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 September 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: November 15, 1995
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
THIRD QUARTER 1995
(1) In the third quarter of 1995 TransCapacity L.P. was operational and was
actively marketing their Capacity Scout System.
(2) EUA Energy advanced $775,000 in loans to TransCapacity in the third
quarter of 1995. On a cumulative basis EUA has invested $6,525,000 in
TransCapacity.
(3) Services were provided by eight (8) EUA Service Corporation staff
personnel in the following areas:
a. Marketing and advertising
b. Software development and communications
c. Human resources and employee benefits
(4) TransCapacity L.P. Financial Statements for the third quarter 1995.
TRANSCAPACITY LIMITED PARTNERSHIP
CONDENSED BALANCE SHEET
September 30, 1995
(Unaudited)
(In Thousands of Dollars)
ASSETS
Fixed Assets:
Property and equipment, net $437
Organization Costs, net 17
Other Assets 614
Total fixed Assets 1,068
Current Assets:
Cash and temporary Cash Investments 155
Accounts Receivable 1
Notes Receivable 0
Prepayments and Other Assets 22
Total Current Assets 178
TOTAL ASSETS $1,246
LIABILITIES
Partnership Equity:
Partnership Equity - EUA TransCapacity ($2,112)
Partnership Equity - NCRSCo (367)
Partnership Equity - TransCapacity SC (539)
Total Common Equity (3,018)
Long Term Liabilities:
Long term portion of capital lease liability 1
Notes Payable to EUA Energy 3,675
Total Long Term Liabilities 3,676
Total Capitalization 658
Current Liabilities:
Accounts Payable 61
Current portion of capital lease liability 5
Notes Payable 55
Accrued Expenses 467
Total Current Liabilities 588
TOTAL LIABILITIES AND EQUITY $1,246
TRANSCAPACITY LIMITED PARTNERSHIP
CONDENSED INCOME STATEMENT
For the Quarter Ended and YTD September 30, 1995
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $0 $4
Operating Expenses:
Research and Development Expenses 100 322
General and Administrative Expenses 587 1,729
Depreciation & Amortization 64 168
Total Operating Expenses 751 2,219
Operating Income (751) (2,215)
Other Income and Deductions (27) (62)
Income Before Interest Charges (778) (2,277)
Interest Charges 125 281
Income After Interest Charges (903) (2,558)
Pre-tax Net Income ($903) ($2,558)
TRANSCAPACITY LIMITED PARTNERSHIP
STATEMENT OF CASH FLOWS
YTD for the Month Ended September 30, 1995
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($2,558)
Depreciation & Amortization 168
Change in Assets and Liabilities:
Accounts & Notes Receivable (1)
Accounts & Notes Payable 21
Accrued Expenses 343
Other (Net) 57
Net Operating Activities (1,970)
Financing Activities:
Equity Contributions 0
Long Term Debt 2,425
Other (Net) (9)
Net Financing Activities 2,416
Investing Activities:
Payments for Affiliate Expenses (67)
Capital Expenditures (332)
Net Investing Activities (399)
Cash Provided (Used) $47
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
THIRD QUARTER 1995
(5) Number of transactions processed by TransCapacity L.P. during the third
quarter of 1995. Answer - NONE
Number of transactions processed by TransCapacity L.P. during the third
quarter of 1995 for customers located in New England. Answer -NONE
(6) Number of TransCapacity L.P. customers as of the end of the third
quarter of 1995. Answer - TWENTY
Number of TransCapacity L.P. customers as of the end of the third
quarter of 1995 located in New England. Answer - TWO
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