-----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, B5O/R+vY+swRfSdbOjN2tMGxgYMe+ekiJJ4rsWh8OcpNbxxAR7nLyWASUnYiJ7qi c4tYzYLjmFxDcbBaII4fgQ== 0000031224-99-000042.txt : 19991110 0000031224-99-000042.hdr.sgml : 19991110 ACCESSION NUMBER: 0000031224-99-000042 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19991109 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: 99744500 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 6 MOS ENDED 6/30/99 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 June 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 November 9, 1999 EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS (1 of 3) June 30, 1999
ASSETS EUA EUA EUA EUA Day Matrix EUA Cogenex Cogenex Day (fka Day I & II) 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 94,101,918 42,934,323 3,582,230 1,150,027 8,493,365 Less accumulated provision for depreciation 45,520,288 21,663,005 1,042,683 788,923 4,237,969 Net non-utility property 48,581,630 21,271,318 2,539,547 361,104 4,255,396 Investments in subsidiaries (at equity) 695,759 38,180,540 38,876,299 Excess of carrying values of investments in subsidiaries Notes receivable 21,510,734 20,254,214 Leases receivable 13,855,844 9,629,336 Other 11,012,713 4,091,165 1,648,602 Total Utility Plant and Other Investments 95,656,680 38,180,540 94,122,332 4,188,149 361,104 4,255,396 Current Assets: Cash and temporary cash investments 2,142,318 444,896 342,954 287,942 Notes receivable 18,837,141 16,063,210 31,762,077 2,942,871 Leases receivable 2,179,772 1,197,290 Accounts receivable - Net: Customers 10,575,604 5,019,396 1,728,437 402,772 Accrued unbilled revenue Others 10,464,266 7,603,572 5,395 (12,583) Accounts receivable - associated companies 612,683 4,214,572 4,321,304 389,721 Materials and supplies (at average cost): Plant materials and operating supplies 856,472 15,354 193,997 519,744 Other current assets 562,414 213,973 592,796 119,080 Total Current Assets 46,230,670 20,491,755 50,956,685 5,722,455 519,744 678,131 Deferred Debits: Unamortized debt expense 248,794 248,794 Unrecovered regulatory plant costs Other deferred debits 3,378,781 1,982,095 (9,222) 1,008,990 Total Deferred Debits 3,627,575 2,230,889 (9,222) 1,008,990 Total Assets $145,514,925 $58,672,295 $147,309,906 $9,901,382 $880,848 $5,942,517
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS (2 of 3) June 30, 1999
ASSETS EUA EUA EUA COGENEX EUA EUA Cogenex Citizens WEST MUPA WestCoast Canada Corporation Corporation (Partnership) (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 79,038 4,404,700 1,622,430 2,038,920 Less accumulated provision for depreciation 911 1,282,587 601,839 2,015,609 Net non-utility property 78,127 3,122,113 1,020,591 23,311 Investments in subsidiaries (at equity) Excess of carrying values of investments in subsidiaries Notes receivable (46,489) 1,147,218 Leases receivable 1,572,434 Other 18,481 119,699 4,654,369 25,883 Total Utility Plant and Other Investments 50,119 3,241,812 8,394,612 49,194 Current Assets: Cash and temporary cash investments 61,619 (36,801) 372,095 60,798 Notes receivable 32,834 148,888 Leases receivable 363,729 Accounts receivable - Net: Customers 306,860 1,198,232 378,258 13,917 Accrued unbilled revenue Others 62,389 349,503 743,775 749,706 Accounts receivable - associated companies 96,647 2,132 17,451 Materials and supplies (at average cost): Plant materials and operating supplies 127,377 Other current assets 428 6,593 57,490 Total Current Assets 560,777 1,519,659 2,209,063 824,421 Deferred Debits: Unamortized debt expense Unrecovered regulatory plant costs Other deferred debits 4,961 322,795 44,886 Total Deferred Debits 4,961 322,795 44,886 Total Assets $615,857 $5,084,266 $10,648,561 $ $873,615
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS (3 of 3) June 30, 1999
ASSETS EUA EUA EUA FRC II EC&S I EC&S II (Partnership) (Partnership) (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 77,490 11,573,265 18,146,130 Less accumulated provision for depreciation 77,490 3,577,687 10,231,585 Net non-utility property 7,995,578 7,914,545 Investments in subsidiaries (at equity) Excess of carrying values of investments in subsidiaries Notes receivable 155,791 Leases receivable 1,058,400 1,595,674 Other 398,983 55,531 Total Utility Plant and Other Investments 9,608,752 9,565,750 Current Assets: Cash and temporary cash investments 52,909 188,663 367,243 Notes receivable 13,681 Leases receivable 110,233 508,520 Accounts receivable - Net: Customers 1,312,110 215,622 Accrued unbilled revenue Others 198,274 764,235 Accounts receivable - associated companies Materials and supplies (at average cost): Plant materials and operating supplies Other current assets Total Current Assets 52,909 1,822,961 1,855,620 Deferred Debits: Unamortized debt expense 248,794 248,794 Unrecovered regulatory plant costs Other deferred debits 3,378,781 1,982,095 Total Deferred Debits 3,627,575 2,230,889 Total Assets $145,514,925 $58,672,295 $147,309,906
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS (1 of 2) June 30, 1999
LIABILITIES EUA EUA EUA EUA Day Matrix EUA Cogenex Cogenex Day (fka Day I & II) NEM Consolidated Elimination Corporation (Division) (Division) Inc. Capitalization: Common equity $44,538,474 $15,002,420 $44,151,941 $3,648,339 ($3,173,105) $9,089,664 Non-redeemable preferred stock of subs. Redeemable preferred stock of subsidiaries - net 75 Preferred stock redemption cost Partnerships' capital 23,188,120 Long-term debt - net 72,300,000 72,300,000 Total Capitalization 116,838,549 38,190,540 116,451,941 3,648,339 (3,173,105) 9,089,664 Current Liabilities: Preferred stock sinking fund requirements Long-term debt due within one year 6,700,000 6,700,000 Notes payable 13,646,367 16,063,210 13,700,000 1,672,073 3,619,406 150,000 Accounts payable 499,792 (8,336) 625,032 Accounts payable - associated companies 1,071,294 4,214,572 1,432,654 3,596,752 281,648 (4,382) Customer deposits Taxes accrued 35,563 4,153 3,526 Interest accrued 1,171,967 213,973 1,171,968 14,662 152,899 Dividends declared Other current liabilities 8,607,227 7,168,551 110,013 Total Current Liabilities 31,732,210 20,491,755 30,168,990 6,022,058 4,053,953 145,618 Deferred Credits: Unamortized investment credit Other deferred credits 2,095,201 (10,000) 1,785,672 230,985 933 Total Deferred Credits 2,095,201 (10,000) 1,785,672 230,985 933 Accumulated deferred taxes (5,151,035) (1,096,697) (3,293,698) Commitments and contingencies Total Liabilities and Capitalization $145,514,925 $58,672,295 $147,309,906 $9,901,382 $880,848 $5,942,517 ( ) Denotes Contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS (2 of 3) June 30, 1999
LIABILITIES EUA EUA EUA COGENEX EUA Cogenex Citizens WEST MUPA Canada Corporation Corporation (Partnership) Capitalization: Common equity $696,833 $591,077 $4,536,145 Non-redeemable preferred stock of subs. Redeemable preferred stock of subsidiaries - net 75 Preferred stock redemption cost Partnerships' capital (29) Long-term debt - net Total Capitalization 696,833 591,152 4,536,145 (29) Current Liabilities: Preferred stock sinking fund requirements Long-term debt due within one year Notes payable (52,320) 3,898,159 6,722,259 Accounts payable (95,985) 3,840 (24,759) Accounts payable - associated companies (148,519) 46,554 18,938 29 Customer deposits Taxes accrued 26,186 70 1,628 Interest accrued 17,376 29,035 Dividends declared Other current liabilities 130,392 339,955 250,952 Total Current Liabilities (140,246) 4,305,954 6,998,053 29 Deferred Credits: Unamortized investment credit Other deferred credits 65,453 41,845 14,135 Total Deferred Credits 65,453 41,845 14,135 Accumulated deferred taxes (6,183) 145,315 (899,772) Commitments and contingencies Total Liabilities and Capitalization $615,857 $5,084,266 $10,648,561 ( ) Denotes Contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS (3 of 3) June 30, 1999
LIABILITIES EUA EUA EUA EUA WestCoast FRC II EC&S I EC&S II (Partnership) (Partnership) (Partnership) (Partnership) Capitalization: Common equity Non-redeemable preferred stock of subs. Redeemable preferred stock of subsidiaries - net Preferred stock redemption cost Partnerships' capital 867,842 52,909 11,261,557 11,005,841 Long-term debt - net Total Capitalization 867,842 52,909 11,261,557 11,005,841 Current Liabilities: Preferred stock sinking fund requirements Long-term debt due within one year Notes payable Accounts payable Accounts payable - associated companies 5,773 9,229 47,190 Customer deposits Taxes accrued Interest accrued Dividends declared Other current liabilities 167,367 439,997 Total Current Liabilities 5,773 176,596 487,187 Deferred Credits: Unamortized investment credit Other deferred credits (5,959) (47,863) Total Deferred Credits (5,959) (47,863) Accumulated deferred taxes Commitments and contingencies Total Liabilities and Capitalization $873,615 $52,909 $11,432,194 $11,445,165 ( ) Denotes Contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING INCOME STATEMENTS (1 of 3) FOR THE SIX MONTHS ENDED JUNE 30, 1999
EUA EUA EUA EUA Day Matrix EUA Cogenex Cogenex Day (fka Day I & II) NEM Consolidated Elimination Corporation (Division) (Division) Inc. Operating Revenues $20,190,186 $7,049,937 $3,243,148 $41,051 $1,807,150 Operating Expenses: Operation 14,117,765 5,524,248 2,973,055 660,947 51,929 Maintenance 575,758 214,582 7,876 Depreciation and amortization 5,433,325 2,804,015 158,359 115,004 275,093 Taxes - Other than income 400,898 183,792 118,069 16,755 - Income (credit) (1,436,743) (1,902,484) 356,092 - Deferred (822,620) (955,897) 160,823 Total Operating Expenses 18,268,383 5,868,256 3,249,483 792,706 851,813 Operating Income 1,921,804 1,181,681 (6,335) (751,655) 955,337 Other Income and Deductions: Interest and dividend income 2,831,066 394,407 2,765,099 66,882 Equity in earnings of jointly- owned companies 68,809 1,640,372 1,709,181 Allowance for other funds used during construction Other (deductions) income - net (4,815,295) (4,790,780) 150 Total Other Income (1,915,420) 2,034,779 (316,500) 67,032 Income (Loss) Before Interest Charges 6,384 2,034,779 865,181 60,697 (751,655) 955,337 Interest Charges: Interest on long-term debt 3,517,414 3,517,414 Amortization of debt expense and premium Other interest expense (principally short-term notes) 434,493 394,407 431,628 43,778 84,862 Allowance for borrowed funds used during construction - (credit) (122,776) (60,000) (20,712) Total Interest Charges 3,829,131 394,407 3,889,042 23,066 84,862 Net Income (Loss) before preferred return (3,822,747) 1,640,372 (3,023,861) 37,631 (836,517) 955,337 Preferred Return Requirement Net (Loss) Income ($3,822,747) $1,640,372 ($3,023,861) $37,631 ($836,517) $955,337
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING INCOME STATEMENTS (2 of 3) FOR THE SIX MONTHS ENDED JUNE 30, 1999
EUA EUA EUA COGENEX EUA Cogenex Citizens WEST MUPA Canada Corporation Corporation (Partnership) Operating Revenues $3,861,623 1,818,669 Operating Expenses: Operation 79,039 3,165,662 1,564,330 (1) Maintenance 35,122 29,361 Depreciation and amortization 4,408 288,282 288,106 Taxes - Other than income 1,727 52,980 27,575 - Income (credit) (2,959) 104,032 8,576 - Deferred (6,182) (4,294) (17,070) Total Operating Expenses 76,033 3,641,784 1,900,878 (1) Operating Income (76,033) 219,839 (82,209) 1 Other Income and Deductions: Interest and dividend income 4,626 165,961 Equity in earnings of jointly- owned companies Allowance for other funds used during construction Other (deductions) income - net 61,336 (100) (52,376) Total Other Income 65,962 (100) 113,585 Income (Loss) Before Interest Charges (10,071) 219,739 31,376 1 Interest Charges: Interest on long-term debt Amortization of debt expense and premium Other interest expense (principally short-term notes) 95,264 173,368 Allowance for borrowed funds used during construction - (credit) (20,995) (21,069) Total Interest Charges 74,269 152,299 Net Income (Loss) before preferred return (10,071) 145,470 (120,923) 1 Preferred Return Requirement Net (Loss) Income ($10,071) $145,470 ($120,923) $1
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING INCOME STATEMENTS (3 of 3) FOR THE SIX MONTHS ENDED JUNE 30, 1999
EUA EUA EUA EUA WestCoast FRC II EC&S I EC&S II (Partnership) (Partnership) (Partnership) (Partnership) Operating Revenues $217,048 $881,763 $1,269,797 Operating Expenses: Operation 381 53,865 44,309 Maintenance 14,451 94,231 180,135 Depreciation and amortization 80,262 400,250 1,019,546 Taxes - Other than income - Income (credit) - Deferred Total Operating Expenses 95,094 548,346 1,243,990 Operating Income 121,954 333,417 25,807 Other Income and Deductions: Interest and dividend income 27,643 71,515 123,747 Equity in earnings of jointly- owned companies Allowance for other funds used during construction Other (deductions) income - net (151) (594) (32,780) Total Other Income 27,492 70,921 90,967 Income (Loss) Before Interest Charges 149,446 404,338 116,774 Interest Charges: Interest on long-term debt Amortization of debt expense and premium Other interest expense (principally short-term notes) Allowance for borrowed funds used during construction - (credit) Total Interest Charges Net Income (Loss) before preferred return 149,446 404,338 116,774 Preferred Return Requirement Net (Loss) Income $149,446 $404,338 $116,774
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENTS OF CASH FLOWS (1 of 3) FOR THE SIX MONTHS ENDED JUNE 30, 1999
EUA EUA EUA EUA Day Matrix Cogenex Cogenex Day (fka Day I & II) Consolidated Elimination Corporation (Division) (Division) CASH FLOW FROM OPERATING ACTIVITIES: Net Income (Loss) ($3,822,747) $1,640,372 ($3,023,861) $37,631 ($836,517) Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: Depreciation and amortization 5,676,741 3,047,436 158,358 115,004 Deferred taxes (822,620) (955,897) Gains on sales of investments in energy savings projects paid for with notes and leases receiv. (489,612) (1) (489,613) Costs of energy savings cash sales type projects 4,095,153 1 2,427,452 Pension liability 9,457 9,457 Amortization of deferred revenues Collections of prin port of project notes and leases receivable 3,996,044 1,557,595 Undistributed Equity earnings of subsidiaries 3,061,061 3,061,061 Other - net (337,158) (338,353) (1,642,481) 1,094,417 Net Changes to Working Capital: Accounts receivable 4,686,334 4,976,403 6,088,030 479,804 (292) Materials and supplies (29,161) 3,877 (33,038) Accounts payable (1,067,145) (4,923,489) (2,597,791) 581,014 51,645 Accrued taxes (27,162) (1,530) (10,931) Accrued interest (15,828) (1,497,625) (15,829) (464,641) 84,862 Other - net 4,729,170 1,497,621 6,088,080 (4,538) Net Cash Provided from (Used in) Operating Activ. 16,581,465 4,415,990 13,552,109 1,874,991 (618,336) CASH FLOW FROM INVESTING ACTIVITIES: Expenditures for investments in energy savings projects (15,340,553) (11,017,523) (2,762,167) Collections on financing notes and leases receivable 5,681,056 5,681,056 Proceeds from sale of Assets Investments in subsidiaries Net Cash Provided from (Used in) Investing Activ. (9,659,497) (5,336,467) (2,762,167) CASH FLOW FROM FINANCING ACTIVITIES: Redemption: Long-term debt (5,100,000) (5,100,000) Premium on reacquisition and financing expenses Dividends declared (1,000,000) Capital contribution - EUA Partner's contribution (withdrawal) (3,754,340) Net increase (decrease) in short-term debt (2,462,071) 338,350 (2,460,000) (128,986) 618,336 Net Cash Provided from (Used in) Financing Activ. (7,562,071) (4,415,990) (7,560,000) (128,986) 618,336 NET (DECREASE) INCREASE IN CASH (640,103) 655,642 (1,016,162) 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 $2,142,318 $444,896 $342,954 Cash paid during the year for: Interest (net of amounts capitalized) $3,780,447 $3,780,447 Income Taxes ($1,373,019) ($1,552,592) Conversion of investments in energy saving projects to notes and leases receivable ( ) Denotes contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENTS OF CASH FLOWS (2 of 3) FOR THE SIX MONTHS ENDED JUNE 30, 1999
EUA EUA EUA EUA EUA NEM Cogenex Citizens Cogenex West MUPA Inc Canada Corporation Corporation (Partnership) CASH FLOW FROM OPERATING ACTIVITIES: Net Income (Loss) $955,337 ($10,071) $145,470 ($120,923) $1 Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: Depreciation and amortization 275,090 4,404 288,284 288,106 0 Deferred taxes 160,823 (6,182) (4,294) (17,070) 0 Gains on sales of investments in energy savings projects paid for with notes and leases receiv. Costs of energy savings cash sales type projects 1,328,769 Pension liability Amortization of deferred revenues Collections of prin port of project notes and leases receivable 23,712 1,998,698 Undistributed Equity earnings of subsidiaries Other - net 944 990 (2,780) 25,092 11,574 Net Changes to Working Capital: Accounts receivable 308,108 (164,061) 442,493 418,731 (15,552) Materials and supplies Accounts payable (430,480) 25,648 (737,226) (1,324,065) 3,978 Accrued taxes (7,987) (109) (6,605) Accrued interest (433,237) (684,608) Other - net (48,494) 120,089 107,483 23,749 Net Cash Provided from (Used in) Operating Activ. 1,269,822 (182,041) (181,310) 2,013,608 23,749 CASH FLOW FROM INVESTING ACTIVITIES: Expenditures for investments in energy savings projects (73,383) (62,479) (1,466,730) Collections on financing notes and leases receivable Proceeds from sale of Assets Investments in subsidiaries Net Cash Provided from (Used in) Investing Activities (73,383) (62,479) (1,466,730) CASH FLOW FROM FINANCING ACTIVITIES: Redemption: Long-term debt Premium on reacquisition and financing expenses Dividends declared 1,000,000) Capital contribution - EUA Partner's contribution(withdrawal) (23,749) Net increase (decrease) in short-term debt 179,500 (332,571) Net Cash Provided from (Used in) Financing Activ. 1,000,000) 179,500 (332,571) (23,749) NET (DECREASE) INCREASE IN CASH 269,822 (255,424) (64,289) 214,307 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 $287,942 $61,619 ($36,801) $372,095 Cash paid during the year for: Interest (net of amounts capitalized) Income Taxes $135,456 $36,236 $7,881 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 (3 of 3) FOR THE SIX MONTHS ENDED JUNE 30, 1999
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) $149,446 $404,338 $116,774 Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: Depreciation and amortization 80,262 400,252 1,019,545 Deferred taxes Gains on sales of investments in energy savings projects paid for with notes and leases receiv. 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 78,199 220,314 Undistributed Equity earnings of subsidiaries Other - net 35,602 (90,626) (108,243) Net Changes to Working Capital: Accounts receivable (13,916) (35,602) 90,687 2,064,307 Materials and supplies Accounts payable (240,625) (29,416) (190,340) (1,102,976) Accrued taxes Accrued interest Other - net (23,817) (22,318) (68,820) 55,377 Net Cash Provided from (Used in) Operating Activities 68,876 (51,734) 758,658 2,469,063 CASH FLOW FROM INVESTING ACTIVITIES: Expenditures for investments in energy savings projects 202,740 82,325 (181,376) (61,960) 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 (181,376) (61,960) 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) (30,591) (950,000) (2,240,000) Net increase (decrease) in short-term debt Net Cash Provided from (Used in) Financing Activ. (300,000) (30,591) (950,000) (2,450,000) NET (DECREASE) INCREASE IN CASH (28,384) (372,718) (42,897) 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 $60,798 $52,909 $188,663 $367,243 Cash paid during the year for: Interest (net of amounts capitalized) Income Taxes Conversion of investments in energy saving projects to notes and leases receivable ( ) Denotes contra
Business Line Project Equipment in Service Revenues as of 6/30/99 as of 6/30/99 Demand Side Mgmt./Energy Mgmt. Service $80,819,042 $16,828,755 Manufacturing and Fabrication $3,284,200 Consulting $77,231 TOTAL $80,819,042 $20,190,186 Geographic Location Project Equipment in Service Revenues as of 6/30/99 as of 6/30/99 New England / New York Region $54,256,723 $14,176,008 United States excluding New England $26,562,319 $6,014,178 and New York Canada 0 0 All areas of the world excluding the U.S. and Canada TOTAL $80,819,042 $20,190,186 EX-27 2 FDS
OPUR1 1000 6-MOS DEC-31-1999 JUN-30-1999 PER-BOOK 0 95657 46231 3627 0 145515 0 47048 (2509) 44539 0 0 72300 0 13646 0 6700 0 0 0 8330 145515 20190 (2259) 20527 18268 1922 (1916) 6 3829 (3823) 0 (3823) 0 3517 16581 0 0
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