-----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, npxDPgGsv0yVhiAF/oLdvFTbyiwmkudHcrbVTYBo+LzcUNrjrBlREtjIlN/fWGcK 3LYy4NhE5hAqO7gyGznmew== 0000310103-95-000008.txt : 19950301 0000310103-95-000008.hdr.sgml : 19950301 ACCESSION NUMBER: 0000310103-95-000008 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19941231 FILED AS OF DATE: 19950227 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONNECTICUT ENERGY CORP CENTRAL INDEX KEY: 0000310103 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 060869582 STATE OF INCORPORATION: CT FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 1935 Act SEC FILE NUMBER: 069-00244 FILM NUMBER: 95515344 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 1 File No. 69-244 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. FORM U-3A-2 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 located at 855 Main Street, Bridgeport, Connecticut 06604. Southern is principally 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) Connecticut Energy Development Corporation ("CEDC"). CEDC is incorporated under the laws of the State of Connecticut and has its executive offices located at 855 Main Street, Bridgeport, Connecticut, 06604. CEDC was formed in December 1994 and is initially expected to participate as an equity holder in entities to be formed to purchase and market natural gas and potentially participate in other non- regulated activities. 2. A brief description of the properties of the claimant and its subsidiary public utility company is as follows: (a) The claimant -- The claimant has no properties other than the common stock of the subsidiary described above in 1(b)(i). (b) Southern -- A major portion of Southern's physical assets consists of gas distribution facilities. As of December 31, 1994, Southern had 2,069 miles of main and 119,779 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 formerly 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 field, 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 information, therefore, relates to it alone: (a) During the calendar year 1994, Southern distributed 28,772,456 MCF of natural or manufactured gas at retail. (b) None (c) During the calendar year 1994, Southern sold 1,438,676 MCF of natural or manufactured gas outside Connecticut or at the Connecticut border. (d) During the calendar year 1994, Southern purchased 31,332,818 MCF of natural or manufactured gas outside Connecticut or at the Connecticut border. 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, stating monetary amounts in United States dollars: (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 1994, 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 Submitted only in electronic format to the Securities and Exchange Commission. EXHIBIT C An 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 officer on this 24th day of February, 1995. 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)
CONNECTICUT ENERGY CORPORATION CONSOLIDATING BALANCE SHEET DECEMBER 31, 1994 EXHIBIT A THE CONNECTICUT SOUTHERN ENERGY ADJUSTMENTS CONNECTICUT DEVELOPMENT CEC ELIMINATIONS TOTAL ACCOUNT DESCRIPTION GAS CO. CORPORATION HOLDING DEBIT CREDIT CEC ASSETS UTILITY PLANT INTANGIBLES $ 140,692 $ 140,692 PRODUCTION 2,861,281 2,861,281 STORAGE 6,300,509 6,300,509 DISTRIBUTION 302,163,417 302,163,417 GENERAL 22,369,102 22,369,102 _____________________________________________________________________________________________________________________________ SUBTOTAL 333,835,001 333,835,001 CONST. WORK IN PROGRESS 4,800,475 4,800,475 NON UTILITY PROPERTY 2,492,565 2,492,565 _____________________________________________________________________________________________________________________________ TOTAL PP&E 341,128,041 341,128,041 LESS: ACCUM. DEPRECIATION 100,440,015 100,440,015 _____________________________________________________________________________________________________________________________ NET PP&E 240,688,026 240,688,026 CURRENT ASSETS CASH 1,397,578 $ 998 $ 1,817,474 3,216,050 ACCOUNTS RECEIVABLE: TRADE 38,343,285 38,343,285 OTHER 787,737 2 206,409 994,148 INTERCOMPANY 69,288 $ 69,288 0 _____________________________________________________________________________________________________________________________ SUBTOTAL 39,200,310 2 206,409 69,288 39,337,433 LESS: BAD DEBT ALLOWANCE 2,485,851 2,485,851 _____________________________________________________________________________________________________________________________ NET ACCTS. RECEIVABLE 36,714,459 2 206,409 69,288 36,851,582 UNBILLED REVENUES 7,776,714 7,776,714 UNRECOVERED PURCHASED GAS COSTS 6,141,524 6,141,524 FUEL STOCK 13,101,056 13,101,056 PREPAID EXPENSES 1,871,834 1,871,834 _____________________________________________________________________________________________________________________________ TOTAL CURRENT ASSETS 67,003,165 1,000 2,023,883 69,288 68,958,760 OTHER ASSETS INVESTMENT IN SUBS AND OTHER ASSETS 50,000 94,098,477 94,098,477 50,000 UNAMORTIZED DEBT EXPENSE 6,259,425 6,259,425 OTHER DEFERRED DEBITS 64,234,321 $100,870 64,335,191 _____________________________________________________________________________________________________________________________ TOTAL OTHER ASSETS 70,493,746 50,000 94,098,477 100,870 94,098,477 70,644,616 TOTAL ASSETS $378,184,937 $51,000 $96,122,360 $100,870 $94,167,765 $380,291,402 ============ ======= =========== ======== =========== ============
CONNECTICUT ENERGY CORPORATION CONSOLIDATING BALANCE SHEET DECEMBER 31, 1994 EXHIBIT A THE CONNECTICUT SOUTHERN ENERGY ADJUSTMENTS CONNECTICUT DEVELOPMENT CEC ELIMINATIONS TOTAL ACCOUNT DESCRIPTION GAS CO. CORPORATION HOLDING DEBIT CREDIT CEC CAPITALIZATION COMMON STOCK $ 18,760,951 $ 1,000 $ 8,748,504 $18,761,951 $ 8,748,504 CAPITAL STOCK EXPENSE (636,182) (3,286,766) (3,922,948) CAPITAL IN EXCESS OF PAR VALUE 70,799,637 50,000 98,391,458 79,157,854 90,083,241 ADJUSTMENT FOR MIN. PENSION LIAB. 0 0 RETAINED EARNINGS 37,846,443 (7,805,679) $3,821,328 33,862,092 _______________________________________________________________________________________________________________________________ SUBTOTAL 126,770,849 51,000 96,047,517 97,919,805 3,821,328 128,770,889 LONG-TERM DEBT 119,916,500 119,916,500 _______________________________________________________________________________________________________________________________ TOTAL CAPITALIZATION 246,687,349 51,000 96,047,517 97,919,805 3,821,328 248,687,389 CURRENT LIABILITIES SHORT-TERM BORROWINGS 29,000,000 29,000,000 CURRENT PORT. OF LT DEBT 594,500 594,500 ACCOUNTS PAYABLE 13,513,826 13,513,826 REFUNDS DUE CUSTOMERS 0 0 FEDERAL CORP. TAXES 4,650,361 4,051 4,654,412 STATE CORP. TAXES 531,978 1,504 533,482 PROPERTY TAXES 4,361,132 4,361,132 OTHER ACCRUED TAXES 3,139,536 3,139,536 ACCOUNTS PAY-INTERCO 0 69,288 69,288 0 INTEREST PAYABLE 2,274,204 2,274,204 OTHER ACCR. LIAB. 5,696,562 5,696,562 CUSTOMERS' DEPOSITS 2,128,618 2,128,618 _______________________________________________________________________________________________________________________________ TOTAL CURRENT LIABILITIES 65,890,717 0 74,843 69,288 0 65,896,272 OTHER LIABILITIES DEF. FEDERAL INC. TAX 52,948,214 52,948,214 DEF. INVEST. TAX CREDIT 3,780,296 3,780,296 OTHER 8,878,361 100,870 8,979,231 _______________________________________________________________________________________________________________________________ TOTAL OTHER LIABILITIES 65,606,871 0 0 0 100,870 65,707,741 TOTAL CAPITAL. & LIABILITIES $378,184,937 $51,000 $96,122,360 $97,989,093 $3,922,198 $380,291,402 ============ ======= =========== =========== ========== ============
CONNECTICUT ENERGY CORPORATION CONSOLIDATING INCOME STATEMENT DECEMBER 31, 1994 EXHIBIT A THE CONNECTICUT SOUTHERN ENERGY ADJUSTMENTS CONNECTICUT DEVELOPMENT CEC ELIMINATIONS TOTAL ACCOUNT DESCRIPTION GAS CO. CORPORATION HOLDING DEBIT CREDIT CEC OPERATING REVENUES $239,681,320 $0 $ 0 $239,681,320 PURCHASED GAS 123,539,382 0 0 123,539,382 __________________________________________________________________________________________________________________________ GROSS INCOME 116,141,938 0 0 116,141,938 OPERATING EXPENSES OPERATIONS 51,974,558 11,306 51,985,864 MAINTENANCE 4,149,162 4,149,162 DEPN/DEPLN/AMORTZTN. 13,298,419 13,298,419 TAXES OTHER THAN INCOME 16,045,016 16,045,016 STATE TAXES - CURRENT 1,693,840 13,675 1,707,515 FED. INCOME TAXES - CURRENT 4,937,523 36,939 4,974,462 FED. INCOME TAXES - DEFERRED (1,104,970) $ 75,000 (1,029,970) __________________________________________________________________________________________________________________________ TOTAL OPERATING EXPENSES 90,993,548 0 61,920 75,000 91,130,468 OPERATING INCOME 25,148,390 0 (61,920) 75,000 25,011,470 ALLOW. FOR FUNDS DURING CONST. 138,788 138,788 OTHER INCOME, NET (278,671) 130,214 121,478 $ 75,000 (194,935) LEASED LAND INCOME 15,156 15,156 __________________________________________________________________________________________________________________________ TOTAL INCOME 25,023,663 0 68,294 196,478 75,000 24,970,479 INCOME DEDUCTIONS INT. ON L.T. DEBT & AMORTZTN. 10,905,948 10,905,948 OTHER INTEREST, NET 933,312 121,478 811,834 MISC. INCOME DEDUCTIONS 467,306 467,306 __________________________________________________________________________________________________________________________ TOTAL INCOME DEDUCTIONS 12,306,566 0 0 0 121,478 12,185,088 NET INCOME TO COMMON $ 12,717,097 $0 $ 68,294 $196,478 $196,478 $ 12,785,391 ============ == ======== ======== ======== ============
CONNECTICUT ENERGY CORPORATION CONSOLIDATING STATEMENT OF CHANGES IN RETAINED EARNINGS EXHIBIT A THE CONNECTICUT CONNECTICUT SOUTHERN ENERGY ENERGY CONNECTICUT DEVELOPMENT ADJUSTMENTS CORPORATION GAS CO. CORPORATION ELIMINATIONS CONSOLIDATED __________________________________________________________________________________________________________________________ BALANCE - DEC. 31, 1993 $(8,002,182) $36,442,202 $0 $3,821,328 $32,261,348 ADD: NET INCOME 68,294 12,717,097 12,785,391 LESS: COMMON STOCK DIVIDENDS 128,209 (11,312,856) (11,184,647) TRANSFER - RETAINED EARNINGS 0 _________________________________________________________________________________________________________________________ BALANCE - DEC. 31, 1994 $(7,805,679) $37,846,443 $0 $3,821,328 $33,862,092 =========== =========== == ========== ===========
EX-27 2
OPUR3 1,000 12-MOS SEP-30-1994 JAN-01-1994 DEC-31-1994 PER-BOOK 380,291 239,681 12,785
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