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 March 31, 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: June 8, 1995
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
FIRST QUARTER 1995
(1) In the first 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 first
quarter of 1995. On a cumulative basis EUA has invested $4,875,000
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 first quarter 1995.
TRANSCAPACITY L.P.
CONDENSED BALANCE SHEET
March 31, 1995
(Unaudited)
(In Thousands of Dollars)
ASSETS
Fixed Assets:
Property and Equipment, net $488
Organization Costs, net 21
Other Assets 542
Total Fixed Assets 1,051
Current Assets:
Cash and Temporary Cash Investments 140
Accounts Receivable 1
Notes Receivable 0
Other Current Assets 23
Total Current Assets 164
TOTAL ASSETS $1,215
LIABILITIES
Partnership Equity:
Partnership Equity - EUA TransCapacity (403)
Partnership Equity - NCRSCo (367)
Partnership Equity - TransCapacity SC (539)
Total Partnership Equity (1,309)
Long Term Liabilities:
Long term portion of capital lease liability 3
Note Payable to EUA Energy 2,025
Total Long Term Liabilities 2,028
Total Capitalization 719
Current Liabilities:
Accounts Payable 156
Current portion of capital lease liability 9
Notes Payable 55
Accrued Expenses 276
Total Current Liabilities 496
TOTAL LIABILITIES AND EQUITY $1,215
TRANSCAPACITY L.P.
CONDENSED INCOME STATEMENT
For the Quarter Ended and YTD March 31, 1995
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $1 $1
Operating Expenses:
Revenue Related Expenses 0 0
General & Administrative 726 726
Depreciation & Amortization 47 47
Total Operating Expenses 773 773
Operating Income (772) (772)
Other Income and Deductions (14) (14)
Income Before Interest Charges (786) (786)
Interest Charges 63 63
Income After Interest Charges (849) (849)
Pre-tax Net Income ($849) ($849)
TRANSCAPACITY L.P.
STATEMENT OF CASH FLOWS
YTD for the Month Ended March 31, 1995
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($849)
Depreciation & Amortization 47
Change in Assets and Liabilities:
Accounts & Notes Receivable 15
Accounts & Notes Payable 81
Accrued Expenses 153
Other (Net) (8)
Net Operating Activities (561)
Financing Activities:
Equity Contributions 0
Long-term Debt 775
Other (Net) (2)
Net Financing Activities 773
Investing Activities:
Marketable Securities 0
Payments for Affiliate Expenses (16)
Capital Expenditures (164)
Other 0
Net Investing Activities (180)
Cash Provided (Used) $32
(5) Number of transactions processed by TransCapacity L.P. during the
first quarter of 1995 - NONE
Number of transactions processed by TransCapacity L.P. during the
first quarter for customers located in New England - NONE
(6) Number of TransCapacity L.P. customers as of the end of the first
quarter of 1995 - THIRTEEN
Number of TransCapacity L.P. customers as of the end of the first
quarter located in New England - TWO
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