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) )
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 December 8,
1993 (Release No. 35-25941), hereby certify pursuant to Rule 24 that:
(i) the initial closing of the acquisition of James L. Day Co., Inc.
by merger into EUA Cogenex Corporation, pursuant to which James L. Day
Co., Inc. became the EUA/Day division of EUA Cogenex Corporation, and
(ii) the post-closing purchase price adjustment for the above-
referenced acquisition, all as described in the Application-
Declaration, as amended, and filed in said matter were carried out on
December 20, 1993 and on April 29, 1994, respectively, in accordance
with the terms and conditions of and for the purposes represented by
said Application-Declaration, as amended, and said Order with respect
thereto; and enclosed herewith for filing pursuant to the above-
referenced Order are the the balance sheet, the income statement, and
the statement of cash flows of the EUA/Day division of EUA Cogenex
Corporation for the quarter ended June 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: August 11, 1994
EUA DAY
BALANCE SHEET
JUNE 30, 1994
($ IN THOUSANDS)
ASSETS
Current assets:
Cash and cash equivalents 175
Customer accounts receivable 1,280
Inventory 309
Prepayments and other current assets 0
Total current assets 1,764
Property and equipment 1,507
Less: accumulated amortization (630)
Net property and equipment 877
Other non current assets:
Deferred debits 0
Other 478
478
Total assets 3,119
EUA DAY
BALANCE SHEET
JUNE 30, 1994
($ IN THOUSANDS)
LIABILITIES
Current liabilities:
Accounts payable - other 390
- associated companies 76
Notes payable 1,117
Accrued taxes 0
Miscellaneous current liabilities 202
Total current liabilities 1,785
Other non current liabilities:
Deferred credits 0
Accumulated deferred income taxes 0
Total other non current liabilities 0
Retained Earnings 1,334
Total liabilities and equity 3,119
EUA DAY
INCOME STATEMENT
SIX MONTHS ENDED
JUNE 30, 1994
(In thousands)
Operating Revenues $3,185
Cost of Goods Sold 2,047
Gross Profit 1,138
Operating Expenses 886
Income from Operations 252
Other Income 0
Interest Expense:
Interest Debt 40
Other Interest (1)
Total Interest Expense 39
Net Income $213
EUA DAY
STATEMENT OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 1994
Cash flow from operating activities:
Net income $212,787
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 33,651
Other - net (346,152)
Changes in operating assets and liablilties (30,583)
Net cash used in operating activities (130,297)
Cash flow from investing activities:
Construction expenditures (23,711)
Net cash used in investing activities (23,711)
Cash flow from financing activities:
Net increase in short-term debt 150,000
Net cash provided from financing activities 150,000
Net increase in cash and cash equivalents (4,008)
Cash and cash equivalents at beginning of year 158,740
Cash and cash equivalents at end of year $154,732
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest, net of amounts capitalized $0
