-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, YN9Mi9JmD0vFHi4yhW4h9ltF4+LrjSvJUjWBrQw4EDgEnj0Eknz7dhKBP+kBImGo B3Lb+UvVQs7RMw2KrD+4IA== 0000310103-94-000021.txt : 19940414 0000310103-94-000021.hdr.sgml : 19940414 ACCESSION NUMBER: 0000310103-94-000021 CONFORMED SUBMISSION TYPE: U-3A-2/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19931231 FILED AS OF DATE: 19940412 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONNECTICUT ENERGY CORP CENTRAL INDEX KEY: 0000310103 STANDARD INDUSTRIAL CLASSIFICATION: 4924 IRS NUMBER: 060869582 STATE OF INCORPORATION: CT FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: U-3A-2/A SEC ACT: 1935 Act SEC FILE NUMBER: 069-00244 FILM NUMBER: 94522297 BUSINESS ADDRESS: STREET 1: 855 MAIN STREET CITY: BRIDGEPORT STATE: CT ZIP: 06604 BUSINESS PHONE: 2033828111 MAIL ADDRESS: STREET 1: 855 MAIN ST STREET 2: 855 MAIN ST CITY: BRIDGEPORT STATE: CT ZIP: 06604 U-3A-2/A 1 File No. 69-244 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. FORM U-3A-2/A Statement by Holding Company Claiming Exemption Under Rule U-3A-2 from the Provisions of the Public Utility Holding Company Act of 1935 To Be Filed Annually Prior to March 1 CONNECTICUT ENERGY CORPORATION (Name of Company) hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information: 1(a) The name, State of organization, location and nature of business of the claimant and every subsidiary thereof, other than any exempt wholesale generator ("EWG") or foreign utility company in which the claimant directly or indirectly holds an interest are as follows: The name of the claimant is Connecticut Energy Corporation (the "claimant"). The claimant is incorporated under the laws of the State of Connecticut. Its principal place of business and executive offices are located at 855 Main Street, Bridgeport, Connecticut 06604. The claimant is not an operating company. The business of the claimant consists of investing in, disposing of, buying, selling and otherwise dealing in the stock, bonds, securities and properties of the other corporations listed below in 1(b). 1(b) The name, State of organization, location and nature of business of every subsidiary of the claimant thereof, other than any exempt wholesale generator ("EWG") or foreign utility company in which the claimant directly or indirectly holds an interest are as follows: (i) The Southern Connecticut Gas Company ("Southern"). Southern is incorporated under the laws of the State of Connecticut and has its executive offices at 855 Main Street, Bridgeport, Connecticut 06604. Southern is engaged in the retail distribution and sale of natural gas for domestic, commercial and industrial uses in southern Connecticut, primarily in the New Haven and Bridgeport areas. Incidental to the sale of gas, Southern sells gas water heaters, space heaters and air conditioners. Southern is subject to the jurisdiction of the Connecticut Department of Public Utility Control as to accounting, rates, charges, certain operating matters and the issuance of securities other than borrowings maturing in twelve months or less. (ii) SCG Gas Quest, Inc. ("Quest"). Quest is incorporated under the laws of the State of Connecticut and has its executive offices located at 855 Main Street, Bridgeport, Connecticut 06604. Quest was engaged in the exploration, drilling for, production and development of oil and gas reserves located in western New York state. There has not been any drilling activity within the last seven years, and as of February 1993, these operations have been sold and the corporation has been dissolved. (iii) SCG Pipelines, Inc. ("Pipelines"). Pipelines is incorporated under the laws of the State of Connecticut and has its executive offices located at 855 Main Street, Bridgeport, Connecticut 06604. Pipelines was engaged in the transportation of natural gas, primarily from fields where it is discovered by Quest and other parties to points where it can interconnect with an interstate pipeline. Such activities were taking place in the State of New York. As of February 1993, these operations have been sold and the corporation has been dissolved. 2. A brief description of the properties of the claimant and each of its subsidiary public utility companies is as follows: (a) The claimant -- The claimant has no properties other than the common stock of the subsidiaries described above in 1(b). (b) Southern -- A major portion of Southern's physical assets consists of gas distribution facilities. As of December 31, 1993, Southern had 2,051 miles of main and 118,098 service connections. Southern leases its corporate headquarters building in Bridgeport and leases an operating facility in Orange. It also owns a propane air facility in Trumbull and certain properties in Bridgeport and New Haven that were formally utilized as operating facilities. Southern leases an LNG plant in Milford. All of such assets of Southern are located in the State of Connecticut. Substantially all of Southern's utility properties and plant are subject to the lien of the indenture securing its first mortgage bonds. Southern has no producing fields, gas manufacturing plants, or pipelines which receive gas at the Connecticut border. 3. During the last calendar year and to date, only Southern has been an operating public utility company, and the following figures, therefore, relate to it alone: (a) During the calendar year 1993, Southern sold 27,408,628 MCF of natural or manufactured gas at retail. (b) None (c) None (d) None 4. The following information for the reporting period with respect to the claimant and each interest it holds directly or indirectly in an EWG or foreign utility company: (a) None (b) None (c) None (d) None (e) None EXHIBIT A Attached as Exhibit A is a consolidating statement of income and surplus of the claimant and its subsidiary companies for calendar year 1993, together with a consolidating balance sheet of the claimant and its subsidiary companies as of the close of such calendar year. EXHIBIT B Financial Data Schedule At the time of this filing, a Financial Data Schedule is not required. EXHIBIT C Organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system: Not applicable. The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officers on this 6th day of April, 1994. CONNECTICUT ENERGY CORPORATION (Name of Claimant) By /s/ Vincent L. Ammann, Jr. Vincent L. Ammann, Jr., Vice President and Chief Accounting Officer (Corporate Seal) Attest: /s/ Carol A. Forest Carol A. Forest, Vice President, Finance, Chief Financial Officer and Treasurer Name, title and address of officer to whom notices and correspondence concerning this statement should be addressed: Vincent L. Ammann, Jr., Vice President and Chief Accounting Officer (Name) (Title) Connecticut Energy Corporation, 855 Main Street, Bridgeport, Connecticut 06604 (Address) EX-2 2 EXHIBIT CONNECTICUT ENERGY CORPORATION CONSOLIDATING INCOME STATEMENT DECEMBER 31, 1993 EXHIBIT A
ADJUSTMENTS SOUTHERN SCG SCG CEC ELIMINATIONS TOTAL ACCOUNT DESCRIPTION CT GAS GAS QUEST PIPELINES HOLDING DEBIT CREDIT CEC OPERATING REVENUES $215,288,944 $ 24,671 $215,313,615 PURCHASED GAS 114,849,465 114,849,465 - ------------------------------------------------------------------------------------------------------------------- GROSS INCOME 100,439,479 24,671 100,464,150 OPERATING EXPENSES OPERATIONS 42,318,370 22,831 443 7,715 42,349,359 MAINTENANCE 3,681,029 3,681,029 DEPN/DEPLN/AMORTZTN. 12,249,319 12,249,319 TAXES OTHER THAN INCOME 15,679,059 (1,073) 15,677,986 CCBT - CURRENT 311,842 6,345 16 12,234 330,437 FED INCOME TAXES-CURRENT 1,223,518 60,338 70,278 30,065 1,384,199 FED INCOME TAXES-DEFERRED 1,960,808 182,476 2,143,284 - ------------------------------------------------------------------------------------------------------------------- TOTAL OPERATING EXPENSES 77,423,945 89,514 69,664 50,014 182,476 77,815,613 OPERATING INCOME 23,015,534 (64,843) (69,664) (50,014) (182,476) 22,648,537 ALLOW FOR FUNDS DUR CONST 155,963 155,963 OTHER, NET (242,388) 108,471 108,471 182,476 (59,912) LEASED LAND INCOME 21,471 21,471 - ------------------------------------------------------------------------------------------------------------------- TOTAL INCOME 22,950,580 (64,843) (69,664) 58,457 (290,947) 182,476 22,766,059 INCOME DEDUCTIONS INT ON L.T. DEBT & AMORT 10,362,837 10,362,837 OTHER INTEREST, NET 1,475,303 108,471 1,366,832 SUB PREFERRED ST DIV 31,272 31,272 MISC INCOME DEDUCT 722,263 30,878 37,023 790,164 - ------------------------------------------------------------------------------------------------------------------- TOTAL OTHER DEDUCTIONS 12,591,675 30,878 37,023 108,471 12,551,105 NET INCOME TO COMMON $ 10,358,905 $ (95,721) $(106,687) $ 58,457 $(290,947) $290,947 $ 10,214,954 ============ ========== ========== ======== ========== ======== ============
CONNECTICUT ENERGY CORPORATION CONSOLIDATING BALANCE SHEET DECEMBER 31, 1993 EXHIBIT A
ADJUSTMENTS SOUTHERN CEC ELIMINATIONS TOTAL ACCOUNT DESCRIPTION CT GAS HOLDING DEBIT CREDIT CEC ASSETS: UTILITY PLANT INTANGIBLES $ 140,693 $ 140,693 PRODUCTION 3,313,637 3,313,637 STORAGE 6,093,515 6,093,515 DISTRIBUTION 283,544,732 283,544,732 GENERAL 22,871,018 22,871,018 - --------------------------------------------------------------------------------------------------------------------- SUB TOTAL 315,963,595 315,963,595 CONST. WORK IN PROGRESS 2,511,274 2,511,274 NON UTILITY PROPERTY 9,436 9,436 - --------------------------------------------------------------------------------------------------------------------- TOTAL PP&E 318,484,305 318,484,305 LESS: ACCUM. DEPN. 95,124,792 95,124,792 - --------------------------------------------------------------------------------------------------------------------- NET PP&E 223,359,513 223,359,513 CURRENT ASSETS CASH 757,373 2,390,161 3,147,534 ACCOUNTS RECEIVABLE TRADE 35,676,164 35,676,164 OTHER 719,876 227,712 947,588 INTERCOMPANY 32,747 32,747 - --------------------------------------------------------------------------------------------------------------------- SUBTOTAL 36,428,787 227,712 32,747 36,623,752 LESS: BAD DEBT ALLOW. 3,679,578 3,679,578 - --------------------------------------------------------------------------------------------------------------------- NET ACCTS. RECEIVABLE 32,749,209 227,712 32,747 32,944,174 UNBILLED REVENUES 7,585,894 7,585,894 UNRECOV. PURCH GAS COSTS 10,649,462 10,649,462 FUEL STOCK 15,723,093 15,723,093 PREPAID EXPENSES 1,530,022 1,530,022 - ---------------------------------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 68,995,053 2,617,873 32,747 71,580,179 OTHER ASSETS INVESTMENT IN SUBS 69,672,477 69,672,477 UNAMORTIZED DEBT EXP 6,440,590 6,440,590 OTHER DEFERRED DEBITS 56,437,397 148 3,652,274 60,089,819 - ---------------------------------------------------------------------------------------------------------------- TOTAL OTHER ASSETS 62,877,987 69,672,625 3,652,274 69,672,477 66,530,409 TOTAL ASSETS $355,232,553 $72,290,498 $3,652,274 $69,705,224 $361,470,101 ============ =========== ========== =========== ============
CONNECTICUT ENERGY CORPORATION CONSOLIDATING BALANCE SHEET DECEMBER 31, 1993 EXHIBIT A
ADJUSTMENTS SOUTHERN CEC ELIMINATIONS TOTAL ACCOUNT DESCRIPTION CT GAS HOLDING DEBIT CREDIT CEC CAPITALIZATION: COMMON STOCK $ 18,760,951 $ 7,530,924 $18,760,951 $ 7,530,924 CAPITAL STOCK EXPENSE (636,182) (2,233,190) (2,869,372) CAPITAL IN EXCESS OF PAR VALUE 46,424,637 74,948,432 54,732,854 66,640,215 ADJUSTMENT FOR MIN. PENSION LIAB. 108,148 (108,148) RETAINED EARNINGS 36,442,202 (8,002,182) $3,821,328 32,261,348 - ---------------------------------------------------------------------------------------------------------------- SUBTOTAL 100,991,608 72,243,984 73,601,953 3,821,328 103,454,967 LONG-TERM DEBT 120,511,000 120,511,000 - ---------------------------------------------------------------------------------------------------------------- TOTAL CAPITALIZATION 221,502,608 72,243,984 73,601,953 3,821,328 223,965,967 CURRENT LIABILITIES SHORT-TERM BORROWINGS 38,900,000 38,900,000 CURRENT PORT OF LT DEBT 594,500 594,500 ACCOUNTS PAYABLE 16,109,585 7,356 16,116,941 REFUNDS DUE CUSTOMERS 993,444 993,444 FEDERAL CORP TAXES 6,177,024 3,640 6,180,664 STATE CORP TAXES (173,090) 1,391 (171,699) PROPERTY TAXES 4,794,910 4,794,910 OTHER ACCRUED TAXES 2,862,499 1,380 2,863,879 ACCOUNTS PAY-INTERCO 32,747 32,747 INTEREST PAYABLE 2,321,595 2,321,595 OTHER ACCRUED LIABILITIES 2,536,747 2,536,747 CUSTOMERS' DEPOSITS 2,314,148 2,314,148 - ---------------------------------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 77,431,362 46,514 32,747 77,445,129 OTHER LIABILITIES DEF FEDERAL INC TAX 48,050,890 55,713 47,995,177 DEF INVEST TAX CREDIT 4,072,628 4,072,628 OTHER 4,175,065 3,816,135 7,991,200 - ---------------------------------------------------------------------------------------------------------------- TOTAL OTHER LIABILITIES 56,298,583 55,713 3,816,135 60,059,005 TOTAL CAPITAL & LIABILITIES $355,232,553 $72,290,498 $73,690,413 $7,637,463 $361,470,101 ============ =========== =========== ========== ============
CONNECTICUT ENERGY CORPORATION CONSOLIDATING STATEMENT OF CHANGES IN RETAINED EARNINGS EXHIBIT A
THE CONNECTICUT SOUTHERN SCG GAS SCG ENERGY CONNECTICUT QUEST PIPELINES ADJUSTMENTS CORPORATION GAS CO. INC. INC. ELIMINATIONS CONSOLDIATED - ---------------------------------------------------------------------------------------------------------------- BALANCE - DEC. 31, 1992 ($2,511,370) $35,524,749 ($4,309,811) ($ 954,215) $3,821,328 $31,570,681 ADD: NET INCOME 58,457 10,390,177 (95,721) (106,687) 10,246,226 LESS: PREFERRED STOCK DIVIDENDS (31,272) (31,272) LESS: COMMON STOCK DIVIDENDS (82,835) (9,441,452) (9,524,287) TRANS.-RETAIN. EARNINGS (5,466,434) 4,405,532 1,060,902 -0- - ---------------------------------------------------------------------------------------------------------------- BALANCE - DEC. 31, 1993 ($8,002,182) $36,442,202 $ -0- $ -0- $3,821,328 $32,261,348 ============ =========== ========== ========== ========== ===========
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