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Previous: NATIONAL FUEL GAS CO, 35-CERT, 1998-02-10 |
Next: NATIONAL PATENT DEVELOPMENT CORP, SC 13G, 1998-02-10 |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
- --------------------------------------------
In the Matter of
NATIONAL FUEL GAS COMPANY SEVENTEENTH
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 a balance sheet for Ellisburg-Leidy Northeast Hub Company (the
Partnership) at December 31, 1997. The Partnership did not have any imcome
statement activity during the three months ended December 31, 1997. Exhibit B is
the income statement of Leidy Hub, Inc. for the three and twelve months ended
December 31, 1997, and Exhibit C is the balance sheet for Leidy Hub, Inc. at
December 31, 1997.
IN WITNESS WHEREOF, the undersigned companies have duly caused this
Certificate to be signed this 10th day of February, 1998.
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
<PAGE>
EXHIBIT INDEX
(File No. 70-8417)
(1) Exhibit A - Balance Sheet of Ellisburg-Leidy Northeast Hub Company as
of December 31, 1997.
(2) Exhibit B - Income Statement of Leidy Hub, Inc. for the Three and
Twelve Months Ended December 31, 1997.
(3) Exhibit C - Balance Sheet of Leidy Hub, Inc. as of December 31, 1997.
EXHIBIT A
---------
ELLISBURG-LEIDY NORTHEAST HUB COMPANY
BALANCE SHEET
(UNAUDITED)
At December 31, 1997
--------------------
CURRENT ASSETS
Cash $238,140
Accounts Receivable 945
--------
Total Current Assets 239,085
PROPERTY & EQUIPMENT 28,812
--------
TOTAL ASSETS $267,897
========
EQUITY
Contributed Capital - Hub Services, Inc. 136,334
Contributed Capital - Leidy Hub, Inc. 131,563
--------
TOTAL EQUITY $267,897
========
EXHIBIT B
---------
LEIDY HUB, INC.
INCOME STATEMENT
(UNAUDITED)
Three Months Ended Twelve Months Ended
December 31, 1997 December 31, 1997
------------------ -------------------
Operating Expenses:
Operation Expense $ 7,446 $ 23,520
Other Taxes 1,182 2,851
-------- --------
Total Operating Expenses 8,628 26,371
-------- --------
Other Income:
Equity Interest in:
Ellisburg-Leidy Northeast
Hub Co. - 536
Enerchange - 9
-------- --------
- 545
-------- --------
Other Deductions:
Interest-Assoc. Companies 4,352 16,989
-------- --------
Pretax Loss (12,980) (42,815)
-------- --------
Income Taxes - Current 1,165 (36,274)
- Deferred (470) 25,990
-------- --------
695 (10,284)
-------- --------
Net Loss $(13,675) $(32,531)
======== ========
EXHIBIT C
---------
LEIDY HUB, INC.
BALANCE SHEET
(UNAUDITED)
At December 31, 1997
--------------------
ASSETS
Current Assets:
Cash $ 50,440
Prepayments 6,063
----------
Total Current Assets 56,503
----------
Property, Plant & Equipment 3,208
Less: Reserve for DDA (3,171)
----------
Net Property, Plant & Equipment 37
----------
Other Assets:
Investment in Ellisburg-Leidy
Northeast Hub Co. 136,850
Investment in Enerchange 895,660
Other Deferred Debits 1,873
----------
Total Other Assets 1,034,383
----------
Total Assets $1,090,923
==========
LIABILITIES & STOCKHOLDERS EQUITY Capital Stock $1 Par:
Authorized 4,000 shares issued
and outstanding $ 4,000
Paid-in-Capital 1,364,500
Retained Earnings (750,332)
----------
Total Stockholders Equity 618,168
----------
Current & Accrued Liabilities:
Notes Payable Assoc. Companies 300,000
Accounts Payable - Assoc. Companies 13,924
Federal Income Taxes Payable (64,593)
Other Accruals 1,971
----------
Total Current & Accrued Liabilities 251,302
----------
Accumulated Deferred Income Taxes 221,453
----------
Total Liabilities & Equity $1,090,923
==========
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