-----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, J4ETDGNp0zoF2HfDpEp0IWTdlOZo9S3sO6+mWpRTAqKbQlNjvUFvcglpV0zLpnda 6GUn2kGDHebqX/d9O+Xizw== 0000070145-01-500029.txt : 20010516 0000070145-01-500029.hdr.sgml : 20010516 ACCESSION NUMBER: 0000070145-01-500029 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20010515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL FUEL GAS CO CENTRAL INDEX KEY: 0000070145 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 131086010 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: SEC FILE NUMBER: 070-09525 FILM NUMBER: 1639256 BUSINESS ADDRESS: STREET 1: 10 LAFAYETTE SQ CITY: BUFFALO STATE: NY ZIP: 14203 BUSINESS PHONE: 7168576980 MAIL ADDRESS: STREET 1: 10 LAFAYETTE SQ STREET 2: 10 LAFAYETTE SQ CITY: BUFFALO STATE: NY ZIP: 14203 35-CERT 1 fourth.htm FOURTH CERT. - 9525 fourth cert. to rule 24 - 9525

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

         In the Matter of

NATIONAL FUEL GAS COMPANY                                  FOURTH
NATIONAL FUEL GAS SUPPLY CORPORATION                       CERTIFICATE
NATIONAL FUEL RESOURCES, INC.                              PURSUANT TO
SENECA RESOURCES CORPORATION                               RULE 24
UPSTATE ENERGY INC.

File No. 70-9525
(Public Utility Holding Company Act of 1935)

         THIS IS TO CERTIFY, pursuant to Rule 24, that certain transactions proposed by National Fuel Gas Company (“National”), and its subsidiary, Seneca Resources Corporation (“Seneca”), in the Application-Declaration on Form U-1, as amended, (“Application-Declaration”) in SEC File No. 70-9525, have been carried out in accordance with the terms and conditions, and for the purposes as represented by said Application-Declaration, and the Order of the Securities and Exchange Commission (“Commission”) (HCAR No. 35-27114 dated December 16, 1999) with respect thereto, as amended.

I.        Name and Purpose of Foreign Energy Affiliates
          Formed Or In Which Interests Were Acquired:

             During the quarter ended March 31, 2001 (“Quarter”), no new “Foreign Energy Affiliates” were acquired. National Fuel Exploration Corp. (“Exploration”), a wholly-owned subsidiary of Seneca Resources Corporation, continues to be the only “Foreign Energy Affiliate” in the National system.

II.        Foreign Energy Affiliate Financial Statements:

             The following exhibits are attached to and made a part of this Certificate:

                                    Exhibit A - Income Statement of Exploration for the quarter ended
                                                       March 31, 2001

                                    Exhibit B - Balance Sheet of Exploration as of March 31, 2001

III.        Description of Specific Activities:

             During the Quarter, Exploration continued to operate its oil and gas exploration and production business in Canada.

IV.        Percentage of Revenues Attributable to the Sale of Energy Commodities in Canada:

             During the Quarter, Exploration’s Canadian oil sales represented approximately 36.90% of the total revenues generated by Seneca (on a consolidated basis, net of hedging) from the sale of oil.

             During the Quarter, Exploration’s Canadian natural gas sales represented approximately 1.16% of the total revenues generated by Seneca (on a consolidated basis, net of hedging) from the sale of natural gas.

             IN WITNESS WHEREOF, the undersigned companies have caused this Certificate to be executed as of this 14th day of May, 2001.

                                         NATIONAL FUEL GAS COMPANY



                                         By:  /s/ P. C. Ackerman
                                            -----------------------------------
                                              P. C. Ackerman,
                                              President


                                         SENECA RESOURCES CORPORATION



                                         By:  /s/ J. A. Beck
                                            -----------------------------------
                                              J. A. Beck,
                                              President
EX-99 2 income.htm INCOME STATEMENT income statement 

                                                                       EXHIBIT A

                        NATIONAL FUEL EXPLORATION CORP.
                                INCOME STATEMENT
                          PERIOD ENDING MARCH 31, 2001
                                  (Unaudited)


Operating Revenue:
- -----------------
  Gas Sales                                      $         0
  Other Operating Revenue                         16,010,994
                                                 -----------
Operating Revenue                                 16,010,994
                                                 -----------

Operating Expenses:
- ------------------
  Purchased Gas Sold                                       0
  Fuel For Generation                                      0
  Operation Expenses                               6,270,954
  Maintenance Expenses                                     0
  Property, Franchise & Other Taxes                1,804,907
  Depreciation, Depletion & Amortization           3,949,783
  Impairment of O&G                                        0
  Federal Income Taxes                               172,241
  State Income Taxes                                       0
  Deferred Inc Tax-Net                             1,097,743
  Invest Tax Cr Adjust                                     0
                                                 -----------
Operating Expenses                                13,295,628
                                                 -----------
Operating Income / (Loss)                          2,715,366
                                                 -----------

Other Income:
- ------------
  Unremitted earnings of Subsidiaries                      0
  Dividends from Subsidiaries                              0
  Intercompany Interest Income                             0
  Appliance & Jobbing                                      0
  Miscellaneous Income                                     0
  Investment Tax Credit                                    0
  AFUDC                                                    0
  Other Interest Income                               64,662
                                                 -----------
  Other Income/ (Loss)                                64,662
                                                 -----------

Income Before Interest Charges                     2,780,028
                                                 -----------

Interest Charges:
- ----------------
  Interest Charges on L/T Debt                             0
  Intercompany Interest Expense                    2,251,508
  Other Interest Expenses                             35,292
  ABFUDC                                                   0
                                                 -----------
  Interest Charges                                 2,286,799
                                                 -----------

Minority Interest in Foreign Subs                          0

Income Before Cumulative Effect                      493,228
                                                 -----------

Cumulative Effect of Change in Acctg                       0
                                                 -----------

                                                 $   493,228
                                                 ===========

See Notes to Consolidated Financial Statements included in Item 8 of National
Fuel Gas Company's Form 10-K for the fiscal year ended September 30, 2000 and in
Item 1 of Part I of National Fuel Gas Company's Form 10-Q for the quarters ended
December 31, 2000 and March 31, 2001.
EX-99 3 balance.htm BALANCE SHEET balance sheet 

                                                                       EXHIBIT B

                         NATIONAL FUEL EXPLORATION CORP.
                                  BALANCE SHEET
                                AT MARCH 31, 2001
                                   (Unaudited)

Assets
- ------
Property Plant & Equipment
   Gas Utilities                                       $          0
   Non-Utilities                                        273,602,266
   Accumulated D, D & A                                 (16,840,456)
                                                       ------------
Net Property, Plant & Equipment                         256,761,810
                                                       ------------

Current Assets:
   Cash                                                     527,559
   Temporary Cash Investments                             1,323,072
   Notes Receivables - Intercompany                               0
   Reserve for Doubtful Acct                                      0
   Accts Receivable - Intercompany                                0
   Accts Receivable - Customer                                    0
   Other Accounts Receivable                              6,051,860
   Unbilled Utility Revenue                                       0
   Dividends Receivable - Intercompany                            0
   Materials/Supplies - Average Cost                      2,116,773
   Gas Stored Underground                                         0
   Unrecovered Purch Gas Cost                                     0
   Prepayments                                               92,769
                                                       ------------
   Notes Receivable                                               0
                                                       ------------
Current Assets                                           10,112,034
                                                       ------------

Other Assets:
   Stock of Subsidiaries - Intercompany                           0
   Notes of Subsidiaries - Intercompany                           0
   Investments in Associated Companies                            0
   Recoverable Future Taxes                                       0
   Unamortized Debt Expense                                       0
   Other Regulatory Assets                                        0
   Deferred Charges                                         149,794
   Other Assets                                                   0
   Long Term Notes Receivable                                     0
                                                       ------------
Other Assets                                                149,794
                                                       ------------

Total Assets                                           $267,023,637
                                                       ============


Capitalization & Liability
- --------------------------

Capitalization:
   Common Stock $1 Par Value                           $          0
   Capital Stock of Subsidiaries                                  0
  Paid in Capital                                        78,444,748
   Earnings Reinvested in Business                        8,612,391
   Cumulative Translation Adjustment                    (15,371,194)
   Unrealized Gain/Loss                                  (9,378,483)
                                                       ------------
Total Common Stock Equity                                62,307,462
                                                       ------------

   Long-Term Debt Net of Current Portion                          0
   Notes Payable - Intercompany - Long Term             153,086,698
                                                       ------------
Total Capitalization                                    215,394,161
                                                       ------------

Minority Interest in Foreign Subs                                 0

Liabilities:
   Notes Payable - Bank & Commercial Paper                        0
   Notes Payable - Intercompany                                   0
   Long Term Debt Due Current                                     0
   Accounts Payable - Other                              11,495,104
   Amounts Payable to Customer                                    0
   Dividends Payable                                              0
   Accounts Payable - Intercompany                       11,538,728
   Dividends Payable -  Intercompany                              0
   Customer Deposits                                              0
   Reserves for Gas Replacement                                   0
   Estimated Revenue Refunds                                      0
   Federal Income Tax                                       186,430
   Other Taxes                                                    0
   Other Accruals                                                 0
   Accr Pension Contribution                                      0
                                                       ------------
Total Current Liabilities                                23,220,262
                                                       ------------

Deferred Credits:
   Accumulated Deferred Income Tax                       13,054,089
   Taxes Refunded to Customer                                     0
   Unamortized Investment Tax Credit                              0
   Liability For Deriv Financial Instruments             15,323,772
                                                       ------------
   Other Deferred Credit                                     31,354
                                                       ------------
Total Deferred Credits                                   28,409,214
                                                       ------------

Total Capitalization & Liabilities                     $267,023,637
                                                       ============


See Notes to Consolidated Financial Statements included in Item 8 of National
Fuel Gas Company's Form 10-K for the fiscal year ended September 30, 2000 and in
Item 1 of Part I of National Fuel Gas Company's Form 10-Q for the quarters ended
December 31, 2000 and March 31, 2001.
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