-----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, PVK9ZN9NbBsm9Yz5QjpRHfT67X9ugiMEQqbRssQhuhxolXnR/nHNKGjZRWKk2kEt BL61qsJWZwA137QUSJ2isg== 0000310103-96-000008.txt : 19960228 0000310103-96-000008.hdr.sgml : 19960228 ACCESSION NUMBER: 0000310103-96-000008 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19951231 FILED AS OF DATE: 19960226 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: 96525406 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 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 and space heaters. 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 participating as an equity holder in an entity formed to purchase and market natural gas and could potentially participate in other nonregulated activities. (iii) Total Energy Services Group, Inc. ("TESG"). TESG is incorporated under the laws of the State of Connecticut and has its executive offices located at 855 Main Street, Bridgeport, Connecticut 06604. TESG was formed in August 1995 and is initially expected to engage in nonregulated activities relating to the selling, planning, purchasing and management of various energy commoditites and services to commercial and industrial end users. 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, 1995, Southern had 2,083 miles of main and 121,094 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 1995, Southern distributed 30,110,176 MCF of natural or manufactured gas at retail. (b) None (c) During the calendar year 1995, Southern sold 2,047,682 MCF of natural or manufactured gas outside Connecticut or at the Connecticut border. (d) During the calendar year 1995, Southern purchased 33,051,363 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 1995, 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 26th day of February, 1996. 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 - ------------------------------------------------------------------- Connecticut Energy Corporation - ------------------------------ (Name) (Title) 855 Main Street, Bridgeport, Connecticut 06604 - ----------------------------------------------- (Address)
CONNECTICUT ENERGY CORPORATION CONSOLIDATING INCOME STATEMENT DECEMBER 31, 1995 (UNAUDITED) EXHIBIT A THE CONNECTICUT TOTAL SOUTHERN ENERGY ENERGY ADJUSTMENTS CONNECTICUT DEVELOPMENT SERVICES CEC ELIMINATIONS TOTAL ACCOUNT DESCRIPTION GAS COMPANY CORPORATION GROUP, INC. HOLDING DEBIT CREDIT CEC OPERATING REVENUES $236,344,967 $236,344,967 PURCHASED GAS 119,799,191 119,799,191 _________________________________________________________________________________________________________________________________ GROSS INCOME 116,545,776 116,545,776 OPERATING EXPENSES OPERATIONS 48,252,984 $ 12,795 $(3,857) $ 12,108 48,274,030 MAINTENANCE 3,815,050 3,815,050 DEPRECIATION/DEPLETION/AMORTIZATION 14,311,750 14,311,750 TAXES OTHER THAN INCOME 15,406,782 15,406,782 STATE TAXES - CURRENT 1,542,332 17,686 1,560,018 FEDERAL INCOME TAXES - CURRENT 1,996,170 47,638 2,043,808 FEDERAL INCOME TAXES - DEFERRED 4,071,779 4,071,779 _________________________________________________________________________________________________________________________________ TOTAL OPERATING EXPENSES 89,396,847 12,795 (3,857) 77,432 89,483,217 OPERATING INCOME 27,148,929 (12,795) 3,857 (77,432) 27,062,559 ALLOWANCE FOR FUNDS DURING CONSTRUCTION 190,872 190,872 OTHER INCOME, NET (642,884) 165,902 $161,937 $ 15,156 (623,763) LEASED LAND INCOME 15,156 15,156 0 _________________________________________________________________________________________________________________________________ TOTAL INCOME 26,712,073 (12,795) 3,857 88,470 177,093 15,156 26,629,668 INCOME DEDUCTIONS INTEREST ON LONG-TERM DEBT & AMORTIZATION 10,845,205 10,845,205 OTHER INTEREST, NET 1,737,083 161,937 1,575,146 MISCELLANEOUS INCOME DEDUCTIONS 60,973 60,973 _________________________________________________________________________________________________________________________________ TOTAL INCOME DEDUCTIONS 12,643,261 161,937 12,481,324 NET INCOME TO COMMON $ 14,068,812 $(12,795) $ 3,857 $ 88,470 $177,093 $177,093 $ 14,148,344 =========== ======= ====== ======= ======= ======= ==========
CONNECTICUT ENERGY CORPORATION CONSOLIDATING BALANCE SHEET DECEMBER 31, 1995 (UNAUDITED) EXHIBIT A THE CONNECTICUT TOTAL SOUTHERN ENERGY ENERGY ADJUSTMENTS CONNECTICUT DEVELOPMENT SERVICES CEC ELIMINATIONS TOTAL ACCOUNT DESCRIPTION GAS COMPANY CORPORATION GROUP, INC. HOLDING DEBIT CREDIT CEC ASSETS UTILITY PLANT INTANGIBLES $ 140,692 $ 140,692 PRODUCTION 2,861,281 2,861,281 STORAGE 6,462,549 6,462,549 DISTRIBUTION 320,455,042 320,455,042 GENERAL 23,290,791 23,290,791 _______________________________________________________________________________________________________________________________ SUBTOTAL 353,210,355 353,210,355 CONSTRUCTION WORK IN PROGRESS 5,516,296 5,516,296 NONUTILITY PROPERTY 2,705,273 $ 26,294 2,731,567 _______________________________________________________________________________________________________________________________ TOTAL PROPERTY, PLANT & EQUIPMENT 361,431,924 26,294 361,458,218 LESS: ACCUMULATED DEPRECIATION 110,709,597 368 110,709,965 _______________________________________________________________________________________________________________________________ NET PROPERTY, PLANT & EQUIPMENT 250,722,327 25,926 250,748,253 CURRENT ASSETS CASH 859,495 $ 1,000 257,462 $ 2,129,554 3,247,511 ACCOUNTS RECEIVABLE: TRADE 42,040,573 42,040,573 OTHER 893,363 141,847 170,355 1,205,565 INTERCOMPANY 150,970 791 $ 151,761 0 _______________________________________________________________________________________________________________________________ SUBTOTAL 43,084,906 141,847 171,146 151,761 43,246,138 LESS: BAD DEBT ALLOWANCE 3,538,325 3,538,325 _______________________________________________________________________________________________________________________________ NET ACCOUNTS RECEIVABLE 39,546,581 141,847 171,146 151,761 39,707,813 UNBILLED REVENUES 7,841,851 7,841,851 UNRECOVERED PURCHASED GAS COSTS 6,660,308 6,660,308 FUEL STOCK 10,552,395 10,552,395 PREPAID EXPENSES 1,991,006 1,991,006 _______________________________________________________________________________________________________________________________ TOTAL CURRENT ASSETS 67,451,636 1,000 399,309 2,300,700 151,761 70,000,884 OTHER ASSETS INVESTMENT IN SUBSIDIARIES AND OTHER ASSETS 50,000 2,040,000 96,598,477 96,598,477 2,090,000 UNAMORTIZED DEBT EXPENSE 6,042,856 6,042,856 OTHER DEFERRED DEBITS 67,152,011 484 123,810 128,552 $23,073 67,427,930 _______________________________________________________________________________________________________________________________ TOTAL OTHER ASSETS 73,194,867 50,484 2,163,810 96,727,029 23,073 96,598,477 75,560,786 TOTAL ASSETS $391,368,830 $51,484 $2,589,045 $99,027,729 $23,073 $96,750,238 $396,309,923 =========== ====== ========= ========== ====== ========== ===========
CONNECTICUT ENERGY CORPORATION CONSOLIDATING BALANCE SHEET DECEMBER 31, 1995 (UNAUDITED) EXHIBIT A THE CONNECTICUT TOTAL SOUTHERN ENERGY ENERGY ADJUSTMENTS CONNECTICUT DEVELOPMENT SERVICES CEC ELIMINATIONS TOTAL ACCOUNT DESCRIPTION GAS COMPANY CORPORATION GROUP, INC. HOLDING DEBIT CREDIT CEC CAPITALIZATION COMMON STOCK $ 18,760,951 $ 1,000 $ 1,000 $ 8,898,663 $ 18,762,951 $ 8,898,663 CAPITAL STOCK EXPENSE (636,182) (3,286,766) (3,922,948) CAPITAL IN EXCESS OF PAR VALUE 70,799,637 50,000 2,499,000 101,212,877 81,656,854 92,904,660 RETAINED EARNINGS 40,602,394 (12,795) 3,857 (7,869,299) $3,821,328 36,545,485 ___________________________________________________________________________________________________________________________________ SUBTOTAL 129,526,800 38,205 2,503,857 98,955,475 100,419,805 3,821,328 134,425,860 LONG-TERM DEBT 119,322,000 119,322,000 ___________________________________________________________________________________________________________________________________ TOTAL CAPITALIZATION 248,848,800 38,205 2,503,857 98,955,475 100,419,805 3,821,328 253,747,860 CURRENT LIABILITIES SHORT-TERM BORROWINGS 34,900,000 34,900,000 CURRENT PORTION OF LONG-TERM DEBT 594,500 594,500 ACCOUNTS PAYABLE 16,206,150 16,206,150 REFUNDS DUE CUSTOMERS 632,898 632,898 FEDERAL CORPORATE TAXES 4,851,266 13,827 4,865,093 STATE CORPORATE TAXES 408,367 5,133 413,500 PROPERTY TAXES 3,993,125 3,993,125 OTHER ACCRUED TAXES 3,329,242 3,329,242 ACCOUNTS PAYABLE-INTERCOMPANY 0 13,279 85,188 53,294 151,761 0 INTEREST PAYABLE 2,251,647 2,251,647 OTHER ACCRUED LIABILITIES 3,007,047 3,007,047 CUSTOMERS' DEPOSITS 2,055,045 2,055,045 __________________________________________________________________________________________________________________________________ TOTAL CURRENT LIABILITIES 72,229,287 13,279 85,188 72,254 151,761 72,248,247 OTHER LIABILITIES DEFERRED FEDERAL INCOME TAXES 57,971,417 57,971,417 DEFERRED INVESTMENT TAX CREDITS 3,487,964 3,487,964 OTHER 8,831,362 23,073 8,854,435 ___________________________________________________________________________________________________________________________________ TOTAL OTHER LIABILITIES 70,290,743 23,073 70,313,816 TOTAL CAPITALIZATION & LIABILITIES $391,368,830 $51,484 $2,589,045 $99,027,729 $100,571,566 $3,844,401 $396,309,923 =========== ====== ========= ========== =========== ========= ===========
CONNECTICUT ENERGY CORPORATION CONSOLIDATING STATEMENT OF CHANGES IN RETAINED EARNINGS (UNAUDITED) EXHIBIT A THE CONNECTICUT TOTAL SOUTHERN ENERGY ENERGY CONNECTICUT CONNECTICUT DEVELOPMENT SERVICES ENERGY ADJUSTMENTS GAS COMPANY CORPORATION GROUP, INC. CORPORATION ELIMINATIONS CONSOLIDATED ___________________________________________________________________________________________________________________________________ BALANCE - DECEMBER 31, 1994 $37,846,443 $(7,805,679) $3,821,328 $33,862,092 ADD: NET INCOME 14,068,812 $(12,795) $3,857 88,470 14,148,344 LESS: COMMON STOCK DIVIDENDS 11,312,861 152,090 11,464,951 ___________________________________________________________________________________________________________________________________ BALANCE - DECEMBER 31, 1995 $40,602,394 $(12,795) $3,857 $(7,869,299) $3,821,328 $36,545,485 ========== ======= ===== ========== ========= ==========
EX-27 2
OPUR3 1,000 YEAR SEP-30-1995 JAN-01-1995 DEC-31-1995 PER-BOOK 396,310 236,345 14,148
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