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UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
In the Matter of
- --------------------------------------------
NATIONAL FUEL GAS COMPANY TWENTY-FIFTH
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, 1999. The Partnership did not have any
income statement activity during the three months ended December 31, 1999.
Exhibit B is the income statement of Leidy Hub, Inc. for the three and twelve
months ended December 31, 1999, and Exhibit C is the balance sheet for Leidy
Hub, Inc. at December 31, 1999.
IN WITNESS WHEREOF, the undersigned companies have duly caused
this Certificate to be signed this 11th day of February, 2000.
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, 1999.
(2) Exhibit B - Income Statement of Leidy Hub, Inc. for the Three and
Twelve Months Ended December 31, 1999.
(3) Exhibit C - Balance Sheet of Leidy Hub, Inc. as of December 31, 1999.
EXHIBIT A
---------
ELLISBURG-LEIDY NORTHEAST HUB COMPANY
BALANCE SHEET
(UNAUDITED)
At December 31, 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
December 31, 1999 December 31, 1999
------------------ ------------------
Operating Expenses:
Operation Expense $ 6,621 $ 21,687
Other Taxes (1,957) (1,857)
--------- ---------
Total Operating Expenses 4,664 19,830
-------- --------
Other Income:
Interest Income 11,212 38,528
Miscellaneous - -
Equity Interest in:
Ellisburg-Leidy Northeast
Hub Co. (19,693) (19,693)
Enerchange - -
-------- --------
(8,481) 18,835
--------- --------
Other Deductions:
Interest - 177
-------- --------
Pretax Income (13,145) (1,172)
--------- ---------
Income Taxes - Current (4,332) (3,828)
- Deferred - 5,597
-------- --------
(4,332) 1,769
--------- --------
Net Income $ (8,813) $ (2,941)
========= =========
EXHIBIT C
---------
LEIDY HUB, INC.
BALANCE SHEET
(UNAUDITED)
At December 31, 1999
--------------------
ASSETS
Current Assets:
Cash $ 7,523
Notes Receivable - Associated Companies 800,000
Accounts Receivable - Associated Companies 4,190
Prepayments 6,363
----------
Total Current Assets 818,076
----------
Property, Plant & Equipment 3,208
Less: Reserve for DDA (3,170)
----------
Net Property, Plant & Equipment 38
----------
Other Assets:
Investment in Ellisburg-Leidy
Northeast Hub Co. 117,157
Investment in Enerchange -
Other Deferred Debits 1,873
----------
Total Other Assets 119,030
----------
Total Assets $ 937,144
==========
LIABILITIES & STOCKHOLDERS EQUITY
Capital Stock $1 Par:
Authorized 4,000 shares issued
and outstanding $ 4,000
Paid-in-Capital 1,364,500
Retained Earnings (659,591)
----------
Total Stockholders Equity 708,909
----------
Current & Accrued Liabilities:
Accounts Payable - Assoc. Companies 25,548
Federal Income Taxes Payable 75,995
Other Accruals 5,731
----------
Total Current & Accrued Liabilities 107,274
----------
Accumulated Deferred Income Taxes 120,961
----------
Total Liabilities & Equity $ 937,144
==========
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