-----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, aDReTVUjNk3KX1VqrqrEqiuLDnT2Un0Xa7ln7QHkZ0CxwU+qZ0XkwfXfyuwcoX+E bFxJfYfZUJuJ0kltSxjrKw== 0000070145-95-000021.txt : 19950515 0000070145-95-000021.hdr.sgml : 19950515 ACCESSION NUMBER: 0000070145-95-000021 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 19950214 SROS: NONE 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: 1935 Act SEC FILE NUMBER: 070-08297 FILM NUMBER: 95509947 BUSINESS ADDRESS: STREET 1: 30 ROCKEFELLER PLZ CITY: NEW YORK STATE: NY ZIP: 10112 BUSINESS PHONE: 2125417533 35-CERT 1 4TH RULE 24 - MONEY POOL PAGE 1 OF 10 UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION ____________________________________________ In the Matter of NATIONAL FUEL GAS COMPANY FOURTH NATIONAL FUEL GAS DISTRIBUTION CORPORATION CERTIFICATE NATIONAL FUEL GAS SUPPLY CORPORATION PURSUANT TO SENECA RESOURCES CORPORATION RULE 24 UTILITY CONSTRUCTORS, INC. HIGHLAND LAND & MINERALS, INC. LEIDY HUB, INC. DATA-TRACK ACCOUNT SERVICES, INC. NATIONAL FUEL RESOURCES, INC. File No. 70-8297 (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 subsidiaries, National Fuel Gas Distribution Corporation ("Distribution Corporation"), National Fuel Gas Supply Corporation ("Supply Corporation"), Seneca Resources Corporation ("Seneca"), Utility Constructors, Inc. ("UCI"), Highland Land & Minerals, Inc. ("Highland"), Leidy Hub, Inc. ("Leidy"), Data-Track Account Services, Inc. ("Data-Track") and National Fuel Resources, Inc. ("NFR") in Form U-1, Application-Declaration, File No. 70-8297, as amended, 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. 35-25964 dated December 29, 1993) with respect thereto. Note that, on July 1, 1994, Penn-York Energy Corporation ("Penn-York") merged with Supply Corporation, with Supply Corporation as the surviving entity (see File No. 70-8135, HCAR No. 35-25811). Because of certain FERC ratemaking considerations, Supply Corporation found it necessary to separately account for Penn-York associated borrowings until the FERC approved of Supply Corporation's tariff rates that effected the combination of the Supply Corporation and Penn-York assets. During the quarter ended December 31, 1994 the following borrowing transactions occurred: 1. Sales and resales of commercial paper for the quarter are shown on the attached certificates of Merrill Lynch Money Markets, Inc. and Chase Securities, Inc. PAGE 2 OF 10 2. National increased its outstanding borrowings by issuing and selling short-term notes in the following amounts to Chase Manhattan Bank, N.A., or other banks or financial institutions as listed in the Application-Declaration on the dates and at the rates indicated below. The proceeds from the sales of these notes were either used by National for its own corporate purposes or transferred by National to the System Money Pool to be utilized by National's subsidiaries. This schedule also reflects renewals at different rates. DATE AMOUNT RATE 10/3/94 $11,800,000 4.93% 10/3/94 11,000,000 5.14 10/4/94 10,000,000 4.94 10/5/94 8,100,000 4.88 10/6/94 13,800,000 4.82 10/7/94 12,400,000 4.94 10/11/94 15,000,000 5.39 10/11/94 8,000,000 4.88 10/12/94 7,900,000 4.82 10/13/94 7,100,000 4.88 10/14/94 12,500,000 5.70 10/14/94 12,500,000 5.70 10/14/94 10,000,000 4.88 10/14/94 7,900,000 4.675 10/17/94 8,800,000 4.80 10/18/94 10,300,000 4.87 10/19/93 16,800,000 4.82 10/20/94 19,900,000 4.89 10/21/94 8,000,000 5.70 10/21/94 10,000,000 4.97 10/24/94 2,800,000 4.87 10/24/94 10,000,000 4.96 10/25/94 11,700,000 4.84 10/26/94 12,900,000 4.88 10/26/94 10,000,000 5.02 10/27/94 12,100,000 4.87 10/28/94 12,500,000 4.87 10/31/94 10,000,000 5.35 10/31/94 10,000,000 5.70 10/31/94 3,800,000 5.00 11/1/94 5,000,000 4.93 11/2/94 8,100,000 4.90 11/2/94 7,000,000 4.90 11/3/94 8,600,000 4.80 11/3/94 10,000,000 5.22 PAGE 3 OF 10 11/4/94 7,100,000 5.27 11/7/94 8,700,000 4.86 11/8/94 5,400,000 4.80 11/9/94 10,100,000 4.80 11/9/94 10,000,000 5.30 11/10/94 7,500,000 4.93 11/14/94 7,600,000 5.24 11/15/94 4,300,000 5.74 11/16/94 12,400,000 5.60 11/17/94 10,700,000 5.61 11/18/94 10,600,000 5.55 11/21/94 13,600,000 5.61 11/22/94 4,100,000 5.55 11/22/94 10,000,000 6.08 11/23/94 14,700,000 5.70 11/25/94 10,400,000 5.74 11/28/94 11,100,000 5.75 11/29/94 9,200,000 5.65 11/30/94 16,700,000 5.86 12/1/94 10,100,000 6.23 12/2/94 6,000,000 5.70 12/5/94 9,600,000 5.61 12/6/94 5,100,000 5.49 12/7/94 2,100,000 5.36 12/9/94 4,900,000 5.56 12/12/94 10,000,000 6.23 12/12/94 9,800,000 5.67 12/13/94 10,000,000 6.18 12/13/94 5,000,000 5.48 12/14/94 8,000,000 6.20 12/14/94 11,000,000 5.47 12/15/94 12,400,000 5.65 12/16/94 11,400,000 5.55 12/19/94 12,700,000 5.55 12/20/94 5,500,000 5.54 12/20/94 5,000,000 6.26 12/20/94 10,000,000 6.30 12/21/94 4,200,000 5.78 12/22/94 4,500,000 5.78 12/22/94 10,000,000 6.10 12/22/94 5,000,000 6.01 12/23/94 6,600,000 5.98 12/27/94 15,000,000 5.90 12/27/94 4,100,000 5.85 12/27/94 5,000,000 6.17 12/28/94 23,500,000 5.70 12/28/94 4,900,000 5.66 12/29/94 4,900,000 5.86 12/29/94 10,000,000 5.92 12/29/94 9,000,000 5.65 12/30/94 13,600,000 6.75 PAGE 4 OF 10 3. Supply Corporation (non-Penn-York) transferred the following amounts to the System Money Pool on the dates and at the rates indicated below. These amounts were either used to decrease outstanding System borrowings and/or commercial paper or utilized by National's other subsidiaries. DATE AMOUNT RATE 10/3/94 $ 2,500,000 5.04% 10/6/94 600,000 5.07 10/7/94 17,800,000 5.07 10/13/94 3,000,000 5.10 10/24/94 500,000 4.97 10/25/94 7,600,000 4.96 10/26/94 2,200,000 4.98 10/27/94 2,800,000 4.98 10/28/94 5,900,000 4.98 11/8/94 15,400,000 5.22 11/14/94 2,000,000 5.24 11/25/94 1,700,000 5.58 11/28/94 17,000,000 5.60 12/1/94 9,200,000 5.62 12/8/94 11,700,000 6.07 12/14/94 1,700,000 6.13 12/22/94 800,000 5.97 12/23/94 6,400,000 6.04 12/27/94 900,000 6.07 12/29/94 14,700,000 6.10 4. Supply Corporation (non-Penn-York) borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below. None. Supply Corporation (Penn-York related) borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below. DATE AMOUNT RATE 10/3/94 $1,200,000 5.013% 10/6/94 100,000 5.006 10/12/94 100,000 5.073 10/25/94 1,400,000 5.166 10/26/94 200,000 5.157 10/28/94 100,000 5.157 10/31/94 100,000 5.212 PAGE 5 OF 10 11/1/94 300,000 5.207 11/2/94 100,000 5.194 11/9/94 100,000 5.263 11/17/94 100,000 5.371 11/25/94 1,300,000 5.473 11/29/94 100,000 5.525 11/30/94 100,000 5.569 12/1/94 100,000 5.582 12/9/94 1,000,000 5.706 12/14/94 3,400,000 5.826 12/22/94 1,300,000 5.927 12/29/94 500,000 5.988 5. Distribution Corporation transferred the following amounts to the System Money Pool on the dates and at the rates indicated below. These amounts were either used to decrease outstanding System borrowings and/or commercial paper or utilized by National's other subsidiaries. None. 6. Distribution Corporation borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below: DATE AMOUNT RATE 10/13/94 $ 2,400,000 5.079 10/14/94 7,600,000 5.161 10/17/94 800,000 5.168 10/18/94 1,900,000 5.170 10/20/94 2,500,000 5.167 10/25/94 14,000,000 5.166 10/26/94 5,500,000 5.157 10/31/94 6,100,000 5.212 11/1/94 900,000 5.207 11/14/94 400,000 5.319 11/21/94 2,900,000 5.399 11/23/94 900,000 5.457 11/25/94 11,300,000 5.473 11/28/94 800,000 5.530 11/30/94 2,000,000 5.569 12/1/94 3,900,000 5.582 12/12/94 1,100,000 5.763 12/14/94 2,000,000 5.826 12/15/94 800,000 5.837 12/20/94 7,600,000 5.879 12/23/94 1,800,000 5.932 12/27/94 22,100,000 5.935 12/30/94 1,700,000 6.057 PAGE 6 OF 10 7. National transferred the following amounts to the System Money Pool on the dates and at the rates indicated below. These amounts were either used to decrease outstanding System borrowings and/or commercial paper or utilized by National's other subsidiaries. DATE AMOUNT RATE 10/12/94 $ 300,000 5.14% 10/17/94 1,200,000 5.01 10/19/94 1,400,000 4.96 10/20/94 3,800,000 4.96 11/1/94 2,300,000 5.00 11/2/94 500,000 5.02 11/17/94 1,100,000 5.58 11/18/94 1,400,000 5.70 11/21/94 3,800,000 5.59 12/1/94 600,000 5.62 12/2/94 2,600,000 6.00 12/19/94 1,900,000 6.12 12/20/94 300,000 6.15 12/21/94 3,800,000 6.04 8. Seneca transferred the following amounts to the System Money Pool on the dates and at the rates indicated below. These amounts were either used to decrease outstanding System borrowings and/or commercial paper or utilized by National's other subsidiaries. None. 9. Seneca borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below: DATE AMOUNT RATE 10/11/94 $ 500,000 5.080% 10/12/94 100,000 5.073 10/14/94 6,000,000 5.161 10/17/94 200,000 5.168 10/25/94 200,000 5.166 10/31/94 1,800,000 5.212 11/1/94 900,000 5.207 11/2/94 500,000 5.194 11/4/94 200,000 5.229 11/7/94 400,000 5.227 11/10/94 400,000 5.276 PAGE 7 OF 10 11/14/94 100,000 5.319 11/15/94 1,000,000 5.332 11/16/94 300,000 5.359 11/18/94 200,000 5.375 11/22/94 2,500,000 5.424 11/30/94 2,600,000 5.569 12/7/94 100,000 5.650 12/9/94 600,000 5.706 12/12/94 500,000 5.763 12/15/94 100,000 5.837 12/16/94 900,000 5.819 12/19/94 1,700,000 5.638 12/27/94 1,200,000 5.935 In accordance with the terms of the Application- Declaration (Item 5) and the Order of the Commission in this proceeding dated December 29, 1993 (HCAR No. 35-25964), attached as Exhibit A is a copy of Seneca's Income Statement for the Three Months Ended December 31, 1994 and attached as Exhibit B is a copy of Seneca's Balance Sheet at December 31, 1994. 10. UCI transferred the following amounts to the System Money Pool on the dates and at the rates indicated below. These amounts were either used to decrease outstanding System borrowings and/or commercial paper or utilized by National's other subsidiaries. None. 11. UCI borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below: DATE AMOUNT RATE 10/21/94 $100,000 5.208% 10/24/94 100,000 5.192 10/26/94 200,000 5.157 11/7/94 100,000 5.227 12. Highland transferred the following amounts to the System Money Pool on the dates and at the rates indicated below. These amounts were either used to decrease outstanding System borrowings and/or commercial paper or utilized by National's other subsidiaries. PAGE 8 OF 10 DATE AMOUNT RATE 10/5/94 $ 600,000 5.05% 10/11/94 200,000 5.15 10/17/94 1,300,000 5.01 10/31/94 200,000 4.99 11/4/94 600,000 5.08 11/10/94 200,000 5.24 11/17/94 1,300,000 5.58 11/30/94 200,000 5.62 12/1/94 200,000 5.62 12/5/94 600,000 6.08 12/13/94 200,000 6.11 12/19/94 1,100,000 6.12 12/30/94 400,000 6.05 13. Highland borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below: None. 14. Leidy transferred the following amounts to the System Money Pool on the dates and at the rates indicated below. These amounts were either used to decrease outstanding System borrowings and/or commercial paper or utilized by National's other subsidiaries. None. 15. Leidy borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below: None. 16. Data-Track transferred the following amounts to the System Money Pool on the dates and at the rates indicated below. These amounts were either used to decrease outstanding System borrowings and/or commercial paper or utilized by National's other subsidiaries. DATE AMOUNT RATE 10/5/94 $400,000 5.05% 11/4/94 400,000 5.08 12/5/94 400,000 6.08 PAGE 9 OF 10 17. Data-Track borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below: None. In accordance with the terms of the Application- Declaration (Item 5) and the Order of the Commission in this proceeding dated December 29, 1993 (HCAR No. 35-25964), attached as Exhibit C is a copy of Data-Track's Income Statement for Fiscal 1994, and attached as Exhibit D is a copy of Data-Track's Balance Sheet at September 30, 1994. Also attached as Exhibit E is an analysis of the capital investments made by Data-Track and the costs of the cost of collection efforts and related benefits. 18. NFR transferred the following amounts to the System Money Pool on the dates and at the rates indicated below. These amounts were either used to decrease outstanding System borrowings and/or commercial paper or utilized by National's other subsidiaries. DATE AMOUNT RATE 10/3/94 $ 400,000 5.04% 10/4/94 300,000 5.01 10/5/94 200,000 5.05 10/11/94 200,000 5.15 10/12/94 200,000 5.14 10/13/94 700,000 5.10 10/17/94 1,700,000 5.01 10/18/94 200,000 4.98 10/20/94 700,000 4.96 11/2/94 100,000 5.02 11/4/94 500,000 5.08 11/7/94 400,000 5.11 11/8/94 200,000 5.22 11/10/94 200,000 5.24 11/14/94 500,000 5.24 11/17/94 1,900,00 5.58 11/18/94 200,000 5.70 11/21/94 200,000 5.59 12/5/94 400,000 6.08 12/7/94 200,000 6.11 12/8/94 400,000 6.07 12/12/94 300,000 6.09 12/13/94 200,000 6.11 12/16/94 500,000 6.13 12/19/94 1,600,000 6.12 12/22/94 100,000 5.97 PAGE 10 OF 10 19. NFR borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below: None. Dated: February 14, 1995 NATIONAL FUEL GAS COMPANY By: /s/Gerald T. Wehrlin Gerald T. Wehrlin Controller \JES\MONYPOOL\R24-4-95.WP EX-99 2 MERRILL LYNCH LETTER PAGE 1 OF 2 U.S. Debt Origination Debt and Equity Markets Group World Financial Center North Tower New York, New York 10281-1311 212 449 1000 MERRILL LYNCH January 9, 1995 Ms. Donna Cambas National Fuel Gas Company 10 Lafayette Square - Room 1100 New York, NY 14203 Dear Donna: This is to advise you that in connection with the distribution of commercial paper of National Fuel Gas Company from October 1, 1994 to December 31, 1994 no sales and resales were made by Merrill Lynch Money Markets Inc. for National Fuel Gas Company's commercial paper program. A summary of all trade activity for the quarter is attached, which reflects no sales or resales took place for the period indicated. Sincerely, /s/ E. Stewart Johnson E. Stewart Johnson Enclosure ESJ:gkr PAGE 2 OF 2 PROGRAM ISSUANCE TRADE DETAIL - CP 10/01/94 - 12/31/94 Pgm Fx/F1 Trade Dt Sett Dt MTY DTM PAR Rate Proceeds TOTALS ______ Number of Trans: 0 Total Par 0 Total Proceeds 0 Dollar Weighted Averages ________________________ Days to Mty: NaN Rate: NaN Programs: N1 NATIONAL FUEL GAS CO. EX-99 3 CHASE MANHATTAN LETTER PAGE 1 OF 2 Chase Securities, Inc. One Chase Manhattan Plaza New York, New York 10081 CHASE January 9, 1995 Ms. Donna Cambas National Fuel Gas Company 10 Lafayette Square - Room 1500 Buffalo, New York 14203 Dear Ms. Cambas: This is to advise you that in connection with the distribution of commercial paper for the National Fuel Gas Company from October 3, 1994 to December 30, 1994 all sales and resales on your behalf by Chase Securities, Inc. were made only to those customers included in the Confidential List retained by the corporation of National Fuel Gas Company's commercial paper program. The issuance of National Fuel Gas Company commercial paper and sales thereof were made in accordance with the provisions of that program. A summary of all trade activity for the quarter is attached. Sincerely, /s/ Anton J. Schubert Anton J. Schubert Vice President PAGE 2 OF 2 Chase Securities, Inc. One Chase Manhattan Plaza New York, New York 10081 CHASE January 9, 1995 NATIONAL FUEL GAS COMPANY Fourth Quarter Performance Report PAR ISSUE MATURITY AMOUNT DATE DATE RATE YIELD TERM TYPE 0 /s/ Anton J. Schubert Anton J. Schubert, Vice President EX-99 4 INCOME STATEMENT - SRC SEC FILE NO. 70-8297 RULE 24 - FOURTH CERTIFICATE EXHIBIT A PAGE 1 OF 1 SENECA RESOURCES CORPORATION INCOME STATEMENT (Unaudited) Three Months Ended DECEMBER 1994 ___________________ Operating Revenues $15,645,519 ------------ Operating Expenses: Purchased Gas 211,481 Operation and Maintenance 5,022,998 Depletion, Depreciation & Amort. 5,664,220 Other Taxes 310,233 ------------ 11,208,932 ------------ Operating Income 4,436,587 ------------ Other Income 6,507 Interest Expense 2,032,136 ------------ Net Income Before Income Taxes 2,410,958 ------------ Income Taxes: Federal (1,578,460) State (119,780) Deferred 2,384,385 ------------ 686,145 ------------ Net Income $1,724,813 ============ EX-99 5 BALANCE SHEET - SRC SEC FILE NO. 70-8297 RULE 24 - FOURTH CERTIFICATE EXHIBIT B PAGE 1 OF 2 SENECA RESOURCES CORPORATION BALANCE SHEET AT DECEMBER 31, 1994 (Unaudited) ASSETS Total - ------ ------------- Current Assets Cash $2,118,246 Accounts Receivable- Intercompany 1,990,131 Other 3,929,580 Allowance for Uncollectible Accounts (121,395) Notes Receivable- Associated Company 0 Other 85,000 Production Receivable 0 Materials and Supplies 1,363,938 Prepayments 1,375,998 ------------- Total Current Assets 10,741,498 ------------- Property, Plant and Equipment 494,494,080 Less: Accumulated Depreciation, Depletion and Amortization 174,980,298 ------------- Net Property, Plant and Equipment 319,513,782 ------------- Other Assets Deferred Charges 1,851,432 Notes Receivable 36,300 ------------- Total Other Assets 1,887,732 ------------- Total Assets $332,143,012 ============= SEC FILE NO. 70-8297 RULE 24 - FOURTH CERTIFICATE EXHIBIT B PAGE 2 OF 2 SENECA RESOURCES CORPORATION BALANCE SHEET AT DECEMBER 31, 1994 (Unaudited) LIABILITIES AND STOCKHOLDERS' EQUITY Total - ------------------------------------ ------------- Current Liabilities: Accounts Payable- Intercompany $1,756,311 Other 7,382,453 Notes Payable-Intercompany 64,900,000 Accrued Liabilities 1,243,000 Federal Income Taxes (3,129,499) Other Accrued Taxes 67,614 ------------- Total Current Liabilities 72,219,879 ------------- Other Liabilities: Accumulated Deferred Income Taxes 67,094,648 Other Deferred Credits 647,393 ------------- Total Other Liabilities 67,742,041 ------------- Stockholders' Equity: Common Stock-$5 Par Value Authorized-100,000 Shares; Issued and Outstanding-100,000 Shares 500,000 Paid in Capital 104,034,942 Earnings Reinvested in the Business 5,679,489 ------------- 110,214,431 Advances from Associated Companies 80,000,000 Long-Term Debt 1,966,661 ------------- Total Capitalization 192,181,092 ------------- Total Liabilities and Stockholders Equity $332,143,012 ============= EX-99 6 INCOME STATEMENT - D-T FOURTH RULE 24 CERTIFICATE SEC FILE NO. 70-8297 EXHIBIT C DATA-TRACK ACCOUNT SERVICES, INC. INCOME STATEMENT Twelve Months Ended SEPTEMBER 1994 _____________ Operating Revenues $410,845 ------------- Operating Expenses: Operation and Maintenance 420,252 Depletion, Depreciation & Amort. 430 Deferred Income Tax (121) Other Taxes 300 ------------- 420,861 ------------- Operating Income (Loss) (10,016) ------------- Other Income Interest Income 18,724 ------------- 18,724 ------------- Gross Income (Loss) 8,708 ------------- Other Deductions Miscellaneous (321) ------------- (321) Income Taxes: Federal 3,657 State 1,148 Deferred (144) ------------- 4,661 ------------- Net Income (Loss) $ 4,368 ============= EX-99 7 BALANCE SHEET - D-T FOURTH RULE 24 CERTIFICATE SEC FILE NO. 70-8297 EXHIBIT D PAGE 1 OF 2 DATA-TRACK ACCOUNT SERVICES, INC. BALANCE SHEET AT SEPTEMBER 30, 1994 ASSETS - ------ Current Assets: Cash $ 74,087 Accounts Receivable- Intercompany 51,968 Other 0 Allowance for Uncollectible Accounts 0 Notes Receivable- Intercompany 400,000 Other 0 Materials and Supplies 0 Prepayments 13 Other Current Assets 0 ------------- Total Current Assets 527,148 ------------- Property, Plant and Equipment 84,416 Less: Accumulated Depreciation, Depletion and Amortization (1,259) ------------- Net Property, Plant and Equipment 83,157 ------------- Other Assets: Other Assets 1,164 Deferred Charges (24) Notes Receivable 0 ------------- Total Other Assets 1,140 ------------- Total Assets $611,445 ============= FOURTH RULE 24 CERTIFICATE SEC FILE NO. 70-8297 EXHIBIT D PAGE 2 OF 2 DATA-TRACK ACCOUNT SERVICES, INC. BALANCE SHEET AT SEPTEMBER 30, 1994 LIABILITIES AND STOCKHOLDERS' EQUITY - ------------------------- Current Liabilities: Accounts Payable- Intercompany $ 30,808 Other 105 Notes Payable-Intercompany 0 Accrued Liabilities 99 Federal Income Taxes 4,532 Other Accrued Taxes (3,855) ------------- Total Current Liabilities 31,589 ------------- Other Liabilities: Accumulated Deferred Income Taxes 446 Other Deferred Credits (2,882) ------------- (2,436) ------------- Total Other Liabilities 29,153 ------------- Stockholders' Equity: Common Stock-$1 Par Value Authorized-1000 Shares; Issued and Outstanding-1000 Shares 1,000 Paid in Capital 499,000 Earnings Reinvested in the Business 82,291 ------------- Total Capitalization 582,292 ------------- Total Liabilities and Stockholders Equity $611,445 ============= EX-99 8 ACTIVITY ANALYSIS - D-T PAGE 1 OF 2 SEC FILE NO. 70-8297 FOURTH RULE 24 CERTIFICATE EXHIBIT E (PAGE 1 OF 2) DATA-TRACK ACCOUNT SERVICES, INC. Fiscal 1994 Activity Analysis In fiscal 1994 (Twelve Months ended September 30, 1994), Data-Track Account Services, Inc. ("Data-Track") continued to undertake collection activities on behalf of System companies. The work was primarily done for the account of National Fuel Gas Distribution Corporation ("Distribution"). In addition to: 1) the activities directed at the collection of overdue accounts ("Letter Series Activities"), and 2) a customer contact program addressing certain accounts that have the potential to become uncollectible, and 3) to contact customers who may be eligible for state assistance programs, Data-Track instituted: 1) pre-collection contacts for customers whose state or federal assistance was exhausted, and 2) a customer survey program regarding certain utility services. LETTER SERIES ACTIVITY - FISCAL 1994 (Unpaid Final Bills) Number of Accounts Received from NFGDC 24,010 Value of accounts Received $8,794,696 Average Value of Accounts Received $365 Collection Letters Sent 43,928 Total Operating Costs $43,611 Total Dollars Collected $852,855 Collection Liquidation Percentage 9.7% If the System had submitted the 24,010 accounts handled by Data-Track directly to outside collection agencies at the standard 1/3 contingency fee, the agency fees to collect the amount recovered would have been $284,285. Data-Track was able to recover the entire $852,855 at a total cost of $43,611. This represents a savings to the System of $240,674 in collection costs during fiscal 1994. PAGE 2 OF 2 SEC FILE NO. 70-8297 FOURTH RULE 24 CERTIFICATE EXHIBIT E (PAGE 2 OF 2) EQUIPMENT UPGRADE AT OUTBOUND CALL CENTER During fiscal 1994, Data-Track initiated a computer assisted dialing service on behalf of Distribution. During fiscal 1994, a PBX phone system was installed to help with call routing and in order to save long distance telephone charges. During the fiscal year, $53,395.20 of new equipment was capitalized, and increased Data-Track's investment in Property, Plant and Equipment to $84,417 (gross) at the end of the fiscal year. -----END PRIVACY-ENHANCED MESSAGE-----