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 June 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: August 11 , 1994
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
SECOND QUARTER 1994
(1) In the second quarter of 1994 TransCapacity L.P. continued to work
on development of the data base and computer software system.
It is anticipated the system will be operational by Sept. 15, 1994.
(2) EUA Energy advanced $150,000 in capital contributions to
TransCapacity L.P. in the second quarter of 1994. On a cumulative
basis EUA Energy has invested $2,000,000 in TransCapacity.
(3) Services were provided by nine (9) EUA Service Corporation staff
personnel in the following areas:
o Attending TransCapacity partnership meetings
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 second quarter 1994.
TRANSCAPACITY L.P.
CONDENSED BALANCE SHEET
June 30, 1994
(Unaudited)
(In Thousands of Dollars)
ASSETS
Fixed Assets:
Property and Equipment, net $373
Organization Costs, net 26
Other Assets 8
Total Fixed Assets 407
Current Assets:
Cash and Temporary Cash Investments (43)
Accounts Receivable 9
Notes Receivable 334
Other Current Assets 3
Total Current Assets 302
TOTAL ASSETS $709
LIABILITIES
Partnership Equity:
Partnership Equity - EUA TransCapacity $1,274
Partnership Equity - NCRSCo (367)
Partnership Equity - TransCapacity SC (539)
Total Partnership Equity 368
Long Term Liabilities:
Long term portion of capital lease liability 10
Total Long Term Liabilities 10
Total Capitalization 378
Current Liabilities:
Accounts Payable 99
Current portion of capital lease liability 9
Notes Payable 55
Accrued Expenses 168
Other Current Liabilities 0
Total Current Liabilities 331
TOTAL LIABILITIES AND EQUITY $709
TRANSCAPACITY L.P.
CONDENSED INCOME STATEMENT
For the Quarter Ended and YTD June 30, 1994
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $53 $113
Operating Expenses:
Revenue Related Expenses 0 0
General & Administrative 706 1,121
Depreciation & Amortization 20 36
Total Operating Expenses 727 1,157
Operating Income (674) (1,044)
Other Income and Deductions 7 12
Income Before Interest Charges (667) (1,032)
Interest Charges 2 4
Income After Interest Charges (669) (1,036)
Pre-tax Net Income ($669) ($1,036)
TRANSCAPACITY L.P.
STATEMENT OF CASH FLOWS
YTD for the Month Ended June 30, 1994
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($1,036)
Depreciation & Amortization 36
Change in Assets and Liabilities:
Accounts & Notes Receivable 33
Accounts & Notes Payable 39
Accrued Expenses 117
Other (Net) (1)
Net Operating Activities (812)
Financing Activities:
Equity Contributions 2,000
Long-term Debt 0
Other (Net) (1,850)
Net Financing Activities 150
Investing Activities:
Marketable Securities 500
Payments for Affiliate Expenses (173)
Capital Expenditures (230)
Other (3)
Net Investing Activities 94
Cash Provided (Used) ($568)
(5) Number of transactions processed by TransCapacity L.P. during the
second quarter of 1994 - NONE.
Number of transactions processed by TransCapacity L.P. during the
second quarter for customers located in New England - NONE.
(6) Number of TransCapacity L.P. customers as of the end of the second
quarter of 1994 - NONE.
Number of TransCapacity L.P. customers as of the end of the second
quarter located in New England - NONE.
