SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
- ---------------------------------------------
In the Matter of :
:
EUA ENERGY INVESTMENT CORPORATION :
(EUA ENERGY) :
BOSTON, MA : Certificate of
: Notification
: Pursuant to Rule 24,
: Interim Report
:
(70-8617) :
:
(Public Utility Holding Company Act of 1935):
- ---------------------------------------------
In accordance with the terms and conditions of Rule 24 under
the Public Utility Holding Company Act of 1935, and the Orders of
the Commission dated April 16, 1998 Release No. 35-26858, November 14, 1996
Release No. 35-26604, June 21, 1995 Release No. 35-26314 (the "Orders")
authorizing transactions as more fully described in the Application-
Declaration as amended (the "Application"), the undersigned hereby encloses
herewith for filing pursuant to the above-referenced Orders the information
required to be filed by said Orders.
EUA Energy Investment has ceased operations of EUA BIOTEN, therefore,
below is the final report for BIOTEN General Partnership pursuant to Rule 24.
Very truly yours,
EUA ENERGY INVESTMENT CORPORATION
By: /s/ Clifford J. Hebert, Jr.
Clifford J. Hebert, Jr.
Treasurer
Dated: August 27, 1999
BIOTEN GENERAL PARTNERSHIP
SECOND QUARTER 1999
(i) EUA BIOTEN recently received a letter of intent from a third party which,
among other things, would finance the purchase of EUA BIOTEN's assets by
its management. As a result, EUA Energy Investment recorded an after-tax
charge to its earnings of approximately $9.4 million in the second
quarter of 1999. As a result, EUA Energy Investment no longer has an
investment in BIOTEN Partnership.
(ii) EUA Energy Investment advanced $250,000 in loans to BIOTEN in the second
quarter of 1999. On a cumulative basis EUA Energy has invested
$14,492,543 in BIOTEN, which includes amounts funded under the Research
and Development Agreement prior to the formation of the Partnership.
(iii) Services were provided by 3 EUA Service Corporation staff personnel in
the following areas:
a. Marketing and planning
b. Budgeting and funding requirements
c. Construction management & scheduling
(iv) EUA Energy Investment has ceased operations of BIOTEN, therefore, no
financial information is presented herewith.
