second_70-9959
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
NATIONAL FUEL GAS COMPANY | SECOND |
HORIZON ENERGY DEVELOPMENT, INC. | CERTIFICATE |
HORIZON ENERGY HOLDINGS, INC. | PURSUANT TO |
and its subsidiaries | RULE 24 |
File No. 70-9959
(Public Utility Holding Company Act of 1935)
THIS
IS TO CERTIFY, pursuant to Rule 24, that certain transactions proposed by
National Fuel Gas Company (National), its subsidiary, Horizon Energy
Development, Inc. (Horizon), Horizons subsidiary, Horizon
Energy Holdings, Inc. (Holdings), and Holdings subsidiaries
(Intermediate Subsidiaries), in their Application-Declaration on
Form U-1, as amended (File No. 70-9959), have been carried out in accordance
with the terms and conditions of said Application-Declaration and the Order
(HCAR No. 35-27487, dated December 31, 2001) of the Securities and Exchange
Commission (the Commission) with respect thereto, and that the
following information for the quarter ended June 30, 2002 is herein provided:
1) |
A general description of the Development Activities of Horizon or any
Intermediate Subsidiary during the quarter and of any exempt wholesale generator
or foreign utility company in which National has acquired, directly or
indirectly, an ownership interest during the quarter: |
|
Horizon and Intermediate Subsidiaries engaged, directly or indirectly, in one or more of
the following Development Activities during the quarter: due diligence and
design review; market studies; preliminary engineering; site inspection;
preparation of bid proposals, including posting of bid bonds; application for
required permits and/or regulatory approvals; acquisition of site options and
options on other necessary rights; negotiation and execution of contractual
commitments with owners of existing facilities, equipment vendors, construction
firms, power purchasers, thermal hosts, fuel suppliers and other
project contractors; discussion of financing opportunities with lenders and
other third-party investors; and such other preliminary activities as may be
required. |
|
National did not acquire, directly or indirectly, an ownership interest in any exempt wholesale generator or
foreign utility company during the quarter. |
2) |
Information on Project Services (administrative, operating, technical and management services) performed
during the quarter: |
Company Company Receiving Type of Service Total At Cost or Fair
Providing Service Service Charges* Market Value
-------------------------- ------------------------ ----------------------- ------------- ----------------------
Horizon Horizon Energy Technical and $17,300** Fair market value
Development, s.r.o. management services
-------------------------- ------------------------ ----------------------- ------------- ----------------------
Horizon Energy Horizon Administrative $14,800** Fair market value
Development, s.r.o. services
-------------------------- ------------------------ ----------------------- ------------- ----------------------
Horizon Energy United Energy, a.s. Administrative and $185,000 Fair market value
Development, s.r.o. operating services
-------------------------- ------------------------ ----------------------- ------------- ----------------------
United Energy, a.s. Teplarna Liberec, a.s. Administrative and $147,400 Fair market value
management services
-------------------------- ------------------------ ----------------------- ------------- ----------------------
* Amounts are shown in US$. Original billings may be calculated in Czech Korunas. For the quarter ended June 30, 2002, the average
spot exchange rate was CZK33.17/US$1.
** Represents approximate amount accrued during quarter. Under terms of agreements, billings are submitted annually.
3) |
Information regarding new Intermediate Subsidiaries: |
|
|
No new Intermediate Subsidiaries were formed or acquired during the quarter. |
4) |
Amount of any Guarantee issued by Horizon or any Intermediate Subsidiary that is
not exempt under Rule 45(b) or Rule 52: |
|
|
Neither Horizon nor any Intermediate Subsidiary issued any such Guarantee during the
quarter. |
5) |
Horizon financial statements:
|
|
|
Horizon's balance sheet at June 30, 2002 is attached as Exhibit 1, and Horizon's income statement for the
quarter ended June 30, 2002 is attached as Exhibit 2. |
IN
WITNESS WHEREOF, the undersigned companies have caused this Certificate to be
executed as of this 27th day of August, 2002.
| NATIONAL FUEL GAS COMPANY |
|
| By: /s/ P. C. Ackerman |
| P. C. Ackerman |
| President |
| HORIZON ENERGY DEVELOPMENT, INC. |
|
| By: /s/ R. J. Tanski |
| R. J. Tanski |
| Secretary and Treasurer |
| HORIZON ENERGY HOLDINGS, INC. |
|
| By: /s/ R. J. Tanski |
| R. J. Tanski |
| Secretary and Treasurer |