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Previous: EASTERN UTILITIES ASSOCIATES, 35-CERT, 1994-05-18 |
Next: EASTERN UTILITIES ASSOCIATES, 424B5, 1994-05-18 |
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 statement of cash flows, the income
statement and the balance sheet of Northeast Energy Management, Inc.
for the quarter ended March 31, 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: May 17, 1994
NORTHEAST ENERGY MANAGEMENT, INC.
BALANCE SHEET
MARCH 31, 1994
($ IN THOUSANDS)
ASSETS
Current assets:
Cash and cash equivalents 418
Customer accounts receivable 450
Prepayments and other current assets 1
Total current assets 869
Property and equipment 8,694
Less: accumulated amortization (1,588)
Net property and equipment 7,106
Other non current assets:
Intangible assets, net 483
Prepaid deferred taxes and other non current asse 6,279
6,762
Total assets 14,737
LIABILITIES
Current liabilities:
Accounts payable - trade 0
- associated companies 6
Accrued taxes 0
Miscellaneous current liabilities 0
Total current liabilities 6
Other non current liabilities:
Deferred credits 1,033
Accumulated deferred income taxes 606
Total other non current liabilities 1,639
Stockholder's equity:
Common stock 1
Paid in capital 12,863
Retainied Earnings 228
Total stockholder's equity 13,092
Total liabilities and equity 14,737
NORTHEAST ENERGY MANAGEMENT, INC.
INCOME STATEMENT
THREE MONTHS ENDED
MARCH 31, 1994
(In thousands)
Operating Revenues $743
Cost of Goods Sold 129
Gross Profit 614
Operating Expenses 190
Income from Operations 424
Other Income 5
Interest Expense:
Interest Debt 38
Other Interest 0
Total Interest Expense 38
Net Income $391
EUA NEMI
STATEMENT OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 1994
(IN THOUSANDS)
Cash flow from operating activities:
Net income $391
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 142
Deferred taxes 653
Deferred revenues (61)
Other - net (177)
Changes in operating assets and liablilties (533)
Net cash provided from operating activities 415
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 0
Net cash provided from financing activities 0
Net increase in cash and cash equivalents 415
Cash and cash equivalents at beginning of year 3
Cash and cash equivalents at end of year $418
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest, net of amounts capitalized $0
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