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 March 31, 1996.
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: May 13, 1996
EUA ENERGY INVESTMENT CORPORATION
ENERGY AND ENERGY CONSERVATION RESEARCH
FIRST QUARTER 1996
(1) EUA Energy Investment Corporation Financial Statements for the first
quarter 1996:
EUA ENERGY INVESTMENT CORPORATION
CONDENSED BALANCE SHEET
March 31, 1996
(Unaudited)
(In Thousands of Dollars)
ASSETS
Property and other investments:
Investment - Subsidiaries ($3,918)
Other Assets 211
Total fixed Assets (3,707)
Current Assets:
Cash and temporary Cash Investments 5
Notes Receivable 11,459
Accounts Receivable 639
Prepayments and Other Assets 2
Total Current Assets 12,105
TOTAL ASSETS $8,398
LIABILITIES
Common Stock and Other Paid-In Capital $1
Retained (Loss) Earnings (9,942)
Total Common Equity (9,941)
Total Capitalization (9,941)
Current Liabilities:
Notes Payable to Parent 17,883
Accounts Payable 52
Accrued Taxes 0
Accrued Interest 1,918
Other Current Liabilities 0
Total Current Liabilities 19,853
Accumulated Deferred Taxes (1,514)
TOTAL LIABILITIES AND EQUITY $8,398
EUA ENERGY INVESTMENT CORPORATION
CONDENSED INCOME STATEMENT
For the Quarter Ended and YTD March 31, 1996
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $0 $0
Operating Expenses:
Operation 143 143
Depreciation & Amortization 1 1
Taxes - Other 8 8
Income and Deferred Taxes (83) (83)
Total Operating Expenses 69 69
Operating Income (69) (69)
Other Income and Deductions (578) (578)
Income Before Interest Charges (647) (647)
Interest Charges:
Interest Expense-Associated Companies 241 241
Other Interest Expense 2 2
Total Interest Charges 243 243
Net Income ($890) ($890)
EUA ENERGY INVESTMENT CORPORATION
STATEMENT OF CASH FLOWS
For the Three Months Ended March 31, 1996
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($890)
Depreciation & Amortization 0
Change in Assets and Liabilities:
Accounts & Notes Receivable (1,745)
Accounts & Notes Payable 1,741
Accrued Expenses 240
Deferred Income Taxes 30
Other (Net) (113)
Net Operating Activities (737)
Financing Activities:
Equity Contributions 0
Long Term Debt 0
Other (Net) 0
Net Financing Activities 0
Investing Activities:
Investments in Subsidiaries 736
Capital Expenditures 0
Net Investing Activities 736
Cash Provided (Used) ($1)
EUA ENERGY INVESTMENT CORPORATION
ENERGY AND ENERGY CONSERVATION RESEARCH
FIRST QUARTER 1996
(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 first quarter of 1996. On a cumulative basis EUA Energy
has utilized $2,743,000 of funding through March 31, 1996.
(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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<PERIOD-END> MAR-31-1996
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