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):
- ---------------------------------------------
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, 1995.
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 15, 1995
EUA ENERGY INVESTMENT CORPORATION
ENERGY AND ENERGY CONSERVATION RESEARCH
THIRD QUARTER 1995
(1) EUA Energy Investment Corporation Financial Statements for the third
quarter 1995.
EUA ENERGY INVESTMENT CORPORATION
CONDENSED BALANCE SHEET
September 30, 1995
(Unaudited)
(In Thousands of Dollars)
ASSETS
Property and other investments:
Investment - Subsidiaries ($2,244)
Other Assets 1,830
Total fixed Assets (414)
Current Assets:
Cash and temporary Cash Investments 4
Notes Receivable 5,920
Accounts Receivable 1,771
Prepayments and Other Assets 7
Total Current Assets 7,702
TOTAL ASSETS $7,288
LIABILITIES
Common Stock and Other Paid-In Capital $1
Retained (Loss) Earnings (8,422)
Total Common Equity (8,421)
Total Capitalization (8,421)
Current Liabilities:
Notes Payable to Parent 14,861
Accounts Payable 79
Accrued Taxes 0
Accrued Interest 1,433
Other Current Liabilities 0
Total Current Liabilities 16,373
Accumulated Deferred Taxes (664)
TOTAL LIABILITIES AND EQUITY $7,288
EUA ENERGY INVESTMENT CORPORATION
CONDENSED INCOME STATEMENT
For the Quarter Ended and YTD September 30, 1995
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $0 $0
Operating Expenses:
Operation 178 1,784
Depreciation & Amortization 2 4
Taxes - Other 3 12
Income and Deferred Taxes (3) (5)
Total Operating Expenses 180 1,795
Operating Income (180) (1,795)
Other Income and Deductions (387) (690)
Income Before Interest Charges (567) (2,485)
Interest Charges:
Interest Expense - Associated Companies 217 552
Other Interest Expense 1 5
Total Interest Charges 218 557
Net Income ($785) ($3,042)
EUA ENERGY INVESTMENT CORPORATION
STATEMENT OF CASH FLOWS
YTD for the Month Ended September 30, 1995
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($3,042)
Depreciation & Amortization 0
Change in Assets and Liabilities:
Accounts & Notes Receivable (3,491)
Accounts & Notes Payable 6,121
Accrued Expenses 552
Other (Net) (1,837)
Net Operating Activities (1,697)
Financing Activities:
Equity Contributions (375)
Long Term Debt 0
Other (Net) 0
Net Financing Activities (375)
Investing Activities:
Investments in Subsidiaries 2,063
Capital Expenditures 0
Net Investing Activities 2,063
Cash Provided (Used) ($9)
EUA ENERGY INVESTMENT CORPORATION
ENERGY AND ENERGY CONSERVATION RESEARCH
THIRD QUARTER 1995
(2) EUA Energy has not invested in nor become obligated to invest in any
cogeneration or small power production projects.
(3) EUA Energy did not utilize any of its authorized $5 million in R&D
funding in the third quarter of 1995. On a cumulative basis EUA Energy
has utilized $2,743,000 of funding through September 30, 1995.
(4) Services were provided by EUA Service Corporation staff personnel in the
following areas:
a. Financial & Accounting
b. Information Services
c. Treasury
d. Personnel & Employee Benefits
e. Corporate Communications
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