-----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, T88vBwBixXvgTgcuK0wWJinT9XvZUR8QlvdzXAqgK+Sb4JDjCt9E/otIKmOJ8sGP 1mHaBNgwekqsS+pqvSNZEA== 0000071297-96-000076.txt : 19961115 0000071297-96-000076.hdr.sgml : 19961115 ACCESSION NUMBER: 0000071297-96-000076 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 19961113 SROS: BSE SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEW ENGLAND ELECTRIC SYSTEM CENTRAL INDEX KEY: 0000071297 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 041663060 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: 1935 Act SEC FILE NUMBER: 070-08783 FILM NUMBER: 96660812 BUSINESS ADDRESS: STREET 1: 25 RESEARCH DR CITY: WESTBOROUGH STATE: MA ZIP: 01581 BUSINESS PHONE: 5083669011 35-CERT 1 File No.: 70-8783 CERTIFICATE OF NOTIFICATION (Rule 24) SECURITIES AND EXCHANGE COMMISSION BY NEW ENGLAND ELECTRIC RESOURCES, INC. (NEERI) In accordance with the order of the Securities and Exchange Commission dated April 15, 1996, the following is a report for the third quarter of 1996: 1. In July, 1996 NEERI International, a wholly-owned subsidiary of NEERI, was formed under the laws of the Cayman Islands. NEERI owns two shares of NEERI International, which will serve as a Project Parent for prospective EWG/FUCO investments under File No. 70-8783. NEERI International has no employees, and has had no activity as of September 30, 1996. 2. Attached in Exhibits A through C are a balance sheet, twelve months ending income statement, and a statement of cash flow for NEERI. SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned company has duly caused this certificate of notification (Commission's File No. 70-8783) to be signed on its behalf by the undersigned officer thereunto duly authorized. NEW ENGLAND ELECTRIC RESOURCES, INC. s/John G. Cochrane By: _________________________________ John G. Cochrane Treasurer Date: November 13, 1996 EX-99 2 EXHIBIT INDEX Exhibit No. Description Page - ----------- ----------- ---- A Balance Sheet at September 30, 1996 Filed (Unaudited, subject to adjustment) herewith B Statement of Income and Accumulated Filed Deficit for twelve months ended herewith September 30, 1996 (Unaudited, subject to adjustment) C Statement of Cash Flows for twelve Filed months ended September 30, 1996 herewith (Unaudited, subject to adjustment) EX-99 3 EXHIBIT A Exhibit A NEW ENGLAND ELECTRIC RESOURCES, INC. Balance Sheet September 30, 1996 (Unaudited, Subject to Adjustment) ASSETS - ------ Current assets: Cash $ 487,810 Accounts receivable 336,868 Accounts receivable from associated companies 3,021 Tax benefit receivable 454,042 ----------- Total current assets 1,281,741 ----------- Investment in Separation Technologies, Inc., at cost 999,999 Investment in Monitoring Technologies, Inc., at cost 475,001 ----------- Total other assets 1,475,001 ----------- Total assets $ 2,756,741 =========== LIABILITIES AND PARENT COMPANY'S INVESTMENT - ------------------------------------------- Current liabilities: Accounts payable to associated companies $ 79,650 Accounts payable 19,844 Accrued taxes 137,898 ----------- Total current liabilities 237,392 Accumulated deferred income taxes 81,900 ----------- Total liabilities 319,292 Parent company's investment: Common stock, par value $1 per share 1,000 Subordinated notes payable to parent 6,748,999 Paid-in capital 0 Accumulated deficit (4,312,550) ----------- Total parent company's investment 2,437,449 ----------- Total liabilities and parent company's investment $ 2,756,741 =========== EX-99 4 EXHIBIT B Exhibit B NEW ENGLAND ELECTRIC RESOURCES, INC. Statement of Income and Accumulated Deficit For the Twelve Months Ended September 30, 1996 (Unaudited, Subject to Adjustment) INCOME - ------ Services rendered to nonassociated companies $ 472,524 Miscellaneous income or loss 0 ----------- Total Income $ 472,524 ----------- EXPENSE - ------- Administrative and General Expenses $ 5,203,308 Income taxes (1,689,010) ----------- Total Expenses 3,514,298 ----------- Net Income/(Loss) $(3,041,774) =========== Accumulated deficit at beginning of period (1,270,776) ----------- Accumulated deficit at end of period $(4,312,550) =========== EX-99 5 EXHIBIT C Exhibit C NEW ENGLAND ELECTRIC RESOURCES, INC. Statement of Cash Flows For the Twelve Months Ended September 30, 1996 (Unaudited, Subject to Adjustment) Operating Activities: Net loss $(3,041,774) Adjustments to reconcile net loss to net cash provided by operating activities: Deferred income taxes (217,500) (Increase)/decrease in tax benefit receivable (95,590) (Increase)/decrease in accounts receivable (40,368) Increase/(decrease) in accounts payable 48,900 Increase/(decrease) in accrued taxes 137,898 (Increase)/decrease in deferred charges and other assets 225,630 ----------- Net cash provided by operating activities $(2,982,804) =========== Investing Activities: Investment in Monitoring Technologies, Inc., at cost $ (475,001) ----------- Net cash used in investing activities $ (475,001) =========== Financing Activities: Subordinated notes payable to parent-issues $ 3,775,000 Proceeds from common stock issued 0 ----------- Net cash used in financing activities $ 3,775,000 =========== Net increase/(decrease) in cash and cash equivalents $ 317,195 Cash and cash equivalents at beginning of period 170,615 ----------- Cash and cash equivalents at end of period $ 487,810 =========== -----END PRIVACY-ENHANCED MESSAGE-----