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, 1995 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 21, 1995
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
SECOND QUARTER 1995
(1) In the second quarter of 1995 TransCapacity L.P. was operational
and was actively marketing their Capacity Scout System.
(2) EUA Energy advanced $875,000 in loans to TransCapacity in the second
quarter of 1995. On a cumulative basis EUA has invested $5,750,000
in TransCapacity.
(3) Services were provided by ten (10) EUA Service Corporation staff
personnel in the following areas:
o Marketing/advertising of TransCapacity Scout System
o Software development and communications
o Human resources and employee benefits
(4) TransCapacity L.P. Financial Statements for the second quarter 1995.
TRANSCAPACITY L.P.
CONDENSED BALANCE SHEET
June 30, 1995
(Unaudited)
(In Thousands of Dollars)
ASSETS
Fixed Assets:
Property and Equipment, net $465
Organization Costs, net 19
Other Assets 607
Total Fixed Assets 1,091
Current Assets:
Cash and Temporary Cash Investments 158
Accounts Receivable 4
Notes Receivable 0
Other Current Assets 13
Total Current Assets 175
TOTAL ASSETS $1,266
LIABILITIES
Partnership Equity:
Partnership Equity - EUA TransCapacity ($1,208)
Partnership Equity - NCRSCo (367)
Partnership Equity - TransCapacity SC (539)
Total Partnership Equity (2,114)
Long Term Liabilities:
Long term portion of capital lease liability 1
Note Payable to EUA Energy 2,900
Total Long Term Liabilities 2,901
Total Capitalization 787
Current Liabilities:
Accounts Payable 63
Current portion of capital lease liability 9
Notes Payable 55
Accrued Expenses 352
Total Current Liabilities 479
TOTAL LIABILITIES AND EQUITY $1,266
TRANSCAPACITY L.P.
CONDENSED INCOME STATEMENT
For the Quarter Ended and YTD June 30, 1995
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $3 $4
Operating Expenses:
Research and Development Expenses 100 222
General & Administrative 537 1,142
Depreciation & Amortization 56 104
Total Operating Expenses 693 1,468
Operating Income (690) (1,464)
Other Income and Deductions (22) (35)
Income Before Interest Charges (712) (1,499)
Interest Charges 93 156
Income After Interest Charges (805) (1,655)
Pre-tax Net Income ($805) ($1,655)
TRANSCAPACITY L.P.
STATEMENT OF CASH FLOWS
YTD for the Month Ended June 30, 1995
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($1,655)
Depreciation & Amortization 104
Change in Assets and Liabilities:
Accounts & Notes Receivable 35
Accounts & Notes Payable 7
Accrued Expenses 210
Other (Net) (4)
Net Operating Activities (1,303)
Financing Activities:
Equity Contributions 0
Long-term Debt 1,650
Other (Net) (5)
Net Financing Activities 1,645
Investing Activities:
Marketable Securities 0
Payments for Affiliate Expenses (38)
Capital Expenditures (253)
Other 0
Net Investing Activities (291)
Cash Provided (Used) $51
(5) Number of transactions processed by TransCapacity L.P. during the
second quarter of 1995 - 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 1995 - TWENTY
Number of TransCapacity L.P. customers as of the end of the second
quarter located in New England - TWO
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