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 March 31, 1999 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: May 25, 1999
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
FIRST QUARTER 1999
(1) In the first quarter of 1999 TransCapacity L.P. was operational and
was actively marketing their Capacity Scout System.
(2) EUA Energy advanced $750,000 in loans to TransCapacity in the first
quarter of 1999. On a cumulative basis EUA has invested $18,100,000
in TransCapacity.
(3) Services were provided by three (3) EUA Service Corporation staff
personnel in the following areas: Management and Taxation.
(4) TransCapacity L.P. Financial Statements for the first quarter 1999.
TRANSCAPACITY LIMITED PARTNERSHIP
CONDENSED BALANCE SHEET
March 31, 1999
(Unaudited)
(In Thousands of Dollars)
ASSETS
Fixed Assets:
Property and equipment, net $145
Other Assets 298
Total fixed Assets 443
Current Assets:
Cash and temporary Cash Investments 180
Accounts Receivable 32
Prepayments and Other Assets 40
Total Current Assets 252
TOTAL ASSETS $695
LIABILITIES
Partnership Equity:
Partnership Equity - EUA TransCapacity ($17,641)
Partnership Equity - NCRSCo (367)
Partnership Equity - TransCapacity SC (539)
Total Common Equity (18,547)
Long Term Liabilities:
Notes Payable to EUA Energy 15,250
Total Long Term Liabilities 15,250
Total Capitalization (3,297)
Current Liabilities:
Accounts Payable 12
Notes Payable 55
Accrued Expenses 3,913
Deferred Revenue 12
Total Current Liabilities 3,992
TOTAL LIABILITIES AND EQUITY $695
TRANSCAPACITY LIMITED PARTNERSHIP
CONDENSED INCOME STATEMENT
For the Three Month Period Ended March 31, 1999
(Unaudited)
(In Thousands of Dollars)
QUARTER ENDED YTD
Operating Revenue $117 $117
Operating Expenses:
Data Acquisition/Comm Expenses 53 53
Research and Development Expenses 144 144
General and Administrative Expenses 694 694
Depreciation & Amortization 53 53
Total Operating Expenses 944 944
Operating Income (827) (827)
Other Income and Deductions (5) (5)
Income Before Interest Charges (832) (832)
Interest Charges 322 322
Income After Interest Charges (1,154) (1,154)
Pre-tax Net Income ($1,154) ($1,154)
TRANSCAPACITY LIMITED PARTNERSHIP
STATEMENT OF CASH FLOWS
For the Three Months Ended March 31, 1999
(Unaudited)
(In Thousands of Dollars)
Operating Activities:
Pre-tax Net Income ($1,154)
Depreciation & Amortization 53
Change in Assets and Liabilities:
Accounts & Notes Receivable (43)
Accounts & Notes Payable 2
Accrued Expenses 343
Other (Net) 4
Net Operating Activities (795)
Financing Activities:
Long Term Debt 750
Net Financing Activities 750
Investing Activities:
Payments for Affiliate Expenses (7)
Capital Expenditures (20)
Net Investing Activities (27)
Cash Provided ($72)
EUA ENERGY INVESTMENT CORPORATION
INVESTMENT IN TRANSCAPACITY L.P.
FIRST QUARTER 1999
(5) Number of transactions processed by TransCapacity L.P. during the
first quarter of 1999.
Answer - 1699
Number of transactions processed by TransCapacity L.P. during the
first quarter of 1999 for customers located in New England.
Answer - 18
(6) Number of TransCapacity L.P. customers as of the end of the first
quarter of 1999.
Answer - 15
Number of TransCapacity L.P. customers as of the end of the fourth
quarter of 1999 located in New England.
Answer - ONE
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