-----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, WeagfjdymtAIV6N3lmMVhwkfEF2p6fgdN73vPbNOIkNTp1vR30cEOa121g3Vn8AK z0FyAPwcVrsfLya3d6U5vQ== 0000070145-95-000076.txt : 19951119 0000070145-95-000076.hdr.sgml : 19951119 ACCESSION NUMBER: 0000070145-95-000076 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 19951113 SROS: NYSE 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: 95589571 BUSINESS ADDRESS: STREET 1: 10 LAFAYETTE SQ CITY: BUFFALO STATE: NY ZIP: 14203 BUSINESS PHONE: 2125417533 MAIL ADDRESS: STREET 2: 10 LAFAYETTE SQ CITY: BUFFALO STATE: NY ZIP: 14203 35-CERT 1 MONEY POOL - 8TH RULE 24 PAGE 1 OF 10 UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION ____________________________________________ In the Matter of NATIONAL FUEL GAS COMPANY EIGHTH 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. HORIZON ENERGY DEVELOPMENT CORPORATION 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"), National Fuel Resources, Inc. ("NFR"), and Horizon Energy Development Corporation ("Horizon") 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 September 30, 1995 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 7/3/95 $ 6,200,000 6.20% 7/5/95 24,900,000 6.20 7/6/95 22,300,000 6.18 7/7/95 4,900,000 5.97 7/10/95 18,500,000 5.90 7/11/95 15,600,000 5.90 7/12/95 13,200,000 5.82 7/13/95 13,800,000 5.82 7/14/95 17,000,000 5.88 7/14/95 12,700,000 5.77 7/17/95 12,700,000 5.83 7/18/95 11,000,000 5.83 7/19/95 6,400,000 5.89 7/20/95 9,000,000 5.83 7/21/95 7,100,000 5.83 7/24/95 4,700,000 5.83 7/25/95 22,200,000 5.83 7/26/95 7,100,000 5.83 7/27/95 7,300,000 5.83 7/28/95 8,400,000 5.83 7/31/95 2,400,000 5.96 7/31/95 10,000,000 5.94 7/31/95 5,000,000 5.94 7/31/95 5,000,000 5.94 8/1/95 15,500,000 5.90 8/2/95 17,200,000 5.85 8/3/95 10,700,000 5.00 8/4/95 9,700,000 5.83 8/7/95 14,100,000 5.85 8/8/95 11,400,000 5.82 8/9/95 7,700,000 5.82 8/10/95 11,500,000 5.78 8/11/95 10,500,000 5.79 8/14/95 8,700,000 5.90 8/15/95 17,200,000 6.03 PAGE 3 OF 10 8/16/95 18,400,000 6.03 8/17/95 7,900,000 5.91 8/18/95 7,900,000 5.82 8/21/95 15,000,000 5.82 8/22/95 13,400,000 5.77 8/23/95 13,400,000 5.77 8/25/95 10,300,000 5.79 8/28/95 17,000,000 5.75 8/29/95 15,100,000 5.80 8/30/95 13,800,000 5.82 8/31/95 23,100,000 5.82 9/1/95 19,100,000 5.74 9/5/95 15,900,000 5.78 9/6/95 12,700,000 5.78 9/7/95 10,400,000 5.83 9/8/95 9,800,000 5.80 9/11/95 7,700,000 5.85 9/12/95 6,400,000 5.50 9/13/95 5,500,000 5.90 9/14/95 13,900,000 5.82 9/15/95 10,000,000 5.81 9/15/95 6,400,000 5.91 9/18/95 12,600,000 5.89 9/19/95 6,400,000 5.83 9/20/95 9,200,000 5.83 9/21/95 8,900,000 5.84 9/22/95 4,400,000 5.76 9/25/95 20,500,000 5.82 9/26/95 8,400,000 5.78 9/26/94 10,000,000 5.82 9/27/95 7,700,000 5.99 9/27/95 10,000,000 5.86 9/28/95 7,500,000 6.04 9/29/95 22,600,000 6.58 On July 20, 1995 National executed a promissory note for a $20,000,000 money market line with the Bank of Boston. Borrowings under such facilities will be made in accordance with the Application-Declaration and the Commission's Order. 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. PAGE 4 OF 10 DATE AMOUNT RATE 7/24/95 $4,800,000 5.84% 7/25/95 1,200,000 5.85 7/28/95 200,000 5.84 8/25/95 4,500,000 5.82 8/28/95 2,900,000 5.82 8/29/95 400,000 5.83 9/1/95 700,000 5.82 9/15/95 1,500,000 5.80 9/20/95 200,000 5.81 9/22/95 1,200,000 5.80 9/25/95 1,300,000 5.80 9/26/95 1,100,000 5.81 9/27/95 6,500,000 5.81 9/28/95 3,100,000 5.83 4. Supply Corporation (non-Penn-York) borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below. DATE AMOUNT RATE 7/14/95 $1,200,000 5.974% 7/17/95 400,000 5.963 7/18/95 200,000 5.965 7/19/95 200,000 5.972 7/21/95 200,000 5.960 7/24/95 400,000 5.951 8/9/95 100,000 5.847 8/10/95 300,000 5.837 8/11/95 200,000 5.840 8/14/95 200,000 5.850 8/15/95 400,000 5.876 8/16/95 700,000 5.878 8/18/95 200,000 5.848 8/21/95 300,000 5.842 8/22/95 100,000 5.836 8/23/95 500,000 5.836 8/24/95 200,000 5.840 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 7/6/95 $ 100,000 6.176% PAGE 5 OF 10 7/7/95 100,000 6.115 7/14/95 800,000 5.974 7/20/95 1,300,000 5.967 7/28/95 300,000 5.932 8/24/95 1,400,000 5.840 8/30/95 100,000 5.831 8/31/95 100,000 5.830 9/15/95 4,100,000 5.811 9/22/95 1,400,000 5.791 9/28/95 100,000 5.805 9/29/95 700,000 5.903 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. DATE AMOUNT RATE 7/7/95 $1,000,000 6.03% 7/10/95 700,000 5.83 7/11/95 3,100,000 5.83 7/12/95 2,500,000 5.80 7/18/95 500,000 5.83 7/19/95 2,300,000 5.82 7/21/95 900,000 5.83 7/24/95 100,000 5.85 6. Distribution Corporation borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below: DATE AMOUNT RATE 7/14/95 $ 1,800,000 5.974% 7/25/95 21,300,000 5.927 7/31/95 8,200,000 5.867 8/1/95 300,000 5.864 8/2/95 1,000,000 5.857 8/14/95 500,000 5.850 8/16/95 900,000 5.878 8/21/95 1,800,000 5.842 8/25/95 22,600,000 5.832 8/31/95 5,100,000 5.830 9/15/95 9,500,000 5.811 9/18/95 300,000 5.812 PAGE 6 OF 10 9/19/95 3,400,000 5.791 9/20/95 3,600,000 5.791 9/22/95 200,000 5.791 9/25/95 15,500,000 5.796 9/27/95 5,800,000 5.807 9/29/95 800,000 5.903 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 7/7/95 $ 400,000 6.03% 7/14/95 300,000 5.80 7/17/95 3,700,000 5.80 7/28/95 100,000 5.84 8/1/95 600,000 5.86 8/17/95 2,300,000 5.89 9/1/95 600,000 5.82 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 7/5/95 $ 100,000 6.182% 7/13/95 100,000 6.029 7/14/95 100,000 5.974 7/18/95 100,000 5.965 7/19/95 200,000 5.972 7/20/95 200,000 5.967 7/27/95 100,000 5.933 7/28/95 1,000,000 5.932 7/31/95 3,500,000 5.867 PAGE 7 OF 10 8/1/95 900,000 5.864 8/7/95 500,000 5.849 8/11/95 100,000 5.840 8/14/95 500,000 5.851 8/15/95 100,000 5.876 8/16/95 100,000 5.878 8/17/95 300,000 5.854 8/18/95 100,000 5.848 8/25/95 300,000 5.832 8/28/95 5,500,000 5.822 8/31/95 2,800,000 5.830 9/5/95 1,300,000 5.825 9/18/95 500,000 5.812 9/19/95 100,000 5.791 9/25/95 1,200,000 5.796 9/26/95 100,000 5.798 9/29/95 3,800,000 5.903 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 Twelve Months Ended September 30, 1995 and attached as Exhibit B is a copy of Seneca's Balance Sheet at September 30, 1995. 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. DATE AMOUNT RATE 7/17/95 $1,700,000 5.80% 8/18/95 1,700,000 5.87 8/25/95 200,000 5.82 9/18/95 600,000 5.82 9/25/95 200,000 5.80 11. UCI borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below: None. PAGE 8 OF 10 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. DATE AMOUNT RATE 7/5/95 $ 400,000 6.10% 7/5/95 800,000 6.10 7/17/95 200,000 5.80 7/24/95 1,100,000 5.85 8/4/95 1,000,000 5.85 8/14/95 300,000 5.84 8/17/95 200,000 5.89 8/25/95 1,100,000 5.82 9/5/95 1,000,000 5.83 9/14/95 300,000 5.81 9/25/95 900,000 5.80 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. PAGE 9 OF 10 DATE AMOUNT RATE 7/5/95 $400,000 6.10% 8/4/95 400,000 5.85 9/5/95 400,000 5.83 17. Data-Track borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below: None. 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 7/6/95 $ 700,000 6.10% 7/10/95 1,500,000 5.83 7/12/95 300,000 5.80 7/13/95 1,300,000 5.80 7/14/95 1,300,000 5.80 7/17/95 1,100,000 5.80 7/21/95 500,000 5.83 8/3/95 300,000 5.82 8/7/95 300,000 5.85 8/9/95 700,000 5.85 8/10/95 500,000 5.82 8/11/95 2,900,000 5.85 8/15/95 600,000 5.84 8/16/95 300,000 5.87 8/17/95 1,100,000 5.89 8/21/95 500,000 5.85 8/30/95 100,000 5.84 8/31/95 300,000 5.82 9/6/95 500,000 5.82 9/7/95 200,000 5.82 9/11/95 600,000 5.82 9/12/95 1,900,000 5.82 9/13/95 300,000 5.82 9/18/95 400,000 5.82 9/18/95 300,000 5.82 9/21/95 500,000 5.80 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: November 13, 1995 NATIONAL FUEL GAS COMPANY By:/s/ Gerald T. Wehrlin Gerald T. Wehrlin Controller \JES\MONYPOOL\R24-8-95.WP EX-99 2 MERRILL LYNCH LTR PAGE 1 OF 2 Debt and Equity Markets Group World Financial Center North Tower New York, New York 10281-1310 212 449 1000 MERRILL LYNCH October 9, 1995 Ms. Donna Cambas Supervisor of Accounting & Finance 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 July 1, 1995 to September 30, 1995 no sales or 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 ESJ:lcm Enclosed PAGE 2 OF 2 PROGRAM ISSUANCE TRADE DETAIL - CP 07/01/95 - 09/30/95 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. 10/09/95 page 2 EX-99 3 CHASE MANHATTAN LTR PAGE 1 OF 2 Chase Securities, Inc. One Chase Manhattan Plaza New York, New York 10081 CHASE October 11, 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 July 1, 1995 to September 29, 1995 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 October 11, 1995 NATIONAL FUEL GAS COMPANY Third Quarter Performance Report PAR ISSUE MATURITY AMOUNT DATE DATE RATE YIELD TERM TYPE 15,000,000 07/07/95 07/21/95 5.90 5.9136 14 Days Discounted 10,000,000 07/14/95 07/31/95 5.91 5.9264 17 Days Discounted 15,000,000 07/21/95 08/10/95 5.86 5.8791 20 Days Discounted 10,000,000 07/24/95 08/25/95 5.85 5.8806 32 Days Discounted 10,000,000 07/24/95 08/15/95 5.85 5.8710 22 Days Discounted 10,000,000 07/26/95 08/28/95 5.85 5.8815 33 Days Discounted 20,000,000 07/31/95 10/04/95 5.80 5.8614 65 Days Discounted 5,000,000 08/03/95 09/22/95 5.82 5.8674 50 Days Discounted 10,000,000 08/10/95 09/27/95 5.82 5.8655 48 Days Discounted 10,000,000 08/17/95 09/08/95 5.85 5.8709 22 Days Discounted 10,000,000 08/24/95 10/26/95 5.80 5.8594 63 Days Discounted 5,000,000 08/24/95 09/18/95 5.82 5.8436 25 Days Discounted 5,000,000 08/25/95 10/13/95 5.82 5.8665 49 Days Discounted 10,000,000 08/25/95 10/20/95 5.82 5.8732 56 Days Discounted 5,000,000 08/28/95 10/24/95 5.81 5.8639 57 Days Discounted 5,000,000 09/05/95 11/10/95 5.80 5.8623 66 Days Discounted 10,000,000 09/08/95 11/17/95 5.79 5.8559 70 Days Discounted 5,000,000 09/15/95 11/27/95 5.75 5.8178 73 Days Discounted 5,000,000 09/15/95 11/27/95 5.75 5.8178 73 Days Discounted 10,000,000 09/19/95 12/19/95 5.72 5.8039 91 Days Discounted 10,000,000 09/22/95 12/04/95 5.75 5.8178 73 Days Discounted ___________ 195,000,000 /s/ Anton J. Schubert Anton J. Schubert, Vice President EX-99 4 INCOME STATEMENT - SRC SEC FILE NO. 70-8297 RULE 24 - EIGHTH CERTIFICATE EXHIBIT A PAGE 1 OF 1 SENECA RESOURCES CORPORATION INCOME STATEMENT Twelve Months Ended SEPTEMBER 1995 ___________________ Operating Revenues $61,323,504 ------------ Operating Expenses: Purchased Gas 1,014,847 Operation and Maintenance 19,282,530 Depletion, Depreciation & Amort. 21,511,129 Other Taxes 790,419 ------------ 42,598,925 ------------ Operating Income 18,724,579 ------------ Other Income 121,661 Interest Income 51,799 ------------ 173,460 ------------ Interest Expense 9,252,978 Net Income Before Income Taxes 9,645,061 ------------ Income Taxes: Federal (4,936,395) State (154,373) Deferred 7,999,470 ------------ 2,908,702 ------------ Net Income $ 6,736,359 ============ EX-99 5 BALANCE SHEET - SRC SEC FILE NO. 70-8297 RULE 24 - EIGHTH CERTIFICATE EXHIBIT B PAGE 1 OF 2 SENECA RESOURCES CORPORATION BALANCE SHEET AT SEPTEMBER 30, 1995 ASSETS Total - ------ ------------- Current Assets Cash $1,284,553 Accounts Receivable- Intercompany 1,255,225 Other 6,033,731 Allowance for Uncollectible Accounts (121,821) Notes Receivable- Associated Company 0 Other 85,000 Production Receivable 0 Materials and Supplies 1,546,826 Prepayments 1,779,746 ------------- Total Current Assets 11,862,260 ------------- Property, Plant and Equipment 550,938,340 Less: Accumulated Depreciation, Depletion and Amortization 190,828,816 ------------- Net Property, Plant and Equipment 360,109,524 ------------- Other Assets Deferred Charges 1,331,474 Notes Receivable 36,300 ------------- Total Other Assets 1,367,774 ------------- Total Assets $373,339,558 ============= SEC FILE NO. 70-8297 RULE 24 - EIGHTH CERTIFICATE EXHIBIT B PAGE 2 OF 2 SENECA RESOURCES CORPORATION BALANCE SHEET AT SEPTEMBER 30, 1995 LIABILITIES AND STOCKHOLDERS' EQUITY Total - ------------------------------------ ------------- Current Liabilities: Accounts Payable- Intercompany $ 1,901,070 Other 8,078,204 Notes Payable-Intercompany 105,700,000 Accrued Liabilities 1,143,582 Federal Income Taxes (1,555,567) Other Accrued Taxes (16,000) ------------- Total Current Liabilities 115,251,289 ------------- Other Liabilities: Accumulated Deferred Income Taxes 72,698,841 Other Deferred Credits 2,163,449 ------------- Total Other Liabilities 74,862,290 ------------- 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 10,691,037 ------------- 115,225,979 Advances from Associated Companies 68,000,000 Long-Term Debt 0 ------------- Total Capitalization 183,225,979 ------------- Total Liabilities and Stockholders Equity $373,339,558 ============= -----END PRIVACY-ENHANCED MESSAGE-----