UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58
For the Quarterly Period Ending March 31, 1999
National Fuel Gas Company
(Name of Registered Holding Company)
10 Lafayette Square
Buffalo, New York 14203
(Name of Principal Executive Officer)
Inquiries concerning this Form U-9C-3 may
be directed to:
James R. Peterson
Assistant Secretary
National Fuel Gas Company
Suite 1500
10 Lafayette Square
Buffalo, New York 14203
(716) 857-7702
<PAGE>
<TABLE>
ITEM 1 - ORGANIZATION CHART
<CAPTION>
Name of Reporting Co. Energy or Gas Date of State of Percentage of Nature of Business
Related Organization Organization Voting Securities
Held
<S> <C> <C> <C> <C> <C>
National Fuel Gas Company Holding 1902 New Jersey Holds all voting The Company is an integrated
securities of National natural gas operation engaged in
Fuel Resources, Inc. owning and holding securities
and the reporting issued by its subsidiaries.
companies except as
indicated below.
Seneca Independence Gas 1996 Delaware 100% Holds a 33 1/3% general partnership
Pipeline Company interest in Independence Pipeline
Company, which was not formed
under Rule 58.
Niagara Independence Holding 1997 Delaware 100% Holds the 25% general partnership
Marketing Company interest in DirectLink indicated
below.
DirectLink Gas Marketing Gas 1997 Delaware 33-1/3% Gas marketing.
Company
Upstate Energy Inc. Gas 1997 New York 100% Gas marketing.
Seneca Resources Corporation Holding 1913 Pennsylvania 100% Listed here because it owns a 100%
interest in HarCor Energy, Inc.
which was acquired pursuant to Rule
58.
HarCor Energy, Inc. Gas 1976 Delaware 100% An oil and gas company which
produces natural gas and higher
gravity oil.
</TABLE>
NARRATIVE DESCRIPTION:
National Fuel Gas Company is not "reporting company" but is included in
this Item 1 because it holds, directly or indirectly, voting securities
issued by reporting companies as indicated above. Similarly, Seneca
Resources Corporation is not a "reporting company" but is included in this
Item 1 because it holds, directly or indirectly, voting securities issued
by a reporting company as indicated above.
During the quarter ended March 31, 1999, the reporting companies engaged
in the following activities:
Seneca Independence Pipeline Company ("SIP") retained its 33 1/3% general
partnership interest in Independence Pipeline Company ("Independence"),
pursuant to approval by the SEC under the PUHCA (see File 70-9117, HCAR
No. 35-26840). SIP's transactions this quarter are described in its
financial statements at Item 6.
Niagara Independence Marketing Company ("NIM") retained its interest in
DirectLink Gas Marketing Company ("DirectLink"). NIM's and DirectLink's
transactions this quarter are described in their financial statements at
Item 6.
Upstate Energy Inc. engaged in gas marketing transactions this quarter.
HarCor engaged in natural gas and higher gravity oil exploration and
production activities this quarter.
<PAGE>
<TABLE>
ITEM 2 - ISSUANCE OF SECURITIES AND CAPITAL CONTRIBUTIONS
<CAPTION>
Company Type of Principal Amount Issue or Cost of Person to Collateral Consideration
Issuing Security of Security Renewal Capital Whom Security Given With Received for
Stock Issued Was Issued Security Each Security
<S> <C> <C> <C> <C> <C> <C> <C>
Seneca Note $ 100,000 Issue N/A National N/A $ 100,000
Independence $1,800,000 Issue Fuel Gas $1,800,000
Pipeline $ 100,000 Issue Company $ 100,000
Company
DirectLink Gas no transactions this quarter
Marketing
Company
Niagara no transactions this quarter
Independence
Marketing
Company
Upstate Note $100,000 Renewed N/A National N/A $ 100,000
Energy $700,000 Renewed Fuel Gas $ 700,000
Company
HarCor no transactions this quarter
Energy, Inc.
</TABLE>
<PAGE>
ITEM 3 -ASSOCIATE TRANSACTIONS
PART 1 - TRANSACTIONS PERFORMED BY REPORTING COMPANY
ON BEHALF OF ASSOCIATE COMPANIES
Reporting Co. Associate Co. Types of Direct Indirect Cost of Total Amount
Rendering Receiving Services Costs Costs Capital Billed
Services Services Rendered Charged Charged
NONE
<TABLE>
PART 2 - TRANSACTIONS PERFORMED BY ASSOCIATE COMPANIES
ON BEHALF OF REPORTING COMPANY
<CAPTION>
Associate Co. Reporting Co. Types of Direct Indirect Cost of Total Amount
Rendering Receiving Services Costs Costs Capital Billed
Services Services Rendered Charged Charged
<S> <C> <C> <C> <C> <C> <C>
National Fuel Seneca Managerial, -0- -0- -0- -0-
Gas Supply Independence financial,
Corporation Pipeline legal, and
Company other similar
services.
Seneca Upstate Managerial, $ 29,023.96 -0- -0- $ 29,023.96
Resources Energy Inc. financial and
Corporation other similar
services.
Seneca HarCor Managerial, $113,896.30 -0- -0- $113,896.30
Resources Energy, Inc. financial, legal
Corporation and other
similar services.
</TABLE>
- -----------------------------------
Upstate Energy Inc. also purchased regulated interstate natural gas
transportation and storage services from its associate, National Fuel Gas Supply
Corporation ("Supply"), pursuant to Supply's FERC gas tariff, but such services
are "exempted transactions" pursuant to Rule 81 under the Public Utility Holding
Company Act (17 CFR Sec. 250.81).
<PAGE>
ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
Investment in Energy Related/Gas Related Companies:
NOTE: All the Reporting Companies are gas-related companies; none are energy-
related companies.
Investments in Gas-Related Companies:
Total Current Aggregate Investment:
Pipeline activities $ 9,301,000
Marketing activities 1,401,000
Exploration and Production Activities 32,537,538
-----------
Total Current Aggregate Investment: $43,239,538***
*** Reflects principal loan balances at 03/31/99 plus money paid for common
stock in previous quarters.
<PAGE>
<TABLE>
ITEM 5 - OTHER INVESTMENTS
<CAPTION>
Major Line of Energy- Other Investment in last Other Investment in This Reason For Difference
Related Business U-9C-3 Report U-9C-3 Report in Other Investment
<S> <C> <C> <C>
NONE
</TABLE>
<PAGE>
<TABLE>
ITEM 6- FINANCIAL STATEMENTS AND EXHIBITS
<CAPTION>
A. FINANCIAL STATEMENTS:
<S> <C>
Balance Sheet for Seneca Independence Pipeline Company ("Seneca") Confidential treatment requested pursuant to Rule 104(b)
Income Statement for Seneca Confidential treatment requested pursuant to Rule 104(b)
Balance Sheet for Niagara Independence Marketing Company ("Niagara") Confidential treatment requested pursuant to Rule 104(b)
Income Statement of Niagara Confidential treatment requested pursuant to Rule 104(b)
Balance Sheet for DirectLink Gas Marketing Company ("DirectLink") Confidential treatment requested pursuant to Rule 104(b)
Income Statement for DirectLink Confidential treatment requested pursuant to Rule 104(b)
Balance Sheet for Upstate Energy Inc. ("Upstate") Confidential treatment requested pursuant to Rule 104(b)
Income Statement for Upstate Confidential treatment requested pursuant to Rule 104(b)
Balance Sheet for HarCor Energy, Inc. ("HarCor") Confidential treatment requested pursuant to Rule 104(b)
Income Statement for HarCor Confidential treatment requested pursuant to Rule 104(b)
</TABLE>
B. EXHIBITS:
EXHIBIT A - CERTIFICATE OF NATIONAL FUEL GAS COMPANY
SIGNATURES
Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, National Fuel Gas Company has duly caused this report to be signed and
authorized on its behalf by the undersigned.
Dated: May 25, 1999
NATIONAL FUEL GAS COMPANY
By: /s/ James R. Peterson
----------------------------------------
James R. Peterson
Assistant Secretary
EXHIBIT A
NATIONAL FUEL GAS COMPANY
CERTIFICATE
The undersigned certifies that he is the duly designated and acting
Assistant Secretary of National Fuel Gas Company, a New Jersey Corporation, and
that the report on Form U-9C-3 for the previous quarter was filed with National
Fuel Gas Company's interested State Commissions whose names and addresses are
listed below:
State of New York Public Service Commission
3 Empire State Plaza
Albany, New York 12223-1350
Pennsylvania Public Utility Commission
P.O. Box 3265
North Office Building
Harrisburg, Pennsylvania 17120
IN WITNESS WHEREOF, I have hereunto set my hand as of the 25th day of May, 1999.
/s/ James R. Peterson
------------------------------------------
James R. Peterson
Assistant Secretary
