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Previous: UNITIL CORP, U-13-60, 1996-04-30 |
Next: UNITIL CORP, U5S, 1996-04-30 |
Form U-13-60
Mutual and Subsidiary Service Companies
Revised February 7, 1980
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1995 and Ending December 31, 1995
TO THE
US SECURITIES AND EXCHANGE COMMISSION
OF
UNITIL SERVICE CORP.
A Subsidiary Service Company
Date of Incorporation October 9, 1984
State of Incorporation New Hampshire
Location of Principal Executive Offices of Reporting Company:
216 Epping Road
Exeter, New Hampshire 03833-4571
Name, Title and address of officer to whom correspondence
concerning this report should be addressed:
Laurence M. Brock, Controller216 Epping Road
Exeter, New Hampshire 03833-4571
Name of Principal Holding Company Whose Subsidaries are served by
Reporting Company: UNITIL Corporation
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Description of Schedules and Accounts Schedule or
Account Page
Number Number
COMPARATIVE BALANCE SHEET Schedule I 4-5
SERVICE COMPANY PROPERTY Schedule II 6-7
ACCUMULATED PROVISION FOR
DEPRECIATION
AND AMORTIZATION OF SERVICE COMPANY Schedule III 8
PROPERTY
INVESTMENTS Schedule IV 9
ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES Schedule V 10
FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI 11
STORES EXPENSE UNDISTRIBUTED Schedule VII 12
MISCELLANEOUS CURRENT AND ACCRUED Schedule 13
ASSETS VIII
MISCELLANEOUS DEFERRED DEBITS Schedule IX 14
RESEARCH, DEVELOPMENT, OR
DEMONSTRATION
EXPENDITURES Schedule X 15
PROPRIETARY CAPITAL Schedule XI 16
LONG-TERM DEBT Schedule XII 17
CURRENT AND ACCRUED LIABILITIES Schedule 18
XIII
NOTES TO FINANCIAL STATEMENTS Schedule XIV 19
COMPARATIVE INCOME STATEMENT Schedule XV 20
ANALYSIS OF BILLING - ASSOCIATE Account 457 21
COMPANIES
ANALYSIS OF BILLING - NONASSOCIATE Account 458 22
COMPANIES
ANALYSIS OF CHARGES FOR SERVICE -
ASSOCIATE AND NONASSOCIATE COMPANIES Schedule XVI 23
SCHEDULE OF EXPENSE BY DEPARTMENT OR
SERVICE FUNCTION Schedule XVII 24-25
DEPARTMENTAL ANALYSIS OF SALARIES Account 920 26
OUTSIDE SERVICES EMPLOYED Account 923 27
EMPLOYEE PENSIONS AND BENEFITS Account 926 28
GENERAL ADVERTISING EXPENSES Account 930.1 29
MISCELLANEOUS GENERAL EXPENSES Account 930.2 30
RENTS Account 931 31
TAXES OTHER THAN INCOME TAXES Account 408 32
DONATIONS Account 426.1 33
OTHER DEDUCTIONS Account 426.5 34
NOTES TO STATEMENT OF INCOME Schedule XVIII 35
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS Page
Number
Description of Reports or
Statements
ORGANIZATION CHART 37
METHODS OF ALLOCATION 38
ANNUAL STATEMENT OF 39
COMPENSATION FOR USE
OF CAPITAL BILLED
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE I - COMPARATIVE BALANCE SHEET
Give balance sheet of the Company as of December 31 of the
current and prior year.
ASSETS AND OTHER DEBITS AS OF DECEMBER 31
CURRENT PRIOR
SERVICE COMPANY PROPERTY
101 Service company property 3,354,797 2,109,594
(Schedule II)
107 Construction work in progress 0 0
(Schedule II)
Total Property 3,354,797 2,109,594
108 Less accumulated provision for
depreciation
and amortization of service
company property 2,087,238 1,755,165
(Schedule III)
Net Service Company Property 1,267,559 354,429
INVESTMENTS
123 Investments in associate 0 0
companies (Schedule IV)
124 Other investments 0 0
(Schedule IV)
Total investments 0 0
CURRENT AND ACCRUED ASSETS
131 Cash 24,120 24,120
134 Special deposits 0 0
135 Working funds 5,000 5,000
136 Temporary cash investments 0 0
(Schedule IV)
141 Notes receivable 0 0
143 Accounts receivable 214,939 1,873
144 Accumulated provision for
uncollectable accounts 0 0
146 Accounts receivable from
associate companies
(Schedule V) 1,258,235 946,860
152 Fuel stock expense 0 0
undistributed (Schedule VI)
154 Materials and supplies 0 0
163 Stores expense undistributed 0 0
(Schedule VII)
165 Prepayments 12,989 4,667
174 Miscellaneous current and
accrued assets (Schedule VIII) 0 0
Total Current and Accrued
Assets 1,515,284 982,520
DEFERRED DEBITS
181 Unamortized debt expense 0 0
184 Clearing accounts 151,276 224,770
186 Miscellaneous deferred debits
(Schedule IX) 57,028 514,715
188 Research, development, or
demonstration expenditures
(Schedule X) 0 0
190 Accumulated deferred income tax 0 0
Total Deferred Debits 208,304 739,485
TOTAL ASSETS AND OTHER DEBITS 2,991,147 2,076,434
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE I - COMPARATIVE BALANCE SHEET
ACCOUNT LIABILITIES AND PROPRIETARY AS OF
CAPITAL DECEMBER 31
CURRENT PRIOR
PROPRIETARY CAPITAL
201 Common stock issued (Schedule
XI) 1,000 1,000
211 Miscellaneous paid-in-capital
(Schedule XI) 0 0
215 Appropriated retained earnings
(Schedule XI) 0 0
216 Unappropriated retained
earnings (Schedule XI) 1,688 1,688
Total Proprietary Capital 2,688 2,688
LONG-TERM DEBT
223 Advances from associate
companies (Schedule XII) 0 0
224 Other long-term debt
(Schedule XII) 0 0
225 Unamortized premium on long-
term debt 0 0
226 Unamortized discount on
long-term debt-debit 0 0
Total Long-Term Debt 0 0
227 Obligations under capital
leases - non-current 807,812 149,415
CURRENT AND ACCRUED LIABILITIES
231 Notes payable 0 0
232 Accounts payable 82,314 105,920
233 Notes payable to associate
companies (Schedule XIII) 611,852 596,925
234 Accounts payable to associate
companies (Schedule XIII) 978,244 763,934
236 Taxes accrued 16,941 (8,933)
237 Interest accrued 0 0
238 Dividends declared 0 0
241 Tax collections payable (107) (4,983)
242 Miscellaneous current and
accrued liabilities
(Schedule XIII) 606,512 782,457
243 Obligations under capital
leases - current 438,993 184,259
Total Current and Accrued
Liabilities 2,734,750 2,419,579
DEFERRED CREDITS
253 Other deferred credits 0 0
255 Accumulated deferred investment
tax credits 0 0
Total Deferred Credits 0 0
282 ACCUMULATED DEFERRED INCOME TAXES (554,102) (495,248)
TOTAL LIABILITIES AND PROPRIETARY
CAPITAL 2,991,147 2,076,434
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE II - SERVICE COMPANY PROPERTY
BALANCE
AT RETIREMENTS BALANCE
BEGINNING ADDITIONS OR OTHER AT CLOSE
DESCRIPTION OF YEAR SALES CHANGES 1/ OF YEAR
SERVICE COMPANY
PROPERTY
Account
301 ORGANIZATION
303 MISCELLANEOUS
INTANGIBLE PLANT
304 LAND AND LAND
RIGHTS
305 STRUCTURES
AND IMPROVEMENTS
306 LEASEHOLD
IMPROVEMENTS
307 EQUIPMENT 2/ 1,403,634 1,211,337 0 0 2,614,971
308 OFFICE
FURNITURE
AND EQUIPMENT 630,992 32,092 0 0 663,084
309 AUTOMOBILES,
OTHER VEHICLES
AND RELATED
GARAGE
EQUIPMENT 74,968 19,256 (17,482) 0 76,742
310 AIRCRAFT AND
AIRPORT
EQUIPMENT
311 OTHER SERVICE
COMPANY
PROPERTY 3/
SUB-TOTAL 2,109,594 1,262,685 (17,482) 0 3,354,797
107 CONSTRUCTION
WORK IN
PROGRESS
TOTAL 2,109,594 1,262,685 (17,482) 0 3,354,797
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED
MATERIAL:
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE II - CONTINUED
SUBACCOUNT DESCRIPTION ADDITIONS BALANCE AT
CLOSE OF
YEAR
PC Equipment 1,211,337 2,614,971
TOTAL 1,211,337 2,614,971
3/ DESCRIBE OTHER SERVICE COMPANY
PROPERTY:
NONE
4/ DESCRIBE CONSTRUCTION WORK IN
PROGRESS:
NONE
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE III
ACCUMULATED PROVISION FOR DEPRECIATION AND
AMORTIZATION OF SERVICE COMPANY PROPERTY
BALANCE ADDITIONS
DESCRIPTION AT CHARGED TO OTHER CHANGES BALANCE
BEGINNING ACCOUNT RETIRE- ADD AT CLOSE
OF YEAR 403 MENTS (DEDUCT)1/ OF YEAR
Account
301
ORGANIZATION
303
MISCELLANEOUS
INTANGIBLE PLANT
304 LAND AND
LAND RIGHTS
035 STRUCTURES
AND IMPROVEMENTS
306 LEASEHOLD
IMPROVEMENTS
307 EQUIPMENT 1,220,688 245,354 0 0 1,466,042
308 OFFICE
FURNITURE
AND 472,057 93,671 0 0 565,728
EQUIPMENT
309
AUTOMOBILES,
OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT 62,420 10,530 (17,482) 0 55,468
310 AIRCRAFT
AND
AIRPORT
EQUIPMENT
311 OTHER
SERVICE
COMPANY
PROPERTY
TOTAL 1,755,165 349,555 (17,482) 0 2,087,238
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED
MATERIAL:
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
Instructions: Complete the following schedule concerning investments.
Under Account 124 "Other Investments" state each investment
separately, with description, including, the name of issuing
company, number of shares or principal amount.
Under Account 136, "Temporary Cash Investments," list
each investment separately.
BALANCE BALANCE
AT AT
BEGINNING CLOSE
BALANCE OF YEAR
DESCRIPTION
ACCOUNT 123 - INVESTMENT IN ASSOCIATED 0 0
COMPANIES
ACCOUNT 124 - OTHER INVESTMENTS 0 0
ACCOUNT 136 - TEMPORARY CASH 0 0
INVESTMENTS
TOTAL 0 0
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
INSTRUCTIONS: Complete the following schedule listing accounts receivable
from each associate company. Where the service company has
provided accomodation or convenience payments for associate
companies, a separate listing of total payments for each
company, number of shares or principal amount associate
company by subaccount should be provided.
BALANCE BALANCE
AT AT
DESCRIPTION BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM ASSOCIATE
Companies
Concord Electric Company 181,094 252,799
Exeter & Hampton Electric Company 182,672 271,585
Fitchburg Gas and Electric
Light Company 357,969 485,809
UNITIL Power Corp. 151,957 180,125
UNITIL Realty Corp. 21,165 14,418
UNITIL Corporation 0 2,637
UNITIL Resources, Inc. 52,003 50,862
TOTAL 946,860 1,258,235
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS:
Concord Electric Company 781,977
Exeter & Hampton Electric Company 796,786
Fitchburg Gas and Electric Light Company 1,269,829
UNITIL Power Corp. 248,443
UNITIL Realty Corp. 26,208
UNITIL Corporation 2,706
UNITIL Resources, Inc. 38,994
For a list of major vendors paid by UNITIL
Service Corp. on behalf of
associate companies see
page 10A.
TOTAL PAYMENTS 3,164,943
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
CONVENIENCE PAYMENTS BY TYPE AND COMPANY
CECo E&H FG&E UPC
Insurance $133,800 $147,950 $400,362 $90,147
Legal 47,106 44,733 257,584 120,554
Audit 40,248 41,322 82,231 34,434
Computer
Equip/Software/Maint 59,291 79,766 49,953 0
Demand Side Management 933 591 2,600 0
Office Supplies & Forms 43,011 56,135 43,076 210
Actuarial Services 17,259 20,440 40,562 0
Consulting Services 158,300 157,400 346,900 2,100
Payroll Related 250,604 215,770 0 0
Miscellaneous 31,424 32,678 46,561 998
Total $781,977 $796,786 $1,269,829 $248,443
CONVENIENCE PAYMENTS BY TYPE AND COMPANY (Cont.)
URI URC UC Total
Insurance $903 $6,313 $0 $779,476
Legal 25,843 17,918 0 513,739
Audit 1,411 1,247 0 200,893
Computer
Equip/Software/Maint 8,292 0 0 197,302
Demand Side Management 0 0 0 4,123
Office Supplies & Forms 988 37 0 143,458
Actuarial Services 0 0 0 78,261
Consulting Services 0 0 0 664,700
Payroll Related 0 0 0 466,374
Miscellaneous 1,557 693 2,706 116,617
Total $38,994 $26,208 $2,706 $3,164,943
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and
expenses incurred with respect
to fuel stock expense during the year
and indicate amount
attributable to each associate
company. Under the section
headed "Summary" listed below give an
overall report of the
fuel functions performed by the
service company.
LABOR EXPENSE TOTAL
DESCRIPTION
ACCOUNT 152 - FUEL STOCK EXPENSE 0 0 0
UNDISTRIBUTED
TOTAL 0 0 0
SUMMARY:
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect
to stores expense during the year and indicate amount
attributable to each associate company.
DESCRIPTION LABOR EXPENSE TOTAL
ACCOUNT 163 - STORES EXPENSE 0 0 0
UNDISTRIBUTED
TOTAL 0 0 0
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE VIII
MISCELLANEOUS CURRENT AND ACCRUED ASSETS
INSTRUCTIONS: Provide detail of items in this account. Items
less than $10,000 may be grouped, showing the number
of items in each group.
BALANCE AT BALANCE AT
BEGINNING CLOSE
OF YEAR OF YEAR
DESCRIPTION
ACCOUNT 174 - MISCELLANEOUS
CURRENT AND ACCRUED ASSETS 0 0
TOTAL 0 0
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE IX - MISCELLANEOUS DEFERRED DEBITS
INSTRUCTIONS: Provide detail of items in this account.
Items less than $10,000 may be grouped by class
showing the number of items in each class.
BALANCE AT BALANCE AT
BEGINNING CLOSE
OF YEAR OF YEAR
DESCRIPTION
ACCOUNT 186 - MISCELLANEOUS DEFERRED
DEBITS
Under/(over) collected
administrative expenses 188,636 (7,438)
Postage 20,561 18,838
Deferred relocation costs 295,268 0
Business Development 10,250 0
Miscellaneous Deferred 0 45,628
TOTAL 514,715 57,028
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE X
RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES
INSTRUCTIONS: Provide a description of each material
research, development, or demonstration
project which incurred costs by the service
corporation during the year.
BALANCE AT
DESCRIPTION CLOSE
OF YEAR
ACCOUNT 188 - RESEARCH, DEVELOPMENT OR
DEMONSTRATION EXPENDITURES 0
TOTAL 0
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE XI - PROPRIETARY CAPITAL
PAR OR OUTSTANDING CLOSE
NUMBER OF STATED OF PERIOD
ACCOUNT CLASS OF SHARES VALUE NO. OF TOTAL
NUMBER STOCK AUTHORIZED PER SHARE SHARES AMOUNT
- ------------------------------------------------------------------
201 COMMON STOCK ISSUED 300 10.00 100 1,000
- ------------------------------------------------------------------
INSTRUCTIONS: Classify amounts in each account with brief
explanation, disclosing the general
nature of transactions which gave rise to the
reported amounts.
DESCRIPTION AMOUNT
ACCOUNT 211 - MISCELLANEOUS PAID-IN CAPITAL
ACCOUNT 215 - APPROPRIATED RETAINED EARNINGS
TOTAL 0
- ------------------------------------------------------------------
INSTRUCTIONS: Give particulars concerning net income or
(loss) during the year, distinguishing
between compensation for the use of capital
owned or net loss remaining from
servicing nonassociates per the General
Instructions of the Uniform System of
Accounts. For dividends paid during the year
in cash or otherwise, provide rate
percentage, amount of dividend, date declared
and date paid.
- ------------------------------------------------------------------
BALANCE NET BALANCE
AT INCOME AT
DESCRIPTION BEGINNING OR DIVIDENDS CLOSE
OF YEAR (LOSS) PAID OF YEAR
- ------------------------------------------------------------------
ACCOUNT 216 -
UNAPPROPRIATED
RETAINED
EARNINGS 1,688 0 0 1,688
- ------------------------------------------------------------------
TOTAL 1,688 0 0 1,688
- ------------------------------------------------------------------
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
INSTRUCTIONS: Advances from associate companies should be reported
separately for advances on notes, and advances on open account.
Names of associate companies from which advances were
received shall be shown under the class and series of
obligation column. For Account 224 - Other long-term
debt provide the name of creditor company or organization,
terms of the obligation,date of maturity, interest
rate, and the amount authorized and outstanding.
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
TERMS OF
OBLIG CLASS DATE BALANCE
NAME OF & SERIES OF INTEREST AMOUNT 1/ AT CLOSE
CREDITOR OF OBLIGATION MATURITY RATE AUTHORIZED ADDITIONS DEDUCTIONS OF YEAR
ACCOUNT 223 - ADVANCES FROM
ASSOCIATE COMPANIES 0 0 0 0
ACCOUNT 224 - OTHER LONG-TERM DEBT: 0 0 0 0
TOTAL 0 0 0 0
1/ GIVE AN EXPLANATION OF DEDUCTIONS:
</TABLE>
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE XIII - CURRENT AND ACCRUED LIABILITIES
Provide balance of notes and accounts payable to each
company. Give description and amount of miscellaneous
current and accrued liabilities. Items less than $10,000
may be grouped, showing the number of items in each group.
BALANCE AT BALANCE AT
BEGINNING CLOSE
DESCRIPTION OF YEAR OF YEAR
ACCOUNT 233 - NOTES PAYABLE
TO ASSOCIATE COMPANIES
Money Pool 596,925 611,852
TOTAL 596,925 611,852
ACCOUNT 234 - ACCOUNTS
PAYABLE TO ASSOCIATE
COMPANIES
Concord Electric Company 375 756
Exeter & Hampton Electric
Company 0 0
Fitchburg Gas and Electric 0 0
Company
UNITIL Corporation (1) 763,559 977,488
(1) Balance consists of
KESOP for UNITIL Service
Employees only,
not subsidaries. TOTAL 763,934 978,244
ACCOUNT 242 - MISCELLANEOUS
CURRENT AND ACCRUED
LIABILITIES
Accrued FASB 87 269,155 160,155
Accrued Supplemental
Executive Retirement Plan 235,865 257,164
Accrued Legal Fees 8,683 6,406
Accrued Annual Report 59,651 72,127
Accrued Pension Expense 0 0
Accrued FASB 106 23,601 34,132
Accrued FASB 106 - APBO 7,118 10,677
Accrued FASB 106 - Gain/Loss (1,649) (1,649)
Accrued Realignment Cost 180,033 67,500
TOTAL 782,457 606,512
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENT
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account thereof.
Furnish particulars as to any significant contingent assets or
liabilities existing at the end of the year. Notes relating to
financial statements
shown elsewhere in this report may be indicated
here by reference.
Selected Notes to the Financial Statements:
UNITIL Service Corp. (USC), a wholly-owned subsidiary of
UNITIL Corporation, a public utility parent company and its
subsidiaries. USC is subject to the jurisdiction of the
Securities and Exchange Commission (SEC) under the Public
Utility Holding Company Act of 1935. Accordingly, USC
maintains its books as prescribed by the "Uniform System
of Accounts for Mutual Service Companies and Subsidiaries
Service Companies" as Amended February 2, 1979 to
be effective January 1, 1980. USC prepares its financial
statements in conformity with generally accepted accounting
principles.
Please refer to the 1995 UNITIL Corporation Form 10-K for
additional disclosures.
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE XV
STATEMENT OF INCOME
ACCOUNT DESCRIPTION CURRENT PRIOR
YEAR YEAR
INCOME
457 Services rendered to
associate companies 8,710,699 7,843,330
458 Services rendered to
nonassociate companies 30,000 30,000
419 Interest Income 1,574 755
421 Miscellaneous income or loss 0 0
Total Income 8,742,273 7,874,085
EXPENSE
920 Salaries and wages 4,734,570 4,470,936
921 Office supplies and
expenses 513,765 492,906
922 Administrative expense
transferred - credit 207,795 (188,635)
923 Outside services employed 286,326 268,496
924 Property insurance 1,788 2,090
925 Injuries and damages 32,640 45,943
926 Employee pensions and 994,124 944,842
benefits
928 Regulatory commission 0 0
expense
930.1 General advertising 45,258 23,840
expense
930.2 Miscellaneous general 175,088 126,407
expense
931 Rents 760,178 753,718
932 Maintenance of structures
and equipment 207,108 217,699
403 Depreciation and
amortization expense 349,554 341,618
408 Taxes other than income
taxes 333,476 309,066
409 Income taxes 76,680 62,591
410 Provision for deferred
income taxes (58,854) (51,849)
411 Provision for deferred
income taxes - credit 0 0
411.5 Investment tax credit 0 0
426.1 Donations 2,710 788
426.5 Other deductions 907 172
427 Interest on long-term debt 0 0
430 Interest on debt to
associate companies 19,184 11,706
431 Other interest expense 59,976 41,751
Total Expense 8,742,273 7,874,085
Net Income or (Loss) 0 0
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
ANALYSIS OF BILLING
ASSOCIATE COMPANIES
ACCOUNT 457
DIRECT INDIRECT COMPENSATION TOTAL
COSTS COSTS FOR USE AMOUNT
NAME OF ASSOCIATE CHARGED CHARGED OF CAPITAL BILLED
COMPANY
457-1 457-2 457-3
Concord Electric
Company 889,544 796,296 0 1,685,840
Exeter & Hampton
Electric Company 950,349 829,416 0 1,779,765
Fitchburg Gas and
Electric Light
Company 1,720,955 1,578,180 0 3,299,135
UNITIL Power Corp. 693,287 670,768 0 1,364,055
UNITIL Realty
Corp. 21,893 21,140 0 43,033
UNITIL Resources,
Inc. 314,434 224,437 0 538,871
TOTAL 4,590,462 4,120,237 0 8,710,699
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
ANALYSIS OF BILLING
NONASSOCIATE COMPANIES
ACCOUNT 458
DIRECT INDIRECT COMPENSATION EXCESS
NAME OF COSTS COSTS FOR USE OR TOTAL
NONASSOCIATE CHARGED CHARGED OF CAPITAL TOTAL DEFICIENCY AMOUNT
COMPANY 457-1 457-2 457-3 COST 458-4 BILLED
UNITIL Retiree
Trust 0 30,000 30,000 0 30,000
Total 0 30,000 30,000 0 30,000
INSTRUCTION: Provide a brief description of the services
rendered to each nonassociate company.
UNITIL Retiree Trust - Professional services provided.
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE XVI
ANALYSIS OF CHARGES FOR SERVICE
ASSOCIATE AND NONASSOCIATE COMPANIES
<TABLE>
Associate Company Charges Nonassociate Company Total Charges for Service
Charges
---------------------------------------------------------------------------------------
<S> <C> <C> <C>
Description of Items Direct Indirect Direct Indirect Direct Indirect
Cost Cost Total Cost Cost Total Cost Cost Total
---------------------------------------------------------------------------------------
920 Salaries and Wages 4,179,179 525,391 4,704,570 30,000 30,000 4,179,179 555,391 4,734,570
921 Office Supplies and Expenses 98,704 415,061 513,765 0 98,704 415,061 513,765
922 Admin Expense Trans-Credit 175,833 31,962 207,795 0 175,833 31,962 207,795
923 Outside Services Employed 286,326 286,326 0 286,326 286,326
924 Property Insurance 1,788 1,788 0 1,788 1,788
925 Injuries and Damages 32,640 32,640 0 32,640 32,640
926 Employee Pensions and Benefits 994,124 994,124 0 994,124 994,124
928 Regulatory Commission Expense 0 0 0 0 0
930.1 General Advertising Expense 45,258 45,258 0 45,258 45,258
930.2 Misc. General Expense 175,088 175,088 0 175,088 175,088
931 Rents 112,854 647,324 760,178 0 112,854 647,324 760,178
932 Maint. of Struct. & Equip. 23,892 183,216 207,108 0 23,892 183,216 207,108
403 Depr. and Amort. Expense 349,554 349,554 0 349,554 349,554
408 Taxes other than income 333,476 333,476 0 333,476 333,476
409 Income Taxes 76,680 76,680 0 76,680 76,680
410 Prov for Def Inc Taxes (58,854) (58,854) 0 (58,854) (58,854)
411 Prov for Def Inc Tax Credit 0 0 0 0
411.5 Investment Tax Credit 0 0 0 0
419 Interest Income (1,574) (1,574) 0 (1,574) (1,574)
426.1 Donations 2,710 2,710 0 2,710 2,710
426.5 Other Deductions 907 907 0 907 907
427 Interest on Long-Term Debt 0 0 0 0
431 Other Interest Expense 59,976 59,976 0 59,976 59,976
INSTRUCTION: Total cost of service
for associate and nonassociate
companies the total amount
billed under their separate
analysis of billing
schedules.
SUBTOTAL EXPENSES 4,590,462 4,101,053 8,691,515 30,000 30,000 4,590,462 4,131,053 8,721,515
Compensation for Use of
Equity Capital 0 0 0
430 Interest on Debt to
Associate Co.'s 0 19,184 19,184 0 0 19,184 19,184
TOTAL EXPENSES 4,590,462 4,120,237 8,710,699 30,000 30,000 4,590,462 4,150,237 8,740,699
421 Miscellaneous Income 0 0 0 0 0 0 0 0
Total Cost of Service 4,590,462 4,120,237 8,710,699 30,000 30,000 4,590,462 4,150,237 8,740,699
</TABLE>
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR SERVICE FUNCTION
DEPARTMENT OR
SERVICE FUNCTION
TOTAL OVER- MARKET
AMOUNT HEAD PRICING ADMIN.
920 SALARIES AND WAGES 4,734,570 453,766 1,226,700
921 OFFICE SUPPLES AND 513,765 60,342 289,846
EXPENSES
922 ADMIN. EXPENSE
TRANS-CREDIT 207,795
923 OUTSIDE SERVICES EMPLOYED 286,326 85,626 155,912
924 PROPERTY INSURANCE 1,788 1,788
925 INJURIES AND DAMAGES 32,640 32,640
926 EMPLOYEE PENSIONS AND
BENEFITS 994,124 981,018
928 REGULATORY COMMISSION EXPENSE 0
930.1 GENERAL ADVERTISING 45,258 16,406 28,852
EXPENSE
930.2 MISC. GENERAL EXPENSE 175,088 3,954
931 RENTS 760,178 807,272
932 MAINT. OF STRUCT. &
EQUIP. 207,108 118,633
403 DEPR. AND AMORT. EXPENSE 349,554
408 TAXES OTHER THAN INCOME 333,476
409 INCOME TAXES 76,680
410 PROV. FOR DEF. INC. TAXES (58,854)
411 PROV. FOR DEF. INC. TAX
CREDIT 0
411.5 INVESTMENT TAX CREDIT 0
426.1 DONATIONS 2,710
426.5 OTHER DEDUCTIONS 907
427 INTEREST ON LONG-TERM
DEBT 0
430 INTEREST ON DEBT TO
ASSOCIATE COMPANIES 19,184
431 OTHER INTEREST EXPENSE 59,976
INSTRUCTIONS: Indicate each
department or service function.
(see Instruction 01-3 General
Structure of Accounting System
Uniform System Account.
TOTAL EXPENSES - 8,742,273 0 616,140 3,646,615
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR SERVICE FUNCTION
DEPARTMENT OR SERVICE FUNCTION
ACCOUNT ENERGY CUSTOMER
NUMBER ACCOUNTING RESOURCES DISTRIBUTION FINANCE AFFAIRS ENGINEERING TECHNOLOGY
920 607,665 689,093 249,096 454,991 588,874 331,174 133,211
921 11,536 20,564 27,277 21,671 9,696 16,409 56,424
922 207,795
923 6,242 244 21,000 3,075 10,250 3,977
924
925
926 3,920 1,852 3,960 709 2,665
928
930.1
930.2 166,054 5,080
931 (393,265) 1,065 2,654 101,800 5,958 234,694
932 20,426 49,641 944 17,464
403 349,554
408 333,476
409 76,680
410 (58,854)
411
411.5
426.1 2,710
426.5 907
427
430 19,184
431 59,976
1,168,792 710,722 279,271 744,728 762,126 365,444 448,435
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
DEPARTMENTAL ANALYSIS OF SALARIES
ACCOUNT 920
DEPARTMENT SALARY EXPENSE NUMBER
INCLUDE IN AMOUNTSBILLED TO PERSONNEL
NAME OF TOTAL PARENT OTHER NON END OF
DEPARTMENT AMOUNT COMPANY ASSOCIATES ASSOCIATES YEAR
Indicate each
department
or service
function
- ------------------------------------------------------------------------------
Market Pricing 453,766 0 453,766 0 10
Technology 133,211 0 133,211 0 6
Accounting 607,665 0 602,865 4,800 16
Finance 454,991 0 454,391 600 8
Administrative 1,226,700 0 1,203,000 23,700 15
Energy Resources 689,093 0 689,093 0 11
Engineering 331,174 0 331,174 0 7
Distribution 249,096 0 249,096 0 4
Customer Affairs 588,874 0 587,974 900 15
TOTAL 4,734,570 0 4,704,570 30,000 92
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of
outside services employed.
If the aggregate amounts paid to any one
payee and included within
one subaccount is less than $25,000,
only the aggregate number
and amount of all such payments included
within the subaccount
need be shown. Provide a subtotal for
each type of service.
RELATIONSHIP
"A"=
ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"=NON AMOUNT
ASSOCIATE
Outside Services -
Accounting
Various (1) NA 6,242
Outside Services -
Consulting
Charles H. Tenney II 300 Friberg A 105,000
Parkway
Westborough, MA
Various (5) NA 42,329
Total Outside
Services - Consulting 147,329
Outside Services -
Data Processing
Various (7) NA 30,184
Outside Services - Legal
LeBoeuf, Lamb, Greene 260 Franklin NA 69,334
& MacRae Street
Boston, MA
02110-3173
Various (4) NA 4,111
Total Outside Services - Legal 73,445
Outside Services - Other
Various (5) NA 29,126
TOTAL 286,326
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
EMPLOYEE PENSIONS AND BENEFITS
ACCOUNT 926
INSTRUCTIONS: Provide a listing of each pension plan
and benefit
program provided by the service
company. Such
listing should be
limited to $25,000.
DESCRIPTION AMOUNT
Health Insurance 405,549
Net Periodic Pension 171,000
Expense
401 K 139,238
Life Insurance 73,666
Other 63,477
Supplemental Executive 59,604
Retirement Plan
FASB 106 14,090
Realignment Costs 67,500
TOTAL 994,124
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
GENERAL ADVERTISING EXPENSES
ACCOUNT 930.1
INSTRUCTIONS: Provide a listing of the amounts included in Account
930.1 "General Advertising Expenses", classifying the items
according to the nature of the advertising and as defined
in the account definition. If a particular class includes
an amount in excess of $3,000 applicable to a single payee
show separately the name of the payee and the and the
aggregate amount applicable thereto.
DESCRIPTION NAME OF PAYEE AMOUNT
Recruiting JWG Associates, Inc. 28,852
Other 16,406
TOTAL 45,258
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
MISCELLANEOUS GENERAL EXPENSES
ACCOUNT 930.2
INSTRUCTIONS: Provide a listing of the amount included
in Account 930.02
"Miscellaneous General Expense",
classifying such expenses
according to their nature. Payments and
expenses permitted by
Section 321 (b) (2) of the Federal
Election Campaign Act, as
amended by Public Law 94-283 in 1976 (2
U.S.C. 441 (b) (2)
shall be separately classified.
DESCRIPTION AMOUNT
Printing and Distribution of
Quarterly and Annual Reports 171,963
SEC Filing Fees 1,125
Company Dues 2,000
TOTAL 175,088
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
RENTS
ACCOUNT 931
INSTRUCTIONS: Provide a listing of the amount included in
Account 931, "Rents"
classifying such expenses by major groupings of
property, as defined in the account definition of the
Uniform System of Accounts.
TYPE OF PROPERTY AMOUNT
Office Building 643,668
EDP Equipment 109,101
Miscellaneous 7,409
TOTAL 760,178
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
TAXES OTHER THAN INCOME TAXES
ACCOUNT 408
INSTRUCTIONS: Provide an analysis of Account 408, "Taxes
Other Than Income
Taxes". Separate the analysis into two
groups: (1) other than
U. S. Government and (2) U.S. Government
taxes. Specify
each of the various kinds of taxes and show
the amounts there of.
Provide a subtotal for each class of tax.
KIND OF TAX AMOUNT
Other than U.S.
Government Tax:
State Telephone & Telegram Tax 6,449
State Unemployment Tax - NH 9,930
16,379
U.S. Government
Tax:
Federal Telephone & Telegram Tax 2,591
Federal Insurance Contribution Act 308,756
Federal Unemployment Tax 5,750
317,097
TOTAL 333,476
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
DONATIONS
ACCOUNT 426.1
INSTRUCTIONS: Provide a listing of the amount included
in Account 426.1, "Donations", classifying
such expenses by its purpose. The
aggregate number and amount of all items
of less than $3,000 may be shown in lieu of
details.
NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT
Aggregate 2,710
TOTAL 2,710
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
OTHER DEDUCTIONS
ACCOUNT 426.5
INSTRUCTIONS: Provide a listing of the amount
included in Account 426.5,
"Other Deductions", classifying such
expenses according to
their nature.
DESCRIPTION NAME OF PAYEE AMOUNT
Penalty Assessment Internal Revenue Service 131
Lobbying Expenses Business and Industry 762
Lobbying Expenses American Institute of CPAs 14
TOTAL 907
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE XVIII
NOTES TO STATEMENT OF INCOME
INSTRUCTIONS: The space below is provided for important notes
regarding the statement of income
or any account thereof. Furnish particulars as to
any significant increases in
services rendered or expenses incurred during the
year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
See page 19.
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
ORGANIZATION CHART
See page 37A.
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
ORGANIZATION CHART AS OF DECEMBER 31, 1995
President and Chief Executive Stulgis
Officer
Senior Executive Vice President - Dalton
Retail Business
Vice President - Engineering Appleton
Vice President - Customer Morrissey
Services
Vice President - Distribution Aither
Senior Vice President - Energy Daly
Resources
Vice President - Operations Foote
Assistant Vice President - Weiss
Procurement
Senior Vice President - Financial & Siart
Central
Vice President - Finance & Collin
Administration
Controller Brock
Assistant Vice President - Smith
Technology
Senior Vice President - Business Gantz
Development
Assistant Vice President - Stewart
Market Pricing
Assistant Vice President - Zabetakis
Market Develop
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
METHODS OF ALLOCATION
See Page 38A
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
METHODS OF ALLOCATION
The cost of services rendered by UNITIL Service are
allocated and billed based on direct time charges and to a lesser
extent, direct cost assigned to individual projects or jobs
performed on behalf of associated companies in accordance with
the general guidelines set forth below.
A. Direct Labor Cost - Gross Wages. Direct Labor Cost -
Gross Wages are based on the actual gross wage rates of
assigned employees multiplied by the actual number of hours
worked and directly charged to specific projects or jobs.
B. Direct Labor Cost - Other. Direct Labor Cost - Other
includes the costs of paid absences, such as vacations, sick
pay and holidays, and are allocated by employee based on the
direct time charged to associated companies. In the event
there are no direct time charges available for this
allocation, the direct time charges of all UNITIL Service
employees are used to make this allocation.
C. General Overhead Costs, including Indirect Labor.
General Overhead Costs represent UNITIL Service Indirect
Labor Costs and Administrative and General Expenses, and are
allocated based on a monthly overhead rate applied against
direct time charges. Indirect Labor Costs include pension
costs, insurance, payroll taxes, employee savings plan, and
similar payroll and benefit items. Administrative and
General Expenses are those administrative and operating
expenses incurred by UNITIL Service in providing services to
associated companies which cannot be identified with or
directly charged to a specific project or job.
D. Direct Charges. Direct Charges are costs that are
directly assignable based on the individual projects or jobs
performed on behalf of associated companies, and are
excluded from General Overheads. Direct Charges are billed
at actual cost and include: Employee Travel, Meals,
Lodging, and Other Related Expenses, Data Management
Hardware Leases and Maintenance Costs, Telephone Lease, and
other miscellaneous expenses.
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED
Non applicable
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SIGNATURE CLAUSE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935 and the rules and regulations of the Securities and
Exchange Commission issued thereunder, the undersigned company has
duly caused this report to be signed on its behalf by the undersigned
officer thereunto duly authorized,
UNITIL Service Corp.
(Name of Reporting Company)
By: LARRY M. BROCK
(Signature of Signing Officer)
Laurence M. Brock, Controller
(Printed Name and Title of Signing Officer)
Date: APRIL 30, 1996
<TABLE> <S> <C>
<ARTICLE> OPUR2
<SUBSIDIARY>
<NUMBER> 07
<NAME> UNITIL SERVICE CORP.
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<PERIOD-TYPE> YEAR
<BOOK-VALUE> PER-BOOK
<S> <C>
<NET-SERVICE-COMPANY-PROPERTY> 1,267,559
<TOTAL-INVESTMENTS> 0
<TOTAL-CURRENT-ASSETS> 1,515,284
<TOTAL-DEFERRED-DEBITS> 208,304
<OTHER-ASSETS-AND-DEBITS> 0
<TOTAL-ASSETS-AND-DEBITS> 2,991,147
<TOTAL-PROPRIETARY-CAPITAL> 2,688
<TOTAL-LONG-TERM-DEBT> 0
<NOTES-PAYABLE> 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 611,852
<OTHER-CURR-AND-ACCRUED-LIAB> 2,122,898
<TOTAL-DEFERRED-CREDITS> 0
<DEFERRED-INCOME-TAX> (554,102)
<TOT-LIABIL-AND-PROPRIET-CAP> 2,991,147
<SERVICES-ASSOCIATE-COMPANIES> 8,710,699
<SERVICES-NON-ASSOCIATE-COMP> 30,000
<MISC-INCOME-OR-LOSS> 1,574
<TOTAL-INCOME> 8,742,273
<SALARIES-AND-WAGES> 4,734,570
<EMPLOYEE-PENSION-AND-BENEFIT> 994,124
<OTHER-EXPENSES> 3,013,579
<TOTAL-EXPENSES> 8,742,273
<NET-INCOME> 0
<TOTAL-EXPENSES-DIRECT-COST> 4,590,462
<TOTAL-EXPENSES-INDIRECT-COST> 4,151,811
<TOT-EXP-DIRECT-AND-INDIRECT> 8,742,273
<PERSONNEL-END-OF-YEAR> 92
</TABLE>
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