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 December 31, 1996 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: February 28, 1997
Duke/Louis Dreyfus Energy Services (New England) LLC
Financial Statements through December 31, 1996
Duke/Louis Dreyfus Energy Services (New England) LLC
Balance Sheet
December 31, 1996
(Unaudited)
ASSETS
Assets:
Trade Accounts Receivable $3,652
TOTAL ASSETS $3,652
LIABILITIES
Liabilities and Members Equity:
Current Liabilities
Accounts Payable $7,451
Total Current Liabilities 7,451
Other Liabilities:
Due to members 205,012
Total Other Liabilities 205,012
Members' Equity (deficit)
Duke/Louis Dreyfus LLC (146,168)
EUA Energy Services, Inc. (62,643)
Total Members' Equity (deficit) (208,811)
TOTAL LIABILITIES AND MEMBERS' EQUITY $3,652
Duke/Louis Dreyfus Energy Services (New England) LLC
CONDENSED INCOME STATEMENT
For the Quarter and Year Ended December 31, 1996
(Unaudited)
QUARTER ENDED YTD
Sales $6,594 $7,332
Less: Cost of Sales 9,833 10,737
Gross Profit (loss) ($3,239) (3,405)
Operating Expenses:
General and Administrative Expenses 65,221 205,013
Interest Expenses 318 393
Total Expenses (Net) 65,539 205,406
Net Income (Loss) ($68,778) ($208,811)
Duke/Louis Dreyfus Energy Services (New England) LLC
STATEMENT OF CASH FLOWS
For the Year Ended December 31, 1996
(Unaudited)
Operating Activities:
Net Loss ($208,811)
Change in Current Assets and Liabilities 3,799
Net cash (used in) operating activities (205,012)
Financing Activities:
Advances from members 205,012
Net cash provided from
Financing Activities 205,012
Cash at December 31, 1996 0
Duke/Louis Dreyfus Energy Services (New England) LLC
FOURTH QUARTER 1996
(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 through December 31, 1996.
$134,083
All EUASC charges are billed at cost in compliance with Rules 90 and 91
under the Act.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 0
<OTHER-PROPERTY-AND-INVEST> 0
<TOTAL-CURRENT-ASSETS> 3652
<TOTAL-DEFERRED-CHARGES> 0
<OTHER-ASSETS> 0
<TOTAL-ASSETS> 3652
<COMMON> 0
<CAPITAL-SURPLUS-PAID-IN> 0
<RETAINED-EARNINGS> 0
<TOTAL-COMMON-STOCKHOLDERS-EQ> (208811)
0
0
<LONG-TERM-DEBT-NET> 0
<SHORT-TERM-NOTES> 0
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 0
0
<CAPITAL-LEASE-OBLIGATIONS> 0
<LEASES-CURRENT> 0
<OTHER-ITEMS-CAPITAL-AND-LIAB> 212463
<TOT-CAPITALIZATION-AND-LIAB> 3652
<GROSS-OPERATING-REVENUE> 7332
<INCOME-TAX-EXPENSE> 0
<OTHER-OPERATING-EXPENSES> 215750
<TOTAL-OPERATING-EXPENSES> 215750
<OPERATING-INCOME-LOSS> (208418)
<OTHER-INCOME-NET> 0
<INCOME-BEFORE-INTEREST-EXPEN> (208418)
<TOTAL-INTEREST-EXPENSE> 393
<NET-INCOME> (208811)
0
<EARNINGS-AVAILABLE-FOR-COMM> (208811)
<COMMON-STOCK-DIVIDENDS> 0
<TOTAL-INTEREST-ON-BONDS> 0
<CASH-FLOW-OPERATIONS> (205012)
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
