-----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, WFhD89KiOyaIJJ7PEbAqtrMKF13LRdjAdR6PxjiYQQDIM5AJjtH03HIdBW2h61oQ Kfa4DIdXWjllyfgBHsS8Fg== 0001004858-99-000032.txt : 19990402 0001004858-99-000032.hdr.sgml : 19990402 ACCESSION NUMBER: 0001004858-99-000032 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990331 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: 99582323 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 4TH 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 October 1, 1998 through December 31, 1998 (the "Fourth Quarter"). 1.) NCE common stock - New Issue NCE issued 2,500,000 shares of common stock, par value $.01 on November 4, 1998 ("Common Stock"). On November 4, 1998, the purchase price of the Common Stock was $46.80 per share and the market price of the Common Stock was $48.4375 per share. 2.) NCE common stock - dividend reinvestment plan and employee benefit plans NCE issued 188,695 shares under its dividend reinvestment plan and 71,118 shares under its employee benefit plans. 3.) Guarantees issued The following guarantees were issued during the Fourth Quarter of 1998. Guarantor Benefiting Amount Matures Purpose Subsidiary - -------------------------------------------------------------------------------- NCE e prime, inc. $1,000,000 10/01/99 Energy purchases and financial contracts NCE e prime, inc. $2,000,000 10/05/99 Energy purchases and financial contracts NCE e prime, inc. $ 500,000 10/05/99 Energy purchases financial contracts NCE e prime, inc. $1,500,000 10/08/99 Energy purchases and financial contracts NCE e prime, inc. $1,000,000 10/31/99 Energy purchases and financial contracts NCE e prime, inc. $ 500,000 10/13/99 Energy purchases and financial contracts NCE e prime, inc. $1,000,000 10/31/99 Energy purchases and financial contracts NCE e prime, inc. $3,000,000 11/23/99 Energy purchases and financial contracts NCE e prime, inc. $5,000,000 11/30/99 Energy purchases and financial contracts NCE e prime, inc. $2,000,000 12/03/99 Energy purchases and financial contracts NCE e prime, $2,000,000 12/31/99 Energy purchases inc./Texas-Ohio Gas and financial contracts NCE e prime, inc. $ 100,000 Continuing Energy purchases and financial contracts 4.) Short term debt issued NCE borrows and repays short-term debt on an on-going basis. As of December 31, 1998 NCE had $36,450,000 in short-term debt outstanding at a cost of 6.113% and maturities ranging from January 4, 1999 to January 6, 1999. 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 December 31, 1998 Cheyenne had $15,875,000 in short-term debt outstanding at a cost of 5.32%. 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 December 31, 1998 the following such inter-company notes were outstanding: Amount Interest Lender Borrower Outstanding Maturity Rate - -------------------------------------------------------------------------------- NC Enterprises, e prime, inc. $10,900,000 Open 5.32% Inc. NCE New Century Services, $25,150,000 Open 5.32% Inc. NCE New Century $19,475,000 Open 5.32% Enterprises, Inc. NC Enterprises, Natural Fuels $ 2,000,000 Open 5.32% Inc. Corporation NC Enterprises, Planergy, Inc. $ 2,481,350 Open 5.32% Inc. e prime, inc. Texas-Ohio Gas, Inc. $11,550,000 Open 5.32% 7.) Forms U-6B-2 filed with the Commission Filing Entity Date Filed Securities Issued - -------------------------------------------------------------------------------- Public Service Company of 11/25/98 PS Colorado Credit Colorado Corporation Medium-Term Notes Public Service Company of 12/01/98 PS Colorado Credit Colorado Corporation Medium-Term Notes 8.) Balance Sheets The consolidated balance sheet of NCE as of December 31, 1998 is incorporated by reference. Such balance sheet was filed with NCE's Form 10-K for December 31, 1998 (file number 1-12927). The following balance sheets as of December 31, 1998 are attached as: Exhibit 1 Cheyenne Light Fuel and Power Company Exhibit 2 New Century Services, Inc. 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 Balance Sheet of Planergy, Inc. filed under confidential treatment pursuant to Rule 104 (b). 9.) Registration Statements None New Century Energies, Inc. Dated: March 31, 1999 By: /s/ Nancy E. Felker -------------------- Nancy E. Felker Assistant Treasurer CHEYENNE LIGHT FUEL AND POWER COMPANY Exhibit 1 UNAUDITED BALANCE SHEET (Thousands of Dollars) December 31, 1998 ASSETS Property, plant and equipment, at cost: 104,702 Less: accumulated depreciation (32,691) ----------- Total property, plant and equipment 72,011 ----------- Investments, at cost: 11 ----------- Current assets: Cash and temporary cash investments 690 Accounts receivable 3,312 Accrued unbilled revenues 1,192 Recoverable purchased gas and electric energy costs - net 3,393 Materials and supplies, at average cost 587 Gas in underground storage, at cost (LIFO) 845 Prepaid expenses and other 21 ----------- Total current assets 10,040 ----------- Deferred charges: Regulatory assets 549 Unamortized debt expense 613 Other 651 ----------- Total deferred charges 1,813 ----------- Total assets 83,875 =========== CAPITAL AND LIABILITIES Common stock 3,000 Retained earnings (deficit) 19,011 ----------- Total common equity 22,011 Long-term debt 29,000 ----------- Total capital 51,011 ----------- Noncurrent liabilities 734 ----------- Current liabilities: Notes payable and commercial paper 15,875 Accounts payable 6,858 Customers' deposits 292 Accrued taxes (84) Accrued interest 401 Current portion of accumulated deferred income taxes 269 Other 884 ----------- Total current liabilities 24,495 ----------- Deferred credits: Customers' advances for construction 779 Unamortized investment tax credits 1,248 Accumulated deferred income taxes 5,575 Other 33 ----------- Total deferred credits 7,635 ----------- Total capital & liabilities 83,875 =========== NEW CENTURY SERVICES, INC. Exhibit 2 UNAUDITED CONSOLIDATED BALANCE SHEET (Thousands of Dollars) December 31, 1998 ASSETS Property, plant and equipment, at cost (118) ----------- Current assets: Cash and temporary cash investments 451 Accounts receivable 32,638 Accrued taxes receivable 598 Prepaid expenses and other 20,910 ----------- Total current assets 54,597 ----------- Deferred charges 1,366 ----------- Total assets 55,845 =========== CAPITAL AND LIABILITIES Common stock 1 Retained earnings (deficit) - ----------- Total capital 1 ----------- Current liabilities: Notes payable and commercial paper 25,150 Accounts payable 11,593 Other 14,103 ----------- Total current liabilities 50,846 ----------- Deferred credits: Accumulated deferred income taxes 1,376 Other 3,622 ----------- Total deferred credits 4,998 ----------- Total capital & liabilities 55,845 =========== NEW CENTURY ENTERPRISES, INC. AND SUBSIDIARIES Exhibit 3 UNAUDITED CONSOLIDATED BALANCE SHEET (Thousands of Dollars) December 31, 1998 ASSETS Property, plant and equipment, at cost 46,438 Less: accumulated depreciation (20,453) ----------- Total property, plant and equipment 25,985 ----------- Investments, at cost: Investment in unconsolidated subsidiaries 340,874 Other 37,022 ----------- Total investments 377,896 ----------- Current assets: Cash and temporary cash investments 33,018 Accounts receivable 101,063 Notes receivable from associated companies 9,000 Accrued taxes receivable 9,506 Materials and supplies 3,860 Prepaid expenses and other 10,890 ----------- Total current assets 167,337 ----------- Deferred charges 52,829 ----------- Total assets 624,047 =========== CAPITAL AND LIABILITIES Common stock 155,366 Retained earnings (deficit) 22,036 Accumulated comprehensive income 7,764 ----------- Total common equity 185,166 Long-term debt 2,796 Notes payable to associated companies 331,131 ----------- Total capital 519,093 ----------- Noncurrent liabilities 81 ----------- Current liabilities: Notes payable and commercial paper Long-term debt due within one year 3,571 Accounts payable 31,605 Accounts payable - associated companies 27,905 Customers' deposits 694 Current portion of accumulated deferred income taxes (195) Other 18,914 ----------- Total current liabilities 82,494 ----------- Deferred credits: Accumulated deferred income taxes 20,717 Other 1,662 ----------- Total deferred credits 22,379 ----------- Total capital & liabilities 624,047 =========== NEW CENTURY ENTERPRISES, INC. Exhibit 4 UNAUDITED BALANCE SHEET - STAND ALONE (Thousands of Dollars) December 31, 1998 ASSETS Investments, at cost: Investment in unconsolidated subsidiaries 518,078 Notes receivable from associated companies 2,000 ----------- Total investments 520,078 ----------- Current assets: Cash and temporary cash investments 91 Accounts receivable 2,616 Notes receivable from associated companies 10,900 Accrued taxes receivable 325 ----------- Total current assets 13,932 ----------- Deferred charges 174 ----------- Total assets 534,184 =========== CAPITAL AND LIABILITIES Common stock 155,366 Retained earnings (deficit) 22,036 Accumulated comprehensive income 7,764 ----------- Total common equity 185,166 Notes payable to associated companies 331,131 ----------- Total capital 516,297 ----------- Current liabilities: Accounts payable to associated companies 17,887 ----------- Total current liabilities 17,887 ----------- Total capital & liabilities 534,184 =========== NATURAL FUELS CORPORATION Exhibit 5 UNAUDITED CONSOLIDATED BALANCE SHEETS (Thousands of Dollars) December 31, 1998 ASSETS Property, plant and equipment, at cost: 6,027 Less: accumulated depreciation (2,208) ----------- Total property, plant and equipment 3,819 ----------- Investments, at cost: 474 ----------- Current assets: Cash and temporary cash investments 445 Accounts receivable 4,017 Materials and supplies 1,505 Prepaid expenses and other 64 ----------- Total current assets 6,031 ----------- Deferred charges: (120) ----------- Total assets 10,204 =========== CAPITAL AND LIABILITIES Common stock 15,680 Retained earnings (deficit) (11,677) ----------- Total common equity 4,003 Long-term debt 5 ----------- Total capital 4,008 ----------- Current liabilities: Notes payable and commercial paper 2,000 Long-term debt due within one year 15 Accounts payable 2,548 Current portion of accumulated deferred income taxes (23) Other 692 ----------- Total current liabilities 5,232 ----------- Deferred credits: Accumulated deferred income taxes 846 Other 118 ----------- Total deferred credits 964 ----------- Total capital & liabilities 10,204 =========== Note that the amounts reflect November 30, 1998 balances which are included in the December 31, 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) December 31, 1998 ASSETS Property, plant and equipment, at cost: 3,350 Less: accumulated depreciation (986) ----------- Total property, plant and equipment 2,364 ----------- Investments, at cost: Investment in unconsolidated subsidiaries 7,805 Other 870 ----------- Total investments 8,675 ----------- Current assets: Cash and temporary cash investments 4,478 Accounts receivable 49,292 Accrued taxes receivable 381 Materials and supplies 1,116 Prepaid expenses and other 225 ----------- Total current assets 55,492 ----------- Deferred charges 15,351 ----------- Total assets 81,882 =========== CAPITAL AND LIABILITIES Common stock 37,198 Retained earnings (deficit) (9,366) ----------- Total common equity 27,832 Long-term debt 61 ----------- Total capital 27,893 ----------- Current liabilities: Notes payable and commercial paper 10,900 Long-term debt due within one year 115 Accounts payable 27,498 Customers' deposits 683 Other 8,969 ----------- Total current liabilities 48,165 ----------- Deferred credits: Accumulated deferred income taxes 5,824 ----------- Total deferred credits 5,824 ----------- Total capital & liabilities 81,882 =========== E PRIME, INC. Exhibit 7 UNAUDITED BALANCE SHEET - STAND ALONE (Thousands of Dollars) December 31, 1998 ASSETS Property, plant and equipment, at cost: 1,725 Less: accumulated depreciation (651) ----------- Total property, plant and equipment 1,074 ----------- Investments, at cost: Investment in unconsolidated subsidiaries 15,183 Other 870 ----------- Total investments 16,053 ----------- Current assets: Cash and temporary cash investments 3,907 Accounts receivable 27,571 Notes receivable from associated companies 11,550 Prepaid expenses and other 436 ----------- Total current assets 43,464 ----------- Deferred charges 202 ----------- Total assets 60,793 =========== CAPITAL AND LIABILITIES Common stock 37,198 Retained earnings (deficit) (9,366) ----------- Total common equity 27,832 Long-term debt 61 ----------- Total capital 27,893 ----------- Current liabilities: Notes payable and commercial paper 10,900 Long-term debt due within one year 115 Accounts payable 20,193 Other 1,710 ----------- Total current liabilities 32,918 ----------- Deferred credits (18) ----------- Total capital & liabilities 60,793 =========== TEXAS OHIO GAS, INC. Exhibit 8 UNAUDITED CONSOLIDATED BALANCE SHEETS (Thousands of Dollars) December 31, 1998 ASSETS Property, plant and equipment, at cost: 991 Less: accumulated depreciation (181) ----------- Total property, plant and equipment 810 ----------- Current assets: Cash and temporary cash investments 565 Accounts receivable 25,954 Accrued taxes receivable 381 Materials and supplies 844 Prepaid expenses and other 61 ----------- Total current assets 27,805 ----------- Deferred charges 13,304 ----------- Total assets 41,919 =========== CAPITAL AND LIABILITIES Common stock 11,388 Retained earnings (deficit) (7,802) ----------- Total capital 3,586 ----------- Current liabilities: Notes payable and commercial paper 11,550 Accounts payable 14,373 Customers' deposits 673 Other 7,252 ----------- Total current liabilities 33,848 ----------- Deferred credits 4,485 ----------- Total capital & liabilities 41,919 =========== -----END PRIVACY-ENHANCED MESSAGE-----