-----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, S5f7bUXjbHcA7RVsBHVZfJazGOMPXH7X9QJQgpiKNSaCVMPtxCEGQuhaYEC5CKGs 9OijZtnOduDWJlrIjBQT1w== 0000031224-00-000006.txt : 20000215 0000031224-00-000006.hdr.sgml : 20000215 ACCESSION NUMBER: 0000031224-00-000006 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EASTERN UTILITIES ASSOCIATES CENTRAL INDEX KEY: 0000031224 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 041271872 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: SEC FILE NUMBER: 070-07287 FILM NUMBER: 541423 BUSINESS ADDRESS: STREET 1: ONE LIBERTY SQ STREET 2: P O BOX 2333 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6173579590 35-CERT 1 RULE 24 OF EUA COGENEX CONS. FOR 9 MOS ENDED 9/30/99 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. In the matter of ) ) EASTERN UTILITIES ASSOCIATES ) Boston, Massachusetts ) ) EUA COGENEX CORPORATION ) Certificate of Lowell, Massachusetts ) Notification ) Pursuant to ) Rule 24 (70-7287) ) ) (Public Utility Holding Company Act of 1935) ) Enclosed herewith for filing by Eastern Utilities Associates and its wholly-owned subsidiary, EUA Cogenex Corporation, in accordance with the Order of the Securities and Exchange Commission entered in the above matter on February 15, 1995 (Release No. 35-26232) and pursuant to Rule 24 under the Public Utility Holding Company Act of 1935, are the consolidated and consolidating balance sheet, income statement, and statement of cash flows of EUA Cogenex for the quarter ended September 30, 1999 and such other information required to be filed by said order. EASTERN UTILITIES ASSOCIATES By: /s/ Clifford J. Hebert, Jr. Clifford J. Hebert, Jr. Treasurer EUA COGENEX CORPORATION By: /s/ Edward T. Liston Edward T. Liston President February 14, 2000 EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS (1 of 3) September 30, 1999
ASSETS EUA EUA EUA EUA Day Matrix EUA Cogenex Cogenex Day (fka Day I&I NEM Consolidated Elimination (Division) (Division) (Division) Inc. Utility Plant and Other Investments: Utility plant in service $ $ $ $ $ $ Less accumulated provision for depreciation and amortization Net utility plant in service Construction work in progress Net utility plant Non-utility property 90,711,440 42,091,195 3,649,677 1,150,027 8,493,365 Less accumulated provision for depreciation 46,437,764 22,831,428 1,087,423 788,923 4,344,645 Net non-utility property 44,273,676 19,259,767 2,562,254 361,104 4,148,720 Investments in subsidiaries (at equity) 1,434,569 37,086,379 38,520,948 Excess of carrying values of investments in subsidiaries Notes receivable 20,940,712 19,769,772 Leases receivable 14,004,517 9,510,652 Other 10,723,038 3,932,757 1,648,603 Total Utility Plant and Other Investments 91,376,512 37,086,379 90,993,896 4,210,857 361,104 4,148,720 Current Assets: Cash and temporary cash investments 1,893,611 138,572 209,988 131,860 Notes receivable 15,936,274 14,767,050 27,377,281 3,109,211 Leases receivable 2,059,918 1,178,381 Accounts receivable - Net: Customers 10,740,164 2,721,259 2,538,471 408,207 Accrued unbilled revenue Others 11,130,573 8,999,007 23,364 (193,737) Accounts receivable - associated companies 535,715 5,224,838 5,227,277 424,454 Materials and supplies (at average cost): Plant materials and operating supplies 856,153 15,354 193,677 519,745 Other current assets 602,533 329,347 664,203 179,328 Total Current Assets 43,754,941 20,321,235 46,321,334 6,678,493 519,745 346,330 Deferred Debits: Unamortized debt expense 228,200 228,200 Unrecovered regulatory plant costs Other deferred debits 1,969,799 657,100 25,229 982,296 Total Deferred Debits 2,197,999 885,300 25,229 982,296 Total Assets $137,329,452 $57,407,614 $138,200,530 $10,914,579 $880,849 $5,477,346
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS (2 of 3) September 30, 1999
ASSETS EUA EUA EUA COGENEX EUA Cogenex Citizens WEST MUPA Canada Corporation Corporation (Partnership) Utility Plant and Other Investments: Utility plant in service $ $ $ $ Less accumulated provision for depreciation and amortization Net utility plant in service Construction work in progress Net utility plant Non-utility property (169,317) 3,771,967 1,073,884 Less accumulated provision for depreciation 1,203 1,417,342 630,534 Net non-utility property (170,520) 2,354,625 443,350 Investments in subsidiaries (at equity) Excess of carrying values of investments in subsidiaries Notes receivable (58,782) 1,077,389 Leases receivable 535,905 1,378,475 Other 16,572 108,316 4,546,960 Total Utility Plant and Other Investments 323,175 2,462,941 7,446,174 Current Assets: Cash and temporary cash investments (94,180) (289,419) 323,636 Notes receivable 32,834 170,317 Leases receivable 39,840 304,315 Accounts receivable - Net: Customers 295,984 1,646,427 773,133 Accrued unbilled revenue Others 90,213 9,660 925,783 Accounts receivable - associated companies 90,470 338 18,014 Materials and supplies (at average cost): Plant materials and operating supplies 127,377 Other current assets 427 14,184 73,738 Total Current Assets 455,588 1,381,190 2,716,313 Deferred Debits: Unamortized debt expense Unrecovered regulatory plant costs Other deferred debits 4,862 234,964 74,573 Total Deferred Debits 4,862 234,964 74,573 Total Assets $783,625 $4,079,095 $10,237,060 $
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS (3 of 3) September 30, 1999
ASSETS EUA EUA EUA EUA WestCoast FRC II EC&S I EC&S II (Partnership) (Part.) (Part.) (Partnership) Utility Plant and Other Investments: Utility plant in service $ $ $ $ Less accumulated provision for depreciation and amortization Net utility plant in service Construction work in progress Net utility plant Non-utility property 825,353 11,632,658 18,192,631 Less accumulated provision for depreciation 825,353 3,777,527 10,733,386 Net non-utility property 7,855,131 7,459,245 Investments in subsidiaries (at equity) Excess of carrying values of investments in subsidiaries Notes receivable 152,333 Leases receivable 1,046,238 1,533,247 Other 20,711 397,708 51,411 Total Utility Plant and Other Investments 20,711 9,451,410 9,043,903 Current Assets: Cash and temporary cash investments 84,790 909 437,428 950,027 Notes receivable 13,681 0 Leases receivable 85,316 452,066 Accounts receivable - Net: Customers 763,622 1,005,902 587,159 Accrued unbilled revenue Others 736,982 539,301 Accounts receivable - associated companies Materials and supplies (at average cost): Plant materials and operating supplies Other current assets Total Current Assets 848,412 909 2,279,309 2,528,553 Deferred Debits: Unamortized debt expense Unrecovered regulatory plant costs Other deferred debits 12 (9,237) Total Deferred Debits 12 (9,237) Total Assets $869,123 $909 $11,730,731 $11,563,219
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS (1 of 3) September 30, 1999
LIABILITIES EUA EUA EUA EUA Day Matrix EUA Cogenex Cogenex Day (fka Day NEM Consolidated Elimination Corporation (Division) (Division) Inc. Capitalization: Common equity $44,324,505 $13,815,117 $44,154,872 $3,658,865 ($3,400,531) $8,532,860 Non-redeemable preferred stock of subsid. $0 Redeemable preferred stock of $0 subsidiaries - net 75 Preferred stock redemption cost $0 Partnerships' capital $0 23,281,262 Long-term debt - net $21,500,000 21,500,000 Total Capitalization 65,824,580 37,096,379 65,654,872 3,658,865 (3,400,531) 8,532,860 Current Liabilities: Preferred stock sinking fund requirements Long-term debt due within one year 56,700,000 56,700,000 Notes payable 6,987,680 14,767,050 7,040,000 1,672,073 3,785,746 150,000 Accounts payable 1,273,123 (43,977) 1,432,270 Accounts payable - associated companies 1,288,849 5,224,838 1,700,435 3,749,116 290,759 5,353 Customer deposits Taxes accrued 65,498 (3,093) 10,652 Interest accrued 278,279 329,347 278,278 30,955 204,875 Dividends declared Other current liabilities 7,630,622 6,158,093 45,177 Total Current Liabilities 74,224,051 20,321,235 71,829,736 6,940,243 4,281,380 155,353 Deferred Credits: Unamortized investment credit Other deferred credits 2,468,804 (10,000) 1,909,690 315,471 934 Total Deferred Credits 2,468,804 (10,000) 1,909,690 315,471 934 Accumulated deferred taxes (5,187,983) (1,193,768) (3,211,801) Commitments and contingencies Total Liabilities and Capitalization $137,329,452 $57,407,614 $138,200,530 $10,914,579 $880,849 $5,477,346 ( ) Denotes Contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS (2 of 3) September 30, 1999
LIABILITIES EUA EUA EUA COGENEX EUA Cogenex Citizens WEST MUPA Canada Corporation Corporation (Partnership) Capitalization: Common equity $714,092 $103,528 $4,375,936 $0 Non-redeemable preferred stock of subsidiaries Redeemable preferred stock of subsidiaries - net 75 Preferred stock redemption cost Partnerships' capital (29) Long-term debt - net Total Capitalization 714,092 103,603 4,375,936 (29) Current Liabilities: Preferred stock sinking fund requirements Long-term debt due within one year Notes payable (52,320) 2,689,159 6,470,072 Accounts payable (95,985) 1,984 (21,169) Accounts payable - associated companies (134,894 659,411 24,697 29 Customer deposits Taxes accrued 57,852 20 67 Interest accrued 32,041 61,477 Dividends declared Other current liabilities 130,392 454,003 201,552 Total Current Liabilities (94,955) 3,836,618 6,736,696 29 Deferred Credits: Unamortized investment credit Other deferred credits 170,670 39,534 Total Deferred Credits 170,670 39,534 Accumulated deferred taxes (6,182) 138,874 (915,106) Commitments and contingencies Total Liabilities and Capitalization $783,625 $4,079,095 $10,237,060 $0 ( ) Denotes Contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS (3 of 3) September 30, 1999
LIABILITIES EUA EUA EUA EUA WestCoast FRC II EC&S I EC&S II (Partnership) (Partnership) (Partnership) (Partnership) Capitalization: Common equity $0 $0 $0 $0 Non-redeemable preferred stock of subsidiaries Redeemable preferred stock of subsidiaries - net Preferred stock redemption cost Partnerships' capital 890,425 909 11,510,414 10,879,543 Long-term debt - net Total Capitalization 890,425 909 11,510,414 10,879,543 Current Liabilities: Preferred stock sinking fund requirements Long-term debt due within one year Notes payable Accounts payable Accounts payable - associated companies (21,302) 129,316 110,767 Customer deposits Taxes accrued Interest accrued Dividends declared Other current liabilities 96,960 544,445 Total Current Liabilities (21,302) 226,276 655,212 Deferred Credits: Unamortized investment credit Other deferred credits (5,959) 28,464 Total Deferred Credits (5,959) 28,464 Accumulated deferred taxes Commitments and contingencies Total Liabilities and Capitalization $869,123 $909 $11,730,731 $11,563,219 ( ) Denotes Contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING INCOME STATEMENTS (1 of 3) FOR THE NINE MONTHS ENDED September 30, 1999
EUA EUA EUA EUA Day Matrix EUA Cogenex Cogenex Day (fka Day I&I NEM Consolidated Elimination Corporation (Division) (Division) Inc. Operating Revenues $34,888,510 $ $11,286,488 $5,648,406 $61,104 $2,726,623 Operating Expenses: Operation 25,881,572 9,731,072 5,293,046 848,806 80,635 Maintenance 903,663 316,809 11,252 Depreciation and amortization 7,972,879 4,158,088 203,099 115,004 408,463 Taxes - Other than income 553,804 247,936 166,570 24,400 - Income (credit) (1,525,261) (2,208,318) 535,020 - Deferred (833,429) (1,033,627) 242,720 Total Operating Expenses 32,953,228 11,211,960 5,662,715 988,210 1,278,090 Operating Income 1,935,282 74,528 (14,309) (927,106) 1,448,533 Other Income and Deductions: Interest and dividend income 3,913,998 612,612 3,893,219 109,111 Equity in earnings of jointly- owned companies 707,620 2,848,211 3,555,831 Allowance for other funds used during construction Other (deductions) income - net (5,006,586) (4,872,649) 150 Total Other Income (384,968) 3,460,823 2,576,401 109,261 Income (Loss) Before Interest Charges 1,550,314 3,460,823 2,650,929 94,952 (927,106) 1,448,533 Interest Charges: Interest on long-term debt 5,185,119 5,185,119 Amortization of debt expense and premium Other interest expense (principally short-term notes) 579,601 612,612 576,739 67,507 136,837 Allowance for borrowed funds used during construction - (credit) (177,691) (90,000) (20,712) Total Interest Charges 5,587,029 612,612 5,671,858 46,795 136,837 Net Income (Loss) before preferred return (4,036,715) 2,848,211 (3,020,929) 48,157 (1,063,943) 1,448,533 Preferred Return Requirement Net (Loss) Income ($4,036,715) $2,848,211 ($3,020,929) $48,157 $1,063,943 $1,448,533
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING INCOME STATEMENTS (2 of 3) FOR THE NINE MONTHS ENDED September 30, 1999
EUA EUA EUA COGENEX EUA Cogenex Citizens WEST MUPA Canada Corporation Corporation (Partnership) Operating Revenues $585,045 $7,746,235 $2,809,960 $ Operating Expenses: 0 Operation 520,103 6,661,332 2,564,430 Maintenance 55,001 32,683 43,232 Depreciation and amortization 6,609 434,421 427,132 Taxes - Other than income 2,140 74,059 38,699 - Income (credit) 12,285 184,286 (48,534) - Deferred (6,182) (10,735) (25,605) Total Operating Expenses 589,956 7,376,046 2,999,354 Operating Income (4,911) 370,189 (189,394) Other Income and Deductions: Interest and dividend income 20,900 231,330 Equity in earnings of jointly- owned companies Allowance for other funds used during construction Other (deductions) income - net (8,800) (200) (90,985) Total Other Income 12,100 (200) 140,345 Income (Loss) Before Interest Charges 7,189 369,989 (49,049) Interest Charges: Interest on long-term debt Amortization of debt expense and premium Other interest expense (principally short-term notes) 145,415 265,715 Allowance for borrowed funds used during construction - (credit) (33,347) (33,632) Total Interest Charges 112,068 232,083 Net Income (Loss) before preferred return 7,189 257,921 (281,132) Preferred Return Requirement Net (Loss) Income $7,189 $257,921 ($281,132) $
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING INCOME STATEMENTS (3 of 3) FOR THE NINE MONTHS ENDED September 30, 1999
EUA EUA EUA EUA WestCoast FRC II EC&S I EC&S II (Partnership) (Partnership) (Partnership) (Partnership) Operating Revenues $272,714 $ $1,699,005 $2,052,930 Operating Expenses: Operation 381 112,511 69,256 Maintenance 34,613 130,402 279,671 Depreciation and amortization 93,230 601,365 1,525,468 Taxes - Other than income - Income (credit) - Deferred Total Operating Expenses 128,224 844,278 1,874,395 Operating Income 144,490 854,727 178,535 Other Income and Deductions: Interest and dividend income 27,689 99,352 145,009 Equity in earnings of jointly- owned companies Allowance for other funds used during construction Other (deductions) income - net (150) (883) (33,069) Total Other Income 27,539 98,469 111,940 Income (Loss) Before Interest Charges 172,029 953,196 290,475 Interest Charges: Interest on long-term debt Amortization of debt expense and premium Other interest expense (principally short-term notes) (0) Allowance for borrowed funds used during construction - (credit) Total Interest Charges (0) Net Income (Loss) before preferred return 172,029 953,196 290,475 Preferred Return Requirement Net (Loss) Income $172,029 $0 $953,196 $290,475
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED September 30, 1999 (1 of 3)
EUA EUA EUA EUA Day Matrix Cogenex Cogenex Day (fka Day Consolidated Elimination Corporation (Division) (Division) CASH FLOW FROM OPERATING ACTIVITIES: Net Income (Loss) ($4,036,715) $2,848,211 ($3,020,929) $48,157 ($1,063,943) Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: Depreciation and amortization 8,274,951 4,444,648 203,098 115,004 Deferred taxes (833,704) (1,033,902) Gains on sales of investments in energy savings projects paid for with notes and leases receiv. (1,721,006) (1,529,103) Costs of energy savings cash sales type projects 9,439,825 3,585,987 Pension liability 14,335 14,335 Amortization of deferred revenues Collections of prin port of project notes & leases receiv. 5,229,745 2 2,405,054 Undistributed Equity earnings of subsidiaries 4,155,219 4,155,219 Other - net 1,476,464 957,805 1,341,641 978,113 Net Changes to Working Capital: Accounts receivable 3,932,437 3,966,141 6,084,760 (382,932) (292) Materials and supplies (28,841) 4,197 (33,038) Accounts payable (76,256) (3,966,136) (2,365,652) 1,540,614 60,756 Accrued taxes 2,771 2 (8,776) (3,805) Accrued interest (909,518) (1,382,250) (909,519) (448,348) 136,837 Other - net 3,712,441 1,382,247 5,006,216 (129,621) Net Cash Provided from (Used in) Operating Activities 24,476,929 7,961,241 18,169,979 1,809,473 (784,676) CASH FLOW FROM INVESTING ACTIVITIES: Expenditures for investments in energy savings projects (23,700,384) (16,156,064) (2,829,615 Collections on financing notes and leases receivable 13,355,403 13,355,403 Proceeds from sale of Assets Investments in subsidiaries Net Cash Provided from (Used in) Investing Activities (10,344,981) (2,800,661) (2,829,615 CASH FLOW FROM FINANCING ACTIVITIES: Redemption: Long-term debt (5,900,000) (5,900,000) Premium on reacquisition and financing expenses Dividends declared (2,650,000) Capital contribution - EUA Partner's contribution (withdrawal) (4,353,431) Net increase (decrease) in short-term debt (9,120,758) (957,810) (9,120,000) (128,986) 784,676 Net Cash Provided from (Used in) Financing Activities (15,020,758) (7,961,241) (15,020,000) (128,986) 784,676 NET (DECREASE) INCREASE IN CASH (888,810) 349,318 (1,149,128 Cash and temporary cash investments at beginning of year 2,782,421 (210,746) 1,359,116 Cash and temporary cash investments at end of year $1,893,611 $ $138,572 $209,988 $ Cash paid during the year for: Interest (net of amounts capitalized) $6,366,184 $6,366,184 $0 Income Taxes ($1,347,776) ($1,534,384) Conversion of investments in energy savings projects to notes and leases receivable $0 $ ( ) Denotes contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED September 30, 1999 (2 of 3)
EUA EUA EUA EUA EUA NEM Cogenex Citizens Cogenex MUPA Inc Canada Corporation Corporation (Partnership) CASH FLOW FROM OPERATING ACTIVITIES: Net Income (Loss) $1,448,533 $7,189 $257,921 ($281,132) $0 Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: Depreciation and amortization 408,459 6,606 434,421 427,133 Deferred taxes 242,720 (6,182) (10,735) (25,605) Gains on sales of investments in energy savings projects paid for with notes and leases receivable (191,903) Costs of energy savings cash sales type projects 393,136 3,014,271 2,107,498 Pension liability Amortization of deferred revenues Collections of prin port of project notes and leases receiv. 42,222 2,207,014 Undistributed Equity earnings of subsidiaries Other - net 945 106,306 1,351 48,249 11,574 Net Changes to Working Capital: Accounts receivable 483,828 (174,832) 335,939 (158,714) (15,552) Materials and supplies Accounts payable (420,745) 39,273 (126,225) (1,314,715) 3,978 Accrued taxes 23,679 (159) (8,166) Accrued interest (418,572) (652,166) Other - net (48,493) 226,542 41,835 23,749 Net Cash Provided from (Used in) Operating Activities 2,163,740 197,001 3,714,754 2,391,231 23,749 CASH FLOW FROM INVESTING ACTIVITIES: Expenditures for investments in energy savings projects (608,224) (2,402,161) (1,640,625) Collections on financing notes and leases receivable Proceeds from sale of Assets Investments in subsidiaries Net Cash Provided from (Used in) Investing Activities (608,224) (2,402,161) (1,640,625) CASH FLOW FROM FINANCING ACTIVITIES: Redemption: Long-term debt Premium on reacquisition and financing expenses Dividends declared (2,050,000) (600,000) Capital contribution - EUA Partner's contribution (withdrawal) (23,749) Net increase (decrease) in short-term debt (1,029,500) (584,758) Net Cash Provided from (Used in) Financing Activities (2,050,000) (1,629,500) (584,758) (23,749) NET (DECREASE) INCREASE IN CASH 113,740 (411,223) (316,907) 165,848 Cash and temporary cash investments at beginning of year 18,120 317,043 27,488 157,788 Cash and temporary cash investments at end of year $131,860 ($94,180) ($289,419) $323,636 $0 Cash paid during the year for: Interest (net of amount capitalized) $0 $0 $0 Income Taxes $135,456 $38,271 $12,881 Conversion of investments in energy savings projects to notes and leases receivable $0 $0 ( ) Denotes contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED September 30, 1999 (3 of 3)
EUA EUA EUA EUA WestCoast FRC II EC&S I EC&S II (Partnership) (Partnership) (Partnership) (Partnership) CASH FLOW FROM OPERATING ACTIVITIES: Net Income (Loss) $172,029 $0 $953,196 $290,475 Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: Depreciation and amortization 108,746 601,368 1,525,468 Deferred taxes Gains on sales of investments in energy savings projects paid for with notes and leases receivable Costs of energy savings cash sales type projects 134,968 203,965 Pension liability Amortization of deferred revenues Collections of prin port of project notes and leases receivable 117,526 118,736 339,195 Undistributed Equity earnings of subsidiaries Other - net 35,602 (90,628) 1,116 Net Changes to Working Capital: Accounts receivable (13,916) (35,602) (141,813) 1,917,704 Materials and supplies Accounts payable (267,699) (82,325) (70,253) (1,039,399) Accrued taxes Accrued interest Other - net (23,818) (22,318) (139,228) 159,824 Net Cash Provided from (Used in) Operating Activities 92,868 (104,643 1,366,346 3,398,348 CASH FLOW FROM INVESTING ACTIVITIES: Expenditures for investments in energy savings projects 202,740 82,325 (240,299) (108,461) Collections on financing notes and leases receivable Proceeds from sale of Assets Investments in subsidiaries Net Cash Provided from (Used in) Investing Activities 202,740 82,325 (240,299) (108,461) CASH FLOW FROM FINANCING ACTIVITIES: Redemption: Long-term debt Premium on reacquisition and financing expenses Dividends declared Capital contribution - EUA Partner's contribution(withdrawal) (300,000) (29,682) (1,250,000) (2,750,000) Net increase (decrease) in short-term debt Net Cash Provided from (Used in) Financing Activities (300,000) (29,682) (1,250,000) (2,750,000) NET (DECREASE) INCREASE IN CASH (4,392) (52,000) (123,953) 539,887 Cash and temporary cash investments at beginning of year 89,182 52,909 561,381 410,140 Cash and temporary cash investments at end of year $84,790 $909 $437,428 $950,027 Cash paid during the year for: Interest (net of amount capitalized) $0 Income Taxes Conversion of investments in energy savings projects to notes and leases receivable $0 $0 ( ) Denotes contra
Business Line Project Equipment in Service Revenues as of 9/30/99 as of 9/30/99 Demand Side Mgmt./Energy Mgmt. Services $79,927,990 $29,024,076 Manufacturing and Fabrication $0 $5,709,510 Consulting $154,924 TOTAL $79,927,990 $34,888,510 Geographic Location Project Equipment In Service Revenues as of 9/30/99 as of 9/30/99 New England / New York Region $54,388,660 $24,382,325 United States excluding New England $25,539,330 $9,921,140 and New York Canada $0 $585,045 All areas of the world excluding the U.S. and Canada TOTAL $79,927,990 $34,888,510 EX-27 2 FDS
OPUR1 1000 9-MOS DEC-31-1999 SEP-30-1999 PER-BOOK 0 91377 43755 2198 0 137330 0 47047 (2722) 44325 0 0 21500 0 6988 0 56700 0 0 0 7816 137329 34889 (2359) 35312 32953 1936 (386) 1550 5587 (4037) 0 (4037) 0 5185 24477 0 0
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