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UNITED STATES OF AMERICA
BEFORE THE
SECURITIES AND EXCHANGE COMMISSION
____________________________________________
In the Matter of NINTH
NATIONAL FUEL GAS COMPANY CERTIFICATE
UTILITY CONSTRUCTORS, INC. PURSUANT TO
RULE 24
File No. 70-7367
(Public Utility Holding Company Act of 1935)
____________________________________________
In accordance with the Order of the Securities and Exchange
Commission ("Commission") in this File 70-7367 dated December 6, 1994
(HCAR No. 26181), Utility Constructors, Inc. ("UCI") hereby files, as
Exhibit "A", its balance sheet as of March 31, 1996 and, as Exhibit
"B", its income statement for the six months ended March 31, 1996.
As reported in the Eighth Certificate pursuant to Rule 24,
UCI has discontinued its pipeline construction and auxiliary
construction and maintenance services for associate and non-associate
companies.
UCI's current activities consist only of collecting payments
pursuant to its outstanding deferred payment arrangements and the
winding up of worker's compensation and other claims.
IN WITNESS WHEREOF, the undersigned companies have duly
caused this certificate to be signed this 15th day of May, 1996.
UTILITY CONSTRUCTORS, INC.
By_/s/ David F. Smith___________
David F. Smith, Secretary
\jes\uci\rul24_9.wp
NINTH RULE 24 CERTIFICATE
SEC FILE NO. 70-7367 EXHIBIT "A"
UTILITY CONSTRUCTORS, INC.
BALANCE SHEET AT MARCH 31, 1996
(Unaudited)
ASSETS
Current Assets:
Cash $ 194,306
Note Receivable - Intercompany 1,600,000
Accounts Receivable -
Contracts 344,209
Intercompany 18,238
Miscellaneous 15,000
Allowance for Doubtful Accounts (292,435)
Materials and Supplies 17,494
Prepayments 134,042
----------
2,030,854
----------
Property, Plant and Equipment 655,225
Less: Acc. Depr, Depl & Amort 404,075
----------
251,150
----------
Other Assets:
Trade receivable - Long Term 2,172,823
Other 32,347
----------
2,205,170
----------
$4,487,174
==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts Payable -
Trade $ 21,256
Intercompany --
Dividend Payable 200,000
Note Payable -
Intercompany --
Other 235,517
Income Taxes -
Federal 75,933
State (7,609)
----------
525,096
----------
Other Liabilities:
Accumulated Deferred Income Taxes (522,278)
Def. Credits & Long-Term Liabilities 668,638
----------
146,361
----------
Stockholders' Equity:
Common Stock, No Par Value
Auth, Issued & Outstanding - 1,000 Sh 1,000
Paid-In-Capital 5,358,753
Earnings Reinvested in the Business (1,544,036)
----------
3,815,717
----------
$4,487,174
==========
NINTH RULE 24 CERTIFICATE
SEC FILE NO. 70-7367 EXHIBIT "B"
UTILITY CONSTRUCTORS, INC.
INCOME STATEMENT
(Unaudited)
SIX MONTHS ENDED MARCH 1996
OPERATING REVENUES
Interco Revenue $ --
Outside Revenue 188,824
--------
TOTAL REVENUES 188,824
--------
OPERATING EXPENSES
Cost of Contract Revenue 188,102
General & Administrative Expense 36,426
Depreciation Expense 42,668
Property, Franchise & Other Taxes 9,150
--------
276,346
--------
OPERATING INCOME (LOSS) (87,521)
--------
OTHER INCOME
Interest - Intercompany 36,074
Gain on Sale of Equipment (13,036)
Interest - Other 205,058
--------
228,096
--------
NET INCOME (LOSS) BEFORE INCOME TAXES 140,575
--------
INCOME TAXES
Federal 59,980
State 18,617
Deferred (20,441)
--------
58,156
--------
NET INCOME (LOSS) $ 82,419
========
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