SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
In the matter of )
)
EASTERN UTILITIES ASSOCIATES )
Boston, Massachusetts )
)
EUA ENERGY INVESTMENT CORPORATION ) Certificate of
Lowell, Massachusetts ) Notification
) Pursuant to
) Rule 24
(70-8283) )
)
(Public Utility Holding Company Act of 1935) )
Enclosed herewith for filing by Eastern Utilities Associates and
its wholly-owned subsidiary, EUA Energy Investment Corporation, in
accordance with the Order of the Securities and Exchange Commission
entered in the above matter on January 24, 1994 (Release No. 35-25976)
and pursuant to Rule 24, are the balance sheet, the income statement,
and statement of cash flows for the period ended September 30, 1994 of
TransCapacity Limited Partnership, reflecting the investments to-date
therein by EUA Energy Investment Corporation and by its wholly-owned
subsidiary EUA TransCapacity Inc..
EASTERN UTILITIES ASSOCIATES
By: /s/ Clifford J. Hebert, Jr.
Clifford J. Hebert, Jr.
Treasurer
Dated: November 10, 1994
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
THIRD QUARTER 1994
(1) In the third quarter of 1994 TransCapacity L.P. completed work
on development of the data base and computer software system.
The first system customers will be on-line in October 1995.
(2) EUA Energy advanced $850,000 in capital contributions and $475,000
in loans to TransCapacity in the second quarter of 1994. On a
cumulative basis EUA has invested $3,325,000 in TransCapacity.
(3) Services were provided by eight (8) EUA Service Corporation staff
personnel in the following areas:
o Negotiating outside services contracts on behalf of TransCapacity
o Development of a TransCapacity marketing/advertising plan
o Software development and communications
(4) TransCapacity L.P. Financial Statements for the third quarter 1994.
TRANSCAPACITY L.P.
CONDENSED BALANCE SHEET
September 30, 1994
(Unaudited)
(In Thousands of Dollars)
ASSETS
Fixed Assets:
Property and Equipment, net $585
Organization Costs, net 24
Other Assets 8
Total Fixed Assets 617
Current Assets:
Cash and Temporary Cash Investments 155
Accounts Receivable 11
Notes Receivable 416
Other Current Assets 4
Total Current Assets 586
TOTAL ASSETS $1,203
LIABILITIES
Partnership Equity:
Partnership Equity - EUA TransCapacity $1,472
Partnership Equity - NCRSCo (439)
Partnership Equity - TransCapacity SC (647)
Total Partnership Equity 386
Long Term Liabilities:
Long term portion of capital lease liability 6
Note Payable to EUA Energy 475
Total Long Term Liabilities 481
Total Capitalization 867
Current Liabilities:
Accounts Payable 46
Current portion of capital lease liability 11
Notes Payable 55
Accrued Expenses 224
Total Current Liabilities 335
TOTAL LIABILITIES AND EQUITY $1,203
TRANSCAPACITY L.P.
CONDENSED INCOME STATEMENT
For the Quarter Ended and YTD September 30, 1994
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $51 $164
Operating Expenses:
Revenue Related Expenses 0 0
General & Administrative 844 1,965
Depreciation & Amortization 38 75
Total Operating Expenses 882 2,040
Operating Income (831) (1,876)
Other Income and Deductions 6 18
Income Before Interest Charges (825) (1,858)
Interest Charges 6 10
Income After Interest Charges (832) (1,868)
Pre-tax Net Income ($832) ($1,868)
TRANSCAPACITY L.P.
STATEMENT OF CASH FLOWS
YTD for the Month Ended September 30, 1994
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($1,868)
Depreciation & Amortization 75
Change in Assets and Liabilities:
Accounts & Notes Receivable 31
Accounts & Notes Payable 33
Accrued Expenses 170
Other (Net) (2)
Net Operating Activities (1,562)
Financing Activities:
Equity Contributions 2,850
Long-term Debt 475
Other (Net) (1,850)
Net Financing Activities 1,475
Investing Activities:
Marketable Securities 500
Payments for Affiliate Expenses (251)
Capital Expenditures (528)
Other (2)
Net Investing Activities (282)
Cash Provided (Used) ($369)
(5) Number of transactions processed by TransCapacity L.P. during the
third quarter of 1994 - NONE.
Number of transactions processed by TransCapacity L.P. during the
third quarter for customers located in New England - NONE.
(6) Number of TransCapacity L.P. customers as of the end of the third
quarter of 1994 - NONE.
Number of TransCapacity L.P. customers as of the end of the third
quarter located in New England - NONE.
