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 December 31, 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: February 28, 1995
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
FOURTH QUARTER 1994
(1) In the fourth quarter of 1994 TransCapacity L.P. went on-line with
a pre-commercial version of their Capacity Scout System. The first
pre-commercial customer installations began in October 1994.
(2) EUA Energy advanced $775,000 in loans to TransCapacity in the fourth
quarter of 1994. On a cumulative basis EUA has invested $4,100,000
in TransCapacity.
(3) Services were provided by six (6) 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 fourth quarter 1994.
TRANSCAPACITY L.P.
CONDENSED BALANCE SHEET
December 31, 1994
(Unaudited)
(In Thousands of Dollars)
ASSETS
Fixed Assets:
Property and Equipment, net $940
Organization Costs, net 22
Other Assets 8
Total Fixed Assets 970
Current Assets:
Cash and Temporary Cash Investments 108
Accounts Receivable 0
Notes Receivable 501
Other Current Assets 15
Total Current Assets 624
TOTAL ASSETS $1,594
LIABILITIES
Partnership Equity:
Partnership Equity - EUA TransCapacity $1,210
Partnership Equity - NCRSCo (472)
Partnership Equity - TransCapacity SC (697)
Total Partnership Equity 41
Long Term Liabilities:
Long term portion of capital lease liability 4
Note Payable to EUA Energy 1,250
Total Long Term Liabilities 1,254
Total Capitalization 1,295
Current Liabilities:
Accounts Payable 61
Current portion of capital lease liability 10
Notes Payable 55
Accrued Expenses 173
Total Current Liabilities 299
TOTAL LIABILITIES AND EQUITY $1,594
TRANSCAPACITY L.P.
CONDENSED INCOME STATEMENT
For the Quarter Ended and YTD December 31, 1994
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $55 $219
Operating Expenses:
Revenue Related Expenses 0 0
General & Administrative 331 2,295
Depreciation & Amortization 45 120
Total Operating Expenses 376 2,416
Operating Income (321) (2,196)
Other Income and Deductions 8 27
Income Before Interest Charges (312) (2,170)
Interest Charges 33 44
Income After Interest Charges (345) (2,213)
Pre-tax Net Income ($345) ($2,213)
TRANSCAPACITY L.P.
STATEMENT OF CASH FLOWS
YTD for the Month Ended December 31, 1994
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($2,213)
Depreciation & Amortization 120
Change in Assets and Liabilities:
Accounts & Notes Receivable 42
Accounts & Notes Payable 23
Accrued Expenses 66
Other (Net) (14)
Net Operating Activities (1,977)
Financing Activities:
Equity Contributions 2,850
Long-term Debt 1,250
Other (Net) (1,850)
Net Financing Activities 2,250
Investing Activities:
Marketable Securities 500
Payments for Affiliate Expenses (336)
Capital Expenditures (851)
Other (2)
Net Investing Activities (690)
Cash Provided (Used) ($416)
(5) Number of transactions processed by TransCapacity L.P. during the
fourth quarter of 1994 - NONE
Number of transactions processed by TransCapacity L.P. during the
fourth quarter for customers located in New England - NONE
(6) Number of TransCapacity L.P. customers as of the end of the fourth
quarter of 1994 - EIGHT
Number of TransCapacity L.P. customers as of the end of the fourth
quarter located in New England - ONE
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