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):
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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, January 11, 1988, and April 15,
1994, (the "Orders") authorizing transactions as more fully described in
the Application-Declaration as amended (the "Application"), the
undersigned hereby enclose herewith for filing pursuant to the above-
referenced Order are the balance sheet, the income statement, and the
statement of cash flows of EUA Energy Investment Corporation for the
period ended September 30, 1994.
Very truly yours,
EASTERN UTILITIES ASSOCIATES
By: /s/ Clifford J. Hebert, Jr.
Clifford J. Hebert, Jr.
Treasurer
EUA ENERGY INVESTMENT CORPORATION
By: /s/ Clifford J. Hebert, Jr.
Clifford J. Hebert, Jr.
Treasurer
Dated: November 10, 1994
EUA ENERGY INVESTMENT CORPORATION
ENERGY AND ENERGY CONSERVATION RESEARCH
THIRD QUARTER 1994
(1) EUA Energy Investment Corporation Financial Statements for the
third quarter 1994.
EUA ENERGY INVESTMENT CORPORATION
CONDENSED BALANCE SHEET
September 30, 1994
(Unaudited)
(In Thousands of Dollars)
ASSETS
Property and Other Investments:
Investment - Subsidiaries $152
Other Assets 27
Total Fixed Assets 180
Current Assets:
Cash and Temporary Cash Investments 10
Notes Receivable 2,735
Accounts Receivable 351
Prepayments and Other Assets 8
Total Current Assets 3,105
TOTAL ASSETS $3,285
LIABILITIES
Common Stock and Other Paid-In Capital $703
Retained (Loss) Earnings (4,814)
Total Common Equity (4,112)
Total Capitalization (4,112)
Current Liabilities:
Notes Payable to Parent 7,248
Accounts Payable 41
Accrued Taxes 0
Accrued Interest 767
Other Current Liabilities 0
Total Current Liabilities 8,056
Accumulated Deferred Taxes (659)
TOTAL LIABILITIES AND EQUITY $3,285
EUA ENERGY INVESTMENT CORPORATION
CONDENSED INCOME STATEMENT
For the Quarter Ended and YTD September 30, 1994
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $0 $0
Operating Expenses:
Operation 687 794
Depreciation & Amortization 0 1
Taxes - Other 3 7
Income and Deferred Taxes 0 0
Total Operating Expenses 690 802
Operating Income (690) (802)
Other Income and Deductions 260 306
Income Before Interest Charges (430) (497)
Interest Charges:
Interest Expense - Associated Companies 75 172
Other Interest Expense 1 3
Total Interest Charges 76 175
Net Income ($506) ($671)
EUA ENERGY INVESTMENT CORPORATION
STATEMENT OF CASH FLOWS
YTD for the Month Ended September 30, 1994
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($671)
Depreciation & Amortization 0
Change in Assets and Liabilities:
Accounts & Notes Receivable (688)
Accounts & Notes Payable 2,503
Accrued Expenses 172
Other (Net) (16)
Net Operating Activities 1,300
Financing Activities:
Equity Contributions 702
Long-term Debt 0
Other (Net) 0
Net Financing Activities 702
Investing Activities:
Investments in Subsidiaries 0
Capital Expenditures (1,992)
Other 0
Net Investing Activities (1,992)
Cash Provided (Used) $9
EUA ENERGY INVESTMENT CORPORATION
ENERGY AND ENERGY CONSERVATION RESEARCH
THIRD QUARTER 1994
(2) EUA Energy has not invested in nor become obligated to invest in
any cogeneration or small power production projects.
(3) EUA Energy utilized $625,000 of its authorized $5 million in R&D
funding in the third quarter of 1994. This amount is part of a
$1.8 million committment to fund an environmental services pilot
program. The program will evaluate the benefit of providing
environmental audits to residential customers in conjunction with
energy audits.
EUA Energy is negotiating with the RBS Group of Tennessee to
provide $2 million of R&D funding. This funding will allow RBS to
construct a commercially-sized demonstration plant of its biomass
fired combustion turbine power generating technology. The R&D
funding will entitle EUA Energy to a equity position in the final
commercial entity that will manufacture and deliver these
generation systems.
(4) Services were provided by EUA Service Corporation staff personnel
in the following areas:
o Financial & Accounting
o Information Services
o Treasury
