-----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, K2CshdyO/veSOSUl6MhEeEge/w6chXTn09HNgWkSVFkv93pylqDb6FJgtwh4vAwg P+QB9YS4LBSkf4pqCYnTyA== 0000950123-98-007777.txt : 19980820 0000950123-98-007777.hdr.sgml : 19980820 ACCESSION NUMBER: 0000950123-98-007777 CONFORMED SUBMISSION TYPE: U5B PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980818 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERSTATE ENERGY CORP CENTRAL INDEX KEY: 0000352541 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 391380265 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U5B SEC ACT: SEC FILE NUMBER: 001-09894 FILM NUMBER: 98693896 BUSINESS ADDRESS: STREET 1: 244 W WASHINGTON AVE CITY: MADISON STATE: WI ZIP: 53703 BUSINESS PHONE: 6082523110 MAIL ADDRESS: STREET 1: P O BOX 2568 CITY: MADISON STATE: WI ZIP: 53701-2568 FORMER COMPANY: FORMER CONFORMED NAME: WPL HOLDINGS INC DATE OF NAME CHANGE: 19920703 U5B 1 FORM U5B RE: INTERSTATE ENERGY CORPORATION 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM U5B REGISTRATION STATEMENT Filed Pursuant to Section 5 of the Public Utility Holding Company Act of 1935 Interstate Energy Corporation Name of Registrant Name, Title and Address of Officer to whom Notices and Correspondence concerning this Statement should be Addressed Erroll B. Davis, Jr. President and Chief Executive Officer Interstate Energy Corporation 222 West Washington Avenue Madison, Wisconsin 53701-2568 With a copy to: Barbara J. Swan Vice President and General Counsel Alliant Services Company 222 West Washington Avenue Madison, Wisconsin 53701-2568 1 2 GLOSSARY OF DEFINED TERMS When used herein, the following terms shall have the meanings set forth below: Act Public Utility Holding Company Act of 1935, as amended AI Alliant Industries, Inc. ASC Alliant Services Company Commission Securities and Exchange Commission CRANDIC Cedar Rapids and Iowa City Railway Company Energy IES Energy Inc. FERC Federal Energy Regulatory Commission HEHC Heartland Environmental Holding Company HPI Heartland Properties, Inc. IEC Interstate Energy Corporation IESI IES Industries, Inc. IESNZ IES New Zealand Ltd. IESU IES Utilities Inc. International IES International Inc. Investments IES Investments Inc. Merger The business combination among WPLH, IESI and IPC Merger U-1 The form U-1 Application/Declaration filed by WPLH, IESI and IPC in File No. 70-8891, as amended RMT RMT Inc. SEC Securities and Exchange Commission South Beloit South Beloit Water, Gas and Electric Company Transportation IES Transportation Inc. WPL Wisconsin Power and Light Company EXPLANATORY NOTE AND REQUEST FOR WAIVER IEC AND ITS PRINCIPAL UTILITY SUBSIDIARIES, WP&L, IPC, AND IESU, HAVE BEEN SUBJECT TO THE PERIODIC REPORTING REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, AND THE RULES AND REGULATIONS OF THE COMMISSION THEREUNDER ("1934 ACT"). PURSUANT TO THESE REQUIREMENTS, IEC (AND/OR WPLH) WPL, IPC, AND IESU HAVE FILED ANNUAL REPORTS ON FORM 10-K, QUARTERLY REPORTS ON FORM 10-Q, PROXY STATEMENTS AND OTHER REPORTS. IEC, WPL AND IESU REMAIN SUBJECT TO 1934 ACT PERIODIC REPORTING REQUIREMENTS. WPL, IPC, AND IESU HAVE ALSO FILED REGISTRATION STATEMENTS WITH THE COMMISSION PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED, AND THE RULES AND REGULATIONS OF THE COMMISSION THEREUNDER. IN ADDITION, AS AN EXEMPT HOLDING COMPANy, IESI FILED AN ANNUAL EXEMPTION STATEMENTS WITH THE COMMISSION ON FORM U-3A-2 DISCLOSING ADDITIONAL INFORMATION ABOUT THEIR OPERATIONS. ADDITIONAL INFORMATION REGARDING IEC AND ITS SUBSIDIARIES WILL BE SET FORTH IN ADDITIONAL U-1 FILINGS TO BE MADE IN THE NEAR FUTURE. THESE FILINGS SET FORTH MUCH OF THE SAME INFORMATION REQUIRED BY FORM U5B. IN VIEW OF THE COMMISSION'S FAMILIARITY WITH THE IEC SYSTEM THROUGH THESE FILINGS, IEC RESPECTFULLY REQUESTS THAT THE COMMISSION WAIVE, PURSUANT TO RULE 20(a)(3) UNDER THE ACT, THE REQUIREMENTS OF FORM U5B TO THE EXTENT THE DISCLOSURE REQUIRED BY FORM U5B HAS ALREADY BEEN FILED WITH THE COMMISSION IN OTHER FILINGS, AND PERMIT THE INCORPORATION OF CERTAIN INFORMATION BY REFERENCE TO THE EXTENT INDICATED HEREIN. 2 3 REGISTRATION STATEMENT The undersigned holding company hereby submits its registration statement to the Commission pursuant to Section 5 of the Act. 1. Exact name of registrant: Interstate Energy Corporation 2. Address of principal executive offices: 222 West Washington Avenue, Madison, Wisconsin 53701-2568 3. Name and address of chief accounting officer: John E. Ebright,Vice President-Controller, Interstate Energy Corporation, 222 West Washington Avenue, Madison, Wisconsin 53701-2568 4. Certain information as to the registrant and each subsidiary company thereof:
Col. A Col. B Col. C Col. D - ------ ------ ------ ------ Name of Company Organization State Type of Business - --------------- ------------ ----- ---------------- Interstate Energy Corporation (formerly WPL Holdings, Inc. and IES Industries Inc.) Corp. WI Holding company Wisconsin Power and Light Company Electric & Gas Corp. WI Utility company South Beloit Water, Gas and Electric Company Corp. IL Electric & Gas Utility company Wisconsin River Power Company Corp. WI Electric Utility company (WP&L owns 33.3%) Wisconsin Valley Improvement Company Corp. WI Manages water flows (WP&L owns on Wisconsin River 12%.) REAC, Inc. (dissolved 7/31/98) Corp. WI Purchases undeveloped real property WP&L Charitable Foundation Non WI Contributes to profit corp. charities IES Utilities Inc. Corp. IA Electric and gas utility company IES Ventures Inc. Corp. IA Holding company IES Midland Development Inc. Corp. IA Owns and operates landfill
3 4 Unitrain Services Partnership IA Railroad car management co. Envirogas L.P. Limited IA Sells refuse gas from Partnership biomass IES Industries Charitable Foundation Non-profit IA Contributes to corp. charities Cedar Rapids Electronic Joint venture IA Evaluates electric Transportation Consortium mass transit technology Interstate Power Company Corp. DE Electric & Gas Utility company IPC Development Corp. IA Acquires and disposes of real estate for IPC Interstate Power Company of WI Corp. WI Inactive Alliant Services Company Corp. IA Service company Alliant Industries, Inc. (formerly Heartland Development Corporation and IES Diversified Inc.) Corp. WI Holding company for non-utility subsidiaries Heartland Environmental Holding Company Corp. WI Holding company RMT Inc. Corp. WI Environmental consulting and engineering RMT International Inc. Corp. WI Holding company RMT of Ohio Corp. (RMT owns 48%) OH Environmental consulting and engineering RMT of North Carolina, Inc. Corp. NC Environmental consulting and engineering RMT of Michigan, Inc. Corp. MI Environmental AMN Acquisition Co. Corp. WI Inactive
4 5 Community D consulting and engineering Quality Environmental Systems, Inc. Corp. WI Environmental consulting and engineering Jones & Neuse, Inc. Corp. TX Environmental consulting and engineering RMT Consulting Engineers, P.C. Service Corp. NY Environmental consulting and engineering Entra Technologies Co. Corp. TX Environmental software Co. Heartland Properties, Inc. Corp. WI Asset management and community development Heartland Equity Management, Inc. Corp. WI Investments Heartland Fund IV Beloit Burton, Inc Corp. WI Community development Heartland Fund IV Racine Wilmanor, Inc. Corp WI Community development Heartland Pheasant Glen, Inc. Corp WI Community development Heartland Beach Grove, Inc. Corp WI Community development Heartland-Orchard Place, Inc. Corp. WI Community development Heartland Fund I, Inc. Corp WI Heartland Fund I Grand Chute, Inc. Corp. WI Community development AMW Acquisition Co. ----- -- --------
5 6 Heartland Fund I Cudahy III, Inc. Corp. WI Community development Heartland Fund I Riverplace, Inc. Corp. WI Community development Heartland Fund I Sussex, Inc. Corp. WI Community development Heartland Fund I Waunakee, Inc. Corp. WI Community development Heartland Fund I Eau Claire Oakwood, Inc. Corp. WI Community development Heartland Fund I Delavan, Inc. Corp. WI Community development Heartland Direct Development, Inc. Corp. WI Investments Heartland Dekoven, Inc. Corp. WI Community development Heartland Lake Oaks, Inc. Corp. WI Inactive Heartland Lake Oaks I, Inc. Corp. WI Inactive Heartland Landings, Inc. Corp. WI Community development Heartland Timber Trails, Inc. Corp. WI Community development Heartland Water Tower, Inc. Corp. WI Community development HAH* Tower Hall-Marshfield Tower Hall II, Inc. Corp. WI Community development Heartland Fund Management, Inc. Corp. WI Inactive
*HAH= Heartland Affordable Housing 6 7 HAH Antigo Depot, Inc. Corp. WI Community development HAH Antigo, Inc. Corp. WI Community development HAH Appleton Phase II, Inc. Corp. WI Community development HAH Appleton, Inc. Corp. WI Community development HAH Berlin North River, Inc. Corp. WI Community development HAH Berlin WPL Inc. Corp. WI Community development HAH Berlin Inc. Corp. WI Community development HAH Columbus Whitney Inc. Corp. WI Community development HAH Columbus Inc. Corp. WI Community development HAH DePere Inc. Corp. WI Community development HAH Pardeeville Inc. Corp. WI Community development HAH Pardeeville II Inc. Corp. WI Community development HAH Holmen Inc. Corp. WI Community development HAH Platteville Inc. Corp. WI Community development HAH Plymouth Inc. Corp. WI Community development
7 8 HAH Port Edwards II Inc. Corp. WI Community development HAH Port Edwards Inc. Corp. WI Community development HAH Portage Inc. Corp. WI Community development HAH Madison Mai Street Inc. Corp. WI Community development HAH Madison YWCA Inc. Corp. WI Community development HAH Manitowoc Inc. Corp. WI Community development HAH Marinette Inc. Corp. WI Community development HAH Marshfield Inc. Corp. WI Community development HAH Mayville Inc. Corp. WI Community development HAH McFarland Inc. Corp. WI Community development HAH Northland Inc. Corp. WI Community development HAH Oregon Inc. Corp. WI Community development HAH Paddock Lake Inc. Corp. WI Community development HAH Dells, Elroy, Hillsboro, Inc. Corp. WI Inactive HAH Fond du Lac, Eldorado Inc. Corp. WI Community development HAH Janesville Teffris Flat Inc. Corp. WI Community development
8 9 HAH Kenosha Windsong Inc. Corp. WI Community development HAH Madison Fairwood Arms Inc. Corp. WI Community development HAH Prairie du Chien Inc. Corp. WI Community development HAH Prairie du Chien II Inc. Corp. WI Community development HAH Ripon Inc. Corp. WI Community development HAH Sheboygan Balzer Inc. Corp. WI Community development HAH Sun Prairie Inc. Corp. WI Community development HAH The Falconer Inc. Corp. WI Community development Heartland Sherman Ave. Inc. Corp. WI Inactive HAH Reedsburg Inc. Corp. WI Community development HAH Sheboygan Falls Inc. Corp. WI Community development HAH Sheboygan Jung Inc. Corp. WI Community development HAH Sheboygan Leverance Inc. Corp. WI Community development HAH Wausau Inc. Corp. WI Community development
9 10 HAH Verona Inc. Corp. WI Community development Heartland Capital Management Inc. Corp. WI Guarantor Heartland Special Limited Inc. Corp. WI Investments Heartland McFarland WB Inc. Corp. WI Community development HAH Sheboygan Inc. Corp. WI Community development Heartland Asset Management, Inc. Corp. WI Monitors and inspects properties Capital Square Financial Corporation Corp. WI Financing services Norlight General Partnership WI Inactive Heartland Energy Group, Inc. Corp. WI Holding company IEA-HES LLC L.L.C. IA Gas Marketing (50% ownership) Heartland Energy Services, Inc. ("HES") Corp. WI Inactive company WPLH CT LLC L.L.C. WI Investments Cargill-Alliant LLC L.L.C. IA Commodity sales of (49% + ownership) energy resources IES Transportation Inc. Corp. IA Holding company Cedar Rapids and Iowa City Railway Company Corp. IA Shortline freight railway Heartland Rail Corporation Corp. (CRANDIC owns 17.5%) IA Operates rail lines
10 11 IEI Barge Services Inc. Corp. Transportation owns 75%) IA Barge terminal and hauling services IES Transfer Services Inc. Corp. IA Operates storage facilities Iowa Northern Railway Corp. IA Intermediary (Transportation Railway Company Has Non-Voting Interest) IA IES Energy Inc. Corp. IA Holding company Whiting Petroleum Corporation Corp. DE Produces crude oil Whiting Programs, Inc. Corp. Inactive WOK Acquisition Co. Corp. OK Inactive Industrial Energy Applications Inc. Corp. IA Commodities-based energy services Energys Inc. Corp. WI Propane air systems IEA Delaware Inc. Corp. DE Limited Partner in Oakhill Oakhill Pipeline LP L.P. TX Manages gas gathering system investment IEA-HES LLC (50% ownership) BFC Gas Co. LLC L.L.C. IA Methane production (60% ownership) from biomass Ely, Inc. Corp. (Energy owns 69.4%)) IA Inactive corporation
11 12 IES International Inc. Corp. IA Foreign Utility Company IES New Zealand Ltd. Corp. New Zealand Foreign Utility Company PowerCo Limited Corp. New (IESNZ Zealand Utility company holds less than 20% interest) Central Power Limited Corp. New (IESNZ Zealand Utility company holds less than 20% interest) TransAlta New Zealand LTD. Corp. New (IESNZ Zealand Inactive holds less than 20% interest) Power New Zealand LTD. Corp. New (IESNZ Zealand Inactive holds less than 20% interest) Bay of Plenty Electric LTD Corp. New (IESNZ Zealand Inactive holds less than 20% interest) Enerco NZ LTD. Corp. New (IESNZ Zealand Inactive holds less than 20% interest)
12 13 Natural Gas Corp. Holdings LTD Corp. New (IESNZ Zealand Inactive holds less than 20% interest) WEL Energy Group Corp. New (IESNZ Zealand Inactive holds less than 20% interest) Interstate Energy Corporation PTE Ltd. Corp. Singapore Foreign Utility Company JIES Heat and Power Ltd. Joint Venture People's (IECPTE Republic of owns 50%) China Utility company TIES Heat and Power Ltd. Joint Venture People's Utility (IECPTE Republic of Company owns 50%) China IES Brazil Inc. Corp. IA Foreign Utility Company Brazil West Energy Limitada Corp. Brazil Inactive Centelha S.A. Brazil Inactive (50% IES Brazil, 50% International) IES Brazil Limitada Corp. Brazil Inactive Grandelight Light Holding Co. Corp. British Virgin Holding Islands Company Peak Pacific Investments Co. Corp. Singapore Energy (65% ownership) development IES Investments Inc. Corp. IA Holding company 2001 Development Corporation Corp. (Investments owns 54.6%) IA Real estate development
13 14 2060 Partnership Partnership IA Real estate project 2002 Development Corporation Corp. IA Real estate project Center Place Limited Partners Limited. IA Operates Partnership rental apartments 3001 LLC L.L.C. IA Real Estate (50%) project Atlantic Sundown Apartments L.P. Corp. WI Community development Iowa Venture Capital Fund Limited. IA Venture Partnership capital fund OSADA I Limited Partnership (MAHP) Limited. IA Develops low Partnership income housing Blairs Ferry Limited Partnership (MAHP) Limited. IA Develops low Partnership income housing IES Investco Inc. Corp. IA Holding company for commitments to DLJ Merchant Banking Fund, L.P. McLeodUSA Incorporated Corp. Exempt (Investments owns telecommunications 14%; IPC company owns less than 1%)DE Village Lakeshares Inc. Corp. IA Holding company Village Lakeshares L.P. L.P. IA Community development Iowa Land and Building Company Corp. IA Purchases
14 15 undeveloped real property Prairie Ridge Business Park Limited IA Real estate Liability holding Company company
15 16 BUSINESS 5 (a) The general character of the business done by the registrant and its subsidiaries, separated as between the holding companies, public utility subsidiaries (as defined in the Act) and the various non-utility subsidiaries. Information regarding the general character of the business of IEC and its subsidiaries and information regarding the statistics relating to sales, purchases, operating revenues, and customers for IEC and its utility subsidiaries during the past five years can be found in the following documents, which are attached as Exhibits F-1, F-2, F-3, F-4, F-5, F-6, F-7, F-8, F-9 and F-10, respectively: Items 1 and 6 of the Annual Report of WPL Holdings, Inc. on Form 10-K for the period ending December 31, 1997; items 1 and 6 of the Annual Report of IES Industries Inc. on Form 10-K for the period ending December 31, 1997; items 1 and 6 of the Annual Report of IPC on Form 10-K for the period ending December 1, 1997 the Annual Report of Wisconsin Power and Light Company on Form 10-K for the period ending December 31, 1997; the Annual Report of IES Utilities Inc. on Form 10-K for the period ending December 31, 1997; the Annual Report to shareholders of Alliant Corporation for the period ending December 31, 1997; the Wisconsin Power and Light Company Proxy Statement distributed for the July 17, 1998 Annual Meeting of Shareholders; the Interstate Energy Corporation Proxy Statement distributed for the June 24, 1998 Annual Meeting of Shareholders; the Quarterly Report of Interstate Energy Corporation (WPL Holdings, Inc.) on Form 10-Q for the period ending March 31, 1998; the Quarterly Report for Interstate Energy Corporation (the combined entities) on Form 10-Q for the period ended June 30, 1998; the Quarterly Report of Wisconsin Power & Light Company on Form 10-Q for the period ending March 31, 1998, and the Quarterly Report of IES Utilities Inc. on Form 10-Q for the period ended March 31, 1998. (b) Any substantial changes which may have occurred in the general character of the business of such companies during the preceding five years. OMITTED BY PERMISSION OF THE STAFF PROPERTY 6. Describe briefly the general character and location of the principal plants, properties and other important physical units of the registrant and its subsidiaries, showing separately (a) public utility and (b) other properties. If any principal plant or important unit is not held in fee, so state and describe how held. See Item 2 of the Annual Reports of WPLH, IESI and IPC, respectively, on Form 10-K, for the period ending December 31, 1997, which are attached hereto as Exhibits F-1, F-2, and F-3, respectively. INTERSTATE TRANSACTIONS 7. For each public utility company in the holding company system of the registrant which is engaged in the transmission of electric energy or gas in interstate commerce, furnish the following information for the last calendar year: 16 17
Electric Energy Gas kWh Mef Total Annual Sales - ----------------------------------------------------------------------------------------------------- Interstate Transactions - ----------------------------------------------------------------------------------------------------- Name of State delivered out of State Received from Out of State - -----------------------------------------------------------------------------------------------------
WP&L, IESU, IPC and South Beloit have on file with FERC their 1997 FERC Form 1's, which include information related to the transmission of electric energy. These reports have also been provided as Exhibits G-1, G-2, G-3 and G4, respectively. WP&L, IES and IPC do not own and operate facilities for the transmission of gas in interstate commerce. They do purchase gas transportation and storage services for their retail customers from regulated interstate pipeline suppliers. IPC and IESU each has on file with FERC its 1997 Form 2, which includes information related to its natural gas business. SECURITIES OUTSTANDING 8. Submit the following information concerning the registrant and each subsidiary thereof as of the latest available date: FUNDED DEBT (a) For each issue or series of funded debt, including funded debt secured by liens on property owned, whether or not such debt has been assumed: (Do not include here any contingent liabilities reported under paragraph 8(c)). As of March 31, 1998 BY PERMISSION OF THE STAFF, COLUMNS E THROUGH I HAVE BEEN OMITTED.
COL. A COL. B COL. C COL. D AMOUNT AMOUNT ISSUED AUTHORIZED LESS RETIRED NAME OF OBLIGOR TITLE OF ISSUE ($'s in 000's) ($'s in 000's) WPL First Mortgage Bonds $25,000 $8,899 Series L, 6.25% Due 8/1/1998 Secured
17 18 WPL First Mortgage Bonds 50,000 27,000 1990 Series V, 9.3% Due 12/1/2025 Secured WPL First Mortgage Bonds 90,000 90,000 1992 Series W, 8.6% Due 3/15/2027 Secured WPL First Mortgage Bonds 62,000 62,000 1992 Series X, 7.75% Due 6/1/2004 Secured WPL First Mortgage Bonds 72,000 72,000 1992 Series Y, 7.6% Due 7/1/2005 Secured WPL First Mortgage Bonds 8,500 8,500 1984 Series A, variable rate Due 8/1/2014 Secured WPL First Mortgage Bonds 15,500 14,600 1988 Series A, variable rate Due 8/1/2015 Secured WPL First Mortgage Bonds 16,000 16,000 1991 Series A, variable rate Due 9/1/2015 Secured WPL First Mortgage Bonds 16,000 16,000 1991 Series B, variable rate Due 9/1/2005 Secured WPL First Mortgage Bonds 1,000 1,000 1991 Series C, variable rate Due 10/1/2000 Secured
18 19 WPL First Mortgage Bonds 875 875 1991 Series D, variable rate Due 10/1/2000 Secured WPL Debentures 105,000 105,000 7.00% Due 6/15/2007 Unsecured Firstar Trust Co, due 5/13/98, 5.53% 6,000 Commercial Paper: Due 4/7/98, 5.62% 8,000 Due 4/13/98, 5.58% 9,500 Due 4/20/98, 5.56% 9,000 Due 4/20/98, 5.59% 6,000 IPC First Mortgage Bonds 25,000 25,000 8.00% Series Due 2/15/2007 Secured IPC First Mortgage Bonds 25,000 25,000 8.625% Series Due 9/15/2021 Secured IPC First Mortgage Bonds 94,000 94,000 7.625% Series Due 5/15/2023 IPC Pollution Control Revenue Bonds 900 900 Clinton-1973, 5.95% Due 12/1/1998 Secured IPC Pollution Control Revenue Bonds 4,400 2,650 Dubuque-1973, 5.95% Due 12/1/1998 IPC Pollution Control Revenue Bonds 3,700 2,300 Lansing-1973, 5.95% Due 12/1/1998 Secured IPC Pollution Control Revenue Bonds 3,400 3,250 Sherburn (Fox Lake)-1977, 6.375% Due serially, $150,000 each year from 4/1/1998 to 4/1/2006, final payment of $2,050,000 on 4/1/2007 Secured
19 20 IPC Pollution Control Revenue Bonds 8,000 7,700 Salix (Neal 4)-1977, 6.375% Due serially, $300,000 each year from 4/1/1998 to 4/1/2006, final payment of $5,300,000 on 4/1/2007 Secured IPC Pollution Control Revenue Bonds 1,000 1,000 Lansing B-1994, 5.75% Due 6/1/2003 Secured IPC Pollution Control Revenue Bonds 1,000 1,000 Clinton B-1994, 6.25% Due 4/1/2009 Secured IPC Pollution Control Revenue Bonds 5,600 5,600 Lansing A-1994, 6.30% Due 5/1/2010 Secured IPC Pollution Control Revenue Bonds 5,650 5,650 Clinton A-1994, 6.35% Due 12/1/2012 Secured IPC Commercial Paper 3,650,000 3,650,000 Maturity Date 4/9/98 Interest Rate 5.57% IPC Commercial Paper 6,350,000 6,350,000 Maturity Date 4/9/98 Interest Rate 5.57% IPC Commercial Paper 284,000 284,000 Maturity Date 4/6/98 Interest Rate 5.63% IPC Commercial Paper 516,000 516,000 Maturity Date 4/6/98 Interest Rate 5.63% IPC Commercial Paper 1,000,000 1,000,000 Maturity Date 4/6/98 Interest Rate 5.59% IES Collateral Trust Bonds 50,000 50,000 7.65% Series Due 3/28/2000 Secured IES Collateral Trust Bonds 60,000 60,000 7.25% Series Due 10/1/2006 Secured IES Collateral Trust Bonds 55,000 55,000 6.875% Series Due 5/1/2007 Secured IES Collateral Trust Bonds 50,000 50,000 6.00% Series Due 10/1/2008 Secured
20 21 IES Collateral Trust Bonds 50,000 50,000 7.00% Series Due 10/1/2023 Secured IES Collateral Trust Bonds 19,400 19,400 5.50% Series Due 11/1/2023 Secured IES First Mortgage Bonds 60,000 60,000 Series Y, 8.625% Due 5/15/2001 Secured IES First Mortgage Bonds 50,000 50,000 Series Z, 7.60% Due 3/1/1999 Secured IES First Mortgage Bonds 21,000 21,000 9.125% Series Due 7/1/2001 Secured IES First Mortgage Bonds 30,000 30,000 7.25% Series Due 9/1/2007 Secured IES Pollution Control Obligations 6,160 3,276 5.75% Due serially $140,000 on 6/1/1998 and 6/1/1999, $196,000 on 6/1/2000, $560,000 on 6/1/2001 and 6/1/2002, $1,680,000 on 6/1/2003 Secured IES Pollution Control Obligations 10,000 10,000 5.95% Due serially $500,000 each year from 2/1/2000 to 2/1/2003, $1,000,000 on 2/1/2004, $2,000,000 on 2/1/2005 and 2/1/2006, $3,000,000 on 2/1/2007 Secured
21 22 IES Pollution Control Revenue Refunding Bonds 2,400 2,400 1991 Series-Cedar Rapids, variable rate Due 11/1/2003 Secured IES Pollution Control Revenue Refunding Bonds 5,300 5,300 1991 Series-Chillicothe, variable rate Due 11/1/2010 Secured IES Pollution Control Revenue Refunding Bonds 2,400 2,400 1992 Series A, variable rate Due 3/1/2010 Secured IES Pollution Control Revenue Refunding Bonds 1,000 1,000 1992 Series B, variable rate Due 3/1/2000 Secured IES Subordinated Deferrable Interest Debentures 50,000 50,000 7.875% Due 12/31/2025 Unsecured IES Senior Debentures 135,000 135,000 Series A, 6.625% Due 8/1/2009 Unsecured WPLH Short-term debt 38,000 38,000 5.53% Due on demand
22 23 CAPITAL STOCK (b) For each class of capital stock including certificates of beneficial interest give information both in number of shares and in dollar amounts: (Do not include here any warrants, options or other securities reported under paragraph 8(d)). As of March 31, 1998 BY PERMISSION OF THE STAFF, COLUMNS G THROUGH J HAVE BEEN OMITTED.
Subsidiary: C D E F --- --- --- --- A B Amount Add'l Amt --- --- Authorized Amount Amt Issued Name of Issuer Title of Issue by Charter Reserved Unissued or Sold (C-D-E) WPL Holdings, common, $0.01 par 100,000,000 30,788,593 Inc. Wisconsin common, $5 par 18,000,000 13,236,601 Power and Light Company 4.50% cum pref, 3,750,000 99,970 $100 par total preferred 4.80% cum pref, 74,912 $100 par 4.96% cum pref, 64,979 $100 par 4.40% cum pref, 29,957 $100 par 4.76% cum pref, 29,947 $100 par 6.20% cum pref, 150,000 $100 par 6.50% cum pref, no 599,460 par-$25 stated value common, $100 par 50,000 24,400 South Beloit Water, Gas and Electric Company
23 24
A B C D E F --- --- --- --- --- --- Interstate common, $3.50 par 30,000,000 9,763,413 Power Company 4.36% cum pref, 2,000,000 60,455 $50 par total preferred 4.68% cum pref, 55,926 $50 par 7.76% cum pref, 100,000 $50 par 6.40% cum pref, 545,000 $50 par cum preference, - $1 par IPC Development Interstate Power Co. of WI IES common, no par 48,000,000 1,132,890 30,671,499 Industries Inc. cum pref, no par 5,000,000 - IES Utilities common, $2.50 par 24,000,000 13,370,788 Inc. 4.8% cum pref, 146,406 146,406 $50 par 4.3% cum pref, 120,000 120,000 $50 par cum pref, $50 par 100,000 - cum preference, 700,000 - $100 par 6.1% cum pref, 100,000 100,000 $50 par IES Ventures Inc. common, no par 1,000,000 1,000 IES Midland Development common, no par 1,000,000 1,000 Inc. Unitrain Services (33%) Envirogas L.P. (50%) Alliant Services common, $.01 par 100 Company
24 25
A B C D E F --- --- --- --- --- --- AMW common, $.01 par 750 100 Acquisition Co. Alliant Industries, Inc. (33%) Norlight Limited Partnership Entra common, no par 100,000 1,000 Technologies Co. Marshfield Tower Hall Apts LP (99%)
25 26
A B C D E F --- --- --- --- --- --- HES,Inc.(Heartland Energy Services, Inc.) WPLH CT LLC (16.7%-AFS Inc. 83.3%-HPI) Cargill-IEC LLC (50%) ENSERV, Inc. common, no par 2,800 10 Heartland Development Corporation common, no par 2,800 257 IES Diversified common, no par 1,000,000 1,000 IES Energy common, no par 1,000,000 1,000 Inc. Whiting $0.11 par common 1,000 1,000 Petroleum $0.10 par common 100,000 Whiting $0.10 par common 1,000 100 Programs, Inc. WOK Acquisition $1.00 par common 1,000 1,000 Co. (Whiting Oklahoma)
26 27
A B C D E F --- --- --- --- --- --- Ely, Inc. P Series A 2,800,000.00 2,800,000 (69.4%) P Series B 5,700,000.00 3,645,875 Industrial common, $10 par 1,000,000 100,000 Energy Applications, Inc. IEA-HES LLC (100%) BFC Gas Co LLC (60%) IEA $0.10 par common 1,000 Delaware Inc. Rusk Co. Pipeline(Oakhill) JV(99%) IES common, no par 1,000,000 1,000 Transportation Inc. IEI Barge common, $100 par 500 314 Services, Inc IES Transfer common, no par 1,000,000 1,000 Services Inc. CRANDIC common, no par 1,000 1,000 Heartland common, $1 par 13,000 11,409 Rail Corp. (17.5%) IES common, no par 1,000,000 1,000 Investments Village common, $10.00 par 10,000 0 10 Lakeshares, Inc. Village Lakeshares LP(32.882%) Village Lakeshares LP(67.1187%) Iowa Land common, $100 par 2,500 2,000 and Bldg Co. Prairie Ridge Business Park LP (70%) McLeodUSA Inc. ---------------- ------ 8,777,600
27 28 A B C D E F - --- --- --- --- --- --- Center Place LP (28.6%) Blairs Ferry LP (MAHP) (89.2%) IES Investco Inc. common, no par 1,000,000 1,000 OSADA I LP(MAHP)(81.8%) 2001 Devel Corp(54.55%) 2002 Devel common, $10 par 10,000,000 1 Corp 2060 Partnership LP(80%) Center Place Ltd Partners(35.7%) 3001 LLC(50%) Atlantic Sundance Apt LP IES common, no par 1,000,000 1,000 International Inc. 7 7/8% pref, $50 par 1,000,000 IES Brazil Limitada(Brazil quotas 49,999 49,999 Co) Centelhra S.A. par value 1 real quotas 1,000 1,000 Brazil West Energy Limitada par value 1 real quotas 1,000 1,000 Interstate common 100,000 2 Energy Corp. PTE Ltd(Sing Co) ordinary S$1.00 par (one 100 100 Singapore dollar)
28 29 A B C D E F - --- --- --- --- --- --- Jiaxing JIES Power&Heat Co. Ltd(50%) TIES Power & Heat Co. Ltd. (50%) IES common, no par 1,000,000 1,000 Brazil (US Co) Grandelight common, $0.01 par 100,000 100,000 Holding Ltd.(BUI) PPIC(65%) Pacific Top International Corp.(BUI for Nz) Goldrock Int'l Inc(BUI for Brazil)
29 30 Turquoise Int'l Inc(BUI for Brazil)
30 31
A B C D E F ----- ----- ----- ----- ----- ----- Capital Square Financial same common, $0.10 par/share 10,000 100 Corp RMT of Ohio (48%) Residuals Management common, no par 100 48 Technology, Inc., Ohio RMT of Michigan, Inc. RMT, Inc., Michigan common, (par value not 100 100 indicated) Quality Environ Systems, same common, no par 100 100 Inc. RMT International, Inc. same common, (par value not 1,000 1,000 indicated) RMT Consulting Engineers, same common, no par 200 4 P.C. Enserv, Inc. same common, no par 2,800 10 REAC common, no par 2,800 100
31 32
A B C D E F ----- ----- ----- ----- ----- ----- WI River Power Co. (33.3%) common, $100 par/share 95,000 93,000 WI Valley Improvement Co. common, $10 par/share Not available 155,100 (12%) Heartland Environmental common, $1 par/share 45,000,000 1,985,746 Holding Company Heartland Environmental preferred, $1 par/share 5,000,000 0 Holding Company RMT of North Carolina common, no par 1,000 1,000 Jones & Neuse, Inc. common, $0.01 par/share 1,000 1,000 HEG, Inc. (Heartland common, $0.01 par 9,000 1,000 Energy Group, Inc.) Heartland Rail Corporation common, $1 par/share 13,000 11,428 (17.5%) ATLANTIC SUNDANCE APARTMENTS LP (49.995%)
32 33
A B C D E F ----- ----- ----- ----- ----- ----- Powerco Ltd. (9.82%) Central Power Ltd. (9.8%) IES New Zealand Ltd. ordinary 24,858,503 TransAlta New Zealand Ltd. ordinary, no par 1 Power New Zealand ordinary, no par 1 Bay of Plenty Electricity Ltd. ordinary, no par 1 EnerCo NZ Ltd. ordinary, no par 1 Natural Gas Corporation Holding Ltd. ordinary, no par 1 WEL Energy Group ordinary, NZ$0.01 500 Sawyer Finance Ltd. NZ ordinary, NZ$1 par/share 2 Trust Power 1 Peak Pacific Investment Company Pte. ordinary, US$1 par/share 0 249 Ltd. (PPIC) Non-voting preference A shares, US$1 204,075,000 3,332,839 par/share 833,093 83,317 Voting preference A shares, US$1 par/share 0 495 240 16 Non-voting preference B shares, US$1 40,825,000 849,751 par/share
33 34
A B C* D E F PAR VALUE AUTHORIZED - ------------------------------------------- --------- --------- --------- ------------ ----------- Heartland Asset Management, Inc. $ .10 10,000 10 (formerly Tool Kit Property Management Systems--name changed 8/22/95; see also Heartland Fund I formerly HAM) - ------------------------------------------- --------- --------- ------ Heartland Properties, Inc. No Par 2,800 100 - ------------------------------------------- --------- --------- ------ HAH-Antigo, Inc. (Station House) $ .10 10,000 10 - ------------------------------------------- --------- --------- ------
*All common stock on this page. 34 35
A B* C D E F - ------------------------------------------- --------- ---------- ------------- ----------- ------------- HAH-Antigo Depot, Inc. 1 $ .10 10,000 2 10 - ------------------------------------------- --------- --------- ------------ ------ HAH-Appleton, Inc. (Lincoln & Ravine) $ 1 10,000 1 1 - ------------------------------------------- --------- --------- ------------ ------ HAH-Appleton Phase II, Inc. $ .10 10,000 1 2 10 - ---------------------------------------------------------------------------------------- ------------- HAH-Beloit, Inc. (known as Heartland Equity Management as of 4/6/94) - ---------------------------------------------------------------------------------------- ------------- HAH-Berlin, Inc. (Whiting) $ 1 56,000 1 1 - ------------------------------------------- --------- --------- ------------ ------ HAH-Berlin North River, Inc. $ .10 10,000 1 2 10 - ------------------------------------------- --------- --------- ------------ ------ HAH-Berlin WPL, Inc. $ .10 10,000 1 2 10 - ------------------------------------------- --------- --------- ------------ ------ HAH-Columbus, Inc. (Colonial) $ .10 10,000 1 2 10 - ------------------------------------------- --------- --------- ------------ ------ HAH-Columbus Whitney, Inc. $ .10 10,000 1 2 10 - ---------------------------------------------------------------------------------------- ------------- HAH-Cudahy, Inc. (Dissolved 1/94) - ---------------------------------------------------------------------------------------- ------------- HAH-Cudahy II, Inc. (Dissolved 1/94) - ---------------------------------------------------------------------------------------- ------------- HAH-De Pere, Inc. $ .10 10,000 1 2 10 - ------------------------------------------- --------- --------- ------------ ------ HAH-Dells, Elroy, Hillsboro, Inc. $ 1 10,000 1 1 (inactive since creation) - ---------------------------------------------------------------------------------------- ------------- HAH-Eau Claire, Inc. (Dissolved) - ---------------------------------------------------------------------------------------- ------------- HAH-The Falconer, Inc. $ 1 56,000 1 1 - ------------------------------------------- --------- --------- ------------ ------ HAH-Fond du Lac Eldorado, Inc. $ .10 10,000 1 2 10 - ------------------------------------------- --------- --------- ------------ ------ HAH-Holmen, Inc. $ .10 10,000 1 10 - ---------------------------------------------------------------------------------------- ------------- HAH-Janesville I, Inc. (Dissolved 1/94) - ---------------------------------------------------------------------------------------- ------------- HAH-Janesville Jeffris Flats, Inc. $ 1 10,000 1 1 - ------------------------------------------- --------- --------- ------------ ------
35 *All are common stock on this page. 36
A B* C D E F --- --- --- --- --- --- AUTHORIZED - ------------------------------------------- --------- ---------- HAH-Janesville Wesley Ave., Inc. (Dissolved 1/94) - ------------------------------------------- --------- --------- ------ HAH-Kenosha Windsong, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Madison Fairwood Arms, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Madison Main Street, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Madison YWCA, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ HAH-Manitowoc, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Marinette, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Marshfield, Inc. (Woodlands) $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Marshfield Tower Hall, Inc. (known as Heartland Fund Management as of 8/1/94) - ------------------------------------------- --------- --------- ------ HAH-Marshfield Tower Hall II, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ HAH-Mayville, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-McFarland, Inc. (Cottages) $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Merrill, Inc. (now known as Heartland Direct Development) - ------------------------------------------- --------- --------- ------ HAH-Minnesota, Inc. (now known as Heartland-Sherman Avenue, Inc.) - ------------------------------------------- --------- --------- ------ HAH-Northland, Inc. (Manawa & Necedah) $ 1 56,000 1 - ------------------------------------------- --------- --------- ------ HAH-Oshkosh, Inc. (renamed to Heartland Asset Management and now known as Heartland Fund I) - ------------------------------------------- --------- --------- ------ HAH-Oregon, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Paddock Lake, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Pardeeville, Inc. (older adult $ .10 10,000 10 apartments) - ------------------------------------------- --------- --------- ------
36 * All are common stock on this page. 37
A B* C D E F --- --- --- --- --- --- - ------------------------------------------- --------- ---------- ------------- ----------- ------------- HAH-Pardeeville II, Inc. (family $ 1 10,000 1 apartments) - ------------------------------------------- --------- --------- ------ HAH-Platteville, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Plymouth, Inc. $ 1 56,000 1 - ------------------------------------------- --------- --------- ------ HAH-Port Edwards I, Inc. (older adult $ 1 10,000 1 apartments) - ------------------------------------------- --------- --------- ------ HAH-Port Edwards II, Inc. (family $ 1 10,000 1 apartments) - ------------------------------------------- --------- --------- ------ HAH-Portage, Inc. (Deer Run) $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Prairie du Chien, Inc. $ 1 56,000 1 (Liberty Place) - ------------------------------------------- --------- --------- ------ HAH-Prairie du Chien II, Inc. (Terrace $ .10 10,000 10 Gardens) - ------------------------------------------- --------- --------- ------ HAH-Reedsburg, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Ripon, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Sheboygan, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Sheboygan Balzer, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Sheboygan Falls, Inc. $ 1 56,000 1 - ------------------------------------------- --------- --------- ------ HAH-Sheboygan Jung, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Sheboygan Leverenz, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Sun Prairie, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------
37 * All are common stock on this page. 38
A B* C D E F --- --- --- --- --- --- HAH-Verona, Inc. $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Waupun, Inc. (Dissolved 1/94) - ------------------------------------------- --------- --------- ------ HAH-Wausau, Inc. (Village Square) $ .10 10,000 10 - ------------------------------------------- --------- --------- ------ HAH-Wausau City Walk, Inc. (Dissolved 1/94) - ------------------------------------------- --------- --------- ------ Heartland-Beech Grove, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ Heartland Capital Management Inc. $ 1 10,000 1 (guarantor for First Union permanent financing) - ------------------------------------------- --------- --------- ------ Heartland-DeKoven, Inc. (commercial & $ 1 10,000 1 historic rehab; see also H-Lake Oaks and H-Lake Oaks I) - ------------------------------------------- --------- --------- ------ Heartland Direct Development, Inc. $ .10 10,000 10 (formerly HAH-Merrill) - ------------------------------------------- --------- --------- ------ Heartland Equity Management, Inc. $ .10 10,000 10 (formerly HAH-Beloit) - ------------------------------------------- --------- --------- ------ Heartland Fund I, Inc. (formerly $ .10 10,000 10 HAH-Oshkosh and Heartland Asset Management) - ------------------------------------------- --------- --------- ------ Heartland Fund I-Cudahy III, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ Heartland Fund I-Delavan, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ Heartland Fund I-Eau Claire Oakwood, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ Heartland Fund I - Grand Chute, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ Heartland Fund I-Riverplace, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ Heartland Fund I-Sussex, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ Heartland Fund I-Waunakee, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------
38 *All are common stock on this page. 39
A B* C D E F - ------------------------------------------- --------- ---------- ------------- ----------- ------------- Heartland Fund IV-Beloit Burton, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ Heartland Fund IV-Racine Wilmanor, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ Heartland Fund Management, Inc. (inactive $ 1 10,000 1 as of 12/13/95; formerly HAH-Marshfield Tower Hall) - ------------------------------------------- --------- --------- ------ Heartland-Lake Oaks, Inc. (tax credit new $ 1 10,000 1 construction) - ------------------------------------------- --------- --------- ------ Heartland Lake Oaks I, Inc. (non-tax $ 1 10,000 1 credit rehab) - ------------------------------------------- --------- --------- ------ Heartland-Landings, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ Heartland-McFarland WB, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ Heartland-Pheasant Glen, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ Heartland Retirement Services, Inc. (SOLD CORPORATION AS WHOLE?) - ------------------------------------------- --------- --------- ------ Heartland-Sherman Avenue, Inc. (inactive $ .10 10,000 10 as of 12/31/96--formerly HAH-Minnesota) - ------------------------------------------- --------- --------- ------ Heartland Special Limited, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ Heartland-Timber Trails, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------ Heartland Water Tower, Inc. $ 1 10,000 1 - ------------------------------------------- --------- --------- ------
*All are common stock on this page. 39 40 CONTINGENT LIABILITIES (c) A brief outline of the nature and amount of each contingent liability on account of endorsement or other guarantees of any securities. Information about the nature and amount of each contingent liability of IEC and its subsidiaries can be found in the following documents, which are attached here to as Exhibits F-1, F-2 and F-3, respectively: Note 11 to Item 8 of the Annual Report of WPLH on Form 10-K for the period ending December 31, 1997 (File No. 1-9894); Note 13 to Item 8 of the Annual Report of IESI on Form 10-K for the period ending December 31, 1997 (File No. 1-9187); and Note 9 to Item 8 of the Annual Report of IPC on Form 1-K for the period ending December 31, 1997 (File No. 2-3632). OTHER SECURITIES (d) A statement of the amount of warrants, rights or options and of any class of securities of the registrant and subsidiary companies not elsewhere herein described which is outstanding and/or authorized. A brief description of the provisions thereof should be included. Information need not be set forth under this item as to notes, drafts, bills of exchange or bankers' acceptances which mature within nine months. Information with respect to IEC's Long Term Equity Incentive Plan includes the following: INVESTMENTS IN SYSTEM SECURITIES 9. Give a tabulation showing the principal amount, par or stated value, the cost to the system company originally acquiring such security, and the number of shares or units, of each security described under Item 8 that is held by the registrant and by each subsidiary company thereof as the record (or beneficial) owner, and the amounts at which the same are carried on the books of each such owner. This information should be given as of the same date as the information furnished in answer to Item 8. As of March 31, 1998 (i) Interstate Energy Corporation Long-Term Equity Incentive Plan (incorporated by reference to Exhibit 4.1 to Interstate Energy Corporation's Quarterly Report on Form 10-Q for the quarter ended June 30, 1994). (ii) Rights Agreement, dated February 22, 1989, between Interstate Energy Corporation (f/k/a WPL Holdings, Inc.) and Morgan Shareholder Services Trust Company (incorporated by reference to Exhibit 4 to Interstate Energy Corporation's Current Report on Form 8-K, dated February 27, 1989). (iii) Interstate Energy Corporation Shareowner Direct Plan* (incorporated by reference to Interstate Energy Corporation's Registration Statement on Form S-3 (Registration No. 333-26627)). * Note that the DRSPP is part of the prospectus; there is no separate plan document. (iv) Interstate Energy Corporation 401(k) Savings Plan (incorporated by reference to Exhibit 4.1 to Interstate Energy Corporation's Registration Statement on Form S-8 (Registration No. 333-46735)). 40 41 INTERSTATE ENERGY CORPORATION* The following identifies the carrying values (interpreted as the investment balances) of subsidiaries at March 31, 1998: IES INDUSTRIES INC. IES Utilities Inc. 543,115,837 100% IES Diversified Inc. 106,647,317 100% 649,763,154 WPL HOLDINGS INC. Wisconsin Power and Light Company 587,923,389 100% Heartland Development Corporation 51,593,702 100% 639,517,091 INTERSTATE POWER COMPANY IPC Development 2,163,233 Interstate Power Company of Wisconsin IES UTILITIES INC. IES Ventures Inc. 308,466 Unitrain Services 20,623 EnviroGas LP 5,039 IES VENTURES INC. IES Midland Development Inc. 4,859,412 IES DIVERSIFIED INC. IES Energy Inc. 55,396,040 100% IES Transportation Inc. 12,518,903 100% IES Investments Inc. 47,093,612 100% IES International Inc. (3,297,247) 100% 111,711,308 HEARTLAND DEVELOPMENT CORPORATION Capital Square Financial Corporation 7,932,193 100% Heartland Environmental Holding Company 15,456,915 100%
* For information regarding the principal amount, the per or stated value and the number of shares or units, please refer to listings in previous section 8(b) of this form "Capital Stock." 41 42 Heartland Energy Group, Inc. (2,244,818) 100% Heartland Energy Services, Inc. (4,580,963) 100% ENSERV, Inc. 373,373 100% Heartland Properties, Inc. 37,469,696 100% 54,406,396 IES TRANSPORTATION INC. IEI Barge Services Inc. 2,013,441 75% IES Transfer Services Inc. 241,233 100% Cedar Rapids and Iowa City Railway Company 10,097,404 100% Heartland Rail Corporation - 18% 12,352,078 IES ENERGY INC. Whiting Petroleum Corporation 42,559,680 100% Ely, Inc. 92,764 69% Industrial Energy Applications Inc. 11,907,613 100% 54,560,057 INDUSTRIAL ENERGY APPLICATIONS, INC. IEA-HES LLC 1,808,476 50% BFC Gas Co. LLC 3,538,091 51% IEA Delaware Inc. 9,190,993 100% 14,537,560 IEA DELAWARE INC. Rusk Co. Pipeline Joint Venture 9,190,993 99% IES INVESTMENTS INC. Village Lakeshares Inc. 3,569,276 100% Iowa Land and Building Company 3,143,755 100% Prairie Ridge Business Park, L.P. 740,606 70% Center Place Limited Partnership 26,626 29% IES Investco Inc. 549,357 100% 2001 Development Corporation 3,860,858 55% Blairs Ferry Limited Partnership 434,235 89% OSADA I Limited Partnership 1,540,250 82% Iowa Venture Capital Fund 67,953 N/A Atlantic Sundance Apartments, L.P. 957,458 N/A McLeodUSA, Inc. 431,934,442 14% 446,824,816 2001 DEVELOPMENT CORPORATION 2002 Development Corporation 93,676 100% 2060 Limited Partnership 1,779,705 80% Center Place Limited Partnership 170,004 36%
42 43 3001 LLC. 1,909,699 50% 2,043,385 IES INTERNATIONAL INC. Interstate Energy Corporation PTE Ltd. 22,959,427 100% IES New Zealand Ltd. 21,507,765 100% IES Brazil Limitada - 100% IES Brazil - 100% Centelha S.A. 100% Brazil West Energy Limiteda 100% Pacific Top International Corporation - 100% Goldrock International Inc. - 100% Turquoise International Inc. - 100% Grandlight Holding Ltd. 4,241,071 100% 48,708,263 IEC PTE LTD. Jiaxing JIES Power & Heat Co., Ltd. 12,508,773 50% Tongxiang TIES Power & Heat Co., Ltd. 7,274,278 50% 19,783,051 IES NEW ZEALAND LTD. Powerco Limited 15,261,468 9% Central Power Limited 7,794,423 10% TransAlta New Zealand Ltd. 1,153 0% Power New Zealand 3,616 0% Bay of Plenty Elec. Ltd. 4,180 0% EnerCo NZ Ltd. 3,443 0% Natural Gas Corp. Holdings Ltd. 1,382 0% WEL Energy Group 3,968 0% 23,055,891 GRANDELIGHT HOLDING COMPANY Peak Pacific IC 4,241,071 65%
CAPITAL SQUARE FINANCIAL CORPORATION Norlight Limited Partnership 33%
HEARTLAND PROPERTIES, INC. WPLH Commodities Trading LLC. 4,406,064 83% Marshfield Tower Hall Apartments, L.P. 11,086 1% Numerous low-income housing projects
HEARTLAND ENVIRONMENTAL HOLDING COMPANY 43 44 RMT, Inc. 100% Entra Technologies Co. 100% RMT, INC. RMT of Ohio 48% RMT of North Carolina, Inc. 100% RMT of Michigan, Inc. 100% Jones & Neuse, Inc. 100% Quality Environmental Systems, Inc. 100% RMT International Inc. 100% Marshfield Tower Hall Apartments, L.P. 1,097,513 99% HEARTLAND ENERGY GROUP, INC. IEA-HES LLC. 1,808,476 50% HEARTLAND ENERGY SERVICES, INC. WPLH Commodities Trading LLC. (74,853) 17% WPLH COMMODITIES TRADING LLC. Cargill-IEC LLC 4,352,770 50%
44 45 WISCONSIN POWER AND LIGHT INVESTMENTS AS OF MARCH 31, 1998
Number of Ownership Par Value Original Cost Shares Carrying Value Interest per Share of Investment Held as of 3/31/98 -------- --------- ------------- --------- -------------- South Beloit Water Gas and Electric 100% 100 (a) 24,400 $2,440,000.00 REAC 100% 100 $124,802.03 100 ($469,368.37) Wisconsin River Power 33% 100 (a) 31,000 $5,254,048.67 Wisconsin Valley Improvement 13% 10 (a) 18,612 $186,120.00(b)
(a) Information is not available due to age of investment. (b) Corporation was dissolved on 6/30/98. (c) Charter date 45 46 INVESTMENTS IN OTHER COMPANIES 10. Give a tabulation showing all investments of the registrant and of each subsidiary thereof in holding companies and in public utility companies which are not subsidiary companies of the registrant. Also show all other investments of the registrant and of each subsidiary thereof in the securities of any other enterprise, if the book value of the investment in any such enterprise exceeds 2% of the total debit accounts shown on the balance sheet of the company owning such investment or an amount in excess of $25,000 (whichever amount is the lesser). Give principal amount and number of shares or units and the cost of each issue of such securities to the system company originally acquiring such security, and amount at which carried on the books of the owner. List all such securities pledged as collateral for loans or other obligations and identify loans and obligations for which pledged. This information should be given as of the same date as the information furnished in answer to Item 8. By permission of the Staff, Items 10(a) and (b) include only investments where the book value of the investment exceeds the greater of (i) 2% of the total debit accounts shown on the balance sheet of the company owning such investment and (ii) an amount in excess of $25,000.) (a) Investments of the registrant and of each subsidiary thereof in holding companies and in public utility companies which are not subsidiary companies of the registrant:
As of March 31, 1998 - ------------------------------------------------------------------------------------------------------------- Name of Name of Description Number of Principal Amount/ Carrying Amt. Pledged Owner Enterprise of Securities Shares/Units Original Cost Value As Collateral - ------- ---------- ------------- ------------ ----------------- --------- -------------
(b) Investments of the registrant and of each subsidiary thereof in the securities of other enterprises: {the following is an example} 46 47 DLJ MERCHANT BANKING PARTNERS, L.P. DLJMB OVERSEAS PARTNERS, C.V. PORTFOLIO VALUATION SUMMARY MARCH 31, 1998 IES INVESTCO INC.
Your Amount Remaining of Your Carrying Investment Value (1) ------------ ------------ BCP/Essex Holdings, Inc. $ 146,036 $ -- Evergreen Media Corporation 203,454 -- Hampshire Holdings Corporation 56,832 -- Nimbus CD International, Inc. 75,939 -- Argyle Television Holdings, Inc. 234,169 -- OSi Specialties Holding Company 176,931 -- NACOLAH Holding Corporation 47,848 -- Coastal Capital Funding Corporation 345,958 -- Cambridge Industries Group 235,337 -- IVAC Holdings, Inc. 209,192 -- SDW Holdings Corporation 339,938 -- Total Renal Care, Inc. 54,913 -- Katz Media Group, Inc. 209,193 -- Fiberite Holdings, Inc. 164,434 -- ------------ ------------ ------------ ------------ PARTIALLY REALIZED OSF Holding, Inc. 142,896 17,990 Doane Products Company 130,503 44,980 Jitney-Jungle Stores of America, Inc. 148,258 14,284 Guitar Center Management Co., Inc. 101,983 27,131 Nebco Evans Holdings, Inc. 114,729 22,990 Brand Scaffolding, Inc. 134,045 44,682 ------------ ------------ ------------ ------------ UNREALIZED EZ Buy & EZ Sell Recycler 111,394 111,394 Corporation Speciality Foods Acquisition 48,102 9,620 Corporation Phase Metrics, Inc. 118,016 139,036 Terra Nova Group (2) 179,662 225,537 Manufacturers' Services Limited 391,886 391,886 Mallory Limitada (2) 108,128 31,701 McCulloch Corporation 271,178 271,178 Ceramica Zanon S.A. (2) 72,654 72,654 PT. Putra Surya Multifinance (2) 128,742 30,258 CommVault Systems, Inc. 134,822 134,822 OHA Financial, Inc. 133,095 147,993 ------------ ------------ ------------ ------------ ============ ============
47 48 IES INVESTMENTS INC. INVESTMENT IN IOWA VENTURE CAPITAL FUND CADSI Composite Technologies Corp. Great Midwestern Ice Cream Co. J-TEC Associates Inc. Kilpom Photo Products, Inc. Monitronics International, Inc. The TDJ Group, Inc. Tubetech, Inc. 48 49 CAPITAL SQUARE FINANCIAL CORPORATION AND HEARTLAND PROPERTIES, INC. AFFILIATED LIMITED PARTNERSHIP/JOINT VENTURE (There are 40 Partnership Affiliates + 3 "tax treatment joint ventures")
PARTNERSHIP NAME AND ORIGINAL CARRYING PARTNERS INVESTMENT VALUE - --------------------------------------------------------------------------------- ---------- -------- 641 WEST MAIN STREET LIMITED PARTNERSHIP THE AFFORDABLE HOUSING FUND I, A WISCONSIN LIMITED PARTNERSHIP ATLANTIC SUNDANCE APARTMENTS, LIMITED PARTNERSHIP THE AVENUE LIMITED PARTNERSHIP OF WISCONSIN BARLOW FREDERIKSON LIMITED PARTNERSHIP BELOIT SRO LIMITED PARTNERSHIP
49 50
PARTNERSHIP NAME AND ORIGINAL CARRYING PARTNERS INVESTMENT VALUE - --------------------------------------------------------------------------------- ---------- -------- CHIPPEWA FALLS AFFORDABLE HOUSING LIMITED PARTNERSHIP 12/29/89 CHURCHMAN WOODS SENIOR APARTMENTS, L.P. 11/8/93 CUDAHY II ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP 11/3/93 DRYDEN DRIVE LIMITED PARTNERSHIP 10/12/88 EAU CLAIRE LONDON SQUARE ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP 12/3/93 "THE FALCONER JOINT VENTURE" N/A GURNEE HOUSING ASSOCIATES, L.P. 11/16/93
50 51
PARTNERSHIP NAME AND ORIGINAL CARRYING PARTNERS INVESTMENT VALUE - -------------------------------------------------------------------- ---------- --------- HEARTLAND AFFORDABLE HOUSING-APPLETON PHASE II JOINT VENTURE HEARTLAND PROPERTIES EQUITY INVESTMENT FUND I, A WISCONSIN LIMITED PARTNERSHIP HIGHLAND MANOR, L.P. HISTORIC ELDORADO ASSOCIATES LIMITED PARTNERSHIP HISTORIC LINCOLN MILL ASSOCIATES LIMITED PARTNERSHIP HISTORIC RAVINE MILL ASSOCIATES LIMITED PARTNERSHIP HOUSING PARTNERSHIP OF LAFAYETTE, LP
51 52
PARTNERSHIP NAME AND ORIGINAL CARRYING PARTNERS INVESTMENT VALUE - -------------------------------------------------------------------- ---------- --------- INDIANA HOUSING EQUITY FUND, L.P. JANESVILLE JEFFRIS FLATS AFFORDABLE HOUSING LIMITED PARTNERSHIP, A WISCONSIN LIMITED PARTNERSHIP JANESVILLE KELLOGG ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP JANESVILLE WESLEY ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP KENOSHA AFFORDABLE HOUSING ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP LOGANSPORT HOUSING ASSOCIATES, L.P. MARSHFIELD TOWER HALL ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP
52 53
PARTNERSHIP NAME AND ORIGINAL CARRYING PARTNERS INVESTMENT VALUE - -------------------------------------------------------------------- ---------- --------- MILL VIEW APARTMENTS LIMITED PARTNERSHIP NORLIGHT (A WI GENERAL PARTNERSHIP) NORTHLAND MANAWA APARTMENTS LIMITED PARTNERSHIP NORTHLAND NECEDAH APARTMENT LIMITED PARTNERSHIP ORCHARD PLACE LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP PHEASANT RUN APARTMENTS LIMITED PARTNERSHIP "PLYMOUTH COMMUNITY HOUSING JOINT VENTURE" RIVERVIEW POINTE LIMITED PARTNERSHIP, A LIMITED DIVIDEND HOUSING ASSOCIATION
53 54
PARTNERSHIP NAME AND ORIGINAL CARRYING PARTNERS INVESTMENT VALUE - --------------------------------------------------------------------------------- ---------- -------- "SHEBOYGAN COMMUNITY HOUSING JOINT VENTURE" STATION HOUSE LIMITED PARTNERSHIP VILLAGE PLAZA APARTMENTS LIMITED PARTNERSHIP WAUPUN LINCOLN SCHOOL ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP WAUSAU CITY WALK ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP WILLIAMSTOWN BAY-CUDAHY LIMITED PARTNERSHIP YWCA HOUSING JOINT VENTURE YWCA HOUSING LIMITED PARTNERSHIP
54 55 INDEBTEDNESS OF SYSTEM COMPANIES 11. List each indebtedness of the registrant and of each subsidiary company thereof (other than indebtedness reported under Item 8, but as of the same date) where the aggregate debt owed by any such company to any one person exceeds $25,000 or an amount exceeding 2% of the total of the debit accounts shown on the balance sheet of the debtor (which amount is the lesser) but not including any case in which such aggregate indebtedness is less than $5,000, and give the following additional information as to each such indebtedness: (Note: By permission of the staff, this item includes only indebtedness where the aggregate debt owed by any such company to any one person exceeds the greater of: (i) $25,000 and (ii) an amount exceeding 2% of the total of the debit accounts shown on the balance sheet of the debtor.) 55 56 (a) Debts owed to associate companies at March 31, 1998: INTERSTATE ENERGY CORPORATION The following table provides intercompany receivables/payables as of March 31, 1998:
Name of Name of Amount Rate of Date of Debtor Creditor Owed Interest Maturity - ---------------------------------------------------- ------------------------------------------ ---------- -------- -------- 2002 Development Corporation (2002) 2001 Development Corporation (2001) 461,649 N/A N/A 2060 Limited Partnership (2060) 2001 Development Corporation (2001) 1,092,553 N/A N/A 2060 Limited Partnership (2060) IES Investments Inc. (INVESTMENTS) 1,071,791 N/A N/A Capital Square Financial Corporation (Cap Square) Heartland Development Corporation (HDC) 1,818 N/A N/A Cedar Rapids and Iowa City Railway Company (CRANDIC) IES Industries Inc. (Industries) 622,078 N/A N/A Cedar Rapids and Iowa City Railway Company (CRANDIC) IES Transportation Inc. (Transportation) 40,546 N/A N/A Ely, Inc. (Ely) IES Industries Inc. (Industries) 27 N/A N/A Heartland Development Corporation (HDC) Wisconsin Power and Light Company (WPL) 272,189 N/A N/A Heartland Energy Group, Inc. (HEG) Heartland Development Corporation (HDC) 52,441 N/A N/A Heartland Energy Services, Inc. (HES) Heartland Development Corporation (HDC) 67 N/A N/A Heartland Properties, Inc. (HPI) Capital Square Financial Corporation (Cap 1,754,453 N/A N/A Square) Heartland Properties, Inc. (HPI) Heartland Development Corporation (HDC) 36,267 N/A N/A Heartland Properties, Inc. (HPI) Wisconsin Power and Light Company (WPL) 18,642 N/A N/A IEA-HES L.L.C. (IEA-HES) Heartland Development Corporation (HDC) 4,137 N/A N/A IEA-HES L.L.C. (IEA-HES) Whiting Petroleum Corporation (WPC) 390,480 N/A N/A IEI Barge Services Inc. (Barge) IES Industries Inc. (Industries) 2,696 N/A N/A IEI Barge Services Inc. (Barge) IES Utilities Inc. (Utilities) 2,572 N/A N/A IEI Barge Services Inc. (Barge) IES Transportation Inc. (Transportation) 14,605 N/A N/A IES Diversified Inc. (Diversified) IES Utilities Inc. (Utilities) 491,451 N/A N/A IES Industries Inc. (Industries) IES Diversified Inc. (Diversified) 1,090,341 N/A N/A IES Industries Inc. (Industries) IES Ventures Inc. (Ventures) 687 N/A N/A IES Industries Inc. (Industries) IES Midland Development Corporation 65,077 N/A N/A (Midland) IES Industries Inc. (Industries) IES Transfer Services Inc. (TRANSFER) 1,391 N/A N/A IES Industries Inc. (Industries) IES Investments Inc. (INVESTMENTS) 2,186,561 N/A N/A IES Industries Inc. (Industries) Iowa Land & Building Company (ILBC) 391,609 N/A N/A IES International Inc. (International) IES Industries Inc. (Industries) 1,689,479 N/A N/A IES Investco Inc. (Investco) IES Industries Inc. (Industries) 144,040 N/A N/A IES New Zealand Ltd. (New Zealand) IES Industries Inc. (Industries) 158,143 N/A N/A IES New Zealand Ltd. (New Zealand) IES International Inc. (INTERNATIONAL) 2,003,815 N/A N/A IES Transfer Services Inc. (TRANSFER) Cedar Rapids and Iowa City Railway 4,035 N/A N/A Company (CRANDIC) IES Transfer Services Inc. (TRANSFER) IES Utilities Inc. (Utilities) 26,694 N/A N/A IES Transfer Services Inc. (TRANSFER) IES Transportation Inc. (Transportation) 1,401 N/A N/A IES Transportation Inc. (Transportation) IES Utilities Inc. (Utilities) 47,535 N/A N/A IES Utilities Inc. (Utilities) Cedar Rapids and Iowa City Railway 833,250 N/A N/A Company (CRANDIC) IES Utilities Inc. (Utilities) Industrial Energy Applications Inc. (IEA) 187,531 N/A N/A IES Utilities Inc. (Utilities) IES Industries Inc. (Industries) (1)13,789,806 N/A N/A IES Utilities Inc. (Utilities) Iowa Land & Building Company (ILBC) 28,487 N/A N/A IES Utilities Inc. (Utilities) IES Midland Development Corporation 291,209 N/A N/A (Midland) IES Utilities Inc. (Utilities) IES Ventures Inc. (Ventures) 227,991 N/A N/A Industrial Energy Applications Inc. (IEA) IES Industries Inc. (Industries) 362,700 N/A N/A Industrial Energy Applications Inc. (IEA) IEA-HES L.L.C. (IEA-HES) 317,457 N/A N/A Interstate Power Company (IPC) IES Industries Inc. (Industries) 22,442 N/A N/A Interstate Power Company (IPC) IES Utilities Inc. (Utilities) 11,663 N/A N/A Iowa Land & Building Company (ILBC) IES Diversified Inc. (Diversified) 140,712 N/A N/A Marshfield Tower Hall Apartments, L.P. (MTH) Heartland Development Corporation (HDC) 262,299 N/A N/A Marshfield Tower Hall Apartments, L.P. (MTH) Heartland Properties, Inc. (HPI) 301,447 N/A N/A Prairie Ridge Business Park, L.P. (PRAIRIE RIDGE) IES Utilities Inc. (Utilities) 87 N/A N/A RMT, Inc. (RMT) Heartland Development Corporation (HDC) 373,428 N/A N/A RMT, Inc. (RMT) Heartland Properties, Inc. (HPI) 456,653 N/A N/A RMT, Inc. (RMT) Marshfield Tower Hall Apartments, L.P. 828,882 N/A N/A (MTH) RMT, Inc. (RMT) Wisconsin Power and Light Company (WPL) 1,588 N/A N/A South Beloit Water, Gas and Electric Company Wisconsin Power and Light Company (WPL) 737,171 N/A N/A Whiting Petroleum Corporation (WPC) IES Industries Inc. (Industries) 1,221,296 N/A N/A Whiting Petroleum Corporation (WPC) IES Utilities Inc. (Utilities) 776 N/A N/A Wisconsin Power & Light Company (WPL) IES Industries Inc. (Industries) 28,643 N/A N/A Wisconsin Power & Light Company (WPL) IES Utilities Inc. (Utilities) 12,796 N/A N/A WPL Holdings, Inc. (WPLH) Marshfield Tower Hall Apartments, L.P. 71,164 N/A N/A (MTH) WPL Holdings, Inc. (WPLH) Wisconsin Power and Light Company (WPL) 597,022 N/A N/A
(1) Includes $14,000,000 as dividends owed from IES Utilities Inc. to IES Industries Inc. 56 57 INTERSTATE ENERGY CORPORATION The following table provides intercompany debt as of March 31, 1998:
Name of Name of Amount Rate of Date of Debtor Creditor Owed Interest Maturity - ---------------------------------------------------- ------------------------------------------ ---------- -------- -------- Heartland Development Corporation (HDC) WPL Holdings, Inc. (WPLH) 11,832,993 7.50% N/A Capital Square Financial Corporation (Cap Square) WPL Holdings, Inc. (WPLH) 12,774,998 7.50% N/A Heartland Energy Group, Inc. (HEG) Heartland Development Corporation (HDC) 3,777,467 7.50% N/A Heartland Energy Services, Inc. (HES) Heartland Development Corporation (HDC) 5,024,943 7.50% N/A Heartland Properties, Inc. (HPI) WPL Holdings, Inc. (WPLH) 7,210,429 7.50% N/A WPL Holdings Commodities Trading (WPLHCT) Heartland Development Corporation (HDC) 91,053 7.50% N/A IES Transportation Inc. (Transportation) IES Diversified Inc. (Diversified) 9,494 7.00% N/A Cedar Rapids and Iowa City Railway Company (CRANDIC) IES Diversified Inc. (Diversified) 15,103,085 7.00% N/A IEI Barge Services Inc. (BARGE) IES Diversified Inc. (Diversified) 5,500,000 9.00% N/A IES Diversified Inc. (Diversified) IEI Barge Services Inc. (BARGE) 235,222 9.00% N/A IES Transfer Services Inc. (TRANSFER) IES Diversified Inc. (Diversified) 456,523 7.00% N/A Industrial Energy Applications Inc. (IEA) IES Diversified Inc. (Diversified) 26,818,774 7.00% N/A IES Diversified Inc. (Diversified) IEA-HES L.L.C. (IEA-HES) 3,023,378 7.00% N/A Whiting Petroleum Corporation (WPC) IES Diversified Inc. (Diversified) 77,659,282 7.00% N/A IES Investments Inc. (INVESTMENTS) IES Diversified Inc. (Diversified) 25,278,907 7.00% N/A Iowa Land & Building Company (ILBC) IES Diversified Inc. (Diversified) 6,207,036 7.00% N/A Heartland Development Corporation (HDC) RMT, Inc. (RMT) 4,028,656 7.50% N/A Marshfield Tower Hall Apartments, L.P. (MTH) Heartland Development Corporation (HDC) 226,339 7.50% N/A Heartland Environmental Holding Company (HEHC) Heartland Development Corporation (HDC) 2,028,961 7.50% N/A Entra Heartland Development Corporation (HDC) 533,026 7.50% N/A Quality Environmental Systems, Inc. (QES) Heartland Development Corporation (HDC) 286,716 7.50% N/A IES Industries Inc. (Industries) IES Diversified Inc. (Diversified) 6,259,317 7.50% N/A IES Investco Inc. (INVESTCO) IES Diversified Inc. (Diversified) 1,125,608 7.00% N/A Village Lakeshares Inc. (LAKESHARES) IES Diversified Inc. (Diversified) 7,882,472 7.00% N/A IES Diversified Inc. (Diversified) Prairie Ridge Business Park, L.P. 8,096 9.00% N/A (PRAIRIE RIDGE) IES International Inc. (INTERNATIONAL) IES Diversified Inc. (Diversified) 36,062,221 7.00% N/A
Additional information relating to debts of the registrant and subsidiary companies thereof owed to associate companies is set forth in an Application-Declaration on Form U-1 filed by Interstate Energy Corporation in connection with certain proposed short-term borrowing and money pool arrangements. 57 58 (b) Debts owed to others at March 31, 1998: OMITTED BY PERMISSION OF THE STAFF. PRINCIPAL LEASES 12. Describe briefly the principal features of each lease (omitting oil and gas leases) to which the registrant or any subsidiary company thereof is a party, which involves rental at an annual rate of more than $50,000 or an amount exceeding 1% of the annual gross operating revenue of such party to said lease during its last fiscal year (whichever of such sums is the lesser) but not including any lease involving rental at a rate of less than $5,000 per year. By permission of the staff, this item includes only leases which involve rental at an annual rate of the greater of (i) $50,000 and (ii) an amount exceeding 1% of the annual gross operating revenue of such party to said lease during its last fiscal year. LEASES
Lessee Lessor Description Amount - ------ ------------------------------------- --------------------------------------------- ------------- IES Arnold Fuel, Inc. Nuclear Fuel 16,600,000 IES EDS Credit Corporation Computer and Communication Equipment 2,292,680 IES IES Utilities Trust Office Rent 1,458,609 IES Xerox Corporation Office Equipment 290,070 IES IPC Substation and Transmission Facilities 285,443 IES MidAmerican Energy Corporation Substation and Transmission Facilities 265,115 IES Corn Belt Cooperative Substation and Transmission Facilities 172,268 IES Iowa Department of Natural Resources Land Rent 170,170 IES Resale Power Group of Iowa Transmission Facilities 125,988 IES First Security Bank of Utah Land Rent 73,479 IES Kenwood Records Business Records Storage 52,453 WPL Technical & Scientific Applications Workstation Rental 55,704.00 WPL Wisconsin Public Service Corp. Aurora Substation 57,096.00 WPL Adams-Columbia Electric Corp. Wheeling 57,548.02 WPL Wellington Properties Trust Apartment Rental, Parking, Furniture 79,896.00 WPL Water Works & Lighting Transmission Lease - Substation Leasing 121,576.77 WPL Northern States Power Co. Arpin Substation 311,225.00 WPL Portland General Electric Comp Railcar Lease 352,728.00 WPL Sun Prairie Water Transmission Lease - Reiner Road 76,020.60 WPL Columbia Scraper Rental 56,180.00 WPL Burlington Northern Railroad Unit Train Lease 62,605.06 WPL Aloha Leasing Copy Equipment 55,373.76 WPL Konica Business Machines Copy Equipment 177,147.79 WPL Comdisco Disaster Recovery - Mainframe 109,270.90 WPL Telephone Pole Rental 205,603.99 WPL BOT Financial Columbia Unit Train 1,158,282.00 WPL CIT Group Columbia Unit Train 334,800.00 WPL BOT Financial Edgewater Unit Train 1,563,186.00 WPL MRC Rail Services Prairie Creek Unit Train 690,795.00 WPL Citicorp Prairie Creek Unit Train 825,000.00 WPL GATX Sutherland 483,600.00 WPL The CIT Group Unit Train Lease 397,988.08 WPL Unitrain Inc. Unit Train Lease 282,138.83
58 59 WPL City of Madison Parking - Civic Center 96,900.00 WPL Hovde Bldg LLC Parking - Hovde Building 51,720.00 WPL Dane County Parking 129,960.00 WPL West Washington Associates LLC Parking - Madison General Office 270,567.84 WPL Lot 6 Joint Venture II Annex 2 Warehouse 50,888.88 WPL Kurt Brose Local Office - Beloit 58,900.20 WPL One Parker Place, Partnership Customer Service Center & Dispatch - Janesville 152,232.48 WPL Evergreen Joint Venture I Annex 1 Warehouse 171,135.00 WPL Hovde Bldg LLC Hovde Building Lease 302,668.14 WPL West Washington Associates LLC Madison General Office Lease 1,887,693.65 IPC First National Bank of Maryland Lease of Coal Dozers 206,580.00 IPC IBM Lease of IBM Hardware and Software 187,173.00 IPC Dome Pipeline Corporation Lease of Pipeline Crossing Mississippi River 120,000.00
HDC Wisconsin Power & Light Office Space 59,948 HDC Clairmont, Ltd. Office Space 207,470 HEG Bank One Building Office Space 78,994 HPI Meriter Office Space 141,978 HEHC Trizec Office Space 68,888 HEHC The Plymouth Woods Office Space 78,042 HEHC Miller Investments Office Space 71,280 HEHC National Plaza III Office Space 90,082 HEHC Seymour Logan Office Space 59,083 HEHC Great Lakes Reit Office Space 103,073 HEHC Highland Industrial Property Office Space 163,054 HEHC Caine Co Office Space 380,325 HEHC Centennial Office Space 60,689 HEHC Five Oaks Office Space 125,750 HEHC RS Property Fund Office Space 494,044 HEHC Atrium 10 Tower Office Space 79,211 HEHC Ares, Inc(WHMNY Real Estate) Office Space 57,510 HEHC Winthrop Computer Equipment 1,176,772 HEHC Xerox Copiers 84,848
SECURITIES SOLD 13. If, during the last five years, the registrant or any subsidiary company thereof has issued, sold or exchanged either publicly or privately any securities having a principal amount, par, stated or declared value exceeding $1,000,000 or exceeding an amount equal to 10% of the total liabilities as shown by the balance sheet of issuer at the time of such issue (whichever of such sums is the lesser), give the following information with respect to each such issue or sale: (Note: By permission of the staff, this item includes only issuances, sales and exchanges of securities with a principal amount, par, stated or declared value exceeding the greater of (i) $1,000,000 and (ii) an amount equal to 10% of the total liabilities as shown by the balance sheet of issuer at the time of such issue.) 59 60 IPC SECURITIES SOLD 1/1/93-12/31/97
PROCEEDS RECEIVED APPROXIMATE NAME OF PRINCIPAL UNDERWRITERS AMOUNT ISSUED BY ISSUER PER $100 EXPENSES OF UNDERWRITERS INITIAL TITLE OF ISSUE OR SOLD (BEFORE EXPENSES) ISSUER PER $100 OR PURCHASERS OFFERING PRICE First Mortgage Bonds a) 7 5/8% Series $94,000,000 $97.673 $0.315 Salomon Brothers, Inc. 98.126% Pollution Control Bonds a) 6.35% Clinton 1994-A 5,650,000 100.000 2.500 Smith Barney Shearson 100.000% b) 6.30% Lansing 1994-A 5,600,000 100.000 2.500 Smith Barney Shearson 100.000% c) 6.25% Clinton 1994-B 1,000,000 100.000 2.500 Smith Barney Shearson 100.000% d) 5.75% Lansing 1994-B 1,000,000 100.000 2.500 Smith Barney Shearson 100.000% Preferred Stock a) 6.40% 545,000 shares 27,250,000 92.112 0.425 Lehman Brothers 100.000% Common Stock a) DRP only* 463,073 NA NA NA NA
WPL SECURITIES SOLD 1/1/93-12/31/97
PROCEEDS RECEIVED APPROXIMATE NAME OF PRINCIPAL UNDERWRITERS AMOUNT ISSUED BY ISSUER PER $100 EXPENSES OF UNDERWRITERS INITIAL TITLE OF ISSUE OR SOLD (BEFORE EXPENSES) ISSUER PER $100 OR PURCHASERS OFFERING PRICE 7% Debentures $105,000,000 $99.065 $0.183 Merrill Lynch & Co. $99.715 6.20% Preferred Stock $ 15,000,000 $99.125 $0.437 Goldman, Sachs & Co. $100.00 6.50% Preferred Stock $ 14,986,500 $97.000 $0.447 Robert W. Baird & Co. $100.00 Common Stock $ 53,250,000 $51,720,000 $0.290 Merrill Lynch $ 35.50/share 1,500,000 shares Total Proceeds Received $0.01/share par value
60 61
PROCEEDS RECEIVED BY APPROXIMATE UNDERWRITERS ISSUER PER EXPENSES OF INITIAL AMOUNT ISSUED $100 (BEFORE ISSUER NAME OF PRINCIPAL UNDERWRITERS OFFERING TITLE OF ISSUE OR SOLD EXPENSES) PER $100 OR PURCHASERS PRICE - --------------------------------------- ------------- ------------ ----------- ------------------------------------ ------------ ISSUER == IES UTILITIES INC. - --------------------------------------- ------------- ------------ ----------- ------------------------------------ ------------ 6.625% Senior Debentures due 2009 $ 135,000,000 $ 99.095 $0.542 * Chase Securities Inc., Salomon Brothers Inc., Smith Barney Inc., UBS Securities $ 99.595 - --------------------------------------- ------------- ------------ ----------- ------------------------------------ ------------ 6.875% Collateral Trust Bonds due 2007 $ 55,000,000 $ 99.674 $0.229 * Chase Securities Inc. $ 99.716 - --------------------------------------- ------------- ------------ ----------- ------------------------------------ ------------ 7.25% Collateral Trust Bonds due 2006 $ 60,000,000 $ 99.403 $0.452 * Citicorp Securities, Inc. $ 99.678 - --------------------------------------- ------------- ------------ ----------- ------------------------------------ ------------ 7 7/8% Subordinated Debentures due 2025 $ 50,000,000 $ 96.850 $3.733 * Morgan Stanley & Co., Dean Witter Reynolds Inc., A.G. Edwards & Sons, Inc., Piper Jaffray Inc. $100.000 - --------------------------------------- ------------- ------------ ----------- ------------------------------------ ------------
61 62
PROCEEDS RECEIVED BY APPROXIMATE UNDERWRITERS ISSUER PER EXPENSES OF INITIAL AMOUNT ISSUED $100 (BEFORE ISSUER NAME OF PRINCIPAL UNDERWRITERS OFFERING TITLE OF ISSUE OR SOLD EXPENSES) PER $100 OR PURCHASERS PRICE - --------------------------------------- ------------- ------------ ----------- ------------------------------------ ----------- 7.65% Collateral Trust Bonds due 2000 $ 50,000,000 $ 100.000 $0.241 * Metropolitan Life Insurance $100.000 Company, Metropolitan Insurance and Annuity Company, MetLife Security Insurance Company of Louisiana - --------------------------------------- ------------- ------------ ----------- ------------------------------------ ----------- 6% Collateral Trust Bonds due 2008 $ 50,000,000 $ 98.115 $0.864 * Morgan Stanley & Co, Bear,Stearns & Co. Inc., Kemper Securities, Inc. $ 98.544 - --------------------------------------- ------------- ------------ ----------- ------------------------------------ ----------- 7% Collateral Trust Bonds due 2023 $ 50,000,000 $ 98.156 $0.719 * Morgan Stanley & Co, Kemper Securities, Inc. $ 98.500 - --------------------------------------- ------------- ------------ ----------- ------------------------------------ ----------- 5.50% Collateral Trust Bonds due 2023 $ 19,400,000 $ 98.554 $3.055 * The First National Bank of Chicago $100.000 Issued pursuant to financing agreements with municipalities - --------------------------------------- ------------- ------------ ----------- ------------------------------------ -----------
PROCEEDS RECEIVED BY APPROXIMATE UNDERWRITERS ISSUER PER EXPENSES OF INITIAL AMOUNT ISSUED $100 (BEFORE ISSUER NAME OF PRINCIPAL UNDERWRITERS OFFERING TITLE OF ISSUE OR SOLD EXPENSES) PER $100 OR PURCHASERS PRICE - --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------ ISSUER = IES DIVERSIFIED INC. - --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------ Variable Rate Credit Facility $ 25,000,000 - --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------ Variable Rate Credit Facility $ 48,500,000 - --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------ Variable Rate Credit Facility $ 43,745,000 - --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------ Variable Rate Credit Facility $ 47,860,000 - --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------ Variable Rate Credit Facility $ 9,908,000 - --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------ ISSUER = 2060 PARTNERSHIP - --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------ 7.75% Mortgage loan $ 10,000,000 $ 100.000 Firstar Corporation $100.00 - --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------ ISSUER = 2002 DEVELOPMENT CORPORATION - --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------ 8.69 % Mortgage loan $ 1,639,792 $ 100.000 Brenton Bank & Trust $100.00 - --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------ Issuer = Center Place Limited - --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------ 8.125% Mortgage $ 1,100,000 $ 100.000 Norwest Bank Iowa $100.00 - --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------
62 63 Issuer: IES Industries, Inc.
PROCEEDS RECEIVED BY APPROXIMATE NAME OF PRINCIPAL UNDERWRITERS AMOUNT ISSUED OR ISSUER PER $100 EXPENSES OF UNDERWRITERS OR INITIAL YEAR TITLE OF ISSUE SOLD (SHARES) (BEFORE EXPENSES) ISSUER PER $100 PURCHASERS OFFERING PRICE - ---- --------------------------- ---------------- ----------------- --------------- ----------------- -------------- 1993 Common Stock-No Par Value 2,300,000 $ 96.77 $0.3205 Morgan Stanley & Co., $100.00 Merrill Lynch & Co., Piper Jaffray Inc. ($29.03 per share) ($30.00 per share) - ---------------------------------------------------------------------------------------- --------------------------------------- 1994 Common Stock-No Par Value 139,102 $100.00 Issued in exchange for $100.00 - ---------------------------------------------------------------------------------------- shares in an acquired 1995 Common Stock-No Par Value 75,638 $100.00 company - ----------------------------------------------------------------------------------------------------------------------------------- Issued in exchange for $100.00 Shares issued under the following certain oil & gas plans: properties Dividend Reinvestment and Stock --------------------------------------- Purchase Plan Employee Stock Purchase Plan Employee Savings Plan Long-Term Incentive Plan IES Bonus Stock Ownership Plan Whiting Stock Option Plans 1993 447,225 1994 547,056 1995 655,731 1996 578,245 1997 502,854
Shares issued under the following plans: Dividend Reinvestment and Stock Purchase Plan Employee Stock Purchase Plan Employee Savings Plan Long-Term Incentive Plan IES Bonus Stock Ownership Plan Whiting Stock Option Plans 1993 $13,936,000 1994 $15,395,000 1995 $15,854,000 1996 $16,635,000 1997 $14,961,000
63 64 AGREEMENT FOR FUTURE DISTRIBUTION OF SECURITIES 14.(a) Summarize the terms of any existing agreement to which the registrant or any associate or affiliate company thereof is a party or in which any such company has a beneficial interest with respect to future distribution of securities of the registrant or of any subsidiary. Certain information regarding agreements with respect to future distribution of securities of IEC and its Subsidiaries is set forth in the following documents: (i) Interstate Energy Corporation Long-Term Equity Incentive Plan (incorporated by reference to Exhibit 4.1 to Interstate Energy Corporation's Quarterly Report on Form 10-Q for the quarter ended June 30, 1994). (ii) Rights Agreement, dated February 22, 1989, between Interstate Energy Corporation (f/k/a WPL Holdings, Inc.) and Morgan Shareholder Services Trust Company (incorporated by reference to Exhibit 4 to Interstate Energy Corporation's Current Report on Form 8-K, dated February 27, 1989). (iii) Interstate Energy Corporation Shareowner Direct Plan* (incorporated by reference to Interstate Energy Corporation's Registration Statement on Form S-3 (Registration No. 333-26627)). * Note that the DRSPP is part of the prospectus; there is no separate plan document. (iv) Interstate Energy Corporation 401(k) Savings Plan (incorporated by reference to Exhibit 4.1 to Interstate Energy Corporation's Registration Statement on Form S-8 (Registration No. 333-46735)). 64 65 (b) Describe briefly the nature of any financial interest (other than the ownership of securities acquired as a dealer for the purpose of resale) which any person with whom such agreement exists, has in the registrant or in any associate or affiliate company thereof. The beneficiaries of the stock-based employee benefit plans referred to above may be deemed to have a financial interest in the registrant or associate or affiliate companies thereof by virtue of their employment relationship with the registrant or such other companies, and compensation, benefit and severance agreements and arrangements relating to such employment. LARGEST COMMON SHAREOWNER ACCOUNTS
SHARES REGISTRATION - ------------- ------------------------- 46,683,509 CEDE & Co New York, NY 13,928,643 Shareowner Direct Plan Madison, WI 243,092 Thomas M Atkinson Tulsa, OK 166,400 Hart Securities Ltd Washington, DC 114,000 Allen W Pike Exeter, NH 100,879 James A Cape Atlanta, GA 62,000 Firstbank Co Ames, IA 61,229 Eureka Oil Co Denver, CO 56,655 C Dean Alford Conyers, GA 56,617(1) Lee Liu Cedar Rapids, IA 35,714 E Jane Lyons Rockford, IL 33,880 Dorothy P Erickson Des Moines, IA 33,703(1) Erroll B Davis Jr Madison, WI 32,262 Grob Inc Grafton WI 31,661 Edwin L Barnhart Fripp Island, SC 30,944 FMI Co Lincoln, NE 30,762 Statecenco a Partnership Keokuk, IA 29,159 Lance W Ahearn Fox Point, WI 26,722 C Dan Alford Conyers, GA 25,013 Citbanco a Partnership Storm Lake, IA 23,023 William H Valline Ames, IA 21,731 Jerry D FitzGerald Evergreen, CO 21,289 Bernard R Noe Kankakee, IL 21,025 James A VanAllen Iowa City, IA
65 66 20,690 Terre S Alford Conyers, GA 20,689 John F Franz, Jr Cedar Rapids, IA 20,520 Jack B Evans Cedar Rapids, IA 20,140 Maren B Walsh Portsmouth, NH
(1) per Interstate Energy Proxy Statement 5/22/98 (b) Number of shareholders of record each holding 1,000 shares or more, and aggregate number of shares so held. At the most recent record date, there were 7,247 shareholders holding 1,000 shares or more. The aggregate number of shares held by the shareholders was 61,946,348. (c) Number of shareholders of record each holding less than 1,000 shares and the aggregate number of shares so held. At the most recent record date, there were 69,307 shareholders holding 1,000 shares or less. The aggregate number of shares held by these shareholders was 14,961,151. OFFICERS, DIRECTORS AND EMPLOYEES 16.(a) Positions and Compensation of Officers and Directors. Give name and address of each director and officer (including any person who performs similar functions) of the registrant, of each subsidiary company thereof, and of each mutual service company which is a member of the same holding company system. Opposite the name of each such individual give the title of every such position held by him and briefly describe each other employment of such individual by each such company. State the present rate of compensation on an annual basis for each director whose aggregate compensation from all such companies exceeds $1,000 per year, and of each officer whose aggregate compensation from such companies is at the rate of $20,000 or more per year. In the event any officer devotes only part of his time to a company or companies in the system this fact should be indicated by appropriate footnote. Such compensation for such part time should be computed on an annual rate and if such annual rate exceeds $20,000 the actual compensation as well as annual rate should also be reported. (b) Compensation of Certain Employees. As to regular employees of such companies who are not directors or officers of any one of them, list the name, address and aggregate annual rate of compensation of all those who receive $20,000 or more per year from all such companies. 66 67 (c) Indebtedness to System Companies. As to every such director, trustee or officer as aforesaid, who is indebted to any one of such companies, or on whose behalf any such company has now outstanding and effective any obligation to assume or guarantee payment of any indebtedness to another, and whose total direct and contingent liability to such company exceeds the sum of $1,000, give the name of such director, trustee, or officer, the name of such company and describe briefly the nature and amount of such direct and contingent obligations. (d) Contracts. If any such director, trustee or officer as aforesaid: (1) has an existing contract with any such company (exclusive of an employment contract which provides for no compensation other than that set forth in paragraph (a) of this Item); or, (2) either individually or together with the members of his immediate family, owns, directly or indirectly, 5% or more of the voting securities of any third person with whom any such company has an existing contract; or, (3) has any other beneficial interest in an existing contract to which any such company is a party; describe briefly the nature of such contract, the names of the parties thereto, the terms thereof and the interest of such officer, trustee or director therein. (e) Banking Connections. If any such director, trustee or officer, is an executive officer, director, partner, appointee or representative of any bank, trust company, investment banker, or banking association or firm, or of any corporation a majority of whose stock having the unrestricted right to vote for the election of directors, is owned by any bank, trust company, investment banker, or banking association or firm, state the name of such director or officer, describe briefly such other positions held by him and indicate which of the rules under Section 17(c) authorizes the registrant and subsidiary companies of which he is a director or officer to retain him in such capacity. By permission of the Staff, information required to be disclosed in items 16(a) through 16(e) is not set forth in this filing, but instead is set forth in the Proxy Statement of IEC distributed in connection with the 1998 Annual Meeting of Shareholders or in the Annual Reports on Form 10-K for the year ending December 31, 1997 for WPLH, IESI and IPC, and such information is hereby incorporated by reference. The Proxy Statement is submitted as Exhibit F-8 to this filing. The Annual Reports on Form 10-K for WPLH, IESI and IPC are submitted as Exhibits F-1, F-2 and F-3, respectively. 67 68 INTERESTS OF TRUSTEES IN SYSTEM COMPANIES 17. Describe briefly the nature of any substantial interest which any trustee under indentures executed in connection with any outstanding issue of securities of the registrant or any subsidiary thereof, has in either the registrant or such subsidiary, and any claim which any such trustee may have against registrant or any subsidiary; provided, however, that it shall not be necessary to include in such description any evidences of indebtedness owned by such trustee which were issued pursuant to such an indenture. To the knowledge of IEC's management, there is no such interest. SERVICE, SALES AND CONSTRUCTION CONTRACTS 18. As to each service, sales or construction contract (as defined in paragraphs (19) to (21) of Section 2(a) of the Act) which the registrant and any subsidiary company thereof has had in effect within the last three months, describe briefly the nature of such contract, the name and address of the parties thereto, the dates of execution and expiration, and the compensation to be paid thereunder. Attach typical forms of any such contracts as an exhibit to this registration statement. If the other party to any such contract is a mutual service company or a subsidiary service company which is a member of the same holding company system as the registrant and as to which the Commission has made a favorable finding in accordance with Rule 13-22, specific reference may be made to the application or declaration filed by such company pursuant to Rule 13-22 and no further details need be given as to such contracts. See the Utility Service Agreement dated May 24, 1998 by and among WPL, IESU, IPC and Alliant Services Company filed as Exhibit D-6 to the Application-Declaration of WPLH, IESI and IPC on Form U-1, as amended, in File No. 70-8891 and approved by the order of the Commission dated April 14, 1998 with respect thereto, and the Non-Utility Service Agreement, dated May 24, 1998 by and among Alliant Industries, Inc., IPC Development Corporation and Alliant Services Company (filed as Exhibit D-7 to the Application-Declaration of WPLH, IESI and IPC on Form U-1, as amended, in File No. 70-8891 and approved by the order of the Commission dated April 14, 1998 with respect thereto). The Non-Utility Service Agreement is provided as Exhibit H-1 to this filing; the Utility Service Agreement is provided as Exhibit H-2 to this filing. As additional agreements are subsequently entered into, copies will be provided by amendment. 68 69 LITIGATION 19. Describe briefly any existing litigation of the following descriptions, to which the registrant or any subsidiary company thereof is a party, or of which the property of the registrant or any such subsidiary company is the subject, including the names of the parties and the court in which such litigation is pending: (1) Proceedings to enforce or to restrain enforcement of any order of a State commission or other governmental agency; (2) Proceedings involving any franchise claimed by any such company; (3) Proceedings between any such company and any holder, in his capacity as such, of any funded indebtedness or capital stock issued, or guaranteed by such company, or between any such company and any officer thereof; (4) Proceedings in which any such company sues in its capacity as owner of capital stock or funded indebtedness issued or guaranteed by any other company; (5) Each other proceeding in which the matter in controversy, exclusive of interest and costs, exceeds an amount equal to 2% of the debit accounts shown on the most recent balance sheet of such company. Information regarding litigation involving IEC and its subsidiaries is set forth in the following documents, which are attached as Exhibits F-1, F-2 and F-3, respectively: Item 3 of WPLH's Annual Report on Form 10-K for the period ending December 31,1997; Item 3 of IESI's Annual Report on Form 10-K for the period ending December 31, 1997; and Item 3 of IPC's Annual Report on Form 10-K for the period ending December 31, 1997. EXHIBITS EXHIBIT A. Furnish a corporate chart showing graphically relationships existing between the registrant and all subsidiary companies thereof as of the same date as the information furnished in the answer to Item 8. The chart should show the percentage of each class voting securities of each subsidiary owned by the registrant and by each subsidiary company. (Note: the chart is based on information that is more recent than the date of the information used to answer Item 8). Provided in paper format under cover of Form SE. EXHIBIT B. With respect to the registrant and each subsidiary company thereof, furnish a copy of the charter, articles of incorporation, trust agreement, voting trust agreement, or other fundamental document of organization, and a copy of its by-laws, rules and regulations, or other instruments corresponding thereto. If such documents do not set forth fully the rights, priorities and preferences of the holders of each class of capital stock described in the answer to Item 8(b) and those of the holders of any warrants, options or other securities described in the answer to Item 8(d), and of any limitations on such rights, there shall also be included a copy of each 69 70 certificate, resolution or other document establishing or defining such rights and limitations. Each such document shall be in the amended form effective at the date of filing the registration statement or shall be accompanied by copies of any amendments to it then in effect. By permission of the Staff, in lieu of the exhibits required hereunder, the disclosure requirements for Exhibit B have been limited to (i) the state of incorporation for the registrant and each of its subsidiary companies and (ii) a brief description of every subsidiary company of the registrant including a statement as to whether each such company is active or inactive. Such Information is set forth in Items 4 and 5 hereof. EXHIBIT C. (a) With respect to each class of funded debt shown in the answers to Items 8(a) and 8(c), submit a copy of the indenture or other fundamental document defining the rights of the holders of such security, and a copy of each contract or other instrument evidencing the liability of the registrant or a subsidiary company thereof as endorser or guarantor of such security. Include a copy of each amendment of such document and of each supplemental agreement, executed in connection therewith. If there have been any changes of trustees thereunder, such changes, unless otherwise shown, should be indicated by notes on the appropriate documents. No such indenture or other document need be filed in connection with any such issue if the total amount of securities that are now, or may at any time hereafter, be issued and outstanding thereunder does not exceed either $1,000,000 or an amount equal to 10% of the total of the debit accounts shown on the most recent balance sheet of the registrant or subsidiary company which issued or guaranteed such securities or which is the owner of property subject to the lien of such securities, whichever of said sums is the lesser. OMITTED BY PERMISSION OF THE STAFF. (b) As to each outstanding and uncompleted contract or agreement entered into by registrant or any subsidiary company thereof relating to the acquisition of any securities, utility assets (as defined in Section 2(a)(18) of the Act), or any other interest in any business, submit a copy of such contract or agreement and submit details of any supplementary understandings or arrangements that will assist in securing an understanding of such transactions. OMITTED BY PERMISSION OF THE STAFF. EXHIBIT D. A consolidating statement of income and surplus of the registrant and its subsidiary companies for its last fiscal year ending prior to the date of filing this registration statement, together with a consolidating balance sheet of the registrant and its subsidiary companies as of the close of such fiscal year. The consolidating financial statements of IEC and its subsidiaries have been provided in Exhibit D-1 in paper format under cover of Form SE. 70 71 EXHIBIT E. For each public utility company and natural gas producing and pipe line property in the holding company system of the registrant, furnish the following maps (properties of associate companies operating in contiguous or nearby areas may be shown on the same map, provided property and service areas of each company are shown distinctively). (1) Map showing service area in which electric service is furnished, indicating the names of the companies serving contiguous areas; (2) Electric system map showing location of electric property (exclusive of local distribution lines) owned and/or operated, and information as follows: (a) Generating plants--kind and capacity; (b) Transmission lines--voltage, number of circuits, kind of supports, kind and size of conductors; (c) Transmission substations--capacity. OMITTED BY PERMISSION OF THE STAFF. (d) Distribution substations--capacity. OMITTED BY PERMISSION OF THE STAFF. (e) Points of interconnection with all other electric utility companies and with all electrical enterprises operated by municipal or governmental agencies, giving names of such companies and enterprises; (3) Map showing service area in which gas service is furnished, indicating the names of companies serving contiguous areas; (4) Gas system map showing location of gas property (exclusive of low pressure local distribution lines) owned and/or operated, and information as follows: (a) Generating plants--kind and daily capacity; OMITTED BY PERMISSION OF THE STAFF. (b) Holders--kind and capacity; OMITTED BY PERMISSION OF THE STAFF. 71 72 (c) Compressor stations--capacity in horsepower; OMITTED BY PERMISSION OF THE STAFF. (d) Transmission pipe lines--size, approximate average transmission pressure and the estimated daily delivery capacity of the system; (e) Points of interconnection with all other private and public gas utilities, pipe lines or producing enterprises; giving names of such companies and other enterprises; (f) General location and outline of gas producing and reserve areas and diagrammatic location of gathering lines. The available maps have been provided as Exhibits E-1 through E-5 in paper format under cover of Form SE. Please note that IEC is currently still developing the gas system maps that will be responsive to the request for information in this form and will file such updated maps with the SEC as soon as they are completed as supplemental Exhibits to this filing. EXHIBIT F. Furnish an accurate copy of each annual report for the last fiscal year ending prior to the date of the filing of this registration statement, which the registrant and each subsidiary company thereof has previously submitted to its stockholders. For companies for which no reports are submitted the reason for omission should be indicated; provided that electronic filers shall submit such reports in paper format only under cover of Form SE. Annual Reports on Forms 10-K for WPLH, IESI, IPC, WPL and IESU have been provided hereto as Exhibits F-1, F-2, F-3, F-4 and F-5, respectively. EXHIBIT G. Furnish a copy of each annual report which the registrant and each public utility subsidiary company thereof shall have filed with any State commission having jurisdiction to regulate public utility companies for the last fiscal year ending prior to the date of filing this registration statement. If any such company shall have filed similar reports with more than one such State commission, the registrant need file a copy of only one of such reports provided that notation is made of such fact, giving the names of the different commissions with which such report was filed, and setting forth any differences between the copy submitted and the copies filed with such other commissions. In the event any company submits an annual report to the Federal Power Commission but not to a State commission, a copy of such report should be furnished. In the case of a registrant or any public utility subsidiary company for which no report is appended the reasons for such omission should be indicated such as "No such reports required or filed;" provided that electronic filers shall submit such reports in paper format only under cover of Form SE. 72 73 EXHIBIT H. Typical forms of service, sales or construction contracts described in answer to Item 18. This registration statement comprises: (a) Pages numbered 1 to __, consecutively. (b) The following Exhibits: the Exhibits shown on the attached exhibit index. 73 74 INDEX OF EXHIBITS EXHIBIT NUMBER DESCRIPTION A-1 Intentionally left blank A-2 Corporate chart of IEC and its subsidiary companies EXHIBIT LIST
Exhibit Number Exhibit (all exhibits were - ------ ------- submitted in paper format under Cover of Form SE) D-1 WPL Holdings, Inc., IES Industries Inc. and Interstate Power Company, "1997 Financial Information," includes Consolidated Financial Statements and accompanying notes as of December 31, 1997 (pages 30-48). E-1 Map of Alliant Service Territory (showing electric, gas and combined electric and gas service territories). E-2 Map of Alliant Service Territory. E-3 Map of Electric Transmission Lines of Wisconsin Power and Light Company. E-4 Map of Electric Transmission Lines of Interstate Power Company. E-5 Map of Electric Transmission Lines of IES Utilities Inc. F-1 Annual Report of WPL Holdings, Inc. on Form 10-K, December 31, 1997. F-2 Annual Report of IES Industries Inc. on Form 10-K, December 31, 1997. F-3 Annual Report of Interstate Power Company on Form 10-K, December 31, 1997. F-4 Annual Report of Wisconsin Power and Light Company on Form 10-K, December 31, 1997. F-5 Annual Report of IES Utilities Inc. on Form 10-K, December 31, 1997. F-6 Alliant Corporation Annual Report to Shareholders, December 31, 1997. F-7 Wisconsin Power and Light Company Proxy Statement distributed for July 17, 1998 Annual Meeting of Shareholders, dated May 27, 1998. F-8 Interstate Energy Corporation Proxy Statement distributed for June 24, 1998 Annual Meeting of Shareholders dated May 22, 1998. F-9 Quarterly Report of Interstate Energy Corporation (WPL Holdings, Inc.) on Form 10-Q, March 31, 1998. F-10 Quarterly Report of Interstate Energy Corporation on Form 10-Q, June 30, 1998. F-11 Quarterly Report of Wisconsin Power and Light Company on Form 10-Q, March 31, 1998. F-12 Quarterly Report of IES Utilities Inc. on Form 10-Q, March 31, 1998. G-1 FERC Form No. 1, IES Utilities Inc., December 31, 1997 G-2 FERC Form No. 1, Wisconsin Power and Light Company, December 31, 1997 G-3 FERC Form No. 1, South Beloit Water, Gas and Electric Company, December 31, 1997
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Exhibit Number Exhibit - ------ ------- G-4 FERC Form No. 1, Interstate Power Company, December 31, 1997 G-5 FERC Form No. 2, IES Utilities Inc., December 31, 1997. G-6 FERC Form No. 2, Interstate Power Company, December 31, 1997. G-7 Annual Report of Wisconsin Power and Light Company to Public Service Commission of Wisconsin, December 31, 1997 G-8 Annual Report of Rate Regulated Electric Utilities on Form IE-1 of IES Utilities Inc. to the Iowa Utilities Board, December 31, 1997. G-9 Annual Report of Rate Regulated Electric Utilities on Form IE-1 of Interstate Power Company to the Iowa Utilities Board, December 31, 1997. G-10 Annual Report of Rate Regulated Gas Utilities on Form IG-1 of IES Utilities Inc., December 31, 1997. G-11 Annual Report of Rate Regulated Gas Utilities on Form IG-1 of Interstate Power Company, December 31, 1997. G-12 Electric Jurisdictional Annual Report of Interstate Power Company to the State of Minnesota Department of Public Service, December 31, 1997. G-13 Gas Jurisdictional Annual Report of Interstate Power Company to the State of Minnesota Department of Public Service, December 31, 1997. G-14 Annual Report of Licensees and/or Natural Gas Utilities to the Illinois Commerce Commission filed by Interstate Power Company, December 31, 1997. G-15 Annual Report of Licensees and/or Natural Gas Utilities to the Illinois Commerce Commission filed by South Beloit Water, Gas and Electric Company, December 31, 1997. H-1 Non-Utility Service Agreement, dated May 24, 1998. H-2 Utility Service Agreement, dated May 24, 1998.
74 75 SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the registrant has caused this registration statement to be duly signed on its behalf in the City of Madison and State of Wisconsin on the 18th day of August, 1998. Interstate Energy Corporation By /s/ Erroll B. Davis, Jr. ----------------------------------------- Erroll B. Davis, Jr. President and Chief Executive Officer Attest: /s/ Edward M. Gleason - -------------------------- Edward M. Gleason Secretary VERIFICATION State of Wisconsin ) ) ss. County of Dane ) The undersigned, being duly sworn, deposes and says that he has duly executed the attached registration statement dated August 18, 1998, for and on behalf of Interstate Energy Corporation; that he is the President and Chief Executive Officer of such company; and that all action by shareholders, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. Deponent further says that he is familiar with such instrument and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief. /s/ Erroll B. Davis, Jr. ------------------------------------- Erroll B. Davis, Jr. President and Chief Executive Officer Subscribed and sworn to before me this 18th day of August, 1998. /s/ Barbara J. Swan - ----------------------------------- Barbara J. Swan 75 -----END PRIVACY-ENHANCED MESSAGE-----