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, 1996 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 19, 1996
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
SECOND QUARTER 1996
(1) In the second quarter of 1996 TransCapacity L.P. was operational and was
actively marketing their Capacity Scout System.
(2) EUA Energy advanced $810,000 in loans to TransCapacity in the second
quarter of 1996. On a cumulative basis EUA has invested $9,190,000 in
TransCapacity.
(3) Services were provided by five (5) EUA Service Corporation staff
personnel in the following ar Marketing, Management, Human Resources and
Taxation.
(4) TransCapacity L.P. Financial Statements for the second quarter 1996.
TRANSCAPACITY LIMITED PARTNERSHIP
CONDENSED BALANCE SHEET
June 30, 1996
(Unaudited)
(In Thousands of Dollars)
ASSETS
Fixed Assets:
Property and equipment, net $389
Organization Costs, net 13
Other Assets 503
Total fixed Assets 905
Current Assets:
Cash and temporary Cash Investments 155
Accounts Receivable 11
Notes Receivable 0
Prepayments and Other Assets 27
Total Current Assets 193
TOTAL ASSETS $1,098
LIABILITIES
Partnership Equity:
Partnership Equity - EUA TransCapacity ($5,373)
Partnership Equity - NCRSCo (367)
Partnership Equity - TransCapacity SC (539)
Total Common Equity (6,279)
Long Term Liabilities:
Long term portion of capital lease liability 4
Notes Payable to EUA Energy 6,340
Total Long Term Liabilities 6,344
Total Capitalization 65
Current Liabilities:
Accounts Payable 21
Current portion of capital lease liability 4
Notes Payable 55
Accrued Expenses 953
Total Current Liabilities 1,033
TOTAL LIABILITIES AND EQUITY $1,098
TRANSCAPACITY LIMITED PARTNERSHIP
CONDENSED INCOME STATEMENT
For the quarter and six months ended June 30, 1996
(Unaudited)
(In Thousands of Dollars)
QUARTER YTD
Operating Revenues $12 $23
Operating Expenses:
Data Acquisition/Comm Expenses 33 157
Research and Development Expenses 113 209
General and Administrative Expenses 530 1,069
Depreciation & Amortization 105 207
Total Operating Expenses 781 1,642
Operating Income (769) (1,619)
Other Income and Deductions (24) (35)
Income Before Interest Charges (793) (1,654)
Interest Charges 185 353
Income After Interest Charges (978) (2,007)
Pre-tax Net Income ($978) ($2,007)
TRANSCAPACITY LIMITED PARTNERSHIP
STATEMENT OF CASH FLOWS
For the Year to date period ended June 30, 1996
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($2,007)
Depreciation & Amortization 207
Change in Assets and Liabilities:
Accounts & Notes Receivable 30
Accounts & Notes Payable (58)
Accrued Expenses 358
Other (Net) 2
Net Operating Activities (1,468)
Financing Activities:
Equity Contributions 0
Long Term Debt 1,665
Other (Net) (4)
Net Financing Activities 1,661
Investing Activities:
Payments for Affiliate Expenses (38)
Capital Expenditures (130)
Net Investing Activities (168)
Cash Provided (Used) $25
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
SECOND QUARTER 1996
(5) Number of transactions processed by TransCapacity L.P. during the second
quarter of 1996. Answer - NONE
Number of transactions processed by TransCapacity L.P. during the second
quarter of 1996 for customers located in New England. Answer - NONE
(6) Number of TransCapacity L.P. customers as of the end of the second
quarter of 1996. Answer - TWENTY
Number of TransCapacity L.P. customers as of the end of the second
quarter of 1996 located in New England. Answer - TWO
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