-----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, Obc0CqAhyFZBsgfcpDLyaPPjLfs7i1UJD6DF3brNJzMYfAB4yutKf+jLsICXXyli z8yOMqGlaDJsYL4LMZZLTg== 0000852435-99-000006.txt : 19990816 0000852435-99-000006.hdr.sgml : 19990816 ACCESSION NUMBER: 0000852435-99-000006 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19990813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EASTERN UTILITIES ASSOCIATES CENTRAL INDEX KEY: 0000031224 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 041271872 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: SEC FILE NUMBER: 070-07287 FILM NUMBER: 99686957 BUSINESS ADDRESS: STREET 1: ONE LIBERTY SQ STREET 2: P O BOX 2333 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6173579590 35-CERT 1 RULE 24 OF EUA COGENEX CONS. FOR 3 MOS ENDED 3/31/99 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. In the matter of ) ) EASTERN UTILITIES ASSOCIATES ) Boston, Massachusetts ) ) EUA COGENEX CORPORATION ) Certificate of Lowell, Massachusetts ) Notification ) Pursuant to ) Rule 24 (70-7287) ) ) (Public Utility Holding Company Act of 1935) ) Enclosed herewith for filing by Eastern Utilities Associates and its wholly-owned subsidiary, EUA Cogenex Corporation, in accordance with the Order of the Securities and Exchange Commission entered in the above matter on February 15, 1995 (Release No. 35-26232) and pursuant to Rule 24 under the Public Utility Holding Company Act of 1935, are the consolidated and consolidating balance sheet, income statement, and statement of cash flows of EUA Cogenex for the quarter ended March 31, 1999 and such other information required to be filed by said order. EASTERN UTILITIES ASSOCIATES By: /s/ Clifford J. Hebert, Jr. Clifford J. Hebert, Jr. Treasurer EUA COGENEX CORPORATION By: /s/ Edward T. Liston Edward T. Liston President August 13, 1999 EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS March 31, 1999
ASSETS EUA EUA EUA EUA Day Matrix Cogenex Cogenex Day (fka Day I & II) Consolidated Elimination (Division) (Division) (Division) Utility Plant and Other Investments: Utility plant in service $ $ $ $ Less accumulated provision for depreciation and amortization Net utility plant in service Construction work in progress Net utility plant Non-utility property 102,616,631 51,896,224 3,152,587 1,150,027 Less accumulated provision for depreciation 52,102,305 29,202,962 1,001,906 731,421 Net non-utility property 50,514,326 22,693,262 2,150,681 418,606 Investments in subsidiaries (at equity) 516,949 40,542,056 41,059,005 Excess of carrying values of investments in subsidiaries Notes receivable 26,268,364 23,297,790 Leases receivable 14,329,975 9,610,565 Other 11,348,504 5,945,984 Total Utility Plant and Other Investments 102,978,118 40,542,056 102,606,606 2,150,681 418,606 Current Assets: Cash and temporary cash investments 4,934,599 407,593 1,547,524 Notes receivable 12,535,292 13,550,986 24,790,544 2,650,148 Leases receivable 1,972,687 1,188,198 Accounts receivable - Net: Customers 13,164,750 6,567,547 1,673,406 Accrued unbilled revenue Others 11,336,646 8,726,766 4,395 (292) Accounts receivable - associated companies 1,064,876 10,028,825 8,938,893 549,535 Materials and supplies (at average cost): Plant materials and operating supplies 834,016 15,354 193,974 497,311 Other current assets 2,109,574 1,878,227 3,873,129 63,623 Total Current Assets 47,952,440 25,458,038 54,508,024 6,682,605 497,019 Deferred Debits: Unamortized debt expense 236,919 236,919 Unrecovered regulatory plant costs Other deferred debits 3,499,637 2,145,590 18,724 Total Deferred Debits 3,736,556 2,382,509 18,724 Total Assets $154,667,114 $66,000,094 $159,497,139 $8,852,010 $915,625
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS March 31, 1999
ASSETS (continued) EUA EUA EUA EUA COGENEX EUA NEM Cogenex Citizens WEST MUPA Inc. Canada Corporation Corporation (Partnership) Utility Plant and Other Investments: Utility plant in service $ $ $ $ $ Less accumulated provision for depreciation and amortization Net utility plant in service Construction work in progress Net utility plant Non-utility property 8,493,365 11,469 4,476,330 1,609,157 Less accumulated provision for depreciation 4,131,294 615 1,149,829 717,518 Net non-utility property 4,362,071 10,854 3,326,501 891,639 Investments in subsidiaries (at equity) Excess of carrying values of investments in subsidiaries Notes receivable (34,319) 2,845,721 Leases receivable 1,940,266 Other 20,420 131,082 4,761,778 Total Utility Plant and Other Investments 4,362,071 (3,045) 3,457,583 10,439,404 Current Assets: Cash and temporary cash investments 799,989 244,324 (56,053) 347,560 Notes receivable 32,834 (1,502,405) Leases receivable 144,770 Accounts receivable - Net: Customers 889,319 301,740 1,446,627 392,476 Accrued unbilled revenue Others (265,563) 35,777 658,311 549,754 Accounts receivable - associated companies 68,180 127,027 Materials and supplies (at average cost): Plant materials and operating supplies 127,377 Other current assets 428 9,756 40,865 Total Current Assets 1,423,745 615,103 2,126,821 227,424 Deferred Debits: Unamortized debt expense Unrecovered regulatory plant costs Other deferred debits 1,035,684 17,559 245,278 32,343 3,978 Total Deferred Debits 1,035,684 17,559 245,278 32,343 3,978 Total Assets $6,821,500 $629,617 $5,829,682 $10,699,171 $3,978
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS March 31, 1999
ASSETS (continued) EUA EUA EUA EUA WestCoast FRC II EC&S I EC&S II (Partnership) (Partnership) (Partnership) (Partnership) Utility Plant and Other Investments: Utility plant in service $ $ $ $ Less accumulated provision for depreciation and amortization Net utility plant in service Construction work in progress Net utility plant Non-utility property 2,038,920 77,490 11,573,265 18,137,797 Less accumulated provision for depreciation 1,980,650 77,490 3,378,836 9,729,784 Net non-utility property 58,270 8,194,429 8,408,013 Investments in subsidiaries (at equity) Excess of carrying values of investments in subsidiaries Notes receivable 159,172 Leases receivable 1,073,669 1,705,475 Other 29,331 400,257 59,652 Total Utility Plant and Other Investments 87,601 9,827,527 10,173,140 Current Assets: Cash and temporary cash investments 177,943 52,909 276,433 1,136,377 Notes receivable 101,476 13,681 Leases receivable 131,199 508,520 Accounts receivable - Net: Customers 1,180,555 713,080 Accrued unbilled revenue Others 735,789 167,208 724,501 Accounts receivable - associated companies 285,607 1,124,459 Materials and supplies (at average cost): Plant materials and operating supplies Other current assets Total Current Assets 1,015,208 52,909 2,054,683 4,206,937 Deferred Debits: Unamortized debt expense Unrecovered regulatory plant costs Other deferred debits 481 Total Deferred Debits 481 Total Assets $1,102,809 $52,909 $11,882,691 $14,380,077
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS March 31, 1999
LIABILITIES EUA EUA EUA EUA Day Matrix Cogenex Cogenex Day (fka Day I & II) Consolidated Elimination Corporation (Division) (Division) Capitalization: Common equity $47,580,877 $15,431,372 $48,551,836 $1,869,819 ($2,752,077) Non-redeemable preferred stock of subsidiaries Redeemable preferred stock of subsidiaries - net 75 Preferred stock redemption cost Partnerships' capital 25,120,684 Long-term debt - net 76,600,000 76,600,000 Total Capitalization 124,180,952 40,552,056 125,151,836 1,869,819 (2,752,077) Current Liabilities: Preferred stock sinking fund requirements Long-term debt due within one year 6,700,000 6,700,000 Notes payable 16,426,368 13,550,986 16,480,000 1,672,073 3,326,683 Accounts payable 1,096,168 129,791 781,766 Accounts payable - associated companies 1,393,408 10,028,825 3,520,631 3,845,016 263,978 Customer deposits Taxes accrued 66,686 11,873 15,826 Interest accrued 324,073 1,878,227 324,073 501,225 77,041 Dividends declared Other current liabilities 5,587,923 4,425,588 18,750 Total Current Liabilities 31,594,626 25,458,038 31,591,956 6,834,656 3,667,702 Deferred Credits: Unamortized investment credit Other deferred credits 3,173,480 (10,000) 2,910,175 147,535 Total Deferred Credits 3,173,480 (10,000) 2,910,175 147,535 Accumulated deferred taxes (4,281,944) (156,828) Commitments and contingencies Total Liabilities and Capitalization $154,667,114 $66,000,094 $159,497,139 $8,852,010 $915,625 ( ) Denotes Contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS March 31, 1999
LIABILITIES (continued) EUA EUA EUA EUA COGENEX EUA NEM Cogenex Citizens WEST MUPA Inc. Canada Corporation Corporation (Partnership) Capitalization: Common equity $9,611,983 $710,517 $499,358 $4,520,813 Non-redeemable preferred stock of sub. Redeemable preferred stock of subsidiaries - net 75 Preferred stock redemption cost Partnerships' capital 3,949 Long-term debt - net Total Capitalization 9,611,983 710,517 499,433 4,520,813 3,949 Current Liabilities: Preferred stock sinking fund requirements Long-term debt due within one year Notes payable 150,000 (52,320) 3,723,659 4,677,259 Accounts payable 1,008 (95,986) 65,848 181,466 Accounts payable - associated companies 436,092 (162,178) 654,231 1,228,533 29 Customer deposits Taxes accrued 33,739 163 5,085 Interest accrued 495,135 804,826 Dividends declared Other current liabilities 130,392 192,628 178,205 Total Current Liabilities 587,100 (146,353) 5,131,664 7,075,374 29 Deferred Credits: Unamortized investment credit Other deferred credits (8) 65,453 48,976 134 Total Deferred Credits (8) 65,453 48,976 134 Accumulated deferred taxes (3,377,575) 149,609 (897,150) Commitments and contingencies Total Liabilities and Capitalization $6,821,500 $629,617 $5,829,682 $10,699,171 $3,978 ( ) Denotes Contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEETS March 31, 1999
LIABILITIES (continued) EUA EUA EUA EUA WestCoast FRC II EC&S I EC&S II (Partnership) (Partnership) (Partnership) (Partnership) Capitalization: Common equity Non-redeemable preferred stock of subsidiaries Redeemable preferred stock of subsidiaries - net Preferred stock redemption cost Partnerships' capital 1,028,958 52,909 11,381,394 12,653,474 Long-term debt - net Total Capitalization 1,028,958 52,909 11,381,394 12,653,474 Current Liabilities: Preferred stock sinking fund requirements Long-term debt due within one year Notes payable Accounts payable 284 31,991 Accounts payable - associated companies 49,911 279,772 1,306,218 Customer deposits Taxes accrued Interest accrued Dividends declared Other current liabilities 23,940 227,200 391,220 Total Current Liabilities 73,851 507,256 1,729,429 Deferred Credits: Unamortized investment credit Other deferred credits (5,959) (2,826) Total Deferred Credits (5,959) (2,826) Accumulated deferred taxes Commitments and contingencies Total Liabilities and Capitalization $1,102,809 $52,909 $11,882,691 $14,380,077 ( ) Denotes Contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING INCOME STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31,1999
EUA EUA EUA EUA Day Matrix Cogenex Cogenex Day (fka Day Consolidated Elimination Corporation (Division) (Division) Operating Revenues $9,520,751 $3,710,938 $1,576,679 $22,027 Operating Expenses: Operation 7,001,522 2,974,636 1,453,583 370,688 Maintenance 211,946 48,976 Depreciation and amortization 2,727,892 1,458,922 30,107 57,502 Taxes - Other than income 229,627 106,506 75,879 322 - Income (credit) (379,330) (557,838) - Deferred 52,383 (16,028) Total Operating Expenses 9,844,040 4,015,174 1,559,569 428,512 Operating Income (323,289) (304,236) 17,110 (406,485) Other Income and Deductions: Interest and dividend income 1,525,852 166,631 1,490,171 Equity in earnings of jointly- owned companies 401,888 401,888 Allowance for other funds used during construction Other (deductions) income - net (6,882) 43,020 Total Other Income 1,518,970 568,519 1,935,079 Income (Loss) Before Interest Charges 1,195,681 568,519 1,630,843 17,110 (406,485) Interest Charges: Interest on long-term debt 1,774,088 1,774,088 Amortization of debt expense and premium Other interest expense (principally short-term notes) 248,759 166,631 246,799 21,922 9,004 Allowance for borrowed funds used during construction - (credit) (46,823) (30,000) Total Interest Charges 1,976,024 166,631 1,990,887 21,922 9,004 Net Income (Loss) before preferred return (780,343) 401,888 (360,044) (4,812) (415,489) Preferred Return Requirement Net (Loss) Income ($780,343) $401,888 ($360,044) ($4,812) ($415,489)
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING INCOME STATEMENTS (continued) FOR THE THREE MONTHS ENDED MARCH 31,1999
EUA EUA EUA EUA COGENEX EUA NEM Cogenex Citizens WEST MUPA Inc. Canada Corporation Corporation (Partnership) Operating Revenues $902,936 $1,632,910 $810,807 Operating Expenses: Operation 21,940 28,245 1,334,923 766,987 Maintenance 4,698 (2,439) 9,696 Depreciation and amortization 141,723 2,173 144,141 141,698 (3,978) Taxes - Other than income 1,122 30,581 15,217 - Income (credit) 179,972 2,956 36,654 (41,074) - Deferred 76,946 (8,535) Total Operating Expenses 425,279 34,496 1,543,860 883,989 (3,978) Operating Income 477,657 (34,496) 89,050 (73,182) 3,978 Other Income and Deductions: Interest and dividend income 2,427 75,257 Equity in earnings of jointly- owned companies Allowance for other funds used during construction Other (deductions) income - net 35,682 (100) (52,685) Total Other Income 38,109 (100) 22,572 Income (Loss) Before Interest Charges 477,657 3,613 88,950 (50,610) 3,978 Interest Charges: Interest on long-term debt Amortization of debt expense and premium Other interest expense (principally short-term notes) 44,522 93,143 Allowance for borrowed funds used during construction - (credit) (9,323) (7,500) Total Interest Charges 35,199 85,643 Net Income (Loss) before preferred return 477,657 3,613 53,751 (136,253) 3,978 Preferred Return Requirement Net (Loss) Income $477,657 $3,613 $53,751 ($136,253) $3,978
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING INCOME STATEMENTS (continued) FOR THE THREE MONTHS ENDED MARCH 31,1999
EUA EUA EUA EUA WestCoast FRC II EC&S I EC&S II (Partnership) (Partnership) (Partnership) (Partnership) Operating Revenues $44,687 $375,686 $444,081 Operating Expenses: Operation 28,254 22,266 Maintenance 6,253 57,095 87,667 Depreciation and amortization 41,855 200,125 513,624 Taxes - Other than income - Income (credit) - Deferred Total Operating Expenses 48,108 285,474 623,557 Operating Income (3,421) 90,212 (179,476) Other Income and Deductions: Interest and dividend income 13,983 34,269 76,376 Equity in earnings of jointly- owned companies Allowance for other funds used during construction Other (deductions) income - net (306) (32,493) Total Other Income 13,983 33,963 43,883 Income (Loss) Before Interest Charges 10,562 124,175 (135,593) Interest Charges: Interest on long-term debt Amortization of debt expense and premium Other interest expense (principally short-term notes) Allowance for borrowed funds used during construction - (credit) Total Interest Charges Net Income (Loss) before preferred return 10,562 124,175 (135,593) Preferred Return Requirement Net (Loss) Income $10,562 $124,175 ($135,593)
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31,1999
EUA EUA EUA EUA Day Matrix Cogenex Cogenex Day (fka Day I & II) Consolidated Elimination Corporation (Division) (Division) CASH FLOW FROM OPERATING ACTIVITIES: Net Income (Loss) ($780,343) $401,888 ($360,044) ($4,812) ($415,489) Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: Depreciation and amortization 2,965,226 1,696,256 30,107 57,502 Deferred taxes 52,383 (16,028) Gains on sales of investments in energy savings projects paid for with notes and leases receiv. (53,908) (53,908) Costs of energy savings cash sales type projects 2,231,558 1,328,245 Pension liability 4,743 4,743 Amortization of deferred revenues Collections of prin port of project notes and leases receivable 2,655,201 675,899 Undistributed Equity earnings of subsidiaries 699,544 699,544 Other - net (809,238) 2,173,875 1,866,108 (442,727) Net Changes to Working Capital: Accounts receivable 772,617 (837,849) (1,200,902) 376,021 Materials and supplies (6,706) 3,900 (10,605) Accounts payable (148,650) 890,761 (371,690) 986,012 33,975 Accrued taxes 3,961 (3) 6,190 1,369 Accrued interest (863,724) 166,631 (863,724) 21,922 9,004 Other - net 162,707 (166,635) 64,786 (40,344) Net Cash Provided from (Used in) Operating Act. 6,185,827 3,328,213 3,475,475 931,448 (325,613) CASH FLOW FROM INVESTING ACTIVITIES: Expenditures for investments in energy savings projects (5,972,065) (4,797,624) (614,053) Collections on financing notes and leases receivable 2,420,486 2,420,486 Proceeds from sale of Assets Investments in subsidiaries Net Cash Provided from (Used in) Investing Act. (3,551,579) (2,377,138) (614,053) CASH FLOW FROM FINANCING ACTIVITIES: Redemption: Long-term debt (800,000) (800,000) Premium on reacquisition and financing expenses Dividends declared Capital contribution - EUA Partner's contribution(withdrawal) (1,154,340) Net increase (decrease) in short-term debt 317,929 (2,173,873) 320,000 (128,986) 325,613 Net Cash Provided from (Used in) Financing Activities (482,071) (3,328,213) (480,000) (128,986) 325,613 NET (DECREASE) INCREASE IN CASH 2,152,177 618,337 188,409 Cash and temporary cash investments at beginning of yr. 2,782,421 (210,746) 1,359,116 Cash and temporary cash investments at end of year $4,934,598 $407,591 $1,547,525 Cash paid during the year for: Interest (net of amounts capitalized) $2,814,563 $2,814,563 Income Taxes $68,881 $28,308 Conversion of investments in energy savings projects to notes and leases receivable ( ) Denotes contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENTS OF CASH FLOWS (continued) FOR THE THREE MONTHS ENDED MARCH 31,1999
EUA EUA EUA EUA EUA NEM Cogenex Citizens Cogenex West MUPA Inc Canada Corporation Corporation (Partnership) CASH FLOW FROM OPERATING ACTIVITIES: Net Income (Loss) $477,657 $3,613 $53,751 ($136,253) $3,978 Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: Depreciation and amortization 141,723 2,173 144,141 141,698 (3,978) Deferred taxes 76,946 (8,535) Gains on sales of investments in energy savings projects paid for with notes and leases receivable Costs of energy savings cash sales type projects 564,380 Pension liability Amortization of deferred revenues Collections of prin port of project notes & leases rec. 11,542 1,802,615 Undistributed Equity earnings of subsidiaries Other - net 1 (11,610) 7,108 28,616 11,574 Net Changes to Working Capital: Accounts receivable 74,542 (35,683) (180,758) 488,959 (15,552) Materials and supplies Accounts payable 11,002 11,991 (67,541) 91,756 3,978 Accrued taxes (437) (16) (3,148) Accrued interest 44,522 91,183 Other - net (48,494) (30,401) 51,359 23,749 Net Cash Provided from (Used in) Operating Act. 781,871 (66,905) (29,194) 3,112,630 23,749 CASH FLOW FROM INVESTING ACTIVITIES: Expenditures for investments in energy savings proj. (5,815) (59,349) (545,286) Collections on financing notes and leases receivable Proceeds from sale of Assets Investments in subsidiaries Net Cash Provided from (Used in) Investing Activities (5,815) (59,349) (545,286) CASH FLOW FROM FINANCING ACTIVITIES: Redemption: Long-term debt Premium on reacquisition and financing expenses Dividends declared Capital contribution - EUA Partner's contribution(withdrawal) (23,749) Net increase (decrease) in short-term dbet 5,000 (2,377,571) Net Cash Provided from (Used in) Financing Activities 5,000 (2,377,571) (23,749) NET (DECREASE) INCREASE IN CASH 781,871 (72,720) (83,543) 189,773 Cash and temporary cash investments at beginning of yr. 18,120 317,043 27,488 157,788 Cash and temporary cash investments at end of year $799,991 $244,323 ($56,055) $347,561 Cash paid during the year for: Interest (net of amounts capitalized) Income Taxes $456 $32,236 $7,881 Conversion of investments in energy savings projects to notes and leases receivable ( ) Denotes contra
EUA COGENEX CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENTS OF CASH FLOWS (continued) FOR THE THREE MONTHS ENDED MARCH 31,1999
EUA EUA EUA EUA WestCoast FRC II EC&S I EC&S II (Partnership) (Partnership) (Partnership) (Partnership) CASH FLOW FROM OPERATING ACTIVITIES: Net Income (Loss) $10,562 $124,175 ($135,593) Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: Depreciation and amortization 41,855 200,125 513,624 Deferred taxes Gains on sales of investments in energy savings projects paid for with notes and leases receivable Costs of energy savings cash sales type projects 134,968 203,965 Pension liability Amortization of deferred revenues Collections of prin port of project notes and leases receivable 16,050 38,583 110,512 Undistributed Equity earnings of subsidiaries Other - net 35,602 (90,623) (39,412) Net Changes to Working Capital: Accounts receivable 13,917 (35,602) (32,299) 482,125 Materials and supplies Accounts payable (196,486) (29,416) 80,487 188,043 Accrued taxes Accrued interest Other - net 123 (22,318) (8,988) 6,600 Net Cash Provided from (Used in) Operating Activities (113,979) (51,734) 446,428 1,329,864 CASH FLOW FROM INVESTING ACTIVITIES: Expenditures for investments in energy savings projects 202,740 82,325 (181,376) (53,627) Collections on financing notes and leases receivable Proceeds from sale of Assets Investments in subsidiaries Net Cash Provided from (Used in) Investing Activities 202,740 82,325 (181,376) (53,627) CASH FLOW FROM FINANCING ACTIVITIES: Redemption: Long-term debt Premium on reacquisition and financing expenses Dividends declared Capital contribution - EUA Partner's contribution(withdrawal) (30,591) (550,000) (550,000) Net increase (decrease) in short-term debt Net Cash Provided from (Used in) Financing Activities (30,591) (550,000) (550,000) NET (DECREASE) INCREASE IN CASH 88,761 (284,948) 726,237 Cash and temporary cash investments at beginning of year 89,182 52,909 561,381 410,140 Cash and temporary cash investments at end of year $177,943 $52,909 $276,433 $1,136,377 Cash paid during the year for: Interest (net of amounts capitalized) Income Taxes Conversion of investments in energy savings projects to notes and leases receivable ( ) Denotes contra
Business Line Project Equipment in Service Revenues as of 3/31/99 as of 3/31/99 Demand Side Mgmt./Energy Mgmt. Services $89,438 $7,889 Manufacturing and Fabrication 1,599 Consulting 33 TOTAL $89,438 $9,521 Geographic Location Project Equipment in Service Revenues as of 3/31/99 as of 3/31/99 New England / New York Region $58,135 $6,691 United States excluding New England 31,303 2,830 and New York Canada All areas of the world excluding the U.S. and Canada $89,438 $9,521 TOTAL EX-27 2 FDS
OPUR1 1000 3-MOS DEC-31-1999 MAR-31-1999 PER-BOOK 0 102978 47952 3737 0 154667 0 47047 534 47581 0 0 76600 0 16426 0 6700 0 0 0 7360 154667 9521 (327) 10171 9844 (323) 1519 1196 1976 (780) 0 (780) 0 1774 6186 0 0
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