EX-99.1 3 ex1-2.htm FIRSTENERGY FACILITIES SERVICES GROUP, LLC - CONSOLIDATED BALANCE SHEET AND STATEMENT OF OPERATIONS FirstEnergy Facilities Services Group, LLC - Consolidated Balance Sheet and Statement of Operations
Exhibit 1-2


FIRSTENERGY FACILITIES SERVICES GROUP, LLC
Consolidated Balance Sheet (Unaudited)
                         September 30, 2005                          
(In Thousands)


ASSETS
     
       
CURRENT ASSETS:
       
Cash and cash equivalents
 
$
5,632
 
Receivables:
       
Associated companies
   
4,583
 
Other
   
59,583
 
Material and supplies
   
5,942
 
Prepayments and other
   
891
 
     
76,631
 
         
INVESTMENTS:
       
Nonutility property, net
   
11,592
 
Other
   
(1,458
)
     
10,134
 
         
DEFERRED CHARGES:
       
Goodwill
   
-
 
Accumulated deferred income tax benefits
   
28,085
 
Other
   
-
 
     
28,085
 
         
TOTAL ASSETS
 
$
114,850
 
         
         
LIABILITIES & CAPITALIZATION
       
         
CURRENT LIABILITIES:
       
Currently payable long-term debt
 
$
324
 
Short-term borrowings
   
-
 
Notes payable to associated companies
   
2,281
 
Notes payable other
   
12,811
 
Accounts payable
       
Other
   
30,019
 
Associated companies
   
92
 
Accrued taxes
   
3,651
 
Other
   
7,187
 
     
56,365
 
         
CAPITALIZATION:
       
Common stockholder’s equity
   
52,924
 
Long-term debt
   
5,561
 
     
58,485
 
         
         
TOTAL LIABILITIES & CAPITALIZATION
 
$
114,850
 






Exhibit 1-2


FIRSTENERGY FACILITIES SERVICES GROUP, LLC
Consolidated Statement of Operations (Unaudited)
(In Thousands)


   
Three Months
     
   
Ended
 
Year-to-date
 
   
Sept. 30, 2005
 
Sept. 30, 2005
 
               
Revenues
 
$
59,415
 
$
161,258
 
               
Cost of revenues
   
55,109
   
145,414
 
               
Gross margin
   
4,306
   
15,844
 
               
Selling, general and administrative expenses
   
3,841
   
17,125
 
Depreciation
   
143
   
399
 
     
322
   
(1,680
)
               
Purchase agreement incentive plans
   
12
   
79
 
               
Operating income/(loss)
   
310
   
(1,759
)
               
Interest income
   
191
   
607
 
Interest expense
   
(506
)
 
(1,212
)
Gain on sale of fixed assets
   
1
   
8
 
Other income, net
   
45
   
157
 
Total other expense
   
(269
)
 
(440
)
               
Income/(Loss) before income taxes
   
41
   
(2,199
)
               
Income taxes
   
40
   
3,654
 
               
Income/(loss) before discontinued operations
   
1
   
(5,853
)
               
Discontinued operations
   
-
   
129
 
               
Net Income/(loss)
 
$
1
 
$
(5,724
 )