UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
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In the Matter of
NATIONAL FUEL GAS COMPANY SECOND
NATIONAL FUEL GAS SUPPLY CORPORATION CERTIFICATE
NATIONAL FUEL RESOURCES, INC. PURSUANT TO
SENECA RESOURCES CORPORATION RULE 24
UPSTATE ENERGY INC.
File No. 70-9525
(Public Utility Holding Company Act of 1935)
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THIS IS TO CERTIFY, pursuant to Rule 24, that certain transactions
proposed by National Fuel Gas Company ("National"), and its subsidiary, Seneca
Resources Corporation ("Seneca"), in the Application-Declaration on Form U-1, as
amended, ("Application-Declaration") in SEC File No. 70-9525, have been carried
out in accordance with the terms and conditions, and for the purposes as
represented by said Application-Declaration, and the Order of the Securities and
Exchange Commission ("Commission") (HCAR No. 35-27114 dated December 16, 1999)
with respect thereto, as amended.
I. Name and Purpose of Foreign Energy Affiliates Formed Or In Which
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Interests Were Acquired:
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During the quarter ended September 30, 2000 ("Quarter"), no new
"Foreign Energy Affiliates" were acquired. National Fuel Exploration Corp.
("Exploration"), a wholly-owned subsidiary of Seneca Resources Corporation,
continues to be the only "Foreign Energy Affiliate" in the National system.
II. Foreign Energy Affiliate Financial Statements:
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The following exhibits are attached to and made a part of this
Certificate:
Exhibit A - Income Statement of Exploration for the quarter ended
September 30, 2000
Exhibit B - Balance Sheet of Exploration as of September 30, 2000
III. Description of Specific Activities:
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During the Quarter, Exploration continued to operate its oil and gas
exploration and production business in Canada.
IV. Percentage of Revenues Attributable to the Sale of Energy Commodities
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in Canada:
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During the Quarter, Exploration's Canadian oil sales represented
approximately 43.96% of the total revenues generated by Seneca (on a
consolidated basis, net of hedging) from the sale of oil.
During the Quarter, Exploration's Canadian natural gas sales
represented approximately 1.74% of the total revenues generated by Seneca (on a
consolidated basis, net of hedging) from the sale of natural gas.
IN WITNESS WHEREOF, the undersigned companies have caused this
Certificate to be executed as of this 13th day of November, 2000.
NATIONAL FUEL GAS COMPANY
By: /s/ P. C. Ackerman
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P. C. Ackerman,
President
SENECA RESOURCES CORPORATION
By: /s/ J. A. Beck
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J. A. Beck,
President
