-----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, C4EXurJPoaewA76vLzroMvg64JyAfgNgUPrNxOh6NGEdORtoooKzvnE3UW+TrimK yu1QM45SP7pGODZtdJXYIQ== 0000950120-96-000010.txt : 19960119 0000950120-96-000010.hdr.sgml : 19960119 ACCESSION NUMBER: 0000950120-96-000010 CONFORMED SUBMISSION TYPE: POS AMC PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 19960118 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: POS AMC SEC ACT: 1935 Act SEC FILE NUMBER: 070-08541 FILM NUMBER: 96505266 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 POS AMC 1 POST-EFFECTIVE AMENDMENT NO. 5 File No. 70-8541 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. POST-EFFECTIVE AMENDMENT NO. 5 TO FORM U-1 APPLICATION OR DECLARATION under the PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 -------------------------------------------- National Fuel Gas Company National Fuel Gas 10 Lafayette Square Distribution Corporation Buffalo, New York 14203 10 Lafayette Square Buffalo, New York 14203 Seneca Resources Corporation National Fuel Gas Supply 10 Lafayette Square Corporation Buffalo, New York 14203 10 Lafayette Square Buffalo, New York 14203 National Fuel Resources, Inc. Utility Constructors, Inc. 10 Lafayette Square 10 Lafayette Square Buffalo, New York 14203 Buffalo, New York 14203 Horizon Energy Development, Inc. 10 Lafayette Square Buffalo, New York 14203 (Names of companies filing this statement and addresses of principal executive offices) --------------------------------------------- NATIONAL FUEL GAS COMPANY (Name of top registered holding company) --------------------------------------------- Philip C. Ackerman Robert J. Reger, Jr., Esq. Senior Vice President Reid & Priest LLP National Fuel Gas Company 40 West 57th Street 10 Lafayette Square New York, New York 10019 Buffalo, New York 14203 (Names and addresses of agents for service) Item 6. Exhibits and Financial Statements. The following exhibits are filed herewith: (A) Exhibits G Financial Data Schedules. (B) Financial Statements S-10(a) Projected Statement of Cash Flows for Horizon Energy Development, Inc. for Calendar Years, 1996 and 1997. S-11 Horizon Energy Development, Inc. Pro Forma Statement of Income and Earnings Reinvested in the Business for the twelve months ended November 30, 1995, Pro Forma Balance Sheet at November 30, 1995 and Pro Forma Adjusting Entries. SIGNATURES Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned companies have duly caused this post-effective amendment to be signed on their behalf by the undersigned thereunto duly authorized. NATIONAL FUEL GAS COMPANY By /s/ Gerald T. Wehrlin -------------------------- Gerald T. Wehrlin Controller NATIONAL FUEL GAS DISTRIBUTION CORPORATION By /s/ Gerald T. Wehrlin -------------------------- Gerald T. Wehrlin Senior Vice President, Controller SENECA RESOURCES CORPORATION By /s/ Gerald T. Wehrlin -------------------------- Gerald T. Wehrlin Secretary, Treasurer and Controller NATIONAL FUEL GAS SUPPLY CORPORATION By /s/ Joseph P. Pawlowski -------------------------- Joseph P. Pawlowski Treasurer NATIONAL FUEL RESOURCES, INC. By /s/ Robert J. Kreppel -------------------------- Robert J. Kreppel President UTILITY CONSTRUCTORS, INC. By /s/ Joseph P. Pawlowski -------------------------- Joseph P. Pawlowski Treasurer HORIZON ENERGY DEVELOPMENT, INC. By /s/ Gerald T. Wehrlin -------------------------- Gerald T. Wehrlin Secretary DATED: January 18, 1996 EXHIBIT INDEX Exhibits 27 Financial Data Schedules. 99.1 Projected Statement of Cash Flows for Horizon Energy Development, Inc. for Calendar Years, 1996 and 1997. 99.2 Horizon Energy Development, Inc. Pro Forma Statement of Income and Earnings Reinvested in the Business for the twelve months ended November 30, 1995, Pro Forma Balance Sheet at November 30, 1995 and Pro Forma Adjusting Entries. EX-27 2 EXHIBIT G FINANCIAL DATA SCHEDULE WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM HORIZON ENERGY DEVELOPMENT, INC.'S FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. PER BOOK AMOUNTS REPRESENT THE PERIOD FROM HORIZON'S INITIAL CAPITALIZATION (SEPTEMBER 15, 1995) THROUGH NOVEMBER 30, 1995. 6 HORIZON ENERGY DEVELOPMENT, INC. 1,000 12-MOS 12-MOS SEP-30-1996 SEP-30-1996 DEC-01-1994 DEC-01-1994 NOV-30-1995 NOV-30-1995 PER-BOOK PRO-FORMA 70 70 0 0 254 100,254 992 992 0 0 1,316 101,316 1 1 1,299 1,299 (461) (6,038) 839 (4,738) 0 0 0 0 0 100,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 477 6,054 1,316 101,316 0 0 (248) (3,251) 709 709 461 (2,542) (461) 2,542 0 0 (461) 2,542 0 8,580 (461) (6,038) 0 0 (461) (6,038) 0 0 0 0 0 0 0 0 0 0
EX-99 3 EXHIBIT S-10(A) PROJ. STMT. OF CASH FLOWS S-10(a) NATIONAL FUEL GAS COMPANY PROJECTED STATEMENT OF CASH FLOWS HORIZON ENERGY DEVELOPMENT, INC. CALENDAR YEARS 1995-1997 $000 OMITTED HORIZON ------- CASH NEEDS CAPITAL EXPENDITURES $100,000 RETIREMENT OF LONG TERM DEBT 0 SHORT - TERM DEBT BALANCE AS OF 12/31/94 0 -------- TOTAL CASH NEEDS 100,000 ======== FUNDS AVAILABLE DEPRECIATION & AMORTIZATION 0 DEFERRED INCOME TAXES 0 NET INCOME NET OF DIVIDENDS 0 OTHER WORKING CAPITAL 0 -------- NET INTERNAL FUNDS 0 -------- EXTERNAL FUNDS REQUIRED $100,000 ======== MAXIMUM AUTHORIZATION REQUESTED $100,000 ======== EX-99 4 EXHIBIT S-11 PRO FORMA STMT. OF INCOME & EARN. HORIZON ENERGY DEVELOPMENT, INC. S-11 PROFORMA BALANCE SHEET Page 1 of 3 AT NOVEMBER 30, 1995 (UNAUDITED) (Thousands of Dollars) Adjustments Per Books Dr. (Cr.) Pro Forma --------- ----------- --------- ASSETS PROPERTY, PLANT AND EQUIPMENT $ 70 $ 70 LESS - ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION - - --------- ----------- --------- 70 70 --------- ----------- --------- CURRENT ASSETS CASH & TEMP. CASH INVESTMENTS 254 100,000 (a) 100,254 --------- ----------- --------- OTHER ASSETS DEFERRED CHARGES 992 992 --------- ----------- --------- TOTAL ASSETS $ 1,316 $ 100,000 $ 101,316 ========= =========== ========= CAPITALIZATION AND LIABILITIES CAPITALIZATION: CAPITAL OF SUBSIDIARIES $ 1 $ 1 PAID IN CAPITAL 1,299 1,299 EARNINGS REINVESTED IN THE BUSINESS (461) 5,577 (6,038) --------- ----------- --------- 839 5,577 (4,738) --------- ----------- --------- LONG-TERM DEBT - (100,000) (a) 100,000 --------- ----------- --------- TOTAL CAPITALIZATION 839 (94,423) 95,262 --------- ----------- --------- CURRENT AND ACCRUED LIABILITIES ACCOUNTS PAYABLE INTERCOMPANY 725 (8,580) (b) 9,305 OTHER CURRENT AND ACCRUED LIABILITIES - 3,003 (c) (3,003) --------- ----------- --------- 725 (5,577) 6,302 --------- ----------- --------- DEFERRED CREDITS ACCUMULATED DEFERRED INCOME TAXES (248) (248) --------- ----------- -------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,316 $ (100,000) $(101,316) ========= =========== ========= HORIZON ENERGY DEVELOPMENT, INC. S-11 PROFORMA STATEMENTS OF INCOME AND Page 2 of 3 EARNINGS REINVESTED IN THE BUSINESS FOR THE TWELVE MONTHS ENDED NOVEMBER 30, 1995* (UNAUDITED) (Thousands of Dollars) Adjustments Per Books Dr. (Cr.) Pro Forma --------- ----------- --------- OPERATING REVENUES $ - $ - --------- ----------- --------- OPERATING EXPENSES: OPERATION EXPENSE 709 709 INCOME TAXES - NET (248) (3,003) (c) (3,251) --------- ----------- --------- 461 (3,003) (2,542) --------- ----------- --------- OPERATING INCOME (461) (3,003) 2,542 -------- ----------- --------- INCOME BEFORE INTEREST CHARGES (461) (3,003) 2,542 -------- ----------- --------- INTEREST CHARGES: INTEREST - INTERCOMPANY - 8,580 (b) 8,580 -------- ----------- --------- NET INCOME (461) 5,577 (6,038) EARNINGS REINVESTED IN THE BUSINESS BALANCE AT DECEMBER 1, 1994 - - -------- ----------- --------- (461) 5,577 (6,038) DIVIDENDS ON COMMON STOCK - - -------- ----------- --------- BALANCE AT NOVEMBER 30, 1995 $ (461) $ 5,577 $ (6,038) ======== =========== ========= * Per Book amounts represent the period from Horizon's initial capitalization by National (September 15, 1995) through November 30, 1995. HORIZON ENERGY DEVELOPMENT, INC. S-11 PROFORMA ADJUSTING ENTRIES Page 3 of 3 AS OF NOVEMBER 30, 1995 (UNAUDITED) (Thousands of Dollars) Debit Credit ----- ------ (a) CASH $100,000 LONG-TERM NOTES PAYABLE - INTERCOMPANY: 8.58% NOTES DUE ______. $100,000 To record the sale of long-term promissory notes by Horizon to National at assumed interest rate of 8.58%. (b) INTEREST EXPENSE - INTERCOMPANY $ 8,580 INTEREST PAYABLE - INTERCOMPANY $ 8,580 To record annual interest expense on the new debt issued. (c) FEDERAL INCOME TAXES PAYABLE $ 3,003 FEDERAL INCOME TAX EXPENSE $ 3,003 To record income tax effect of entry (b). -----END PRIVACY-ENHANCED MESSAGE-----