-----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, AZCP/1yVYNeI8VcfBkjwuERJJlMfNzbDPjPZv/XXQ5GjTJ8C8Y7jsAYj7Lh21PS4 3vfd0UpS+S90R1VRxn3FuQ== 0000072741-97-000088.txt : 19970602 0000072741-97-000088.hdr.sgml : 19970602 ACCESSION NUMBER: 0000072741-97-000088 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970530 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHEAST UTILITIES SYSTEM CENTRAL INDEX KEY: 0000072741 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 042147929 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: 1935 Act SEC FILE NUMBER: 070-08825 FILM NUMBER: 97617290 BUSINESS ADDRESS: STREET 1: 174 BRUSH HILL AVE CITY: WEST SPRINGFIELD STATE: MA ZIP: 01090-0010 BUSINESS PHONE: 2036655000 MAIL ADDRESS: STREET 1: 107 SELDON ST CITY: BERLIN STATE: CT ZIP: 06037-1616 35-CERT 1 NU QTRYLY RPT FILING UNDER RULE 24 OF 35 ACT UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Application of Northeast ) Utilities, Western Massachusetts ) Electric Company, The Quinnehtuk ) Company, Northeast Utilities ) Service Company, The Connecticut ) Light and Power Company, Northeast ) Nuclear Energy Company, The Rocky ) River Realty Company, Public ) Service Company of New Hampshire, ) CERTIFICATE PURSUANT TO North Atlantic Energy Company and ) RULE 24 UNDER THE PUBLIC North Atlantic Energy Service ) UTILITY HOLDING COMPANY ACT Company on Form U-1 ) OF 1935 (File No. 70-8825) ) Pursuant to the requirements of Rule 24 under the Public Utility Holding Company Act of 1935, Northeast Utilities (NU), a registered holding company, hereby files this quarterly report as required by the Securities and Exchange Commission's order authorizing acquisition of nonutility subsidiaries (HCAR. No. 26554; August 13, 1996, File No. 70-8825)(Order). For the first quarter ended March 31, 1997, the activities to be reported pursuant to the Order are as follows: 1) Since there were no new companies during this quarter, there are no bylaws or certificates of incorporation to include. 2) The number of employees assigned to NUSCO Energy Partners, Inc. are: 9 employees - Northeast Utilities Service Company 3) The services provided to NUSCO Energy Partners, Inc. for the first quarter are as follows: Provided by Northeast Utilities Service Company: Thousands of dollars Marketing services $789 New product development 376 Customer billing system development 199 Legal services 23 Miscellaneous 7 ----- Total $1,394 ====== Provided by Public Service Company of New Hampshire: Customer billing system development $60 Marketing services 12 Miscellaneous 2 ----- Total $ 74 ===== 4) Balance Sheet, Income Statement, and Statement of Cash Flow NUSCO ENERGY PARTNERS, INC. BALANCE SHEET (Unaudited) March 31, 1997 Thousands of Dollars ---------- ASSETS - ------ Current Assets: Cash $ 40 Receivables, net 117 Taxes receivable from affiliated companies 1,170 Other 5 ----------- 1,332 ----------- Total Assets $ 1,332 =========== CAPITALIZATION AND LIABILITIES - ------------------------------ Capitalization: Common shareholders' equity: Common shares $ - Capital surplus, paid in 51 Retained earnings (2,161) ----------- Total capitalization (2,110) ----------- Current Liabilities: Accounts payable 984 Accounts payable to affiliated companies 2,458 ----------- 3,442 ----------- Total Capitalization and Liabilities $ 1,332 =========== NUSCO ENERGY PARTNERS, INC. INCOME STATEMENT (Unaudited) First quarter Ended March 31, 1997 ------------- (Thousands of Dollars) Operating Revenues $ 422* ------------- Operating Expenses: Operation Purchased power - energy 268 Purchased power - capacity 52 Other 2,692 Maintenance 1 Federal and state income taxes (905) Taxes other than income taxes 2 ------------- Total operating expenses 2,110 ------------- Operating Loss (1,688) ------------- Other Deductions (60) ------------- Net Loss $ (1,748) ============= *First quarter revenues of $422,000 reflect $343,000 related to first quarter activity and a $79,000 adjustment of the 1996 fourth quarter activity. NUSCO ENERGY PARTNERS, INC. STATEMENT OF CASH FLOWS (Unaudited) First quarter Ended March 31, 1997 ------------- (Thousands of Dollars) Operating Activities: Net Loss $ (1,748) Changes in working capital: Receivables and accrued revenues (932) Accounts payable 2,673 Other working capital (excludes cash) (3) ------------- Net cash flows from operating activities (10) Financing Activities: Additional paid in capital 50 ------------- Net cash flows from financing activities 50 Net increase (decrease) in cash 40 Cash - beginning of period 0 ------------- Cash - end of period $ 40 ============= 5) Number of kilowatt hours marketed or sold at retail by customer class NUSCO ENERGY PARTNERS, INC. KWHS SOLD AT RETAIL (Unaudited) First quarter Ended March 31, 1997 ------------ (Thousands of KWHs) Residential 5,116 Commercial 6,053 Industrial 347 ------------ 11,516 ============ Pursuant to the Supplemental Order Authorizing Expansion of Marketing Activities of Nonutility Subsidiaries (HCAR. No. 26592; October 11, 1996, File No. 70-8825)(Supplemental Order). For the first quarter ended March 31, 1997, the activities to be reported pursuant to the Supplemental Order are as follows: 1) A description of the marketing activities undertaken during the quarter with a copy of any applicable state regulatory approval of the program under which such activities are conducted and/or any applicable energy tariff. During this quarter, the activities consisted of: Marketing of energy in the New Hampshire retail competition program. Marketing activities related to request for proposals for energy service. Marketing activities in Phase 1 of Rhode Island open access. There were no applicable state regulatory approvals. 2) 100% of the total revenues is attributable to energy sales. 3) The income statement and balance sheet are included above. SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned company has duly caused this Certificate to be signed on its behalf by the undersigned thereunto duly authorized. /s/ John J. Roman Vice President and Controller Northeast Utilities P.O. Box 270 Hartford, CT 06141-0270 May 30, 1997 -----END PRIVACY-ENHANCED MESSAGE-----