PAGE 1 OF 9
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
____________________________________________
In the Matter of
NATIONAL FUEL GAS COMPANY NINTH
NATIONAL FUEL GAS DISTRIBUTION CORPORATION CERTIFICATE
NATIONAL FUEL GAS SUPPLY CORPORATION PURSUANT TO
SENECA RESOURCES CORPORATION RULE 24
UTILITY CONSTRUCTORS, INC.
HIGHLAND LAND & MINERALS, INC.
LEIDY HUB, INC.
DATA-TRACK ACCOUNT SERVICES, INC.
NATIONAL FUEL RESOURCES, INC.
HORIZON ENERGY DEVELOPMENT CORPORATION
File No. 70-8297
(Public Utility Holding Company Act of 1935)
____________________________________________
THIS IS TO CERTIFY, pursuant to Rule 24, that certain
transactions proposed by National Fuel Gas Company ("National") and
its subsidiaries, National Fuel Gas Distribution Corporation
("Distribution Corporation"), National Fuel Gas Supply Corporation
("Supply Corporation"), Seneca Resources Corporation ("Seneca"),
Utility Constructors, Inc. ("UCI"), Highland Land & Minerals, Inc.
("Highland"), Leidy Hub, Inc. ("Leidy"), Data-Track Account Services,
Inc. ("Data-Track"), National Fuel Resources, Inc. ("NFR"), and
Horizon Energy Development Corporation ("Horizon") in Form U-1,
Application-Declaration, File No. 70-8297, as amended, have been
carried out in accordance with the terms and conditions, and for the
purposes as represented by said Application-Declaration, and the
Order of the Securities and Exchange Commission ("Commission") (HCAR
No. 35-25964 dated December 29, 1993) with respect thereto. Note
that, on July 1, 1994, Penn-York Energy Corporation ("Penn-York")
merged with Supply Corporation, with Supply Corporation as the
surviving entity (see File No. 70-8135, HCAR No. 35-25811). Because
of certain FERC ratemaking considerations, Supply Corporation found
it necessary to separately account for Penn-York associated
borrowings until the FERC approved of Supply Corporation's tariff
rates that effected the combination of the Supply Corporation and
Penn-York assets.
During the quarter ended December 31, 1995 the following
borrowing transactions occurred:
1. Sales and resales of commercial paper for the quarter
are shown on the attached certificate of Chase
Securities, Inc.
PAGE 2 OF 9
2. National increased its outstanding borrowings by
issuing and selling short-term notes in the following
amounts to Chase Manhattan Bank, N.A., or other banks
or financial institutions as listed in the
Application-Declaration on the dates and at the rates
indicated below. The proceeds from the sales of these
notes were either used by National for its own
corporate purposes or transferred by National to the
System Money Pool to be utilized by National's
subsidiaries. This schedule also reflects renewals at
different rates.
DATE AMOUNT RATE
10/2/95 $14,000,000 6.02%
10/3/95 14,000,000 5.89
10/4/95 15,000,000 5.89
10/4/95 16,800,000 5.83
10/5/95 19,300,000 5.83
10/6/95 18,000,000 5.76
10/10/95 19,100,000 5.89
10/11/95 16,300,000 5.89
10/12/95 14,700,000 5.89
10/13/95 13,700,000 5.82
10/16/95 13,900,000 5.83
10/17/95 26,500,000 5.80
10/18/95 15,100,000 5.80
10/19/95 17,500,000 5.77
10/20/95 10,500,000 5.80
10/20/95 10,000,000 5.92
10/23/95 10,900,000 5.85
10/24/95 7,300,000 5.85
10/25/95 13,300,000 5.98
10/25/95 12,000,000 5.88
10/26/95 19,900,000 5.85
10/27/95 7,600,000 5.82
10/30/95 8,700,000 5.88
10/31/95 15,300,000 6.00
11/1/95 10,000,000 5.86
11/1/95 8,100,000 5.93
11/2/95 6,700,000 5.81
11/3/95 10,000,000 5.85
11/3/95 11,400,000 5.81
11/6/95 10,300,000 5.81
11/7/95 8,500,000 5.81
11/8/95 8,000,000 5.93
11/9/95 5,300,000 5.81
11/10/95 1,800,000 5.81
11/13/95 12,500,000 5.85
11/14/95 12,500,000 5.85
11/15/95 11,200,000 5.99
11/16/95 10,600,000 5.88
PAGE 3 OF 9
11/17/95 9,900,000 5.82
11/20/95 13,600,000 5.81
11/21/95 12,700,000 5.80
11/22/95 20,000,000 5.88
11/22/95 6,500,000 6.00
11/24/95 7,600,000 6.00
11/27/95 16,700,000 5.90
11/28/95 13,500,000 5.75
11/29/95 8,700,000 5.75
11/30/95 24,200,000 5.93
12/1/95 14,500,000 5.75
12/1/95 5,000,000 5.88
12/4/95 10,000,000 5.74
12/4/95 4,400,000 5.75
12/5/95 1,200,000 5.75
12/7/95 4,300,000 5.82
12/8/95 2,600,000 5.75
12/11/95 5,000,000 5.75
12/11/95 5,600,000 5.75
12/12/95 5,300,000 5.75
12/13/95 2,800,000 5.75
12/15/95 12,900,000 5.76
12/18/95 10,000,000 5.90
12/18/95 5,000,000 5.75
12/18/95 10,000,000 5.88
12/18/95 10,000,000 5.84
12/18/95 10,000,000 5.76
12/19/95 1,700,000 5.83
12/20/95 10,000,000 5.72
12/20/95 8,900,000 5.77
12/20/95 10,000,000 5.69
12/21/95 10,800,000 5.83
12/22/95 8,700,000 5.64
12/26/95 12,300,000 5.77
12/26/95 10,000,000 5.73
12/26/95 20,000,000 5.73
12/27/95 9,400,000 5.58
12/28/95 9,700,000 5.52
12/29/95 19,900,000 5.96
12/29/95 900,000 6.05
3. Supply Corporation (non-Penn-York) transferred the
following amounts to the System Money Pool on the dates
and at the rates indicated below. These amounts were
either used to decrease outstanding System borrowings
and/or commercial paper or utilized by National's other
subsidiaries.
DATE AMOUNT RATE
10/2/95 $2,800,000 5.94%
10/16/95 300,000 5.80
PAGE 4 OF 9
10/25/95 900,000 5.80
10/26/95 7,300,000 5.81
10/27/95 2,100,000 5.81
10/30/95 1,500,000 5.80
11/27/95 3,500,000 5.80
11/28/95 5,900,000 5.79
11/29/95 1,500,000 5.79
12/1/95 1,800,000 5.80
12/8/95 100,000 5.84
4. Supply Corporation (non-Penn-York) borrowed the
following amounts from the System Money Pool on the
dates and at the rates indicated below.
DATE AMOUNT RATE
12/15/95 $ 100,000 5.813%
12/18/95 30,000,000 5.817
12/19/95 100,000 5.820
12/20/95 400,000 5.805
12/21/95 300,000 5.807
12/28/95 400,000 5.786
Supply Corporation (Penn-York related) borrowed the
following amounts from the System Money Pool on the
dates and at the rates indicated below.
DATE AMOUNT RATE
10/3/95 $ 100,000 5.808%
10/30/95 300,000 5.832
10/31/95 100,000 5.842
11/1/95 300,000 5.834
11/7/95 100,000 5.826
11/27/95 2,600,000 5.832
11/29/95 200,000 5.821
12/4/95 100,000 5.819
12/8/95 100,000 5.818
12/29/95 100,000 5.809
5. Distribution Corporation transferred the following
amounts to the System Money Pool on the dates and at
the rates indicated below. These amounts were either
used to decrease outstanding System borrowings and/or
commercial paper or utilized by National's other
subsidiaries.
None.
PAGE 5 OF 9
6. Distribution Corporation borrowed the following amounts
from the System Money Pool on the dates and at the
rates indicated below:
DATE AMOUNT RATE
10/5/95 $ 200,000 5.813%
10/10/95 400,000 5.820
10/13/95 9,200,000 5.814
10/16/95 600,000 5.814
10/17/95 500,000 5.812
10/19/95 2,300,000 5.811
10/20/95 2,400,000 5.822
10/25/95 18,300,000 5.839
10/26/95 4,500,000 5.832
10/31/95 3,400,000 5.842
11/1/95 1,000,000 5.834
11/13/95 300,000 5.826
11/20/95 2,700,000 5.823
11/22/95 300,000 5.832
11/24/95 900,000 5.833
11/27/95 10,500,000 5.832
11/28/95 3,800,000 5.820
11/30/95 12,200,000 5.838
12/4/95 100,000 5.819
12/15/95 5,600,000 5.813
12/18/95 14,900,000 5.817
12/20/95 18,400,000 5.805
12/21/95 100,000 5.807
12/26/95 26,000,000 5.795
12/29/95 12,000,000 5.809
7. National transferred the following amounts to the
System Money Pool on the dates and at the rates
indicated below. These amounts were either used to
decrease outstanding System borrowings and/or
commercial paper or utilized by National's other
subsidiaries.
DATE AMOUNT RATE
10/3/95 $300,000 5.87%
11/1/95 800,000 5.81
12/4/95 500,000 5.82
12/8/95 200,000 5.84
12/15/95 200,000 5.85
PAGE 6 OF 9
8. Seneca transferred the following amounts to the System
Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease
outstanding System borrowings and/or commercial paper
or utilized by National's other subsidiaries.
None.
9. Seneca borrowed the following amounts from the System
Money Pool on the dates and at the rates indicated
below:
DATE AMOUNT RATE
10/3/95 $ 100,000 5.808%
10/5/95 500,000 5.813
10/12/95 100,000 5.818
10/13/95 100,000 5.814
10/16/95 1,100,000 5.814
10/19/95 100,000 5.811
10/24/95 300,000 5.826
10/30/95 900,000 5.832
10/31/95 2,000,000 5.842
11/1/95 400,000 5.834
11/3/95 400,000 5.825
11/13/95 1,100,000 5.826
11/14/95 100,000 5.826
11/15/95 200,000 5.834
11/17/95 100,000 5.823
11/20/95 700,000 5.823
11/22/95 500,000 5.832
11/24/95 200,000 5.833
11/30/95 1,600,000 5.838
12/4/95 100,000 5.819
12/6/95 300,000 5.821
12/8/95 500,000 5.818
12/11/95 300,000 5.813
12/13/95 400,000 5.814
12/19/95 100,000 5.820
12/21/95 1,000,000 5.807
12/27/95 100,000 5.789
12/28/95 100,000 5.786
12/29/95 2,800,000 5.809
In accordance with the terms of the Application-
Declaration (Item 5) and the Order of the Commission in
this proceeding dated December 29, 1993 (HCAR
No. 35-25964), attached as Exhibit A is a copy of
Seneca's Income Statement for the Three Months Ended
December 31, 1995 and attached as Exhibit B is a copy
of Seneca's Balance Sheet at December 31, 1995.
PAGE 7 OF 9
10. UCI transferred the following amounts to the System
Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease
outstanding System borrowings and/or commercial paper
or utilized by National's other subsidiaries.
DATE AMOUNT RATE
10/23/95 $ 400,000 5.80%
10/25/95 200,000 5.80
11/22/95 300,000 5.80
11/27/95 200,000 5.80
12/15/95 1,400,000 5.85
12/26/95 300,000 5.78
12/29/95 200,000 5.83
11. UCI borrowed the following amounts from the System
Money Pool on the dates and at the rates indicated
below:
None.
12. Highland transferred the following amounts to the
System Money Pool on the dates and at the rates
indicated below. These amounts were either used to
decrease outstanding System borrowings and/or
commercial paper or utilized by National's other
subsidiaries.
DATE AMOUNT RATE
10/5/95 $ 900,000 5.83%
10/16/95 100,000 5.81
10/25/95 900,000 5.80
10/31/95 400,000 5.81
11/8/95 900,000 5.81
11/16/95 100,000 5.84
11/27/95 900,000 5.80
11/30/95 400,000 5.79
12/8/95 900,000 5.84
12/15/95 100,000 5.85
12/29/95 1,300,000 5.83
13. Highland borrowed the following amounts from the System
Money Pool on the dates and at the rates indicated
below:
None.
PAGE 8 OF 9
14. Leidy transferred the following amounts to the System
Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease
outstanding System borrowings and/or commercial paper
or utilized by National's other subsidiaries.
None.
15. Leidy borrowed the following amounts from the System
Money Pool on the dates and at the rates indicated
below:
DATE AMOUNT RATE
10/26/95 $ 300,000 5.832%
16. Data-Track transferred the following amounts to the
System Money Pool on the dates and at the rates
indicated below. These amounts were either used to
decrease outstanding System borrowings and/or
commercial paper or utilized by National's other
subsidiaries.
DATE AMOUNT RATE
10/3/95 100,000 5.87%
10/5/95 400,000 5.83
11/2/95 100,000 5.81
11/8/95 400,000 5.81
12/7/95 100,000 5.82
12/8/95 400,000 5.84
17. Data-Track borrowed the following amounts from the
System Money Pool on the dates and at the rates
indicated below:
None.
In accordance with the terms of the Application-
Declaration (Item 5) and the Order of the Commission in
this proceeding dated December 29, 1993 (HCAR No.
35-25964), attached as Exhibit C is a copy of
Data-Track's Income Statement for Fiscal 1995, and
attached as Exhibit D is a copy of Data-Track's Balance
Sheet at September 30, 1995. Also attached as Exhibit
E is an analysis of the capital investments made by
Data-Track and the costs of the cost of collection
efforts and related benefits.
PAGE 9 OF 9
18. NFR transferred the following amounts to the System
Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease
outstanding System borrowings and/or commercial paper
or utilized by National's other subsidiaries.
DATE AMOUNT RATE
10/4/95 $ 700,000 5.85%
10/6/95 700,000 5.84
10/12/95 400,000 5.81
10/13/95 2,200,000 5.81
10/19/95 700,000 5.78
11/2/95 300,000 5.81
11/3/95 200,000 5.80
11/6/95 700,000 5.80
11/8/95 100,000 5.81
11/13/95 2,300,000 5.80
11/15/95 300,000 5.80
11/20/95 600,000 5.80
12/5/95 200,000 5.85
12/6/95 300,000 5.82
12/7/95 600,000 5.82
12/12/95 500,000 5.84
12/14/95 1,700,000 5.86
12/15/95 600,000 5.85
12/21/95 100,000 5.78
12/29/95 400,000 5.83
19. NFR borrowed the following amounts from the System
Money Pool on the dates and at the rates indicated
below:
None.
Dated: February 15, 1996 NATIONAL FUEL GAS COMPANY
By:_/s/Gerald T. Wehrlin___________
Gerald T. Wehrlin
Controller
\JES\MONYPOOL\R24-9-95.WP
PAGE 1 OF 2
Chase Securities, Inc.
One Chase Manhattan Plaza
New York, New York 10081
CHASE
February 2, 1996
Ms. Donna Cambas
National Fuel Gas Company
10 Lafayette Square - Room 1500
Buffalo, New York 14203
Dear Ms. Cambas:
This is to advise you that in connection with the distribution of
commercial paper for the National Fuel Gas Company from
October 1, 1995 to December 31, 1995 all sales and resales on your
behalf by Chase Securities, Inc. were made only to those customers
included in the Confidential List retained by the corporation of
National Fuel Gas Company's commercial paper program. The issuance
of National Fuel Gas Company commercial paper and sales thereof
were made in accordance with the provisions of that program. A
summary of all trade activity for the quarter is attached.
Sincerely,
/s/ Anton J. Schubert
Anton J. Schubert
Vice President
PAGE 2 OF 2
Chase Securities, Inc.
One Chase Manhattan Plaza
New York, New York 10081
CHASE February 2, 1996
NATIONAL FUEL GAS COMPANY
Fourth Quarter Performance Report
PAR ISSUE MATURITY
AMOUNT DATE DATE RATE YIELD TERM TYPE
20,000,000 10/13/95 01/22/96 5.84 5.9376 101 Days Discounted
12,000,000 10/16/95 10/17/95 5.80 5.8009 1 Day Discounted
12,000,000 10/18/95 01/12/96 5.83 5.9107 86 Days Discounted
10,000,000 10/20/95 01/19/96 5.85 5.9378 91 Days Discounted
8,000,000 10/24/95 01/31/96 5.85 5.9456 99 Days Discounted
10,000,000 10/27/95 10/30/96 5.78 5.7809 03 Days Discounted
10,000,000 10/30/95 02/05/96 5.85 5.9447 98 Days Discounted
5,000,000 11/10/95 02/20/96 5.77 5.8682 102 Days Discounted
5,000,000 11/17/95 01/31/96 5.80 5.8709 75 Days Discounted
5,000,000 11/17/95 02/27/96 5.75 5.8452 102 Days Discounted
10,000,000 11/27/95 02/23/96 5.75 5.8319 88 Days Discounted
10,000,000 12/04/95 03/11/96 5.73 5.8198 98 Days Discounted
10,000,000 12/19/95 03/25/96 5.75 5.8405 97 Days Discounted
___________
/s/ Anton J. Schubert
Anton J. Schubert, Vice President
SEC FILE NO. 70-8297
RULE 24 - NINTH CERTIFICATE
EXHIBIT A PAGE 1 OF 1
SENECA RESOURCES CORPORATION
INCOME STATEMENT
(Unaudited)
Three Months Ended
DECEMBER 1995
___________________
Operating Revenues $22,972,551
------------
Operating Expenses:
Purchased Gas 182,525
Production Tax 47,435
Lease Operations 2,803,492
Depletion, Depreciation & Amort. 8,649,139
General and Administrative 1,507,882
Other Taxes 277,842
------------
13,468,315
------------
Operating Income 9,504,236
------------
Other Income 8,205
Interest Expense 2,420,837
------------
Net Income Before Income Taxes 7,091,604
------------
Income Taxes:
Federal 1,699,045
State --
Deferred 779,821
------------
2,478,866
------------
Net Income $4,612,738
============
SEC FILE NO. 70-8297
RULE 24 - NINTH CERTIFICATE
EXHIBIT B PAGE 1 OF 2
SENECA RESOURCES CORPORATION
BALANCE SHEET
AT DECEMBER 31, 1995
ASSETS Total
- ------ -------------
Current Assets
Cash $ 319,301
Accounts Receivable-
Intercompany 1,042,144
Other 11,441,369
Allowance for Uncollectible Accounts (122,712)
Notes Receivable-
Associated Company 0
Other 36,300
Production Receivable 0
Materials and Supplies 1,519,195
Prepayments 2,045,757
-------------
Total Current Assets 16,870,260
-------------
Property, Plant and Equipment 543,901,309
Less: Accumulated Depreciation, Depletion
and Amortization (198,834,074)
-------------
Net Property, Plant and Equipment 345,067,235
-------------
Other Assets
Deferred Charges 1,362,056
Notes Receivable 36,300
-------------
Total Other Assets 1,398,356
-------------
Total Assets $363,335,645
=============
SEC FILE NO. 70-8297
RULE 24 - NINTH CERTIFICATE
EXHIBIT B PAGE 2 OF 2
SENECA RESOURCES CORPORATION
BALANCE SHEET
AT DECEMBER 31, 1995
LIABILITIES AND STOCKHOLDERS' EQUITY Total
- ------------------------------------ -------------
Current Liabilities:
Accounts Payable-
Intercompany $ 5,923,849
Other 8,326,486
Notes Payable-Intercompany 65,900,000
Accrued Liabilities 1,119,402
Federal Income Taxes 1,499,332
Other Accrued Taxes (76,248)
-------------
Total Current Liabilities 82,692,821
-------------
Other Liabilities:
Accumulated Deferred Income Taxes 73,467,180
Other Deferred Credits 23,779
-------------
Total Other Liabilities 73,490,959
-------------
Stockholders' Equity:
Common Stock-$5 Par Value
Authorized-100,000 Shares; Issued and
Outstanding-100,000 Shares 500,000
Paid in Capital 104,034,942
Earnings Reinvested in the Business 5,116,923
-------------
109,151,865
Advances from Associated Companies 98,000,000
Long-Term Debt 0
-------------
Total Capitalization 207,151,865
-------------
Total Liabilities and Stockholders Equity $363,335,645
=============
NINTH RULE 24 CERTIFICATE
SEC FILE NO. 70-8297
EXHIBIT C
DATA-TRACK ACCOUNT SERVICES, INC.
INCOME STATEMENT
Twelve Months Ended
SEPTEMBER 1995
_____________
Operating Revenues $412,503
-------------
Operating Expenses:
Operation and Maintenance 382,476
Depletion, Depreciation & Amort. 1,831
Deferred Income Tax (987)
Other Taxes 1,756
-------------
385,136
-------------
Operating Income (Loss) 27,367
-------------
Other Income
Interest Income 23,705
-------------
23,705
-------------
Gross Income (Loss) 51,072
-------------
Other Deductions
Miscellaneous (61)
-------------
(61)
Income Taxes:
Federal 17,862
State 4,167
Deferred (280)
-------------
21,749
-------------
Net Income (Loss) $29,384
============
NINTH RULE 24 CERTIFICATE
SEC FILE NO. 70-8297
EXHIBIT D PAGE 1 OF 2
DATA-TRACK ACCOUNT SERVICES, INC.
BALANCE SHEET
AT SEPTEMBER 30, 1995
ASSETS
- ------
Current Assets:
Cash $119,584
Accounts Receivable-
Intercompany 23,057
Other 0
Allowance for Uncollectible Accounts 0
Notes Receivable-
Intercompany 400,000
Other 0
Materials and Supplies 0
Prepayments 589
Other Current Assets 0
-------------
Total Current Assets 543,220
-------------
Property, Plant and Equipment 110,738
Less: Accumulated Depreciation, Depletion
and Amortization (3,150)
-------------
Net Property, Plant and Equipment 107,588
-------------
Other Assets:
Other Assets 2,843
Deferred Charges 0
Notes Receivable 0
-------------
Total Other Assets 2,843
-------------
Total Assets $653,651
=============
NINTH RULE 24 CERTIFICATE
SEC FILE NO. 70-8297
EXHIBIT D PAGE 2 OF 2
DATA-TRACK ACCOUNT SERVICES, INC.
BALANCE SHEET
AT SEPTEMBER 30, 1995
LIABILITIES AND STOCKHOLDERS' EQUITY
- -------------------------
Current Liabilities:
Accounts Payable-
Intercompany $ 23,418
Other 493
Notes Payable-Intercompany 0
Accrued Liabilities
Federal Income Taxes 18,644
Other Accrued Taxes 3,122
-------------
Total Current Liabilities 45,677
-------------
Other Liabilities:
Accumulated Deferred Income Taxes (821)
Other Deferred Credits (2,882)
-------------
(3,703)
-------------
Total Other Liabilities 41,974
-------------
Stockholders' Equity:
Common Stock-$1 Par Value
Authorized-1000 Shares; Issued and
Outstanding-1000 Shares 1,000
Paid in Capital 499,000
Earnings Reinvested in the Business 111,676
-------------
Total Capitalization 611,676
-------------
Total Liabilities and Stockholders Equity $653,651
=============
SEC FILE NO. 70-8297
NINTH RULE 24 CERTIFICATE
EXHIBIT E (PAGE 1 OF 2)
DATA-TRACK ACCOUNT SERVICES, INC.
Fiscal 1995 Activity Analysis
In fiscal 1995 (Twelve Months ended September 30,
1995), Data-Track Account Services, Inc. ("Data-Track")
continued to undertake collection activities on behalf of System
companies. The work was primarily done for the account of
National Fuel Gas Distribution Corporation ("Distribution"). In
addition to:
1) the activities directed at the collection of
overdue accounts ("Letter Series Activities"), and
2) a customer contact program addressing certain
accounts that have the potential to become
uncollectible, and
3) to contact customers who may be eligible for state
assistance programs,
4) pre-collection contacts for customers whose state
or federal assistance was exhausted, and
5) a customer survey program regarding certain
utility services.
LETTER SERIES ACTIVITY - FISCAL 1995
(Unpaid Final Bills)
Number of Accounts Received from NFGDC 24,868
Value of accounts Received $8,356,841
Average Value of Accounts Received $366
Collection Letters Sent 36,660
Total Operating Costs $45,092
Total Dollars Collected $547,333
Collection Liquidation Percentage 6.5%
If the System had submitted the 24,868 accounts handled
by Data-Track directly to outside collection agencies at the
standard 1/3 contingency fee, the agency fees to collect the
amount recovered would have been $182,444. Data-Track was able
to recover the entire $547,333 at a total cost of $45,092. This
represents a savings to the System of $137,352 in collection
costs during fiscal 1995.
SEC FILE NO. 70-8297
NINTH RULE 24 CERTIFICATE
EXHIBIT E (PAGE 2 OF 2)
EQUIPMENT UPGRADE AT OUTBOUND CALL CENTER
During fiscal 1995, Data-Track initiated a computer
assisted dialing service on behalf of Distribution and undertook
satisfaction surveys of utility customers that had construction
work done on their property (main and/or service replacements)
by outside contractors.
During the fiscal year, $26,322 of new equipment was
capitalized, and increased Data-Track's investment in Property,
Plant and Equipment to $110,738 (gross) at the end of the fiscal
year.
