-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JVwWaNpwsfpnRgM3zfBRJ30IJalVcpITrCEfu5bZcYy6vkBkvHb6o9U0y9dcB0mq jD7BpE+opAZuhNpFrMmBFQ== 0001004858-98-000052.txt : 19981210 0001004858-98-000052.hdr.sgml : 19981210 ACCESSION NUMBER: 0001004858-98-000052 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEW CENTURY ENERGIES INC CENTRAL INDEX KEY: 0001004858 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 841334327 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: SEC FILE NUMBER: 070-09007 FILM NUMBER: 98766294 BUSINESS ADDRESS: STREET 1: 1225 17TH ST CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3035717511 MAIL ADDRESS: STREET 1: 1225 17TH ST CITY: DENVER STATE: CO ZIP: 80202 35-CERT 1 RULE 24 3RD QTR 98 FILING SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 - ----------------------------------------------------- In the Matter of CERTIFICATE New Century Energies, Inc. OF File No. 70-9007 NOTIFICATION (Public Utility Holding Company Act of 1935) - ---------------------------------------------------- This Certificate of Notification is filed by New Century Energies, Inc. ("NCE"), a Delaware corporation, pursuant to Rule 24. Such filing is made pursuant to NCE's Form U-1 Application-Declaration, as amended (the "Application-Declaration"), and the orders of the Securities and Exchange Commission (the "Commission") dated August 1, 1997 (HCAR No. 26750) (the "Order") and May 14, 1998 (HCAR No. 26872) in the above-referenced file. The Order directed that NCE file with the Commission certificates pursuant to Rule 24 on a quarterly basis within 60 days from the end of the first three quarters and within 90 days from the end of the last calendar quarter. As such, this certificate reports transactions from July 1, 1998 through September 30, 1998 (the "Third Quarter"). 1.) NCE common stock - New Issue None. 2.) NCE common stock - dividend reinvestment plan and employee benefit plans NCE issued 220,822 shares under its dividend reinvestment plan and 18,219 shares under its employee benefit plans. 3.) Guarantees issued The following guarantees were issued during the Third Quarter of 1998. Guarantor Benefiting Amount Matures Purpose Subsidiary - -------------------------------------------------------------------------------- NCE e prime, inc. $5,000,000 8/1/99 Energy purchases and financial contracts NCE e prime, inc. $2,000,000 8/7/99 Energy purchases and financial contracts NCE e prime, inc. $1,000,000 Continuing Energy purchases NCE e prime, inc. $2,000,000 8/1/99 Energy purchases and financial contracts NCE e prime, inc. $ 150,000 Continuing Energy purchases and financial contracts NCE e prime, inc. $2,000,000 Continuing Retail marketing NCE e prime, inc. $ 500,000 7/22/99 Energy purchases and financial contracts NCE e prime, inc. $2,000,000 8/10/99 Energy purchases and financial contracts NCE e prime, inc. $5,000,000 7/24/99 Energy purchases and financial contracts NCE e prime, inc. $1,000,000 8/31/99 Energy purchases and financial contracts NCE e prime, inc. $1,000,000 9/30/99 Energy purchases and financial contracts NCE e prime, inc. $1,000,000 7/24/99 Energy purchases and financial contracts NCE e prime, inc. $2,000,000 9/1/99 Energy purchases and financial contracts NCE e prime, inc. $ 500,000 9/1/99 Energy purchases and financial contracts 4.) Short term debt issued NCE borrows and repays short term debt on an on-going basis. As of September 30, 1998 NCE had $32,500,000 in short term debt outstanding at a weighted average cost of 5.67% and maturities ranging from October 1, 1998 to November 2, 1998. 5.) Financings consummated by any Utility Subsidiary not exempt under Rule 52 On an on-going basis Cheyenne Light Fuel and Power Company (Cheyenne) borrows and repays short-term debt to NCE. As of September 30, 1998 Cheyenne had $13,500,000 in short-term debt outstanding at a weighted average cost of 5.77%. 6.) Financings consummated by any Nonutility Subsidiary not exempt under Rule 52 Certain inter-company notes are issued and repaid on an on-going basis. As of September 30, 1998 the following such inter-company notes were outstanding: Amount Interest Lender Borrower Outstanding Maturity Rate - -------------------------------------------------------------------------------- NCE e prime, inc. $11,550,000 open 5.77% NCE New Century Services, $24,950,000 open 5.77% Inc. NCE New Century Enterprises, $ 6,300,000 open 5.77% Inc. NCE Natural Fuels Corporation $ 2,000,000 open 5.77% NC Enterprises, Planergy, Inc. $ 2,395,350 open 5.77% Inc. e prime, inc. Texas-Ohio Gas, Inc. $ 8,550,000 open 5.77% 7.) Forms U-6B-2 filed with the Commission None 8.) Financing Entities None 9.) Balance Sheets The consolidated balance sheet of NCE as of June 30, 1998 is incorporated by reference. Such balance sheet was filed with NCE's Form 10-Q for June 30, 1998 (file number 1-12927). The following balance sheets as of June 30, 1998 are attached as: Exhibit 1 Cheyenne Light Fuel and Power Company Exhibit 2 New Century Services Exhibit 3 New Century Enterprises, Inc. and Subsidiaries Exhibit 4 New Century Enterprises, Inc. - Stand Alone Exhibit 5 Natural Fuels Corporation Exhibit 6 e prime, inc. and subsidiaries Exhibit 7 e prime, inc. - Stand Alone Exhibit 8 Texas-Ohio Gas, Inc. Exhibit 9 Planergy, Inc. 10.) Registration Statements None New Century Energies, Inc. Dated: December 9, 1998 By: /s/ Michael D. Pritchard ------------------------- Michael D. Pritchard Assistant Treasurer CHEYENNE LIGHT FUEL AND POWER COMPANY Exhibit 1 UNAUDITED BALANCE SHEET (Thousands of Dollars) September 30, 1998 ASSETS Property, plant and equipment, at cost: 101,934 Less: accumulated depreciation (32,209) ---------- Total property, plant and equipment 69,725 ---------- Investments, at cost: 11 ---------- Current assets: Cash and temporary cash investments 257 Accounts receivable 2,621 Accrued unbilled revenues 867 Recoverable purchased gas and electric energy costs - net 2,503 Materials and supplies, at average cost 602 Gas in underground storage, at cost (LIFO) 1,072 Prepaid expenses and other (366) ---------- Total current assets 7,556 ---------- Deferred charges: Regulatory assets 486 Unamortized debt expense 619 Other 575 ---------- Total deferred charges 1,680 ---------- Total assets 78,972 ========== CAPITAL AND LIABILITIES Common stock 3,000 Retained earnings (deficit) 18,705 ---------- Total common equity 21,705 Long-term debt 29,000 ---------- Total capital 50,705 ---------- Noncurrent liabilities 1,124 Current liabilities: Notes payable and commercial paper 13,500 Accounts payable 3,911 Customers' deposits 297 Accrued taxes 522 Accrued interest 322 Current portion of accumulated deferred income taxes 567 Other 990 ---------- Total current liabilities 20,109 ---------- Deferred credits: Customers' advances for construction 803 Unamortized investment tax credits 1,267 Accumulated deferred income taxes 4,933 Other 31 ---------- Total deferred credits 7,034 ---------- Total capital & liabilities 78,972 ========== NEW CENTURY SERVICES Exhibit 2 UNAUDITED CONSOLIDATED BALANCE SHEET (Thousands of Dollars) September 30, 1998 ASSETS Property, plant and equipment, at cost: (88) ------------ Current assets: Cash and temporary cash investments 691 Accounts receivable 24,760 Accrued taxes receivable 4,243 Prepaid expenses and other 18,756 ------------ Total current assets 48,450 ------------ Deferred charges: (794) ------------ Total assets 47,568 ============ CAPITAL AND LIABILITIES Common stock 1 Retained earnings (deficit) 59 ------------ Total capital 60 ------------ Noncurrent liabilities ------------ Current liabilities: Notes payable and commercial paper 24,950 Long-term debt due within one year Accounts payable 7,222 Other 9,431 ------------ Total current liabilities 41,603 ------------ Deferred credits: Accumulated deferred income taxes 3,039 Other 2,866 ------------ Total deferred credits 5,905 ------------ Total capital & liabilities 47,568 ============ NEW CENTURY ENTERPRISES, INC. AND SUBSIDIARIES Exhibit 3 UNAUDITED CONSOLIDATED BALANCE SHEET (Thousands of Dollars) September 30, 1998 ASSETS Property, plant and equipment, at cost: 51,814 Less: accumulated depreciation (21,255) ---------- Total property, plant and equipment 30,559 ---------- Investments, at cost: Investment in unconsolidated subsidiaries 301,460 Other 39,206 ---------- Total investments 340,666 ---------- Current assets: Cash and temporary cash investments 33,777 Accounts receivable 73,102 Notes receivable from associated companies 9,000 Materials and supplies 4,335 Prepaid expenses and other 8,032 ---------- Total current assets 128,246 ---------- Deferred charges: 43,283 ---------- Total assets 542,754 ========== CAPITAL AND LIABILITIES Common stock 45,366 Retained earnings (deficit) (6,677) ---------- Total common equity 38,689 Long-term debt 4,036 Notes payable to associated companies 417,956 ---------- Total capital 460,681 ---------- Noncurrent liabilities 75 Current liabilities: Notes payable and commercial paper 13,550 Long-term debt due within one year 587 Accounts payable 24,824 Accounts payable - associated companies 7,957 Customers' deposits 520 Accrued taxes 3,037 Current portion of accumulated deferred income taxes (24) Other 12,965 ---------- Total current liabilities 63,416 ---------- Deferred credits: Accumulated deferred income taxes 16,451 Other 2,131 ---------- Total deferred credits 18,582 ---------- Total capital & liabilities 542,754 ========== NEW CENTURY ENTERPRISES, INC. Exhibit 4 UNAUDITED BALANCE SHEET - STAND ALONE (Thousands of Dollars) September 30, 1998 ASSETS Investments, at cost: 466,406 Current assets: Cash and temporary cash investments 20 Accounts receivable 2,439 ------------ Total current assets 2,459 ------------ Deferred charges 153 ------------ Total assets 469,018 ============ CAPITAL AND LIABILITIES Common stock 45,366 Retained earnings (deficit) (6,677) ------------ Total common equity 38,689 Notes payable to associated companies 417,956 ------------ Total capital 456,645 ------------ Current liabilities: Accounts payable to associated companies 11,760 Accrued taxes 613 ------------ Total current liabilities 12,373 ------------ Total capital & liabilities 469,018 ============ NATURAL FUELS Exhibit 5 UNAUDITED CONSOLIDATED BALANCE SHEETS (Thousands of Dollars) September 30, 1998 ASSETS Property, plant and equipment, at cost: 6,007 Less: accumulated depreciation (2,069) ------------ Total property, plant and equipment 3,938 ------------ Investments, at cost: 496 ------------ Current assets: Cash and temporary cash investments 546 Accounts receivable 3,661 Materials and supplies 1,619 Prepaid expenses and other 41 ------------ Total current assets 5,867 ------------ Deferred charges: (112) ------------ Total assets 10,189 ============ CAPITAL AND LIABILITIES Common stock 15,680 Retained earnings (deficit) (11,467) ------------ Total common equity 4,213 Long-term debt 3 ------------ Total capital 4,216 ------------ Current liabilities: Notes payable and commercial paper 2,000 Long-term debt due within one year 22 Accounts payable 2,005 Current portion of accumulated deferred income taxes (24) Other 736 ------------ Total current liabilities 4,739 ------------ Deferred credits: Accumulated deferred income taxes 842 Other 392 ------------ Total deferred credits 1,234 ------------ Total capital & liabilities 10,189 ============ Note that the amounts reflect August 31, 1998 balances which are included in the September 30, 1998 consolidation as Natural Fuels operates on a one month lag. E PRIME, INC. AND SUBSIDIARIES Exhibit 6 UNAUDITED CONSOLIDATED BALANCE SHEETS (Thousands of Dollars) September 30, 1998 ASSETS Property, plant and equipment, at cost: 4,595 Less: accumulated depreciation (948) ------------ Total property, plant and equipment 3,647 ------------ Investments, at cost: Investment in unconsolidated subsidiaries 7,860 Other 935 ------------ Total investments 8,795 ------------ Current assets: Cash and temporary cash investments 3,188 Accounts receivable 31,315 Materials and supplies 1,052 Prepaid expenses and other 224 ------------ Total current assets 35,779 ------------ Deferred charges 13,010 ------------ Total assets 61,231 ============ CAPITAL AND LIABILITIES Common stock 27,199 Retained earnings (deficit) (8,184) ------------ Total common equity 19,015 Long-term debt 101 ------------ Total capital 19,116 ------------ Current liabilities: Notes payable and commercial paper 11,550 Long-term debt due within one year 102 Accounts payable 22,654 Customers' deposits 509 Accrued taxes 285 Other 1,361 ------------ Total current liabilities 36,461 ------------ Deferred credits: Accumulated deferred income taxes 5,654 ------------ Total deferred credits 5,654 ------------ Total capital & liabilities 61,231 ============ E PRIME, INC. Exhibit 7 UNAUDITED BALANCE SHEET - STAND ALONE (Thousands of Dollars) September 30, 1998 ASSETS Property, plant and equipment, at cost: 1,594 Less: accumulated depreciation (543) ------------ Total property, plant and equipment 1,051 ------------ Investments, at cost: Investment in unconsolidated subsidiaries 17,821 Other 935 ------------ Total investments 18,756 ------------ Current assets: Cash and temporary cash investments 2,773 Accounts receivable 19,767 Prepaid expenses and other 8,762 ------------ Total current assets 31,302 ------------ Deferred charges 229 ------------ Total assets 51,338 ============ CAPITAL AND LIABILITIES Common stock 27,199 Retained earnings (deficit) (8,184) ------------ Total common equity 19,015 Long-term debt 101 ------------ Total capital 19,116 ------------ Current liabilities: Notes payable and commercial paper 11,550 Long-term debt due within one year 102 Accounts payable 20,222 Accrued taxes 193 Other 150 ------------ Total current liabilities 32,217 ------------ Deferred credits 5 ------------ Total capital & liabilities 51,338 ============ TEXAS OHIO GAS, INC. Exhibit 8 UNAUDITED CONSOLIDATED BALANCE SHEETS (Thousands of Dollars) September 30, 1998 ASSETS Property, plant and equipment, at cost: 894 Less: accumulated depreciation (132) ------------ Total property, plant and equipment 762 ------------ Current assets: Cash and temporary cash investments 386 Accounts receivable 17,812 Materials and supplies 1,052 Prepaid expenses and other 12 ------------ Total current assets 19,262 ------------ Deferred charges 12,266 ------------ Total assets 32,290 ============ CAPITAL AND LIABILITIES Common stock 11,388 Retained earnings (deficit) (6,579) ------------ Total capital 4,809 ------------ Current liabilities: Notes payable and commercial paper 8,550 Accounts payable 12,901 Customers' deposits 509 Accrued taxes 76 Other 1,211 ------------ Total current liabilities 23,247 ------------ Deferred credits 4,234 ------------ Total capital & liabilities 32,290 ============ PLANERGY Exhibit 9 UNAUDITED BALANCE SHEET (Thousands of Dollars) September 30, 1998 ASSETS Property, plant and equipment, at cost: 2,872 Less: accumulated depreciation (361) ------------ Total property, plant and equipment 2,511 ------------ Investments, at cost: 316 ------------ Current assets: Cash and temporary cash investments 204 Accounts receivable 1,851 Materials and supplies, at average cost 208 Prepaid expenses and other 1,433 ------------ Total current assets 3,696 ------------ Deferred charges: Unamortized debt expense 162 Other 23,177 ------------ Total deferred charges 23,339 ------------ Total assets 29,862 ============ CAPITAL AND LIABILITIES Common stock 14,000 Retained earnings (de ficit) (884) ------------ Total common equity 13,116 Long-term debt 3,931 ------------ Total capital 17,047 ------------ Current liabilities: Long-term debt due within one year 462 Accounts payable 2,890 Other 1,318 ------------ Total current liabilities 4,670 ------------ Deferred credits: Accumulated deferred income taxes 7,839 Other 306 ------------ Total deferred credits 8,145 ------------ Total capital & liabilities 29,862 ============ -----END PRIVACY-ENHANCED MESSAGE-----