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Previous: NATIONAL CITY BANCORPORATION, 10-Q, 1999-11-15 |
Next: NATIONAL STEEL CORP, 10-Q, 1999-11-15 |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
- ------------------------------------------------
In the Matter of
NATIONAL FUEL GAS COMPANY TWENTY-FOURTH
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 September 30, 1999. The Partnership did not have
any income statement activity during the three months ended September 30, 1999.
Exhibit B is the income statement of Leidy Hub, Inc. for the three and twelve
months ended September 30, 1999, and Exhibit C is the balance sheet for Leidy
Hub, Inc. at September 30, 1999.
IN WITNESS WHEREOF, the undersigned companies have duly caused
this Certificate to be signed this 15th day of November, 1999.
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 September 30, 1999.
(2) Exhibit B - Income Statement of Leidy Hub, Inc. for the Three and
Twelve Months Ended September 30, 1999.
(3) Exhibit C - Balance Sheet of Leidy Hub, Inc. as of September 30, 1999.
EXHIBIT A
---------
ELLISBURG-LEIDY NORTHEAST HUB COMPANY
BALANCE SHEET
(UNAUDITED)
At September 30, 1999
---------------------
CURRENT ASSETS
Cash $ 239,085
PROPERTY & EQUIPMENT 28,812
Less: Reserve for DD&A (28,812)
---------
Net Property, Plant & Equipment -
---------
TOTAL ASSETS $ 239,085
=========
EQUITY
Contributed Capital - Hub Services, Inc. 121,928
Contributed Capital - Leidy Hub, Inc. 117,157
---------
TOTAL EQUITY $ 239,085
=========
EXHIBIT B
---------
LEIDY HUB, INC.
INCOME STATEMENT
(UNAUDITED)
Three Months Ended Twelve Months Ended
September 30, 1999 September 30, 1999
Operating Expenses:
Operation Expense $ 3,672 $ 23,970
Other Taxes 1,000 1,871
-------- ---------
Total Operating Expenses 4,672 25,841
-------- --------
Other Income:
Interest Income 9,495 36,968
Equity Interest in:
Ellisburg-Leidy Northeast
Hub Co. - -
Enerchange - -
-------- --------
9,495 36,968
-------- --------
Other Deductions:
Interest 0 177
-------- --------
Pretax Income 4,823 10,950
-------- --------
Income Taxes - Current (3,253) 2,684
- Deferred 5,692 5,322
-------- --------
2,439 8,006
-------- --------
Net Income $ 2,384 $ 2,944
======== ========
EXHIBIT C
---------
LEIDY HUB, INC.
BALANCE SHEET
(UNAUDITED)
At September 30, 1999
---------------------
ASSETS
Current Assets:
Cash $ 96,186
Notes Receivable - Associated Companies 700,000
Accounts Receivable - Associated Companies 3,168
Prepayments 6,063
----------
Total Current Assets 805,417
----------
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 -
Other Deferred Debits 1,873
----------
Total Other Assets 138,723
----------
Total Assets $ 944,177
==========
LIABILITIES & STOCKHOLDERS EQUITY Capital Stock $1 Par:
Authorized 4,000 shares issued
and outstanding $ 4,000
Paid-in-Capital 1,364,500
Retained Earnings (650,778)
----------
Total Stockholders Equity 717,722
----------
Current & Accrued Liabilities:
Accounts Payable - Assoc. Companies 20,391
Federal Income Taxes Payable 80,328
Other Accruals 4,775
----------
Total Current & Accrued Liabilities 105,494
----------
Accumulated Deferred Income Taxes 120,961
----------
Total Liabilities & Equity $ 944,177
==========
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