-----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, CIZnTVJw9djWrI6zOOrr2Bv6OaUgpn1WgU0tWWF8rOhJ3Q+d3AExzGCB541VRIOv uOshCc4zFmerc3TuKNVd5A== 0000070145-96-000015.txt : 19960216 0000070145-96-000015.hdr.sgml : 19960216 ACCESSION NUMBER: 0000070145-96-000015 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 19960215 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: 96521950 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 9TH RULE 24 - MONEY POOL PAGE 1 OF 9 UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION ____________________________________________ In the Matter of NATIONAL FUEL GAS COMPANY NINTH 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 December 31, 1995 the following borrowing transactions occurred: 1. Sales and resales of commercial paper for the quarter are shown on the attached certificate of Chase Securities, Inc. PAGE 2 OF 9 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 10/2/95 $14,000,000 6.02% 10/3/95 14,000,000 5.89 10/4/95 15,000,000 5.89 10/4/95 16,800,000 5.83 10/5/95 19,300,000 5.83 10/6/95 18,000,000 5.76 10/10/95 19,100,000 5.89 10/11/95 16,300,000 5.89 10/12/95 14,700,000 5.89 10/13/95 13,700,000 5.82 10/16/95 13,900,000 5.83 10/17/95 26,500,000 5.80 10/18/95 15,100,000 5.80 10/19/95 17,500,000 5.77 10/20/95 10,500,000 5.80 10/20/95 10,000,000 5.92 10/23/95 10,900,000 5.85 10/24/95 7,300,000 5.85 10/25/95 13,300,000 5.98 10/25/95 12,000,000 5.88 10/26/95 19,900,000 5.85 10/27/95 7,600,000 5.82 10/30/95 8,700,000 5.88 10/31/95 15,300,000 6.00 11/1/95 10,000,000 5.86 11/1/95 8,100,000 5.93 11/2/95 6,700,000 5.81 11/3/95 10,000,000 5.85 11/3/95 11,400,000 5.81 11/6/95 10,300,000 5.81 11/7/95 8,500,000 5.81 11/8/95 8,000,000 5.93 11/9/95 5,300,000 5.81 11/10/95 1,800,000 5.81 11/13/95 12,500,000 5.85 11/14/95 12,500,000 5.85 11/15/95 11,200,000 5.99 11/16/95 10,600,000 5.88 PAGE 3 OF 9 11/17/95 9,900,000 5.82 11/20/95 13,600,000 5.81 11/21/95 12,700,000 5.80 11/22/95 20,000,000 5.88 11/22/95 6,500,000 6.00 11/24/95 7,600,000 6.00 11/27/95 16,700,000 5.90 11/28/95 13,500,000 5.75 11/29/95 8,700,000 5.75 11/30/95 24,200,000 5.93 12/1/95 14,500,000 5.75 12/1/95 5,000,000 5.88 12/4/95 10,000,000 5.74 12/4/95 4,400,000 5.75 12/5/95 1,200,000 5.75 12/7/95 4,300,000 5.82 12/8/95 2,600,000 5.75 12/11/95 5,000,000 5.75 12/11/95 5,600,000 5.75 12/12/95 5,300,000 5.75 12/13/95 2,800,000 5.75 12/15/95 12,900,000 5.76 12/18/95 10,000,000 5.90 12/18/95 5,000,000 5.75 12/18/95 10,000,000 5.88 12/18/95 10,000,000 5.84 12/18/95 10,000,000 5.76 12/19/95 1,700,000 5.83 12/20/95 10,000,000 5.72 12/20/95 8,900,000 5.77 12/20/95 10,000,000 5.69 12/21/95 10,800,000 5.83 12/22/95 8,700,000 5.64 12/26/95 12,300,000 5.77 12/26/95 10,000,000 5.73 12/26/95 20,000,000 5.73 12/27/95 9,400,000 5.58 12/28/95 9,700,000 5.52 12/29/95 19,900,000 5.96 12/29/95 900,000 6.05 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 10/2/95 $2,800,000 5.94% 10/16/95 300,000 5.80 PAGE 4 OF 9 10/25/95 900,000 5.80 10/26/95 7,300,000 5.81 10/27/95 2,100,000 5.81 10/30/95 1,500,000 5.80 11/27/95 3,500,000 5.80 11/28/95 5,900,000 5.79 11/29/95 1,500,000 5.79 12/1/95 1,800,000 5.80 12/8/95 100,000 5.84 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 12/15/95 $ 100,000 5.813% 12/18/95 30,000,000 5.817 12/19/95 100,000 5.820 12/20/95 400,000 5.805 12/21/95 300,000 5.807 12/28/95 400,000 5.786 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 10/3/95 $ 100,000 5.808% 10/30/95 300,000 5.832 10/31/95 100,000 5.842 11/1/95 300,000 5.834 11/7/95 100,000 5.826 11/27/95 2,600,000 5.832 11/29/95 200,000 5.821 12/4/95 100,000 5.819 12/8/95 100,000 5.818 12/29/95 100,000 5.809 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. PAGE 5 OF 9 6. Distribution Corporation borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below: DATE AMOUNT RATE 10/5/95 $ 200,000 5.813% 10/10/95 400,000 5.820 10/13/95 9,200,000 5.814 10/16/95 600,000 5.814 10/17/95 500,000 5.812 10/19/95 2,300,000 5.811 10/20/95 2,400,000 5.822 10/25/95 18,300,000 5.839 10/26/95 4,500,000 5.832 10/31/95 3,400,000 5.842 11/1/95 1,000,000 5.834 11/13/95 300,000 5.826 11/20/95 2,700,000 5.823 11/22/95 300,000 5.832 11/24/95 900,000 5.833 11/27/95 10,500,000 5.832 11/28/95 3,800,000 5.820 11/30/95 12,200,000 5.838 12/4/95 100,000 5.819 12/15/95 5,600,000 5.813 12/18/95 14,900,000 5.817 12/20/95 18,400,000 5.805 12/21/95 100,000 5.807 12/26/95 26,000,000 5.795 12/29/95 12,000,000 5.809 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 10/3/95 $300,000 5.87% 11/1/95 800,000 5.81 12/4/95 500,000 5.82 12/8/95 200,000 5.84 12/15/95 200,000 5.85 PAGE 6 OF 9 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 10/3/95 $ 100,000 5.808% 10/5/95 500,000 5.813 10/12/95 100,000 5.818 10/13/95 100,000 5.814 10/16/95 1,100,000 5.814 10/19/95 100,000 5.811 10/24/95 300,000 5.826 10/30/95 900,000 5.832 10/31/95 2,000,000 5.842 11/1/95 400,000 5.834 11/3/95 400,000 5.825 11/13/95 1,100,000 5.826 11/14/95 100,000 5.826 11/15/95 200,000 5.834 11/17/95 100,000 5.823 11/20/95 700,000 5.823 11/22/95 500,000 5.832 11/24/95 200,000 5.833 11/30/95 1,600,000 5.838 12/4/95 100,000 5.819 12/6/95 300,000 5.821 12/8/95 500,000 5.818 12/11/95 300,000 5.813 12/13/95 400,000 5.814 12/19/95 100,000 5.820 12/21/95 1,000,000 5.807 12/27/95 100,000 5.789 12/28/95 100,000 5.786 12/29/95 2,800,000 5.809 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, 1995 and attached as Exhibit B is a copy of Seneca's Balance Sheet at December 31, 1995. PAGE 7 OF 9 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 10/23/95 $ 400,000 5.80% 10/25/95 200,000 5.80 11/22/95 300,000 5.80 11/27/95 200,000 5.80 12/15/95 1,400,000 5.85 12/26/95 300,000 5.78 12/29/95 200,000 5.83 11. UCI borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below: None. 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 10/5/95 $ 900,000 5.83% 10/16/95 100,000 5.81 10/25/95 900,000 5.80 10/31/95 400,000 5.81 11/8/95 900,000 5.81 11/16/95 100,000 5.84 11/27/95 900,000 5.80 11/30/95 400,000 5.79 12/8/95 900,000 5.84 12/15/95 100,000 5.85 12/29/95 1,300,000 5.83 13. Highland borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below: None. PAGE 8 OF 9 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: DATE AMOUNT RATE 10/26/95 $ 300,000 5.832% 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 10/3/95 100,000 5.87% 10/5/95 400,000 5.83 11/2/95 100,000 5.81 11/8/95 400,000 5.81 12/7/95 100,000 5.82 12/8/95 400,000 5.84 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 1995, and attached as Exhibit D is a copy of Data-Track's Balance Sheet at September 30, 1995. 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. PAGE 9 OF 9 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 10/4/95 $ 700,000 5.85% 10/6/95 700,000 5.84 10/12/95 400,000 5.81 10/13/95 2,200,000 5.81 10/19/95 700,000 5.78 11/2/95 300,000 5.81 11/3/95 200,000 5.80 11/6/95 700,000 5.80 11/8/95 100,000 5.81 11/13/95 2,300,000 5.80 11/15/95 300,000 5.80 11/20/95 600,000 5.80 12/5/95 200,000 5.85 12/6/95 300,000 5.82 12/7/95 600,000 5.82 12/12/95 500,000 5.84 12/14/95 1,700,000 5.86 12/15/95 600,000 5.85 12/21/95 100,000 5.78 12/29/95 400,000 5.83 19. NFR borrowed the following amounts from the System Money Pool on the dates and at the rates indicated below: None. Dated: February 15, 1996 NATIONAL FUEL GAS COMPANY By:_/s/Gerald T. Wehrlin___________ Gerald T. Wehrlin Controller \JES\MONYPOOL\R24-9-95.WP EX-99 2 CHASE LETTER PAGE 1 OF 2 Chase Securities, Inc. One Chase Manhattan Plaza New York, New York 10081 CHASE February 2, 1996 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 1, 1995 to December 31, 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 February 2, 1996 NATIONAL FUEL GAS COMPANY Fourth Quarter Performance Report PAR ISSUE MATURITY AMOUNT DATE DATE RATE YIELD TERM TYPE 20,000,000 10/13/95 01/22/96 5.84 5.9376 101 Days Discounted 12,000,000 10/16/95 10/17/95 5.80 5.8009 1 Day Discounted 12,000,000 10/18/95 01/12/96 5.83 5.9107 86 Days Discounted 10,000,000 10/20/95 01/19/96 5.85 5.9378 91 Days Discounted 8,000,000 10/24/95 01/31/96 5.85 5.9456 99 Days Discounted 10,000,000 10/27/95 10/30/96 5.78 5.7809 03 Days Discounted 10,000,000 10/30/95 02/05/96 5.85 5.9447 98 Days Discounted 5,000,000 11/10/95 02/20/96 5.77 5.8682 102 Days Discounted 5,000,000 11/17/95 01/31/96 5.80 5.8709 75 Days Discounted 5,000,000 11/17/95 02/27/96 5.75 5.8452 102 Days Discounted 10,000,000 11/27/95 02/23/96 5.75 5.8319 88 Days Discounted 10,000,000 12/04/95 03/11/96 5.73 5.8198 98 Days Discounted 10,000,000 12/19/95 03/25/96 5.75 5.8405 97 Days Discounted ___________ /s/ Anton J. Schubert Anton J. Schubert, Vice President EX-99 3 INCOME STATEMENT - SRC SEC FILE NO. 70-8297 RULE 24 - NINTH CERTIFICATE EXHIBIT A PAGE 1 OF 1 SENECA RESOURCES CORPORATION INCOME STATEMENT (Unaudited) Three Months Ended DECEMBER 1995 ___________________ Operating Revenues $22,972,551 ------------ Operating Expenses: Purchased Gas 182,525 Production Tax 47,435 Lease Operations 2,803,492 Depletion, Depreciation & Amort. 8,649,139 General and Administrative 1,507,882 Other Taxes 277,842 ------------ 13,468,315 ------------ Operating Income 9,504,236 ------------ Other Income 8,205 Interest Expense 2,420,837 ------------ Net Income Before Income Taxes 7,091,604 ------------ Income Taxes: Federal 1,699,045 State -- Deferred 779,821 ------------ 2,478,866 ------------ Net Income $4,612,738 ============ EX-99 4 BALANCE SHEET - SRC SEC FILE NO. 70-8297 RULE 24 - NINTH CERTIFICATE EXHIBIT B PAGE 1 OF 2 SENECA RESOURCES CORPORATION BALANCE SHEET AT DECEMBER 31, 1995 ASSETS Total - ------ ------------- Current Assets Cash $ 319,301 Accounts Receivable- Intercompany 1,042,144 Other 11,441,369 Allowance for Uncollectible Accounts (122,712) Notes Receivable- Associated Company 0 Other 36,300 Production Receivable 0 Materials and Supplies 1,519,195 Prepayments 2,045,757 ------------- Total Current Assets 16,870,260 ------------- Property, Plant and Equipment 543,901,309 Less: Accumulated Depreciation, Depletion and Amortization (198,834,074) ------------- Net Property, Plant and Equipment 345,067,235 ------------- Other Assets Deferred Charges 1,362,056 Notes Receivable 36,300 ------------- Total Other Assets 1,398,356 ------------- Total Assets $363,335,645 ============= SEC FILE NO. 70-8297 RULE 24 - NINTH CERTIFICATE EXHIBIT B PAGE 2 OF 2 SENECA RESOURCES CORPORATION BALANCE SHEET AT DECEMBER 31, 1995 LIABILITIES AND STOCKHOLDERS' EQUITY Total - ------------------------------------ ------------- Current Liabilities: Accounts Payable- Intercompany $ 5,923,849 Other 8,326,486 Notes Payable-Intercompany 65,900,000 Accrued Liabilities 1,119,402 Federal Income Taxes 1,499,332 Other Accrued Taxes (76,248) ------------- Total Current Liabilities 82,692,821 ------------- Other Liabilities: Accumulated Deferred Income Taxes 73,467,180 Other Deferred Credits 23,779 ------------- Total Other Liabilities 73,490,959 ------------- 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 5,116,923 ------------- 109,151,865 Advances from Associated Companies 98,000,000 Long-Term Debt 0 ------------- Total Capitalization 207,151,865 ------------- Total Liabilities and Stockholders Equity $363,335,645 ============= EX-99 5 INC. STMNT. - DATA-TRACK NINTH RULE 24 CERTIFICATE SEC FILE NO. 70-8297 EXHIBIT C DATA-TRACK ACCOUNT SERVICES, INC. INCOME STATEMENT Twelve Months Ended SEPTEMBER 1995 _____________ Operating Revenues $412,503 ------------- Operating Expenses: Operation and Maintenance 382,476 Depletion, Depreciation & Amort. 1,831 Deferred Income Tax (987) Other Taxes 1,756 ------------- 385,136 ------------- Operating Income (Loss) 27,367 ------------- Other Income Interest Income 23,705 ------------- 23,705 ------------- Gross Income (Loss) 51,072 ------------- Other Deductions Miscellaneous (61) ------------- (61) Income Taxes: Federal 17,862 State 4,167 Deferred (280) ------------- 21,749 ------------- Net Income (Loss) $29,384 ============ EX-99 6 BAL. SHEET - DATA-TRACK NINTH RULE 24 CERTIFICATE SEC FILE NO. 70-8297 EXHIBIT D PAGE 1 OF 2 DATA-TRACK ACCOUNT SERVICES, INC. BALANCE SHEET AT SEPTEMBER 30, 1995 ASSETS - ------ Current Assets: Cash $119,584 Accounts Receivable- Intercompany 23,057 Other 0 Allowance for Uncollectible Accounts 0 Notes Receivable- Intercompany 400,000 Other 0 Materials and Supplies 0 Prepayments 589 Other Current Assets 0 ------------- Total Current Assets 543,220 ------------- Property, Plant and Equipment 110,738 Less: Accumulated Depreciation, Depletion and Amortization (3,150) ------------- Net Property, Plant and Equipment 107,588 ------------- Other Assets: Other Assets 2,843 Deferred Charges 0 Notes Receivable 0 ------------- Total Other Assets 2,843 ------------- Total Assets $653,651 ============= NINTH RULE 24 CERTIFICATE SEC FILE NO. 70-8297 EXHIBIT D PAGE 2 OF 2 DATA-TRACK ACCOUNT SERVICES, INC. BALANCE SHEET AT SEPTEMBER 30, 1995 LIABILITIES AND STOCKHOLDERS' EQUITY - ------------------------- Current Liabilities: Accounts Payable- Intercompany $ 23,418 Other 493 Notes Payable-Intercompany 0 Accrued Liabilities Federal Income Taxes 18,644 Other Accrued Taxes 3,122 ------------- Total Current Liabilities 45,677 ------------- Other Liabilities: Accumulated Deferred Income Taxes (821) Other Deferred Credits (2,882) ------------- (3,703) ------------- Total Other Liabilities 41,974 ------------- 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 111,676 ------------- Total Capitalization 611,676 ------------- Total Liabilities and Stockholders Equity $653,651 ============= EX-99 7 DATA-TRACK ANALYSIS SEC FILE NO. 70-8297 NINTH RULE 24 CERTIFICATE EXHIBIT E (PAGE 1 OF 2) DATA-TRACK ACCOUNT SERVICES, INC. Fiscal 1995 Activity Analysis In fiscal 1995 (Twelve Months ended September 30, 1995), 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, 4) pre-collection contacts for customers whose state or federal assistance was exhausted, and 5) a customer survey program regarding certain utility services. LETTER SERIES ACTIVITY - FISCAL 1995 (Unpaid Final Bills) Number of Accounts Received from NFGDC 24,868 Value of accounts Received $8,356,841 Average Value of Accounts Received $366 Collection Letters Sent 36,660 Total Operating Costs $45,092 Total Dollars Collected $547,333 Collection Liquidation Percentage 6.5% If the System had submitted the 24,868 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 $182,444. Data-Track was able to recover the entire $547,333 at a total cost of $45,092. This represents a savings to the System of $137,352 in collection costs during fiscal 1995. SEC FILE NO. 70-8297 NINTH RULE 24 CERTIFICATE EXHIBIT E (PAGE 2 OF 2) EQUIPMENT UPGRADE AT OUTBOUND CALL CENTER During fiscal 1995, Data-Track initiated a computer assisted dialing service on behalf of Distribution and undertook satisfaction surveys of utility customers that had construction work done on their property (main and/or service replacements) by outside contractors. During the fiscal year, $26,322 of new equipment was capitalized, and increased Data-Track's investment in Property, Plant and Equipment to $110,738 (gross) at the end of the fiscal year. -----END PRIVACY-ENHANCED MESSAGE-----