-----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, ISCawv5Z/8slG1v/0Yhw2HBJ2QUVrZwWy0cnxAjH9N7vl2fhg8tk3FgIJeekY7vn BintlUZ7fclicH54sYn/yw== 0000893220-96-001488.txt : 19960903 0000893220-96-001488.hdr.sgml : 19960903 ACCESSION NUMBER: 0000893220-96-001488 CONFORMED SUBMISSION TYPE: 35-CERT/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960830 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA GAS SYSTEM INC CENTRAL INDEX KEY: 0000022099 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] IRS NUMBER: 131594808 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT/A SEC ACT: 1935 Act SEC FILE NUMBER: 070-08235 FILM NUMBER: 96623791 BUSINESS ADDRESS: STREET 1: 20 MONTCHANIN RD CITY: WILMINGTON STATE: DE ZIP: 19807 BUSINESS PHONE: 3024295000 35-CERT/A 1 INTERIM REPORT UNDER RULE 24 1 August 29, 1996 Securities and Exchange Commission Judiciary Plaza 450 Fifth Street, N.W. Washington, DC 20549 Interim Report Under Rule 24 of the Public Utility Holding Company Act of 1935 The Columbia Gas System, Inc. ("CG") TriStar Ventures Corporation ("TVC") File No. 70-8235 Gentlemen: In accordance with the terms and conditions of Rule 24 under the Public Utility Holding Company Act of 1935, and the Orders of the Commission dated December 29, 1994 (the "Orders") authorizing transactions as more fully described in the Application-Declaration as amended (the "Application"), the undersigned hereby certifies that during the period from January 1, 1996 through June 30, 1996, in accordance with the undertaking contained in the Application, TriStar Ventures Corporation(TVC) hereby delivers the following information required semiannually: 1. A balance sheet as of 6/30/96. 2. An income statement for the six months ended 6/30/96. 3. A Statement of Cash Flow for the six months ended 6/30/96. 4. A narrative description of preliminary development and administrative activities and the size, nature and purpose of any new, direct or indirect, investment activity. 5. A Schedule of Common Stock issued and dividends paid for the six months ended 6/30/96. 6. A Schedule of Short Term Advances and Capital Contributions for the six months ended 6/30/96. 7. A Schedule of Canceled Debt by TVC for the TVC Subsidiaries for the six months ended 6/30/96 Very truly yours, THE COLUMBIA GAS SYSTEM, INC. By: /s/ L. J. Bainter -------------------- L. J. Bainter Treasurer TRISTAR VENTURES CORPORATION By: /s/ D.P. Detar --------------------------- D. P. Detar Treasurer 2 Item B-1 TRISTAR VENTURES CORPORATION CONSOLIDATED BALANCE SHEET AS OF JUNE 30, 1996 ($000) ASSETS AND OTHER DEBITS INVESTMENT Other Investments $ 28,248 ---------- TOTAL INVESTMENTS 28,248 ---------- CURRENT AND ACCRUED ASSETS Cash 0 Cash - Temporary Investments 4,646 Accounts Receivable 1,286 Accounts Receivable from Associate Companies 13,555 Prepayments 29 ---------- TOTAL CURRENT AND ACCRUED ASSETS 19,516 ---------- OTHER ASSETS Other Assets - Deferred Debits 588 Deposits 664 Accumulated Deferred Income Taxes 0 ---------- TOTAL OTHER ASSETS 1,252 ---------- TOTAL ASSETS AND OTHER DEBITS $ 49,016 ========== LIABILITIES AND EQUITY EQUITY Common Stock Issued $ 15,293 Miscellaneous Paid-in Capital 42,802 Unappropriated Retained Earnings (17,197) ---------- TOTAL EQUITY 40,898 ---------- CURRENT AND ACCRUED LIABILITIES Accounts Payable 385 Accounts Payable to Associate Companies 0 Taxes Accrued 801 Interest Accrued 306 Miscellaneous Current and Accrued Liabilities 1,729 ---------- TOTAL CURRENT AND ACCRUED LIABILITIES 3,221 ---------- DEFERRED CREDITS - OTHER 119 ACCUMULATED DEFERRED INCOME TAXES 4,778 ---------- TOTAL LIABILITIES AND EQUITY $ 49,016 ==========
3 Item B-2 TRISTAR VENTURES CORPORATION CONSOLIDATED INCOME STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 1996 ($000) INCOME Income from Investments $ 3,428 Interest Income 382 Services Rendered to Nonassociate Companies 951 ---------- TOTAL INCOME 4,761 ---------- EXPENSES Salaries and Wages 738 Office Supplies and Expenses 100 Relocation & Severance 1,453 Outside Services Employed 326 Injuries and Damages Insurance 10 Employee Pensions and Benefits 154 Rents 175 Depreciation and Amortization Expense 20 Taxes Other Than Income Taxes 73 Income Taxes 173 Provision for Deferred Income Taxes 494 Other Deductions 0 ---------- TOTAL EXPENSES 3,716 ---------- NET INCOME $ 1,045 ==========
4 Item B-3 TRISTAR VENTURES CORPORATIONS CONSOLIDATING STATEMENT OF CASH FLOW FOR THE SIX MONTHS ENDED JUNE 30, 1996 ($000) NET CASH USED FOR OPERATIONS (see below) $ (1,441) INVESTMENTS ACTIVITIES Deposits - Other (664) Distributions from Partnerships 11,265 ---------- NET INVESTMENT ACTIVITIES 10,601 FINANCING ACTIVITIES 0 INCREASE(DECREASE) IN CASH AND TEMPORARY CASH INVESTMENTS 9,160 ---------- CASH AND TEMPORARY CASH INVESTMENTS AT BEGINNING OF YEAR 8,994 CASH AND TEMPORARY CASH INVESTMENTS AT 06/30/96 $ 18,154 ========== CASH PROVIDED BY/USED FOR OPERATION: Net Income $ 1,045 Items not Requiring Cash: Amortization 20 Deferred Income Taxes 494 Other - Net (1,925) Net Change in Working Capital (1,075) ---------- NET CASH USED FOR OPERATIONS $ (1,441) ==========
5 Item B-4 TRISTAR VENTURES CORPORATION DEVELOPMENT AND ADMINISTRATIVE ACTIVITIES AND INVESTMENT ACTIVITY FOR THE SIX MONTHS ENDED JUNE 30, 1996 (A) PRELIMINARY DEVELOPMENT: Preliminary development activities include the initial research conducted by internal personnel with the assistance of external consultants. This activity is being incurred to analyze the feasibility of various investment opportunities. One project has progressed from the initial research stage and is described below under (C). (B) ADMINISTRATIVE ACTIVITIES: Administrative activities include the ongoing personnel, accounting, engineering, legal, financial, and other support activities necessary for TVC to manage its operations and investments. (C) THE SIZE, NATURE AND PURPOSE OF ANY NEW, DIRECT OR INDIRECT INVESTMENT ACTIVITY: A potential cogeneration project has moved to the Due Diligence stage. It is a 28.5 MW plant which will sell capacity and energy to Consolidated Edison Company of New York and thermal energy to the New York City Housing Authority. TriStar Ventures Corporation will be a 50% owner in the project. Through 6/30/96, TriStar has deposited $664,000 of good faith money which is refundable if the project does not proceed. 6 Item B-5 TRISTAR VENTURES CORPORATION COMMON STOCK AND DIVIDENDS FOR THE SIX MONTHS ENDED JUNE 30, 1996 (A) ISSUANCE AND SALE OF COMMON STOCK BY THE TVC SUBSIDIARIES TO TVC TVC Subsidiary Date Amount -------------- ---- ------ None (B) THE PAYMENT OF ANY DIVIDENDS TO TVC BY THE TVC SUBSIDIARIES OUT CAPITAL SURPLUS TVC Subsidiary Date Amount -------------- ---- ------ None 7 Item B-6 TRISTAR VENTURES CORPORATION SHORT TERM ADVANCES AND CAPITAL CONTRIBUTIONS FOR THE SIX MONTHS ENDED JUNE 30, 1996 ($000) SHORT TERM ADVANCES
SHORT TERM ADVANCES 1/31/96 2/28/96 3/31/96 4/30/96 5/31/96 6/30/96 ---------- ---------- ---------- ---------- ---------- ---------- Pedrick General 6 0 0 0 0 0 Pedrick Limited 15 0 0 0 0 0 Rumford 0 0 0 0 0 0 Binghamton General 0 0 0 0 0 0 Binghamton Limited 0 0 0 0 0 0 Vineland General 0 0 0 0 0 0 Vineland Limited 0 0 0 0 0 0 ---------- ---------- ---------- ---------- ---------- ---------- TOTAL SHORT TERM ADVANCES 21 0 0 0 0 0 ========== ========== ========== ========== ========== ==========
CAPITAL CONTRIBUTIONS None 8 Item B-7 TRISTAR VENTURES CORPORATION CANCELED DEBT FOR THE SIX MONTHS ENDED JUNE 30, 1996 ($000)
AMOUNT AMOUNT AUTHORIZED TVC SUBSIDIARIES DATE CANCELED IN APPLICATION ---------------- ---- -------------- -------------- $ $ None -------------- -------------- $ 0 $ 0 ============== ==============
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