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, 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: May 13, 1996
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
FIRST QUARTER 1996
(1) In the first quarter of 1996 TransCapacity L.P. was operational and was
actively marketing their Capacity Scout System.
(2) EUA Energy advanced $855,000 in loans to TransCapacity in the first
quarter of 1996. On a cumulative basis EUA has invested $8,380,000 in
TransCapacity.
(3) Services were provided by three (3) EUA Service Corporation staff
personnel in the following areas: Marketing, management and taxation.
(4) TransCapacity L.P. Financial Statements for the first quarter 1996.
TRANSCAPACITY LIMITED PARTNERSHIP
CONDENSED BALANCE SHEET
March 31, 1996
(Unaudited)
(In Thousands of Dollars)
ASSETS
Fixed Assets:
Property and equipment, net $415
Organization Costs, net 14
Other Assets 522
Total fixed Assets 951
Current Assets:
Cash and temporary Cash Investments 116
Accounts Receivable 15
Notes Receivable 0
Prepayments and Other Assets 41
Total Current Assets 172
TOTAL ASSETS $1,123
LIABILITIES
Partnership Equity:
Partnership Equity - EUA TransCapacity ($4,395)
Partnership Equity - NCRSCo (367)
Partnership Equity - TransCapacity SC (539)
Total Common Equity (5,301)
Long Term Liabilities:
Long term portion of capital lease liability 5
Notes Payable to EUA Energy 5,530
Total Long Term Liabilities 5,535
Total Capitalization 234
Current Liabilities:
Accounts Payable 58
Current portion of capital lease liability 5
Notes Payable 55
Accrued Expenses 771
Total Current Liabilities 889
TOTAL LIABILITIES AND EQUITY $1,123
TRANSCAPACITY LIMITED PARTNERSHIP
CONDENSED INCOME STATEMENT
For the Quarter Ended and YTD March 31, 1996
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $11 $11
Operating Expenses:
Data Acquisition/Comm Expenses 124 124
Research and Development Expenses 96 96
General and Administrative Expenses 538 538
Depreciation & Amortization 102 102
Total Operating Expenses 860 860
Operating Income (849) (849)
Other Income and Deductions (12) (12)
Income Before Interest Charges (861) (861)
Interest Charges 168 168
Income After Interest Charges (1,029) (1,029)
Pre-tax Net Income ($1,029) ($1,029)
TRANSCAPACITY LIMITED PARTNERSHIP
STATEMENT OF CASH FLOWS
For the Three Months Ended March 31, 1996
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($1,029)
Depreciation & Amortization 102
Change in Assets and Liabilities:
Accounts & Notes Receivable (10)
Accounts & Notes Payable (24)
Accrued Expenses 172
Other (Net) 1
Net Operating Activities (788)
Financing Activities:
Equity Contributions 0
Long Term Debt 855
Other (Net) (2)
Net Financing Activities 853
Investing Activities:
Payments for Affiliate Expenses (12)
Capital Expenditures (67)
Net Investing Activities (79)
Cash Provided (Used) ($14)
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
FIRST QUARTER 1996
(5) Number of transactions processed by TransCapacity L.P. during the first
quarter of 1996.
Answer - NONE
Number of transactions processed by TransCapacity L.P. during the first
quarter of 1996 for customers located in New England. Answer - NONE
(6) Number of TransCapacity L.P. customers as of the end of the first
quarter of 1996. Answer - TWENTY
Number of TransCapacity L.P. customers as of the end of the first
quarter of 1996 located in New England. Answer - TWO
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