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 September 30, 1997 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: November 24, 1997
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
THIRD QUARTER 1997
(1) In the third quarter of 1997 TransCapacity L.P. was operational and
was actively marketing their Capacity Scout System.
(2) EUA Energy advanced $665,000 in loans to TransCapacity in the third
quarter of 1997. On a cumulative basis EUA has invested $13,280,000
in TransCapacity.
(3) Services were provided by three (3) EUA Service Corporation staff
personnel in the following are Marketing, Management and Taxation.
(4) TransCapacity L.P. Financial Statements for the third quarter 1997.
TRANSCAPACITY LIMITED PARTNERSHIP
CONDENSED BALANCE SHEET
September 30, 1997
(Unaudited)
(In Thousands of Dollars)
ASSETS
Fixed Assets:
Property and equipment, net $399
Organization Costs, net 4
Other Assets 382
Total fixed Assets 785
Current Assets:
Cash and temporary Cash Investments 156
Accounts Receivable 45
Prepayments and Other Assets 45
Total Current Assets 246
TOTAL ASSETS $1,031
LIABILITIES
Partnership Equity:
Partnership Equity - EUA TransCapacity ($10,688)
Partnership Equity - NCRSCo (367)
Partnership Equity - TransCapacity SC (539)
Total Common Equity (11,594)
Long Term Liabilities:
Notes Payable to EUA Energy 10,430
Total Long Term Liabilities 10,430
Total Capitalization (1,164)
Current Liabilities:
Accounts Payable 32
Current portion of capital lease liability 3
Notes Payable 55
Accrued Expenses 2,105
Total Current Liabilities 2,195
TOTAL LIABILITIES AND EQUITY $1,031
TRANSCAPACITY LIMITED PARTNERSHIP
CONDENSED INCOME STATEMENT
For the Quarter Ended September 30, 1997
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Income $237 $399
Operating Expenses:
Data Acquisition/Comm Expenses 50 147
Research and Development Expenses 115 369
General and Administrative Expenses 603 1,908
Depreciation & Amortization 106 332
Total Operating Expenses 874 2,756
Operating Income (637) (2,357)
Other Income and Deductions (8) (56)
Income Before Interest Charges (645) (2,413)
Interest Charges 265 738
Income After Interest Charges (910) (3,151)
Pre-tax Net Income ($910) ($3,151)
TRANSCAPACITY LIMITED PARTNERSHIP
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)
Depreciation & Amortization 332
Change in Assets and Liabilities:
Accounts & Notes Receivable (37)
Accounts & Notes Payable 6
Accrued Expenses 728
Other (Net) 61
Net Operating Activities (2,061)
Financing Activities:
Long Term Debt 2,370
Other (Net) (3)
Net Financing Activities 2,367
Investing Activities:
Payments for Affiliate Expenses (57)
Capital Expenditures (197)
Net Investing Activities (254)
Cash Provided (Used) $52
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
THIRD QUARTER 1997
(5) Number of transactions processed by TransCapacity L.P. during the
third quarter of 1997.
Answer - 335
Number of transactions processed by TransCapacity L.P. during the
third quarter of 1997 for customers located in New England.
Answer - 55
(6) Number of TransCapacity L.P. customers as of the end of the third
quarter of 1997.
Answer - 15
Number of TransCapacity L.P. customers as of the end of the third
quarter of 1997 located in New England.
Answer - ONE
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