SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
In the matter of )
) Certificate of
EASTERN UTILITIES ASSOCIATES ) Notification
Boston, Massachusetts ) Pursuant to
) Rule 24
(70-8769) )
)
Public Utility Holding Company )
Act of 1935 (the Act) )
Enclosed herewith for filing by Eastern Utilities Associates on behalf of
its wholly-owned subsidiary, EUA Energy Services, Inc., in accordance with
the Orders of the Securities and Exchange Commission entered in the above
matter on October 2, 1996 (Release No. 35-26586), March 14, 1996 (Release No.
35-26493), and May 23, 1996 (Release No. 35-26519), and pursuant to Rule 24,
are the balance sheet, the income statement, and statement of cash flows for
the period ended March 31, 1997 of Duke/Louis Dreyfus Energy Services (New
England) LLC and such other information required to be filed by said orders.
EASTERN UTILITIES ASSOCIATES
By: /s/ Clifford J. Hebert, Jr.
Clifford J. Hebert, Jr.
Treasurer
Dated: May 29, 1997
Duke/Louis Dreyfus Energy Services (New England) LLC
Financial Statements through March 31, 1997
Duke/Louis Dreyfus Energy Services (New England) LLC
Balance Sheet
March 31, 1997
(Unaudited)
ASSETS
Current Assets:
Cash $8,000
Trade Accounts Receivable 5,983
Total Current Assets 13,983
Fixed Assets:
Equipment (Net of Acc. Depreciation of $1,180) 31,127
TOTAL ASSETS $45,110
LIABILITIES
Liabilities and Members Equity:
Current Liabilities
Accounts Payable $2,294
Total Current Liabilities 2,294
Other Liabilities:
Due to members 493,006
Total Other Liabilities 493,006
Members' Equity (deficit)
Duke/Louis Dreyfus LLC (315,133)
EUA Energy Services, Inc. (135,057)
Total Members' Equity (deficit) (450,190)
TOTAL LIABILITIES AND MEMBERS' EQUITY $45,110
Duke/Louis Dreyfus Energy Services (New England) LLC
CONDENSED INCOME STATEMENT
For the Quarter and Year to Date Periods Ended March 31, 1997
(Unaudited)
Qtr. Ended YTD
Sales $6,023 $6,023
Less: Cost of Sales 8,903 8,903
Gross Profit (loss) (2,880) (2,880)
Operating Expenses:
General and Administrative Expenses 227,478 227,478
Interest Expenses 1,519 1,519
Total Expenses (Net) 228,997 228,997
Net Income (Loss) ($231,877) ($231,877)
Duke/Louis Dreyfus Energy Services (New England) LLC
STATEMENT OF CASH FLOWS
For the Quarter and Year to Date Periods Ended March 31, 1997
(Unaudited)
Qtr. Ended YTD
Operating Activities:
Net Loss ($231,877) ($231,877)
Depreciation 1,160 1,160
Change in Current Assets and Liabilities (4,523) (4,523)
Net cash (used in) operating activities (235,240) (235,240)
Investing Activities:
Purchase of Equipment (32,287) (32,287)
Financing Activities:
Advances from members 275,527 275,527
Net cash provided from
Financing Activities 275,527 275,527
Net Increase in cash 8,000 8,000
Cash at December 31, 1996 0 0
Cash at March 31, 1997 8,000 8,000
Duke/Louis Dreyfus Energy Services (New England) LLC
FIRST QUARTER 1997
(ii) Statement of revenues.
All revenues are attributed to brokering electric power.
(iii) Derivative Transactions.
None.
(iv) Types of services provided by EUA Service Corporation (EUASC):
Services were provided by (10) EUASC personnel in the following areas:
Marketing and administrative services
Total EUASC charges for the quarter ended March 31, 1997.
$129,691
All EUASC charges are billed at cost in compliance with Rules 90 and 91
under the Act.
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