SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
In the matter of )
)
EASTERN UTILITIES ASSOCIATES )
Boston, Massachusetts )
)
EUA COGENEX CORPORATION ) Certificate of
Lowell, Massachusetts ) Notification
) Pursuant to
) Rule 24
(70-8255) )
)
(Public Utility Holding Company Act of 1935) )
Enclosed herewith for filing by Eastern Utilities Associates and
its wholly-owned subsidiary, EUA Cogenex Corporation, in accordance
with the Order of the Securities and Exchange Commission entered in
the above matter on January 28, 1994 (Release No. 35-25982) and
pursuant to Rule 24, are the balance sheet, the income statement, and the
statement of cash flows of Northeast Energy Management, Inc.
for the quarter ended September 30, 1994.
EASTERN UTILITIES ASSOCIATES
By: /s/ Clifford J. Hebert, Jr.
Clifford J. Hebert, Jr.
Treasurer
EUA COGENEX CORPORATION
By: /s/ Basil G. Pallone
Basil G. Pallone
Vice President
Dated: November 15, 1994
NORTHEAST ENERGY MANAGEMENT, INC.
BALANCE SHEET
SEPTEMBER 30, 1994
($ IN THOUSANDS)
ASSETS
Current assets:
Cash and cash equivalents 367
Customer accounts receivable 462
Other accounts receivable 228
Prepayments and other current assets 2
Total current assets 1,059
Property and equipment 8,694
Less: accumulated amortization 1,815
Net property and equipment 6,879
Other non current assets:
Intangible assets, net 433
Prepaid deferred taxes and other non current assets 1,486
1,919
Total assets 9,857
LIABILITIES
Current liabilities:
Notes payable - associated companies 617
Accounts payable -associated companies 46
Total current liabilities 663
Other non current liabilities:
Deferred credits 912
Accumulated deferred income taxes (3,472)
Total other non current liabilities (2,560)
Stockholder's equity:
Common stock 1
Paid in capital 10,846
Retained Earnings 907
Total stockholder's equity 11,754
Total liabilities and equity 9,857
NORTHEAST ENERGY MANAGEMENT, INC.
INCOME STATEMENT
NINE MONTHS ENDED
SEPTEMBER 30, 1994
(In thousands)
Operating Revenues $2,252
Cost of Goods Sold 396
Gross Profit 1,856
Operating Expenses 108
Income from Operations 1,748
Other Income & Deductions (36)
Interest Expense:
Interest Debt 86
Total Interest Expense 86
Income before Income Taxes 1,626
Provision for Income Taxes 556
Net Income $1,070
EUA NEMI
STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1994
(IN THOUSANDS)
Cash flow from operating activities:
Net income $1,070
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 555
Deferred taxes 774
Deferred revenues (182)
Other - net (228)
Changes in operating assets and liabilities (225)
Net cash provided from operating activities 1,764
Cash flow from investing activities:
Construction expenditures 0
Net cash used in investing activities 0
Cash flow from financing activities:
Net increase in short-term debt (1,400)
Net cash provided from financing activities (1,400)
Net increase in cash and cash equivalents 364
Cash and cash equivalents at beginning of year 3
Cash and cash equivalents at end of year $367
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest, net of amounts capitalized $0
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