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 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
NORTHEAST ENERGY MANAGEMENT, INC.
BALANCE SHEET
JUNE 30, 1994
($ IN THOUSANDS)
ASSETS
Current assets:
Cash and cash equivalents 280
Customer accounts receivable 841
Prepayments and other current assets 1
Total current assets 1,122
Property and equipment 8,694
Less: accumulated amortization (1,702)
Net property and equipment 6,992
Other non current assets:
Intangible assets, net 458
Prepaid deferred taxes and other non current assets 1,527
1,985
Total assets 10,099
NORTHEAST ENERGY MANAGEMENT, INC.
BALANCE SHEET
JUNE 30, 1994
($ IN THOUSANDS)
LIABILITIES
Current liabilities:
Accounts payable - trade 0
- associated compa 35
Accrued taxes 0
Miscellaneous current liabilities 1,218
Total current liabilities 1,253
Other non current liabilities:
Deferred credits 973
Accumulated deferred income taxes (3,533)
Total other non current liabilities (2,560)
Stockholder's equity:
Common stock 1
Paid in capital 10,845
Retained Earnings 560
Total stockholder's equity 11,406
Total liabilities and equity 10,099
NORTHEAST ENERGY MANAGEMENT, INC.
INCOME STATEMENT
SIX MONTHS ENDED
JUNE 30, 1994
(In thousands)
Operating Revenues $1,498
Cost of Goods Sold 262
Gross Profit 1,236
Operating Expenses 426
Income from Operations 810
Other Income (15)
Interest Expense:
Interest Debt 72
Other Interest 0
Total Interest Expense 72
Net Income $723
EUA NEMI
STATEMENT OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 1994
Cash flow from operating activities:
Net income $723,246
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 301,399
Deferred taxes 713,677
Deferred revenues (121,159)
Other - net (154,589)
Changes in operating assets and liablilties (386,416)
Net cash provided from operating activities 1,076,158
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 (800,000)
Net cash provided from financing activities (800,000)
Net increase in cash and cash equivalents 276,158
Cash and cash equivalents at beginning of year 3,666
Cash and cash equivalents at end of year $279,824
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest, net of amounts capitalized $0
