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 December 31, 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: February 29, 1996
EUA ENERGY INVESTMENT CORPORATION
ENERGY AND ENERGY CONSERVATION RESEARCH
FOURTH QUARTER 1995
(1) EUA Energy Investment Corporation Financial Statements for the fourth
quarter 1995.
EUA ENERGY INVESTMENT CORPORATION
CONDENSED BALANCE SHEET
December 31, 1995
(Unaudited)
(In Thousands of Dollars)
ASSETS
Property and other investments:
Investment - Subsidiaries ($3,182)
Other Assets 96
Total fixed Assets (3,086)
Current Assets:
Cash and temporary Cash Investments 6
Notes Receivable 9,990
Accounts Receivable 363
Prepayments and Other Assets 4
Total Current Assets 10,363
TOTAL ASSETS $7,277
LIABILITIES
Common Stock and Other Paid-In Capital $1
Retained (Loss) Earnings (9,052)
Total Common Equity (9,051)
Total Capitalization (9,051)
Current Liabilities:
Notes Payable to Parent 16,144
Accounts Payable 50
Accrued Taxes 0
Accrued Interest 1,678
Other Current Liabilities 0
Total Current Liabilities 17,872
Accumulated Deferred Taxes (1,544)
TOTAL LIABILITIES AND EQUITY $7,277
EUA ENERGY INVESTMENT CORPORATION
CONDENSED INCOME STATEMENT
For the Quarter Ended and YTD December 31, 1995
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $0 $0
Operating Expenses:
Operation (480) 1,304
Depreciation & Amortization 1 5
Taxes - Other 4 16
Income and Deferred Taxes (655) (660)
Total Operating Expenses (1,130) 665
Operating Income 1,130 (665)
Other Income and Deductions (1,514) (2,204)
Income Before Interest Charges (384) (2,869)
Interest Charges:
Interest Expense - Associated Cos. 245 797
Other Interest Expense 1 6
Total Interest Charges 246 803
Net Income ($630) ($3,672)
EUA ENERGY INVESTMENT CORPORATION
STATEMENT OF CASH FLOWS
YTD for the Month Ended December 31, 1995
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($3,672)
Depreciation & Amortization 0
Change in Assets and Liabilities:
Accounts & Notes Receivable (6,153)
Accounts & Notes Payable 7,375
Accrued Expenses 797
Deferred Income Taxes (885)
Other (Net) (95)
Net Operating Activities (2,633)
Financing Activities:
Equity Contributions (375)
Long Term Debt 0
Other (Net) 0
Net Financing Activities (375)
Investing Activities:
Investments in Subsidiaries 3,000
Capital Expenditures 0
Net Investing Activities 3,000
Cash Provided (Used) ($8)
EUA ENERGY INVESTMENT CORPORATION
ENERGY AND ENERGY CONSERVATION RESEARCH
FOURTH 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 fourth quarter of 1995. On a cumulative basis EUA Energy
has utilized $2,743,000 of funding through December 31, 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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