-----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, FCE0Cqf/mAZHSaSPYT0XYwinLL3ONMHLY22ixA1S92zoAX4KhOF9ukJNR9HHuEfZ 7vY2+DMqgPhBek2Rpxi3nA== 0000070145-96-000078.txt : 19961202 0000070145-96-000078.hdr.sgml : 19961202 ACCESSION NUMBER: 0000070145-96-000078 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19961127 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: 96673159 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 FIFTH CERTIFICATE 2 UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION In the Matter of FIFTH 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 September 30, 1996 is herein provided: 1a) Horizon's balance sheet at September 30, 1996 is attached as Exhibit 1. 1b) National's balance sheet at September 30, 1996 will be included in National's Form 10k for fiscal 1996 which is anticipated to be filed with the Commission in December 1996 and is incorporated herein by reference. 2a) Horizon's income statement for the quarter ended September 30, 1996 is attached as Exhibit 2. 2b) National's income statement for the quarter ended September 30, 1996 will be included in National's Form 10k for fiscal 1996 which is anticipated to be filed with the Commission in December 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 September 30, 1996. None. 4) A general description of the activities of the Applicants for the period ended September 30, 1996 and of the projects in which they or their subsidiary companies have an ownership interest: Horizon has committed approximately $15 million to date in a combination of development cost expenditures, loans and guarantees to facilitate the development of a 151 Megawatt power plant near Kabirwala, Pakistan which is to be constructed and owned by Fauji Kabirwala Power Company, Ltd. ("FKPCL"), a certified EWG. While on August 30, 1996 Horizon announced a disinclination to make an equity investment in FKPCL, an Intermediate Company of National and/or Horizon continues to own 48.19% of the voting stock of FKPCL. 5) Information on intercompany service transactions (including those provided at cost and at market rates) involving affiliated Intermediate Companies. Neither Horizon or National engaged in any intercompany service transactions with affiliate Intermediate Companies. November 27, 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 BALANCE SHEET Exhibit 1 HORIZON ENERGY DEVELOPMENT, INC. BALANCE SHEET At September 30, 1996 ASSETS Current Assets: Cash 317,461 Accounts Receivable 341,476 Prepaid Expenses 53,687 Total Current Assets 712,624 Property, Plant & Equipment 1,734,588 Less: Reserve for DDA 461,245 1,273,343 Other Assets 1,406,145 Total Assets 3,392,112 LIABILITIES AND STOCKHOLDERS EQUITY Capital Stock $1 Par: Shares Authorized, Issued and Outstanding: 1,250 1,250 Paid-in Capital 3,248,750 Retained Earnings (9,590,149) Total Stockholders Equity (6,340,149) Current and Accrued Liabilities: Notes Payable - Intercompany 7,600,000 Accounts Payable 3,185,711 Accounts Payable - Intercompany 831,526 Federal Income Taxes Payable (2,620,923) Other Accrued Liabilities (24,305) Total Current and Accrued Liabilities 8,972,009 Deferred Credits: Accumulated Deferred Income Taxes (43,395) Other Deferred Credits 803,647 Total Deferred Credits 760,252 Total Liabilities and Stockholders Equity 3,392,112 EX-99 3 HORIZON INCOME STATEMENT Exhibit 2 HORIZON ENERGY DEVELOPMENT, INC. INCOME STATEMENT Three Months Ended September 30, 1996 Operating Revenues 286,103 Operating Expenses: Operation Expense 7,397,432 Maintenance Expense 6,123 Property, Franchise and Other Taxes 1,607 Depreciation, Depletion and Amortization (4,428) Total Operating Expenses 7,400,734 Operating Loss Before Taxes (7,114,631) Other Income 48,749 Income Taxes - Current (5,066,724) - Deferred 2,573,036 (2,493,688) Loss Before Interest Charges (4,572,194) Interest Charges 142,548 Net Loss (4,714,742) -----END PRIVACY-ENHANCED MESSAGE-----