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 September 30, 1997.
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: December 9, 1997
EUA ENERGY INVESTMENT CORPORATION
ENERGY AND ENERGY CONSERVATION RESEARCH
THIRD QUARTER 1997
(1) EUA Energy Investment Corporation Financial Statements for
the third quarter 1997.
EUA ENERGY INVESTMENT CORPORATION
CONDENSED BALANCE SHEET
September 30, 1997
(Unaudited)
(In Thousands of Dollars)
ASSETS
Property and other investments:
Investment - Subsidiaries ($4,605)
Other Assets 744
Total fixed Assets (3,861)
Current Assets:
Cash and Temporary Cash Investments 1
Notes Receivable 23,334
Accounts Receivable 567
Prepayments and Other Assets 544
Total Current Assets 24,446
TOTAL ASSETS $20,585
LIABILITIES
Common Stock and Other Paid-In Capital $1
Retained (Loss) Earnings (16,192)
Total Common Equity (16,191)
Total Capitalization (16,191)
Current Liabilities:
Notes Payable to Parent 36,147
Accounts Payable 17
Accrued Interest 1,843
Total Current Liabilities 38,007
Accumulated Deferred Taxes (1,231)
TOTAL LIABILITIES AND EQUITY $20,585
EUA ENERGY INVESTMENT CORPORATION
CONDENSED INCOME STATEMENT
For the Quarter Ended and YTD September 30, 1997
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $0 $0
Operating Expenses:
Operation 71 348
Depreciation & Amortization 5 15
Taxes - Other 2 9
Income and Deferred Taxes (365) (655)
Total Operating Expenses (287) (283)
Operating Income 287 283
Other Income and Deductions (745) (2,029)
Loss Before Interest Charges (458) (1,746)
Interest Charges:
Interest Expense - Associated Companies 520 1,402
Other Interest Expense 1 3
Total Interest Charges 521 1,405
Net Income (Loss) ($979) ($3,151)
EUA ENERGY INVESTMENT CORPORATION
STATEMENT OF CASH FLOWS
For the Nine Months Ended September 30, 1997
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($3,151)
Change in Assets and Liabilities:
Accounts & Notes Receivable (7,249)
Accounts & Notes Payable 7,713
Accrued Expenses 1,402
Other (Net) (777)
Net Cash (Used In) Operating Activities (2,062)
Investing Activities:
Investments in Subsidiaries 2,048
Net Cash Provided From Investing Activities 2,048
Cash Provided (Used) ($14)
EUA ENERGY INVESTMENT CORPORATION
ENERGY AND ENERGY CONSERVATION RESEARCH
THIRD QUARTER 1997
(2) EUA Energy has not invested in or become obligated to invest in any
cogeneration or small power production projects.
(3) EUA Energy did not invest in R&D funding in the third quarter of 1997.
(4) Services were provided by EUA Service Corporation staff personnel in the
following areas:
a. Financial & Accounting
b. Information Services
c. Treasury Services
d. Personnel & Employee Benefits
e. Corporate Communications
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