:
:
IN THE MATTER OF :
:
ALLEGHENY POWER SYSTEM, INC. et al. :
: CERTIFICATE
File No. 70-8491 : PURSUANT TO RULE 24
: FOR THE YEAR ENDED
(Public Utility Holding : DECEMBER 31, 1995
Company Act of 1935) :
:
:
As of December 31, 1995, AYP Capital, Inc. had made no investments
through Envirotech.
The Balance Sheet and Statement of Income for AYP Capital for the
year ended December 31, 1995 are also included as a part of this filing.
AYP CAPITAL, INC.
By NANCY L. CAMPBELL
Nancy L. Campbell
Vice President & Treasurer
Dated: May 29, 1996
L:\ENVIRO\RULE24.D95
ENVIROTECH, LP
AYP CAPITAL, INC.
BALANCE SHEET
AS OF DECEMBER 31, 1995
CURRENT ASSETS
CASH, FNB OF MARYLAND $ 16,763.77
ACCOUNT RECV, OTHER 9,720.00
ACCOUNT RECV, AFFILIATES 52,240.22
TOTAL CURRENT ASSETS $ 78,723.99
PROPERTY AND EQUIPMENT
NONUTILITY PROPERTY $ 17,232.25
ACCUM DEPREC, NONUTILITY PROP (1,436.00)
TOTAL PROPERTY AND EQUIPMENT $ 15,796.25
OTHER LONG-TERM ASSETS
INVST IN ENVIROTECH, NET $304,001.70
INVST IN LAEEF I, NET 700,174.00
INVST IN APS COGENEX, NET 71,803.60
INVST IN FONDELEC GP, NET 0.00
OTHER DEFERRED CHARGES $275,572.48
TOTAL OTHER ASSETS $1,351,551.78
TOTAL ASSETS $1,446,072.02
CURRENT LIABILITIES
ACCOUNTS PAYABLE, OTHER $ 79.33
ACCOUNTS PAYB, AFFILIATES 179,082.40
TAXES PAYABLE 520.00
OTHER CURRENT LIABILITIES 124.52
TOTAL CURRENT LIABILITIES $ 179,806.25
LONG-TERM LIABILITIES
TOTAL LONG-TERM LIABILITIES $ 0.00
TOTAL LIABILITIES $ 179,806.25
CAPITAL
COMMON STOCK ISSUED * $ 1,000.00
OTHER PAID-IN CAPITAL 1,837,303.34
NET INCOME (572,037.57)
TOTAL CAPITAL $1,266,265.77
TOTAL LIABILITIES & CAPITAL $1,446,072.02
* $10 PAR, 1,000 SHARES AUTHORIZED, 100 SHARES OUTSTANDING
<PAGE>
ENVIROTECH, LP
AYP CAPITAL, INC.
STATEMENT OF INCOME
FOR THE PERIOD ENDING DECEMBER 31, 1995
DESCRIPTION QTR YTD 12MOS
OPERATING REVENUES
SVCS RENDERED TO NONAFFILIATES $ 9,200.00 $ 25,006.27 $ 25,006.27
TOTAL OPERATING REVENUES $ 9,200.00 $ 25,006.27 $ 25,006.27
OPERATING EXPENSES
EXEMPT WHOLESALE GEN $ 0.00 $ 0.00 $ 0.00
FOREIGN UTILITY COMPANIES 0.00 0.00 0.00
FACTORING OF ACCTS RECV 0.00 0.00 0.00
OTHER OPERATIONS 64,920.81 584,733.28 584,733.28
DEPRECIATION EXPENSE 1,436.00 1,436.00 1,436.00
TAXES OTHER THAN INCOME 28.00 554.00 554.00
INCOME TAXES 0.00 0.00 0.00
TOTAL OPERATING EXPENSES $ 66,384.81 $586,723.28 $586,723.28
OPERATING INCOME $(57,184.81) $(561,717.01) $(561,717.01)
OTHER REVENUES & (EXPENSES)
INVESTMENT INCOME $(10,235.00) $(10,235.00) $(10,235.00)
OTHER, NET (64.91) (85.56) (85.56)
TOTAL NONOPERATING ACTIVITY $(10,299.91) $(10,320.56) $(10,320.56)
NET INCOME $(67,484.72) $(572,037.57) $(572,037.57)
