating an environmental services pilot
program. The program will evaluate the benefit of providing
environmental audits to residential customers in conjunction with
energy audits. EUA Energy would provide $1.8 million to fund
the pilot program.
(4) Services were provided by EUA Service Corporation staff personnel
in the following areas:
o Financial & Accounting
o Information Services
o Treasury
