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 December 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: February 29, 1996
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
FOURTH QUARTER 1995
(1) In the fourth quarter of 1995 TransCapacity L.P. was operational and
was actively marketing their Capacity Scout System.
(2) EUA Energy advanced $1,000,000 in loans to TransCapacity in the fourth
quarter of 1995. On a cumulative basis EUA has invested $7,525,000 in
TransCapacity.
(3) Services were provided by three (3) EUA Service Corporation staff
personnel in the following areas - Marketing and advertising
(4) TransCapacity L.P. Financial Statements for the fourth quarter 1995.
TRANSCAPACITY LIMITED PARTNERSHIP
CONDENSED BALANCE SHEET
December 31, 1995
(Unaudited)
(In Thousands of Dollars)
ASSETS
Fixed Assets:
Property and equipment, net $430
Organization Costs, net 16
Other Assets 536
Total fixed Assets 982
Current Assets:
Cash and temporary Cash Investments 130
Accounts Receivable 4
Notes Receivable 0
Prepayments and Other Assets 39
Total Current Assets 174
TOTAL ASSETS $1,156
LIABILITIES
Partnership Equity:
Partnership Equity - EUA TransCapacity ($3,366)
Partnership Equity - NCRSCo (367)
Partnership Equity - TransCapacity SC (539)
Total Common Equity (4,272)
Long Term Liabilities:
Long term portion of capital lease liability 6
Notes Payable to EUA Energy 4,675
Total Long Term Liabilities 4,681
Total Capitalization 409
Current Liabilities:
Accounts Payable 87
Current portion of capital lease liability 6
Notes Payable 55
Accrued Expenses 599
Total Current Liabilities 747
TOTAL LIABILITIES AND EQUITY $1,156
TRANSCAPACITY LIMITED PARTNERSHIP
CONDENSED INCOME STATEMENT
For the Quarter Ended and YTD December 31, 1995
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $0 $4
Operating Expenses:
Research and Development Expenses 121 442
General and Administrative Expenses 814 2,543
Depreciation & Amortization 136 304
Total Operating Expenses 1,071 3,289
Operating Income (1,071) (3,285)
Other Income and Deductions (32) (94)
Income Before Interest Charges (1,103) (3,379)
Interest Charges 152 433
Income After Interest Charges (1,255) (3,812)
Pre-tax Net Income ($1,255) ($3,812)
TRANSCAPACITY LIMITED PARTNERSHIP
STATEMENT OF CASH FLOWS
YTD for the Month Ended December 31, 1995
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($3,812)
Depreciation & Amortization 304
Change in Assets and Liabilities:
Accounts & Notes Receivable (4)
Accounts & Notes Payable 40
Accrued Expenses 478
Other (Net) 83
Net Operating Activities (2,911)
Financing Activities:
Equity Contributions 0
Long Term Debt 3,425
Other (Net) (12)
Net Financing Activities 3,413
Investing Activities:
Payments for Affiliate Expenses (100)
Capital Expenditures (380)
Net Investing Activities (480)
Cash Provided (Used) $22
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
FOURTH QUARTER 1995
(5) Number of transactions processed by TransCapacity L.P. during the fourth
quarter of 1995. NONE
Number of transactions processed by TransCapacity L.P. during the fourth
quarter of 1995 for customers located in New England. NONE
(6) Number of TransCapacity L.P. customers as of the end of the fourth
quarter of 1995. TWENTY
Number of TransCapacity L.P. customers as of the end of the fourth
quarter of 1995 located in New England. TWO
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