UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
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In the Matter of
NATIONAL FUEL GAS COMPANY THIRTY-THIRD
NATIONAL FUEL RESOURCES, INC. CERTIFICATE
PURSUANT TO
File No. 70-7833 RULE 24
(Public Utility Holding Company Act of 1935)
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In accordance with the terms of the Order dated December 20, 1991
issued to National Fuel Gas Company ("National") authorizing National to acquire
the common stock of National Fuel Resources, Inc. ("NFR") (File No. 70-7833,
HCAR No. 35-25437), attached as Exhibit "A" is an Income Statement of NFR for
the Six and Twelve Months ended March 31, 2000. Also attached as Exhibit "B" is
the Balance sheet of NFR as of March 31, 2000.
IN WITNESS WHEREOF, the undersigned companies have duly caused
this Certificate to be signed this 15th day of May, 2000.
NATIONAL FUEL RESOURCES, INC.
By: /s/ R. J. Kreppel
--------------------------------------
R. J. Kreppel, President
NATIONAL FUEL GAS COMPANY
By: /s/ James R. Peterson
--------------------------------------
James R. Peterson, Assistant Secretary
Exhibit A
NATIONAL FUEL RESOURCES, INC.
INCOME STATEMENT
Three Twelve
Months Ended Months Ended
March 31, 2000 March 31, 2000
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Actual Actual
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Operating Revenues $ 53,733,047 $ 125,721,187
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Operating Expenses:
Purchased Gas 49,226,868 114,298,305
Purchased Electric 424,611 1,663,308
Operation 1,498,055 5,242,955
Depreciation, Depletion
& Amortization 46,754 194,526
Franchise & Other Taxes 230,915 461,803
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51,427,203 121,860,897
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Operating Income 2,305,844 3,860,290
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Interest Income 71,063 350,003
Interest Expense 81,322 150,509
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Net Income Before Taxes 2,295,585 4,059,784
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Income Taxes:
Federal 827,096 1,569,941
State 43,374 69,839
Deferred (40,223) (198,782)
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830,247 1,440,998
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Net Income $ 1,465,338 $ 2,618,786
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Exhibit B
NATIONAL FUEL RESOURCES, INC.
BALANCE SHEET
AT MARCH 31,
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2000 1999
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ASSETS
Current Assets:
Cash and Temporary
Cash Investments $ 5,188,160 $ 6,869,315
Accounts Receivable 20,691,303 14,739,837
Accounts Receivable-Interco 583,217 4,839
Reserve for Bad Debts (959,525) (646,498)
Gas Stored Underground 2,707,465 1,821,084
Other Current Assets (152,455) 29,376
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28,058,165 22,817,953
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Property, Plant, and Equipment
Furniture and Fixtures 777,132 681,439
Less - Accumulated DD&A (396,904) (202,377)
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380,228 479,062
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Other Assets 1,909,698 893,865
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$ 30,348,091 $ 24,190,880
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LIABILITIES
Current Liabilities:
Accounts Payable $ 4,053,751 $ 2,143,421
Accrued Liabilities 2,176,655 1,136,698
Accounts Payable-Intercompany 285,635 279,215
Dividends Payable - Intercompany 100,000 35,000
Notes Payable - Intercompany 8,700,000 9,700,000
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15,316,041 13,294,334
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Long Term Liabilities:
Deferred Income Taxes (1,070,901) (896,907)
Miscellaneous Deferred Credits 1,632,105 (328,606)
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561,204 (1,225,513)
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Stockholder's Equity:
Common Stock 10,000 10,000
Capital Paid in Excess of Par 3,490,000 3,490,000
Retained Earnings 10,970,846 8,622,059
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Total Equity 14,470,846 12,122,059
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$ 30,348,091 $ 24,190,880
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