U-9C-3 1 ye01r58.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM U-9C-3 QUARTERLY REPORT PURSUANT TO RULE 58 FOR THE QUARTER ENDED March 31, 2001 NATIONAL GRID USA 25 Research Drive, Westborough, MA 01582
NATIONAL GRID USA For The Quarter Ended March 31, 2001 ITEM 1 - ORGANIZATION CHART Percentage Energy or State of Voting Name of Reporting Gas-Related Date of of Securities Company Company Organization Organization Held Nature of Business ----------------- ----------- ------------ ------------ ----------- -------------------------------------- N/A for Fourth Quarter
NATIONAL GRID USA For The Quarter Ended March 31, 2001 Item 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS Type of Principal Issue Cost Person to Collateral Consideration Security Amount of or of Whom Security Given with Received for Company Issuing Security Issued Security Renewal Capital Was Issued Security Each Security ------------------------ -------- --------- ------- ------- -------------- ----------- ------------- N/A
NATIONAL GRID USA For The Quarter Ended March 31, 2001 (cont?d.) Item 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS (expressed in millions, rounded to hundred thousands of dollars) Company Company Amount of Contributing Receiving Capital Capital Capital Contribution ------------ --------- ------------ NEES Energy, Inc. AllEnergy Marketing Company, L.L.C. $(93.7) (a) National Grid USA EUA Cogenex Corporation $ (2.0) (a) National Grid USA Wayfinder Group, Inc. $ (1.0) (b) National Grid USA EUA Energy Investment Corporation $ (5.0) (c) (a) In the fourth quarter, National Grid USA completed the last of a series of sales, comprising substantially all of AllEnergy Marketing Company, L.L.C.?s (AllEnergy) business operations to independent third parties. Also consummated in the fourth quarter was the sale of EUA Cogenex Corporation (EUA Cogenex). The numbers listed as ?Amount of Capital Contribution? in Item 2, above, reflect the adjustments to the post-Rule 58 aggregate investment in the identified energy- related companies as a result of these sales. (b) This adjustment reflects Wayfinder Group, Inc.?s write-down of its investment in Separation Technologies, Inc. (STI). (c) This adjustment reflects EUA Energy Investment Corporation?s write-down of its investment in STI and the Skipping Stone and Bluestone Energy projects.
NATIONAL GRID USA For The Quarter Ended March 31, 2001 ITEM 3 - ASSOCIATE TRANSACTIONS (expressed in millions, rounded to hundred thousands of dollars) Part I - Transactions performed by reporting companies on behalf of associate companies Direct Indirect Total Reporting Company Associate Company Types of Services Costs Costs Cost of Amount Rendering Services Receiving Services Rendered Charged Charged Capital Billed ------------------ ------------------ ----------------- ------- ------- ------- ------ N/A Part II - Transactions performed by associate companies on behalf of reporting companies Direct Indirect Total Associate Company Reporting Company Types of Services Costs Costs Cost of Amount Rendering Services Receiving Services Rendered Charged Charged Capital Billed ----------------- ------------------ ----------------- ------- ------- ------- ------ Massachusetts Electric Wayfinder Group, Inc. Customer Service (1) (1) Company New England Power Company National Grid Trans- Miscellaneous (2) (1) (1) (1) mission Services Corp. National Grid USA National Grid Trans- Miscellaneous (3) (1) (1) (1) (1) Service Co., Inc. mission Services Corp. National Grid USA Wayfinder Group, Inc. Miscellaneous (4) (1) (1) (1) (1) Service Co., Inc. Information Services (1) (1) (1) Corp. Acctg. (1) (1) (1) (1) New Bus. Develop. (1) (1) (1) (1) National Grid USA New England Energy, Inc. Miscellaneous (2) (1) (1) (1) (1) Service Co., Inc. National Grid USA EUA Energy Investment Corp. Acctg. (1) (1) (1) (1) Service Co., Inc. Corporation Corp. Legal (1) (1) (1) (1) (1) Amounts are below $100,000. (2) Represents 3 types of services totaling less than $100,000 in aggregate. (3) Represents 5 types of services totaling less than $100,000 in aggregate. (4) Represents 9 types of services totaling less than $100,000 in aggregate.
NATIONAL GRID USA At March 31, 2001 ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT (expressed in millions, rounded to hundred thousands of dollars) Investment in energy-related companies: Total consolidated capitalization as of March 31, 2001 $5,256.9 (1) line 1 Total capitalization multiplied by 15 percent 788.5 line 2 (line 1 multiplied by 0.15) Greater of $50 million or line 2 788.5 line 3 Total current aggregate investment (2): (categorized by major line of energy- related business) Power marketing and other 7.2 Energy software 2.2 Ownership, operation, and maintenance of Qualifying Facilities 27.7 ------ Total current aggregate investment $ 37.1 line 4 ------ Difference between the greater of $50 million or 15 percent of capitalization and the total aggregate investment of the registered holding company system (line 3 less line 4) $751.4 line 5 (1) Consolidated capitalization includes total common equity, cumulative preferred stock, long-term debt (including long-term debt due within one year), and short-term debt. (2) In the fourth quarter, National Grid USA completed the last of a series of sales, comprising substantially all of AllEnergy?s business operations to independent third parties. Also consummated in the fourth quarter was the sale of EUA Cogenex. This report reflects National Grid USA?s aggregate investment adjusted for the sales of substantially all of AllEnergy?s assets, EUA Cogenex, and the Company?s write-down of its investment in STI and other investments.
NATIONAL GRID USA For The Quarter Ended March 31, 2001 ITEM 5 - OTHER INVESTMENTS (expressed in millions, rounded to hundred thousands of dollars) Reason for Major Line Other Other Difference or Energy-Related Investment in Investment in Other Business (1) Last U-9C-3 Report in U-9C-3 Report Investment ----------------- ------------------ ---------------- ---------- Power Marketing $18.5 $ 5.9 Sale of and Other AllEnergy and write-down of investment in STI Energy Management $46.7 $ 0.0 Sale of EUA and Efficiency Cogenex Ownership, operation, $30.5 $26.7 Write-down of and maintenance of investment Qualifying Facilities in STI (1) Investments for these reporting entities prior to March 1997 were excluded from aggregate investment in Item 4.
ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS (A) Exhibits 10(g) Certificate stating that a copy of the report for the previous quarter has been filed with the appropriate state commissions. SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned company has duly caused this report to be signed on its behalf by the undersigned officer thereunto duly authorized. NATIONAL GRID USA s/ John G. Cochrane _______________________________ John G. Cochrane, Treasurer Date: June 28, 2001 EXHIBIT INDEX Exhibit No. Description Page ---------- -------------------------------------- -------------- 10(g) Certificate stating that a copy of the Filed Herewith report for the previous quarter has been filed with interested state commissions. CERTIFICATE ----------- A copy of the Form U-9C-3 report for the previous quarter (quarter ended December 31, 2000) has been filed with the interested state commissions in accordance with Rule 58 under the Public Utility Holding Company Act of 1935. The names and addresses of such state commissions are as follows: Mrs. Luly Massaro, Clerk Rhode Island Public Utilities Commission 100 Orange Street Providence, Rhode Island 02903 Mary L. Cottrell, Secretary Massachusetts Department of Telecommunications and Energy 1 South Station, 2nd Floor Boston, MA 02110 Mr. Thomas B. Getz Executive Director and Secretary New Hampshire Public Utilities Commission 8 Old Suncook Road Concord, New Hampshire 03301 SIGNATURE: NATIONAL GRID USA s/ John G. Cochrane By_______________________________ Name: John G. Cochrane Title: Treasurer Date: June 28, 2001