SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
- ---------------------------------------------
In the Matter of :
:
EASTERN UTILITIES ASSOCIATES (EUA) :
EUA ENERGY INVESTMENT CORPORATION :
(EUA ENERGY) :
BOSTON, MA : Certificate of
: Notification
: Pursuant to Rule 24,
: Interim Report
:
(70-7426) :
:
(Public Utility Holding Company Act of 1935):
- ---------------------------------------------
In accordance with the terms and conditions of Rule 24 under
the Public Utility Holding Company Act of 1935, and the Orders of
the Commission dated December 4, 1987 and January 11, 1988 (the
"Orders") authorizing transactions as more fully described in the
Application-Declaration as amended (the "Application"), the undersigned
hereby certify that during the quarter ended March 31, 1994, EUA
and EUA Energy consummated the following transactions:
Quarter Ended Cumulative
3/31/94 to Date
1. Common Stock Issuances $1,000
2. Capital Contribution
3. Interest-Bearing Loans $95,000.00 $4,808,926.62
4. Open Account Advances
Attached hereto as Exhibit 1 are unaudited financial
statements of EUA Energy as of March 31, 1994,
which were prepared in accordance with generally
accepted accounting principles.
Additionally, in accordance with the undertakings
contained in the Application, EUA Energy hereby delivers the
following information:
1. Employees of EUA Service Corporation (Service)
were engaged in the evaluation of potential
projects coming within the scope of the
Application and incurred certain expenses in
connection with such evaluation, EUA Energy
reimbursed Service for the work performed and the
expenses incurred in connection with such evaluations.
2. During the first quarter of 1994 the interest
bearing loans to EUA Energy were increased by
$95,000.00 to fund research and development costs.
Very truly yours,
EASTERN UTILITIES ASSOCIATES
By: Clifford J. Hebert, Jr.
Treasurer
EUA ENERGY INVESTMENT CORPORATION
By: Clifford J. Hebert, Jr.
Treasurer
Dated: March 16, 1994
Page 1 of 2
EUA ENERGY INVESTMENT CORPORATION
CONDENSED BALANCE SHEET
March 31, 1994
(Unaudited)
(in Thousands of Dollars)
ASSETS
Property and Other Investments:
Investment - Subsidiaries $318
Other 0
Total Property and Other Investments 318
Current Assets:
Cash and Temporary Cash Investments 1
Accounts Receivable - Others 165
Prepayments and Other Assets 2
Total Current Assets 168
Other Deferred Debits 105
TOTAL ASSETS $ 591
LIABILITIES
Common Stock and Other Paid-In Capital $ 1
Retained (Loss) Earnings (4,203)
Total Common Equity (4,202)
Total Capitalization $(4,202)
Current Liabilities:
Notes Payable to Parent 4,809
Accounts Payable 113
Accrued Taxes 0
Interest Accrued 638
Miscellaneous Current Liabilities 0
Total Current Liabilities 5,560
Accumulated Deferred Taxes (767)
TOTAL LIABILITIES AND CAPITALIZATION $ 591
EUA ENERGY INVESTMENT CORPORATION
CONDENSED INCOME STATEMENT
For the Twelve Months Ended March 31, 1994
(Unaudited)
(In Thousands of Dollars)
Operating Expenses:
Operation $ 46
Depreciation and Amortization
Taxes - Other 2
Income and Deferred Taxes
Total Operating Expenses 48
Operating Income <48>
Other Income and Deductions 32
Income Before Interest Charges <16>
Interest Charges:
Interest Expense - Associated Companies 43
Other Interest Expense 1
Total Interest Charges 44
Net Income <60>
