-----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, Pb1N5Y/3B3a+x1Xk8vCLe61uYgK/ntzjP04vUnOm5K7HFxI0HmKMF1CE1H3+kYS9 GFqn4WWFG+kF6sZa0H/2IA== 0000072741-96-000098.txt : 19960520 0000072741-96-000098.hdr.sgml : 19960520 ACCESSION NUMBER: 0000072741-96-000098 CONFORMED SUBMISSION TYPE: U5S/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19951231 FILED AS OF DATE: 19960517 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHEAST UTILITIES 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: U5S/A SEC ACT: 1935 Act SEC FILE NUMBER: 001-05324 FILM NUMBER: 96569195 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 U5S/A 1 Commission File Number: 30-246 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549-1004 FORM U5S/A ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31, 1995 Filed pursuant to the Public Utility Holding Company Act of 1935 by NORTHEAST UTILITIES 174 Brush Hill Avenue, West Springfield, Massachusetts 01090-0010 (Corporate Address) Selden Street, Berlin, Connecticut 06037-1616 (Principal Headquarters) NORTHEAST UTILITIES FORM U5S/A ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31, 1995 TABLE OF CONTENTS ITEM PAGE 9. Wholesale Generators and Foreign Utility Companies.......... 2 10. Financial Statements and Exhibits Exhibit I - Unaudited 1995 Financial Reports of Encoe Partners, a Foreign Utility Company ................ 3 Signature............................................. 7 ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES Part I. 1(a) Identification of Company: 1. Company: Encoe Partners 2. Location: 4 Millbank London SWIP 3ET 3. Business address: Same 4. Description: An English general partnership formed for the sole purpose of building, owning, and operating a power generating facility and acquiring certain rights and obligations under a power contract relating to the 1,875 MW gas-fired combined cycle power plant in Teesside, Wilton, Cleveland, England (Teesside). 5. System company that holds interest : COE (Gencoe) Corp. and COE (UK) Corp. both Connecticut corporations. 6. EWG or FUCO: FUCO (b) Capital investment in company by NU, direct or indirect: 1. Type: Capital contribution 2. Amount: $3.8 million 3. Debt: Promissory note for Charter Oak Energy, Inc. to loan COE (Gencoe) Corp. $757,023.78. 4. Other financial obligations with recourse to NU or another system company: None 5. Guarantees by NU: None Transfer of assets to an affiliated EWG or FUCO: 1. Market value: None 2. Book value: None 3. Sale price: None (c) State the ratio of debt to common equity and earnings as of 12/31/95: 1. Ratio of debt to common equity: 0.345 2. Earnings: $681,594 (d) Service, Sales, or Construction Contracts: None ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS EXHIBIT I - UNAUDITED 1995 FINANCIAL REPORTS OF ENCOE PARTNERS ENCOE PARTNERS* PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED DECEMBER 31, 1995 (Unaudited) Period Ended Period Ended December 31, 1995 December 31, 1994 ----------------- ----------------- Pounds Sterling Pounds Sterling (000) (000) Turnover 9,265 10,284 Cost of Sales (8,829) (9,471) ------ ------ Gross profit 436 813 Administrative expenses (12) (6) ------ ------ Operating profit 424 807 Interest receivable and similar income 13 17 Interest payable and similar charges (6) (10) ------ ------ Profit for the period 431 814 ====== ====== Balance of profits shared: COE (UK) Corp. 387 641 Enrici Power Marketing Limited (141) 68 Enron Europe Liquids Processing 185 105 ------ ------ 431 814 ====== ====== There were no recognized gains and losses other than profit for the period. Encoe Partners is 50 percent owned by COE (UK) Corp. ENCOE PARTNERS* BALANCE SHEET AS OF DECEMBER 31, 1995 (Unaudited) 1995 1994 ---- ---- Pounds Sterling Pounds Sterling (000) (000) Fixed assets: Tangible fixed assets 3,585 3,770 Investments 2,383 2,577 ------ ------ 5,968 6,347 ------ ------ Current assets: Debtors 2,256 1,110 Cash at bank and in hand 1 718 ------ ------ 2,257 1,828 ------ ------ Creditors: amounts falling due within one period (2,112) (1,745) ------ ------ Net current assets 145 83 Net assets 6,113 6,430 ====== ====== Partners' funds: Capital accounts 5,968 6,347 Income accounts 145 83 ------ ------ Total partners' funds 6,113 6,430 ====== ====== *Encoe Partners is 50 percent owned by COE (UK) Corp. ENCOE PARTNERS* CASH FLOW STATEMENT FOR THE PERIOD ENDED DECEMBER 31, 1995 (Unaudited) Period Ended Period Ended December 31, 1995 December 31, 1994 ----------------- ----------------- Pounds Sterling Pounds Sterling (000) (000) Net cash (outflow)/inflow from operating activities (355) 1,665 ------ ------ Returns on investment and servicing of finance: Interest received 13 17 Interest paid (6) (10) Partners' drawings (369) (954) ------ ------ Net cash outflow from returns on investments and servicing of finance (362) (947) ------ ------ Investing activities: Payments to acquire fixed assets - (3,875) ------ ------ Net cash outflow from investing activities - (3,875) ------ ------ Financing activities: Partners' capital contributions - 3,875 ------ ------ Net cash inflow from financing - 3,875 ------ ------ Movement in cash and cash equivalents (717) 718 ====== ====== *Encoe Partners is 50 percent owned by COE (UK) Corp. ENCOE PARTNERS* CAPITAL ACCOUNTS (Unaudited) During the period the following movements on the partners' capital accounts occurred: Enrici Enron Power Europe COE (UK) Marketing Liquids Limited Limited Processing Total -------- --------- ---------- ----- Pounds Sterling (000) Opening balance at 1/1/95 2,577 - 3,770 6,347 Amortization of investment (194) - (185) (379) ------ ------ ------ ------ Closing balance at 12/31/95 2,383 - 3,585 5,968 ====== ====== ====== ====== *Encoe Partners is 50 percent owned by COE (UK). SIGNATURE Northeast Utilities, a registered holding company, has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized, pursuant to the requirements of the Public Utility Holding Company Act of 1935. NORTHEAST UTILITIES By: /s/ John J. Roman ------------------ John J. Roman Vice President and Controller May 16, 1996 -----END PRIVACY-ENHANCED MESSAGE-----