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Form U-13-60
Mutual and Subsidiary Service Companies
Revised February 7, 1980
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1995 and Ending December 31, 1995
TO THE
US SECURITIES AND EXCHANGE COMMISSION
OF
UNITIL SERVICE CORP.
A Subsidiary Service Company
Date of Incorporation October 9, 1984
State of Incorporation New Hampshire
Location of Principal Executive Offices of Reporting Company:
216 Epping Road
Exeter, New Hampshire 03833-4571
Name, Title and address of officer to whom correspondence
concerning this report should be addressed:
Laurence M. Brock, Controller216 Epping Road
Exeter, New Hampshire 03833-4571
Name of Principal Holding Company Whose Subsidaries are served by
Reporting Company: UNITIL Corporation
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Description of Schedules and Accounts Schedule or
Account Page
Number Number
COMPARATIVE BALANCE SHEET Schedule I 4-5
SERVICE COMPANY PROPERTY Schedule II 6-7
ACCUMULATED PROVISION FOR
DEPRECIATION
AND AMORTIZATION OF SERVICE COMPANY Schedule III 8
PROPERTY
INVESTMENTS Schedule IV 9
ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES Schedule V 10
FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI 11
STORES EXPENSE UNDISTRIBUTED Schedule VII 12
MISCELLANEOUS CURRENT AND ACCRUED Schedule 13
ASSETS VIII
MISCELLANEOUS DEFERRED DEBITS Schedule IX 14
RESEARCH, DEVELOPMENT, OR
DEMONSTRATION
EXPENDITURES Schedule X 15
PROPRIETARY CAPITAL Schedule XI 16
LONG-TERM DEBT Schedule XII 17
CURRENT AND ACCRUED LIABILITIES Schedule 18
XIII
NOTES TO FINANCIAL STATEMENTS Schedule XIV 19
COMPARATIVE INCOME STATEMENT Schedule XV 20
ANALYSIS OF BILLING - ASSOCIATE Account 457 21
COMPANIES
ANALYSIS OF BILLING - NONASSOCIATE Account 458 22
COMPANIES
ANALYSIS OF CHARGES FOR SERVICE -
ASSOCIATE AND NONASSOCIATE COMPANIES Schedule XVI 23
SCHEDULE OF EXPENSE BY DEPARTMENT OR
SERVICE FUNCTION Schedule XVII 24-25
DEPARTMENTAL ANALYSIS OF SALARIES Account 920 26
OUTSIDE SERVICES EMPLOYED Account 923 27
EMPLOYEE PENSIONS AND BENEFITS Account 926 28
GENERAL ADVERTISING EXPENSES Account 930.1 29
MISCELLANEOUS GENERAL EXPENSES Account 930.2 30
RENTS Account 931 31
TAXES OTHER THAN INCOME TAXES Account 408 32
DONATIONS Account 426.1 33
OTHER DEDUCTIONS Account 426.5 34
NOTES TO STATEMENT OF INCOME Schedule XVIII 35
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS Page
Number
Description of Reports or
Statements
ORGANIZATION CHART 37
METHODS OF ALLOCATION 38
ANNUAL STATEMENT OF 39
COMPENSATION FOR USE
OF CAPITAL BILLED
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE I - COMPARATIVE BALANCE SHEET
Give balance sheet of the Company as of December 31 of the
current and prior year.
ASSETS AND OTHER DEBITS AS OF DECEMBER 31
CURRENT PRIOR
SERVICE COMPANY PROPERTY
101 Service company property 3,354,797 2,109,594
(Schedule II)
107 Construction work in progress 0 0
(Schedule II)
Total Property 3,354,797 2,109,594
108 Less accumulated provision for
depreciation
and amortization of service
company property 2,087,238 1,755,165
(Schedule III)
Net Service Company Property 1,267,559 354,429
INVESTMENTS
123 Investments in associate 0 0
companies (Schedule IV)
124 Other investments 0 0
(Schedule IV)
Total investments 0 0
CURRENT AND ACCRUED ASSETS
131 Cash 24,120 24,120
134 Special deposits 0 0
135 Working funds 5,000 5,000
136 Temporary cash investments 0 0
(Schedule IV)
141 Notes receivable 0 0
143 Accounts receivable 214,939 1,873
144 Accumulated provision for
uncollectable accounts 0 0
146 Accounts receivable from
associate companies
(Schedule V) 1,258,235 946,860
152 Fuel stock expense 0 0
undistributed (Schedule VI)
154 Materials and supplies 0 0
163 Stores expense undistributed 0 0
(Schedule VII)
165 Prepayments 12,989 4,667
174 Miscellaneous current and
accrued assets (Schedule VIII) 0 0
Total Current and Accrued
Assets 1,515,284 982,520
DEFERRED DEBITS
181 Unamortized debt expense 0 0
184 Clearing accounts 151,276 224,770
186 Miscellaneous deferred debits
(Schedule IX) 57,028 514,715
188 Research, development, or
demonstration expenditures
(Schedule X) 0 0
190 Accumulated deferred income tax 0 0
Total Deferred Debits 208,304 739,485
TOTAL ASSETS AND OTHER DEBITS 2,991,147 2,076,434
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE I - COMPARATIVE BALANCE SHEET
ACCOUNT LIABILITIES AND PROPRIETARY AS OF
CAPITAL DECEMBER 31
CURRENT PRIOR
PROPRIETARY CAPITAL
201 Common stock issued (Schedule
XI) 1,000 1,000
211 Miscellaneous paid-in-capital
(Schedule XI) 0 0
215 Appropriated retained earnings
(Schedule XI) 0 0
216 Unappropriated retained
earnings (Schedule XI) 1,688 1,688
Total Proprietary Capital 2,688 2,688
LONG-TERM DEBT
223 Advances from associate
companies (Schedule XII) 0 0
224 Other long-term debt
(Schedule XII) 0 0
225 Unamortized premium on long-
term debt 0 0
226 Unamortized discount on
long-term debt-debit 0 0
Total Long-Term Debt 0 0
227 Obligations under capital
leases - non-current 807,812 149,415
CURRENT AND ACCRUED LIABILITIES
231 Notes payable 0 0
232 Accounts payable 82,314 105,920
233 Notes payable to associate
companies (Schedule XIII) 611,852 596,925
234 Accounts payable to associate
companies (Schedule XIII) 978,244 763,934
236 Taxes accrued 16,941 (8,933)
237 Interest accrued 0 0
238 Dividends declared 0 0
241 Tax collections payable (107) (4,983)
242 Miscellaneous current and
accrued liabilities
(Schedule XIII) 606,512 782,457
243 Obligations under capital
leases - current 438,993 184,259
Total Current and Accrued
Liabilities 2,734,750 2,419,579
DEFERRED CREDITS
253 Other deferred credits 0 0
255 Accumulated deferred investment
tax credits 0 0
Total Deferred Credits 0 0
282 ACCUMULATED DEFERRED INCOME TAXES (554,102) (495,248)
TOTAL LIABILITIES AND PROPRIETARY
CAPITAL 2,991,147 2,076,434
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE II - SERVICE COMPANY PROPERTY
BALANCE
AT RETIREMENTS BALANCE
BEGINNING ADDITIONS OR OTHER AT CLOSE
DESCRIPTION OF YEAR SALES CHANGES 1/ OF YEAR
SERVICE COMPANY
PROPERTY
Account
301 ORGANIZATION
303 MISCELLANEOUS
INTANGIBLE PLANT
304 LAND AND LAND
RIGHTS
305 STRUCTURES
AND IMPROVEMENTS
306 LEASEHOLD
IMPROVEMENTS
307 EQUIPMENT 2/ 1,403,634 1,211,337 0 0 2,614,971
308 OFFICE
FURNITURE
AND EQUIPMENT 630,992 32,092 0 0 663,084
309 AUTOMOBILES,
OTHER VEHICLES
AND RELATED
GARAGE
EQUIPMENT 74,968 19,256 (17,482) 0 76,742
310 AIRCRAFT AND
AIRPORT
EQUIPMENT
311 OTHER SERVICE
COMPANY
PROPERTY 3/
SUB-TOTAL 2,109,594 1,262,685 (17,482) 0 3,354,797
107 CONSTRUCTION
WORK IN
PROGRESS
TOTAL 2,109,594 1,262,685 (17,482) 0 3,354,797
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED
MATERIAL:
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE II - CONTINUED
SUBACCOUNT DESCRIPTION ADDITIONS BALANCE AT
CLOSE OF
YEAR
PC Equipment 1,211,337 2,614,971
TOTAL 1,211,337 2,614,971
3/ DESCRIBE OTHER SERVICE COMPANY
PROPERTY:
NONE
4/ DESCRIBE CONSTRUCTION WORK IN
PROGRESS:
NONE
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE III
ACCUMULATED PROVISION FOR DEPRECIATION AND
AMORTIZATION OF SERVICE COMPANY PROPERTY
BALANCE ADDITIONS
DESCRIPTION AT CHARGED TO OTHER CHANGES BALANCE
BEGINNING ACCOUNT RETIRE- ADD AT CLOSE
OF YEAR 403 MENTS (DEDUCT)1/ OF YEAR
Account
301
ORGANIZATION
303
MISCELLANEOUS
INTANGIBLE PLANT
304 LAND AND
LAND RIGHTS
035 STRUCTURES
AND IMPROVEMENTS
306 LEASEHOLD
IMPROVEMENTS
307 EQUIPMENT 1,220,688 245,354 0 0 1,466,042
308 OFFICE
FURNITURE
AND 472,057 93,671 0 0 565,728
EQUIPMENT
309
AUTOMOBILES,
OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT 62,420 10,530 (17,482) 0 55,468
310 AIRCRAFT
AND
AIRPORT
EQUIPMENT
311 OTHER
SERVICE
COMPANY
PROPERTY
TOTAL 1,755,165 349,555 (17,482) 0 2,087,238
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED
MATERIAL:
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
Instructions: Complete the following schedule concerning investments.
Under Account 124 "Other Investments" state each investment
separately, with description, including, the name of issuing
company, number of shares or principal amount.
Under Account 136, "Temporary Cash Investments," list
each investment separately.
BALANCE BALANCE
AT AT
BEGINNING CLOSE
BALANCE OF YEAR
DESCRIPTION
ACCOUNT 123 - INVESTMENT IN ASSOCIATED 0 0
COMPANIES
ACCOUNT 124 - OTHER INVESTMENTS 0 0
ACCOUNT 136 - TEMPORARY CASH 0 0
INVESTMENTS
TOTAL 0 0
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
INSTRUCTIONS: Complete the following schedule listing accounts receivable
from each associate company. Where the service company has
provided accomodation or convenience payments for associate
companies, a separate listing of total payments for each
company, number of shares or principal amount associate
company by subaccount should be provided.
BALANCE BALANCE
AT AT
DESCRIPTION BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM ASSOCIATE
Companies
Concord Electric Company 181,094 252,799
Exeter & Hampton Electric Company 182,672 271,585
Fitchburg Gas and Electric
Light Company 357,969 485,809
UNITIL Power Corp. 151,957 180,125
UNITIL Realty Corp. 21,165 14,418
UNITIL Corporation 0 2,637
UNITIL Resources, Inc. 52,003 50,862
TOTAL 946,860 1,258,235
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS:
Concord Electric Company 781,977
Exeter & Hampton Electric Company 796,786
Fitchburg Gas and Electric Light Company 1,269,829
UNITIL Power Corp. 248,443
UNITIL Realty Corp. 26,208
UNITIL Corporation 2,706
UNITIL Resources, Inc. 38,994
For a list of major vendors paid by UNITIL
Service Corp. on behalf of
associate companies see
page 10A.
TOTAL PAYMENTS 3,164,943
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
CONVENIENCE PAYMENTS BY TYPE AND COMPANY
CECo E&H FG&E UPC
Insurance $133,800 $147,950 $400,362 $90,147
Legal 47,106 44,733 257,584 120,554
Audit 40,248 41,322 82,231 34,434
Computer
Equip/Software/Maint 59,291 79,766 49,953 0
Demand Side Management 933 591 2,600 0
Office Supplies & Forms 43,011 56,135 43,076 210
Actuarial Services 17,259 20,440 40,562 0
Consulting Services 158,300 157,400 346,900 2,100
Payroll Related 250,604 215,770 0 0
Miscellaneous 31,424 32,678 46,561 998
Total $781,977 $796,786 $1,269,829 $248,443
CONVENIENCE PAYMENTS BY TYPE AND COMPANY (Cont.)
URI URC UC Total
Insurance $903 $6,313 $0 $779,476
Legal 25,843 17,918 0 513,739
Audit 1,411 1,247 0 200,893
Computer
Equip/Software/Maint 8,292 0 0 197,302
Demand Side Management 0 0 0 4,123
Office Supplies & Forms 988 37 0 143,458
Actuarial Services 0 0 0 78,261
Consulting Services 0 0 0 664,700
Payroll Related 0 0 0 466,374
Miscellaneous 1,557 693 2,706 116,617
Total $38,994 $26,208 $2,706 $3,164,943
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and
expenses incurred with respect
to fuel stock expense during the year
and indicate amount
attributable to each associate
company. Under the section
headed "Summary" listed below give an
overall report of the
fuel functions performed by the
service company.
LABOR EXPENSE TOTAL
DESCRIPTION
ACCOUNT 152 - FUEL STOCK EXPENSE 0 0 0
UNDISTRIBUTED
TOTAL 0 0 0
SUMMARY:
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect
to stores expense during the year and indicate amount
attributable to each associate company.
DESCRIPTION LABOR EXPENSE TOTAL
ACCOUNT 163 - STORES EXPENSE 0 0 0
UNDISTRIBUTED
TOTAL 0 0 0
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE VIII
MISCELLANEOUS CURRENT AND ACCRUED ASSETS
INSTRUCTIONS: Provide detail of items in this account. Items
less than $10,000 may be grouped, showing the number
of items in each group.
BALANCE AT BALANCE AT
BEGINNING CLOSE
OF YEAR OF YEAR
DESCRIPTION
ACCOUNT 174 - MISCELLANEOUS
CURRENT AND ACCRUED ASSETS 0 0
TOTAL 0 0
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE IX - MISCELLANEOUS DEFERRED DEBITS
INSTRUCTIONS: Provide detail of items in this account.
Items less than $10,000 may be grouped by class
showing the number of items in each class.
BALANCE AT BALANCE AT
BEGINNING CLOSE
OF YEAR OF YEAR
DESCRIPTION
ACCOUNT 186 - MISCELLANEOUS DEFERRED
DEBITS
Under/(over) collected
administrative expenses 188,636 (7,438)
Postage 20,561 18,838
Deferred relocation costs 295,268 0
Business Development 10,250 0
Miscellaneous Deferred 0 45,628
TOTAL 514,715 57,028
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE X
RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES
INSTRUCTIONS: Provide a description of each material
research, development, or demonstration
project which incurred costs by the service
corporation during the year.
BALANCE AT
DESCRIPTION CLOSE
OF YEAR
ACCOUNT 188 - RESEARCH, DEVELOPMENT OR
DEMONSTRATION EXPENDITURES 0
TOTAL 0
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
SCHEDULE XI - PROPRIETARY CAPITAL
PAR OR OUTSTANDING CLOSE
NUMBER OF STATED OF PERIOD
ACCOUNT CLASS OF SHARES VALUE NO. OF TOTAL
NUMBER STOCK AUTHORIZED PER SHARE SHARES AMOUNT
- ------------------------------------------------------------------
201 COMMON STOCK ISSUED 300 10.00 100 1,000
- ------------------------------------------------------------------
INSTRUCTIONS: Classify amounts in each account with brief
explanation, disclosing the general
nature of transactions which gave rise to the
reported amounts.
DESCRIPTION AMOUNT
ACCOUNT 211 - MISCELLANEOUS PAID-IN CAPITAL
ACCOUNT 215 - APPROPRIATED RETAINED EARNINGS
TOTAL 0
- ------------------------------------------------------------------
INSTRUCTIONS: Give particulars concerning net income or
(loss) during the year, distinguishing
between compensation for the use of capital
owned or net loss remaining from
servicing nonassociates per the General
Instructions of the Uniform System of
Accounts. For dividends paid during the year
in cash or otherwise, provide rate
percentage, amount of dividend, date declared
and date paid.
- ------------------------------------------------------------------
BALANCE NET BALANCE
AT INCOME AT
DESCRIPTION BEGINNING OR DIVIDENDS CLOSE
OF YEAR (LOSS) PAID OF YEAR
- ------------------------------------------------------------------
ACCOUNT 216 -
UNAPPROPRIATED
RETAINED
EARNINGS 1,688 0 0 1,688
- ------------------------------------------------------------------
TOTAL 1,688 0 0 1,688
- ------------------------------------------------------------------
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1995
INSTRUCTIONS: Advances from associate companies should be reported
separately for advances on notes, and advances on open account.
Names of associate companies from which advances were
received shall be shown under the class and series of
obligation column. For Account 224 - Other long-term
debt provide the name of creditor company or organization,
terms of the obligation,date of maturity, interest
rate, and the amount authorized and outstanding.