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UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
In the Matter of
NATIONAL FUEL GAS COMPANY FIRST
LEIDY HUB, INC. CERTIFICATE
ELLISBURG-LEIDY NORTHEAST HUB COMPANY PURSUANT TO
RULE 24
File No. 70-8417
(Public Utility Holding Company Act of 1935)
In accordance with the terms of the Order dated July 29, 1994 issued to
National Fuel Gas Company ("National") authorizing Leidy Hub, Inc., a
subsidiary of National to enter into a partnership with Hub Services, Inc., a
subsidiary of Natural Gas Clearinghouse (File No. 70-8417, HCAR No. 35-26093),
attached as Exhibit A is an income statement of Ellisburg-Leidy Northeast Hub
Company (the Partnership) for the month of September 1994, the first month of
operation. Also attached as Exhibit B is a balance sheet for the Partnership
at September 30, 1994. Exhibit C is the income statement of Leidy Hub, Inc.
for the month and twelve months ended September 30, 1994, and Exhibit D is the
balance sheet for Leidy Hub, Inc. at September 30, 1994. Exhibits A and B
have not been approved as final by both partners and are subject to change.
Any changes will be reflected in an amended certificate.
IN WITNESS WHEREOF, the undersigned companies have duly caused this
Certificate to be signed this 14th day of November 1994.
LEIDY HUB, INC. AND NATIONAL FUEL GAS
COMPANY
By/s/Gerald T. Wehrlin
Gerald T. Wehrlin, Secretary and
Treasurer, Leidy Hub, Inc.
Controller, National Fuel Gas
Company
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EXHIBIT INDEX
(File No. 70-8417)
(1) Exhibit A - Income Statement of Ellisburg-Leidy Northeast Hub
Company for the Month Ended September 30, 1994.
(2) Exhibit B - Balance Sheet of Ellisburg-Leidy Northeast Hub Company
as of September 30, 1994.
(3) Exhibit C - Income Statement of Leidy Hub, Inc. for One and Twelve
Months Ended September 30, 1994.
(4) Exhibit D - Balance Sheet of Leidy Hub, Inc. as of September 30,
1994
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EXHIBIT A
ELLISBURG-LEIDY NORTHEAST HUB COMPANY
INCOME STATEMENT
UNAUDITED
MONTH ENDED
SEPTEMBER 30, 1994
REVENUES
Gas Sales - Trade $253,909
Gas Sales - Intercompany 347,550
Adjustments - Trade (11,523)
Revenue Cutback 9,818
Total Revenues 599,754
COST OF SALES
Gas Purchases - Trade 590,860
Parking - Intercompany 588
Adjustments - Trade 44
Adjustments - Intercompany (8,920)
Total Cost Of Sales 582,572
Gross Margin 17,182
General & Administrative
Allocation 27,000
Pretax Loss (9,818)
Federal Income Tax Benefit (3,300)
NET LOSS $ (6,518)
Note: This statement has been prepared
by Hub Services, Inc. and has not
been approved as final by both
partners.
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EXHIBIT B
ELLISBURG-LEIDY NORTHEAST HUB COMPANY
BALANCE SHEET
UNAUDITED
At September 30, 1994
CURRENT ASSETS
Cash $ 636,782
A/R - Trade 376,080
Total Current Assets 1,012,862
TOTAL ASSETS $1,012,862
CURRENT LIABILITIES
Gas Purchase Payable $ 629,748
Transportation Payable (730)
Accounts Payable - Other 9,930
A/P - Intercompany 356,832
Accrued Federal Income Taxes (85)
Total Current Liabilities 995,695
NON-CURRENT LIABILITIES
Deferred Revenue 10,471
Total Non-Current Liabilities 10,471
TOTAL LIABILITIES 1,006,166
EQUITY
Contributed Capital -
Retained Earnings 6,696
Total Equity 6,696
TOTAL LIABILITIES & EQUITY $1,012,862
Note: This statement has been prepared by Hub Services, Inc. and
has not been approved as final by both partners.
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EXHIBIT C
LEIDY HUB, INC.
INCOME STATEMENT
UNAUDITED
Month Ended Twelve Months Ended
September 30, 1994 September 30, 1994
Operating Expenses:
Operations Expense $ 29 $ 8,293
Other Taxes 359 5,816
Total Operating Expenses 388 14,109
Other Income:
Interest (1,204) -
Miscellaneous (15,807) 41,083
(17,011) 41,083
Other Deductions:
Interest-Assoc. Companies 2,174 11,571
Pretax Income/(Loss) (19,573) 15,403
Income Taxes - Current (6,851) 5,390
- Deferred 822 822
(6,029) 6,212
Net Income/(Loss) $(13,544) $ 9,191
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EXHIBIT D
LEIDY HUB, INC.
BALANCE SHEET
UNAUDITED
At September 30, 1994
ASSETS
Current Assets:
Cash $ 99,968
Accounts Receivable 5,332
Prepayments 6,062
Total Current Assets 111,362
Property, Plant & Equipment 3,208
Less: Reserve for DDA (3,208)
Property, Plant & Equipment -
Other Assets:
Other Investments 616,999
Other Deferred Debit 49,724
Total Other Assets 666,723
Total Assets $ 778,085
LIABILITIES & STOCKHOLDERS EQUITY
Capital Stock $1 Par:
Authorized 4,000 shares issued
and outstanding $ 4,000
Paid-in-Capital 1,038,500
Retained Earnings (470,826)
Total Stockholders Equity 571,674
Current & Accrued Liabilities:
Notes Payable Assoc. Companies 200,000
Accounts Payable 1,000
Federal Income Taxes Payable 5,414
Other Accrued Taxes (3)
Total Current & Accrued Liabilites 206,411
Total Liabilities & Equity $ 778,085
