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 June 30, 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: August 28, 1997
Duke/Louis Dreyfus Energy Services (New England) LLC
Financial Statements through June 30, 1997
Duke/Louis Dreyfus Energy Services (New England) LLC
Balance Sheet
June 30, 1997
(Unaudited)
ASSETS
Current Assets:
Cash $3,558
Trade Accounts Receivable 5,778
Total Current Assets 9,336
Fixed Assets:
Equipment (Net of Acc. Depreciation of $1,543) 31,599
TOTAL ASSETS $40,935
LIABILITIES
Liabilities and Members Equity:
Current Liabilities
Accounts Payable $3,224
Total Current Liabilities 3,224
Other Liabilities:
Due to members 648,245
Total Other Liabilities 648,245
Members' Equity (deficit)
Duke/Louis Dreyfus LLC (427,374)
EUA Energy Services, Inc. (183,160)
Total Members' Equity (deficit) (610,534)
TOTAL LIABILITIES AND MEMBERS' EQUITY $40,935
Duke/Louis Dreyfus Energy Services (New England) LLC
CONDENSED INCOME STATEMENT
For the Quarter and Twelve Months Ended June 30, 1997
(Unaudited)
Twelve
Qtr. Ended Mos. ended
Sales $4,872 $18,226
Less: Cost of Sales 6,826 26,467
Gross Profit (loss) (1,956) (8,241)
Operating Expenses:
General and Administrative Expenses 156,086 588,577
Interest Expenses 2,302 4,214
Total Expenses (Net) 158,388 592,791
Net Income (Loss) ($160,344) ($601,032)
Duke/Louis Dreyfus Energy Services (New England) LLC
STATEMENT OF CASH FLOWS
For the Quarter and Twelve Months Ended June 30, 1997
(Unaudited)
12 Mos.
Qtr. Ended Ended
Operating Activities:
Net Loss ($160,344) ($601,032)
Depreciation 383 1,543
Change in Current Assets and Liabilities 1,135 411
Net cash (used in) operating activities (158,826) (599,078)
Investing Activities:
Purchase of Equipment (855) (33,142)
Financing Activities:
Advances from members 155,239 635,778
Net cash provided from
Financing Activities 155,239 635,778
Net (Decrease) Increase in cash (4,442) 3,558
Cash at Beginning of Period 8,000 0
Cash at March 31, 1997 3,558 3,558
Duke/Louis Dreyfus Energy Services (New England) LLC
SECOND 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):
Marketing and administrative services were provided by approximately
(10) EUASC personnel.
Total EUASC charges for the quarter ended and year to date periods
June 30, 1997 were $83,884 and $213,575, respectively.
All EUASC charges are billed at cost in compliance with Rules 90 and 91
under the Act.
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