10-Q

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549



                                    FORM 10-Q



             [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934


                For the quarterly period ended September 30, 1998


                                       OR


             [ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934


               Exact name of Registrants as specified in
               their charters, State of Incorporation,       IRS Employer
Commission     address of principal executive offices and    Identification
File Number    Registrants' telephone number                 Number
- -----------    ------------------------------------------    --------------
33-87902       ESI Tractebel Funding Corp.                   04-3255377
               (a Delaware corporation)
33-87902-02    Northeast Energy Associates,                  04-2955642
               A Limited Partnership
               (a Massachusetts limited partnership)
33-87902-01    North Jersey Energy Associates,               04-2955646
               A Limited Partnership
               (a New Jersey limited partnership)
333-52397      ESI Tractebel Acquisition Corp.               65-0827005
               (a Delaware corporation)
333-52397-01   Northeast Energy, LP                          65-0811248
               (a Delaware limited partnership)
               ------------------------------------------
               c/o FPL Energy, Inc.
               700 Universe Boulevard
               Juno Beach, Florida 33408-2683
               (561) 691-7171

Indicate by check mark whether the registrants (1) have filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 
1934 during the preceding 12 months and (2) have been subject to such filing 
requirements for the past 90 days.    Yes  X        No ___

                      ----------------------------------

This combined Form 10-Q represents separate filings by ESI Tractebel Funding 
Corp., Northeast Energy Associates, A Limited Partnership, North Jersey 
Energy Associates, A Limited Partnership, ESI Tractebel Acquisition Corp. and 
Northeast Energy, LP. Information contained herein relating to an individual 
registrant is filed by that registrant on its own behalf. Each registrant 
makes representations only as to itself and makes no other representations 
whatsoever as to any other registrant.



SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 
1995

In connection with the safe harbor provisions of the Private Securities 
Litigation Reform Act of 1995 (Reform Act), ESI Tractebel Funding Corp. (the 
Funding Corp.), Northeast Energy Associates, A Limited Partnership (NEA) and 
North Jersey Energy Associates, A Limited Partnership (NJEA) (collectively, 
the Partnerships), ESI Tractebel Acquisition Corp. (the Acquisition Corp.) 
and Northeast Energy, LP (NE LP) (all five entities collectively, the 
Registrants) are hereby filing cautionary statements identifying important 
factors that could cause the Registrants' actual results to differ materially 
from those projected in forward-looking statements (as such term is defined 
in the Reform Act) of the Registrants made by or on behalf of the Registrants 
which are made in this combined Form 10-Q, in presentations, in response to 
questions or otherwise. Any statements that express, or involve discussions 
as to, expectations, beliefs, plans, objectives, assumptions or future events 
or performance (often, but not always, through the use of words or phrases 
such as will likely result, are expected to, will continue, is anticipated, 
estimated, projection, outlook) are not statements of historical facts and 
may be forward-looking. Forward-looking statements involve estimates, 
assumptions and uncertainties that could cause actual results to differ 
materially from those expressed in the forward-looking statements. 
Accordingly, any such statements are qualified in their entirety by reference 
to, and are accompanied by, the following important factors that could cause 
the Registrants' actual results to differ materially from those contained in 
forward-looking statements of the Registrants made by or on behalf of the 
Registrants.

Any forward-looking statement speaks only as of the date on which such 
statement is made, and the Registrants undertake no obligation to update any 
forward-looking statement or statements to reflect events or circumstances 
after the date on which such statement is made or to reflect the occurrence 
of unanticipated events. New factors emerge from time to time and it is not 
possible for management to predict all of such factors, nor can it assess the 
impact of each such factor on the business or the extent to which any factor, 
or combination of factors, may cause actual results to differ materially from 
those contained in any forward-looking statements.

Some important factors that could cause actual results or outcomes to differ 
materially from those discussed in the forward-looking statements include 
prevailing governmental policies and regulatory actions with respect to 
allowed rates of return, industry and rate structure, acquisition and 
disposal of assets and facilities, operation and construction of plant 
facilities, recovery of fuel and purchased power costs, and present or 
prospective competition.

The business and profitability of the Registrants are also influenced by 
economic and geographic factors including political and economic risks, 
changes in and compliance with environmental and safety laws and policies, 
weather conditions, population growth rates and demographic patterns, 
competition for retail and wholesale customers, pricing and transportation of 
commodities, market demand for energy from plants or facilities, changes in 
tax rates or policies or in rates of inflation, unanticipated development 
project delays or changes in project costs, unanticipated changes in 
operating expenses and capital expenditures, capital market conditions, 
competition for new energy development opportunities, and legal and 
administrative proceedings (whether civil, such as environmental, or 
criminal) and settlements, and any unanticipated impact of the year 2000, 
including delays or changes in costs of year 2000 compliance, or the failure 
of major suppliers, customers and others with whom the Registrants do 
business to resolve their own year 2000 issues on a timely basis.

All such factors are difficult to predict, contain uncertainties which may 
materially affect actual results, and are beyond the control of the 
Registrants.

PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

ESI TRACTEBEL FUNDING CORP.
BALANCE SHEETS
(Thousands of Dollars)
(Unaudited)




                                                                                     September 30,   December 31,
                                                                                         1998            1997     
                                                                                                 
ASSETS
Current assets:
  Cash ...........................................................................     $       1       $       1
  Current portion of notes receivable from the Partnerships ......................        22,537          21,563
  Interest receivable from the Partnerships ......................................        11,218               -
    Total current assets .........................................................        33,756          21,564

Notes receivable from the Partnerships ...........................................       456,968         468,724

TOTAL ASSETS .....................................................................     $ 490,724       $ 490,288


LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Current portion of securities payable ..........................................     $  22,537       $  21,563
  Accrued interest ...............................................................        11,218               -
    Total current liabilities ....................................................        33,755          21,563

Securities payable ...............................................................       456,968         468,724

Stockholders' equity:
  Common stock, no par value, 10,000 shares authorized, issued and outstanding ...             1               1

COMMITMENTS AND CONTINGENCIES

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY .......................................     $ 490,724       $ 490,288



                                                                   Three Months Ended      Nine Months Ended
                                                                     September 30,           September 30,    
                                                                     1998      1997          1998      1997   
                                                                                         
Interest income ..............................................     $ 11,218  $ 11,699      $ 34,109  $ 35,604
Interest expense .............................................      (11,218)  (11,699)      (34,109)  (35,604)
 
NET INCOME ...................................................     $      -  $      -      $      -  $      -



                                                                                             Nine Months Ended
                                                                                                September 30,     
                                                                                             1998          1997   
                                                                                                  
NET CASH PROVIDED BY OPERATING ACTIVITIES ............................................     $       -    $       -

CASH FLOWS FROM FINANCING ACTIVITIES:
  Principal payment received from the Partnerships....................................        10,782       12,038
  Principal payment on debt ..........................................................       (10,782)     (12,038)
    Net cash provided by financing activities ........................................             -            -

Net increase in cash .................................................................             -            -
Cash at beginning of period ..........................................................             1            1
Cash at end of period ................................................................     $       1    $       1

Supplemental disclosures of cash flow information:
  Cash paid for interest .............................................................     $  22,891    $  23,905



                                                                                                       December 31,
                                                                                      September 30,       1997
                                                                                          1998        (Prior Basis)
                                                                                                
ASSETS
Current assets:
  Cash and cash equivalents ......................................................     $   45,642     $  61,203
  Accounts receivable ............................................................         53,194        34,036
  Due from related party .........................................................              -           114
  Fuel inventories ...............................................................          6,562         4,752
  Prepaid expenses and other current assets.......................................            510         3,052
    Total current assets .........................................................        105,908       103,157

Non-current assets:
  Cogeneration facilities and carbon dioxide facility (net of accumulated
    depreciation of $15,548 and $153,963, respectively) ..........................        496,538       349,365
  Power purchase contracts (net of accumulated amortization of $35,970) ..........        852,786             -
  Unamortized financing costs ....................................................              -        15,674
  Other assets ...................................................................            119         4,193
  Restricted cash ................................................................              -        69,156
    Total non-current assets .....................................................      1,349,443       438,388

TOTAL ASSETS .....................................................................     $1,455,351     $ 541,545


LIABILITIES AND PARTNERS' EQUITY (DEFICIT)
Current liabilities:
  Current portion of notes payable - the Funding Corp. ...........................     $   22,537     $  21,563
  Accounts payable ...............................................................         15,300        15,450
  Accrued interest payable .......................................................         11,382             -
  Due to related parties .........................................................          3,172            71
  Other accrued expenses .........................................................          8,015         2,358
    Total current liabilities ....................................................         60,406        39,442

Non-current liabilities:
  Deferred credit - O&M and fuel contracts .......................................        334,036             -
  Notes payable - the Funding Corp. ..............................................        456,968       468,724
  Amounts due utilities for energy bank balances .................................        173,021       230,565
    Total non-current liabilities ................................................        964,025       699,289

Partners' equity (deficit):
  General partner ................................................................          4,309        (4,714)
  Limited partners ...............................................................        426,611      (192,472)
    Total partners' equity (deficit) .............................................        430,920      (197,186)

COMMITMENTS AND CONTINGENCIES

TOTAL LIABILITIES AND PARTNERS' EQUITY ...........................................     $1,455,351     $ 541,545



                                                                              Nine Months Ended September 30,       
                                                                                        Period from
                                                                         Period from    January 1,
                                                 Three Months Ended      January 14,      1998 to
                                                   September 30,           1998 to      January 13,
                                                             1997        September 30,      1998          1997
                                                  1998   (Prior Basis)       1998      (Prior Basis)  (Prior Basis)
                                                                                        
REVENUES ..................................     $83,916     $83,377        $225,113      $13,109       $237,805

COSTS AND EXPENSES:
  Fuel ....................................      32,335      37,500          89,489        5,774        114,982
  Operations and maintenance ..............       5,697       6,912          14,325          974         19,668
  Depreciation and amortization ...........      17,997       6,254          51,529          894         18,757
  General and administrative ..............       1,790       3,935           5,879          538         10,755
    Total costs and expenses ..............      57,819      54,601         161,222        8,180        164,162

OPERATING INCOME ..........................      26,097      28,776          63,891        4,929         73,643

OTHER EXPENSE (INCOME):
  Interest expense ........................      14,286      16,718          43,950        2,422         50,511
  Interest income .........................        (624)     (2,512)         (2,134)        (402)        (7,104)
    Total other expense - net .............      13,662      14,206          41,816        2,020         43,407

NET INCOME ................................    $ 12,435    $ 14,570        $ 22,075      $ 2,909       $ 30,236



                                                                              Nine Months Ended September 30,       
                                                                                        Period from
                                                                        Period from     January 1,
                                                                        January 14,       1998 to
                                                                          1998 to       January 13,
                                                                        September 30,      1998           1997
                                                                           1998        (Prior Basis)  (Prior Basis)
                                                                                              
NET CASH PROVIDED BY OPERATING ACTIVITIES ..........................    $  60,591       $  1,432       $ 70,393

CASH FLOWS FROM INVESTING ACTIVITIES:
  Capital expenditures .............................................            -              -           (436)
  Net cash used in investing activities ............................            -              -           (436)

CASH FLOWS FROM FINANCING ACTIVITIES:
  Principal payment on notes .......................................      (10,782)             -        (12,038)
  Release of restricted cash collateral ............................       69,156              -              -
  Distributions to partners ........................................     (135,958)             -        (32,636)
  Net cash used in financing activities ............................      (77,584)             -        (44,674)

Net increase (decrease) in cash and cash equivalents ...............      (16,993)         1,432         25,283
Cash and cash equivalents at beginning of period ...................       62,635         61,203         49,861
Cash and cash equivalents at end of period .........................    $  45,642       $ 62,635       $ 75,144

Supplemental disclosures of cash flow information:
  Cash paid for interest ...........................................    $  23,315       $      -       $ 25,052

Supplemental schedule of noncash investing and financing activities:
  See Note 1 and Note 2 - Basis of Presentation concerning new
  basis of accounting subsequent to January 13, 1998




                                                                                     Nine Months      Nine Months
                                                                                        Ended            Ended
                                                                                    September 30,    September 30,
                                                                                        1998             1997      
                                                                                                 
Revenues ......................................................................       $238,222         $237,805
Operating income ..............................................................       $ 68,169         $ 62,019
Net income ....................................................................       $ 24,146         $ 14,687



                                                                                                      September 30,
                                                                                                           1998     
                                                                                                     
ASSETS
Current assets:
  Interest receivable from NE LP ..................................................................     $  4,395

Due from NE LP ....................................................................................          152
Note receivable from NE LP ........................................................................      220,000

TOTAL ASSETS ......................................................................................     $224,547


LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Income taxes payable ............................................................................     $      3
  Accrued interest ................................................................................        4,395
    Total current liabilities .....................................................................        4,398

Deferred credit - interest rate hedge .............................................................          143
Securities payable ................................................................................      220,000

Stockholders' equity:
  Common stock, $.01 par value, 100 shares authorized, 20 shares issued ...........................            -
  Subscriptions receivable ........................................................................            -
  Retained earnings ...............................................................................            6

COMMITMENTS AND CONTINGENCIES

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY ........................................................     $224,547




                                                                                                         Period
                                                                                          Three            From
                                                                                          Months       January 12,
                                                                                          Ended          1998 to
                                                                                      September 30,   September 30,
                                                                                           1998            1998     
                                                                                                  
Interest income ....................................................................    $  4,395        $ 10,791
Interest expense ...................................................................      (4,391)        (10,782)
Income before income taxes .........................................................           4               9
Income tax expense .................................................................          (1)             (3)

NET INCOME .........................................................................    $      3        $      6



                                                                                                         Period
                                                                                                          From
                                                                                                       January 12,
                                                                                                         1998 to
                                                                                                     September 30,
                                                                                                          1998     
                                                                                                     
NET CASH PROVIDED BY OPERATING ACTIVITIES ..........................................................    $       -

CASH FLOWS FROM INVESTING ACTIVITIES:
  Loan to NE LP ....................................................................................     (215,202)
    Net cash used in investing activities ..........................................................     (215,202)

CASH FLOWS FROM FINANCING ACTIVITIES:
  Issuance of debt securities ......................................................................      215,050
  Proceeds from interest rate hedge ................................................................          152
    Net cash provided by financing activities ......................................................      215,202

Net increase in cash ...............................................................................            -
Cash at beginning of period ........................................................................            -
Cash at end of period ..............................................................................    $       -

Supplemental disclosure of cash flow information:
  Cash paid for interest ...........................................................................    $   6,396



                                                                                   September 30,   December 31,
                                                                                       1998             1997     
                                                                                             
ASSETS
Current assets:
  Cash and cash equivalents ....................................................    $  48,295                 -
  Accounts receivable ..........................................................       53,194                 -
  Fuel inventories .............................................................        6,562                 -
  Prepaid expenses and other current assets.....................................          510                 -
    Total current assets .......................................................      108,561                 -

Non-current assets:
  Deferred debt issuance costs - net ...........................................        6,290                 -
  Cogeneration facilities and carbon dioxide facility (net of accumulated
    depreciation of $15,548) ...................................................      496,538                 -
  Power purchase contracts (net of accumulated amortization of $35,970) ........      852,786                 -
  Other assets .................................................................          119                 -
    Total non-current assets ...................................................    1,355,733                 -

TOTAL ASSETS ...................................................................   $1,464,294                 -


LIABILITIES AND PARTNERS' EQUITY
Current liabilities:
  Current portion of notes payable - the Funding Corp. .........................   $   22,537                 -
  Accounts payable .............................................................       15,300                 -
  Accrued interest payable .....................................................       15,777
  Due to related parties .......................................................        3,277                 -
  Other accrued expenses .......................................................        8,015                 -
    Total current liabilities ..................................................       64,906                 -

Non-current liabilities:
  Deferred credit - O&M and fuel contracts .....................................      334,036                 -
  Notes payable - the Funding Corp. ............................................      456,968                 -
  Note payable - the Acquisition Corp. .........................................      220,000                 -
  Amounts due utilities for energy bank balances ...............................      173,021                 -
    Total non-current liabilities ..............................................    1,184,025                 -

Partners' equity:
  General partners .............................................................        4,307                 -
  Limited partners .............................................................      211,056                 -
    Total partners' equity .....................................................      215,363                 -

COMMITMENTS AND CONTINGENCIES

TOTAL LIABILITIES AND PARTNERS' EQUITY .........................................   $1,464,294                 -



                                                                                         Three            Nine
                                                                                         Months          Months
                                                                                         Ended           Ended
                                                                                      September 30,  September 30,
                                                                                           1998           1998     
                                                                                                  
REVENUES .........................................................................      $ 83,916        $225,113

COSTS AND EXPENSES:
  Fuel ...........................................................................        32,335          89,489
  Operations and maintenance .....................................................         5,697          14,325
  Depreciation and amortization ..................................................        17,997          51,529
  General and administrative .....................................................         1,790           6,151
    Total costs and expenses .....................................................        57,819         161,494

OPERATING INCOME .................................................................        26,097          63,619

OTHER EXPENSE (INCOME):
  Amortization of debt issue costs ...............................................           148             373
  Interest expense ...............................................................        18,681          54,741
  Interest income ................................................................          (687)         (2,196)
    Total other expense - net ....................................................        18,142          52,918

NET INCOME........................................................................      $  7,955       $  10,701



                                                                                                          Nine
                                                                                                         Months
                                                                                                         Ended
                                                                                                     September 30,
                                                                                                          1998     
                                                                                                    
NET CASH PROVIDED BY OPERATING ACTIVITIES ........................................................     $  52,220

CASH FLOWS FROM INVESTING ACTIVITIES:
  Acquisition purchase price, net of $62,635 cash acquired .......................................      (482,167)
    Net cash used in investing activities ........................................................      (482,167)

CASH FLOWS FROM FINANCING ACTIVITIES:
  Capital contributions from partners ............................................................       535,412
  Principal payment on the Funding Corp. notes ...................................................       (10,782)
  Release of restricted cash collateral ..........................................................        69,156
  Proceeds from loan by the Acquisition Corp......................................................       215,202
  Distributions to partners ......................................................................      (330,746)
    Net cash provided by financing activities ....................................................       478,242

Net increase in cash and cash equivalents ........................................................        48,295
Cash and cash equivalents at beginning of period .................................................             -
Cash and cash equivalents at end of period .......................................................     $  48,295

Supplemental disclosure of cash flow information:
  Cash paid for interest .........................................................................     $  29,711




(a)   Exhibits

      Exhibit
      Number                                       Description
             
       27.1     Financial Data Schedule - ESI Tractebel Funding Corp.
       27.2     Financial Data Schedule for the period January 1, 1998 to January 13, 1998 -
                  Northeast Energy Associates, A Limited Partnership
       27.3     Financial Data Schedule for the period January 1, 1998 to January 13, 1998 -
                  North Jersey Energy Associates, A Limited Partnership
       27.4     Financial Data Schedule for the period January 14, 1998 to September 30, 1998 -
                  Northeast Energy Associates, A Limited Partnership
       27.5     Financial Data Schedule for the period January 14, 1998 to September 30, 1998 -
                  North Jersey Energy Associates, A Limited Partnership
       27.6     Financial Data Schedule - ESI Tractebel Acquisition Corp.
       27.7     Financial Data Schedule - Northeast Energy, LP

EX-27.1

 



<ARTICLE>                      5
<LEGEND>
This schedule contains summary financial information extracted from ESI 
Tractebel Funding Corp.'s balance sheet as of September 30, 1998 and 
statement of operations for the nine months ended September 30, 1998 and is 
qualified in its entirety by reference to such financial statements.

<CIK>                          0000934665
<NAME>                         ESI Tractebel Funding Corp.
<MULTIPLIER>                   1,000
<CURRENCY>                     U.S. DOLLARS
<PERIOD-START>                 JAN-1-1998
<PERIOD-TYPE>                  9-MOS
<FISCAL-YEAR-END>              DEC-31-1997
<PERIOD-END>                   SEP-30-1998
<EXCHANGE-RATE>                1
<CASH>                               $1
<SECURITIES>                         $0
<RECEIVABLES>                   $33,755
<ALLOWANCES>                         $0
<INVENTORY>                          $0
<CURRENT-ASSETS>                $33,756
<PP&E>                               $0
<DEPRECIATION>                       $0
<TOTAL-ASSETS>                 $490,724
<CURRENT-LIABILITIES>           $33,755
<BONDS>                        $456,968
<PREFERRED-MANDATORY>                $0
<PREFERRED>                          $0
<COMMON>                             $1
<OTHER-SE>                           $0
<TOTAL-LIABILITY-AND-EQUITY>   $490,724
<SALES>                         $34,109
<TOTAL-REVENUES>                $34,109
<CGS>                                $0
<TOTAL-COSTS>                        $0
<OTHER-EXPENSES>                     $0
<LOSS-PROVISION>                     $0
<INTEREST-EXPENSE>              $34,109
<INCOME-PRETAX>                      $0
<INCOME-TAX>                         $0
<INCOME-CONTINUING>                  $0
<DISCONTINUED>                       $0
<EXTRAORDINARY>                      $0
<CHANGES>                            $0
<NET-INCOME>                         $0
<EPS-PRIMARY>                        $0
<EPS-DILUTED>                        $0





 

EX-27.2

 



<ARTICLE>                      5
<LEGEND>
This schedule contains summary financial information extracted from the 
combined statements of operations for the period January 1, 1998 to January 13,
1998 of Northeast Energy Associates, A Limited Partnership and North Jersey 
Energy Associates, A Limited Partnership and is qualified in its entirety by 
reference to such financial statements.

<CIK>                          0000934667
<NAME>                         Northeast Energy Associates,
                               A Limited Partnership
<MULTIPLIER>                   1,000
<CURRENCY>                     U.S. DOLLARS
<PERIOD-START>                 JAN-01-1998
<PERIOD-TYPE>                  OTHER
<FISCAL-YEAR-END>              DEC-31-1997
<PERIOD-END>                   JAN-13-1998
<EXCHANGE-RATE>                1
<CASH>                              $0
<SECURITIES>                        $0
<RECEIVABLES>                       $0
<ALLOWANCES>                        $0
<INVENTORY>                         $0
<CURRENT-ASSETS>                    $0
<PP&E>                              $0
<DEPRECIATION>                      $0
<TOTAL-ASSETS>                      $0
<CURRENT-LIABILITIES>               $0
<BONDS>                             $0
<PREFERRED-MANDATORY>               $0
<PREFERRED>                         $0
<COMMON>                            $0
<OTHER-SE>                          $0
<TOTAL-LIABILITY-AND-EQUITY>        $0
<SALES>                        $13,109
<TOTAL-REVENUES>               $13,109
<CGS>                               $0
<TOTAL-COSTS>                   $7,642
<OTHER-EXPENSES>                  $538
<LOSS-PROVISION>                    $0
<INTEREST-EXPENSE>              $2,422
<INCOME-PRETAX>                 $2,909
<INCOME-TAX>                        $0
<INCOME-CONTINUING>             $2,909
<DISCONTINUED>                      $0
<EXTRAORDINARY>                     $0
<CHANGES>                           $0
<NET-INCOME>                    $2,909
<EPS-PRIMARY>                       $0
<EPS-DILUTED>                       $0




 

EX-27.3

 




<ARTICLE>                      5
<LEGEND>
This schedule contains summary financial information extracted from the 
combined statements of operations for the period January 1, 1998 to 
January 13, 1998 of Northeast Energy Associates, A Limited Partnership and 
North Jersey Energy Associates, A Limited Partnership and is qualified in its 
entirety by reference to such financial statements.

<CIK>                          0000934666
<NAME>                         North Jersey Energy Associates
                               A Limited Partnership
<MULTIPLIER>                   1,000
<CURRENCY>                     U.S. DOLLARS
<PERIOD-START>                 JAN-01-1998
<PERIOD-TYPE>                  OTHER
<FISCAL-YEAR-END>              DEC-31-1997
<PERIOD-END>                   JAN-13-1998
<EXCHANGE-RATE>                1
<CASH>                              $0
<SECURITIES>                        $0
<RECEIVABLES>                       $0
<ALLOWANCES>                        $0
<INVENTORY>                         $0
<CURRENT-ASSETS>                    $0
<PP&E>                              $0
<DEPRECIATION>                      $0
<TOTAL-ASSETS>                      $0
<CURRENT-LIABILITIES>               $0
<BONDS>                             $0
<PREFERRED-MANDATORY>               $0
<PREFERRED>                         $0
<COMMON>                            $0
<OTHER-SE>                          $0
<TOTAL-LIABILITY-AND-EQUITY>        $0
<SALES>                        $13,109
<TOTAL-REVENUES>               $13,109
<CGS>                               $0
<TOTAL-COSTS>                   $7,642
<OTHER-EXPENSES>                  $538
<LOSS-PROVISION>                    $0
<INTEREST-EXPENSE>              $2,422
<INCOME-PRETAX>                 $2,909
<INCOME-TAX>                        $0
<INCOME-CONTINUING>             $2,909
<DISCONTINUED>                      $0
<EXTRAORDINARY>                     $0
<CHANGES>                           $0
<NET-INCOME>                    $2,909
<EPS-PRIMARY>                       $0
<EPS-DILUTED>                       $0




 

EX-27.4

 



<ARTICLE>                      5
<LEGEND>
This schedule contains summary financial information extracted from the 
combined balance sheet as of September 30, 1998 and the combined statements 
of operations for the period January 14, 1998 to September 30, 1998 of 
Northeast Energy Associates, A Limited Partnership and North Jersey Energy 
Associates, A Limited Partnership and is qualified in its entirety by reference
to such financial statements.

<CIK>                          0000934667
<NAME>                         Northeast Energy Associates,
                               A Limited Partnership
<MULTIPLIER>                   1,000
<CURRENCY>                     U.S. DOLLARS
<PERIOD-START>                 JAN-14-1998
<PERIOD-TYPE>                  OTHER
<FISCAL-YEAR-END>              DEC-31-1997
<PERIOD-END>                   SEP-30-1998
<EXCHANGE-RATE>                1
<CASH>                           $45,642
<SECURITIES>                          $0
<RECEIVABLES>                    $53,194
<ALLOWANCES>                          $0
<INVENTORY>                       $6,562
<CURRENT-ASSETS>                $105,908
<PP&E>                          $512,086
<DEPRECIATION>                   $15,548
<TOTAL-ASSETS>                $1,455,351
<CURRENT-LIABILITIES>            $60,406
<BONDS>                         $456,968
<PREFERRED-MANDATORY>                 $0
<PREFERRED>                           $0
<COMMON>                              $0
<OTHER-SE>                      $430,920
<TOTAL-LIABILITY-AND-EQUITY>  $1,455,351
<SALES>                         $225,113
<TOTAL-REVENUES>                $225,113
<CGS>                                 $0
<TOTAL-COSTS>                   $155,343
<OTHER-EXPENSES>                  $5,879
<LOSS-PROVISION>                      $0
<INTEREST-EXPENSE>               $43,950
<INCOME-PRETAX>                  $22,075
<INCOME-TAX>                          $0
<INCOME-CONTINUING>              $22,075
<DISCONTINUED>                        $0
<EXTRAORDINARY>                       $0
<CHANGES>                             $0
<NET-INCOME>                     $22,075
<EPS-PRIMARY>                         $0
<EPS-DILUTED>                         $0




 

EX-27.5

 



<ARTICLE>                      5
<LEGEND>
This schedule contains summary financial information extracted from the 
combined balance sheet as of September 30, 1998 and the combined statements 
of operations for the period January 14, 1998 to September 30, 1998 of 
Northeast Energy Associates, A Limited Partnership and North Jersey Energy 
Associates, A Limited Partnership and is qualified in its entirety by reference
to such financial statements.

<CIK>                          0000934666
<NAME>                         North Jersey Energy Associates,
                               A Limited Partnership
<MULTIPLIER>                   1,000
<CURRENCY>                     U.S. DOLLARS
<PERIOD-START>                 JAN-14-1998
<PERIOD-TYPE>                  OTHER
<FISCAL-YEAR-END>              DEC-31-1997
<PERIOD-END>                   SEP-30-1998
<EXCHANGE-RATE>                1
<CASH>                           $45,642
<SECURITIES>                          $0
<RECEIVABLES>                    $53,194
<ALLOWANCES>                          $0
<INVENTORY>                       $6,562
<CURRENT-ASSETS>                $105,908
<PP&E>                          $512,086
<DEPRECIATION>                   $15,548
<TOTAL-ASSETS>                $1,455,351
<CURRENT-LIABILITIES>            $60,406
<BONDS>                         $456,968
<PREFERRED-MANDATORY>                 $0
<PREFERRED>                           $0
<COMMON>                              $0
<OTHER-SE>                      $430,920
<TOTAL-LIABILITY-AND-EQUITY>  $1,455,351
<SALES>                         $225,113
<TOTAL-REVENUES>                $225,113
<CGS>                                 $0
<TOTAL-COSTS>                   $155,343
<OTHER-EXPENSES>                  $5,879
<LOSS-PROVISION>                      $0
<INTEREST-EXPENSE>               $43,950
<INCOME-PRETAX>                  $22,075
<INCOME-TAX>                          $0
<INCOME-CONTINUING>              $22,075
<DISCONTINUED>                        $0
<EXTRAORDINARY>                       $0
<CHANGES>                             $0
<NET-INCOME>                     $22,075
<EPS-PRIMARY>                         $0
<EPS-DILUTED>                         $0





 

EX-27.6

 



<ARTICLE>                      5
<LEGEND>
This schedule contains summary financial information extracted from ESI 
Tractebel Acquisition Corp.'s balance sheet as of September 30, 1998 and statement
of operations for the period January 12, 1998 to September 30, 1998 and is 
qualified in its entirety by reference to such financial statements.

<CIK>                          0001059027
<NAME>                         ESI Tractebel Acquisition Corp.
<MULTIPLIER>                   1,000
<CURRENCY>                     U.S. DOLLARS
<PERIOD-START>                 JAN-12-1998
<PERIOD-TYPE>                  OTHER
<FISCAL-YEAR-END>              JAN-12-1998
<PERIOD-END>                   SEP-30-1998
<EXCHANGE-RATE>                1
<CASH>                                  $0
<SECURITIES>                            $0
<RECEIVABLES>                       $4,395
<ALLOWANCES>                            $0
<INVENTORY>                             $0
<CURRENT-ASSETS>                    $4,395
<PP&E>                                  $0
<DEPRECIATION>                          $0
<TOTAL-ASSETS>                    $224,547
<CURRENT-LIABILITIES>               $4,398
<BONDS>                           $220,000
<PREFERRED-MANDATORY>                   $0
<PREFERRED>                             $0
<COMMON>                                $6
<OTHER-SE>                              $0
<TOTAL-LIABILITY-AND-EQUITY>      $224,547
<SALES>                            $10,791
<TOTAL-REVENUES>                   $10,791
<CGS>                                   $0
<TOTAL-COSTS>                           $0
<OTHER-EXPENSES>                        $0
<LOSS-PROVISION>                        $0
<INTEREST-EXPENSE>                 $10,782
<INCOME-PRETAX>                         $9
<INCOME-TAX>                            $3
<INCOME-CONTINUING>                     $6
<DISCONTINUED>                          $0
<EXTRAORDINARY>                         $0
<CHANGES>                               $0
<NET-INCOME>                            $6
<EPS-PRIMARY>                           $0
<EPS-DILUTED>                           $0




 

EX-27.7

 



<ARTICLE>                      5
<LEGEND>
This schedule contains summary financial information extracted from the 
consolidated balance sheet as of September 30, 1998 and the consolidated statement 
of operations for the nine months ended September 30, 1998 of Northeast Energy, LP
and is qualified in its entirety by reference to such financial statements.

<CIK>                          0001059025
<NAME>                         Northeast Energy, LP
<MULTIPLIER>                   1,000
<CURRENCY>                     U.S. DOLLARS
<PERIOD-START>                 JAN-01-1998
<PERIOD-TYPE>                  9-MOS
<FISCAL-YEAR-END>              DEC-31-1997
<PERIOD-END>                   SEP-30-1998
<EXCHANGE-RATE>                1
<CASH>                             $48,295
<SECURITIES>                            $0
<RECEIVABLES>                      $53,194
<ALLOWANCES>                            $0
<INVENTORY>                         $6,562
<CURRENT-ASSETS>                  $108,561
<PP&E>                            $512,086
<DEPRECIATION>                     $15,548
<TOTAL-ASSETS>                  $1,464,294
<CURRENT-LIABILITIES>              $64,906
<BONDS>                           $676,968
<PREFERRED-MANDATORY>                   $0
<PREFERRED>                             $0
<COMMON>                                $0
<OTHER-SE>                        $215,363
<TOTAL-LIABILITY-AND-EQUITY>    $1,464,294
<SALES>                           $225,113
<TOTAL-REVENUES>                  $225,113
<CGS>                                   $0
<TOTAL-COSTS>                      $155,343
<OTHER-EXPENSES>                    $6,151
<LOSS-PROVISION>                        $0
<INTEREST-EXPENSE>                 $54,741
<INCOME-PRETAX>                    $10,701
<INCOME-TAX>                            $0
<INCOME-CONTINUING>                $10,701
<DISCONTINUED>                          $0
<EXTRAORDINARY>                         $0
<CHANGES>                               $0
<NET-INCOME>                       $10,701
<EPS-PRIMARY>                           $0
<EPS-DILUTED>                           $0