|
|
|
|
|
|
|
|
|
UNITED STATES OF AMERICA
BEFORE THE SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
In the Matter of .
.
Entergy Corporation .
Entergy Enterprises, Inc. .
Entergy Integrated Solutions, Inc. .
(formerly Entergy Systems and Service, Inc. .
and prior thereto Systems and .
Service U.S.A., Inc.) . CERTIFICATE PURSUANT
. TO RULE 24
File No. 70-7947 .
File No. 70-8509 .
.
(Public Utility Holding Company .
Act of 1935) .
Pursuant to Rule 24 promulgated by the Securities and Exchange
Commission (SEC) under the Public Utility Holding Company Act of 1935,
as amended, modified by the application(s)-declaration(s) in the above
referenced files and the related orders dated December 28, 1992 and
July 27, 1995 (collectively, the "Orders"), this is to certify that the
following paragraphs report transactions carried out by Entergy
Integrated Solutions, Inc. (EIS)<FN1> during the three (3) month period
ended March 31, 1997 pursuant to the authorization of the SEC and
provide such other information as is required to be reported in
accordance with the provisions of the Orders.
I. Reporting Re: SASI and SASI Products
As reported in EIS' Rule 24 Certificate for the three (3) month
and twelve (12) month periods ended December 31, 1996, the Exclusive
Distribution Agreement and Manufacturing Agreement, between
EIS and SASI have been terminated and SASI has ceased business
operations. Accordingly, this Rule 24 Certificate, and future Rule 24
Certificates filed on behalf of EIS will no longer report on the
development of SASI's energy efficiency technology and manufacturing
processes, or the use of SASI's products within the Base Region.
II. Summary of Total Assets and Revenues of EIS By Type of Activity
Energy Management Funding of other
& DSM Consulting Contractors
Total Assets* $140,577,935.63
Total Revenues $9,416,608.00
* Excludes assets that are not appropriately allocated to any specific
business activity, but which support EIS's general business operations.
III. Summary of Total Assets and Revenues of EIS By Geographic Region
Base Region U.S. (excluding Base World (excluding
Region) U.S.)
Total Assets** $27,938,980.19 $49,795,081.75
Total Revenues $3,295,812.80 $6,120,795.20
** Excludes assets that are not dedicated to EIS's business activities
in any specific geographic region.
IV. Financial Statements
EIS's unaudited Balance Sheets, as of March 31, 1997 and as of the
reporting date, respectively, and Income Statements for the three month
period ending March 31, 1997, and for the calendar year to date,
respectively, are attached hereto.
IN WITNESS WHEREOF, the undersigned companies have caused this
certificate to be executed this 15th day of August, 1997.
Entergy Corporation
By: /s/ Michael G. Thompson
Michael G. Thompson
Senior Vice President,
General Counsel and Secretary
Entergy Enterprises, Inc.
By: /s/ Michael G. Thompson
Michael G. Thompson
Senior Vice President
Law and Secretary
Entergy Integrated Solutions, Inc.
By: /s/ Michael G. Thompson
Michael G. Thompson
Vice President and Secretary
_______________________________
<FN1> By amendment to its Certificate of Incorporation, Entergy Systems and
Service, Inc. changed its name to "Entergy Integrated Solutions, Inc.",
effective May 7, 1996
Entergy Integrated Solutions Inc.
Statement of Operations
Year-To-Date Ended March 31, 1997
(Unaudited)
Revenue $ 9,416,608.00
Operating Expense 6,844,702.00
------------------
Gross Margin 2,571,906.00
Selling Expense 4,094,105.00
Marketing Expense 115,527.00
Administrative & General Expense 4,038,542.00
Other Expense/Income 2,486,971.00
------------------
Net Operating Profit (Loss) Before Taxes (8,163,239.00)
Income taxes (2,946,957.00)
------------------
Net Profit (Loss) $ (5,216,282.00)
==================
<PAGE>
Entergy Integrated Solutions Inc.
Balance Sheet
March 31, 1997
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 11,870,730.58
Accounts receivable 2,806,201.68
Other current assets 295,037.79
------------------
Total current assets 14,971,970.05
------------------
Investments:
HES service contracts, net 2,493,213.11
------------------
Total investments 2,493,213.11
------------------
Fixed Assets:
Furniture and equipment, net 10,442,842.91
Intangible assets, net 232,875.64
Equipment inventory held for installation 15,294,754.89
Installations in process 10,341,457.90
Installed equipment 62,093,189.25
------------------
Total fixed assets 98,405,120.59
------------------
Deferred Debits:
Miscellaneous deferred debits 9,348,093.88
SASI technology 1,100,000.00
Deferred income taxes 12,046,500.85
Other assets, net 2,213,037.15
------------------
Total deferred debits 24,707,631.88
------------------
TOTAL ASSETS $ 140,577,935.63
==================
<PAGE>
Entergy Integrated Solutions Inc.
Balance Sheet
March 31, 1997
(Unaudited)
LIABILITIES AND CAPITAL
Current & accrued liabilities:
Accounts payable $ 482,917.52
Accrued liabilities 7,462,340.71
Current portion of capital lease obligations 107,298.23
------------------
Total current & accrued liabilities 8,052,556.46
------------------
Long-term liabilities:
Capital lease obligations 51,564.21
Other long-term liabilities 4,727,119.49
------------------
Total long-term liabilities 4,778,683.70
------------------
Deferred Credits:
Service contract revenue 55,343,609.50
------------------
Total deferred credits 55,343,609.50
------------------
Capital:
Common stock, no par value, 50,000 shares authorized,
13,500 shares issued and outstanding 13,500,000.00
Paid in capital 150,000,000.00
Accumulated deficit (91,096,914.03)
------------------
Total capital 72,403,085.97
------------------
Total liabilities and capital $ 140,577,935.63
==================
|
|