EX-99 3 ex_a-1.txt EXHIBIT A-1 Exhibit A-1 FIRSTENERGY SOLUTIONS CORP. Balance Sheet March 31, 2004 --------------------------- (Unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 6,556 Receivables: Customers 154,725 Associated companies 310,875 Other 5,226 Notes receivable from associated companies - Material and supplies 1,693 Prepayments and other 29,526 -------- 508,601 -------- PROPERTY, PLANT AND EQUIPMENT: In service 17,510 Less: Accumulated provision for depreciation 5,197 -------- 12,313 Construction work in progress 426 -------- 12,739 -------- INVESTMENTS: Other 92,315 -------- 92,315 -------- DEFERRED CHARGES: Goodwill 26,067 Other 155,134 -------- 181,201 -------- TOTAL ASSETS $ 794,856 ======== LIABILITIES & STOCKHOLDER'S EQUITY CURRENT LIABILITIES: Notes payable to associated companies $ 456,742 Accounts payable Other 99,178 Associated companies 211,336 Accrued taxes 20,476 Accrued interest - Other 15,186 -------- 802,918 -------- CAPITALIZATION: Common stockholders' equity (27,062) Long-term debt - -------- (27,062) -------- DEFERRED CREDITS: Accumulated deferred income taxes - Accumulated deferred investment tax credits - Other postretirement benefits 13,384 Other 5,616 -------- 19,000 -------- TOTAL LIABILITIES & CAPITALIZATION $ 794,856 ======== Exhibit A-1 FIRSTENERGY SOLUTIONS CORP. Statement of Income --------------------------- (Unaudited) Three Months Ended March 31,2004 ------------- REVENUES $1,463,943 EXPENSES: Fuel, purchased power and gas 1,352,734 Other operating expenses 78,524 Provision for depreciation and amortization 771 General taxes 2,152 --------- Total expenses 1,434,181 --------- EQUITY IN SUBSIDIARY EARNINGS 24,713 --------- INCOME BEFORE INTEREST & INCOME TAXES 54,475 NET INTEREST CHARGES: Interest expenses 1,832 Capitalized interest (1) --------- Net interest charges 1,831 --------- INCOME TAXES 11,360 --------- NET INCOME $ 41,284 =========