-----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, P5aNd57fut4n8p9L2naxhxiqeJHcSYtb6R3fO0+NpQCVbJlSTJgqqH8dxDn3AjcG jDzNb9OqGKGKTpFLFrgRZw== 0000070145-96-000017.txt : 19960305 0000070145-96-000017.hdr.sgml : 19960305 ACCESSION NUMBER: 0000070145-96-000017 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19960301 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: 070-08649 FILM NUMBER: 96530549 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 UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION - -------------------------------------------- In the Matter of SECOND NATIONAL FUEL GAS COMPANY CERTIFICATE HORIZON ENERGY DEVELOPMENT, INC. PURSUANT TO RULE 24 File No. 70-8649 (Public Utility Holding Company Act of 1935) - ------------------------------------------- THIS IS TO CERTIFY, pursuant to Rule 24, that certain filing requirements proposed by National Fuel Gas Company ("National") and its subsidiary, Horizon Energy Development, Inc. ("Horizon") in Form U-1, Application-Declaration, File No. 70-8649, as amended, have been carried out in accordance with the terms and conditions of said Application-Declaration and the Order of the Securities and Exchange Commission (the "Commission') (HCAR No. 35-26364 dated August 29, 1995) with respect thereto, in that, the following information for the quarter ended December 31, 1995 is herein provided: 1a) Horizon's balance sheet at December 31, 1995 is attached as Exhibit 1. 1b) National's balance sheet at December 31, 1995 is included in National's Form 10Q for the first quarter of fiscal 1996 which was filed with the Commission on February 14, 1996 and is incorporated herein by reference. 2a) Horizon's income statement for the quarter ended December 31, 1995 is attached as Exhibit 2. 2b) National's income statement for the quarter ended December 31, 1995 is included in National's Form 10Q for the first quarter of fiscal 1996 which was filed with the Commission on February 14, 1996 and is incorporated herein by reference. 3) Recourse and non-recourse debt securities issued to third parties by Intermediate Companies during the quarter ended December 31, 1995. None. 4) A general description of the activities of the Applicants for the period ended December 31, 1995 and of the projects in which they or their subsidiary companies have an ownership interest: a) Horizon continued its efforts to develop a 151 megawatt power project in the vicinity of Kabirwala, Pakistan (the "Kabirwala Project"). In connection therewith, on October 6, 1995, an Irrevocable Letter of Credit (the "LOC") in the amount of 15,132,530.00 Pakistan Rupees (About EqualsU.S. $900,000) was issued, by order and for the account of Sceptre Power Company (a general partnership of which Horizon is the managing partner), for the benefit of Standard Chartered Bank, Karachi, Pakistan. The LOC secures a performance guarantee by Sceptre in favor of the Private Power & Infrastructure Board, Government of Pakistan, Islamabad in regard to the Kabirwala Project. Horizon may ultimately be an indirect owner of part of the equity of Fauji Kabirwala Power Company Limited, the entity developing the Kabirwala Project. b) In December 1995, Horizon entered into an acquisition and development agreement with New China Hong Kong Group Ltd. (a private investment company) through which the parties intend to explore ways to enter the electric generation market in mainland China. 5) Information on intercompany service transactions (including those provided at cost and at market rates) involving affiliated Intermediate Companies. None, neither Horizon nor National has any affiliate Intermediate Companies at this time. March 1, 1996 NATIONAL FUEL GAS COMPANY By: /s/Philip C. Ackerman Philip C. Ackerman Senior Vice President HORIZON ENERGY DEVELOPMENT, INC. By: /s/Bruce H. Hale Bruce H. Hale Vice President EX-99 2 HORIZON ENERGY DEVELOPMENT, INC. BALANCE SHEET At December 31, 1995 -------------------- ASSETS Current Assets: Cash $ 76,964 ---------- Total Current Assets 76,964 ---------- Property, Plant & Equipment 69,832 Less: Reserve for DDA 0 ---------- 69,832 ---------- Other Assets: Deferred Charges 2,098,327 ---------- Total Other Assets 2,098,327 ---------- Total Assets $2,245,123 ========== LIABILITIES AND STOCKHOLDERS EQUITY Capital Stock $1 Par: Shares Authorized, Issued and Outstanding: 1,250 $ 1,250 Paid-In-Capital 2,498,750 Retained Earnings (1,218,965) ---------- Total Stockholders Equity 1,281,035 ---------- Current and Accrued Liabilities: Accounts Payable 791,454 Accounts Payable - Intercompany 816,355 Other Accrued Liabilities 5,730 ---------- Total Current and Accrued Liabilities 1,613,539 ---------- Deferred Credits: Accumulated Deferred Income Taxes (656,366) Other Deferred Credits 6,915 ---------- Total Deferred Credits (649,451) ---------- Total Liabilities and Stockholders Equity $2,245,123 ========== EX-99 3 HORIZON ENERGY DEVELOPMENT, INC. INCOME STATEMENT Three Months Ended December 31, 1995 ----------------- Operating Expenses: Operation Expense $ 1,625,330 ----------- Total Operating Expenses 1,625,330 ----------- Pretax Loss (1,625,330) ----------- Income Taxes-Deferred (568,865) ----------- Net Loss $(1,056,465) =========== -----END PRIVACY-ENHANCED MESSAGE-----