-----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, RsUbUcUiefHwEwuNNLhYOB0UYn3RNbC5DxnoeBmncbqQFwsR8Rnc2HOCCX/DxA80 +ySSICdtl8sEpHSDqwP4OQ== 0000827052-99-000026.txt : 19990301 0000827052-99-000026.hdr.sgml : 19990301 ACCESSION NUMBER: 0000827052-99-000026 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EDISON INTERNATIONAL CENTRAL INDEX KEY: 0000827052 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 954137452 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: SEC FILE NUMBER: 069-00344 FILM NUMBER: 99551258 BUSINESS ADDRESS: STREET 1: 2244 WALNUT GROVE AVE, STE 374 STREET 2: P O BOX 999 CITY: ROSEMEAD STATE: CA ZIP: 91770 BUSINESS PHONE: 8183022222 FORMER COMPANY: FORMER CONFORMED NAME: SCECORP DATE OF NAME CHANGE: 19920703 U-3A-2 1 FORM U-3A-2 FOR EDISON INTERNATIONAL UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM U-3A-2 File No. 69-344 Statement by Holding Company Claiming Exemption Under Rule U-3A-2 from the Provisions of the Public Utility Holding Company Act of 1935 To Be Filed Annually Prior to March 1 EDISON INTERNATIONAL (Name of Company) hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information: 1. NAME, STATE OF ORGANIZATION, LOCATION AND NATURE OF BUSINESS OF CLAIMANT AND EVERY SUBSIDIARY THEREOF, OTHER THAN ANY EXEMPT WHOLESALE GENERATOR (EWG) OR FOREIGN UTILITY COMPANY IN WHICH CLAIMANT DIRECTLY OR INDIRECTLY HOLDS AN INTEREST. HOLDING COMPANY 00 EDISON INTERNATIONAL is a corporation organized under the laws of the State of California and having its principal place of business at 2244 Walnut Grove Avenue (P.O. Box 999), Rosemead, California 91770. It was organized principally to acquire and hold securities of other corporations for investment purposes. Edison International has the following subsidiaries: UTILITY SUBSIDIARIES 01 SOUTHERN CALIFORNIA EDISON COMPANY ("SCE") is a California corporation having its principal place of business at 2244 Walnut Grove Avenue (P.O. Box 800), Rosemead, California 91770. SCE is a public utility primarily engaged in the business of supplying electric energy to portions of central and southern California, excluding the City of Los Angeles and certain other cities. Its subsidiaries have the same principal place of business as Southern California Edison Company: 02 CALIFORNIA ELECTRIC POWER COMPANY is an inactive California corporation that remains from a 1964 merger with SCE. 02 CONSERVATION FINANCING CORPORATION is a California corporation engaged in the remediation and mitigation of environmental liabilities. 02 EDISON ESI is a California corporation engaged in the business of marketing services, products, information, and copyrighted materials to third parties on behalf of SCE. 02 MONO POWER COMPANY is an inactive California corporation that has been engaged in the business of exploring for and developing fuel resources. 03 The Bear Creek Uranium Company is an inactive California partnership between Mono Power Company (50%) and Union Pacific Resources (50%) that has been engaged in reclamation of an integrated uranium mining and milling complex in Wyoming. 02 SCE CAPITAL COMPANY is an inactive Delaware corporation that acted as a financing vehicle for SCE. 02 SCE FUNDING LLC is a Delaware limited liability company that acts as a financing vehicle for rate reduction bonds. 02 SCE UK SERVICES LTD is a United Kingdom private limited company that provides auditing services for affiliated companies. 02 SOUTHERN STATES REALTY is a California corporation engaged in holding real estate assets for SCE. 2 NONUTILITY SUBSIDIARIES 01 EDISON DRIVES ELECTRIC is a California corporation having its principal place of business at 2244 Walnut Grove Avenue, Rosemead, California 91770, which is engaged in administering a vehicle lease program for Edison International employees. 01 EDISON INSURANCE SERVICES, INC., is a Hawaii corporation having its principal executive office at 1099 Alakea Street, 22nd Floor, Honolulu, Hawaii 96813, formed for the purpose of issuing domestic and foreign property damage and business interruption insurance to Edison International and its subsidiaries. 01 EDISON VENTURES is a California corporation having its principal place of business at 2244 Walnut Grove Avenue, Rosemead, California 91770, which was organized to own the stock and coordinate the activities of nonutility companies. The subsidiaries of Edison Ventures are as follows: 02 EDISON TRANSENERGY is a California corporation having its principal place of business at 2244 Walnut Grove Avenue, Rosemead, California 91770, which is engaged in pipeline development activities to transport crude oil. 01 EDISON ENERGY (inactive) 01 THE MISSION GROUP is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 1700, Irvine, California 92612-1046, which was organized to own the stock and coordinate the activities of nonutility companies. The subsidiaries of The Mission Group are as follows: 02 EDISON TECHNOLOGY SOLUTIONS ("ETS") is a California corporation having its principal place of business at 6040 North Irwindale Avenue, Irwindale, California 91706, which was organized to engage in technology development and commercialization. The subsidiaries of Edison Technology Solutions are as follows: 03 EDISON EV is a California corporation having its principal place of business at 6040 North Irwindale Avenue, Irwindale, California 91706, which is engaged in the business of providing electric vehicle charging infrastructure. 03 FACILICHEM, INC., is a California corporation having its principal place of business at 333 Ravenswood Avenue, Menlo Park, California 94025, which was organized to engage in the research, development and commecialization of liquid membrane technologies for application in specific industrial and chemical processes. ETS has a 10%ownership interest with an option to increase that interest to 16.66% 02 EDISON ENVIRONMENTAL SERVICES is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 1700, Irvine, California 92612-1046, which was organized to provide nuclear decommissioning services. 02 EDISON ENTERPRISES is a California corporation having its principal place of business at 13191 Crossroads Parkway North, City of Industry, California 91746, which was organized to own the stock and coordinate the activities of various retail companies. The subsidiaries of Edison Enterprises are as follows: 3 03 EDISON SOURCE is a California corporation having its principal place of business at 13191 Crossroads Parkway North, City of Industry, California 91746. It is engaged in the business of integrated energy services and wholesale power marketing. 04 G.H.V. REFRIGERATION, INC. is a California corporation having its principal place of business at 13191 Crossroads Parkway North City of Industry, California 91746. It is engaged in the business of providing refrigeration/HVAC operations, maintenance and installations throughout Southern California and Arizona. 03 EDISON SELECT is a California corporation having its principal place of business at 13191 Crossroads Parkway North, City of Industry, California 91746. It is engaged in the business of providing consumer products and services. 04 EDISON HOME PROTECTION COMPANY (inactive) 04 SELECT HOME WARRANTY COMPANY is a California corporation having its principal place of business at 13191 Crossroads Parkway North, City of Industry, California 91746. It is engaged in the homeprotection company business. 04 VALLEY BURGLAR & FIRE ALARM CO., INC. is a California corporation having its principal place of business at 13191 Crossroads Parkway North, City of Industry, California 91746. It is engaged in the business of providing home security services. 04 WESTEC RESIDENTIAL SECURITY, INC. is a Delaware corporation having its principal place of business at 13191 Crossroads Parkway North, City of Industry, California 91746. It is engaged in the business of providing home security services. 03 EDISON UTILITY SERVICES is a California corporation having its principal place of business at 13191 Crossroads Parkway North, City of Industry, California 91746. It is engaged in the business of providing services including billing and transmission and distribution outsourcing. 4 02 EDISON CAPITAL is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 800, Irvine, California 92612-1046. It is engaged in the business of leveraged- leasing transactions and other project financings, either directly or through subsidiaries. Edison Capital owns a group of subsidiaries and has interests in various partnerships through its subsidiaries. The subsidiaries and partnerships of Edison Capital are listed below. Unless otherwise indicated, all entities are corporations, are organized under the laws of the State of California, and have the same principal place of business as Edison Capital. (P)=partnership; (C)=commitment. 03 BURLINGTON APARTMENTS, INC. 04 Burlington Arboretum L.P. (P) 1% 03 EDISON CAPITAL EUROPE LIMITED (UK corporation) 03 EDISON CAPITAL VENTURES 03 EDISON FUNDING COMPANY 04 EDISON CAPITAL HOUSING INVESTMENTS 05 1st Time Homebuyer Opportunities L.P. (Chester County Homes)(P)99% 05 1010 SVN Associates L.P. (P) 99% 05 1475 167th Avenue Associates L.P. (Bermuda Gardens) (P) 99.9% 05 16th & Church Street Associates L.P. (P) 99% 05 1732 Champa L.P. (Buerger Brothers Lofts) (P) 99% 05 18303 Kittridge Associates - 39 L.P. (P) 99% 05 1856 Wells Court Partners, L.P. (Wells Court) (P) 99% 05 210 Washington Avenue Associates (Renaissance Plaza) (Connecticut partnership) 99% 05 2400 Locust Associates L.P. (Locust on the Park) (P) 99% 05 Abajo Del Sol L.P. (P) 99.9% 05 AE Associates L.P. (Avenida Espana) (P) 99% 05 Agape Housing L.P. (P) 99% 05 Alhambra Apartments L.P. (P) 99.9% 05 Anglo Edison LLC No. 1 (Las Brisas) (P) 99% 05 Anglo Edison Pinecrest L.L.C. (P) 99% 05 Anglo Edison Ravenwood L.L.C. (P) 99% 05 Apollo Development Associates LP (Apollo Hotel) (P) 99% 05 Argyle Redevelopment Partnership, Ltd. (Colorado partnership) 99% 05 Auburn Manor Apartments L.P. (P) 99% 05 B.A.I. Anglo Edison Pinecrest, LLC (Pinecrest) (P) 99% 05 Barnsdall Court L.P. (Villa Mariposa) (P) 99% 05 Bartlett Hill Associates L.P. (P) 70%; 100% w/ MBHCo. 05 Beacon Manor Associates L.P. (P) 99% 05 Borregas Court L.P. (P) 99% 05 Boulder Creek Apartments L.P. (P) 99% 05 Bouquet Canyon Seniors L.P. (P) 99% 05 Brantwood II Associates L.P. (P) 98.99% 05 Brooks School Associates L.P. (P) 98.99% 05 Bryn Mawr - Belle Shore L.P. (P) 99% 05 Burlington Arboretum L.P. (P) 94.66% 05 Burlington Senior Housing LLC (P) 98.9% 05 Bush Hotel L.P. (P) 99% 05 Carson Housing L.P. (P) 99% 05 CCS/Bellingham L.P. (Washington Grocery Building) (P) 99% 05 CCS/Mount Vernon Housing L.P. (La Venture) (P) 99% 05 CCS/Renton Housing L.P. (Renton) (P) 99% 05 Cedarshores Limited Dividend Housing Association L.P. (P) 98.99% 05 Centertown Associates L.P. (P) 99% 05 Centro Partners L.P. (El Centro) (P) 99% 05 Cincinatti Ravenwood Apartments L.P. (Ravenwood) (P) 99% 05 Cochrane Village Apartments L.P. (P) 99% 05 Conejo Valley Community Housing Associates (Community House Apartments) (P) 99% 05 Coolidge Station Apartments L.L.C. (P) 99% 05 Coyote Springs Apartments Associates L.P. (P) 99% < 5 05 Cypress Cove Associates (P) 99% 05 Davis MHA Twin Pines Community Associates L.P. (Northstar Apartments) (P) 99% 05 Delta Plaza Apartments L.P. (P) 99% 05 EAH Larkspur Creekside Associates L.P. (P) 99% 05 EAST COAST CAPITAL, INC. (Massachusetts corporation) 05 East Cotati Avenue Partners L.P. (P) 99% 05 Eastwood Homes L.P. (P) 98.99% 05 EC ASSET SERVICES, INC. (Massachusetts corporation) 05 EC PROPERTIES, INC. (Massachusetts corporation) 06 Corporations for Affordable Housing L.P. (P) 1% 07 Arbor Lane Associates Phase II L.P. (Timberwood) (P) 99% 07 Arroyo Vista Associates L.P. (P) 99% 07 Artloft Associates L.P. (P) 35.6% 07 Caleb Affordable Housing Associates L.P. (Ledges/Pinebrook) (P) 99% 07 The Carlin L.P. (P) 99% 07 Diamond Phase III Venture L.P. (P) 99% 07 Fairmont Hotel Urban Renewal Associates L.P. (P) 99% 07 Mackenzie Park Associates L.P. (P) 99% 07 Parkside Associates L.P. (Parkside Garden) (P) 99% 07 Pines Housing L.P. (P) 99% 07 Pines Housing II, L.P. (P) 99% 07 Smyrna Gardens Associates L.P. (P) 99% 07 Tioga Gardens L.P. (P) 99% 07 Walden Pond, L.P. (Hamlet) (P) 99% 06 Corporations for Affordable Housing L.P. II (P) 1% 07 2601 North Broad Street Associates L.P. (Station House) (P) 99% 07 Artloft Associates L.P. (P) 53.39% 07 Brookline Housing Associates LLC (Bridgewater) (P) 99% 07 EDA L.P. (Eagle's Nest) (P) 99% 07 Edgewood Manor Associates II L.P. (P) 99% 07 Gateway Housing L.P. (Gateway Townhomes) (P) 99% 07 Homestead Village Associates L.P. (P) 99% 07 Junction City Apartments L.P. (Green Park) (P) 99% 07 Liberty House Associates L.P. (P) 99% 07 Maple Ridge Development Associates L.P. (P) 99% 07 Parsonage Cottage Senior Residence L.P. (P) 99% 07 Rittenhouse School L.P. (P) 99% 07 Silver City Housing L.P. (P) 99% 07 South 55th Street, L.P. (P) 99% 07 W. M. Housing Associates L.P. (Williamsport Manor) (P) 99% 07 Winnsboro Apartments L.P. (Deer Wood) (P) 99% 05 EC PROPERTIES III, INC. (Massachusetts corporation) 06 Corporations for Affordable Housing L.P. III (P) 1% 07 Piedmont Housing Associates (P) 99% 07 Pines Housing III (P) 99% 07 Salem-Lafayette Urban Renewal Associates, L.P. (P) 99% 07 Spring Valley Commons (P) 99% 07 Stevenson Housing Associates (Park Vista) (P) 99% 05 EC-SLP, INC. (Massachusetts corporation) 05 ECHI Wyvernwood, Inc. [dead project] 05 ECH/HFC GP Partnership No. 1 (P) 34.9% 06 Edison Capital Housing Partners VII L.P. (P) 19.4% 07 C-Court L.P. (Cawelti Court) (P) 99% 07 Cottonwood Affordable Housing L.P. (P) 99% 07 Fifth & Wilshire (P) 99% 07 Flagstaff Affordable Housing II, L.P. (Forest View Apts.) (P) 99% 07 Huff Avenue Associates L.P. (P) 99% 07 Mountain View Townhomes Associates L.P. (P) 99% 07 Oak Forest Associates L.P. (P) 99% 07 Paradise Road Partners L.P. (Gateway Village) (P) 99% 07 Woodland Arms Apartments, Ltd. (P) 99% 6 05 ECH/HFC GP Partnership No. 2 (P) 56.7% 06 Edison Capital Housing Partners VIII L.P. (P) 18.54% 07 Catalonia Associates L.P. (P) 99% 07 Ohlone Housing Associates L.P. (P) 99% 05 EDISON CAPITAL AFFORDABLE HOUSING 97 V 05 EDISON CAPITAL AFFORDABLE HOUSING 97 VI 05 EDISON CAPITAL AFFORDABLE HOUSING 97 VII 05 EDISON CAPITAL AFFORDABLE HOUSING 97 VIII 05 Edison Capital Contributions VI Partners (P) 91.77% 06 ECH Investor Partners VI-A L.P. (P) 15.39% 07 Edison Capital Housing Partners VI L.P. (P) 61.82% 08 Admiralty Heights Associates II 1995 L.P. (Kent Manor) P) 99% 08 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) (P) 99% 08 Altamont Hotel Associates L.P. (P) 99% 08 Bradley Manor Senior Apartments L.P. (P) 99% 08 Double X Associates 1995 L.P. (Terrace Manor) (P) 99% 08 Hamilton Place Apartments L.P. (Larkin Place) (P) 99% 08 Hamilton Place Senior Living L.P. (P) 99% 08 Hearthstone Group 3 L.P. (Evergreen Court) (P) 99% 08 KDF Malabar L.P. (P) 99% 08 LINC-Bristol Associates I, L.P. (City Gardens) (P) 99% 08 MAS-WT, L.P. (Washington Terrace) (P) 99% 08 Northwood Manor Associates L.P. (P) 99% 08 Silver Lake Properties L.P. (P) 99% 08 University Park Properties L.P. (P)99% 08 Upland Senior Housing L.P. (Coy D. Estes) (P) 99% 08 Vista Verde Townhomes II LLC (P) 99% 08 Vista Properties LLC (Vista View) (P) 99% 06 ECH Investor Partners VI-B L.P. (P) 15.39% 07 Edison Capital Housing Partners VI L.P. (P) 37.18% 08 Admiralty Heights Associates II 1995 L.P. (Kent Manor) (P) 99% 08 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) (P) 99% 08 Altamont Hotel Associates L.P. (P) 99% 08 Bradley Manor Senior Apartments L.P. (P) 99% 08 Double X Associates 1995 L.P. (Terrace Manor) (P) 99% 08 Hamilton Place Apartments L.P. (Larkin Place) (P) 99% 08 Hamilton Place Senior Living L.P. (P) 99% 08 Hearthstone Group 3 L.P. (Evergreen Court) (P) 99% 08 KDF Malabar L.P. (P) 99% 08 LINC-Bristol Associates I, L.P. (City Gardens) (P) 99% 08 MAS-WT, L.P. (Washington Terrace) (P) 99% 08 Northwood Manor Associates L.P. (P) 99% 08 Silver Lake Properties L.P. (P) 99% 08 University Park Properties L.P. (P)99% 08 Upland Senior Housing L.P. (Coy D. Estes) (P) 99% 08 Vista Verde Townhomes II LLC (P) 99% 08 Vista Properties LLC (Vista View) (P) 99% 05 EDISON CAPITAL HOUSING DELAWARE, INC. 06 B.A.I. Edison Ravenwood L.P. (Ravenwood) (P) 90% 07 Cincinatti Ravenwood Apartments L.P. (P) 0.95% 05 Edison Capital Housing Partners V L.P. (P) 16.38% 06 AMCAL Santa Barbara Fund XXXVI L.P. (Positano) (P) 99% 06 Bodega Hills Investors L.P. (P) 99% 06 Mercy Housing California IV L.P. (Vista Grande) (P) 99% 06 Park Place Terrace L.P. (P) 99% 06 River Walk Apartments Homes L.P. (P) 99% 06 San Diego Golden Villa Partners L.P. (Golden Villa) (P) 99% 06 Santa Alicia Gardens Townhomes L.P. (The Gardens) (P) 99% 06 St. Hedwigs Gardens (P) 99% 06 Sunshine Terrace L.P. (P) 99% 06 Union Meadows Apartments (P) 99% 7 05 EDISON CAPITAL HOUSING FLORIDA 05 EDISON CAPITAL HOUSING MANAGEMENT 06 JOHN STEWART COMPANY Address: 2310 Mason Street, San Francisco, CA 94133 07 2814 Fifth Street Associates L.P. (P) 0.5%GP 07 381 Turk Street L.P. (P) 1%GP 07 Community Investment L.P. (Oak Village Apartments) (P) 1%GP 07 Crescent Manor Associates L.P. (P) 2.85%GP 07 The IBEX Group (P) 10%GP 08 Del Norte Place L.P. (P) 18%GP 08 Woodhaven Senior Residences L.P. (P) 1%GP 07 Jackie Robinson Apartments L.P. (P) 1.67%GP 07 Larkspur Isle L.P. (P) 0.5%GP 07 Las Casitas L.P. (P) 0.5%GP 07 Mason Street Enterprises L.P. (P) 1%GP 07 Piper Court G.P. (P) 99.9%GP 07 Shiloh Arms L.P. (P) 1%GP/9.8%LP 07 St. John's L.P. (P) 1%GP/19.6%LP 07 Village East Apartments L.P. (P) 2.48%GP 05 EDISON CAPITAL HOUSING NEW JERSEY 06 El Barrio Academy Urban Renewal Associates, L.P. (Academy Street) (P) 98.99% 06 Pellettieri Homes Urban Renewal Associates, L.P. (P) 98.99% 05 EDISON CAPITAL HOUSING NEW YORK 06 WPA/Edison LLC (Pier A) (P) 99% 05 EDISON CAPITAL HOUSING PENNSYLVANIA 06 Lackawana Housing Associates LLC (Goodwill Neighborhood Residences) (P) 98.99% 06 McFarland Press Associates (P) 98.99% 06 Villa Maria Housing L.P. (P) 98.99% 05 EDISON HOUSING GEORGIA 06 HMB-Atlanta I L.P. (Spring Branch) (P) 99% 05 EDISON HOUSING NORTH CAROLINA 06 Edison Capital Contributions VI Partners (P) 4.03% 07 ECH Investor Partners VI-A L.P. (P) 15.39% 08 Edison Capital Housing Partners VI L.P. (P) 61.82% 09 Admiralty Heights Associates II 1995 L.P. (Kent Manor)(P) 99% 09 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) (P) 99% 09 Altamont Hotel Associates L.P. (P) 99% 09 Bradley Manor Senior Apartments L.P. (P) 99% 09 Double X Associates 1995 L.P. (Terrace Manor) (P) 99% 09 Hamilton Place Apartments L.P. (Larkin Place) (P) 99% 09 Hamilton Place Senior Living L.P. (P) 99% 09 Hearthstone Group 3 L.P. (Evergreen Court) (P) 99% 09 KDF Malabar L.P. (P) 99% 09 LINC-Bristol Associates I, L.P. (City Gardens) (P) 99% 09 MAS-WT, L.P. (Washington Terrace) (P) 99% 09 Northwood Manor Associates L.P. (P) 99% 09 Silver Lake Properties L.P. (P) 99% 09 University Park Properties L.P. (P)99% 09 Upland Senior Housing L.P. (Coy D. Estes) (P) 99% 09 Vista Verde Townhomes II LLC (P) 99% 09 Vista Properties LLC (Vista View) (P) 99% 07 ECH Investor Partners VI-B L.P. (P) 15.39% 08 Edison Capital Housing Partners VI L.P. (P) 37.18% 09 Admiralty Heights Associates II 1995 L.P. (Kent Manor) (P) 99% 09 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) (P) 99% 09 Altamont Hotel Associates L.P. (P) 99% 09 Bradley Manor Senior Apartments L.P. (P) 99% 09 Double X Associates 1995 L.P. (Terrace Manor) (P) 99% 8 09 Hamilton Place Apartments L.P. (Larkin Place) (P) 99% 09 Hamilton Place Senior Living L.P. (P) 99% 09 Hearthstone Group 3 L.P. (Evergreen Court) (P) 99% 09 KDF Malabar L.P. (P) 99% 09 LINC-Bristol Associates I, L.P. (City Gardens) (P) 99% 09 MAS-WT, L.P. (Washington Terrace) (P) 99% 09 Northwood Manor Associates L.P. (P) 99% 09 Silver Lake Properties L.P. (P) 99% 09 University Park Properties L.P. (P)99% 09 Upland Senior Housing L.P. (Coy D. Estes) (P) 99% 09 Vista Verde Townhomes II LLC (P) 99% 09 Vista Properties LLC (Vista View) (P) 99% 05 EDISON HOUSING OREGON, INC. 05 EDISON HOUSING SOUTH CAROLINA 06 Edison Capital Contributions VI Partners (P) 4.20% 07 ECH Investor Partners VI-A L.P. (P) 15.39% 08 Edison Capital Housing Partners VI L.P. (P) 61.82% 09 Admiralty Heights Associates II 1995 L.P. (Kent Manor) (P) 99% 09 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) (P) 99% 09 Altamont Hotel Associates L.P. (P) 99% 09 Bradley Manor Senior Apartments L.P. (P) 99% 09 Double X Associates 1995 L.P. (Terrace Manor) (P) 99% 09 Hamilton Place Apartments L.P. (Larkin Place) (P) 99% 09 Hamilton Place Senior Living L.P. (P) 99% 09 Hearthstone Group 3 L.P. (Evergreen Court) (P) 99% 09 KDF Malabar L.P. (P) 99% 09 LINC-Bristol Associates I, L.P. (City Gardens)(P)99% 09 MAS-WT, L.P. (Washington Terrace) (P) 99% 09 Northwood Manor Associates L.P. (P) 99% 09 Silver Lake Properties L.P. (P) 99% 09 University Park Properties L.P. (P)99% 09 Upland Senior Housing L.P. (Coy D. Estes) (P) 99% 09 Vista Verde Townhomes II LLC (P) 99% 09 Vista Properties LLC (Vista View) (P) 99% 07 ECH Investor Partners VI-B L.P. (P) 15.39% 08 Edison Capital Housing Partners VI L.P. (P) 37.18% 09 Admiralty Heights Associates II 1995 L.P.(Kent Manor) (P) 99% 09 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) (P) 99% 09 Altamont Hotel Associates L.P. (P) 99% 09 Bradley Manor Senior Apartments L.P. (P) 99% 09 Double X Associates 1995 L.P. (Terrace Manor) (P) 99% 09 Hamilton Place Apartments L.P. (Larkin Place) (P) 99% 09 Hamilton Place Senior Living L.P. (P) 99% 09 Hearthstone Group 3 L.P. (Evergreen Court) (P) 99% 09 KDF Malabar L.P. (P) 99% 09 LINC-Bristol Associates I, L.P. (City Gardens) (P)99% 09 MAS-WT, L.P. (Washington Terrace) (P) 99% 09 Northwood Manor Associates L.P. (P) 99% 09 Silver Lake Properties L.P. (P) 99% 09 University Park Properties L.P. (P)99% 09 Upland Senior Housing L.P. (Coy D. Estes) (P) 99% 09 Vista Verde Townhomes II LLC (P) 99% 09 Vista Properties LLC (Vista View) (P) 99% 05 Edmundson Associates L.P. (Willows) (P) 99% 05 EHI DEVELOPMENT COMPANY 05 EHI DEVELOPMENT FUND 05 Electra Arms Senior Associates L.P. (P) 99% 05 Elizabeth West & East L.P. (P) 99% 05 Farm (The) Associates L.P. (P) 99% 05 Florence Apartments LLC (P) 99% 05 Gilroy Redwood Associates L.P. (Redwoods) (P) 99% 9 05 Ginzton Associates L.P. (P) 99% 05 Grace Housing L.P. (P) 99% 05 Grandy Lake 1996 L.P. (Grandy Lake Residences) (P) 99% 05 Grossman Apartments Investors L.P. (P) 99% 05 Harry Clark Jr. Residential Center LLC (P) 99% 05 Heartland-Wisconsin Rapids Timber Trails LLC (Timber Trails)(P)99% 05 Heather Glen Associates L.P. (P) 99% 05 Heritage Partners L.P. (P) 99% 05 Holy Family Associates L.P. (P) 99% 05 Hotel Elkhart L.L.C. (The Cornerstone) (P) 99% 05 KDF Park Glenn L.P. (Park Glenn) (P) 99% 05 KDF Santa Paula L.P. (Santa Paula) (P) 99% 05 Kennedy Lofts Associates L.P. (Massachusetts partnership) 97% 05 Lark Ellen L.P. (P) 99% 05 LL Housing L.P. (Maryland partnership) (P) 99% 05 LL Housing L.L.C. (P) 99% 05 Madison/Mollison L.P. (Park Mollison) (P) 99% 05 Maplewood School Apartments L.P. (P) 99% 05 Mar Associates L.P. (Frank Mar) (P) 99% 05 Marlton Residences Associates L.P. (P) 99% 05 Mercy Housing California IX L.P. (Sycamore) (P) 99% 05 Merrill Road Associates L.P. (P) 99% 05 MH I L.P. (P) 1% 06 California Park Apartments L.P. (P) 1% of 99% 05 MH II L.P. (P) 1% 06 5363 Dent Avenue Associates L.P. (P) 1% of 99% 05 MH III L.P. (P) 1% 06 DeRose Housing Associates L.P. (P) 1% of 99% 05 MH IV L.P. (P) 1% 06 MPT Apartments L.P. (MacArthur Park) (P) 1% of 99% 05 MH V L.P. (P) 1% 06 Centennial Place L.P. (P) 1% of 99% 05 MHICAL 94 COMPANY 06 MHICAL 94 L.P. (Delaware partnership) 99%LP 07 Mayacamas Village Associates L.P. (P) 99% of 99% 07 Rincon De Los Esteros Associates L.P. (P) 99% of 99% 07 West Capital Courtyard L.P. (P) 99% of 99% 07 Winfield Hill Associates L.P. (P) 99% of 99% 05 MHICAL 94 L.P. (Delaware partnership) 1%GP 06 Mayacamas Village Associates L.P. (P) 1% of 99% 06 Rincon De Los Esteros Associates L.P. (P) 1% of 99% 06 West Capital Courtyard L.P. (P) 1% of 99% 06 Winfield Hill Associates L.P. (P) 1% of 99% 05 MHICAL 95 COMPANY 06 MHICAL 95 L.P. (Delaware partnership) 99%LP 07 Abby Associates L.P. (Windmere) (P) 99% of 99% 07 Antelope Associates L.P. (P) 99% of 99% 07 Baker Park Associates L.P. (P) 99% of 99% 07 Bracher Associates L.P. (P) 99% of 99% 07 Colina Vista L.P. (P) 99% of 99% 07 ECH/HFC GP Partnership No. 2 (P) 43.3% 08 Edison Capital Housing Partners VIII L.P. (P) 18.54% 09 Catalonia Associates L.P. (P) 99% 09 Ohlone Housing Associates L.P. (P) 99% 07 Florin Woods Associates L.P. (P) 99% of 99% 07 Mercy Housing California VI L.P. (205 Jones) (P) 99% of 99% 07 Pinmore Associates L.P. (P) 99% of 99% 07 Sunset Creek Partners L.P. (P) 99% of 99% 05 MHICAL 95 L.P. (Delaware partnership) 1%GP 06 Abby Associates L.P. (Windmere) (P) 1% of 99% 06 Antelope Associates L.P. (P) 1% of 99% 06 Baker Park Associates L.P. (P) 1% of 99% 06 Bracher Associates L.P. (P) 1% of 99% 06 Colina Vista L.P. (P) 1% of 99% 10 06 ECH/HFC GP Partnership No. 2 (P) 43.3% 07 Edison Capital Housing Partners VIII L.P. (P) 18.54% 08 Catalonia Associates L.P. (P) 99% 08 Ohlone Housing Associates L.P. (P) 99% 06 Florin Woods Associates L.P. (P) 1% of 99% 06 Mercy Housing California VI L.P. (205 Jones) (P) 1% of 99% 06 Pinmore Associates L.P. (P) 1% of 99% 06 Sunset Creek Partners L.P. (P) 1% of 99% 05 MHICAL 96 COMPANY 06 MHICAL 96 L.P. (Delaware partnership) 99%LP 07 2814 Fifth Street Associates L.P. (Land Park Woods) (P) 99% 07 ECH/HFC GP Partnership No. 1 (P) 50.4% 08 Edison Capital Housing Partners VII L.P. (P) 19.4% 09 C-Court L.P. (Cawelti Court) (P) 99% 09 Cottonwood Affordable Housing L.P. (P) 99% 09 Fifth & Wilshire (P) 99% 09 Flagstaff Affordable Housing II, L.P. (Forest View Apts.) (P) 99% 09 Huff Avenue Associates L.P. (P) 99% 09 Mountain View Townhomes Associates L.P. (P) 99% 09 Oak Forest Associates L.P. (P) 99% 09 Paradise Road Partners L.P. (Gateway Village) (P) 99% 09 Woodland Arms Apartments, Ltd. (P) 99% 07 Greenway Village Associates L.P. (P) 99% of 99% 07 Kennedy Court Partners L.P. (P) 99% of 99% 07 Klamath Associates L.P. (P) 99% of 99% 07 Sky Parkway Housing Associates L.P. (P) 99% of 99% 07 Strobridge Housing Associates L.P. (P) 99% of 99% 07 Westgate Townhomes Associates L.P. (P) 99% of 99% 05 MHICAL 96 L.P. (Delaware partnership) 1%GP 06 2814 Fifth Street Associates L.P. (Land Park Woods) (P) 99% 06 ECH/HFC GP Partnership No. 1 (P) 50.4% 07 Edison Capital Housing Partners VII L.P. (P) 19.4% 08 C-Court L.P. (Cawelti Court) (P) 99% 08 Cottonwood Affordable Housing L.P. (P) 99% 08 Fifth & Wilshire (P) 99% 08 Flagstaff Affordable Housing II, L.P. (Forest View Apts.) (P) 99% 08 Huff Avenue Associates L.P. (P) 99% 08 Mountain View Townhomes Associates L.P. (P) 99% 08 Oak Forest Associates L.P. (P) 99% 08 Paradise Road Partners L.P. (Gateway Village) (P) 99% 08 Woodland Arms Apartments, Ltd. (P) 99% 06 Greenway Village Associates L.P. (P) 1% of 99% 06 Kennedy Court Partners L.P. (P) 1% of 99% 06 Klamath Associates L.P. (P) 1% of 99% 06 Sky Parkway Housing Associates L.P. (P) 1% of 99% 06 Strobridge Housing Associates L.P. (P) 1% of 99% 06 Westgate Townhomes Associates L.P. (P) 1% of 99% 05 MHICAL 97 COMPANY 06 MHICAL 97 L.P. 99%LP 07 Alma Place Associates L.P. (P) 99% of 99% 07 ECH/HFC GP Partnership No. 1 (P) 14.7% 08 Edison Capital Housing Partners VII L.P. (P) 19.4% 09 C-Court L.P. (Cawelti Court) (P) 99% 09 Cottonwood Affordable Housing L.P. (P) 99% 09 Fifth & Wilshire (P) 99% 09 Flagstaff Affordable Housing II, L.P. (Forest View Apts.) (P) 99% 09 Huff Avenue Associates L.P. (P) 99% 09 Mountain View Townhomes Associates L.P. (P) 99% 09 Oak Forest Associates L.P. (P) 99% 09 Paradise Road Partners L.P. (Gateway Village) (P) 99% 09 Woodland Arms Apartments, Ltd. (P) 99% 11 07 Garnet Housing Associates (P) 99% of 99% 07 Monterra Village Associates L.P. (P) 99% of 99% 07 Walnut Avenue Partnership L.P. (P) 99% of 99% 05 MHICAL 97 L.P. 1%GP 06 Alma Place Associates L.P. (P) 1% of 99% 06 ECH/HFC GP Partnership No. 1 (P) 14.7% 07 Edison Capital Housing Partners VII L.P. (P) 19.4% 08 C-Court L.P. (Cawelti Court) (P) 99% 08 Cottonwood Affordable Housing L.P. (P) 99% 08 Fifth & Wilshire (P) 99% 08 Flagstaff Affordable Housing II, L.P. (Forest View Apts.) (P) 99% 08 Huff Avenue Associates L.P. (P) 99% 08 Mountain View Townhomes Associates L.P. (P) 99% 08 Oak Forest Associates L.P. (P) 99% 08 Paradise Road Partners L.P. (Gateway Village) (P) 99% 08 Woodland Arms Apartments, Ltd. (P) 99% 06 Garnet Housing Associates (P) 1% of 99% 06 Monterra Village Associates L.P. (P) 1% of 99% 06 Walnut Avenue Partnership L.P. (P) 1% of 99% 05 MHIFED 94 COMPANY 05 MHIFED 94 L.P. (Delaware partnership) 1%GP; 99%LP to NYNEX 06 Berry Avenue Associates L.P. (P) 1% of 99% 06 Carlton Way Apartments L.P. (P) 1% of 99% 06 CDR Senior Housing Associates (Casa del Rio) (P) 1% of 99% 06 Corona Ely/Ranch Associates L.P. (P) 1% of 99% 06 Fairview Village Associates L.P. (P) 1% of 99% 06 Fell Street Housing Associates L.P. (P) 1% of 99% 06 Hope West Apartments L.P. (P) 1% of 99% 06 Morrone Gardens Associates L.P. (P) 1% of 99% 06 Pajaro Court Associates L.P. (P) 1% of 99% 06 Tierra Linda Associates L.P. (P) 1% of 99% 06 Tlaquepaque Housing Associates L.P. (P) 1% of 99% 05 MHIFED 95 COMPANY 05 MHIFED 95 L.P. (Delaware partnership) 1%GP; 99%LP to NYNEX 06 Avalon Courtyard L.P. (Carson Senior Housing) (P) 1% of 99% 06 Hollywood El Centro L.P. (P) 1% of 99% 06 La Brea/Franklin L.P. (P) 1% of 99% 06 Larkin Pine L.P. (P) 1% of 99% 06 Mercy Housing California III L.P. (3rd & Reed) (P) 1% of 99% 06 Pinole Grove Associates L.P. (P) 1% of 99% 06 Second Street Center L.P. (Santa Monica) (P) 1% of 99% 06 Solinas Village Partners L.P. (P) 1% of 99% 06 Three Oaks Housing L.P. (P) 1% of 99% 06 1101 Howard Street Associates L.P. (P) 1% of 99% 05 MHIFED 96 COMPANY 05 MHIFED 96 L.P. (Delaware partnership) 5%GP; 95%LP to Cargill 06 Lavell Village Associates L.P. (P) 5% of 99% 06 North Town Housing Partners L.P. (Villa del Norte Village) (P) 5% of 99% 06 Poco Way Associates L.P. (P) 5% of 99% 06 Seasons Affordable Senior Housing L.P. (P) 5% of 99% 05 MHIFED 96A COMPANY 05 MHIFED 96A L.P. (Delaware partnership) 1%GP; 99%LP to NYNEX 06 Good Samaritan Associates L.P. (P) 1% of 99% 06 Metro Senior Associates L.P. (P) 1% of 99% 06 Oxnard Housing Associates L.P. (P) 1% of 99% 06 Reseda Village L.P. (P) 1% of 99% 06 Round Walk Village Apartments L.P. (P) 1% of 99% 06 Santa Alicia Family Housing Associates (P) 1% of 99% 06 Vine Street Court L.P. (P) 1% of 99% 06 Vine Street Court L.P. II (P) 1% of 99% 05 MHIFED 97 COMPANY 06 MHIFED 97 L.P. 1%GP 05 MHIFED 97 L.P. 99%LP 12 05 Mid-Peninsula Century Village Associates L.P. (Century Village) (P) 99% 05 Mid-Peninsula Sharmon Palms Associates L.P. (Sharmon Palms) (P) 99% 05 Mission Capp L.P. (P) 99% 05 MISSION HOUSING ALPHA 06 Lee Park Investors L.P. (Pennsylvania partnership) 99% 05 MISSION HOUSING BETA 06 Richmond City Center Associates L.P. (P) 99% 05 MISSION HOUSING DELTA 06 MH I L.P. (P) 99% 07 California Park Apartments L.P. (P) 99% of 99% 06 MH II L.P. (P) 99% 07 5363 Dent Avenue Associates L.P. (P) 99% of 99% 06 MH III L.P. (P) 99% 07 DeRose Housing Associates L.P. (P) 99% of 99% 06 MH IV L.P. (P) 99% 07 MPT Apartments L.P. (MacArthur Park) (P) 99% of 99% 06 MH V L.P. (P) 99% 07 Centennial Place L.P. (P) 99% of 99% 05 MISSION HOUSING DENVER 06 Mercantile Square L.P. (P) 99% 06 North Park Village LLC (P) 99% 05 MISSION HOUSING EPSILON 06 Knolls Community Associates L.P. (P) 99% 06 Riverside/Liebrandt Partners L.P. (La Playa) (P) 99% 05 MISSION HOUSING GAMMA 06 Del Carlo Court Associates L.P. (P) 99% 05 MISSION HOUSING HOLDINGS 06 Mission Housing Partnership 1996 L.P. 99%LP (Delaware partnership) 07 La Terraza Associates L.P. (Carlsbad Villas at Camino Real) (P) 99% of 99% 05 Mission Housing Partnership 1996 L.P. 1%GP (Delaware partnership) 06 La Terraza Associates L.P. (Carlsbad Villas at Camino Real) (P) 1% of 99% 05 MISSION HOUSING THETA 06 MISSION FUNDING THETA 07 Brantwood II Associates L.P. (P) 0.01% 07 Brooks School Associates L.P. (P) 0.01% 07 Burlington Senior Housing LLC (P) 0.01% 07 Cedarshores Limited Dividend Housing Association L.P. (P) 0.01% 07 Eastwood Homes L.P. (P) 0.01% 07 El Barrio Academy Urban Renewal Associates, L.P. (Academy Street) (P) 0.01% 07 Lackawana Housing Associates LLC (Goodwill Neighborhood Residences) (P) 0.01% 07 McFarland Press Associates (P) 0.01% 07 Oakdale Terrace Leased Housing Associates L.P. (P) 0.01% 07 Pellettieri Homes Urban Renewal Associates, L.P. (P) 0.01% 07 Persimmon Associates L.P. (P) 0.01% 07 Roebling Village Inn Urban Renewal L.P. (P) 0.01% 07 Sherman Glen, L.L.C. (P) 0.01% 07 Timber Sound, Ltd. (P) 0.01% 07 Timber Sound II, Ltd. (P) 0.01% 07 Villa Maria Housing L.P. (P) 0.01% 07 Westfield Condominium Investment L.P. (P) 0.01% 07 Woodleaf Village L.P. (P) 0.01% 06 Mission Housing Investors Partnership 5%GP; 95%LP to GECC 07 Forest Winds Associates L.P. (P) 5% of 99% 07 Glen Eden Associates L.P. (A Street) (P) 5% of 99% 07 Gray's Meadows Investors L.P. (P) 5% of 99% 07 Prince Bozzuto L.P. (Fairground Commons) (Maryland partnership) 5% of 99% 07 Rancho Park Associates L.P. (P) 5% of 99% 07 Rustic Gardens Associates L.P. (P) 5% of 99% 13 07 Sea Ranch Apartments L.P. (P) 5% of 99% 07 Springdale Kresson Associates L.P. (Jewish Federation) (New Jersey partnership) 5% of 99% 07 1028 Howard Street Associates L.P. (P) 5% of 99% 05 MISSION HOUSING ZETA 06 Fremont Building L.P. (Crescent Arms) (P) 99% 05 MISSION SA COMPANY 05 Morgan Hill Ranch Housing L.P. (P) 99% 05 National Boston Lofts Associates LLLP (Boston Lofts) (P) 99% 05 Neary Lagoon Partners L.P. (P) 99% 05 New Harbor Vista Apartments (C) 99% 05 Oakdale Terrace Leased Housing Associates L.P. (P) 98.99% 05 Oceanside Gardens L.P. (P) 99% 05 Olive Court Apartments L.P. (P) 98.9% 05 Omaha Amber Ridge L.P. (Amber Ridge) (P) 99% 05 Ontario Senior Housing L.P. (Ontario Plaza) (P) 98.9% 05 Open Door Associates L.P. (West Valley) (P) 99% 05 Pacific Terrace Associates L.P. (C) 99% 05 Pacifica Community Associates L.P. (Villa Pacifica) (P) 99% 05 Palmer House L.P. (P) 99% 05 Pecan Court Associates L.P. (C) 99% 05 Persimmon Associates L.P. (P) 98.99% 05 Pilot Grove L.P. (Massachusetts partnership) 99% 05 Pinewood on Wisconsin Apartments (P) 99% 05 Post Office Plaza L.P. (Ohio partnership) 99% 05 President John Adams Manor Apartments L.P. (P) 99% 05 Providence-Brown Street Housing L.P. (Brown Street) (P) 99.9% 05 PVA L.P. (Park Victoria) (P) 99% 05 Red Lake Homes (P) 99% 05 Riverwalk Apartments, Ltd. (Colorado) (P) 99% 05 Roebling Village Inn Urban Renewal L.P. (P) 98.99% 05 Rosebloom Associates L.P. (Oakshade) (P) 99% 05 Rosecreek Senior Living L.P. (P) 99.9% 05 San Juan Commons 1996 L.P. (P) 99% 05 San Pablo Senior Housing Associates L.P. (P) 99% 05 San Pedro Gardens Associates L.P. (P) 99% 05 Santa Paulan Senior Apartments Associates L.P. (The Paulan)(P)99% 05 Schoolhouse Court Housing Associates L.P. (C) 99% 05 Sherman Glen, L.L.C. (P) 98.99% 05 South Beach Housing Associates L.P. (Steamboat) (P) 99% 05 South Winery Associates L.P. (The Winery Apartments) (P) 99% 05 Stoney Creek Associates L.P. (P) 99% 05 Stony Point Apartment Investors L.P. (Panas Place) (P) 99.9% 05 Studebaker Building L.P. (P) 99% 05 Sultana Acres Associates L.P. (P) 99% 05 Tabor Grand L.P. (Colorado partnership) 99% 05 Terra Cotta Housing Associates L.P. (C) 99% 05 The Josephinum Associates L.P. (Washington partnership) 99% 05 Thomson Rental Housing, L.P. (Washington Place) (P) 99% 05 Timber Sound, Ltd. (P) 98.99% 05 Timber Sound II, Ltd. (P) 98.99% 05 Trinity Park Apartments L.P. (P) 99% 05 Trolley Terrace Townhomes L.P. (P) 99% 05 Tuscany Associates L.P. (Tuscany Villa) (P) 99% 05 Twin Ponds Apartments L.P. (P) 99% 05 Venbury Trail L.P. (P) 99% 05 Wall Street Palmer House L.P. (P) 99% 05 WGA INVESTORS COMPANY [dead project] 05 Washington Creek Associates L.P. (P) 99% 05 West Valley Hart L.P. (Hart & Alabama) (P) 99.9% 05 Westfield Condominium Investment L.P. (P) 98.99% 05 Westport Village Homes Associates L.P. (P) 99% 05 Wheeler Manor Associates L.P. (P) 99% 05 White Mountain Apache L.P. (P) 99% 05 Woodleaf Village L.P. (P) 98.99% 14 05 Women's Westlake L.P. (Dorothy Day) (P) 99% 05 Yale Street L.P. (P) 99.9% 05 YWCA Villa Nueva Partners L.P. (P) 99% 04 EDISON FUNDING OMICRON GP 05 Olive Court Housing Associates L.P. (P) 0.1% 05 Ontario Senior Housing L.P. (Ontario Plaza) (P) 0.1% 04 EDISON INTEGRATED ENERGY SERVICES 04 MISSION FIRST ASSET INVESTMENT 04 MISSION FUNDING BETA 04 MISSION FUNDING EPSILON 05 EDISON CAPITAL (BERMUDA) INVESTMENTS, LTD. (Bermuda corporation) Address: Clarendon House, 2 Church Street, Hamilton HM CX, Bermuda 06 Edison Capital LAI (Bermuda) Ltd. (Bermuda corporation) 07 Trinidad and Tobago Methanol Company Limited 1.0% 06 Edison Capital Latin American Investments (Bermuda) Ltd. (Bermuda corporation) 33.3% 07 AIG-GE Capital Latin American Infrastructure Fund LP 8% 07 AIG Asian Infrastructure Fund II LP 5.8% 05 EDISON CAPITAL INTERNATIONAL (BERMUDA) LTD. 06 Edison Capital Latin American Investments (Bermuda) Ltd. (Bermuda corporation) 33.3% 07 AIG-GE Capital Latin American Infrastructure Fund LP 8% 07 AIG Asian Infrastructure Fund II LP 5.8% 06 Electricidad de La Paz S.A. (Electropaz) 10% 06 Lyonnaise Latin America Water Corporation Ltd. 25.8% 06 Olmeca Cable Investments Ltd. (Mandeville Mexico, S.A.) 21.7% 05 Edison Capital Latin American Investments Holding Company (Delaware corporation) 06 Edison Capital Latin American Investments (Bermuda) Ltd. (Bermuda corporation) 33.3% 07 AIG-GE Capital Latin American Infrastructure Fund LP 8% 07 AIG Asian Infrastructure Fund II LP 5.8% 05 EDISON CAPITAL (NETHERLANDS) HOLDINGS B.V. 06 EDISON CAPITAL (NETHERLANDS) INVESTMENTS B.V. 07 Law Hospital 20% 05 GEM Energy Company (New York partnership) 50% 05 MISSION FUNDING ALPHA 06 MISSION FUNDING MU 07 EPZ Mission Funding Mu Trust (equity interest in foreign utility company) [see 4.01] 05 MISSION FUNDING DELTA 06 MISSION FUNDING NU 07 EPZ Mission Funding Nu Trust (equity interest in foreign utility company) [see 4.02] 05 MISSION INVESTMENTS, INC. (U.S. Virgin Islands corporation) Address: ABN Trustcompany, Guardian Building, Havensight, 2nd Floor, St. Thomas, U.S. Virgin Islands 05 MISSION (BERMUDA) INVESTMENTS, LTD. (Bermuda corporation) Address: Clarendon House, 2 Church Street, Hamilton HM CX, Bermuda 04 MISSION FUNDING GAMMA 04 MISSION FUNDING KAPPA 05 ABB Funding Partners, L.P. (P) 14.27% 04 MISSION FUNDING ZETA 05 Huntington L.P. (New York partnership) 50% 05 Lakota Ridge LLC 75% 05 Shaokatan Hills LLC 75% 05 Woodstock Hills LLC 75% 03 EDISON MORTGAGE COMPANY 03 MISSION BARTLETT HILL COMPANY 04 Bartlett Hill Associates L.P. (P) 30% [29%LP, 1%GP]; 100% w/ ECHI 03 MISSION INTERNATIONAL CAPITAL, INC. 03 RENEWABLE ENERGY CAPITAL COMPANY 15 02 MISSION LAND COMPANY is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 800, Irvine, California 92612-1046. It is engaged, directly and through its subsidiaries, in the business of owning, managing and selling industrial parks and other real property investments. The subsidiaries and partnerships of Mission Land Company are listed below. Unless otherwise indicated, all entities are corporations, are organized under the laws of the State of California, and have the same principal place of business as Mission Land Company. 03 ASSOCIATED SOUTHERN INVESTMENT COMPANY 03 CALABASAS PALATINO, INC. (inactive) 03 Carol Stream Developers G.P. (Illinois partnership) 60%GP 03 Centrelake Partners, L.P. (limited partnership) 98%GP 03 IRWINDALE LAND COMPANY (inactive) 03 MISSION AIRPORT PARK DEVELOPMENT CO. 04 Carol Stream Developers G.P. (Illinois partnership) 40%GP 04 Centrelake Partners, L.P. (limited partnership) 2%LP 04 Mission Vacaville L.P. (limited partnership) 1%GP 03 MISSION INDUSTRIAL CONSTRUCTORS, INC. (inactive) 03 Mission-Oceangate (P) 75%GP 03 MISSION/ONTARIO, INC. (inactive) 03 MISSION SOUTH BAY COMPANY (inactive) 04 Mission-Oceangate (P) 25%GP 03 MISSION TEXAS PROPERTY HOLDINGS, INC. (inactive) 03 Mission Vacaville L.P. (limited partnership) 99%LP 02 MISSION POWER ENGINEERING COMPANY is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 1700, Irvine, California 92612-1046. It is currently an inactive company. The subsidiaries of Mission Power Engineering Company are listed below. Unless otherwise indicated, all entities are corporations, are organized under the laws of the State of California, and have the same principal place of business as Mission Power Engineering Company. 03 ASSOCIATED SOUTHERN ENGINEERING COMPANY (inactive) 16 02 EDISON MISSION ENERGY is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 1700, Irvine, California 92612- 1046. Edison Mission Energy owns the stock of a group of corporations which, primarily through partnerships with non- affiliated entities, are engaged in the business of developing, owning and/or operating cogeneration, geothermal and other energy or energy-related projects pursuant to the Public Utility Regulatory Policies Act of 1978. Edison Mission Energy, through wholly owned subsidiaries, also has ownership interests in a number of independent power projects in operation or under development that either have been reviewed by the Commission's staff for compliance with the Act or are or will be exempt wholesale generators or foreign utility companies under the Energy Policy Act of 1992. In addition, some Edison Mission Energy subsidiaries have made fuel-related investments and a limited number of non-energy related investments. The subsidiaries and partnerships of Edison Mission Energy are listed below. Unless otherwise indicated, all entities are corporations, are organized under the laws of the State of California and have the same principal place of business as Edison Mission Energy. EDISON MISSION ENERGY DOMESTIC COMPANIES: 03 AGUILA ENERGY COMPANY (LP) 04 American Bituminous Power Partners, L.P. (Delaware limited partnership) 49.5%; 50% with Pleasant Valley 05 American Kiln Partners, L.P. (Delaware limited partnership) 49.5% of 53% 03 ANACAPA ENERGY COMPANY (GP) 04 Salinas River Cogeneration Company (P) 50% 03 ARROWHEAD ENERGY COMPANY (inactive) 03 BALBOA ENERGY COMPANY (GP) 04 Smithtown Cogeneration, L.P. (Delaware partnership) 50%; 100% w/Kingspark 03 BERGEN POINT ENERGY COMPANY (GP) 04 TEVCO/Mission Bayonne Partnership (Delaware G.P.) 50% 03 BLUE RIDGE ENERGY COMPANY (GP) 04 Bretton Woods Cogeneration, L.P. (Delaware limited partnership) 50%; 100% w/Bretton Woods 03 BRETTON WOODS ENERGY COMPANY (GP & LP) 04 Bretton Woods Cogeneration, L.P. (Delaware L.P.) 50%; 100% w/Blue Ridge 03 CAMINO ENERGY COMPANY (GP) 04 Watson Cogeneration Company (general partnership) 49% 03 CAPISTRANO COGENERATION COMPANY (GP) 04 James River Cogeneration Company (North Carolina partnership) 50% 03 CENTERPORT ENERGY COMPANY (GP & LP) 04 Riverhead Cogeneration I, L.P. (Delaware partnership) 50%; 100% w/Ridgecrest 03 CHESAPEAKE BAY ENERGY COMPANY (GP) 04 Delaware Clean Energy Project (Delaware general partnership) 50% 03 CHESTER ENERGY COMPANY (no partners; option Chesapeake,VA) 03 CLAYVILLE ENERGY COMPANY 04 Oconee Energy, L.P. (Delaware L.P.) 50%; 100% w/Coronado 03 COLONIAL ENERGY COMPANY (inactive) 03 CORONADO ENERGY COMPANY 04 Oconee Energy, L.P. (Delaware L.P.) 50%; 100% w/Clayville 03 DEL MAR ENERGY COMPANY (GP) 04 Mid-Set Cogeneration Company (P) 50% 03 DELAWARE ENERGY CONSERVERS, INC. (Delaware corporation) (inactive) 03 DESERT SUNRISE ENERGY COMPANY (Nevada corporation) (inactive) 03 DEVEREAUX ENERGY COMPANY (LP) 04 Auburndale Power Partners, L.P. (Delaware L.P.) 49%; 50% w/El Dorado [see 4.03] 17 03 EASTERN SIERRA ENERGY COMPANY (GP & LP) 04 Saguaro Power Company, L.P. (P) 50% 03 EAST MAINE ENERGY COMPANY (inactive) [dissolving] 03 EDISON ALABAMA GENERATING COMPANY 03 EDISON MISSION ENERGY FUEL 04 EDISON MISSION ENERGY OIL AND GAS 05 Four Star Oil & Gas Company (P) 50.1% (owns Lost Hills Cogeneration Facility) 04 EDISON MISSION ENERGY PETROLEUM (Gas contracts w/ Tex. Gas Mktg) 04 POCONO FUELS COMPANY (inactive) 04 SOUTHERN SIERRA GAS COMPANY 05 TM Star Fuel Company (general partnership) 50% 03 EDISON MISSION ENERGY FUNDING CORP. (Delaware corporation) 1% 03 Edison Mission Energy Interface Ltd. (British Columbia company) 04 The Mission Interface Partnership (Province of Ontario G.P.) 50% 03 EDISON MISSION HOLDINGS CO. 04 CHESTNUT RIDGE ENERGY COMPANY 05 EME Homer City Generation L.P. (Pennsylvania) 99% 04 EDISON MISSION FINANCE CO. 100% 04 MISSION ENERGY WESTSIDE, INC. 05 EME Homer City Generation L.P. (Pennsylvania) 1% 03 EDISON MISSION MARKETING & TRADING, INC. 03 EDISON MISSION OPERATION & MAINTENANCE, INC. (no partnership) 04 Mission Operations de Mexico, S.A. de C.V. 95% 03 EL DORADO ENERGY COMPANY (GP) 04 Auburndale Power Partners, L.P. (Delaware L.P.) 1%; 50% w/ Devereaux [see 4.03] 03 EMP, INC. (Oregon corporation) (GP & LP) (inactive) 03 FOUR COUNTIES GAS COMPANY (inactive) 03 HANOVER ENERGY COMPANY 04 Chickahominy River Energy Corp. (Virginia corporation) (GP & LP) 05 Commonwealth Atlantic L.P.(Delaware partnership) [see 4.05] 50% 03 HOLTSVILLE ENERGY COMPANY (GP & LP) 04 Brookhaven Cogeneration, L.P. (Delaware partnership) 50%; 100% w/Madera 03 INDIAN BAY ENERGY COMPANY (GP & LP) 04 Riverhead Cogeneration III, L.P. (Delaware partnership) 50%; 100% w/Santa Ana 03 JEFFERSON ENERGY COMPANY (GP & LP) (inactive) 03 KINGS CANYON ENERGY COMPANY (inactive) 03 KINGSPARK ENERGY COMPANY (GP & LP) 04 Smithtown Cogeneration, L.P. (Delaware partnership) 50%; 100% w/Balboa 03 LAGUNA ENERGY COMPANY (inactive) (former interest in Ambit) 03 LA JOLLA ENERGY COMPANY (inactive) (used for Belridge) 03 LAKEVIEW ENERGY COMPANY 04 Georgia Peaker, L.P. (Delaware L.P.) 50%; 100% w/Silver Springs 03 LEHIGH RIVER ENERGY COMPANY (inactive) 03 LONGVIEW COGENERATION COMPANY (held for Weyerhauser) 03 MADERA ENERGY COMPANY (GP) 04 Brookhaven Cogeneration, L.P. (Delaware partnership) 50%; 100% w/Holtsville 03 MADISON ENERGY COMPANY (LP) 04 Gordonsville Energy, L.P. (Delaware partnership) [see 4.06] 49%; 50% w/Rapidan 03 Mission Capital, L.P. (Delaware L.P.) 3%; MIPS partnership 03 MISSION/EAGLE ENERGY COMPANY (inactive) 03 MISSION ENERGY CONSTRUCTION SERVICES, INC. (Provides construction services for Paiton Project) 18 03 MISSION ENERGY HOLDINGS, INC. 04 Mission Capital, L.P. (Delaware L.P.) 97%; MIPS partnership 03 MISSION ENERGY HOLDINGS INTERNATIONAL, INC. [holds all the issued and outstanding stock of MEC International B.V.--see INTERNATIONAL section] 03 MISSION ENERGY INDONESIA (inactive) 03 MISSION ENERGY MEXICO (inactive) formerly the branch office in Mexico (no partnership) 03 MISSION ENERGY NEW YORK, INC. (GP & LP) 04 Brooklyn Navy Yard Cogeneration Partners, L.P. (Delaware partnership) 50% [see 4.04] 03 MISSION ENERGY WALES COMPANY 04 Mission Hydro Limited Partnership (UK limited partnership) 05 EME Generation Holdings Limited (UK limited partnership) 30% [See International section for structure of EME Generation Holdings Ltd.] 03 Mission Operations de Mexico, S.A. de C.V. 5% 03 MISSION TRIPLE CYCLE SYSTEMS COMPANY (GP) 04 Triple Cycle Partnership (Texas G.P.) 50% 03 NORTH JACKSON ENERGY COMPANY (inactive) [held for Akso Salt Proj] 03 NORTHERN SIERRA ENERGY COMPANY (GP) 04 Sobel Cogeneration Company (general partnership) 50% 03 ORTEGA ENERGY COMPANY (Mid-County Cogen gas contracts) 03 PANTHER TIMBER COMPANY (GP) 04 American Kiln Partners, L.P. (Delaware limited partnership) 2% 03 PARADISE ENERGY COMPANY (inactive) 03 PLEASANT VALLEY ENERGY COMPANY (GP) 04 American Bituminous Power Partners, L.P. (Delaware limited partnership) 0.5%; 50% w/Aguila 05 American Kiln Partners, L.P. (Delaware Limited Partnership) 03 PRINCE GEORGE ENERGY COMPANY (LP) 04 Hopewell Cogeneration Limited Partnership (Delaware limited partnership) 24.75% 04 Hopewell Cogeneration Inc. (Delaware corporation) 25% 05 Hopewell Cogeneration Limited Partnership (Delaware limited partnership) 1% 03 QUARTZ PEAK ENERGY COMPANY (LP) 04 Nevada Sun-Peak L.P. (Nevada partnership) [see 4.07] 50% 03 RAPIDAN ENERGY COMPANY (GP) 04 Gordonsville Energy, L.P. (Delaware partnership) [see 4.06] 1%; 50% w/Madison 03 REEVES BAY ENERGY COMPANY (GP & LP) 04 North Shore Energy L.P. (Delaware partnership) 50%; 100% w/Santa Clara 05 Northville Energy Corporation (New York corporation) 100% 03 RIDGECREST ENERGY COMPANY (GP) 04 Riverhead Cogeneration I, L.P. (Delaware partnership) 50%; 100% w/Centerport 03 RIO ESCONDIDO ENERGY COMPANY 03 RIVERPORT ENERGY COMPANY (GP & LP) 04 Riverhead Cogeneration II, L.P. (Delaware partnership) 50%; 100% w/San Pedro 03 SAN GABRIEL ENERGY COMPANY (inactive) (McKenzie gas contracts) 03 SAN JOAQUIN ENERGY COMPANY (GP) 04 Midway-Sunset Cogeneration Company, L.P. (P) 50% 03 SAN JUAN ENERGY COMPANY (GP) 04 March Point Cogeneration Company (P) 50% 03 SAN PEDRO ENERGY COMPANY (GP) 04 Riverhead Cogeneration II, L.P. (Delaware partnership) 50%; 100% w/Riverport 03 SANTA ANA ENERGY COMPANY (GP) 04 Riverhead Cogeneration III, L.P. (Delaware partnership) 50%; 100% w/Indian Bay 19 03 SANTA CLARA ENERGY COMPANY (GP) 04 North Shore Energy, L.P. (Delaware partnership) 50%; 100% w/Reeves Bay 05 Northville Energy Corporation (New York corporation) 100% 03 SILVERADO ENERGY COMPANY (GP) 04 Coalinga Cogeneration Company (P) 50% 03 SILVER SPRINGS ENERGY COMPANY 04 Georgia Peaker, L.P. (Delaware limited partnership) 50%; 100% w/Lakeview 03 SONOMA GEOTHERMAL COMPANY (GP & LP) 04 Geothermal Energy Partners Ltd. (P) (Aidlin) 5%LP 03 SOUTH COAST ENERGY COMPANY (GP) 04 Harbor Cogeneration Company (P) 30% 03 SOUTHERN SIERRA ENERGY COMPANY (GP) 04 Kern River Cogeneration Company (general partnership) 50% 03 THOROFARE ENERGY COMPANY (inactive) 03 VIEJO ENERGY COMPANY (GP) 04 Sargent Canyon Cogeneration Company (P) 50% 03 VISTA ENERGY COMPANY (New Jersey corporation) (inactive) 03 WESTERN SIERRA ENERGY COMPANY (GP) 04 Sycamore Cogeneration Company (general partnership) 50% EDISON MISSION ENERGY INTERNATIONAL COMPANIES: 04 MEC International B.V. (Netherlands corporation) (Holding Company 100% owned by MEC Holdings International, Inc. (California corp.)) Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 Beheer-en Beleggingsmaatschappij Botara B.V. (BHP Project) 100% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 Edison Mission Energy Asia Pte Ltd. (Singapore private company limited by shares) 100% (EME's Regional Asia Pacific Headquarters) Address: 391-B Orchard Road, Ngee Ann City, Tower B, 14th Floor, #14-08/10, Singapore 238874 06 Edison Mission Energy Asia Pacific Pte Ltd. (Singapore corporation) 100% Address: 391-B Orchard Road, Ngee Ann City, Tower B, 14th Floor, #14-08/10, Singapore 238874 06 Edison Mission Energy Fuel Company Pte Ltd. (Singapore corporation) 100% Address: 391-B Orchard Road, Ngee Ann City, Tower B, 14th Floor, #14-08/10, Singapore 238874 06 Edison Mission Operation & Maintenance Services Pte Ltd 100% Address: 391-B Orchard Road, Ngee Ann City, Tower B, 14th Floor, #14-08/10, Singapore 238874 06 P.T. Edison Mission Operation and Maintenance Indonesia (Indonesian company) 99% Address: Jl. Gen. A Yani No. 54 Probolinggo, East Java, Indonesia 05 Edison Mission Energy International B.V. (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 Edison Mission Energy Services B.V. (Netherlands company) 100% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 Edison Mission Operation & Maintenance Services B.V. (Netherlands company) 100% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 EME Tri Gen B.V. 100% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Tri Energy Company Limited (Tri Energy Project) (equity) 25% [see 4.17] Address: 16th Floor, Grant Amarin Tower, New Petchburi Road, Ratchathewi, Bangkok 10320 Thailand 05 EME Victoria B.V. 100% (inactive) Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 Global Generation B.V. 100% Address: Croeselaan 18, 3521 CB Utrecht, The Netherlands 20 05 Hydro Energy B.V. (Netherlands limited liability company) 10% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Iberica de Energias, S.A. (Spain corp) 96.65% [see 4.08] Address: Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain 07 Electrometalurgica del Ebro, S.A. ("EMESA") (Spain corporation) [see 4.09] 91.32% Address: Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain 08 Monasterio de Rueda, S.L. (Spain) 100% Address: Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain 05 Iberian Hy-Power Amsterdam B.V. (Netherlands limited liability company) 100% Address: Strawinskylaan 1725, Amsterdam, NOORD-HOLL 1077 XX 06 Aprohiso S.A. (Spain corporation) (inactive) 100% Address: Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain 06 Hydro Energy B.V. (Netherlands company) 90% 07 Iberica de Energias, S.A. (Spain corporation) 96.65% [see 4.08] 08 Electrometalurgica del Ebro, S.A. ("EMESA") (Spain corporation) 91.32% [see 4.09] 09 Monasterio de Rueda, S.L. (Spain) 100% 06 Iberica de Energias, S.A. (Spain corporation) 3.35% [see 4.08] 07 Electrometalurgica del Ebro, S.A. ("EMESA") (Spain corporation) 91.32% [see 4.09] 08 Monasterio de Rueda, S.L. (Spain) 100% 06 Saltos del Porma, S.A. 05 Latrobe Power Pty. Ltd. (Australian corporation) 99% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 06 Mission Victoria Partnership (Australian partnership) 52.31% (100% w/ Traralgon PPL 46.69% and MEVALP 1%) 07 Latrobe Power Partnership (Australian partnership) 99% 08 Loy Yang B Joint Venture (Australian joint venture) [see 4.10] 51%; 49% to Gippsland 05 Loy Yang Holdings Pty Ltd (Australia corporation) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 06 Edison Mission Energy Holdings Pty Ltd (Australian corp.) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 07 Edison Mission Energy Australia Ltd. (Australian public company) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 08 Latrobe Power Partnership (Australian partnership) 1% 09 Loy Yang B Joint Venture(Australian J.V.)[see 4.10]51% 07 Edison Mission Energy Australia Pilbara Power Pty Ltd. (Australia company) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 07 Edison Mission Energy Taupo Ltd. (Australia company) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 07 Edison Mission Operation & Maintenance Kwinana Pty Ltd (Australia) 100% (Operator of Kwinana Project) Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 07 Edison Mission Operation & Maintenance Loy Yang Pty Ltd (Australian corporation) 100% Address: P.O. Box 1792, Traralgon, Victoria 3844,Australia 07 Mission Energy Holdings Superannuation Fund Pty Ltd. (retirement fund required by Australia law) 100% 21 07 Mission Energy (Kwinana) Pty Ltd (Australia) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 08 Kwinana Power Partnership (Australian G.P.) 1% Address: Level 23, St. Martins Tower 44 St George's Terrace, Perth WA 6000 06 Latrobe Power Pty. Ltd. (Australian corporation) 1% 07 Mission Victoria Partnership (Australian partnership) 52.31% 08 Latrobe Power Partnership (Australian partnership) 99% 09 Loy Yang B Joint Venture (Australian J.V.) [see 4.10] 51% 06 Mission Energy Ventures Australia Pty. Ltd. (Australian company) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 07 Mission Victoria Partnership (Australian partnership) 1% 08 Latrobe Power Partnership (Australian partnership) 99% 09 Loy Yang B Joint Venture (Australian J.V.) [see 4.10] 51% 06 Traralgon Power Pty. Ltd. (Australian corporation) 1% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 07 Mission Victoria Partnership (Australian partnership) 46.69% 08 Latrobe Power Partnership (Australian partnership) 99% 09 Loy Yang B Joint Venture (Australian J.V.) [see 4.10] 51% 05 MEC Esenyurt B.V. (Netherlands company) (Doga Project) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Doga Enerji Uretim Sanayi ve Ticaret L.S. (Turkish corporation) (Project company) 80% Address: Merkez Man, Mahallesi Caddesi 11/8, Esenyurt, Istanbul, Turkey 06 Doga Isi Satis Hizmetleri ve Ticaret L.S. (Turkish corporation) (Heat company) 80% Address: Merkez Man, Mahallesi Caddesi 11/8, Esenyurt, Istanbul, Turkey 06 Doga Isletme ve Bakim Ticaret L.S. (Turkish corporation) (O&M company) 80% Address: Merkez Man, Mahallesi Caddesi 11/8, Esenyurt, Istanbul, Turkey 05 MEC IES B.V. (Netherlands company) (ISAB Project) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 ISAB Energy Services s.r.l. 49% (services co ISAB Project) 05 MEC India B.V. (Netherlands company) (Jojobera Project) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Edison Mission Energy Power (Mauritius corporation) (Branch office in India) Address: Louis Leconte Street, Curepipe, Mauritius 05 MEC Indo Coal B.V. (Netherlands company) (Adaro Project) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 P. T. Adaro Indonesia (equity) 10% Address: Suite 704, World Trade Centre, Jl. Jend. Sudirman Kav. 31, Jakarta 12920 Indonesia 05 MEC Indonesia B.V. (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 P. T. Paiton Energy Company (Indonesia company) (equity) (Paiton Project) 40% [see 4.11] Address: Menara Batavia, 8th Floor, Jl. K. H. Mas Mansyur Kav. 126, Jakarta 10220 Indonesia 05 MEC International Holdings B.V. (Netherlands corp) 100% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Edison Mission Energy International B.V.(Netherlands company)1% 22 06 MEC Esenyurt B.V. (Netherlands company) (Doga Project) 1% 07 Doga Enerji Uretim Sanayi ve Ticaret L.S. (Turkish corporation) (Project company) 80% 07 Doga Isi Satis Hizmetleri ve Ticaret L.S. (Turkish corporation) (Heat company) 80% 07 Doga Isletme Bakim Ticaret L.S. (Turkish corporation) (O&M company) 80% 06 MEC IES B.V. (Netherlands company) (ISAB Project) 1% 07 ISAB Energy Services s.r.l. 49% 06 MEC India B.V. (Netherlands company) 1% 07 Edison Mission Energy Power (Mauritius corporation) 06 MEC Indo Coal B.V. (Netherlands company) (Adaro Project) 1% 07 P. T. Adaro Indonesia (equity) 10% 06 MEC Indonesia B.V. (Netherlands company) 1% 07 P. T. Paiton Energy Company (Indonesia company) (equity) (Paiton Project) 40% [see 4.11] 06 MEC Laguna Power B.V. (Netherlands company) (Thailand Project) 1% 07 Gulf Power Generation Co. Ltd. (Bangkok corporation) 40% 06 MEC Perth B.V. (Netherlands company) (Kwinana Project) 1% 07 Kwinana Power Partnership (Australian G.P.) [see 4.16] 06 MEC Priolo B.V. (Netherlands company) (ISAB Project) 1% 07 ISAB Energy, s.r.l. (Italian J.V. company) (equity) [see 4.12] 1% of 49% (quota, not shares) 06 MEC San Pascual B.V. (Netherlands company) 1% 07 San Pascual Cogeneration Company International B.V. 50% 08 San Pascual Cogeneration Company (Philippines) Ltd. (San Pascual Project) (equity) 1% 07 Morningstar Holdings B.V. (formerly Vestra B.V.) 50% 08 San Pascual Cogeneration Company (Philippines) Ltd. (San Pascual Project) (equity) 49% 06 MEC Sidi Krir B.V. (Netherlands company) 1% 06 MEC Sumatra B.V. (Netherlands company) 1% 06 MEC Wales B.V. (Netherlands Company) 1% 07 Mission Hydro Limited Partnership (UK limited partnership) 08 EME Generation Holdings Limited (UK company) 100% 09 Loyvic Pty Ltd. (Australia company) 100% 10 Energy Capital Partnership (Australia partnership) 1% 11 Enerloy Pty Ltd. (Australia company) 100% 09 EME Victoria Generation Limited (UK company) 100% 10 Energy Capital Partnership (Australia partnership 98% 11 Enerloy Pty Ltd. (Australia company) 100% 10 Mission Energy Development Australia Pty Ltd 11 Gippsland Power Pty Ltd 100% 12 Loy Yang B Joint Venture 49% 09 Energy Capital Partnership (Australia partnership) 1%LP 10 Enerloy Pty Ltd. (Australia company) 100% 09 First Hydro Holdings Company (Australia partnership) 99% 10 First Hydro Company [see 4.13] 99% 10 First Hydro Finance plc 11 First Hydro Company [see 4.13] 1% 06 Mission Energy Italia s.r.l. 10% (Office in Italy) 06 P.T. Edison Mission Operation and Maintenance Indonesia (Indonesian company) 1% 05 MEC Laguna Power B.V. (Netherlands co) (Malaya Project) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Gulf Power Generation Co. Ltd. (Bangkok corporation) 40% Address: 888/101 Mahatun Plaza Tower, 10th Floor, Ploenchit, Lumphini, Patumwan, Bangkok 10330 23 05 MEC Perth B.V. (Netherlands company) (Kwinana Project) 99% 06 Kwinana Power Partnership (Australian G.P.) 99% [See 4.16] Address: Level 23, St. Martins Tower 44 St George's Terrace, Perth WA 6000 05 MEC Priolo B.V. (Netherlands company) (ISAB Project) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 ISAB Energy, s.r.l. (Italian J.V. company) (equity) [see 4.12] 99% of 49% (quota, not shares) Address: Corso Gelone No. 103, Siracusa, Sicily, Italy 05 MEC San Pascual B.V. (Netherlands company) 99% Address: Croeselaan 18, 3521 CB Utrecht, The Netherlands 06 San Pascual Cogeneration Company International B.V. 50% Address: Croeselaan 18, 3521 CB Utrecht, The Netherlands 07 San Pascual Cogeneration Company (Philippines) Ltd (San Pascual Project) (equity) 1% Address: Unit 1610/1611, Tower One, Ayala Triangle, Ayala Avenue, 1200 Makati City, Metro Manila, Republic of the Philippines 06 Morningstar Holdings B.V. (formerly Vestra B.V.) 50% Address: Croeselaan 18, 3521 CB Utrecht, The Netherlands 07 San Pascual Cogeneration Company (Philippines) Ltd (San Pascual Project) (equity) 49% Address: Unit 1610/1611, Tower One, Ayala Triangle, Ayala Avenue, 1200 Makati City, Metro Manila, Republic of the Philippines 05 MEC Sidi Krir B.V. (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 MEC Sumatra B.V. (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 MEC Wales B.V. (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Mission Hydro Limited Partnership 69% Address: Lansdowne House, Berkeley Square, London W1X5DH England 07 EME Generation Holdings Limited (UK company) 100% 08 Loyvic Pty Ltd. (Australia company) 100% 09 Energy Capital Partnership (Australia partnership) 1% 10 Enerloy Pty Ltd. (Australia company) 100% 08 EME Victoria Generation Limited (UK company) 100% 09 Energy Capital Partnership (Australia partnership 98% 10 Enerloy Pty Ltd. (Australia company) 100% 09 Mission Energy Development Australia Pty Ltd 10 Gippsland Power Pty Ltd 100% 11 Loy Yang B Joint Venture 49% 08 Energy Capital Partnership (Australia partnership) 1%LP 09 Enerloy Pty Ltd. (Australia company) 100% 08 First Hydro Holdings Company (Australia partnership) 99% Address: Lansdowne House, Berkeley Square, London W1X5DH England 09 First Hydro Company [see 4.13] 99% Address: Bala House, St. David's Park Ewloe, Dlwyd, Wales CH5 3XJ 09 First Hydro Finance plc 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 10 First Hydro Company [see 4.13] 1% Address: Bala House, St. David's Park Ewloe, Dlwyd, Wales CH5 3XJ 05 Mission Energy Company (UK) Limited (United Kingdom private limited company) 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 24 06 Derwent Cogeneration Limited (United Kingdom private limited liability company) (equity) [see 4.14] 33% Address: Lansdowne House, Berkeley Square, London W1X5DH England 06 Edison Mission Energy Limited (UK private limited company) 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 06 Edison Mission Operation & Maintenance Limited (a United Kingdom corporation) 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 06 Edison Mission Services Limited(UK private limited company)100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 06 Mission Hydro (UK) Limited 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 07 First Hydro Holdings Company 1% 08 First Hydro Company [see 4.13] 99% 08 First Hydro Finance plc 100% 09 First Hydro Company [see 4.13] 1% 07 Mission Hydro Limited Partnership 1%GP 08 EME Generation Holdings Limited (UK company) 100% 09 Loyvic Pty Ltd. (Australia company) 100% 10 Energy Capital Partnership (Australia partnership) 1% 11 Enerloy Pty Ltd. (Australia company) 100% 09 EME Victoria Generation Limited (UK company) 100% 10 Energy Capital Partnership (Australia partnership 98% 11 Enerloy Pty Ltd. (Australia company) 100% 10 Mission Energy Development Australia Pty Ltd 11 Gippsland Power Pty Ltd 100% 12 Loy Yang B Joint Venture 49% 09 Energy Capital Partnership (Australia partnership) 1%LP 10 Enerloy Pty Ltd. (Australia company) 100% 09 First Hydro Holdings Company (Australia partnership) 99% 10 First Hydro Company [see 4.13] 99% 10 First Hydro Finance plc 99% 11 First Hydro Company [see 4.13] 1% 06 Mission (No. 2) Limited (UK private limited company) 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 06 Pride Hold Limited (United Kingdom corporation) 99% Address: Lansdowne House, Berkeley Square, London W1X5DH England 07 Lakeland Power Ltd. (United Kingdom private limited liability company) [see 4.15] 80% Address: Roosecote Power Station, Barrow-In-Furness, Cumbria, England LA13 OPX 07 Lakeland Power Development Company (UK corporation) 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 06 Rapid Energy Limited 05 Mission Energy Italia s.r.l. 90% Representative Office in Italy Address: Villa Brasini, Via Flaminia 497, 00191 Rome Italy 05 Pride Hold Limited (United Kingdom corporation) 1% Address: Lansdowne House, Berkeley Square, London W1X5DH England 06 Lakeland Power Ltd. (United Kingdom private limited liability company) [see 4.15] 80% Address: Roosecote Power Station, Barrow-In-Furness, Cumbria, England LA13 OPX 25 06 Lakeland Power Development Company (UK corporation) 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 05 Rillington Holdings Limited (Gibraltar) Address: 57/63 Line Wall Road, Gibraltar 06 EME del Caribe Holding GmbH (Austria) Address: 4020 Linz, Landstrasse 12, Austria 07 EME del Caribe (Cayman Islands) Address: First Floor, Caledonian House, Mary Street, George Town, Grand Cayman, Cayman Islands 08 EcoElectrica Holdings, Ltd. (Cayman Islands) 50% Address: 1350 GT, The Huntlaw Building, Fort Street, Grand Cayman, Cayman Islands 09 EcoElectrica Ltd. (Cayman Islands) 100% Address: 1350 GT, The Huntlaw Building, Fort Street, Grand Cayman, Cayman Islands 10 EcoElectrica L.P.(Bermuda partnership) (equity) 1% Address: Plaza Scotiabank, 273 Ponce de Leon Avenue, Suite 902, Hato Rey, Puerto Rico 00918 09 EcoElectrica L.P. (Bermuda partnership) (equity) 99% Address: Plaza Scotiabank, 273 Ponce de Leon Avenue, Suite 902, Hato Rey, Puerto Rico 00918 05 Southwestern Generation B.V. 100% Address: Croeselaan 18, 3521 CB Utrecht, The Netherlands 05 Traralgon Power Pty. Ltd. (Australian corporation) 99% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 06 Mission Victoria Partnership (Australian partnership) 46.69% (100% w/ Latrobe PPL 52.31% and MEVALP 1%) 07 Latrobe Power Partnership (Australian partnership) 08 Loy Yang B Joint Venture (Australian J.V.) [see 4.10] 51%; 49% to Gippsland 26 2. A BRIEF DESCRIPTION OF THE PROPERTIES OF CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES USED FOR THE GENERATION, TRANSMISSION, AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE, OR FOR THE PRODUCTION, TRANSMISSION, AND DISTRIBUTION OF NATURAL OR MANUFACTURED GAS, INDICATING THE LOCATION OF PRINCIPAL GENERATING PLANTS, TRANSMISSION LINES, PRODUCING FIELDS, GAS MANUFACTURING PLANTS, AND ELECTRIC AND GAS DISTRIBUTION FACILITIES, INCLUDING ALL SUCH PROPERTIES WHICH ARE OUTSIDE THE STATE IN WHICH CLAIMANT AND ITS SUBSIDIARIES ARE ORGANIZED AND ALL TRANSMISSION OR PIPELINES WHICH DELIVER OR RECEIVE ELECTRIC ENERGY OR GAS AT THE BORDERS OF SUCH STATE. Claimant is not a "public utility company" as that term is defined in the Public Utility Holding Company Act of 1935 (the "Act") and does not own any properties used for the generation, transmission and distribution of electric energy for sale, or for the production, transmission and distribution of natural or manufactured gas. None of Claimant's subsidiaries, other than SCE, is a public utility company. SCE is an "electric utility company" as defined in the Act and owns properties used for the generation, transmission and distribution of electric energy for sale, as described herein. SCE owns and operates one diesel-fueled generating plant, 38 hydroelectric plants and an undivided 75.05% interest in Units 2 and 3 of the San Onofre Nuclear Generating Station. These plants are located in Central and Southern California. SCE has sold all of its oil and gas fueled generating plants. Pursuant to the sale agreements, SCE will continue to operate the plants for two years after their sale. SCE has also been required to maintain the fuel pipeline and storage system to support the divested gas plants in the event the plants are required to burn oil in a system emergency. Of the above mentioned hydroelectric plants, one of them, along with the diesel-fueled generating plant, serve isolated load on Catalina Island. SCE also owns an undivided 15.8% interest in Units 1, 2 and 3 of the Palo Verde Nuclear Generating Station, located near Phoenix, Arizona, and an undivided 48% interest in Units 4 and 5 of the Four Corners Project, a coal-fueled steam electric generating plant in New Mexico, all of which are operated by other utilities. SCE operates and owns a 56% undivided interest in two coal-fueled steam electric generating units at the Mohave Project in Clark County, Nevada. Schedule I attached hereto contains a list of all of the SCE-owned generating plants with their locations, initial dates of operation and generator nameplate ratings. SCE's transmission facilities consist of approximately 7,226.4 circuit miles of 33kV, 55kV, 66kV, 115kV and 161kV lines, 3,453.4 circuit miles of 220kV lines, and 1235.9 circuit miles of 500kV lines consisting of 998.9 miles in California, 125 miles in Nevada and 112 miles in Arizona. SCE's distribution facilities consist of approximately 61,055 overhead circuit miles and 31,278 underground circuit miles, and 552 distribution substations, all of which are located in California. 27 3. THE FOLLOWING INFORMATION FOR THE LAST CALENDAR YEAR WITH RESPECT TO CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES: (a) NUMBER OF KWH. OF ELECTRIC ENERGY SOLD (AT RETAIL OR WHOLESALE), AND MCF. OF NATURAL OR MANUFACTURED GAS DISTRIBUTED AT RETAIL. Claimant: None. SCE: (1) 76,257,869,000 kwh of electric energy sold at retail or wholesale. (2) $7,160,965,835 of total revenues from such sales. (b) NUMBER OF KWH. OF ELECTRIC ENERGY AND MCF. OF NATURAL OR MANUFACTURED GAS DISTRIBUTED AT RETAIL OUTSIDE THE STATE IN WHICH EACH COMPANY IS ORGANIZED. Claimant: None. SCE: None. (c) NUMBER OF KWH. OF ELECTRIC ENERGY AND MCF. OF NATURAL OR MANUFACTURED GAS SOLD AT WHOLESALE OUTSIDE THE STATE IN WHICH EACH SUCH COMPANY IS ORGANIZED, OR AT THE STATE LINE. Claimant: None. SCE: (1) 105,276,000 kwh of electric energy sold at wholesale outside of California or at the state line. (2) $17,904,461 of total revenues from such sales. (d) NUMBER OF KWH. OF ELECTRIC ENERGY AND MCF. OF NATURAL OR MANUFACTURED GAS PURCHASED OUTSIDE THE STATE IN WHICH EACH SUCH COMPANY IS ORGANIZED OR AT THE STATE LINE. Claimant: None. SCE: (1) 4,827,388,633 kwh of electric energy purchased at wholesale outside of California or at the state line. (2) $207,565,658 of total expenses from such purchases. 28 4. THE FOLLOWING INFORMATION FOR THE REPORTING PERIOD WITH RESPECT TO CLAIMANT AND EACH INTEREST IT HOLDS DIRECTLY OR INDIRECTLY IN AN EWG OR FOREIGN UTILITY COMPANY, STATING MONETARY AMOUNTS IN UNITED STATES DOLLARS: (a) NAME, LOCATION, BUSINESS ADDRESS AND DESCRIPTION OF THE FACILITIES USED BY THE EWG OR FOREIGN UTILITY COMPANY FOR THE GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE OR FOR THE DISTRIBUTION AT RETAIL OF NATURAL OR MANUFACTURED GAS. (b) NAME OF EACH SYSTEM COMPANY THAT HOLDS AN INTEREST IN SUCH EWG OR FOREIGN UTILITY COMPANY; AND DESCRIPTION OF THE INTEREST HELD. (c) TYPE AND AMOUNT OF CAPITAL INVESTED, DIRECTLY OR INDIRECTLY, BY THE HOLDING COMPANY CLAIMING EXEMPTION; ANY DIRECT OR INDIRECT GUARANTEE OF THE SECURITY OF THE EWG OR FOREIGN UTILITY COMPANY BY THE HOLDING COMPANY CLAIMING EXEMPTION; AND ANY DEBT OR OTHER FINANCIAL OBLIGATION FOR WHICH THERE IS RECOURSE, DIRECTLY OR INDIRECTLY, TO THE HOLDING COMPANY CLAIMING EXEMPTION OR ANOTHER SYSTEM COMPANY, OTHER THAN THE EWG OR FOREIGN UTILITY COMPANY. (d) CAPITALIZATION AND EARNINGS OF THE EWG OR FOREIGN UTILITY COMPANY DURING THE REPORTING PERIOD. (e) IDENTIFY ANY SERVICE, SALES OR CONSTRUCTION CONTRACT(S) BETWEEN THE EWG OR FOREIGN UTILITY COMPANY AND A SYSTEM COMPANY, AND DESCRIBE THE SERVICES TO BE RENDERED OR GOODS SOLD AND FEES OR REVENUES UNDER SUCH AGREEMENT(S). 4.01 EPZ MISSION FUNDING MU TRUST [FUCO] (a) EPZ Mission Funding MU Trust ("EPZMFMT") c/o Wilmington Trust Company, Rodney Square North, 1100 North Market Square, Wilmington, Delaware 19890-0004 EPZMFMT owns a 7.88% interest in the Amercentrale Power Station Unit 9, which is leased to N.V. Elektriciteits-Produktiemaatshappij Zuid-Nederland ("EPZ"), a Netherlands Public Utility. The Amercentrale Power Station Unit 9 is a 600 megawatt (net) coal-fired cogeneration facility, with natural gas back-up capability, located on 50 hectares (approximately 125 acres) at the Brabandt site in Geertruidenberg, approximately 50 kilometers southeast of Rotterdam, The Netherlands. EPZMFMT has also acquired an undivided interest in or the right to use certain transmission facilities leading from the Amercentrale Power Station to the 150 kV grid owned by Provinciale Noordbrabantse Energie-Maatschappij ("PNEM"), the distribution company that receives the power from Unit 9. EPZMFMT also owns an in terest in or rights to use transformers and associated equipment of EPZ designed to step up the power from the 21 kV level at the generator to the 150 kV level required to enter the PNEM system. EPZMFMT has also acquired rights to use certain other common facilities necessary to permit operation of Unit 9. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Capital, which owns 100% of Edison Funding Company, which owns 100% of Mission Funding Epsilon, which owns 100% of Mission Funding Alpha, which owns 100% of Mission Funding Mu. EPZMFMT is a business trust created under the laws of the State of Delaware. Mission Funding Mu is the 100% beneficial owner of the beneficial interest in EPZMFMT. Wilmington Trust Company is the trustee of the Trust. 29 (c) Mission Funding Mu made a $13,000,000 equity investment in the sale/leaseback, and funds were borrowed on a non-recourse basis in the amount of $87,000,000, in order to acquire the interest in the asset with a total cost of $100,000,000. Mission Funding Mu also incurred out-of-pocket costs and fees of approximately $1,750,000. The Mission Funding Mu investment and the related obligations have been guaranteed by its parent, Mission Funding Alpha. (d) Capitalization or total equity = $13,000,000 Net income after taxes for 1998 = $1,095,860 (e) There are no contracts between EPZ and any system company. 4.02 EPZ MISSION FUNDING NU TRUST [FUCO] (a) EPZ Mission Funding Nu Trust ("EPZMFNT") c/o Wilmington Trust Company, Rodney Square North, 1100 North Market Square, Wilmington, Delaware 19890-0004 EPZMFNT owns a 17.72% interest in the Amercentrale Power Station Unit 9, which is leased to N.V. Elektriciteits-Produktiemaatshappij Zuid-Nederland ("EPZ"), a Netherlands Public Utility. The Amercentrale Power Station Unit 9 is a 600 megawatt (net) coal-fired cogeneration facility, with natural gas back-up capability, located on 50 hectares (approximately 125 acres) at the Brabandt site in Geertruidenberg, approximately 50 kilometers southeast of Rotterdam, The Netherlands. EPZMFNT has also acquired an undivided interest in or the right to use certain transmission facilities leading from the Amercentrale Power Station to the 150 kV grid owned by Provinciale Noordbrabantse Energie-Maatschappij ("PNEM"), the distribution company that receives the power from Unit 9. EPZMFNT also owns an interest in or rights to use transformers and associated equipment of EPZ designed to step up the power from the 21 kV level at the generator to the 150 kV level required to enter the PNEM system. EPZMFNT has also acquired rights to use certain other common facilities necessary to permit operation of Unit 9. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Capital, which owns 100% of Edison Funding Company, which owns 100% of Mission Funding Epsilon, which owns 100% of Mission Funding Delta, which owns 100% of Mission Funding Nu. EPZMFNT is a business trust created under the laws of the State of Delaware. Mission Funding Nu is the 100% beneficial owner of the beneficial interest in EPZMFNT. Wilmington Trust Company is the trustee of the Trust. (c) Mission Funding Nu made a $29,250,000 equity investment in the sale/leaseback, and funds were borrowed on a non-recourse basis in the amount of $195,750,000, in order to acquire the interest in the asset with a total cost of $225,000,000. Mission Funding Nu also incurred out-of-pocket costs and fees of approximately $3,937,500. The Mission Funding Nu investment and the related obligations have been guaranteed by an affiliate, Mission Housing Investments. (d) Capitalization or total equity = $29,250,000 Net income after taxes for 1998 = $2,439,588 (e) There are no contracts between EPZ and any system company. 30 4.03 AUBURNDALE POWER PARTNERS, L.P. [EWG] (a) Auburndale Power Partners, L.P. ("APP") 1501 West Derby Avenue, Auburndale, FL 33823 Auburndale's facilities consist of a 158.8MW (net) topping-cycle cogeneration facility fueled by natural gas. Electricity produced by the facility is sold to Florida Power Corporation and certain other wholesale purchasers. The facility also produces thermal energy, which is sold to Cutrale Citrus Juices, USA and Todhunter International, Inc. The facility is located near Auburndale in Polk County, Florida. APP went into operation on July 1, 1994. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which through its wholly owned subsidiary Devereaux Energy Company owns 49% of Auburndale Power Partners, L.P., and through its wholly owned subsidiary El Dorado Energy Company owns 1% of Auburndale Power Partners, L.P. (c) Capital contributions were made by Edison Mission Energy through its subsidiaries Devereaux Energy Company in the amount of $35,280,000 and El Dorado Energy Company in the amount of $720,000, providing a total amount of $36,000,000. (d) Capitalization or total equity = $36,000,000 Net loss after taxes for 1998 = ($1,616,195) (e Edison Mission Operation & Maintenance, Inc. ("EMOM") operates this facility. EMOM received $742,128 in compensation as operator in 1998. 4.04 BROOKLYN NAVY YARD COGENERATION PARTNERS, L.P. [EWG] (a) Brooklyn Navy Yard Cogeneration Partners, L.P. ("BNY") 230 Park Avenue, Suite 515, New York, NY 10169 BNY's facilities consist of a 286MW combined cycle cogeneration facility located at Brooklyn Navy Yard Industrial Park in Brooklyn, New York. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which through its wholly owned subsidiary Mission Energy New York, Inc., owns 50% of Brooklyn Navy Yard Cogeneration Partners, L.P. (c) Capital contribution made by Edison Mission Energy through its subsidiary Mission Energy New York, Inc., was in the amount of $33,158,043. BNY completed a $407 million permanent non-recourse financing for the project (the "Financing"). Edison Mission Energy agreed to indemnify BNY and its partners from all claims and costs arising from or in connection with certain construction litigation between BNY (and its partners) and PMNC, as contractor for BNY. Said indemnification has been assigned for the benefit of the senior lenders of the Financing. Mission Energy New York, Inc., entered into a Construction Loan Note (approximately $94 million) in favor of BNY to fund a portion of the project. (d) Capitalization or total equity = $12,758,043 Net loss after taxes for 1998 = ($10,046,780) (e) Other than with respect to the Edison Mission Energy indemnity and the Construction Loan Note as listed in Item (c) above, there are no contracts between BNY and any system company. 31 4.05 COMMONWEALTH ATLANTIC L.P. [EWG] (a) Commonwealth Atlantic Limited Partnership ("CALP") 2837 South Military Highway, Chesapeake, VA 23323-0286 CALP is a 340 MW natural gas and distillate oil fired peaking power generation facility (the "Facility") selling power to Virginia Power. The Facility went into operation on June 4, 1992. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which through its subsidiary Hanover Energy Company owns Chickahominy River Energy Corp. which in turn owns a 1% general partner interest and a 49% limited partner interest in CALP. (c) Chickahominy River Energy Corp. made a capital contribution of $14,020,000 to CALP. Edison Mission Energy owns a 50% interest through its wholly owned subsidiary Hanover Energy Company, in CALP, which is the owner of the Facility. (d) Capitalization or total equity = $14,020,000 Net income after taxes for 1998 = $609,789 (e) There are no contracts between CALP and any system company. 4.06 GORDONSVILLE ENERGY, L.P. [EWG] (a) Gordonsville Energy, L.P. ("GELP") 115 Red Hill Road, Gordonsville, VA 22942 GELP is a gas fired cogeneration facility with the anticipated net capacity during the winter months of 290 megawatts and 220 megawatts during the summer months. The electricity generated by the facility will be sold to Virginia Electric & Power Company under two executed 30-year Power Purchase Agreements. The steam generated by the facility is sold to Rapidan Service Authority. This facility is located one mile southwest of Gordonsville, Virginia in Louisa County. GELP went into operation on June 1, 1994. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which through its subsidiaries Madison Energy Company ("Madison") and Rapidan Energy Company ("Rapidan") owns 49% (LP) and 1% (GP) respectively in GELP. (c) Madison made a capital contribution of $25,823,000 and Rapidan made a capital contribution of $527,000, providing a total amount of $26,350,000. As a condition to receiving the extension of credit necessary to develop GELP, Madison, Rapidan and Jefferson Energy Company ("Jefferson"), a wholly owned subsidiary of Edison Mission Energy which sold its interest to Northern Hydro Limited, entered into separate Equity Subscription Agreements with GELP with the condition that Edison Mission Energy guaranty the obligations under such agreements by entering into an Equity Subscription Agreement Guaranty for each of Madison, Rapidan and Jefferson in an amount not to exceed an aggregate of $55,250,000. (d) Capitalization or total equity = $25,752,500 Net loss after taxes for 1998 = ($277,468) (e) Edison Mission Operation & Maintenance, Inc. ("EMOM") operates this facility. EMOM received $709,223 in compensation as operator in 1998. 32 4.07 NEVADA SUN-PEAK LIMITED PARTNERSHIP [EWG] (a) Nevada Sun-Peak Limited Partnership 200 South Virginia Street, Reno, Nevada 89501 Nevada Sun-Peak L.P. owns a three unit, natural gas and oil fired combustion turbine generation facility designed to produce a net output of approximately 210 MW. The combustion turbines (General Electric PG 7111-EA-CTGs) are capable of operating on either natural gas or No. 2 distillate fuel oil. The transmission facilities associated with the plant are owned by Nevada Power Company. The facility is located near Las Vegas, Nevada. Commercial operation began on June 8, 1991. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Quartz Peak Energy Company, which in turn owns Nevada Sun-Peak Limited Partnership, the exempt wholesale generator. (c) The capital contribution of $8,125,500 was made by Quartz Peak Energy Company. (d) Capitalization or total equity = $8,125,500 Net income after taxes for 1998 = $540,565 (e) There are no contracts between Nevada Sun-Peak and any system company. 4.08 IBERICA DE ENERGIAS, S.A. [FUCO] (a) Iberica de Energias, S.A. ("Iberica") Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain Iberica's facilities consist of the following fifteen mini-hydroelectric facilities which are capable of producing a total of 40.82 MW: Quintana: 1.48MW facility in Herrera de Valdecana, Palencia La Flecha: 2.66MW facility in Arroyo Encomienda, Valladolid Toro: 4.50MW facility in Toro, Zamora Tudela: 1.48MW facility in Tudela de Duero, Valladolid Sardon Bajo: 1.60MW facility in Villabanez, Valladolid Bocos: 1.60MW facility in Bocos de Duero, Valladolid Monasterio: 1.60MW facility in Quintanilla de Arriba, Valladolid Logrono: 3.68MW facility in Logrono, La Rioja Mendavia: 5.60MW facility in Mendavia, Navarra La Ribera: 4.40MW facility in Pradejon, La Rioja Gelsa: 7.20MW facility in Gelsa, Zaragoza Alos: 4.80MW facility in Alos de Balaguer, Lerida Castellas: 2.25MW facility in Valls de Aguilar, Lerida (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which owns 100% of Iberian Hy-Power Amsterdam B.V., which owns 90% of Hydro Energy B.V., which in turns owns 100% of Iberica. MECI also directly owns 10% of Hydro Energy B.V. (c) The capital contribution made by MECI through Iberian Hy-Power Amsterdam B.V. was $5,157,703. In August, 1993, MECI, through its 34% ownership interest and its direct ownership interest in Hydro Energy B.V., acquired an aggregate 40.6% interest in Energias Hidraulicas, S.A. ("EH") from Energies, S.A., the hydroelectric development subsidiary of Compagne Generale des Eaux ("CGE"). Subsequently, EH sold Iberica and Mediterranea to Hydro Energy B.V. CGE is a French water utility company. EH is a Spanish holding company which will develop water right concessions, but has no 33 operating facilities. During 1996, the five facilities previously owned by Compania Mediterranea de Energias, S.A., were merged into Iberica. Also in 1996, Energias Hidraulicas' name was changed to Edison Mission Energy Espana, S.A. In connection with the acquisition of EH, CGE provided to Iberica and Mediterranea a 10-year limited revenue guaranty, which allowed Iberica and Mediterranea to secure non-recourse project financing. Consideration to CGE for the acquisition of Iberica and Mediterranea included the assumption by Hydro Energy B.V. of n existing loan with deferred payments to CGE beginning in 1999 and ending in 2003. Edison Mission Energy has provided a guaranty for any such deferred payments which are outstanding as of September 30, 2003 (six months after the due date for all such deferred payments). The guaranty by Edison Mission Energy provides for no rights of acceleration by CGE under any circumstances. At December 31, 1998, the present value of the deferred payments will amount to $23.1 million ($39.8 million face value discounted at 11.5%). (d) Capitalization or total equity = $23,814,148 Net Income after taxes for 1998 = $5,396,220 (e) There are no contracts between Iberica and any system company. 4.09 ELECTROMETALURGICA DEL EBRO, S.A. [FUCO] (a) Electrometalurgica del Ebro, S.A. ("EMESA") Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain EMESA's facilities consist of three mini-hydroelectric facilities (Sastago I, Sastago II and Menza) all located near the Ebro River in Zaragoza. The three mini-facilities are masonry weir, concrete intake structures capable of producing 3 MW, 17.3 MW and 13 MW, respectively. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which owns 100% of Iberian Hy-Power Amsterdam B.V., which through its 90% interest in Hydro Energy B.V. owns 96.65% of Iberica, which owns 91.32% of EMESA. MECI also directly owns 10% of Hydro Energy B.V., which owns 96.65% of Iberica, which owns 91.32% of EMESA. Iberian Hy-Power Amsterdam B.V. owns directly 3.352% of Iberica. (c) The capital contribution made by MECI through Iberian Hy-Power Amsterdam B.V. was $3,140,000. (d) Capitalization or total equity = $80,354 Net Income after taxes for 1998 = $1,733,296 (e) There are no contracts between EMESA and any system company. 4.10 LOY YANG B JOINT VENTURE [FUCO] (a) Loy Yang B Joint Venture ("LYBJV") Bartons Lane, Loy Yang, Victoria, Australia 3844 LYBJV owns two coal-fired generating units with generator name plate ratings of 500,000 kW each, located in the Latrobe Valley in the State of Victoria, Australia. Unit 1 began commercial operation on September 30, 1993, and Unit 2 began commercial operation on September 30, 1996. 34 (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V.; indirect, wholly owned subsidiaries of Edison Mission Energy collectively own 100% of the interests in Loy Yang B Joint Venture, the foreign utility company, as explained below. The system-owned venturer is Latrobe Power Partnership ("LPP"), which owns the 51% interest. LPP is 1% owned by Edison Mission Energy Australia Ltd (the managing general partner) and 99% owned by Mission Victoria Partnership (a general partner). Edison Mission Energy Australia Ltd is wholly owned by Edison Mission Energy Holdings Pty Ltd, which is wholly owned by Loy Yang Holdings Pty Ltd, which is a wholly owned subsidiary of MEC International B.V. Mission Victoria Partnership is 52.31% owned by Latrobe Power Pty Ltd (general partner), 46.69% owned by Traralgon Power Pty Ltd (general partner), and 1% owned by Mission Energy Ventures Australia Pty Ltd (managing general partner). Latrobe Power Pty Ltd and Traralgon Power Pty Ltd are both owned 99% by MEC International B.V. and 1% by Loy Yang Holdings Pty Ltd. Mission Energy Ventures Australia Pty Ltd is wholly owned by Loy Yang Holdings Pty Ltd, which is owned as described above. Gippsland Power Pty Ltd. owns the remaining 49% in Loy Yang B Joint Venture. Gippsland is 100% owned by Mission Energy Development Australia Pty Ltd., which is 100% owned by EME Victoria Generation Ltd. (a UK company), which is 100% owned by EME Generation Holdings Ltd. (a UK company), which is 100% owned by Mission Hydro Limited Partnership (a UK company) which is 69% owned by MEC Wales BV (a Dutch company), 30% owned by Mission Energy Wales Company and 1% owned by Mission Hydro (UK) Limited. All three partners to Mission Hydro Limited Partnership are 100% directly or indirectly owned by Edison Mission Energy. (c) EME,through its indirect and direct subsidiaries, closed financing of $964 million (the "Financing") for the purchase of the remaining 49% of LYBJV. The Financing consists of (i) a 15 year interest-only term facility, (ii) a 20 year amortizing term facility with principal and interest payments scheduled quarterly commencing September 30, 1998, and (iii) a working capital facility with a term equal to that of the 20 year amortizing term facility. The Financing was structured on a non-recourse basis. Lenders look solely to the cash proceeds of LYBJV to repay the debt and have taken a security interest in the LYBJV. In the document between EME and the Bank Group entitled "MEC Undertaking," EME is obligated (i) to support all performance obligations of EME Management Australia Pty Ltd ("MEMA") (the operator under the Operations & Maintenance "O&M" Agreement) and (ii) to provide up to 5,000,000 Australian Dollars in any year to MEMA in the event that MEMA incurs certain liabilities under the O&M Agreement. LPP's and Gippsland's capital contribution = US$363,356,338 (d) LPP's and Gippsland's Equity = US$363,356,333 LPP's and Gippsland's Net Income after taxes for 1998 = US$31,477,802 (e) An indirect, wholly owned subsidiary of MEC International B.V., Edison Mission Operation & Maintenance Loy Yang Pty Ltd. operates the generating plant pursuant to an amended operating and maintenance contract. The intermediate holding company of Edison Mission Operation & Maintenance Loy Yang Pty Ltd. is Edison Mission Energy Holdings Pty Ltd. As operator, Edison Mission Operation & 35 Maintenance Loy Yang Pty Ltd. performs the following services: management and supervision of the construction commissioning, testing, operation and maintenance of the Loy Yang B power station on behalf of the joint venture participants. 4.11 P. T. PAITON ENERGY COMPANY [FUCO] (a) P. T. Paiton Energy Company ("Paiton") Mid Plaza 2, 15th Floor, Jl. Jend. Sudirman Kav. 10-11 Jakarta 10220 Indonesia Paiton's facilities consist of two coal-fired electric generating units (under development) in Paiton, Indonesia, on the northeast Java coast. Each unit has a nominal net design capacity of 605MW and will be comprised of a boiler and steam turbine generator with ancillary facilities. The two units will share a control room. Paiton is in development stages; anticipated date of operation is early 1999. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which directly owns 99% of MEC Indonesia B.V. and through its wholly owned subsidiary MEC International Holdings B.V. indirectly owns the remaining 1% of MEC Indonesia B.V.; MEC Indonesia B.V. owns 40% of P. T. Paiton Energy Company. (c) Capital contribution made by Edison Mission Energy through MEC Indonesia B.V. to Paiton was in the amount of $125,694,200. Edison International, Edison Mission Energy, MEC Indonesia B.V., MEC International B.V., and MEC International Holdings B.V. have entered into an Equity Support Agreement wherein each jointly and severally guarantees payment of 47.06% of Paiton's obligations to contribute base equity, overrun equity, and contingent overrun equity to the Project. The total EME commitment is $461,200,000. (d) Capitalization or total equity = $313,000,000 Net income after taxes for 1998 = $0 (e)(1) Edison Mission Energy Asia Pte. Ltd., the wholly owned Singapore corporation of MEC International B.V., has entered intoan Operation and Maintenance Agreement with P. T. Paiton EnergyCompany to provide operation and maintenance services. The services under the Operation and Maintenance Agreement have been assumed by P.T. Edison Mission Operation & Maintenance Indonesia, another indirect subsidiary of Edison Mission Energy. PTEMO&M has received $385,452 net income after taxes in 1998. (2) Mission Energy Construction Services, Inc. ("MECSI"), a wholly owned subsidiary of Edison Mission Energy, entered into a Secondment Agreement with Paiton on April 20, 1995("Agreement"). MECSI is to recruit and second appropriate personnel to Paiton in connection with the construction of the Paiton facility. MECSI will receive compensation in the amount of US$25,000 from Paiton for the provision of seconded personnel. MECSI executed a letter of confirmation relating to the Agreement on April 21, 1995, which states that in the event the salaries, benefits, wages, taxes and expenses ("Costs") of the seconded personnel equal anamount less than $6.975 million at the beginning of the 59th month following the commencement of construction under the construction contract, Paiton is to immediately pay the difference to MECSI or its designee in US dollars. In the event the Costs exceed $6.975 million, then MECSI shall pay to Paiton the amount of such overage. 36 (3) MECSI and Paiton entered into an Owner Representative Agreement on March 31, 1995, wherein MECSI is authorized to represent Paiton with regard to overseas suppliers and procurement on the construction of the facility and interface with the contractor and Perussahan Umum Listrik Negara, the Indonesian state-owned utility, on technical, budgeting, and scheduling matters. Under this agreement, MECSI is to receive compensation in the amount of US$8 million payable in arrears in accordance with a schedule attached to the Owner Representative Agreement. 4.12 ISAB ENERGY, s.r.l. [FUCO] (a) ISAB Energy, s.r.l. ("ISAB") Corso Gelone No. 103, Siracusa, Sicily, Italy ISAB's facilities will consist of a 512MW integrated gasification and combined cycle power plant, located in Priolo Gargallo, 8 km. from Siracusa, Sicily, on approximately 100 hectares of land. ISAB is scheduled to become operational by November 17, 1999. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which directly owns 99% of MEC Priolo B.V. and through its wholly owned subsidiary MEC International Holdings B.V. indirectly owns the remaining 1% of MEC Priolo B.V., MEC Priolo B.V. owns 49% of ISAB Energy, s.r.l. (c) Edison Mission Energy has guaranteed (for the benefit of the banks financing the construction of the power plant) MEC Priolo B.V.'s obligation to inject into ISAB equity and subordinated debt totaling US$147,570,284. This amount must be injected on the earlier of: (i) 56 months after signing the loan documents; (ii) 52 months after first drawdown of funds; (iii) conversion of the debt into a term loan or (iv) upon acceleration of the debt. If an event of default occurs under the financing documents, prior to the occurrence of one of the four events described above, EME's equity and subordinated debt is required to the extent necessary to bring the equity amount to a pari passu basis with the current level of loans outstanding from the banks. Also in connection with the financing of ISAB, Edison Mission Operation & Maintenance, Inc. ("EMO&M") pursuant to a guarantee (the "EMO&M Guarantee") has guaranteed (for the benefit of ISAB and the banks financing the construction of the ISAB power plant) ISAB Energy Services, S.r.l.'s financial obligations (as the operator) to ISAB under the Operation and Maintenance Agreement for the operation and maintenance of the power plant. The maximum payable by EMO&M under the EMO&M Guarantee is capped at the mobilization fee or base fee paid in any given year (anywhere from $3-5 million per year). Deosphalter O&M (capped at base or mobilization fee less than $1 million per year). (d) Capitalization or total equity = $12,784,178 Net income after taxes for 1998 = $0 (e) ISAB and Edison Mission Energy Limited ("EMEL") entered into a Secondment Agreement on January 1, 1997, wherein EMEL seconds certain of its employees to ISAB to assist in areas related to ISAB's business (i.e., project management). Under this agreement, EMEL has received compensation in the amount of US$179,044 for 1998. Mission Energy Italia SRL ("MEI") and ISAB have entered into a Secondment Agreement effective January 1, 1997, wherein MEI seconds certain of its employees to ISAB to assist in areas related to ISAB's business (i.e., project control and general management). Under this Secondment Agreement, MEI has received US$597,126 as of December 31, 1998. EMEL entered into a Sponsor Support Agreement with ISAB effective January 1, 1997, wherein EMEL provides activities to ISAB in the areas which include the following: 37 financial model administration; maintenance and development of relationship with lenders to ISAB; advice on finance; maintenance and development of relationship with insurance companies; maintenance and development of relationship with international law firms; supervision and preparation of legal contracts and provide interpretation of existing contracts. During 1998, EMEL has received US$172,962 under this Sponsor Support Agreement. 4.13 FIRST HYDRO COMPANY [FUCO] (a) First Hydro Company ("First Hydro") Bala House, St. David's Park, Ewloe, Clwyd, Wales CH5 3XJ The principal assets of First Hydro are two pumped storage stations located in North Wales at Dinorwig and Ffestiniog which have a combined registered capacity of 2,088MW. These facilities were built to provide additional generation for meeting peak demand throughout the day and to provide rapid generation response to sudden changes in electricity demands. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which through its subsidiaries (i) wholly owned Mission Energy Wales Company, owns 30%LP of Mission Hydro Limited Partnership, which in turn owns 100% of EME Generation Holdings, Ltd., which in turn owns 99% of First Hydro Holdings Company, which owns 100% of First Hydro Finance plc, which owns 1% of First Hydro Company; (ii) wholly owned Mission Energy Holdings International, Inc. owns 100% of MEC International B.V., which owns 100% of Mission Energy Company (UK) Limited, which owns 100% of Mission Hydro (UK) Limited, which in turn directly owns 1% of First Hydro Holdings Company and indirectly owns the remaining 99% of First Hydro Holdings Company through its 1%GP interest in Mission Hydro Limited Partnership, First Hydro Holdings Company owns 100% of First Hydro Finance plc, which in turn owns 1% of First Hydro Company; and (iii) the wholly owned subsidiary Mission Energy Holdings International, Inc. owns 100% of MEC International B.V. which directly owns 99% of MEC Wales B.V. and through its wholly owned subsidiary MEC International Holdings B.V. indirectly owns the remaining 1% of MEC Wales B.V., MEC Wales B.V. owns 69%LP of Mission Hydro Limited Partnership, which in turn owns 100% of EME Generation Holdings, Ltd., which owns 99% of First Hydro Holdings Company, which owns 100% of First Hydro Finance plc, which owns 100% of First Hydro Company. (c) First Hydro Finance plc ("First Hydro Finance"), indirect subsidiary of Edison Mission Energy, purchased all of the outstanding shares of First Hydro Company for $1.0 billion plus $45.7 million as consideration for the working capital of First Hydro at the date of acquisition. This acquisition was funded through a combination of (i) a $621.4 million credit facility with Barclays Bank Plc, (ii) a $350 million capital contribution from Edison International, and (iii) the remaining $50.4 came from Edison Mission Energy's working capital. First Hydro Finance obtained the financing for First Hydro Holdings Company, a wholly owned indirect subsidiary of Edison Mission Energy. To support the financing for First Hydro Finance, Edison Mission Energy has issued a letter of credit from its $400 million corporate revolving credit. Revenue Support Letter of Credit -- This 12 million sterling pound Letter of Credit was issued in favor of First Hydro Finance and assigned to Prudential Trustee Company Limited as security trustee. The Revenue Support Letter of Credit must be provided during the initial five years of financing and be issued from the bank in short-term ratings of at least A-1/P-1. The Revenue Support Letter of Credit may be used to make up any shortfalls in interest payments owing and may also be used toward curing any default arising from 38 interest coverage ratios dropping below 1.05 to 1.0 for applicable reference periods. (d) Capital Contribution = $405,513,507 Net income after taxes for 1998 = $66,302,602 (e) There are no contracts between First Hydro and any system company. 4.14 DERWENT COGENERATION LIMITED [FUCO] (a) Derwent Cogeneration Limited ("Derwent") Lansdowne House, Berkeley Square, London W1X5DH England The 214 MW plant at Spondon, Derbyshire, England, went into operation in 1995. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V.; MEC International B.V. owns 100% of Mission Energy Company (UK) Limited which owns 33% of Derwent Cogeneration Limited. (c) Total capital contribution = US$2,690,825 (d) Capitalization or total equity = US$2,625,690 Net Income after taxes for 1998 = US$10,711,136 (e) Mission Energy Services Limited ("MESL") provided construction management services to Derwent Cogeneration Limited throughout the construction phase of the project and is now the operator of the facility. MESL is to receive a fee of US$686,189 per year for operation and maintenance services as well as reimbursement from Derwent for expenditures incurred for operation and maintenance services. 4.15 LAKELAND POWER LTD. [FUCO] (a) Lakeland Power Ltd. Roosecote Power Station, Barrow-in-Furness Cumbria, England LA13 OPX Lakeland's facilities consist of a 220 MW gas fired combined cycle electricity generation plant. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V.; MEC International B.V. ("MECI"), owns 2 shares (1%) of Pride Hold Limited and 100 shares (100%) of Mission Energy Company (UK) Limited; Mission Energy Company (UK) Limited owns 99% of Pride Hold Limited and MECI owns 1%. Pride Hold Limited owns 80% of Lakeland Power Ltd. Pride Hold Limited owns 100% of Lakeland Power Development Limited. (c) The capital contribution made by MECI through Pride Hold Limited was $2,617,149. (d) Capitalization or total equity = $0. Net income after taxes for 1998 = US$14,383,773. (e) There are no contracts between Lakeland and any system company. 39 4.16 KWINANA POWER PARTNERSHIP [FUCO] (a) Kwinana Power Partnership ("KPP") c/o Edison Mission Energy Holdings Pty. Ltd., Southgate Complex Level 20, HWT Tower, 40 City Road, South Melbourne, Australia KPP's facilities used for the generation, transmission, or distribution of electric energy for sale consist of a 116 MW gas-fired combined cycle cogeneration plant at the oil refinery owned and operated by British Petroleum Refinery Proprietary Limited at Kwinana near Perth, Australia, and interconnection equipment necessary to connect the plant with the refinery and with KPP's wholesale purchaser, Western Power Corporation. KPP commenced operation in December 1996. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V.; indirect, wholly owned subsidiaries of MEC International B.V. collectively own 100% of the interests of KPP, the foreign utility company. (c) The Shareholder and Equity Subscription Agreement provides for an equity contribution from MEC Perth B.V. to be made upon conversion from a construction loan to a term loan which is scheduled for late 1996; Edison Mission Energy is obligated to contribute the equity required to be paid by its subsidiary. The equity contribution is $24,254,167. No capital contribution was made. (d) Capitalization or total equity = $0 Net income after taxes for 1998 = $3,094,103 (e) An indirect, wholly owned subsidiary of MEC International B.V., Edison Mission Operation (Kwinana) Pty Ltd ("EMOK"), operates the facility pursuant to an operation and maintenance agreement. EMOK received $341,760 in compensation as operator in 1998. 4.17 TRI ENERGY COMPANY LIMITED [FUCO] (a) Tri Energy Company Limited 16th Floor, Grand Amarin Tower New Petchburi Road Ratchathewi, Bangkok 10320 Thailand Tri Energy's facilities consist of a 700MW gas turbine combined cycle facility located in Ratchaburi Province, West of Bangkok, Thailand, and interconnection equipment necessary to connect the facility with the company's wholesale purchaser, the Electricity Generating Authority of Thailand. Tri Energy is scheduled to become operational by Third Quarter 2000. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which owns 100% of EME Tri Gen B.V., which owns 25% of Tri Energy Company Limited. (c) Capital contributions were made by Edison Mission Energy through its subsidiary EME Tri Gen B.V. in the amount of $1,500,875. (d) Capitalization or total equity = $700,732 Net income after taxes for 1998 = $0 (e) EME Asia Pacific Pte. Ltd. ("EME Asia") and Tri Energy Company Limited ("TECO") have entered an Onshore Service Agreement and an Offshore Service Agreement. Under the Onshore Service agreement, EME Asia is to provide managerial, professional and technical services within Thailand to TECO for a fixed annual fee of $12,000,000 Baht. Under the Offshore Service agreement, EME Asia is to provide managerial, professional and technical services outside of Thailand on an hourly fee basis. As of December 31, 1998, EME Asia has not received payment under either agreement. 40 EXHIBIT A A CONSOLIDATING STATEMENT OF INCOME AND SURPLUS OF THE CLAIMANT AND ITS SUBSIDIARY COMPANIES FOR THE LAST CALENDAR YEAR, TOGETHER WITH A CONSOLIDATING BALANCE SHEET OF CLAIMANT AND ITS SUBSIDIARY COMPANIES AS OF THE CLOSE OF SUCH CALENDAR YEAR. EXHIBIT B FINANCIAL DATA SCHEDULE. EXHIBIT C AN ORGANIZATIONAL CHART SHOWING THE RELATIONSHIP OF EACH EWG OR FOREIGN UTILITY COMPANY TO ASSOCIATE COMPANIES IN THE HOLDING COMPANY SYSTEM. The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 26th day of February, 1999. EDISON INTERNATIONAL By: Kenneth S. Stewart ------------------------- Kenneth S. Stewart Assistant General Counsel Corporate Seal Attest: Bonita J. Smith - ------------------- Bonita J. Smith Assistant Secretary NAME, TITLE AND ADDRESS OF OFFICER TO WHOM NOTICES AND CORRESPONDENCE CONCERNING THIS STATEMENT SHOULD BE ADDRESSED: Kenneth S. Stewart Assistant General Counsel - ----------------------------------------------------------------- (Name) (Title) 2244 Walnut Grove Avenue, Post Office Box 999, Rosemead, CA 91770 - ----------------------------------------------------------------- (Address) 41 SCHEDULE I SOUTHERN CALIFORNIA EDISON COMPANY ELECTRIC GENERATING PROPERTIES
Generator Location Unit Date of Nameplate Name of Plant County No. Operation Rating kW - --------------------------------------------- --------------------- -------- ----------------- ---------------- MAIN SYSTEM - SCE OWNED COAL: Four Corners San Juan, NM 4 07/01/1969 818,100 Owned by Others - 52% (425,412) ---------------- Owned by SCE - 48% 392,688 5 07/01/1970 818,100 Owned by Others - 52% (425,412) ---------------- Owned by SCE - 48% 392,688 TOTAL SCE 785,376 ================ Mohave Clark, NV 1 04/01/1971 818,100 Owned by Others - 44% (359,964) ---------------- Owned by SCE - 56% 458,136 2 10/01/1971 818,100 Owned by Others - 52% (359,964) ---------------- Owned by SCE - 48% 458,136 TOTAL SCE 916,272 ================ TOTAL COAL 1,701,648 ================ NUCLEAR: San Onofre San Diego 1 01/01/1968 0 Owned by Others - 20% 0 ---------------- Owned by SCE - 80% 0 2 08/08/1983 1,127,000 Owned by Others - 24.95% (281,185) ---------------- Owned by SCE - 75.05% 845,815 3 04/01/1984 1,127,000 Owned by Others - 24.95% (281,185) ---------------- Owned by SCE - 75.05% 845,815 TOTAL SCE 1,691,630 ================ Palo Verde Maricopa, AZ 1 02/01/1986 1,403,100 Owned by Others - 84.2% (1,181,410) ---------------- Owned by SCE - 15.8% 221,690 2 09/19/1986 1,403,100 Owned by Others - 84.2% (1,181,410) ---------------- Owned by SCE - 15.8% 221,690
42
Generator Location Unit Date of Nameplate Name of Plant County No. Operation Rating kW - --------------------------------------------- --------------------- -------- ----------------- ---------------- 3 01/20/1988 1,403,100 Owned by Others - 84.2% (1,181,410) ---------------- Owned by SCE - 15.8% 221,690 TOTAL SCE 665,070 ================ TOTAL NUCLEAR: 2,356,700 ================ HYDRO: NORTHERN REGION HYDROELECTRIC PLANTS: Big Creek #1 Fresno 1 11/08/1913 19,800 2 11/08/1913 15,750 3 07/12/1923 21,600 4 06/08/1925 28,000 ----------------- ---------------- TOTAL PLANT 85,150 Big Creek #2 Fresno 3 12/18/1913 15,750 4 01/11/1914 15,750 5 02/01/1921 17,500 6 03/31/1925 17,500 ----------------- ---------------- TOTAL PLANT 66,500 Big Creek #2A Fresno 1 08/06/1928 55,000 2 12/21/1928 55,000 ----------------- ---------------- TOTAL PLANT 110,000 Big Creek #3 Fresno & Madera 1 10/03/1923 34,000 2 09/30/1923 34,000 3 10/05/1923 34,000 4 04/28/1948 36,000 5 02/24/1980 36,450 ----------------- ---------------- TOTAL PLANT 174,450 Big Creek #4 Fresno & Madera 1 06/12/1951 50,000 2 07/02/1951 50,000 ----------------- ---------------- TOTAL PLANT 100,000 Big Creek #8 Fresno 1 08/16/1921 30,000 2 06/08/1929 45,000 ----------------- ---------------- TOTAL PLANT 75,000 Kaweah #1 Tulare 1 05/25/1929 2,250 Kaweah #2 Tulare 2 09/13/1929 1,800 Kaweah #3 Tulare 1 05/29/1913 2,400 2 05/29/1913 2,400 ----------------- ---------------- TOTAL PLANT 4,800
44
Generator Location Unit Date of Nameplate Name of Plant County No. Operation Rating kW - --------------------------------------------- --------------------- -------- ----------------- ---------------- NORTHERN REGION HYDROELECTRIC PLANTS (continued) Mammoth Pool Madera 1 03/28/1960 95,000 2 03/28/1960 95,000 ----------------- ---------------- TOTAL PLANT 190,000 Portal Fresno 1 12/22/1956 10,800 John S. Eastwood Fresno 1 12/01/1987 199,800 Tule River Tulare 1 09/14/1909 1,260 2 09/14/1909 1,260 ----------------- ---------------- TOTAL PLANT 2,520 TOTAL NORTHERN REGION HYDRO PLANTS 1,023,070 ================ EASTERN REGION HYDROELECTRIC PLANTS: Fontana San Bernardino 1 12/22/1917 1,475 2 12/22/1917 1,475 ----------------- ---------------- TOTAL PLANT 2,950 Kern River #1 Kern 1 05/19/1907 6,570 2 06/07/1907 6,570 3 07/29/1907 6,200 4 06/27/1907 6,570 ----------------- ---------------- TOTAL PLANT 25,910 Kern River #3 Kern 1 05/13/1921 20,500 2 03/22/1921 19,670 ----------------- ---------------- TOTAL PLANT 40,170 Kern River Borel Kern 1 12/31/1904 3,000 2 12/31/1904 3,000 3 01/23/1932 6,000 ----------------- ---------------- TOTAL PLANT 12,000 Lytle Creek San Bernardino 1 10/23/1904 250 2 09/15/1904 250 ----------------- ---------------- TOTAL PLANT 500 Ontario #1 Los Angeles 1 12/00/1902 200 2 12/00/1902 200 3 12/00/1902 200 ----------------- ---------------- TOTAL PLANT 600 Ontario #2 Los Angeles 1 06/13/1963 320 San Gorgonio #1 Riverside 1 12/05/1923 1,500 San Gorgonio #2 Riverside 1 12/17/1923 938 Santa Ana #1 San Bernardino 1 02/14/1899 800 2 02/10/1899 800 3 01/09/1899 800
45
Generator Location Unit Date of Nameplate Name of Plant County No. Operation Rating kW - --------------------------------------------- --------------------- -------- ----------------- ---------------- EASTERN REGION HYDROELECTRIC PLANTS (continued) 4 01/10/1899 800 ----------------- ---------------- TOTAL PLANT 3,200 Santa Ana #2 San Bernardino 1 06/07/1905 400 2 05/20/1905 400 ----------------- ---------------- TOTAL PLANT 800 Santa Ana #3 San Bernardino 1 04/01/1947 1,200 Sierra Los Angeles 1 01/12/1922 240 2 02/16/1922 240 ----------------- ---------------- TOTAL PLANT 480 Mill Creek #1 San Bernardino 1 09/07/1893 800 Mill Creek #2 San Bernardino 1 08/03/1904 250 Mill Creek #3 San Bernardino 3 03/20/1903 1,000 4 01/23/1904 1,000 5 03/03/1904 1,000 ----------------- ---------------- TOTAL PLANT 3,000 Bishop Creek #2 Inyo 1 11/00/1908 2,500 2 11/00/1908 2,500 3 06/00/1911 2,320 ----------------- ---------------- TOTAL PLANT 7,320 Bishop Creek #3 Inyo 1 06/12/1913 2,750 2 06/12/1913 2,340 3 06/12/1913 2,500 ----------------- ---------------- TOTAL PLANT 7,590 Bishop Creek #4 Inyo 1 09/20/1905 1,000 2 09/20/1905 1,000 3 00/00/1906 1,985 4 10/01/1907 1,985 5 00/00/1909 1,985 ----------------- ---------------- TOTAL PLANT 7,955 Bishop Creek #5 Inyo 1 05/30/1943 2,000 2 06/01/1919 2,532 ----------------- ---------------- TOTAL PLANT 4,532 Bishop Creek #6 Inyo 1 03/12/1913 1,600 Lundy Mono 1 12/09/1911 1,500 2 02/02/1912 1,500 ----------------- ---------------- TOTAL PLANT 3,000 Poole Mono 1 00/00/1924 11,250
46
Generator Location Unit Date of Nameplate Name of Plant County No. Operation Rating kW - --------------------------------------------- --------------------- -------- ----------------- ---------------- Rush Creek Mono 1 10/17/1916 4,400 2 12/11/1917 4,000 ----------------- ---------------- TOTAL PLANT 8,400 TOTAL EASTERN REGION HYDRO PLANTS 146,265 ================ TOTAL HYDRO PLANTS 1,169,335 ================ TOTAL SCE OWNED RESOURCES (MAIN SYSTEM) 5,227,683 ================ ISOLATED SYSTEMS: Pebbly Beach (Diesel) Los Angeles 7 07/03/1958 1,000 (Catalina) 8 06/26/1963 1,500 10 07/25/1966 1,125 12 06/18/1976 1,550 14 10/24/1986 1,400 15 12/31/1995 2,800 ----------------- ---------------- TOTAL PLANT 9,375 Catalina Hydro Los Angeles 1 05/05/1983 30 2 07/24/1985 22 3 07/24/1985 57 ----------------- ---------------- TOTAL PLANT 109 TOTAL SCE OWNED RESOURCES: 9,484 ================ TOTAL ISOLATED SYSTEMS RESOURCES 9,484 ================
47 Attached hereto as Exhibit A are the following financial statements dated as of December 31, 1998, or for the year then ended: PAGES - -------------------------------Part 2------------------------------ Edison International and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 51-59 Southern California Edison Company and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 60-71 Southern California Edison Company and Subsidiaries Equity Investments 72 Edison Ventures and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 73-78 The Mission Group and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 79-90 Edison Technology Solutions and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 91-96 Edison Technology Solutions and Subsidiaries Equity Investments 97 Edison Enterprises and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 98-106 Edison Source and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 107-112 Edison Select and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 113-121 - -------------------------------Part 3------------------------------ Edison Capital and Subsidiaries Consolidating Balance Sheet (ASSETS) 122-153 - -------------------------------Part 4------------------------------ Edison Capital and Subsidiaries Consolidating Balance Sheet (LIABILITIES) 154-185 - -------------------------------Part 5------------------------------ Edison Capital and Subsidiaries Consolidating Statements of Income and Retained Earnings 186-217 - -------------------------------Part 6------------------------------ Edison Capital and Subsidiaries Equity Investments in Real Estate Limited Partnerships 218-335 - -------------------------------Part 7------------------------------ Mission Land Company and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 336-350 Mission Power Engineering Company and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 351-356 - -------------------------------Part 8------------------------------ Edison Mission Energy and Subsidiaries Consolidating Balance Sheet 357-414 48 PAGES - -------------------------------Part 9------------------------------ Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings 415-443 Edison Mission Energy and Subsidiaries Equity Investments 444-456 Mission Energy Fuel Company and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 457-465 Edison Mission Holdings Co. and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 466-474 Hanover Energy Company and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 475-480 - -------------------------------Part 10------------------------------ MEC International B.V. and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 481-516 MECI, Edison Mission Energy Asia Pte Ltd and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 517-525 MECI, Hydro Energy B.V. and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 526-531 MECI, Hydro, Iberica de Energias, S.A. and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 532-537 MECI, Iberian Hy-Power Amsterdam B.V. and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 538-543 MECI, Iberian, Hydro Energy B.V. and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 544-549 MECI, Iberian, Hydro, Iberica de Energias, S.A. and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 550-555 - -------------------------------Part 11------------------------------ MECI, Latrobe Power Pty Ltd and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 556-561 MECI, Loy Yang Holdings Pty Ltd and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 562-570 MECI, Loy Yang, Edison Mission Energy Holdings Pty Ltd and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 571-579 MECI, Loy Yang, EME Holdings, Edison Mission Energy Australia Ltd. and Subsidiaries Consolidating Balance Sheets and Consolidating Statements of Income and Retained Earnings 580-585 MECI, Loy Yang, Latrobe Power Pty Ltd and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 586-591 MECI, Loy Yang, Mission Energy Ventures Australia Pty. Ltd. and Subsidiaries Consolidating Balance Sheets and Consolidating Statements of Income and Retained Earnings 592-597 49 PAGES MECI, Loy Yang, Traralgon Power Pty. Ltd. and Subsidiaries Consolidating Balance Sheets and Consolidating Statements of Income and Retained Earnings 598-603 MECI, MEC Esenyurt B.V. and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 604-609 - -------------------------------Part 12------------------------------ MECI, MEC International Holdings B.V. and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 610-627 MECI, MECI Holdings, MEC Esenyurt B.V. and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 628-633 MECI, MECI Holdings, MEC Wales B.V. and Subsidiaries Consolidating Balance Sheets and Consolidating Statements of Income and Retained Earnings 634-681 - -------------------------------Part 13------------------------------ MECI, MEC Wales B.V. and Subsidiaries Consolidating Balance Sheets and Consolidating Statements of Income and Retained Earnings 682-729 - -------------------------------Part 14------------------------------ MECI, Mission Energy Company (U.K.) Limited and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 730-741 MECI, MEC(UK), Mission Hydro (UK) Limited and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 742-747 MECI, MEC(UK), Mission Hydro, First Hydro Holdings Co. and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 748-753 MECI, MEC(UK), Mission Hydro, Mission Hydro Limited Partnership and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 754-795 MECI, MEC(UK), Pride Hold Ltd and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 796-801 MECI, Pride Hold Ltd and Subsidiaries Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings 802-807 MECI, Rillington Holdings Limited and Subsidiaries Consolidating Balance Sheets and Consolidating Statements of Income and Retained Earnings 808-813 MECI, Traralgon Power Pty. Ltd. and Subsidiaries Consolidating Balance Sheets and Consolidating Statements of Income and Retained Earnings 814-819 MEC International B.V. and Subsidiaries Equity Investments 820-822 50 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 1998 (In thousands)
Southern The Mission Group Edison Ventures California Edison Consolidated Consolidated Co. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation $11,771,678 - - Accumulated provision for depreciation (6,062,562) - - Construction work in progress 455,233 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 6,164,349 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation 1,689,469 - - Accumulated provision for depreciation, decommissioning and amortization (833,917) - - Construction work in progress 61,431 - - Nuclear fuel, at amortized cost 172,250 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 1,089,233 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant 7,253,582 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation 56,681 $3,015,473 - Nuclear decommissioning trusts 2,239,929 - - Investments in partnerships and unconsolidated subsidiaries - 1,980,129 - Investments in leveraged leases - 1,621,133 - Other investments 179,480 - $2,406 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 2,476,090 6,616,735 2,406 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 81,500 494,514 - Receivables, including unbilled revenue, net of allowance for uncollectible Accounts 1,112,630 277,591 4 Fuel inventory 51,299 - - Materials and supplies, at average cost 116,259 - - Accumulated deferred income taxes - net 274,833 - - Regulatory balancing accounts - net 648,781 - - Prepayments and other current assets 91,992 45,195 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2,377,294 817,300 4 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory asset - unamortized nuclear investment - net 2,161,998 - - Regulatory asset - income tax-related deferred charges 1,463,256 - - Unamortized debt issuance and reacquisition expense 348,816 - - Other deferred charges 865,892 512,409 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 4,839,962 512,409 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $16,946,928 $7,946,444 $2,410 ============================================================= ==================== ==================== ====================
51 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Insurance Edison Drives Edison Services, Inc. Electric International - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation, decommissioning and amortization - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - $200 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 4,946,603 Investments in leveraged leases - - - Other investments $25,947 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 25,947 - 4,946,803 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 441 - 7,101 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 205 $33 247,778 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - 18 - Regulatory balancing accounts - net - - - Prepayments and other current assets 190 - 543 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 836 51 255,422 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory asset - unamortized nuclear investment - net - - - Regulatory asset - income tax-related deferred charges - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 95 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 95 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $26,783 $51 $5,202,320 ============================================================= ==================== ==================== ====================
52 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Edison Adjustments International Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - $11,771,678 - Accumulated provision for depreciation - (6,062,562) - Construction work in progress - 455,233 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - 6,164,349 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - 1,689,469 - Accumulated provision for depreciation, decommissioning and amortization - (833,917) - Construction work in progress - 61,431 - Nuclear fuel, at amortized cost - 172,250 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - 1,089,233 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - 7,253,582 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - 3,072,354 - Nuclear decommissioning trusts - 2,239,929 - Investments in partnerships and unconsolidated subsidiaries ($4,946,603) 1,980,129 - Investments in leveraged leases - 1,621,133 - Other investments - 207,833 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (4,946,603) 9,121,378 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 583,556 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts (322,411) 1,315,830 - Fuel inventory - 51,299 - Materials and supplies, at average cost - 116,259 - Accumulated deferred income taxes - net - 274,851 - Regulatory balancing accounts - net - 648,781 - Prepayments and other current assets - 137,920 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (322,411) 3,128,496 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory asset - unamortized nuclear investment - net - 2,161,998 - Regulatory asset - income tax-related deferred charges - 1,463,256 - Unamortized debt issuance and reacquisition expense - 348,816 - Other deferred charges (158,043) 1,220,353 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (158,043) 5,194,423 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($5,427,057) $24,697,879 - ============================================================= ==================== ==================== ====================
53 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 1998 (In thousands)
Southern The Mission Group Edison Ventures California Edison Consolidated Consolidated Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $2,168,054 $147,866 - Additional Paid in Capital 334,031 1,097,648 $2,406 Accumulated other comprehensive income: Cumulative translation adjustments - net - 29,699 - Unrealized gain in equity investments - net 39,462 - - Retained Earnings 793,625 400,944 (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 3,335,172 1,676,157 2,401 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption 128,755 - - Subject to mandatory redemption 255,700 150,000 - Long-term debt 5,446,638 2,714,516 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 5,831,093 2,864,516 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 9,166,265 4,540,673 2,401 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities 467,109 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 400,810 519,523 - Short-term debt 469,565 - - Accounts payable 447,484 209,204 9 Accrued taxes 678,955 17,817 - Accrued interest 89,828 62,102 - Dividends payable 91,742 - - Deferred unbilled revenue and other current liabilities 1,096,332 344,008 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 3,274,716 1,152,654 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,993,142 1,590,754 - Accumulated deferred investment tax credits 250,116 20,573 - Customer advances and other deferred credits 795,266 626,403 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 4,038,524 2,237,730 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 314 15,387 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $16,946,928 $7,946,444 $2,410 ============================================================= ==================== ==================== ====================
54 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Insurance Edison Drives Edison Services, Inc. Electric International - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $1 - $2,109,279 Additional Paid in Capital 1,729 - - Accumulated other comprehensive income: Cumulative translation adjustments - net 14,397 - - Unrealized gain in equity investments - net - - - Retained Earnings 327 ($23) 2,906,432 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 16,454 (23) 5,015,711 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 16,454 (23) 5,015,711 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - 96,061 Accounts payable - 63 155,288 Accrued taxes - 11 (66,877) Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities 509 - 1,300 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 509 74 185,772 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 9,820 - (2,480) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 3,317 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 9,820 - 837 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $26,783 $51 $5,202,320 ============================================================= ==================== ==================== ====================
55 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Edison Adjustments International Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($2,315,921) $2,109,279 - Additional Paid in Capital (1,435,814) - - Accumulated other comprehensive income: Cumulative translation adjustments - net - 29,699 - Unrealized gain in equity investments - net - 53,859 - Retained Earnings (1,194,868) 2,906,432 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (4,946,603) 5,099,269 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - 128,755 - Subject to mandatory redemption - 405,700 - Long-term debt (153,000) 8,008,154 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (153,000) 8,542,609 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (5,099,603) 13,641,878 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - 467,109 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 920,333 - Short-term debt - 565,626 - Accounts payable (322,297) 489,751 - Accrued taxes - 629,906 - Accrued interest (5,157) 146,773 - Dividends payable - 91,742 - Deferred unbilled revenue and other current liabilities - 1,442,149 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (327,454) 4,286,280 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 4,591,236 - Accumulated deferred investment tax credits - 270,689 - Customer advances and other deferred credits - 1,424,986 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 6,286,911 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 15,701 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($5,427,057) $24,697,879 - ============================================================= ==================== ==================== ====================
56 Edison International and Subsidiaries [Tier 1] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Southern The Mission Group Edison Ventures California Edison Consolidated Consolidated Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Sales to ultimate consumers $7,104,800 Sales to power exchange 1,347,579 Other 394,719 Total electric utility revenue - - - Diversified operations - $1,360,799 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 8,847,098 1,360,799 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 323,716 176,954 - Purchased power - contracts 2,625,900 - - Purchased power - power exchange 1,983,922 - - Provisions for regulatory adjustment clauses - net (472,519) - - Other operating expenses 1,480,644 616,505 $9 Maintenance 410,566 388 - Depreciation, decommissioning and amortization 1,545,735 116,541 Income taxes 445,642 18,780 (4) Property and other taxes 128,402 4,361 - Gain on sale of utility plant (542,608) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 7,929,400 933,529 5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric operating income 917,698 426,781 (5) Other utility operating income 307 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating income 918,005 426,781 (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction 11,826 - - Interest and dividend income 66,725 47,446 - Minority interest (30) (2,749) - Taxes on nonoperating income - - - Other nonoperating income - net (4,662) (31,244) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 73,859 13,453 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 991,864 440,234 (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 421,857 243,140 - Other interest expense 64,225 9,358 - Allowance for borrowed funds used during construction (8,046) - - Capitalized interest (1,294) (17,925) - Dividends on subsidiary preferred securities 24,632 13,149 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 501,374 247,722 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 490,490 192,512 (5) Retained earnings - beginning of year 1,407,834 249,980 - Dividends declared on common stock (1,104,699) (41,548) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $793,625 $400,944 ($5) ============================================================= ==================== ==================== ====================
57 Edison International and Subsidiaries [Tier 1] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
ENvestSCE Catalina Edison Insurance Edison Drives EPTC Taxes Services, Inc. Electric - ------------------------------------------------------------- -------------------- -------------------- -------------------- Sales to ultimate consumers Sales to power exchange Other $915 Total electric utility revenue - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 915 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 357 $41 Maintenance - - - Depreciation, decommissioning and amortization - - - Income taxes - 245 (18) Property and other taxes - - - Gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 602 23 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric operating income - 313 (23) Other utility operating income ($307) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating income (307) 313 (23) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (307) 313 (23) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - 313 (23) Retained earnings - beginning of year - 15 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $327 ($23) ============================================================= ==================== ==================== ====================
58 Edison International and Subsidiaries [Tier 1] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Consolidating Edison International Adjustments International Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Sales to ultimate consumers $7,104,800 Sales to power exchange 1,347,579 Other $46,193 ($47,117) 394,710 Total electric utility revenue - - - Diversified operations - - 1,360,799 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 46,193 (47,117) 10,207,888 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 500,670 Purchased power - contracts - - 2,625,900 Purchased power - power exchange - - 1,983,922 Provisions for regulatory adjustment clauses - net - - (472,519) Other operating expenses 70,951 (46,627) 2,121,880 Maintenance - - 410,954 Depreciation, decommissioning and amortization 43 - 1,662,319 Income taxes (9,368) - 455,277 Property and other taxes - - 132,763 Gain on sale of utility plant - - (542,608) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (61,626) (46,627) 8,878,558 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric operating income (15,433) - 1,329,330 Other utility operating income - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating income (15,433) - 1,329,330 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - 11,826 Interest and dividend income 6,591 (12,631) 108,131 Minority interest - - (2,779) Taxes on nonoperating income - - - Other nonoperating income - net (2,623) 307 (38,222) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 3,968 (12,324)- 78,956 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (11,465) (12,324) 1,408,286 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - (12,631) 652,366 Other interest expense 3,658 - 77,241 Allowance for borrowed funds used during construction - - (8,046) Capitalized interest - - (19,219) Dividends on subsidiary preferred securities - - 37,781 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 3,658 (12,631) 740,123 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (15,123) - 668,164 Retained earnings - beginning of year 3,175,883 (1,657,829) 3,175,883 Dividends declared on common stock - 208,633 (937,614) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $2,906,432 ($1,194,868) $2,906,432 ============================================================= ==================== ==================== ====================
59 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
California Conservation Edison ESI Electric Power Financing Company Corporation (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation, decommissioning and amortization - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - $120 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - 120 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - 61 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - 6,741 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - 1 Regulatory balancing accounts - net - - - Prepayments and other current assets - - 4,340 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 11,143 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory asset - unamortized nuclear investment - net - - - Regulatory asset - income tax-related deferred charges - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - $151,000 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $151,000 $11,263 ============================================================= ==================== ==================== ====================
60 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mono Power Company SCE Capital Company SCE Funding LLC (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation, decommissioning and amortization - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - $20,837 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - 20,837 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $153 - 183 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - $2 2,324 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 153 2 2,507 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory asset - unamortized nuclear investment - net - - - Regulatory asset - income tax-related deferred charges - - - Unamortized debt issuance and reacquisition expense - - (573) Other deferred charges - - 2,218,983 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 2,218,410 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $153 $2 $2,241,754 ============================================================= ==================== ==================== ====================
61 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
SCE UK Services Southern States Southern Limited Realty California Edison Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - $11,771,678 Accumulated provision for depreciation - - (6,062,562) Construction work in progress - - 455,233 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - 6,164,349 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - 1,689,469 Accumulated provision for depreciation, decommissioning and amortization - - (833,917) Construction work in progress - - 61,431 Nuclear fuel, at amortized cost - - 172,250 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - 1,089,233 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - 7,253,582 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $69 56,492 Nuclear decommissioning trusts - - 2,239,929 Investments in partnerships and unconsolidated subsidiaries - - 94,384 Investments in leveraged leases - - - Other investments - - 158,643 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 69 2,549,448 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 16 81,087 Receivables, including unbilled revenue, net of allowance for uncollectible accounts $9 15 1,299,682 Fuel inventory - - 51,299 Materials and supplies, at average cost - - 116,259 Accumulated deferred income taxes - net - - 274,832 Regulatory balancing accounts - net - - 648,781 Prepayments and other current assets - - 87,652 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 9 31 2,559,592 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory asset - unamortized nuclear investment - net - - 2,161,998 Regulatory asset - income tax-related deferred charges - 400 1,462,856 Unamortized debt issuance and reacquisition expense - - 349,389 Other deferred charges - - 714,892 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 400 4,689,135 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $9 $500 $17,051,757 ============================================================= ==================== ==================== ====================
62 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Southern Adjustments California Edison Co. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - $11,771,678 - Accumulated provision for depreciation - (6,062,562) - Construction work in progress - 455,233 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - 6,164,349 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - 1,689,469 - Accumulated provision for depreciation, Decommissioning and amortization - (833,917) - Construction work in progress - 61,431 - Nuclear fuel, at amortized cost - 172,250 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - 1,089,233 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - 7,253,582 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - 56,681 - Nuclear decommissioning trusts - 2,239,929 - Investments in partnerships and unconsolidated subsidiaries ($94,384) - - Investments in leveraged leases - - - Other investments 179,480 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (94,384) 2,476,090 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 81,500 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts (196,143) 1,112,630 - Fuel inventory - 51,299 - Materials and supplies, at average cost - 116,259 - Accumulated deferred income taxes - net - 274,833 - Regulatory balancing accounts - net - 648,781 - Prepayments and other current assets - 91,992 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (196,143) 2,377,294 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory asset - unamortized nuclear investment - net - 2,161,998 - Regulatory asset - income tax-related deferred charges - 1,463,256 Unamortized debt issuance and reacquisition expense - 348,816 Other deferred charges (2,218,983) 865,892 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,839,962 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($2,509,510) $16,946,928 - ============================================================= ==================== ==================== ====================
63 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
California Conservation Edison ESI Electric Power Financing Company (Inactive) Corporation - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $20 - Additional Paid in Capital - 62,983 $100 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings - 6,772 3,268 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - 69,775 3,368 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - 69,775 3,368 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable - 4,443 5,892 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - (36) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 4,443 5,856 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (57,147) 1,574 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 133,615 465 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 76,468 2,039 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 314 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $151,000 $11,263 ============================================================= ==================== ==================== ====================
64 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mono Power Company SCE Capital Company SCE Funding LLC (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $20 - Additional Paid in Capital $2,749 100 $28,005 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (2,694) (2,200) (4,837) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 55 (2,080) 23,168 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - 1,969,783 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 55 (2,080) 1,992,951 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 246,300 Short-term debt - - - Accounts payable 98 2,082 565 Accrued taxes - - - Accrued interest - - 1,938 Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 98 2,082 248,803 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $153 $2 $2,241,754 ============================================================= ==================== ==================== ====================
65 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
SCE UK Services Southern States Southern Limited Realty California Edison Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - $2,168,054 Additional Paid in Capital - - 334,031 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - 39,462 Retained Earnings $4 $94 793,625 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - 3,335,172 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - 128,755 Subject to mandatory redemption - - 255,700 Long-term debt - - 5,695,838 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 4 94 9,415,465 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - 467,109 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 154,510 Short-term debt - - 469,565 Accounts payable 3 6 630,538 Accrued taxes 1 - 678,954 Accrued interest 1 - 87,889 Dividends payable - - 91,742 Deferred unbilled revenue and other current liabilities - - 1,096,368 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 5 6 3,209,566 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 400 3,048,315 Accumulated deferred investment tax credits - - 250,116 Customer advances and other deferred credits - - 661,186 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 400 3,959,617 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $9 $500 $17,051,757 ============================================================= ==================== ==================== ====================
66 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Southern Adjustments California Edison Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($40) $2,168,054 - Additional Paid in Capital (93,937) 334,031 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - 39,462 - Retained Earnings (407) 793,625 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - 3,335,172 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - 128,755 - Subject to mandatory redemption - 255,700 - Long-term debt (2,218,983) 5,446,638 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - 5,831,093 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (2,313,367) 9,166,265 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - 467,109 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 400,810 - Short-term debt - 469,565 - Accounts payable (196,143) 447,484 - Accrued taxes - 678,955 - Accrued interest - 89,828 - Dividends payable - 91,742 - Deferred unbilled revenue and other current liabilities - 1,096,332 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (196,143) 3,274,716 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 2,993,142 - Accumulated deferred investment tax credits - 250,116 - Customer advances and other deferred credits - 795,266 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 4,038,524 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 314 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $16,946,928 - ============================================================= ==================== ==================== ====================
67 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
California Conservation Edison ESI Electric Power Financing Company (Inactive) Corporation - ------------------------------------------------------------- -------------------- -------------------- -------------------- Sales to ultimate consumers Sales to power exchange Other $29,336 Total electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 29,336 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - $172 26,226 Maintenance - - - Depreciation, decommissioning and amortization - - 20 Income taxes - 2,789 1,552 Property and other taxes - - - Gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 2,961 27,798 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric operating income - (2,961) 1,538 Other utility operating income - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating income - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 8,864 44 Minority interest - (30) - Other nonoperating income - net - - (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 8,834 42 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - 5,873 1,580 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - 228 Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - 228 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - 5,873 - Retained earnings - beginning of year - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $5,873 $1,352 ============================================================= ==================== ==================== ====================
68 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mono Power Company SCE Capital Company SCE Funding LLC (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Sales to ultimate consumers Sales to power exchange Other Total electric utility revenue - - $150,396 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 150,396 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - $8 6,915 Maintenance - - - Depreciation, decommissioning and amortization - - - Income taxes - (2) Property and other taxes - - - Gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 6 6,915 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric operating income - (6) 143,481 Other utility operating income - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating income - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 1,229 2,719 Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 1,229 2,719 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - 1,223 146,200 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 1,229 151,096 Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 1,229 151,096 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - (6) (4,896) Retained earnings - beginning of year - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($6) ($4,896) ============================================================= ==================== ==================== ====================
69 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
SCE UK Services Southern States Southern Limited Realty California Edison Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Sales to ultimate consumers - - $7,104,800 Sales to power exchange - - 1,347,579 Other - $1,065 364,902 Total electric utility revenue $70 - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 1,065 8,817,281 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 343,789 Purchased power - contracts - - 2,625,900 Purchased power - power exchange - - 1,983,922 Provisions for regulatory adjustment - clauses - net - - (472,519) Other operating expenses 66 1,051 1,426,788 Maintenance - - 410,567 Depreciation, decommissioning and amortization - - 1,545,715 Income taxes 1 (2) 441,304 Property and other taxes - - 128,402 Gain on sale of utility plant - - (542,608) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 67 1,049 7,891,260 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric operating income 3 16 926,021 Other utility operating income - - 307 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating income - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - Allowance for equity funds used during construction - - 11,826 Interest and dividend income - - 55,326 Minority interest - - - Other nonoperating income - net - - (4,823) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - 62,329 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 3 16 988,657 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - 420,995 Other interest expense - - 64,225 Allowance for borrowed funds used during construction - - (8,046) Capitalized interest - - (1,294) Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - 475,880 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 3 16 512,777 Retained earnings - beginning of year - - Dividends declared on preferred stock - - 24,632 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $3 $16 $488,145 ============================================================= ==================== ==================== ====================
70 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating Southern Adjustments California Edison Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Sales to ultimate consumers - $7,104,800 - Sales to power exchange - 1,347,579 - Other - 394,719 - Total electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 8,847,098 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel ($20,073) 323,716 - Purchased power - contracts - 2,625,900 - Purchased power - power exchange - 1,983,922 - Provisions for regulatory adjustment clauses - net - (472,519) - Other operating expenses 19,418 1,480,644 - Maintenance - 410,566 - Depreciation, decommissioning and amortization - 1,545,735 - Income taxes - 445,642 - Property and other taxes - 128,402 - Gain on sale of utility plant - (542,608) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (656) 7,929,400 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric operating income - 917,698 - Other utility operating income - 307 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating income - 918,005 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - 11,826 - Interest and dividend income - 66,725 - Minority interest - (30) - Other nonoperating income - net - (4,662) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 73,859 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (151,688) 991,864 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (151,691) 421,857 - Other interest expense - 64,225 - Allowance for borrowed funds used during Construction - (8,046) - Capitalized interest - (1,294) - Dividends on subsidiary preferred Securities - 24,632 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (151,691) 501,374 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - 490,490 - Retained earnings - beginning of year - 1,407,834 - Dividends declared on preferred stock - (1,104,699) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $793,625 - ============================================================= ==================== ==================== ====================
71 Southern California Edison Company and Subsidiaries Equity Investments December 31, 1998 (In thousands)
Bear Creek Uranium Company (inactive) Name of Entity: - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - Revenues - Net Income (Loss) - Nature/Purpose of Business: To develop and operate an integrated uranium mining complex in Wyoming. Ownership Interest(s): 50% by Mono Power Company
72 Edison Ventures and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Ventures Edison TransEnergy Consolidating Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments $2,406 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 2,406 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 4 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,410 - - ============================================================= ==================== ==================== ====================
73 Edison Ventures and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Ventures Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments $2,406 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 2,406 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 4 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,410 - - ============================================================= ==================== ==================== ====================
74 Edison Ventures and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Ventures Edison TransEnergy Consolidating Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $2,406 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (5) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 2,401 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 2,401 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 9 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 9 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $2,410 - - ============================================================= ==================== ==================== ====================
75 Edison Ventures and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Ventures Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $2,406 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (5) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 2,401 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 2,401 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 9 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 9 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $2,410 - - ============================================================= ==================== ==================== ====================
76 Edison Ventures and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Ventures Edison TransEnergy Consolidating Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $9 - - Maintenance - - - Depreciation and decommissioning (4) - - Income taxes - - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 5 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (5) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (5) - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($5) - - ============================================================= ==================== ==================== ====================
77 Edison Ventures and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Ventures Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $9 - - Maintenance - - - Depreciation and decommissioning (4) - - Income taxes - - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 5 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (5) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (5) - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($5) - - ============================================================= ==================== ==================== ====================
78 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
The Mission Group Edison Technology Solutions Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $260 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $10,000 - - Investments in leveraged leases - - - Other investments 1,426,166 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 1,436,166 260 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 66 4,011 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 13,586 4,927 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 1,047 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 13,652 9,985 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 10,584 629 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 10,584 629 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,460,402 $10,874 - ============================================================= ==================== ==================== ====================
79 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Edison Enterprises Edison Mission Environmental Consolidated Energy Consolidated Services - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $24,480 $2,874,813 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 302,074 1,226,546 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 326,554 4,101,359 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 4,435 459,178 Receivables, including unbilled revenue, net of allowance for uncollectible Accounts - 32,865 112,949 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 5,070 35,189 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 42,370 607,316 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 31,100 449,441 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 31,100 449,441 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $400,024 $5,158,116 ============================================================= ==================== ==================== ====================
80 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Mission Land Mission Power Consolidated Company Engineering Consolidated Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $32,806 $82,353 $761 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 443,328 - - Investments in leveraged leases 1,621,133 - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 2,097,267 82,353 761 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 19,938 6,886 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 125,742 2,808 7 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 2,594 1,295 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 148,274 10,989 7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 30,433 15,986 416 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 30,433 15,986 416 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,275,974 $109,328 $1,184 ============================================================= ==================== ==================== ====================
81 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating The Mission Group Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $3,015,473 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($1,819) 1,980,129 - Investments in leveraged leases - 1,621,133 - Other investments (1,426,166) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (1,427,985) 6,616,735 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 494,514 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts (15,293) 277,591 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 45,195 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (15,293) 817,300 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges (26,180) 512,409 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (26,180) 512,409 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($1,469,458) $7,946,444 - ============================================================= ==================== ==================== ====================
82 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
The Mission Group Edison Technology Solutions Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $147,866 - - Additional Paid in Capital 1,097,648 $7,445 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - Unrealized gain in equity investments - net - - - Retained Earnings 209,325 (2,546) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 1,454,839 4,899 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 1,454,839 4,899 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 398 3,182 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 5,165 2,768 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 5,563 5,950 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 25 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 25 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,460,402 $10,874 - ============================================================= ==================== ==================== ====================
83 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Edison Enterprises Edison Mission Environmental Consolidated Energy Consolidated Services - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - $64,130 Additional Paid in Capital - $244,677 629,406 Accumulated other comprehensive income: Cumulative translation adjustments - net - - 29,679 Unrealized gain in equity investments - net - - - Retained Earnings - (60,650) 234,345 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - 184,027 957,560 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: 150,000 Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - 2,366,430 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - 184,027 3,473,990 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 224,516 Short-term debt - - - Accounts payable - 177,261 35,484 Accrued taxes - 464 17,344 Accrued interest - - 56,708 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 36,316 167,225 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 214,041 501,277 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 592,436 Accumulated deferred investment tax credits - - 20,573 Customer advances and other deferred credits - 1,956 554,282 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 1,956 1,167,291 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - 15,558 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $400,024 $5,158,116 ============================================================= ==================== ==================== ====================
84 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Mission Land Mission Power Consolidated Company Engineering Consolidated Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - $3,000 Additional Paid in Capital $80,597 $102,581 - Accumulated other comprehensive income: Cumulative translation adjustments - net 20 - - Unrealized gain in equity investments - net - - - Retained Earnings 326,845 1,487 (12,608) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 407,462 104,068 (9,608) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 348,086 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 755,548 104,068 (9,608) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 295,007 - - Short-term debt - - - Accounts payable 4,373 169 150 Accrued taxes - 9 - Accrued interest 5,244 - 150 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 131,475 1,059 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 436,099 1,237 300 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,013,191 1,710 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 71,307 2,313 10,492 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 1,084,498 4,023 10,492 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (171) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $2,275,974 $109,328 $1,184 ============================================================= ==================== ==================== ====================
85 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating The Mission Group Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($67,130) $147,866 - Additional Paid in Capital (1,064,706) 1,097,648 - Accumulated other comprehensive income: Cumulative translation adjustments - net - 29,699 - Unrealized gain in equity investments - net - - - Retained Earnings (295,254) 400,944 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (1,427,090) 1,676,157 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: 150,000 Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 2,714,516 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (1,427,090) 4,540,673 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 519,523 - Short-term debt - - - Accounts payable (11,813) 209,204 - Accrued taxes - 17,817 - Accrued interest - 62,102 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 344,008 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (11,813) 1,152,654 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (16,583) 1,590,754 - Accumulated deferred investment tax credits - 20,573 - Customer advances and other deferred credits (13,972) 626,403 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (30,555) 2,237,730 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 15,687 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($1,469,458) $7,946,444 - ============================================================= ==================== ==================== ====================
86 The Mission Group and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
The Mission Group Edison Technology Solutions Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - Diversified operations - $8,103 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 8,103 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $276 12,015 - Maintenance - - - Depreciation and decommissioning - 50 - Income taxes (107) (1,576) - Property and other taxes - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 169 10,489 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (169) (2,386) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 17 134 - Minority interest - - - Taxes on nonoperating income (7) 88 Other nonoperating income - net (355) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 10 (133) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (159) (2,519) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (159) (2,519) - Retained earnings - beginning of year 100,600 - Dividends declared on common stock 108,884 (27) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $209,325 ($2,546) - ============================================================= ==================== ==================== ====================
87 The Mission Group and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Edison Enterprises Edison Mission Environmental Consolidated Energy Consolidated Services - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - $664,055 Diversified operations - $171,242 229,725 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 171,242 893,780 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 176,954 Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 227,708 278,681 Maintenance - - - Depreciation and decommissioning - 9,101 87,339 Income taxes - (26,406) 50,277 Property and other taxes - - 341 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 210,403 593,592 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (39,161) 300,188 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - 42,413 Minority interest - - (2,769) Taxes on nonoperating income (20,168) Other nonoperating income - net - - 8,520 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - 27,996 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - (39,161) 328,184 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - 200,742 Other interest expense - 3,611 84 Allowance for borrowed funds used during construction - - - Capitalized interest - - (17,925) Dividends on subsidiary preferred securities - - 13,149 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 3,611 196,050 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - (42,772) 132,134 Retained earnings - beginning of year - (36,200) 102,620 Dividends declared on common stock - 18,322 (409) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($60,650) $234,345 ============================================================= ==================== ==================== ====================
88 The Mission Group and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Capital Mission Land Mission Power Consolidated Company Engineering Consolidated Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $235,101 $51,868 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 235,101 51,868 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 51,005 46,763 $57 Maintenance - 388 - Depreciation and decommissioning 19,551 496 4 Income taxes (4,073) 557 20 Property and other taxes - 3,997 23 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 66,483 52,201 104 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 168,618 (333) (104) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 3,753 1,126 3 Minority interest 20 - - Taxes on nonoperating income 10,638 (204) (67) Other nonoperating income - net (29,859) 9 161 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (15,448) 931 97 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 153,170 598 (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 42,248 - 150 Other interest expense 5,663 - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 47,911 - 150 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 105,259 598 (157) Retained earnings - beginning of year 221,780 888 (12,451) Dividends declared on common stock (194) 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $326,845 $1,487 ($12,608) ============================================================= ==================== ==================== ====================
89 The Mission Group and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating The Mission Group Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $664,055 - Diversified operations $216 696,255 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 216 1,360,310 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 176,954 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 616,505 - Maintenance - 388 - Depreciation and decommissioning - 116,541 - Income taxes 88 18,780 - Property and other taxes - 4,361 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 88 933,529 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 128 426,781 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 47,446 - Minority interest - (2,749) - Taxes on nonoperating income (9,720) Other nonoperating income - net - (21,524) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 13,453 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 128 440,234 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 243,140 - Other interest expense - 9,358 - Allowance for borrowed funds used during construction - - - Capitalized interest - (17,925) - Dividends on subsidiary preferred securities - 13,149 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 247,722 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 128 192,512 - Retained earnings - beginning of year (127,257) 249,980 - Dividends declared on common stock (168,125) (41,548) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($295,254) $400,944 - ============================================================= ==================== ==================== ====================
90 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Technology Edison EV Consolidating Solutions Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $186 $74 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 186 74 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 3,799 212 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 3,721 1,206 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 1,047 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 7,520 2,465 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 219 410 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 219 410 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $7,925 $2,949 - ============================================================= ==================== ==================== ====================
91 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Technology Solutions Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $260 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 260 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 4,011 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 4,927 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 1,047 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 9,985 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 629 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 629 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $10,874 - - ============================================================= ==================== ==================== ====================
92 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Technology Edison EV Consolidating Solutions Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $6,000 $1,445 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (2,169) (377) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 3,831 1,068 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 3,831 1,068 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 2,434 748 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 1,635 1,133 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4,069 1,881 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 25 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 25 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $7,925 $2,949 - ============================================================= ==================== ==================== ====================
93 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Technology Solutions Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $7,445 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (2,546) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 4,899 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 4,899 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 3,182 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 2,768 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 5,950 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 25 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 25 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $10,874 - - ============================================================= ==================== ==================== ====================
94 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Technology Edison EV Consolidating Solutions Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $7,066 $1,037 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 10,740 1,971 ($696) Maintenance - - - Depreciation and decommissioning 32 18 - Income taxes (1,484) (367) 275 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 9,288 1,622 (421) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2,222) (585) (421) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 134 - - Minority interest - - - Taxes on nonoperating income (54) 142 - Other nonoperating income - net - (355) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 80 (213) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (2,142) (798) (421) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (2,142) (798) 421 Retained earnings - beginning of year - 421 ($421) Dividends declared on common stock (27) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,169) ($377) - ============================================================= ==================== ==================== ====================
95 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Technology Solutions Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $8,103 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 12,015 - - Maintenance - - - Depreciation and decommissioning 50 - - Income taxes (1,576) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 10,489 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2,386) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 134 - - Minority interest - - - Taxes on nonoperating income 88 - - Other nonoperating income - net (355) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (133) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (2,519) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - Net Income (2,519) - - Retained earnings - beginning of year - - - Dividends declared on common stock (27) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,546) - - ============================================================= ==================== ==================== ====================
96 Edison Technology Solutions and Subsidiaries Equity Investments December 31, 1998 (In thousands)
Name of Entity: Facilichem, Inc. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $23 Revenues - Net Income (Loss) ($8) Nature/Purpose of Business: Research, development and commercialization of liquid membrane technologies Ownership Interest(s): 10% by Edison Technology Solutions with option to increase interest to 16.66%
97 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Enterprises Edison Source Edison Select Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $8,647 $11,909 $1,461 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (54,045) - 304,318 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (45,398) 11,909 305,779 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 3,426 1,009 Receivables, including unbilled revenue, net of allowance for uncollectible Accounts 23,391 78,065 12,634 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 775 4,062 233 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 24,166 85,553 13,876 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 239 22,195 5,498 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 239 22,195 5,498 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($20,993) $119,657 $325,153 ============================================================= ==================== ==================== ====================
98 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Utility Edison EV Consolidating Services Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,959 - $504 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 51,801 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 1,959 - 52,305 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 788 - (82,013) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 788 - (82,013) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - 3,168 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 3,168 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,747 - ($26,540) ============================================================= ==================== ==================== ====================
99 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Enterprises Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $24,480 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 302,074 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 326,554 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 4,435 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 32,865 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 5,070 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 42,370 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 31,100 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 31,100 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $400,024 - - ============================================================= ==================== ==================== ====================
100 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Enterprises Edison Source Edison Select Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital ($13,323) $46 $260,244 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (60,650) (37,181) (15,225) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (73,973) (37,135) 245,019 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (73,973) (37,135) 245,019 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 54,228 124,498 76,302 Accrued taxes 28 400 36 Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities (300) 34,445 1,558 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 53,956 159,343 77,896 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits (976) (2,551) 2,238 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (976) (2,551) 2,238 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($20,993) $119,657 $325,153 ============================================================= ==================== ==================== ====================
101 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Utility Edison EV Consolidating Services Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - ($2,290) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings ($1,685) - 54,091 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (1,685) - 51,801 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (1,685) - 51,801 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 4,246 - (82,013) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 613 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4,859 - (82,013) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits (427) - 3,672 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (427) - 3,672 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $2,747 - ($26,540) ============================================================= ==================== ==================== ====================
102 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Enterprises Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $244,677 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (60,650) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 184,027 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 184,027 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 177,261 - - Accrued taxes 464 - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 36,316 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 214,041 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits 1,956 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 1,956 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $400,024 - - ============================================================= ==================== ==================== ====================
103 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Enterprises Edison Source Edison Select Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $133,417 $33,916 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 133,417 33,916 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $24,882 154,971 39,715 Maintenance - - - Depreciation and decommissioning 1,295 2,586 4,982 Income taxes (9,906) (10,232) (4,416) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 16,271 147,325 40,281 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (16,271) (13,908) (6,365) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during - - - construction Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense 109 2,573 636 Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 109 2,573 636 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (16,380) (16,481) (7,001) Retained earnings - beginning of year (3,968) (20,324) (8,224) Dividends declared on common stock (40,302) (376) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($60,650) ($37,181) ($15,225) ============================================================= ==================== ==================== ====================
104 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Utility Edison EV Consolidating Services Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $29 $3,880 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 29 3,880 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 2,631 5,509 - Maintenance - - - Depreciation and decommissioning 112 126 - Income taxes (1,035) (817) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,708 4,818 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1,679) (938) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense 6 287 - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 6 287 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1,685) (1,225) - Retained earnings - beginning of year - (3,684) - Dividends declared on common stock - 4,909 54,091 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,685) ($0) $54,091 ============================================================= ==================== ==================== ====================
105 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Enterprises Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $171,242 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 171,242 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 227,708 - - Maintenance - - - Depreciation and decommissioning 9,101 - - Income taxes (26,406) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 210,403 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (39,161) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense 3,611 - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 3,611 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (42,772) - - Retained earnings - beginning of year (36,200) - - Dividends declared on common stock 18,322 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($60,650) - - ============================================================= ==================== ==================== ====================
106 Edison Source and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Source G.H.V. Refrigera- Consolidating tion, Inc. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $10,850 $1,059 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 10,850 1,059 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 4,750 (1,324) - Receivables, including unbilled revenue, net of allowance for uncollectible Accounts 68,179 9,886 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 1,108 2,954 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 74,037 11,516 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 23,005 (810) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 23,005 (810) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $107,892 $11,765 - ============================================================= ==================== ==================== ====================
107 Edison Source and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Source Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $11,909 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 11,909 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 3,426 - - Receivables, including unbilled revenue, net of allowance for uncollectible Accounts 78,065 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 4,062 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 85,553 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 0 Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 22,195 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 22,195 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $119,657 - - ============================================================= ==================== ==================== ====================
108 Edison Source and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Source G.H.V. Refrigera- Consolidating tion, Inc. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital ($14) $60 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (38,219) 1,038 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (38,233) 1,098 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (38,233) 1,098 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 128,256 (3,758) - Accrued taxes 281 119 - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 20,351 14,094 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 148,888 10,455 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits (2,763) 212 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (2,763) 212 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $107,892 $11,765 - ============================================================= ==================== ==================== ====================
109 Edison Source and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Source Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $46 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (37,181) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (37,135) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (37,135) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 124,498 - - Accrued taxes 400 - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 34,445 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 159,343 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (2,551) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (2,551) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $119,657 - - ============================================================= ==================== ==================== ====================
110 Edison Source and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Source G.H.V. Refrigera- Consolidating tion, Inc. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $97,082 $36,335 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 117,248 37,724 - Maintenance - - - Depreciation and decommissioning 2,482 104 - Income taxes (10,234) 2 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 109,496 37,830 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (12,414) (1,495) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense 2,580 (7) - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 2,580 (7) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (14,993) (1,488) - Retained earnings - beginning of year (20,324) - - Dividends declared on common stock (2,902) 2,526 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($38,219) $1,038 - ============================================================= ==================== ==================== ====================
111 Edison Source and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Source Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $133,417 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 154,972 - - Maintenance - - - Depreciation and decommissioning 2,586 - - Income taxes (10,232) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 147,326 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (13,909) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense 2,573 - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 2,573 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (16,481) - - Retained earnings - beginning of year (20,324) - - Dividends declared on common stock (376) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($37,181) - - ============================================================= ==================== ==================== ====================
112 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Select Edison Home Select Home Protection Company Warranty Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $5 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 304,318 - - Investments in leveraged leases - - - Other investments 930 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 305,253 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $1,009 Receivables, including unbilled revenue, net of allowance for uncollectible Accounts 9,260 - 3,372 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 115 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 9,375 - 4,381 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 1,202 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $315,830 - $4,381 ============================================================= ==================== ==================== ====================
113 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Westec Residential Valley Burglar & Consolidating Security, Inc. Fire Alarm Co., Adjustments Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not Subject to cost-based rate regulation - - - Accumulated provision for depreciation And decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated Provision for depreciation $24,674 $1,346 ($24,564) Nuclear decommissioning trusts - - - Investments in partnerships (277,907) and unconsolidated subsidiaries 271,770 6,137 - Investments in leveraged leases - - - Other investments 20,004 3,503 (24,437) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 316,448 10,986 (326,908) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 181 660 (841) Receivables, including unbilled revenue, net of allowance for uncollectible Accounts 3,611 436 (4,045) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 3,449 9,103 (12,434) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 7,241 10,199 (17,320) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - 4,296 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 4,296 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $323,689 $21,185 ($339,932) ============================================================= ==================== ==================== ====================
114 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Select Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,461 - - Nuclear decommissioning trusts - - - Investments in partnerships 304,318 and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 305,779 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1,009 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 12,634 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 233 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 13,876 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 5,498 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 5,498 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $325,153 ============================================================= ==================== ==================== ====================
115 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Select Edison Home Select Home Protection Company Warranty Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $258,000 - $2,244 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (8,254) - (1,624) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 249,746 - 620 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 249,746 - 620 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 73,522 - 3,253 Accrued taxes 5 - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities (8,208) - 198 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 65,319 - 3,451 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits 765 - 310 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 765 - 310 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $315,830 - $4,381 ============================================================= ==================== ==================== ====================
116 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Westec Residential Valley Burglar & Consolidating Security, Inc. Fire Alarm Co., Adjustments Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $262,698 $19,374 ($282,072) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (145) 421 (5,623) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 262,553 19,795 (287,695) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 850 - (850) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 850 - (850) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 263,403 19,795 (288,545) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 960 - (960) Short-term debt - - - Accounts payable 15,316 185 (15,974) Accrued taxes 940 (4) (905) Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 29,839 499 (20,770) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 47,055 680 (38,609) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits 13,231 710 (12,778) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 13,231 710 (12,778) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $323,689 $21,185 ($339,932) ============================================================= ==================== ==================== ====================
117 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Select Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $260,244 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (15,225) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 245,019 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 245,019 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 76,302 - - Accrued taxes 36 - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 1,558 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 77,896 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits 2,238 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 2,238 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $325,153 - - ============================================================= ==================== ==================== ====================
118 Edison Select and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Select Edison Home Select Home Protection Company Warranty Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $3,873 - $826 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 3,873 - 826 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 5,971 - 1,204 Maintenance - - - Depreciation and decommissioning - - - Income taxes (785) - (279) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 5,186 - 925 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1,313) - (99) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1,313) - (99) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - (19) Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - (19) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1,313) - (80) Retained earnings - beginning of year (6,941) - (1,544) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8,254) - ($1,624) ============================================================= ==================== ==================== ====================
119 Edison Select and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Westec Residential Valley Burglar & Consolidating Security, Inc. Fire Alarm Co., Adjustments Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $26,445 $2,772 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 26,445 2,772 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - Other operating expenses 30,509 2,030 - Maintenance - - - Depreciation and decommissioning 4,774 208 - Income taxes (3,553) 202 - Property and other taxes - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 31,730 2,440 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (5,285) 332 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income (5) 5 - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (5) 5 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (5,290) 337 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense 655 - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 655 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (5,945) 337 - Retained earnings - beginning of year 5,800 84 ($5,623) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($145) $421 ($5,623) ============================================================= ==================== ==================== ====================
120 Edison Select and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Select Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $33,916 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 33,916 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 39,714 - - Maintenance - - - Depreciation and decommissioning 4,982 - - Income taxes (4,415) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 40,281 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (6,365) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (6,365) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense 636 - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 636 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (7,001) - - Retained earnings - beginning of year (8,224) - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($15,225) - - ============================================================= ==================== ==================== ====================
121 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Burlington Edison Capital Edison Capital Apartments, Inc. Europe Limited Ventures - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $27,834 $132 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 27,834 132 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 833 264 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 676 14 $1 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 479 125 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,988 403 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 717 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 717 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $30,539 $535 $1 ============================================================= ==================== ==================== ====================
Page 122 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Funding Edison Mortgage Mission Bartlett Company Company Hill Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $3,858 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 443,302 - - Investments in leveraged leases 1,621,132 - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 2,068,292 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 18,821 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 179,754 $22 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 151 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 198,726 22 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 21,452 4,848 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 21,452 4,848 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,288,470 $4,870 - ============================================================= ==================== ==================== ====================
Page 123 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Renewable Energy Edison Capital International Capital Company Capital, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - $984 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - 984 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - 19 Receivables, including unbilled revenue, net of allowance for uncollectible accounts $3 $13,481 25,010 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 1,839 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3 13,481 26,868 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 25 3,391 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 25 3,391 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3 $13,506 $31,243 ============================================================= ==================== ==================== ====================
Page 124 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Edison Capital Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $32,806 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $25 443,328 - Investments in leveraged leases - 1,621,133 - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 25 2,097,267 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 19,938 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts (93,220) 125,742 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 2,594 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (93,220) 148,274 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 30,433 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 30,433 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($93,195) $2,275,974 - ============================================================= ==================== ==================== ====================
Page 125 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Funding Edison Integrated Housing Omicron GP Energy Services Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,328 $2,530 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 387,747 (2) - Investments in leveraged leases 319 - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 389,394 2,528 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1,287 - $26 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 676,641 264 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 138 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 678,066 264 26 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 19,036 197 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 19,036 197 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,086,496 $2,989 $26 ============================================================= ==================== ==================== ====================
Page 126 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission First Mission Funding Mission Funding Asset Investment Beta Epsilon Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $35,793 Investments in leveraged leases - $460,837 902,984 Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 460,837 938,777 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - 123 Receivables, including unbilled revenue, net of allowance for uncollectible accounts $19,771 26,635 333,917 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 13 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 19,771 26,635 334,053 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - 101 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 101 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $19,771 $487,472 $1,272,931 ============================================================= ==================== ==================== ====================
Page 127 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Funding Mission Funding Mission Funding Gamma Kappa Zeta - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $20,010 Investments in leveraged leases $256,992 - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 256,992 - 20,010 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 11,181 $15 47,823 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 11,181 15 47,823 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $268,173 $15 $67,833 ============================================================= ==================== ==================== ====================
Page 128 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Funding Consolidating Edison Funding Company Adjustments Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - $3,858 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - ($246) 443,302 Investments in leveraged leases - - 1,621,132 Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - (246) 2,068,292 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $17,411 - 18,821 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2,037,060 (2,973,579) 179,754 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 151 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2,054,471 (2,973,579) 198,726 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 2,118 - 21,452 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 2,118 - 21,452 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,056,589 ($2,973,825) $2,288,470 ============================================================= ==================== ==================== ====================
Page 129 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Capital LAI Edison Capital (Bermuda) (Bermuda) Ltd. [6] Latin American Investments, Ltd. Investments 55 (Bermuda), Ltd. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $6,083 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 6,083 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 4 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1,045 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,049 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $7,132 - - ============================================================= ==================== ==================== ====================
Page 130 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Capital Edison Capital International Latin American (Netherlands) (Bermuda) Ltd. Investments Holdings Company 105 Holding Company 76 B.V. 110 - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $7,872 $21,838 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 7,872 21,838 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 141 (59) $16 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 221 7,417 21 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 362 7,358 37 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 98 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 98 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $8,234 $29,294 $37 ============================================================= ==================== ==================== ====================
Page 131 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Mission Funding Mission Funding Mu (Netherlands) Alpha [6] Investments B.V. [6] 109 - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - $586,342 $20,024 Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 586,342 20,024 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $16 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2 265,251 10,775 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 18 265,251 10,775 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $18 $851,593 $30,799 ============================================================= ==================== ==================== ====================
Page 132 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Funding Mission Funding Nu Mission Delta [6] Investments, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - $47,727 - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 47,727 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $5 Receivables, including unbilled revenue, net of allowance for uncollectible accounts $25,035 21,729 1 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 25,035 21,729 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $25,035 $69,456 $6 ============================================================= ==================== ==================== ====================
Page 133 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission (Bermuda) Mission Funding Consolidating Investments, Ltd. Epsilon Adjustments 28 - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated Provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - $248,891 - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 248,891 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible Accounts $12 572,627 ($570,219) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 13 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 12 572,640 (570,219) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 3 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 3 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $12 $821,534 ($570,219) ============================================================= ==================== ==================== ====================
Page 134 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Funding Epsilon Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $35,793 - - Investments in leveraged leases 902,984 - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 938,777 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 123 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 333,917 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 13 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 334,053 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 101 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 101 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,272,931 - - ============================================================= ==================== ==================== ====================
Page 135 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
East Coast ECHI Wyvernwood, Edison Capital Capital, Inc. Inc. Affordable Housing Consolidated 97 V - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $46 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 46 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 55 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1,521 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 17 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,593 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,639 - - ============================================================= ==================== ==================== ====================
Page 136 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Capital Edison Capital Affordable Housing Affordable Housing Affordable Housing 97 VI 97 VII 97 VIII - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
Page 137 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Delaware Housing Florida Housing Management Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject To cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not Subject to cost-based rate regulation - - - Accumulated provision for depreciation And decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated Provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships And unconsolidated subsidiaries $66 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 66 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2 $2 $1,197 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2 2 1,197 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - 2,222 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 2,222 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $68 $2 $3,419 ============================================================= ==================== ==================== ====================
Page 138 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
John Stewart Edison Capital Edison Capital Company [6] Housing New Jersey Housing New York - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,282 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 173 $7,980 $4,570 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 1,455 7,980 4,570 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1,227 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 622 2,266 3,502 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 121 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,970 2,266 3,502 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 245 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 245 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3,670 $10,246 $8,072 ============================================================= ==================== ==================== ====================
Page 139 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Housing Edison Housing Housing Georgia North Carolina Pennsylvania - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $8,186 $949 $423 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 8,186 949 423 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 3,823 381 2,573 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3,823 381 2,573 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $12,009 $1,330 $2,996 ============================================================= ==================== ==================== ====================
Page 140 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Housing Edison Housing EHI Development Oregon, Inc. South Carolina Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $439 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 439 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts $2 2,039 $1,214 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2 2,039 1,214 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2 $2,478 $1,214 ============================================================= ==================== ==================== ====================
Page 141 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
EHI Development MHIFED 94 Company MHIFED 95 Company Fund - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts $3,855 $26,636 $18,620 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3,855 26,636 18,620 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 5,375 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 5,375 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $9,230 $26,636 $18,620 ============================================================= ==================== ==================== ====================
Page 142 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
MHIFED 96 Company MHIFED 96A Company MHIFED 97 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts $7,296 $15,162 $1 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 7,296 15,162 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $7,296 $15,162 $1 ============================================================= ==================== ==================== ====================
Page 143 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
MHICAL 94 Company MHICAL 95 Company MHICAL 96 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $15,430 $22,823 $20,160 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 15,430 22,823 20,160 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 29,769 37,039 30,050 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 29,769 37,039 30,050 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 484 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 484 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $45,683 $59,862 $50,210 ============================================================= ==================== ==================== ====================
Page 144 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
MHICAL 97 Company Mission Housing Mission Housing Alpha Beta - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not Subject to cost-based rate regulation - - - Accumulated provision for depreciation And decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated Provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $10,801 $1,668 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 10,801 - 1,668 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 6,107 $4,304 5,296 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 6,107 4,304 5,296 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 67 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 67 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $16,908 $4,371 $6,964 ============================================================= ==================== ==================== ====================
Page 145 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Housing Mission Housing Mission Housing Delta Denver Epsilon - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $2,162 $5,772 $5,686 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 2,162 5,772 5,686 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 13,662 6,068 806 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 13,662 6,068 806 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $15,824 $11,840 $6,492 ============================================================= ==================== ==================== ====================
Page 146 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Housing Mission Housing Mission Housing Gamma Holdings Theta - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $1,343 $12,477 $583 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 1,343 12,477 583 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 3,934 10,494 1,521 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3,934 10,494 1,521 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - 54 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 54 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5,277 $22,971 $2,158 ============================================================= ==================== ==================== ====================
Page 147 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Funding Mission Housing Mission SA Company Theta [6] Zeta - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $17 $11,136 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 17 11,136 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 10 6,585 $3 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 10 6,585 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $27 $17,721 $3 ============================================================= ==================== ==================== ====================
Page 148 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
WGA Investors Edison Capital Consolidating Company Housing Investments Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $254,903 - Investments in leveraged leases - 319 - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 255,222 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 5 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 744,408 ($314,129) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 744,413 (314,129) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 10,589 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 10,589 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $1,010,224 ($314,129) ============================================================= ==================== ==================== ====================
Page 149 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Housing Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,328 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 387,747 - - Investments in leveraged leases 319 - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 389,394 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1,287 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 676,641 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 138 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 678,066 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 19,036 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 19,036 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,086,496 - - ============================================================= ==================== ==================== ====================
Page 150 Edison Capital and Subsidiaries [Tier 5] East Coast Capital Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
East Coast EC Asset Services, EC Properties, Inc. Capital, Inc. Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $46 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 46 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 5 $27 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 793 589 $312 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 17 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 815 616 312 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $861 $616 $312 ============================================================= ==================== ==================== ====================
Page 151 Edison Capital and Subsidiaries [Tier 5] East Coast Capital Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
EC Properties III, EC-SLP, Inc. Consolidating Inc. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2 $21 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5 (7) ($171) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 7 14 (171) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $7 $14 ($171) ============================================================= ==================== ==================== ====================
Page 152 Edison Capital and Subsidiaries [Tier 5] East Coast Capital Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
East Coast Capital, Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $46 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 46 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 55 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1,521 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 17 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,593 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,639 - - ============================================================= ==================== ==================== ====================
Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Burlington Edison Capital Edison Capital Apartments, Inc. Europe Limited Ventures - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $1,682 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - $18 - Unrealized gain in equity investments - net - - - Retained Earnings (3,003) 29 ($2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (1,321) 47 (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 29,441 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 28,120 47 (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 198 478 3 Accrued taxes - - - Accrued interest 138 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 330 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 666 478 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,018 10 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 36 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 2,054 10 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (301) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $30,539 $535 $1 ============================================================= ==================== ==================== ====================
Page 154 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Funding Edison Mortgage Mission Bartlett Company Company Hill Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $127,166 - - Accumulated other comprehensive income: Cumulative translation adjustments - net 2 - - Unrealized gain in equity investments - net - - - Retained Earnings 347,312 $332 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 474,480 332 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 318,645 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 793,125 332 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 282,120 - - Short-term debt - - - Accounts payable 19,846 4,538 - Accrued taxes - - - Accrued interest 4,621 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 122,137 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 428,724 4,538 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,020,207 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 46,284 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 1,066,491 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 130 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $2,288,470 $4,870 - ============================================================= ==================== ==================== ====================
page 155 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Renewable Energy Edison Capital International Capital Company Capital, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $3 $80,597 Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings ($8) 130 (123,833) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (8) 133 (43,236) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (8) 133 (43,236) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 12,888 - Short-term debt - - - Accounts payable 11 - 49,529 Accrued taxes - - - Accrued interest - 485 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - 9,007 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 11 13,373 58,536 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (9,042) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 24,985 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - 15,943 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $3 $13,506 $31,243 ============================================================= ==================== ==================== ====================
page 156 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Edison Capital Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital ($128,851) $80,597 - Accumulated other comprehensive income: Cumulative translation adjustments - net - 20 - Unrealized gain in equity investments - net - - - Retained Earnings 105,888 326,845 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (22,963) 407,462 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 348,086 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (22,963) 755,548 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 295,007 - Short-term debt - - - Accounts payable (70,231) 4,373 - Accrued taxes - - - Accrued interest - 5,244 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 131,475 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (70,231) 436,099 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 1,013,191 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 71,307 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 1,084,498 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (171) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($93,195) $2,275,974 - ============================================================= ==================== ==================== ====================
page 157 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Funding Edison Integrated Housing Omicron GP Energy Services Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $633,307 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 224,548 ($3) ($9) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 857,855 (3) (9) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 1,015 2,676 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 858,870 2,673 (9) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 42,175 24 - Short-term debt - - - Accounts payable 1,694 (28) 35 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 121,994 76 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 165,863 72 35 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 32,821 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 28,810 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 61,631 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 132 244 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,086,496 $2,989 $26 ============================================================= ==================== ==================== ====================
page 158 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission First Mission Funding Mission Funding Asset Investment Beta Epsilon Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $19,764 $340,755 $694,230 Accumulated other comprehensive income: Cumulative translation adjustments - net - - 2 Unrealized gain in equity investments - net - - - Retained Earnings 7 (81,768) (144,448) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 19,771 258,987 549,784 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 19,771 258,987 549,784 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable - 749 126,298 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - 67 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 749 126,365 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 227,272 596,782 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 464 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 227,736 596,782 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $19,771 $487,472 $1,272,931 ============================================================= ==================== ==================== ====================
page 159 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Funding Mission Funding Mission Funding Gamma Kappa Zeta - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $173,286 $17 $26,452 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (46,034) (27) 10,118 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 127,252 (10) 36,570 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 127,252 (10) 36,570 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 1,264 25 1,081 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,264 25 1,081 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 139,657 - 30,182 Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 139,657 - 30,182 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $268,173 $15 $67,833 ============================================================= ==================== ==================== ====================
page 160 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Funding Consolidating Edison Funding Company Adjustments Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $127,166 ($1,887,811) $127,166 Accumulated other comprehensive income: Cumulative translation adjustments - net - - 2 Unrealized gain in equity investments - net - - - Retained Earnings 373,021 11,907 347,312 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 500,187 (1,875,904) 474,480 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 314,954 - 318,645 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 815,141 (1,875,904) 793,125 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 239,921 - 282,120 Short-term debt - - - Accounts payable 986,403 (1,097,675) 19,846 Accrued taxes - - - Accrued interest 4,621 - 4,621 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - 122,137 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,230,945 (1,097,675) 428,724 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (6,507) - 1,020,207 Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits 17,010 - 46,284 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 10,503 - 1,066,491 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (246) 130 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $2,056,589 ($2,973,825) $2,288,470 ============================================================= ==================== ==================== ====================
page 161 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Capital LAI Edison Capital (Bermuda) (Bermuda) Ltd. [6] Latin American Investments, Ltd. Investments (Bermuda), Ltd. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $5,784 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 1,348 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 7,132 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 7,132 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $7,132 - - ============================================================= ==================== ==================== ====================
page 162 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Capital Edison Capital International Latin American (Netherlands) (Bermuda) Ltd. Investments Holdings Company Holding Company B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $7,135 $30,426 $20 Accumulated other comprehensive income: Cumulative translation adjustments - net - - 1 Unrealized gain in equity investments - net - - - Retained Earnings 336 (1,240) (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 7,471 29,186 17 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 7,471 29,186 17 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 763 108 20 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 763 108 20 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $8,234 $29,294 $37 ============================================================= ==================== ==================== ====================
page 163 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Mission Funding Mission Funding Mu (Netherlands) Alpha [6] Investments B.V. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $20 $385,510 $14,750 Accumulated other comprehensive income: Cumulative translation adjustments - net 1 - - Unrealized gain in equity investments - net - - - Retained Earnings (3) (182,639) 6,386 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 18 202,871 21,136 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 18 202,871 21,136 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable - 296,248 14 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 296,248 14 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 352,474 9,649 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 352,474 9,649 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $18 $851,593 $30,799 ============================================================= ==================== ==================== ====================
page 164 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Funding Mission Funding Nu Mission Delta [6] Investments, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $13,880 $33,188 ($18) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 5,987 11,642 15 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 19,867 44,830 (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 19,867 44,830 (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 5,172 14 9 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 5,172 14 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (4) 24,612 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (4) 24,612 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $25,035 $69,456 $6 ============================================================= ==================== ==================== ====================
page 165 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission (Bermuda) Mission Funding Consolidating Investments, Ltd. Epsilon Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $12 $472,907 ($269,384) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings - 13,724 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 12 486,631 (269,384) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 12 486,631 (269,384) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable - 124,785 (300,835) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 67 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 124,852 (300,835) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 210,051 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 210,051 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $12 $821,534 ($570,219) ============================================================= ==================== ==================== ====================
page 166 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Funding Epsilon Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $694,230 - - Accumulated other comprehensive income: Cumulative translation adjustments - net 2 - - Unrealized gain in equity investments - net - - - Retained Earnings (144,448) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 549,784 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 549,784 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 126,298 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 67 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 126,365 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 596,782 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 596,782 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,272,931 - - ============================================================= ==================== ==================== ====================
page 167 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
East Coast ECHI Wyvernwood, Edison Capital Capital, Inc. Inc. Affordable Housing Consolidated 97 V - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $333 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 811 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 1,144 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 1,144 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 499 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities (4) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 495 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,639 - - ============================================================= ==================== ==================== ====================
page 168 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Capital Edison Capital Affordable Housing Affordable Housing Affordable Housing 97 VI 97 VII 97 VIII - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - - - ============================================================= ==================== ==================== ====================
page 169 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Delaware Housing Florida Housing Management Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $6 ($6) $3,772 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (3) - (260) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 3 (6) 3,512 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 3 (6) 3,512 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 3 8 73 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 62 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 65 8 73 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (166) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - (166) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $68 $2 $3,419 ============================================================= ==================== ==================== ====================
page 170 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
John Stewart Edison Capital Edison Capital Company [6] Housing New Jersey Housing New York - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $1,201 $8,543 $5,000 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 527 1,455 (14) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 1,728 9,998 4,986 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 1,015 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 2,743 9,998 4,986 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 28 - - Short-term debt - - - Accounts payable 458 9 16 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 154 389 3,070 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 640 398 3,086 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 155 (150) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 155 (150) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 132 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $3,670 $10,246 $8,072 ============================================================= ==================== ==================== ====================
page 171 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Housing Edison Housing Housing Georgia North Carolina Pennsylvania - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $9,325 $654 $2,145 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 509 292 649 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 9,834 946 2,794 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 9,834 946 2,794 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 127 9 9 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 321 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 127 330 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,048 54 193 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 2,048 54 193 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $12,009 $1,330 $2,996 ============================================================= ==================== ==================== ====================
page 172 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Housing Edison Housing EHI Development Oregon, Inc. South Carolina Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital ($6) $2,066 $1,002 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings - 217 78 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (6) 2,283 1,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (6) 2,283 1,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 8 8 134 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 8 8 134 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 187 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 187 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $2 $2,478 $1,214 ============================================================= ==================== ==================== ====================
page 173 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
EHI Development MHIFED 94 Company MHIFED 95 Company Fund - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $5,000 $20,040 $8,662 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 665 6,095 5,416 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 5,665 26,135 14,078 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 5,665 26,135 14,078 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 3,565 9 2,051 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 43 94 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 3,565 52 2,145 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 309 2,151 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 140 246 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 449 2,397 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $9,230 $26,636 $18,620 ============================================================= ==================== ==================== ====================
page 174 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
MHIFED 96 Company MHIFED 96A Company MHIFED 97 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $1,127 $13,656 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (46) 1,115 ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 1,081 14,771 (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 1,081 14,771 (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 6,126 5 6 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 56 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 6,126 61 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 89 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 330 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 89 330 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $7,296 $15,162 $1 ============================================================= ==================== ==================== ====================
page 175 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
MHICAL 94 Company MHICAL 95 Company MHICAL 96 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $30,581 $44,132 $37,865 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 13,220 12,962 8,272 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 43,801 57,094 46,137 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 43,801 57,094 46,137 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 285 10 10 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - 758 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 285 10 768 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,597 2,641 2,998 Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - 117 307 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 1,597 2,758 3,305 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $45,683 $59,862 $50,210 ============================================================= ==================== ==================== ====================
page 176 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
MHICAL 97 Company Mission Housing Mission Housing Alpha Beta - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $14,727 $3,264 $4,459 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 1,200 (108) 2,804 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 15,927 3,156 7,263 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 15,927 3,156 7,263 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 8 34 25 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 526 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 534 34 25 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 358 1,181 (324) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 89 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 447 1,181 (324) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $16,908 $4,371 $6,964 ============================================================= ==================== ==================== ====================
page 177 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Housing Mission Housing Mission Housing Delta Denver Epsilon - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $10,110 $7,925 $1,694 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 5,709 3,065 77 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 15,819 10,990 1,771 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 15,819 10,990 1,771 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 25 11 25 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - 4,747 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 25 11 4,772 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (20) 839 (51) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (20) 839 (51) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $15,824 $11,840 $6,492 ============================================================= ==================== ==================== ====================
page 178 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Housing Mission Housing Mission Housing Gamma Holdings Theta - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $3,340 $17,570 $1,199 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 2,153 5,661 769 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 5,493 23,231 1,968 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 5,493 23,231 1,968 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 25 12 45 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 365 133 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 25 377 178 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (241) (637) 12 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (241) (637) 12 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $5,277 $22,971 $2,158 ============================================================= ==================== ==================== ====================
page 179 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Funding Mission Housing Mission SA Company Theta [6] Zeta - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $18 $10,341 $54 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (17) 1,549 (102) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 1 11,890 (48) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 1 11,890 (48) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 25 26 11 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 1 5,730 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 26 5,756 11 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 75 40 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 75 40 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $27 $17,721 $3 ============================================================= ==================== ==================== ====================
page 180 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
WGA Investors Edison Capital Consolidating Company Housing Investments Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - $634,777 ($271,281) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings - 148,356 1,489 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - 783,133 (269,792) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - 783,133 (269,792) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 42,147 - Short-term debt - - - Accounts payable - 32,333 (44,339) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 105,549 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 180,029 (44,339) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 19,483 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 27,579 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 47,062 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $1,010,224 ($314,131) ============================================================= ==================== ==================== ====================
page 181 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Housing Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $633,307 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 224,548 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 857,855 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 1,015 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 858,870 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 42,175 - - Short-term debt - - - Accounts payable 1,694 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 121,994 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 165,863 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 32,821 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 28,810 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 61,631 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 132 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,086,496 - - ============================================================= ==================== ==================== ====================
page 182 Edison Capital and Subsidiaries [Tier 5] East Coast Capital Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
East Coast EC Asset Services, EC Properties, Inc. Capital, Inc. Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $242 $58 $31 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 234 312 273 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 476 370 304 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 476 370 304 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 376 276 8 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 9 (30) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 385 246 8 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $861 $616 $312 ============================================================= ==================== ==================== ====================
page 183 Edison Capital and Subsidiaries [Tier 5] East Coast Capital Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
EC Properties III, EC-SLP, Inc. Consolidating Inc. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $2 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 2 ($10) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 4 (10) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 4 (10) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 3 7 ($171) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 17 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 3 24 (171) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $7 $14 ($171) ============================================================= ==================== ==================== ====================
page 184 Edison Capital and Subsidiaries [Tier 5] East Coast Capital Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
East Coast Capital, Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $333 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 811 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 1,144 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 1,144 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 499 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities (4) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 495 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,639 - - ============================================================= ==================== ==================== ====================
page 185 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Burlington Edison Capital Edison Capital Apartments, Inc. Europe Limited Ventures - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $4,770 $952 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 4,770 952 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 2,581 883 $3 Maintenance - - - Depreciation and decommissioning 907 49 - Income taxes (24) 15 (1) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3,464 947 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 1,306 5 (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 23 - Minority interest 19 - - Taxes on nonoperating income - (9) - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 19 14 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 1,325 19 (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 1,816 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 1,816 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (491) 19 (2) Retained earnings - beginning of year (2,512) 10 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($3,003) $29 ($2) ============================================================= ==================== ==================== ====================
186 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Funding Edison Mortgage Mission Bartlett Company Company Hill Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $229,379 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 229,379 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 12,761 $3 - Maintenance - - - Depreciation and decommissioning 17,512 - - Income taxes 7,793 (1) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 38,066 2 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 191,313 (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 3,329 401 - Minority interest 1 - - Taxes on nonoperating income 10,836 (164) - Other nonoperating income - net (29,859) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (15,693) 237 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 175,620 235 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 41,764 - - Other interest expense 4,332 - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 46,096 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 129,524 235 - Retained earnings - beginning of year 217,788 97 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $347,312 $332 - ============================================================= ==================== ==================== ====================
187 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Renewable Energy Edison Capital International Capital Company Capital, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 - $34,772 Maintenance - - - Depreciation and decommissioning - $18 1,065 Income taxes (1) (563) (11,825) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2 (545) 24,012 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2) 545 (24,012) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income - 1,368 - Minority interest - - - Taxes on nonoperating income - (557) - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 811 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (2) 1,356 (24,012) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 1,368 - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 1,368 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (2) (12) (24,012) Retained earnings - beginning of year (6) 142 (99,627) Dividends declared on common stock - - (194) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8) $130 ($123,833) ============================================================= ==================== ==================== ====================
188 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Edison Capital Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $235,101 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 235,101 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 51,005 - Maintenance - - - Depreciation and decommissioning - 19,551 - Income taxes $534 (4,073) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 534 66,483 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (534) 168,618 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income (1,368) 3,753 - Minority interest - 20 - Taxes on nonoperating income 533 10,638 - Other nonoperating income - net - (29,859) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (835) (15,448) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1,369) 153,170 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (2,700) 42,248 - Other interest expense 1,331 5,663 - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (1,369) 47,911 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - 105,259 - Retained earnings - beginning of year 105,888 221,780 - Dividends declared on common stock - (194) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $105,888 $326,845 - ============================================================= ==================== ==================== ====================
189 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Funding Edison Integrated Housing Omicron GP Energy Services Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $11,948 $416 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 11,948 416 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 5,640 265 $3 Maintenance - - - Depreciation and decommissioning 15,951 94 - Income taxes (71,770) 3 (1) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (50,179) 362 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 62,127 54 (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 829 - - Minority interest - 70 - Taxes on nonoperating income 11,854 1 - Other nonoperating income - net (29,925) (3) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (17,242) 68 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 44,885 122 (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 3,896 120 - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 3,896 120 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 40,989 2 (2) Retained earnings - beginning of year 183,559 (5) (7) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $224,548 ($3) ($9) ============================================================= ==================== ==================== ====================
190 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission First Mission Funding Mission Funding Asset Investment Beta Epsilon Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $74,341 $99,002 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 74,341 99,002 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 3 1,264 Maintenance - - - Depreciation and decommissioning - - 36 Income taxes (1) 34,371 45,745 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2 34,374 47,045 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2) 39,967 51,957 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - 340 Minority interest - - - Taxes on nonoperating income - - (139) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - 201 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (2) 39,967 52,158 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (2) 39,967 52,158 Retained earnings - beginning of year 9 (121,735) (196,606) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $7 ($81,768) ($144,448) ============================================================= ==================== ==================== ====================
191 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Funding Mission Funding Mission Funding Gamma Kappa Zeta - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $40,537 - $2,857 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 40,537 - 2,857 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 3 $2 2 Maintenance - - - Depreciation and decommissioning - - 894 Income taxes 18,655 (1) 534 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 18,658 1 1,430 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 21,879 (1) 1,427 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 21,879 (1) 1,427 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 21,879 (1) 1,427 Retained earnings - beginning of year (67,913) (26) 8,691 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($46,034) ($27) $10,118 ============================================================= ==================== ==================== ====================
192 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Funding Consolidating Edison Funding Company Adjustments Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $278 - $229,379 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 278 - 229,379 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 5,576 - 12,761 Maintenance - - - Depreciation and decommissioning 537 - 17,512 Income taxes (19,743) - 7,793 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (13,630) - 38,066 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 13,908 - 191,313 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 2,160 - 3,329 Minority interest - ($69) 1 Taxes on nonoperating income (880) - 10,836 Other nonoperating income - net - 69 (29,859) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 1,280 - (15,693) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 15,188 - 175,620 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 37,748 - 41,764 Other interest expense 4,332 - 4,332 Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 42,080 - 46,096 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (26,892) - 129,524 Retained earnings - beginning of year 399,914 11,907 217,788 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $373,022 $11,907 $347,312 ============================================================= ==================== ==================== ====================
193 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Capital LAI Edison Capital (Bermuda) (Bermuda) Ltd. [6] Latin American Investments, Ltd. Investments (Bermuda), Ltd. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $41 - - Maintenance - - - Depreciation and decommissioning - - - Income taxes (139) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (98) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 98 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 340 - - Minority interest - - - Taxes on nonoperating income (139) - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 201 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 299 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 299 - - Retained earnings - beginning of year 1,049 - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,348 - - ============================================================= ==================== ==================== ====================
194 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Capital Edison Capital International Latin American (Netherlands) (Bermuda) Ltd. Investments Holdings Company Holding Company B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $528 $165 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 528 165 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 13 1,147 $5 Maintenance - - - Depreciation and decommissioning - 36 - Income taxes 179 191 (1) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 192 1,374 4 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 336 (1,209) (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 336 (1,209) (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 336 (1,209) (4) Retained earnings - beginning of year - (31) - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $336 ($1,240) ($4) ============================================================= ==================== ==================== ====================
195 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Mission Funding Mission Funding Mu (Netherlands) Alpha [6] Investments B.V. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $75,236 $1,859 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 75,236 1,859 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $5 2 3 Maintenance - - - Depreciation and decommissioning - - - Income taxes (2) 36,885 737 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 36,887 740 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (3) 38,349 1,119 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (3) 38,349 1,119 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (3) 38,349 1,119 Retained earnings - beginning of year - (220,988) 5,267 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($3) ($182,639) $6,386 ============================================================= ==================== ==================== ====================
196 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Funding Mission Funding Nu Mission Delta [6] Investments, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $4,138 $24 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 4,138 24 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 3 3 Maintenance - - - Depreciation and decommissioning - - - Income taxes (1) 1,630 6 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2 1,633 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2) 2,505 15 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (2) 2,505 15 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (2) 2,505 15 Retained earnings - beginning of year 5,989 9,137 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $5,987 $11,642 $15 ============================================================= ==================== ==================== ====================
197 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission (Bermuda) Mission Funding Consolidating Investments, Ltd. Epsilon Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $12 $17,040 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 12 17,040 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 12 27 - Maintenance - - - Depreciation and decommissioning - - - Income taxes - 6,260 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses $12 6,287 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 10,753 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - 10,753 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - 10,753 - Retained earnings - beginning of year - 2,971 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $13,724 - ============================================================= ==================== ==================== ====================
198 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Funding Epsilon Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $99,002 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 99,002 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 1,264 - - Maintenance - - - Depreciation and decommissioning 36 - - Income taxes 45,745 - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 47,045 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 51,957 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 340 - - Minority interest - - - Taxes on nonoperating income (139) - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 201 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 52,158 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 52,158 - - Retained earnings - beginning of year (196,606) - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($144,448) - - ============================================================= ==================== ==================== ====================
199 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
East Coast ECHI Wyvernwood, Edison Capital Capital, Inc. Inc. Affordable Housing Consolidated 97 V - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $651 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 651 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 46 - - Maintenance - - - Depreciation and decommissioning 28 - - Income taxes 173 - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 247 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 404 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 2 - - Minority interest - - - Taxes on nonoperating income (1) - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 405 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 405 - - Retained earnings - beginning of year 406 - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $811 - - ============================================================= ==================== ==================== ====================
200 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Capital Edison Capital Affordable Housing Affordable Housing Affordable Housing 97 VI 97 VII 97 VIII - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes - - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - ============================================================= ==================== ==================== ====================
201 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Delaware Housing Florida Housing Management Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment Clauses - net - - - Other operating expenses $3 $3 $2 Maintenance - - - Depreciation and decommissioning - - 263 Income taxes (1) (1) (99) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2 2 166 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2) (2) (166) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income 1 - - Other nonoperating income - net (2) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (3) (2) (166) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (3) (2) (166) Retained earnings - beginning of year - (4) (94) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($3) ($6) ($260) ============================================================= ==================== ==================== ====================
202 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
John Stewart Edison Capital Edison Capital Company [6] Housing New Jersey Housing New York - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $4,761 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 4,761 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 4,419 $2 $3 Maintenance - - - Depreciation and decommissioning 43 460 - Income taxes 8 (2,214) 4 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 4,470 (1,752) 7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 291 1,752 (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 55 - - Minority interest - - - Taxes on nonoperating income (23) 200 - Other nonoperating income - net - (492) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 32 (292) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 323 1,460 (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 5 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 5 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 318 1,460 (7) Retained earnings - beginning of year 209 (5) (7) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $527 $1,455 ($14) ============================================================= ==================== ==================== ====================
203 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Housing Edison Housing Edison Housing Pennsylvania Georgia North Carolina - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - $23 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 23 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $2 $3 3 Maintenance - - - Depreciation and decommissioning 399 2 13 Income taxes 336 (173) 344 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 737 (168) 360 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (737) 168 (337) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income 166 (25) 14 Other nonoperating income - net (408) 61 (35) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (242) 36 (21) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (979) 204 (358) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (979) 204 (358) Retained earnings - beginning of year 1,488 88 1,007 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $509 $292 $649 ============================================================= ==================== ==================== ====================
204 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Housing Edison Housing EHI Development Oregon, Inc. South Carolina Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $24 $13 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 24 13 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 2 2 Maintenance - - - Depreciation and decommissioning - 14 - Income taxes (1) 20 (1) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2 36 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2) (12) 12 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income - 15 - Other nonoperating income - net - (37) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - (22) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (2) (34) 12 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (2) (34) 12 Retained earnings - beginning of year (4) 251 66 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($6) $217 $78 ============================================================= ==================== ==================== ====================
205 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
EHI Development MHIFED 94 Company MHIFED 95 Company Fund - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $189 $144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 189 144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 105 108 Maintenance - - - Depreciation and decommissioning - - - Income taxes (1) 145 1,758 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2 250 1,866 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2) (61) (1,722) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 713 - - Minority interest - - - Taxes on nonoperating income (290) - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 423 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 421 (61) (1,722) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 421 (61) (1,722) Retained earnings - beginning of year 244 6,156 7,138 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $665 $6,095 $5,416 ============================================================= ==================== ==================== ====================
206 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
MHIFED 96 Company MHIFED 96A Company MHIFED 97 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $448 $628 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 448 628 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - $3 Maintenance - - - Depreciation and decommissioning - - - Income taxes 163 232 (1) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 163 232 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 285 396 (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 285 396 (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 285 396 (2) Retained earnings - beginning of year (331) 719 (3) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($46) $1,115 ($5) ============================================================= ==================== ==================== ====================
207 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
MHICAL 94 Company MHICAL 95 Company MHICAL 96 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $352 $774 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 352 774 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 3 3 Maintenance - - - Depreciation and decommissioning 1,004 1,957 1,656 Income taxes (3,880) (5,095) (5,491) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (2,873) (3,135) (3,832) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2,873 3,487 4,606 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 32 - - Minority interest - - - Taxes on nonoperating income 573 890 557 Other nonoperating income - net (1,438) (2,185) (1,366) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (833) (1,295) (809) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 2,040 2,192 3,797 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 2,040 2,192 3,797 Retained earnings - beginning of year 11,180 10,770 4,475 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $13,220 $12,962 $8,272 ============================================================= ==================== ==================== ====================
208 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
MHICAL 97 Company Mission Housing Mission Housing Alpha Beta - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $225 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 225 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 2 $3 $3 Maintenance - - - Depreciation and decommissioning 412 23 160 Income taxes (1,358) 123 (846) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (944) 149 (683) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 1,169 (149) 683 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income 387 - 102 Other nonoperating income - net (951) - (251) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (564) - (149) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 605 (149) 534 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 605 (149) 534 Retained earnings - beginning of year 595 41 2,270 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,200 ($108) $2,804 ============================================================= ==================== ==================== ====================
209 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Housing Mission Housing Mission Housing Delta Denver Epsilon - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $2 $2 $3 Maintenance - - - Depreciation and decommissioning 240 198 11 Income taxes (1,959) (936) (116) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (1,717) (736) (102) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 1,717 736 102 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income 555 314 53 Other nonoperating income - net (1,361) (772) (130) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (806) (458) (77) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 911 278 25 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 911 278 25 Retained earnings - beginning of year 4,798 2,787 52 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $5,709 $3,065 $77 ============================================================= ==================== ==================== ====================
210 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Housing Mission Housing Mission Housing Gamma Holdings Theta - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 $3 $3 Maintenance - - - Depreciation and decommissioning 113 805 64 Income taxes (604) (3,535) (212) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (488) (2,727) (145) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 488 2,727 145 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income 87 232 40 Other nonoperating income - net (213) (570) (98) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (126) (338) (58) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 362 2,389 87 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 362 2,389 87 Retained earnings - beginning of year 1,791 3,272 682 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $2,153 $5,661 $769 ============================================================= ==================== ==================== ====================
211 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Funding Mission Housing Mission SA Company Theta [6] Zeta - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 $2 $3 Maintenance - - - Depreciation and decommissioning - - - Income taxes (1) (1,980) 35 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2 (1,978) 38 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2) 1,978 (38) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income - 336 - Other nonoperating income - net (1) (826) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (1) (490) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (3) 1,488 (38) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (3) 1,488 (38) Retained earnings - beginning of year (14) 61 (64) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($17) $1,549 ($102) ============================================================= ==================== ==================== ====================
212 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
WGA Investors Edison Capital Consolidating Company Housing Investments Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $3,716 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 3,716 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 887 - Maintenance - - - Depreciation and decommissioning - 8,086 - Income taxes - (46,606) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - (37,633) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 41,349 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 27 - Minority interest - - - Taxes on nonoperating income - 7,671 - Other nonoperating income - net - (18,850) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - (11,152) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - 30,197 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 3,891 - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 3,891 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - 26,306 - Retained earnings - beginning of year - 122,050 $1,489 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $148,356 $1,489 ============================================================= ==================== ==================== ====================
213 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Capital Housing Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $11,948 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 11,948 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 5,640 - - Maintenance - - - Depreciation and decommissioning 15,951 - - Income taxes (71,770) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (50,179) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 62,127 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 829 - - Minority interest - - - Taxes on nonoperating income 11,854 - - Other nonoperating income - net (29,925) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (17,242) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 44,885 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 3,896 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 3,896 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 40,989 - - Retained earnings - beginning of year 183,559 - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $224,548 - - ============================================================= ==================== ==================== ====================
214 Edison Capital and Subsidiaries [Tier 5] East Coast Capital Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
East Coast EC Asset Services, EC Properties, Inc. Capital, Inc. Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $261 $390 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 261 390 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 25 21 - Maintenance - - - Depreciation and decommissioning 28 184 - Income taxes 159 - - Property and other taxes - - ($177) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 212 205 (177) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 49 185 177 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 49 185 177 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 49 185 177 Retained earnings - beginning of year 185 127 96 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $234 $312 $273 ============================================================= ==================== ==================== ====================
215 Edison Capital and Subsidiaries [Tier 5] East Coast Capital Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
EC Properties III, EC-SLP, Inc. Consolidating Inc. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes ($3) $10 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (3) 10 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 3 (10) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 2 - Minority interest - - - Taxes on nonoperating income - (1) - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 3 (9) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 3 (9) - Retained earnings - beginning of year (1) (1) - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $2 ($10) - ============================================================= ==================== ==================== ====================
216 Edison Capital and Subsidiaries [Tier 5] East Coast Capital Consolidated Consolidating Balance Sheet December 31, 1998 (In thousands)
East Coast Capital, Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $651 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 651 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 46 - - Maintenance - - - Depreciation and decommissioning 28 - - Income taxes 173 - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 247 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 404 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 2 - - Minority interest - - - Taxes on nonoperating income (1) - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 405 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 405 - - Retained earnings - beginning of year 406 - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $811 - - ============================================================= ==================== ==================== ====================
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: 1st Time Homebuyer 1010 SVN Assoc LP 1028 Howard St Assoc LP Opportunities LP (Chester County Homes) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,358 $7,641 $226 Revenues $153 $204 $11 Net Income (Loss) ($5) ($219) ($8) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 5.00% by Mission Housing Housing Investments Housing Investments Investors Partnership
218 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: 1101 Howard St Assoc LP 1475 167th Ave Assoc LP 16th & Church St Assoc LP (Bermuda Gardens) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $57 - $2,329 Revenues $2 - $126 Net Income (Loss) ($2) - ($132) Ownership Interest(s): 1.00% by MHIFED 95 LP 99.90% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments
219 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: 1732 Champa LP (Buerger 18303 Kittridge Assoc-39 1856 Wells Court Partners Brothers Lofts) LP (Kittridge) LP (Wells Court) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,664 $1,819 $2,995 Revenues $440 $222 $312 Net Income (Loss) $94 ($72) ($4) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments Housing Investments
220 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: 210 Washington Ave Assoc 2400 Locust Assoc LP 2601 North Broad St Assoc (Renaissance Plaza) (Locust on the Park) LP (Station House) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7,106 $24,526 $60 Revenues $509 $563 $1 Net Income (Loss) ($498) $73 ($2) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Corporations Housing Investments Housing Investments for Affordable Housing LP II
221 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: 2814 Fifth St Assoc LP 381 Turk St LP 5363 Dent Ave Assoc LP (Land Park Woods) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,341 $3 $1,171 Revenues $350 $2 $170 Net Income (Loss) ($341) - ($66) Ownership Interest(s): 99.00% by MHICAL 96 LP 1.00% by John Stewart 99.00% by MH II LP Company 0.50% by John Stewart Company
222 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Abajo Del Sol LP Abby Assoc LP (Windmere Admiralty Heights Assoc II 1995 LP (Kent Manor) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $5,070 $692 Revenues - $310 $27 Net Income (Loss) - ($113) ($43) Ownership Interest(s): 99.9% by Edison Capital 99.00% by MHICAL 95 LP 99.00% by Edison Capital Housing Investments Housing Partners VI LP
223 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: AE Assoc LP (Avenida Affordable/Citrus Glenn Agape Housing LP Espana) Phase II, Ltd (Citrus Glenn Apts Phase II) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $8,191 $5,220 $653 Revenues $506 $212 $9 Net Income (Loss) ($263) $18 ($2) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Partners VI LP Housing Investments
224 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Alhambra Apts LP Alma Place Assoc LP Altamont Hotel Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $8,443 $6,120 Revenues - $414 $503 Net Income (Loss) - ($351) ($356) Ownership Interest(s): 99.90% by Edison Capital 99.00% by MHICAL 97 LP 99.00% by Edison Capital Housing Investments Housing Partners VI LP
225 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: AMCAL Santa Barbara Fund Anglo Edison LLC No. 1 Anglo Edison Pinecrest LLC XXXVI LP (Positano) (Las Brisas) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $8,905 $4,332 - Revenues $11 $347 - Net Income (Loss) ($80) ($127) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners V LP Housing Investments Housing Investments
226 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Anglo Edison Ravenwood LLC Antelope Assoc LP Apollo Development Assoc LP (Apollo Hotel) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,665 $10,957 - Revenues $425 $829 - Net Income (Loss) $61 ($268) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by MHICAL 95 LP 99.00% by Edison Capital Housing Investments Housing Investments
227 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Arbor Lane Assoc Phase II Argyle Redevelop-ment Arroyo Vista Assoc LP LP (Timberwood) Partnership LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $13 $5,981 $161 Revenues $1 $3,017 $14 Net Income (Loss) - ($330) ($6) Ownership Interest(s): 99.00% by Corporations 99.00% by Edison Capital 99.00% by Corporations for Affordable Housing LP Housing Investments for Affordable Housing LP
228 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Artloft Assoc LP Auburn Manor Apts LP Avalon Courtyard LP (Carson Senior Housing) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $50 - $252 Revenues $4 - $17 Net Income (Loss) ($2) - ($8) Ownership Interest(s): 35.60% by Corporations 99.00% by Edison Capital 1.00% by MHIFED 95 LP for Affordable Housing LP Housing Investments 53.43% by Corporations for Affordable Housing LP II
229 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: B.A.I. Anglo Edison B.A.I. Edison Ravenwood Baker Park Assoc LP Pinecrest, LLC (Ravenwood) (Pinecrest) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - $14,611 Revenues - - $721 Net Income (Loss) - - ($307) Ownership Interest(s): 99.00% by Edison Capital 90.00% by Edison Capital 99.00% by MHICAL 95 LP Housing Investments Housing Denver, Inc.
230 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Barnsdall Court LP Bartlett Hill Assoc Beacon Manor Assoc (Villa Mariposa) LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $5,724 $4,613 Revenues - $454 $216 Net Income (Loss) - ($453) ($340) Ownership Interest(s): 99.00% by Edison Capital 70.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments Housing Investments 30.00% by Mission Bartlett Hill Company
231 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Berry Ave Assoc LP Bodega Hills Borregas Court LP Investors LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $82 $3,475 - Revenues $4 $145 - Net Income (Loss) ($3) ($216) - Ownership Interest(s): 1.00% by MHIFED 94 LP 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners V LP Housing Investments
232 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Boulder Creek Bouquet Canyon Bracher Assoc LP Apartments LP Seniors LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - $7,066 Revenues - - $432 Net Income (Loss) - - ($203) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by MHICAL 95 LP Housing Investments Housing Investments
233 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Bradley Manor Brantwood II Assoc Brookline Housing Senior Apts LP LP Assoc LLC (Bridgewater) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,694 $3,616 $106 Revenues $100 $68 $4 Net Income (Loss) ($96) $(5) ($7) Ownership Interest(s): 99.00% by Edison Capital 98.99% by Edison Capital 99.00% by Corporations Housing Partners VI LP Housing Investments for Affordable Housing LP II 0.01% by Mission Funding Theta
234 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Brooks School Assoc Bryn Mawr - Belle Burlington LP Shore LP (The) Arboretum LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,319 $21,424 $1,290 Revenues $23 $176 $224 Net Income (Loss) ($33) ($493) ($31) Ownership Interest(s): 98.99% by Edison Capital 99.00% by Edison Capital 94.66% by Edison Capital Housing Investments Housing Investments Housing Investments 0.01% by Mission Funding 1.00% by Burlington Apts, Theta Inc.
235 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Burlington Senior Bush Hotel LP Caleb Affordable Housing LLC Housing Assoc LP (Ledges/Pinebrook) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,304 $14,750 $85 Revenues $13 $376 $12 Net Income (Loss) ($100) ($142) ($3) Ownership Interest(s): 98.9% by Edison Capital 99.00% by Edison Capital 99.00% by Corporations Housing Investments Housing Investments for Affordable Housing LP 0.01% by Mission Funding Theta
236 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: California Park Carlin LP (The) Carlton Way Apts LP Apts LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,227 $154 $40 Revenues $385 $6 $2 Net Income (Loss) ($142) ($15) ($1) Ownership Interest(s): 99.00% by MH I LP 99.00% by Corporations 1.00% by MHIFED 94 LP for Affordable Housing LP
237 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Carson Housing LP C-Court LP (Cawelti CCS/Bellingham LP (Carson Street) Court) (Washington Grocery Building) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $2,636 $4,579 Revenues - $98 $19 Net Income (Loss) - ($50) ($92) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Partners VII LP Housing Investments
238 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: CCS/Mount Vernon CCS/Renton Housing CDR Senior Housing Housing LP (La LP (Renton) Assoc LP (Casa del Venture) Rio) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $2,223 $67 Revenues - $66 $4 Net Income (Loss) - ($103) ($2) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 1.00% by MHIFED 94 LP Housing Investments Housing Investments
239 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Catalonia Assoc LP Cedarshores Limited Centennial Place LP Dividend Housing Association LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $10,525 $9,959 $9,355 Revenues $227 $539 $536 Net Income (Loss) ($302) ($164) ($475) Ownership Interest(s): 99.00% by Edison Capital 98.99% by Edison Capital 99.00% by MH V LP Housing Partners VIII LP Housing Investments 0.01% by Mission Funding Theta
240 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Centertown Assoc LP Centro Partners LP Cincinnati (El Centro) Ravenwood Apts LP (Ravenwood) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7,201 $5,057 $5,623 Revenues $390 $262 $517 Net Income (Loss) ($195) ($249) ($10) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments Housing Investments 0.95% by B.A.I. Edison Ravenwood LP (Ravenwood)
241 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Cochrane Village Colina Vista LP Community Invest- Apts LP ment LP (Oak Village Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,189 $5,845 $5 Revenues $58 $232 $6 Net Income (Loss) ($39) ($202) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by MHICAL 95 LP 1.00% by John Stewart Housing Investments Company
242 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Conejo Valley Coolidge Station Corporations for Community Housing Apts LC Affordable Housing Assoc (Community LP House Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,708 $1,861 $397 Revenues $38 $113 $5 Net Income (Loss) ($82) ($54) ($47) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 1.00% by EC Properties, Housing Investments Housing Investments Inc.
243 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Corporations for Corporations for Corona Ely/Ranch Affordable Housing Affordable Housing Assoc LP LP II LP III - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $322 $129 $92 Revenues $10 $2 $4 Net Income (Loss) ($41) ($5) ($3) Ownership Interest(s): 1.00% by EC Properties, 1.00% by EC Properties 1.00% by MHIFED 94 LP Inc. III, Inc.
244 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Cottonwood Coyote Springs Apts Crescent Manor Affordable Housing Assoc LP Assoc LP LP (Verde Vista) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,136 $11,336 $25 Revenues $59 $636 $22 Net Income (Loss) ($21) ($377) 1 Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 2.85% by John Stewart Housing Partners VII LP Housing Investments Company
245 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Cypress Cove Assoc Davis MHA Twin Del Carlo Court Pines Community Assoc LP Assoc LP (Northstar Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,805 $5,328 $5,056 Revenues $194 $204 $185 Net Income (Loss) ($89) ($204) ($212) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Mission Housing Housing Investments Housing Investments Gamma
246 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Del Norte Place LP Delta Plaza Apts LP DeRose Housing Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,463 $2,050 $4,730 Revenues $314 $76 $466 Net Income (Loss) ($50) ($100) ($399) Ownership Interest(s): 18.00% by The IBEX Group 99.00% by Edison Capital 99.00% by MH III LP Housing Investments
247 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Diamond Phase III Double X Assoc 1995 EAH Larkspur Venture LP LP (Terrace Manor) Creekside Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $20 $448 $2,621 Revenues - $39 $234 Net Income (Loss) ($1) ($51) ($105) Ownership Interest(s): 99.00% by Corporations 99.00% by Edison Capital 99.00% by Edison Capital for Affordable Housing LP Housing Partners VI LP Housing Investments
248 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: East Cotati Ave Eastwood Homes LP ECH/HFC GP Partners LP Partnership No. 1 - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,450 $11,723 $15,326 Revenues $270 $85 $1 Net Income (Loss) ($275) ($211) ($30) Ownership Interest(s): 99.00% by Edison Capital 98.99% by Edison Capital 34.90% by Edison Capital Housing Investments Housing Investments Housing Investments 0.01% by Mission Funding 50.40% by MHICAL 96 LP Theta 14.70% by MHICAL 97 LP
249 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: ECH/HFC GP ECH Investor ECH Investor Partnership No. 2 Partners VI-A LP Partners VI-B LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,086 $147 $88 Revenues - - - Net Income (Loss) ($2) ($2) ($1) Ownership Interest(s): 56.70% by Edison Capital 15.39% by Edison Capital 15.39% by Edison Capital Housing Investments Contributions VI Partners Contributions VI Partners 43.30% by MHICAL 95 LP
250 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: EDA LP (Eagle's Edison Capital Edison Capital Nest) Affordable Housing Affordable Housing Partners V LP Partners VI LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $95 $2,841 $188 Revenues $19 - - Net Income (Loss) ($4) - ($2) Ownership Interest(s): 99.00% by Corporations 16.38% by Edison Capital 61.82% by ECH Investor for Affordable Housing LP Housing Investments Partners VI-A LP II 37.18% by ECH Investor Partners VI-B LP
251 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Edison Capital Edison Capital Edison Capital Housing Affordable Housing Contributions VI Partners VII LP Partners VIII LP Partners - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,959 $2,340 $8,173 Revenues $1 - $2 Net Income (Loss) ($35) ($4) ($35) Ownership Interest(s): 19.40% by ECH/HFC GP 18.54% by ECH/HFC GP 91.77% by Edison Capital Partnership No. 1 Partnership No. 2 Housing Investments 4.03% by Edison Housing North Carolina 4.20% by Edison Housing South Carolina
252 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Edgewood Manor Edmundson Assoc LP El Barrio Academy Assoc II LP (Willows) Urban Renewal Assoc LP (Academy St.) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $56 $3,318 $5,428 Revenues $4 $163 $143 Net Income (Loss) ($1) ($144) ($106) Ownership Interest(s): 99.00% by Corporations 99.00% by Edison Capital 98.99% by Edison Capital for Affordable Housing LP Housing Investments Housing New Jersey II 0.01% by Mission Funding Theta
253 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Electra Arms Senior Elizabeth West & Fairmount Hotel Assoc LP East LP Urban Renewal Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $1,884 $67 Revenues - $102 $2 Net Income (Loss) - ($215) ($4) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Corporations Housing Investments Housing Investments for Affordable Housing LP
254 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Fairview Village Farm (The) Assoc LP Fell St Housing Assoc LP Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7 $5,877 $140 Revenues - $273 $6 Net Income (Loss) - $201 ($3) Ownership Interest(s): 1.00% by MHIFED 94 LP 99.00% by Edison Capital 1.00% by MHIFED 94 LP Housing Investments
255 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Fifth & Wilshire Flagstaff Afford- Florence Apts LLC able Housing II LP (Forest View Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,295 $1,315 $4,041 Revenues $14 $56 $20 Net Income (Loss) ($49) ($36) ($275) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners VII LP Housing Partners VII LP Housing Investments
256 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Florin Woods Assoc Forest Winds Assoc Fremont Building LP LP LP (Crescent Arms) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7,423 $283 $20,302 Revenues $404 $14 $600 Net Income (Loss) ($220) ($10) $167 Ownership Interest(s): 99.00% by MHICAL 95 LP 5.00% by Mission Housing 99.00% by Mission Housing Investors Partnership Zeta
257 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Garnet Housing Gateway Housing LP Gilroy Redwood Assoc (Gateway Townhomes) Assoc LP (Redwoods) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,331 $89 $3,100 Revenues $94 $13 $190 Net Income (Loss) ($109) ($4) ($108) Ownership Interest(s): 99.00% by MHICAL 97 LP 99.00% by Corporations 99.00% by Edison Capital for Affordable Housing LP Housing Investments II
258 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Ginzton Assoc LP Glen Eden Assoc LP Good Samaritan (A Street) Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,237 $323 $57 Revenues $696 $13 $1 Net Income (Loss) ($242) ($13) ($2) Ownership Interest(s): 99.00% by Edison Capital 5.00% by Mission Housing 1.00% by MHIFED 96A LP Housing Investments Investors Partnership
259 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Grace Housing LP Grandy Lake 1996 LP Gray's Meadows (Grandy Lake Investors LP Residences) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - $269 Revenues - - $15 Net Income (Loss) - - ($10) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 5.00% by Mission Housing Housing Investments Housing Investments Investors Partnership
260 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Greenway Village Grossman Apts Hamilton Place Apts Assoc LP Investors LP LP (Larkin Place) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,757 $1,153 $1,740 Revenues $212 $101 $132 Net Income (Loss) ($209) ($34) ($41) Ownership Interest(s): 99.00% by MHICAL 96 LP 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Partners VI LP
261 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Hamilton Place Harry Clark Jr. Hearthstone Group 3 Senior Living LP Residential Center LP (Evergreen LLC Court) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,392 $1,775 $487 Revenues $63 $46 $23 Net Income (Loss) ($51) ($47) ($37) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners VI LP Housing Investments Housing Partners VI LP
262 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Heartland-Wisconsin Heather Glen Assoc Heritage Partners Rapids Timber LP LP Trails LLC (Timber Trails) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,637 $5,153 - Revenues $430 $354 - Net Income (Loss) ($113) ($246) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments Housing Investments
263 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: HMB-Atlanta I LP Hollywood El Centro Holy Family Assoc (Spring Branch) LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,545 $115 $10,056 Revenues $550 $6 $585 Net Income (Loss) ($53) ($4) ($301) Ownership Interest(s): 99.00% by Edison Housing 1.00% by MHIFED 95 LP 99.00% by Edison Capital Georgia Housing Investments
264 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Homestead Village Hope West Apts LP Hotel Elkhart LLC Assoc LP (The Cornerstone) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $59 $28 $3,944 Revenues $5 $1 $576 Net Income (Loss) ($2) ($1) $183 Ownership Interest(s): 99.00% by Corporations 1.00% by MHIFED 94 LP 99.00% by Edison Capital for Affordable Housing LP Housing Investments II
265 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Huff Ave Assoc LP Jackie Robinson Apts LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,102 - $32 Revenues $618 - - Net Income (Loss) ($71) - $3 Ownership Interest(s): 99.00% by Edison Capital - 1.67% by John Stewart Housing Partners VII LP Company
266 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Josephinum Assoc LP Junction City Apts KDF Malabar LP (The) LP (Green Park) (Malabar Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,080 $50 $1,571 Revenues $1,104 $7 $122 Net Income (Loss) ($743) ($4) ($14) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Corporations 99.00% by Edison Capital Housing Investments for Affordable Housing LP Housing Partners VI LP II
267 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: KDF Park Glenn LP KDF Santa Paula LP Kennedy Court (Park Glenn) (Santa Paula) Partners LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $8,565 $3,512 Revenues - $840 $198 Net Income (Loss) - ($167) ($171) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by MHICAL 96 LP Housing Investments Housing Investments
268 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Kennedy Lofts Assoc Klamath Assoc Knolls Community LP LP Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $2,901 - Revenues - $155 - Net Income (Loss) - ($150) - Ownership Interest(s): 97.00% by Edison Capital 99.00% by MHICAL 96 LP 99.00% by Mission Housing Housing Investments Epsilon
269 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: La Brea/Franklin LP Lackawana Housing Assoc Lark Ellen LP (Goodwill Neighborhood Residences) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $60 $4,941 $14,329 Revenues $3 $2 $376 Net Income (Loss) ($3) ($8) ($267) Ownership Interest(s): 1.00% by MHIFED 95 LP 98.99% by Edison Capital 99.00% by Edison Capital Housing Pennsylvania Housing Investments 0.01% by Mission Funding Theta
270 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Larkin Pine LP Larkspur Isle LP Las Casitas LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $81 $2 $3 Revenues $3 $1 $2 Net Income (Loss) ($3) - - Ownership Interest(s): 1.00% by MHIFED 95 LP 0.50% by John Stewart 0.50% by John Stewart Company Company
271 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: La Terraza Assoc LP Lavell Village Lee Park Investors (Carlsbad Villas at Assoc LP LP Camino Real) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $28,418 $283 $29,071 Revenues $1,985 $15 $6,063 Net Income (Loss) ($641) ($7) $149 Ownership Interest(s): 99.00% by Mission Housing 5.00% by MHIFED 96 LP 99.00% by Mission Housing Partnership 1996 LP Alpha
272 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Liberty House Assoc LP LINC-Bristol Assoc I, Mackenzie Park Assoc LP LP (City Gardens) Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $45 $2,323 $17 Revenues $3 $261 $1 Net Income (Loss) ($2) ($73) - Ownership Interest(s): 99.00% by Corporations 99.00% by Edison Capital 99.00% by Corporations for Affordable Housing LP Housing Partners VI LP for Affordable Housing LP II
273 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Madison/Mollison LP Maple Ridge Maplewood School (Park Mollison) Development Assoc LP Apts LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7,438 $24 $5,575 Revenues $576 $2 $1 Net Income (Loss) ($118) ($1) ($67) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Corporations 99.00% by Edison Capital Housing Investments for Affordable Housing LP Housing Investments II
274 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Mar Assoc LP (Frank Mar) Marlton Residences Assoc MAS-WT LP (Washington LP Terrace) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $10,884 - $11,906 Revenues $706 - $414 Net Income (Loss) ($498) - ($575) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments Housing Partners VI LP
275 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Mason St Mayacamas Village McFarland Press Enterprises LP Assoc LP Assoc - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $14 $6,413 $6,675 Revenues $2 $307 $12 Net Income (Loss) - ($182) ($2) Ownership Interest(s): 1.00% by John Stewart 99.00% by MHICAL 94 LP 98.99% by Edison Capital Company Housing Pennsylvania 0.01% by Mission Funding Theta
276 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Mercantile Square Mercy Housing Mercy Housing California III LP California IV LP (3rd & Reed) (Vista Grande) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $20,042 $71 $4,608 Revenues $1,695 $4 $214 Net Income (Loss) ($614) ($2) ($116) Ownership Interest(s): 99.00% by Mission Housing 1.00% by MHIFED 95 LP 99.00% by Edison Capital Denver Housing Partners V LP
277 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Mercy Housing Mercy Housing Merrill Road Assoc California VI LP California IX LP LP (205 Jones) (Sycamore) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,960 $10,573 $3,812 Revenues $251 $422 $84 Net Income (Loss) ($180) ($400) ($171) Ownership Interest(s): 99.00% by MHICAL 95 LP 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments
278 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Metro Senior Assoc LP MH I LP MH II LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $78 $1,051 $206 Revenues $3 $8 - Net Income (Loss) ($4) ($128) ($66) Ownership Interest(s): 5.00% by MHIFED 96A LP 1.00% by Edison Capital 1.00% by Edison Capital Housing Investments Housing Investments 99.00% by Mission Housing 99.00% by Mission Housing Delta Delta
279 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: MH III LP MH IV LP MH V LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $682 $560 $1,546 Revenues $14 $17 $7 Net Income (Loss) ($422) ($386) ($371) Ownership Interest(s): 1.00% by Edison Capital 1.00% by Edison Capital 1.00% by Edison Capital Housing Investments Housing Investments Housing Investments 99.00% by Mission Housing 99.00% by Mission Housing 99.00% by Mission Housing Delta Delta Delta
280 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: MHIFED 94 LP MHICAL 94 LP MHIFED 95 LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $465 $23,468 $531 Revenues $1 $140 $1 Net Income (Loss) ($30) ($1,485) ($37) Ownership Interest(s): 1.00% by Edison Capital 99.00% by MHICAL 94 1.00% by Edison Capital Housing Investments Company Housing Investments 1.00% by Edison Capital Housing Investments
281 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: MHICAL 95 LP MHIFED 96 LP MHIFED 96A LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $31,422 $1,374 $419 Revenues $70 $2 - Net Income (Loss) ($2,160) ($100) ($24) Ownership Interest(s): 99.00% by MHICAL 95 5.00% by Edison Capital 1.00% by Edison Capital Company Housing Investments Housing Investments 1.00% by Edison Capital Housing Investments
282 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: MHICAL 96 LP MHIFED 97 LP MHICAL 97 LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,456 - $8,415 Revenues $28 - $19 Net Income (Loss) ($1,729) - ($456) Ownership Interest(s): 99.00% by MHICAL 96 99.00% by Edison Capital 99.00% by MHICAL 97 Company Housing Investments Company 1.00% by Edison Capital 1.00% by MHIFED 97 Housing Investments Company
283 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Mid-Peninsula Century Mid-Peninsula Sharmon Mission Capp LP Village Assoc LP (Century Palms Assoc LP (Sharmon Village) Palms) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7,224 $2,884 $5,137 Revenues $805 $197 $393 Net Income (Loss) ($119) ($109) ($229) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments Housing Investments
284 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Mission Housing Investors Mission Housing Monterra Village Assoc LP Partnership Partnership 1996 LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,446 $15,278 $5,330 Revenues $2 $34 $67 Net Income (Loss) ($107) ($924) ($198) Ownership Interest(s): 5.00% by Mission Housing 99.00% by Mission Housing 99.00% by MHICAL 97 LP Theta Holdings 1.00% by Edison Capital Housing Investments
285 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Morgan Hill Ranch Housing Morrone Gardens Assoc LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $12,033 $77 - Revenues $616 $6 - Net Income (Loss) ($278) ($2) - Ownership Interest(s): 99.00% by Edison Capital 1.00% by MHIFED 94 LP - Housing Investments
286 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: MPT Apts LP (MacArthur National Boston Lofts Park) Assoc LLLP (Boston Lofts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $6,704 $21,941 Revenues - $958 $1,108 Net Income (Loss) - ($339) ($392) Ownership Interest(s): - 99.00% by MH IV LP 99.00% by Edison Capital Housing Investments
287 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Neary Lagoon Partners LP New Harbor Vista Apts North Park Village LLC - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,368 - $2,332 Revenues $465 - $137 Net Income (Loss) ($417) - $71 Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Mission Housing Housing Investments Housing Investments Denver
288 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: North Town Housing Northwood Manor Assoc LP Oak Forest Assoc LP Partners LP (Villa del Norte Village) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $692 $873 $569 Revenues $24 $42 $12 Net Income (Loss) ($24) ($56) ($22) Ownership Interest(s): 5.00% by MHIFED 96 LP 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners VI LP Housing Partners VII LP
289 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Oakdale Terrace Leased Oceanside Gardens LP Ohlone Housing Assoc LP Housing Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,885 $1,818 $13,604 Revenues $143 $87 $393 Net Income (Loss) ($58) ($54) ($658) Ownership Interest(s): 98.99% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments Housing Partners VIII LP 0.01% by Mission Funding Theta
290 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Olive Court Apts LP Omaha Amber Ridge LP Ontario Senior Housing LP (Amber Ridge) (Ontario Plaza) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,566 $6,107 $6,979 Revenues $335 $756 $399 Net Income (Loss) ($185) $599 ($313) Ownership Interest(s): 98.9% by Edison Capital 99.00% by Edison Capital 98.90% by Edison Capital Housing Investments Housing Investments Housing Investments 0.1% by Mission Funding 0.1% by Mission Funding Omicron Omicron
291 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Open Door Assoc LP (West Oxnard Housing Assoc LP Pacific Terrace Assoc LP Valley) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $8,106 $40 $5,037 Revenues $433 $1 $16 Net Income (Loss) ($214) ($1) ($26) Ownership Interest(s): 99.00% by Edison Capital 1.00% by MHIFED 96A LP 99.00% by Edison Capital Housing Investments Housing Investments
292 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Pacifica Community Assoc Pajaro Court Assoc LP Palmer House LP LP (Villa Pacifica) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $14,045 $17 $1,743 Revenues $602 $1 $197 Net Income (Loss) ($527) ($1) ($58) Ownership Interest(s): 99.00% by Edison Capital 1.00% by MHIFED 94 LP 99.00% by Edison Capital Housing Investments Housing Investments
293 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Paradise Road Partners LP Park Place Terrace LP Parkside Assoc LP (Gateway Village) (Parkside Garden) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,103 $9,487 $65 Revenues $112 $289 $3 Net Income (Loss) ($75) ($285) ($2) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Corporations Housing Partners VII LP Housing Partners V LP for Affordable Housing LP
294 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: PVA LP (Park Victoria) Parsonage Cottage Senior Pecan Court Assoc LP Residence LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,321 $48 - Revenues $319 $7 - Net Income (Loss) ($31) ($4) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Corporations 99.00% by Edison Capital Housing Investments for Affordable Housing LP Housing Investments II
295 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Pellettieri Homes Urban Persimmon Assoc LP Piedmont Housing Assoc Renewal Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $8,008 $5,254 $146 Revenues $23 $61 $10 Net Income (Loss) ($57) ($6) ($7) Ownership Interest(s): 98.99% by Edison Capital 98.99% by Edison Capital 99.00% by Corporations Housing New Jersey Housing Investments for Affordable Housing LP III 0.01% by Mission Funding 0.01% by Mission Funding Theta Theta
296 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Pilot Grove LP Pinewood on Wisconsin Apts Pines Housing LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,623 - $36 Revenues $594 - $3 Net Income (Loss) ($676) - ($1) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Corporations Housing Investments Housing Investments for Affordable Housing LP
297 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Pines Housing II LP Pines Housing III LP Pinmore Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $23 $27 $6,771 Revenues $2 $2 $379 Net Income (Loss) ($1) - ($215) Ownership Interest(s): 99.00% by Corporations 99.00% by Corporations 99.00% by MHICAL 95 LP for Affordable Housing LP for Affordable Housing LP III
298 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Pinole Grove Assoc LP Piper Court LP Poco Way Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $57 $849 $951 Revenues $4 $287 $45 Net Income (Loss) ($2) $249 ($18) Ownership Interest(s): 1.00% by MHIFED 95 LP 99.9% by John Stewart 5.00% by MHIFED 96 LP Company
299 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Post Office Plaza LP President John Adams Prince Bozzuto LP Manor Apts LP (Fairground Commons) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $39,304 - $486 Revenues $8,614 - $64 Net Income (Loss) ($285) - ($22) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 5.00% by Mission Housing Housing Investments Housing Investments Investors Partnership
300 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Providence-Brown St Rancho Park Assoc LP Red Lake Homes Housing LP (Brown St) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,327 $363 $2,628 Revenues $58 $16 $10 Net Income (Loss) ($137) ($12) ($31) Ownership Interest(s): 99.90% by Edison Capital 5.00% by Mission Housing 99.00% by Edison Capital Housing Investments Investors Partnership Housing Investments
301 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Reseda Village LP Richmond City Center Rincon De Los Esteros Assoc LP Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $41 $6,880 $31,435 Revenues $2 $384 $2,203 Net Income (Loss) ($2) ($254) ($473) Ownership Interest(s): 1.00% by MHIFED 96A LP 99.00% by Mission Housing 99.00% by MHICAL 94 LP Beta
302 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Rittenhouse School LP Riverside/ Liebrandt River Walk Apts Homes LP Partners LP (La Playa - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $47 $2,469 $3,314 Revenues $2 $73 $112 Net Income (Loss) ($2) ($123) ($74) Ownership Interest(s): 99.00% by Corporations 99.00% by Mission Housing 99.00% by Edison Capital for Affordable Housing LP Epsilon Housing Partners V LP II
303 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Riverwalk Apts, Ltd Roebling Village Inn Rosebloom Assoc LP (Colorado) Urban Renewal LP (Oakshade) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $2,425 $2,980 Revenues - $1 $173 Net Income (Loss) - ($59) ($139) Ownership Interest(s): 99.00% by Edison Capital 98.99% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments Housing Investments 0.01% by Mission Funding Theta
304 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Rosecreek Senior Living LP Round Walk Village Apts LP Rustic Gardens Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $144 $140 Revenues - $9 $6 Net Income (Loss) - ($2) ($5) Ownership Interest(s): 99.90% by Edison Capital 1.00% by MHIFED 96A LP 5.00% by Mission Housing Housing Investments Investors Partnership
305 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Salem Lafayette Urban San Diego Golden Villa San Juan Commons 1996 LP Renewal Assoc LP Partners LP (Golden Villa) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $58 $4,110 $4,178 Revenues $4 - $120 Net Income (Loss) $2 ($13) ($56) Ownership Interest(s): 99.00% by Corporations 99.00% by Edison Capital 99.00% by Edison Capital for Affordable Housing LP Housing Partners V LP Housing Investments III
306 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: San Pablo Senior Housing San Pedro Gardens Santa Alicia Family Assoc LP Assoc LP Housing Assoc - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,939 $2,800 $83 Revenues $308 $115 $5 Net Income (Loss) ($161) ($163) ($5) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 1.00% by MHIFED 96A LP Housing Investments Housing Investments
307 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Santa Alicia Gardens Santa Paulan Senior Apts Schoolhouse Court Housing Townhomes LP (The Gardens) Assoc LP (The Paulan) Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,543 $8,565 - Revenues $142 $840 - Net Income (Loss) ($79) ($167) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners V LP Housing Investments Housing Investments
308 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Sea Ranch Apts LP Seasons Affordable Senior Second St Center LP Housing LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $127 $300 $51 Revenues $9 $21 $3 Net Income (Loss) ($5) ($13) ($2) Ownership Interest(s): 5.00% by Mission Housing 5.00% by MHIFED 96 LP 1.00% by MHIFED 95 LP Investors Partnership
309 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Sherman Glen, LLC Shiloh Arms LP Silver City Housing LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,185 $80 $67 Revenues $47 $76 $13 Net Income (Loss) ($127) ($2) ($4) Ownership Interest(s): 98.99% by Edison Capital 10.80% by John Stewart 99.00% by Corporations Housing Investments Company for Affordable Housing LP II 0.01% by Mission Funding Theta
310 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Silver Lake Properties Sky Parkway Smyrna Gardens LP Housing Assoc LP Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $448 $7,813 $25 Revenues $37 $388 $3 Net Income (Loss) ($6) ($245) ($2) Ownership Interest(s): 99.00% by Edison Capital 99.00% by MHICAL 96 LP 99.00% by Corporations Housing Partners VI LP for Affordable Housing LP
311 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Solinas Village Partners South 55th St LP South Beach Housing Assoc LP LP (Steamboat) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $43 $29 $13,091 Revenues $2 $1 $694 Net Income (Loss) ($2) - ($384) Ownership Interest(s): 1.00% by MHIFED 95 LP 99.00% by Corporations 99.00% by Edison Capital for Affordable Housing LP Housing Investments II
312 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: South Winery Assoc LP Springdale Kresson Assoc Spring Valley Commons (The Winery Apts) LP (Jewish Federation) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,144 $390 $61 Revenues $696 $24 - Net Income (Loss) ($88) ($18) - Ownership Interest(s): 99.00% by Edison Capital 5.00% by Mission Housing 99.00% by Corporations Housing Investments Investors Partnership for Affordable Housing LP III
313 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Stevenson Housing Assoc St. Hedwigs Gardens St. John's LP (Park Vista) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $48 $3,869 $275 Revenues - $161 $287 Net Income (Loss) - ($158) $13 Ownership Interest(s): 99.00% by Corporations 99.00% by Edison Capital 20.60% by John Stewart for Affordable Housing LP Housing Partners V LP Company III
314 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Stoney Creek Assoc LP Stony Point Apt Investors Strobridge Housing Assoc LP (Panas Place) LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,241 - $19,716 Revenues $410 - - Net Income (Loss) ($397) - ($225) Ownership Interest(s): 99.00% by Edison Capital 99.9% by Edison Capital 99.00% by MHICAL 96 LP Housing Investments Housing Investments
315 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Studebaker Building LP Sultana Acres Assoc LP Sunset Creek Partners LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,953 $2,511 $8,517 Revenues $236 $138 $500 Net Income (Loss) ($109) ($90) ($218) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by MHICAL 95 LP Housing Investments Housing Investments
316 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Sunshine Terrace LP Tabor Grand LP Terra Cotta Housing Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $8,528 $3,305 - Revenues $190 $214 - Net Income (Loss) ($241) ($111) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners V LP Housing Investments Housing Investments
317 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: The IBEX Group GP Thomson Rental Housing LP Three Oaks Housing LP (Washington Place) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $224 $2,175 $45 Revenues $7 $151 $3 Net Income (Loss) ($19) ($112) ($1) Ownership Interest(s): 10.00% by John Stewart 99.00% by Edison Capital 1.00% by MHIFED 95 LP Company Housing Investments
318 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Tierra Linda Assoc LP Timber Sound, Ltd Timber Sound II, Ltd - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $30 $5,407 $10,891 Revenues $1 $330 $80 Net Income (Loss) ($1) ($113) ($79) Ownership Interest(s): 1.00% by MHIFED 94 LP 98.99% by Edison Capital 98.99% by Edison Capital Housing Investments Housing Investments 0.01% by Mission Funding 0.01% by Mission Funding Theta Theta
319 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Tioga Gardens LP Tlaquepaque Housing Assoc Trinity Park Apts LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $44 $62 $2,941 Revenues $2 $3 $40 Net Income (Loss) ($1) ($2) ($123) Ownership Interest(s): 99.00% by Corporations 1.00% by MHIFED 94 LP 99.00% by Edison Capital for Affordable Housing LP Housing Investments
320 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Trolley Terrace Townhomes Tuscany Assoc LP (Tuscany Twin Ponds Apts LP LP Villa) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $3,896 - Revenues - $221 - Net Income (Loss) - ($192) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments Housing Investments
321 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Union Meadows Apts University Park Upland Senior Housing LP Properties LP (Coy D. Estes) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,535 $635 $6,303 Revenues $127 $1 $256 Net Income (Loss) ($364) ($3) ($235) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners V LP Housing Partners VI LP Housing Partners VI LP
322 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Venbury Trail LP Villa Maria Housing Village East Apts LP Partnership - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,798 $4,578 $20 Revenues $286 $16 $23 Net Income (Loss) ($214) $16 - Ownership Interest(s): 99.00% by Edison Capital 98.99% by Edison Capital 2.48% by John Stewart Housing Investments Housing Pennsylvania Company 0.01% by Mission Funding Theta
323 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Vine St Court LP Vine St Court LP II Vista Properties LLC (Vista View) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $33 $9 $4,004 Revenues - - $23 Net Income (Loss) - - ($110) Ownership Interest(s): 1.00% by MHIFED 96A LP 1.00% by MHIFED 96A LP 99.00% by Edison Capital Housing Partners VI LP
324 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Vista Verde Townhomes II W.M. Housing Assoc LP Walden Pond Ltd LP LLC (Williamsport Manor) (Hamlet) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $572 $62 $220 Revenues $16 $9 $20 Net Income (Loss) ($5) ($4) ($10) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Corporations 99.00% by Corporations Housing Partners VI LP for Affordable Housing LP for Affordable Housing LP II
325 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Wall Street Palmer House Walnut Ave Partnership LP Washington Creek Assoc LP LP (Palmer Hotel) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,255 $5,025 $3,616 Revenues $33 $97 $191 Net Income (Loss) ($48) ($46) ($159) Ownership Interest(s): 99.00% by Edison Capital 99.00% by MHICAL 97 LP 99.00% by Edison Capital Housing Investments Housing Investments
326 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: West Capital Courtyard Westfield Condominium Westgate Townhomes Assoc LP Investment LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,238 $1,491 $4,606 Revenues $292 $183 $207 Net Income (Loss) ($228) $79 ($168) Ownership Interest(s): 99.00% by MHICAL 94 LP 98.99% by Edison Capital 99.00% by MHICAL 96 LP Housing Investments 0.01% by Mission Funding Theta
327 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Westport Village Homes Wheeler Manor Assoc LP White Mountain Apache Assoc LP Housing - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,192 $11,338 $1,889 Revenues $125 $630 $52 Net Income (Loss) ($28) ($372) ($56) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments Housing Investments
328 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Winfield Hill Assoc LP Winnsboro Apts LP (Deer Woodhaven Senior Wood) Residences LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $19,420 - $21 Revenues $1,079 - $4 Net Income (Loss) ($418) - ($1) Ownership Interest(s): 99.00% by MHICAL 94 LP 99.00% by Corporations 1.00% by The IBEX Group for Affordable Housing LP II
329 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Woodland Arms Apts, Ltd Woodleaf Village LP WPA/Edison LLC (Pier A) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,711 $5,807 - Revenues - $157 - Net Income (Loss) ($7) ($293) - Ownership Interest(s): 99.00% by Edison Capital 98.99% by Edison Capital 99.00% by Edison Capital Housing Partners VII LP Housing Investments Housing New York 0.01% by Mission Funding Theta
330 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Yale Street LP YWCA Villa Nueva Partners West Valley Hart LP (Hart & Alabama) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,906 $8,372 - Revenues $27 $327 - Net Income (Loss) ($110) ($176) - Ownership Interest(s): 99.9% by Edison Capital 99.00% by Edison Capital 99.9% by Edison Capital Housing Investments Housing Investments Housing Investments
331 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Women's Westlake LP LL Housing LP (Laurel LL Housing LLC (Laurel (Dorothy Day Lake) Lake) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments Housing Investments
332 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: ABB Funding Partners LP AIG Asian Infrastructure AIG-GE Capital Latin Fund II LP American Infrastructure Fund LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $74 - $8,727 Revenues $2 - $53 Net Income (Loss) - - ($89) Ownership Interest(s): 14.27% by Mission Funding 5.80% by Edison Capital 8.00% by Edison Capital Kappa Latin American Latin American Investments (Bermuda) Ltd. Investments (Bermuda) Ltd.
333 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Electricidad de La Paz, GEM Energy Company Huntington LP S.A. (Electropaz) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $1,351 $106,381 Revenues - $338 $5,216 Net Income (Loss) - $171 $4,396 Ownership Interest(s): 10% by Edison Capital 50.00% by Mission Funding 50.00% by Mission Funding International (Bermuda) Epsilon Zeta Ltd.
334 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Lakota Ridge LLC Law Hospital Lyonnaise Latin America Water Corporation Ltd. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Ownership Interest(s): 50.00% by Mission Funding 20% by Edison Capital 25.8% by Edison Capital Zeta (Netherlands) Investments International (Bermuda) B.V. Ltd
335 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Shaokatan Hills LLC Trinidad and Tobago Woodstock Hills LLC Methanol Co Ltd - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $2,400 - Revenues - $423 - Net Income (Loss) - $423 - Ownership Interest(s): 50.00% by Mission Funding 1.0% by Edison Capital 50.00% by Mission Funding Zeta Latin American Zeta Investments (Bermuda) Ltd.
335a Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1998 (In thousands)
Name of Entity: Olmeca Cable Investments Ltd. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Ownership Interest(s): 21.7% by Edison Capital International (Bermuda) Ltd. 335b
Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Associated Calabasas Carol Stream Southern Palatino, Inc. Developers G.P. Investment Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not Subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated Provision for depreciation $4 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (871) ($1,786) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (867) (1,786) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 46 - $5 Receivables, including unbilled revenue, net of allowance for uncollectible Accounts 5,801 (705) 1,850 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5,847 (705) 1,855 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $4,980 ($2,491) $1,855 ============================================================= ==================== ==================== ====================
336 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Centrelake Irwindale Land Mission Airport Partners LP Company (Inactive) Park Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $20,481 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - ($50) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 20,481 - (50) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 16 - 27 Receivables, including unbilled revenue, net of allowance for uncollectible Accounts 7 ($2,380) 53,966 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 23 (2,380) 53,993 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $20,504 ($2,380) $53,943 ============================================================= ==================== ==================== ====================
337 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Industrial Mission-Oceangate Mission/ Ontario, Constructors, Inc. Inc. (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not Subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated Provision for depreciation - $52,060 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 52,060 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 94 $25 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 1,312 (947) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 1,406 (913) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 568 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 568 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $54,034 ($913) ============================================================= ==================== ==================== ====================
338 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission South Bay Mission Texas Mission Vacaville Company (Inactive) Property Holdings, LP Inc. (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - $45,709 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - 45,709 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - 535 Receivables, including unbilled revenue, net of allowance for uncollectible accounts $167 $89 372 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 1,284 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 167 89 2,191 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - 461 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 461 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $167 $89 $48,361 ============================================================= ==================== ==================== ====================
339 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Land Consolidating Mission Land Company Adjustments Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation ($33,830) ($2,071) $82,353 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 118,602 (115,895) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 84,772 (117,966) 82,353 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 6,138 - 6,886 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 88,195 (144,919) 2,808 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 2 1,295 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 94,333 (144,917) 10,989 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges (4) 14,961 15,986 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (4) 14,961 15,986 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $179,101 ($247,922) $109,328 ============================================================= ==================== ==================== ====================
340 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Associated Calabasas Carol Stream Southern Palatino, Inc. Developers G.P. Investment Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $1,240 - $4,027 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 1,262 ($3,823) 1,713 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 2,502 (3,823) 5,740 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 2,502 (3,823) 5,740 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt 1,729 425 - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,729 425 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 795 (50) - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits (46) 957 (3,885) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 749 907 (3,885) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $4,980 ($2,491) $1,855 ============================================================= ==================== ==================== ====================
341 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Centrelake Irwindale Land Mission Airport Partners LP Company (Inactive) Park Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - $45,032 Additional Paid in Capital $16,874 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (1,823) $3,739 780 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 15,051 3,739 45,812 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 15,051 3,739 45,812 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - Short-term debt 694 (9,181) 7,580 Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - 5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 694 (9,181) 7,585 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 18 1,473 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 4,759 3,044 (927) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 4,759 3,062 546 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $20,504 ($2,380) $53,943 ============================================================= ==================== ==================== ====================
342 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Industrial Mission-Oceangate Mission/ Ontario, Constructors, Inc. Inc. (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - $17,903 ($21,161) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings ($1) 2,800 1,121 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (1) 20,703 (20,040) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - (20,040) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (1) 20,703 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 5,591 - Short-term debt 1 - 19,796 Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 49 10 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities $1 5,640 19,806 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (687) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 27,691 8 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 27,691 (679) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $54,034 ($913) ============================================================= ==================== ==================== ====================
343 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission South Bay Mission Texas Mission Vacaville Company (Inactive) Property Holdings, LP Inc. (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - $32 $47,403 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings ($248) (931) (14,403) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (248) (899) 33,000 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (248) (898) 33,000 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - 729 2,315 Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - 24 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 729 2,339 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 415 187 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 72 13,022 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 415 259 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $167 $89 $48,361 ============================================================= ==================== ==================== ====================
344 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Land Consolidating Mission Land Company Adjustments Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $66,569 ($75,338) $102,581 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 54,511 (43,210) 1,487 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 121,080 (118,548) 104,068 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 121,080 (118,548) 104,068 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt 56,973 (86,483) 169 Accounts payable 9 - 9 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 993 (22) 1,059 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 57,975 (86,505) 1,237 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (10,359) 9,918 1,710 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 9,651 (52,033) 2,313 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (708) (42,115) 4,023 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 754 (754) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $179,101 ($247,922) $109,328 ============================================================= ==================== ==================== ====================
345 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Associated Calabasas Carol Stream Southern Palatino, Inc. Developers G.P. Investment Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $705 - $15 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 705 - 15 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 3 - 9 Maintenance - - - Depreciation and decommissioning - $2 - Income taxes 234 1,669 - Property and other taxes - - (16) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 237 1,671 (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 468 (1,671) 22 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 468 (1,671) 22 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 468 (1,671) 22 Retained earnings - beginning of year 793 (2,152) 1,691 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,261 ($3,823) $1,713 ============================================================= ==================== ==================== ====================
346 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Centrelake Irwindale Land Mission Airport Partners LP Company (Inactive) Park Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $72 $345 $2,255 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 72 345 2,255 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 88 238 4,877 Maintenance 7 2 3 Depreciation and decommissioning - 13 - Income taxes - (39) (706) Property and other taxes 194 (40) (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 289 174 4,173 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (217) 171 (1,918) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - 65 Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 65 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (217) 171 (1,853) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (217) 171 (1,853) Retained earnings - beginning of year (1,606) 3,568 2,633 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,823) $3,739 $780 ============================================================= ==================== ==================== ====================
347 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Industrial Mission-Oceangate Mission/ Ontario, Constructors, Inc. Inc. (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $3,680 $27,483 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 3,680 27,483 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 518 23,150 Maintenance - 217 6 Depreciation and decommissioning - 239 3 Income taxes ($1) - 2,128 Property and other taxes - 936 435 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (1) 1,910 25,722 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 1 1,770 1,761 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - 67 Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - 67 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 1 1,770 1,828 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - 1,770 - Retained earnings - beginning of year 1 1,030 1,828 Dividends declared on common stock (2) - (707) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1) $2,800 $1,121 ============================================================= ==================== ==================== ====================
348 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission South Bay Mission Texas Mission Vacaville Company (Inactive) Property Holdings, LP Inc. (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $1,079 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 1,079 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - 1,082 Maintenance - - 107 Depreciation and decommissioning - - 215 Income taxes $90 - Property and other taxes - - 2,364 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 90 - 3768 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (90) - (2689) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - 479 Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - 479 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (90) - (2,210) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (90) - (2,210) Retained earnings - beginning of year (158) ($931) (12,193) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($248) ($931) ($14,403) ============================================================= ==================== ==================== ====================
349 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Land Consolidating Mission Land Company Adjustments Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $16,234 - $51,868 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 16,234 - 51,868 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 16,797 $1 46,763 Maintenance 46 - 388 Depreciation and decommissioning 24 - 496 Income taxes (2,613) (205) 557 Property and other taxes 139 (14) 3,997 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 14,393 (218) 52,201 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 1,841 218 (333) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 514 1 1,126 Minority interest - (204) (204) Other nonoperating income - net 2 7 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 516 (196) 931 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 2,357 22 598 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 2,357 22 598 Retained earnings - beginning of year 52,154 (43,232) 888 Dividends declared on common stock - 1 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $54,511 ($43,209) $1,487 ============================================================= ==================== ==================== ====================
350 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Associated Mission Power Consolidating Southern Engineering Company Adjustments Engineering Company inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $761 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 761 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 7 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 7 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 416 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 416 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $1,184 - ============================================================= ==================== ==================== ====================
351 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Power Engineering Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $761 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 761 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 7 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 7 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 416 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 416 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,184 - - ============================================================= ==================== ==================== ====================
352 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Associated Mission Power Consolidating Southern Engineering Company Adjustments Engineering Company (inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $3,000 - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings ($3) (12,608) $3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (3) (9,608) 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (3) (9,608) 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 3 150 (3) Accrued taxes - - - Accrued interest - 150 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities $3 300 ($3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 10,492 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 10,492 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $1,184 - ============================================================= ==================== ==================== ====================
353 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Power Engineering Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $3,000 - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (12,608) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (9,608) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (9,608) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 150 - - Accrued taxes - - - Accrued interest 150 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 300 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 10,492 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 10,492 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,184 - - ============================================================= ==================== ==================== ====================
354 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Associated Mission Power Consolidating Southern Engineering Company Adjustments Engineering Company (inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - $57 - Maintenance - - - Depreciation and decommissioning - 4 - Income taxes - 20 - Property and other taxes - 23 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 104 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (104) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 3 - Minority interest - (67) - Other nonoperating income - net - 161 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 97 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - (7) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 150 - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 150 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (157) Retained earnings - beginning of year ($3) (12,451) $3 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($3) ($12,608) $3 ============================================================= ==================== ==================== ====================
355 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Power Engineering Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $57 - - Maintenance - - - Depreciation and decommissioning 4 - - Income taxes 20 - - Property and other taxes 23 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 104 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (104) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 3 - - Minority interest (67) - - Other nonoperating income - net 161 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 97 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (7) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 150 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 150 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (157) - - Retained earnings - beginning of year (12,451) - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($12,608) - - ============================================================= ==================== ==================== ====================
Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Aguila Energy Anacapa Energy Arrowhead Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $11,900 $8,627 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 11,900 8,627 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 5 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 10 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5 10 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $11,905 $8,637 - ============================================================= ==================== ==================== ====================
357 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Balboa Energy Bergen Point Blue Ridge Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $1,014 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 1,014 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $1,014 - ============================================================= ==================== ==================== ====================
358 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Bretton Woods Camino Energy Capistrano Energy Company Company Cogeneration Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $115,009 $9,837 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 115,009 9,837 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 3 2,919 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 329 12 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 43 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 375 2,931 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 19,643 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 19,643 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $135,027 $12,768 ============================================================= ==================== ==================== ====================
359 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Centerport Energy Chesapeake Bay Chester Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
360 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Clayville Energy Colonial Energy Coronado Energy Company Company (Inactive) Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
361 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Del Mar Energy Delaware Energy Desert Sunrise Company Conservers, Inc. Energy Company (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $6,981 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 6,981 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 8 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $6,989 - - ============================================================= ==================== ==================== ====================
362 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Devereaux Energy Eastern Sierra East Maine Energy Company Energy Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $10,777 $12,689 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 10,777 12,689 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 27 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 476 27 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 476 55 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $11,253 $12,744 - ============================================================= ==================== ==================== ====================
363 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Alabama Edison Mission Edison Mission Generating Company Energy Fuel Energy Funding Consolidated Corp. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $62,949 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 62,949 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 43 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - $39,115 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 43 39,115 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - 356,683 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 356,683 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $62,992 $395,798 ============================================================= ==================== ==================== ====================
364 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Interface Holdings Co. Marketing & Ltd Consolidated Trading, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $321 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 321 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $321 - - ============================================================= ==================== ==================== ====================
365 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission El Dorado Energy EMP Inc. (Inactive) Operation & Company Maintenance, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $48 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - ($85) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 48 (85) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 6,135 67 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 4,683 34 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 615 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 11,433 101 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 25 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 25 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $11,506 $16 - ============================================================= ==================== ==================== ====================
366 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Four Counties Gas Hanover Energy Holtsville Energy Company (Inactive) Company Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $10,524 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 10,524 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 67 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 14 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 81 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $10,605 - ============================================================= ==================== ==================== ====================
367 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Indian Bay Energy Jefferson Energy Kings Canyon Company Company (Inactive) Energy Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
368 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Kingspark Energy Laguna Energy La Jolla Energy Company Company (Inactive) Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
369 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Lakeview Energy Lehigh River Longview Company Energy Company Cogeneration (Inactive) Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
370 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Madera Energy Madison Energy Mission Capital LP Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $28,162 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 28,162 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 971 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 971 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $29,133 - ============================================================= ==================== ==================== ====================
371 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission/Eagle Mission Energy Mission Energy Energy Company Construction Holdings, Inc. (Inactive) Services, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $4,461 ($1) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 4,461 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - 5,696 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 5,696 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $4,461 $5,695 ============================================================= ==================== ==================== ====================
372 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Energy Mission Energy Mission Energy Holdings Indonesia Mexico (Inactive) International Inc. (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $2,864,069 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 482,749 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 3,346,818 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 295,240 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 74,333 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 23,261 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 392,834 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 382,430 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 382,430 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $4,122,082 - - ============================================================= ==================== ==================== ====================
373 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Energy New Mission Energy Mission Operations York, Inc. Wales Company de Mexico, S.A. de Consolidated C.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $102,558 $176,622 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 102,558 176,622 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 41 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 41 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $102,599 $176,622 - ============================================================= ==================== ==================== ====================
374 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Triple North Jackson Northern Sierra Cycle Systems Energy Company Energy Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
375 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Ortega Energy Panther Timber Paradise Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
376 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Pleasant Valley Prince George Quartz Peak Energy Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $2,797 $18,220 $12,809 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 2,797 18,220 12,809 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 4 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - 5 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 49 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4 - 54 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,801 $18,220 $12,863 ============================================================= ==================== ==================== ====================
377 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Rapidan Energy Reeves Bay Energy Ridgecrest Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $604 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 604 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 40 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 40 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $644 - - ============================================================= ==================== ==================== ====================
378 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Rio Escondido Riverport Energy San Gabriel Energy Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts $21,724 - $70 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 21,724 - 70 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $21,724 - $70 ============================================================= ==================== ==================== ====================
379 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
San Joaquin Energy San Juan Energy San Pedro Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $49,240 $15,171 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 49,240 15,171 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 21 2 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 9 5 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 26 31 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 56 38 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 8,016 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 8,016 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $57,312 $15,209 - ============================================================= ==================== ==================== ====================
380 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Santa Ana Energy Santa Clara Energy Silverado Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $7,186 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - 7,186 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - 2 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - 1 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $7,195 ============================================================= ==================== ==================== ====================
381 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Silver Springs Sonoma Geothermal South Coast Energy Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $4,824 $12,855 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 4,824 12,855 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 527 5,030 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 7 110 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 534 5,140 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $5,358 $17,995 ============================================================= ==================== ==================== ====================
382 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Southern Sierra Thorofare Energy Viejo Energy Energy Company Company (Inactive) Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $48,242 - $9,581 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 48,242 - 9,581 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 12 - 2 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 13 - 1 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 41 - 8 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 66 - 11 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 15,994 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 15,994 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $64,302 - $9,592 ============================================================= ==================== ==================== ====================
383 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Vista Energy Western Sierra Edison Mission Company (Inactive) Energy Company Energy - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - $10,696 Nuclear decommissioning trusts - Investments in partnerships and unconsolidated subsidiaries - $70,691 1,535,762 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 70,691 1,546,458 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $70 12 148,941 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2,054 8 18,770 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 44 305 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2,124 64 168,016 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 1,299 19,933 5,645 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1,299 19,933 5,645 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3,423 $90,688 $1,720,119 ============================================================= ==================== ==================== ====================
384 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Edison Mission Adjustments Energy Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $2,874,813 Nuclear decommissioning trusts - - Investments in partnerships and unconsolidated subsidiaries ($1,606,530) 1,226,546 Investments in leveraged leases - - Other investments - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (1,606,530) 4,101,359 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 7 459,178 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (49,863) 112,949 Fuel inventory - - Materials and supplies, at average cost - - Accumulated deferred income taxes - net - - Regulatory balancing accounts - net - - Prepayments and other current assets 10,743 35,189 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (39,113) 607,316 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - Rate phase-in plan - - Income tax-related deferred charges - - Other deferred charges (365,923) 449,441 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (365,923) 449,441 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,011,566 $5,158,116 ============================================================= ==================== ==================== ====================
385 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Aguila Energy Anacapa Energy Arrowhead Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $17,301 $3,295 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (7,718) (1,032) $13 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 9,583 2,263 13 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 9,583 2,263 13 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable (22,984) 4,831 40 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 9 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (22,984) 4,840 40 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 25,306 1,534 (53) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 25,306 1,534 ($53) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $11,905 $8,637 - ============================================================= ==================== ==================== ====================
386 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Balboa Energy Bergen Point Blue Ridge Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - $968 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings ($9) (3,623) ($8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (9) (2,655) (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (9) (2,655) (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 13 3,485 13 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 13 3,485 13 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (4) 184 (5) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits ($4) 184 ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $1,014 - ============================================================= ==================== ==================== ====================
387 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Bretton Woods Camino Energy Capistrano Energy Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $314 $8,371 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 65 8,502 $4,482 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 379 16,873 4,482 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 356,683 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 379 373,556 4,482 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 30,997 - Short-term debt - - - Accounts payable (431) (311,204) (8,681) Accrued taxes - - - Accrued interest - 8,082 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 50 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (431) (272,075) (8,681) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 52 26,010 14,960 Accumulated deferred investment tax credits - 7,536 2,007 Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits $52 33,546 16,967 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $135,027 $12,768 ============================================================= ==================== ==================== ====================
388 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Centerport Energy Chesapeake Bay Chester Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $241 $2,484 $114 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 47 (1,518) (141) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 288 966 (27) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 288 966 (27) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable (332) (967) 27 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (332) (967) $27 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 44 1 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits $44 $1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - - - ============================================================= ==================== ==================== ====================
389 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Clayville Energy Colonial Energy Coronado Energy Company Company (Inactive) Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings ($5) ($4) ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (5) (4) (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (5) (4) (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 5 4 5 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities $5 $4 $5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - - - ============================================================= ==================== ==================== ====================
390 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Del Mar Energy Delaware Energy Desert Sunrise Company Conservers, Inc. Energy Company (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - $1 Additional Paid in Capital $2,240 - 12 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 73 ($2) (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 2,313 (2) 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 2,313 (2) 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 2,172 2 (10) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 6 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 2,178 $2 (10) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,498 - 1 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 2,498 - $1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $6,989 - - ============================================================= ==================== ==================== ====================
391 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Devereaux Energy Eastern Sierra East Maine Energy Company Energy Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $29,988 $9,153 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (8,269) 3,143 ($7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 21,719 12,296 (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 21,719 12,296 (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable (14,285) (850) 7 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 46 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (14,285) (804) $7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 3,819 1,252 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 3,819 1,252 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $11,253 $12,744 - ============================================================= ==================== ==================== ====================
392 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Alabama Edison Mission Edison Mission Generating Company Energy Fuel Energy Funding Consolidated Corp. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $696 $63,590 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (509) 5,107 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 187 68,697 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - $356,683 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 187 68,697 356,683 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 30,997 Short-term debt - - - Accounts payable (187) (6,452) - Accrued taxes - - - Accrued interest - - 8,082 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 826 36 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities ($187) (5,626) 39,115 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (79) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - (79) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $62,992 $395,798 ============================================================= ==================== ==================== ====================
393 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Interface Holdings Co. Marketing & Ltd Consolidated Trading, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $315 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (62) - - Unrealized gain in equity investments - net - - - Retained Earnings 41 ($3) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 294 (3) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 294 (3) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 44 3 - Accrued taxes (15) - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities (2) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 27 $3 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $321 - - ============================================================= ==================== ==================== ====================
394 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission El Dorado Energy EMP, Inc. Operation & Company (Inactive) Maintenance, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - $8,800 Additional Paid in Capital $10,302 $11,952 480 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 3,695 (8,038) (3,765) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 13,997 3,914 5,515 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 13,997 3,914 5,515 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable (6,345) (2,236) (5,006) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 5,573 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (772) (2,236) (5,006) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1,719) (1,662) (509) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (1,719) (1,662) ($509) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $11,506 $16 - ============================================================= ==================== ==================== ====================
395 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Four Counties Gas Hanover Energy Holtsville Energy Company (Inactive) Company Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - $5,241 $1,273 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings ($5) 256 (896) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (5) 5,497 377 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (5) 5,497 377 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 5 (217) (546) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities $5 (217) (546) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 5,325 169 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 5,325 $169 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $10,605 - ============================================================= ==================== ==================== ====================
396 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Indian Bay Energy Jefferson Energy Kings Canyon Company Company (Inactive) Energy Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $207 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 39 $188 ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 246 188 (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 246 188 (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable (284) (212) 5 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (284) (212) $5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 38 24 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits $38 $24 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - - - ============================================================= ==================== ==================== ====================
397 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Kingspark Energy Laguna Energy La Jolla Energy Company Company (Inactive) Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $3,094 $11,535 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 243 (1,686) ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 3,337 9,849 (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 1,373 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 3,337 11,222 (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable (4,596) (11,776) 5 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (4,596) (11,776) $5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,259 554 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits $1,259 $554 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - - - ============================================================= ==================== ==================== ====================
398 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Lakeview Energy Lehigh River Longview Company Energy Company Cogeneration (Inactive) Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - $8,092 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings ($5) (8,558) ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (5) (466) (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (5) (466) (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 5 2,134 5 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities $5 2,134 $5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (1,675) - Accumulated deferred investment tax Credits - 7 - Customer advances and other deferred Credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - ($1,668) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - - - ============================================================= ==================== ==================== ====================
399 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Madera Energy Madison Energy Mission Capital LP Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - ($1) Additional Paid in Capital - $23,534 4,639 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings ($8) 136 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (8) 23,670 4,638 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - 150,000 Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (8) 23,670 154,638 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 13 188 (154,637) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 13 188 ($154,638) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (5) 5,275 - Accumulated deferred investment tax credits - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits ($5) 5,275 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $29,133 - ============================================================= ==================== ==================== ====================
400 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission/Eagle Mission Energy Mission Energy Energy Company Construction Holdings, Inc. (Inactive) Services, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings ($2) ($13) ($854) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (2) (13) (854) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (2) (13) (854) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 1 4,046 6,267 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1 4,046 6,267 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1 428 282 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits $1 428 282 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $4,461 $5,695 ============================================================= ==================== ==================== ====================
401 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Energy Mission Energy Mission Energy Holdings Indonesia Mexico (Inactive) International Inc. (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $133,131 - - Additional Paid in Capital 645,265 $200 Accumulated other comprehensive income: Cumulative translation adjustments - net 22,525 - - Unrealized gain in equity investments - net - - - Retained Earnings 290,488 ($5) (1,142) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 1,091,409 (5) (942) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 1,811,118 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 2,902,527 (5) (942) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 92,839 - - Short-term debt - - - Accounts payable 33,549 5 937 Accrued taxes (701) - - Accrued interest 47,939 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 173,626 $5 937 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 379,537 - 5 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 546,108 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 925,645 - $5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 120,284 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $4,122,082 - - ============================================================= ==================== ==================== ====================
402 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Energy New Mission Energy Mission Operations York, Inc. Wales Company de Mexico, S.A. de Consolidated C.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - $142,139 - Accumulated other comprehensive income: Cumulative translation adjustments - net - (1) - Unrealized gain in equity investments - net - - - Retained Earnings ($51,616) 28,448 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (51,616) 170,586 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 19,591 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (32,025) 170,586 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 121,238 (112,342) - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 121,238 (112,342) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 13,386 118,378 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 13,386 118,378 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $102,599 $176,622 - ============================================================= ==================== ==================== ====================
403 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Triple North Jackson Northern Sierra Cycle Systems Energy Company Energy Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $335 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 153 ($2) $133 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 488 (2) 133 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 488 (2) 133 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable (312) 2 (133) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (312) $2 ($133) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (176) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits ($176) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - - - ============================================================= ==================== ==================== ====================
404 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Ortega Energy Panther Timber Paradise Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - $966 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings ($7) 254 ($58) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (7) 1,220 (58) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (7) 1,220 (58) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 7 (756) (3,924) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities $7 (756) (3,924) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (464) 3,982 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - ($464) $3,982 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - - - ============================================================= ==================== ==================== ====================
405 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Pleasant Valley Prince George Quartz Peak Energy Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $119 $11,508 $9,062 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (1,195) 1,686 86 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (1,076) 13,194 9,148 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (1,076) 13,194 9,148 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 2,874 1,574 432 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 2,874 1,574 432 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,003 3,452 3,283 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 1,003 3,452 3,283 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $2,801 $18,220 $12,863 ============================================================= ==================== ==================== ====================
406 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Rapidan Energy Reeves Bay Energy Ridgecrest Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $1,976 $788 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (1,963) (671) ($8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 13 117 (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 13 117 (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 1,794 (117) 13 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,794 ($117) 13 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1,163) - (5) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (1,163) - ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $644 - - ============================================================= ==================== ==================== ====================
407 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Rio Escondido Riverport Energy San Gabriel Energy Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $19,783 $333 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (2,210) 74 ($1,680) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 17,573 407 (1,680) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 17,573 407 (1,680) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable (301) (459) 1,740 Accrued taxes 3,365 - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 3,065 (459) 1,740 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,086 52 10 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 1,086 $52 10 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $21,724 - $70 ============================================================= ==================== ==================== ====================
408 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
San Joaquin Energy San Juan Energy San Pedro Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $3,000 $4,942 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 4,981 7,488 ($8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 7,981 12,430 (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 356,683 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 364,664 12,430 (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 30,997 - - Short-term debt - - - Accounts payable (361,727) (509) 13 Accrued taxes - - - Accrued interest 8,082 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 31 30 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (322,617) (479) 13 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 12,539 3,258 (5) Accumulated deferred investment tax credits 2,726 - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 15,265 3,258 ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $57,312 $15,209 - ============================================================= ==================== ==================== ====================
409 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Santa Ana Energy Santa Clara Energy Silverado Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - $2,910 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings ($8) ($6) 1,517 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (8) (6) 4,427 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (8) (6) 4,427 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 13 6 1,583 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - 7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 13 $6 1,590 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (5) - 1,178 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits ($5) - 1,178 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - - $7,195 ============================================================= ==================== ==================== ====================
410 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Silver Springs Sonoma Geothermal South Coast Energy Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - $5,511 $2,070 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings ($5) (1,886) 7,958 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (5) 3,625 10,028 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (5) 3,625 10,028 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 5 2,698 4,164 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - 50 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities $5 2,698 4,214 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (987) 3,099 Accumulated deferred investment tax credits - 22 654 Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - (965) 3,753 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $5,358 $17,995 ============================================================= ==================== ==================== ====================
411 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Southern Sierra Thorofare Energy Viejo Energy Energy Company Company (Inactive) Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $5,456 - $3,255 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 6,628 ($2) (411) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 12,084 (2) 2,844 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 356,683 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 368,767 (2) 2,844 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 30,997 - - Short-term debt - - - Accounts payable (356,437) (24) 5,253 Accrued taxes - - - Accrued interest 8,082 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 50 - 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (317,308) (24) 5,262 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 9,141 26 1,486 Accumulated deferred investment tax credits 3,702 - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 12,843 $26 1,486 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $64,302 - $9,592 ============================================================= ==================== ==================== ====================
412 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Vista Energy Western Sierra Edison Mission Company (Inactive) Energy Company Energy - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - $64,131 Additional Paid in Capital $13,380 $6,207 636,908 Accumulated other comprehensive income: Cumulative translation adjustments - net - - 7,250 Unrealized gain in equity investments - net - - - Retained Earnings (1,198) 9,255 226,840 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 12,182 15,462 935,129 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 295 356,683 177,369 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 12,477 372,145 1,112,498 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 680 30,997 100,000 Short-term debt - - - Accounts payable (12,292) (339,506) 401,068 Accrued taxes - - (1,005) Accrued interest - 8,082 687 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 666 57 145,382 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (10,946) (300,370) 646,132 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,892 15,010 (46,704) Accumulated deferred investment tax credits - 3,903 19 Customer advances and other deferred credits - - 8,174 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 1,892 18,913 (38,511) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $3,423 $90,688 $1,720,119 ============================================================= ==================== ==================== ====================
413 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Edison Mission Adjustments Energy Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($141,932) $64,130 Additional Paid in Capital (1,106,141) 629,406 Accumulated other comprehensive income: Cumulative translation adjustments - net (33) 29,679 Unrealized gain in equity investments - net - - Retained Earnings (266,891) 234,345 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (1,514,997) 957,560 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - Subject to mandatory redemption - 150,000 Long-term debt (1,426,731) 2,366,430 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (2,941,728) 3,473,990 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt (123,988) 224,516 Short-term debt - - Accounts payable 1,174,271 35,484 Accrued taxes 15,700 17,344 Accrued interest (32,328) 56,708 Dividends payable - - Accumulated deferred income taxes - net - - Regulatory balancing accounts - net - - Deferred unbilled revenue and other current liabilities 14,399 167,225 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,048,054 501,277 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (13,163) 592,436 Accumulated deferred investment tax credits (3) 20,573 Customer advances and other deferred credits - 554,282 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (13,166) 1,167,291 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (104,726) 15,558 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($2,011,566) $5,158,116 ============================================================= ==================== ==================== ====================
Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Aguila Energy Anacapa Energy Arrowhead Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations ($922) $36 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (922) 36 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 460 930 - Maintenance - - - Depreciation and decommissioning - 68 - Income taxes (438) (359) $1 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 22 639 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (944) (603) (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (944) (603) (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (944) (603) (1) Retained earnings - beginning of year (6,774) (429) 14 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($7,718) ($1,032) $13 ============================================================= ==================== ==================== ====================
415 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Balboa Energy Bergen Point Blue Ridge Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $196 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 196 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 920 - Maintenance - - - Depreciation and decommissioning - 14 - Income taxes $1 (278) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 656 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) (460) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1) (460) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1) (460) - Retained earnings - beginning of year (8) (3,163) ($8) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9) ($3,623) ($8) ============================================================= ==================== ==================== ====================
416 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Bretton Woods Camino Energy Capistrano Energy Company Company Cogeneration Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $38,217 $7,435 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 38,217 7,435 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 979 920 Maintenance - - - Depreciation and decommissioning - 622 8 Income taxes $1 2,724 2,525 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 4,325 3,453 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) 33,892 3,982 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 22,659 1,151 Minority interest - - - Taxes on nonoperating income - (8,958) (456) Other nonoperating income - net - (37) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 13,664 695 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1) 47,556 4,677 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 29,230 - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 29,230 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1) 18,326 4,677 Retained earnings - beginning of year 66 (824) 2,175 Dividends declared on common stock - (9,000) (2,370) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $65 $8,502 $4,482 ============================================================= ==================== ==================== ====================
417 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Centerport Energy Chesapeake Bay Chester Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes $1 ($1) - Property and other taxes - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1) 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1) 1 - Retained earnings - beginning of year 48 (1,519) ($141) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $47 ($1,518) ($141) ============================================================= ==================== ==================== ====================
418 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Clayville Energy Colonial Energy Coronado Energy Company Company (Inactive) Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes - $1 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - (1) - Retained earnings - beginning of year ($5) (3) ($5) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($5) ($4) ($5) ============================================================= ==================== ==================== ====================
419 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Del Mar Energy Delaware Energy Desert Sunrise Company Conservers, Inc. Energy Company (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $838 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 838 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 928 - - Maintenance - - - Depreciation and decommissioning 14 - - Income taxes (17) $1 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 925 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (87) (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (87) (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (87) (1) - Retained earnings - beginning of year 160 (1) ($4) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $73 ($2) ($4) ============================================================= ==================== ==================== ====================
420 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Devereaux Energy Eastern Sierra East Maine Energy Company Energy Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations ($2,108) $3,953 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (2,108) 3,953 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 460 923 - Maintenance - - - Depreciation and decommissioning - 204 - Income taxes (832) 1,149 $1 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (372) 2,276 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1,736) 1,677 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 25 68 - Minority interest - - - Taxes on nonoperating income (9) Other nonoperating income - net 450 (46) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 475 13 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1,261) 1,690 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1,261) 1,690 (1) Retained earnings - beginning of year (7,008) 1,700 (6) Dividends declared on common stock - (247) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8,269) $3,143 ($7) ============================================================= ==================== ==================== ====================
421 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Alabama Edison Mission Edison Mission Generating Company Energy Fuel Energy Funding Consolidated Corp. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $17,613 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 17,613 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 1,840 - Maintenance - - - Depreciation and decommissioning - 6,061 - Income taxes $1 1,828 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 9,729 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) 7,884 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 67 $29,224 Minority interest - - - Taxes on nonoperating income - (27) - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 40 29,224 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1) 7,924 29,224 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - 29,224 Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - $29,224 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1) 7,924 - Retained earnings - beginning of year - (139) - Dividends declared on common stock (508) (2,678) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($509) $5,107 - ============================================================= ==================== ==================== ====================
422 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Interface Holdings Co. Marketing & Ltd Consolidated Trading, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $6 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 6 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 1 - - Maintenance - - - Depreciation and decommissioning - - - Income taxes - $1 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 5 (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 5 (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 5 (1) - Retained earnings - beginning of year 36 - - Dividends declared on common stock - (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $41 ($3) - ============================================================= ==================== ==================== ====================
423 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Mission El Dorado Energy EMP, Inc. Operation & Company (Inactive) Maintenace, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $29,460 $184 $7,993 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 29,460 184 7,993 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 25,416 739 200 Maintenance - - - Depreciation and decommissioning 53 212 - Income taxes 1,596 (321) (2,975) Property and other taxes 3 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 27,068 630 (2,775) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2,392 (446) 10,768 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 305 2 45 Minority interest - - - Taxes on nonoperating income (120) (59) (17) Other nonoperating income - net (1) 147 (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 184 90 26 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 2,576 (356) 10,794 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 2,576 (356) 10,794 Retained earnings - beginning of year 1,119 (7,682) (14,559) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $3,695 ($8,038) ($3,765) ============================================================= ==================== ==================== ====================
424 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Four Counties Gas Hanover Energy Holtsville Energy Company (Inactive) Company Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $2,096 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 2,096 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 920 - Maintenance - - - Depreciation and decommissioning - 126 - Income taxes - 446 $1 Property and other taxes - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 1,492 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 604 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - 4 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 4 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - 608 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - 608 (1) Retained earnings - beginning of year ($5) (354) (895) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($5) $256 ($896) ============================================================= ==================== ==================== ====================
425 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Indian Bay Energy Jefferson Energy Kings Canyon Company Company (Inactive) Energy Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - Income taxes $1 $1 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1) (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1) (1) - Retained earnings - beginning of year 40 189 ($5) Dividends declared on common stock - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $39 $188 ($5) ============================================================= ==================== ==================== ====================
426 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Kingspark Energy Laguna Energy La Jolla Energy Company Company (Inactive) Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes - ($28) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - (28) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 28 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - 28 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 81 - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 81 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - (53) - Retained earnings - beginning of year $243 (1,633) ($5) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $243 ($1,686) ($5) ============================================================= ==================== ==================== ====================
427 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Lakeview Energy Lehigh River Longview Company Energy Company Cogeneration Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes - ($19) $1 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - (19) 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 19 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income - (1) - Other nonoperating income - net - 2 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - 20 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - 20 (1) Retained earnings - beginning of year ($5) (8,578) (4) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($5) ($8,558) ($5) ============================================================= ==================== ==================== ====================
428 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Madera Energy Madison Energy Mission Capital LP Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $115 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 115 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 460 - Maintenance - - - Depreciation and decommissioning - 132 - Income taxes - 306 ($5,525) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 898 (5,525) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (783) 5,525 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - 13,953 Minority interest - - - Taxes on nonoperating income - - (5,525) Other nonoperating income - net - 964 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 964 8,428 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - 181 13,953 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - 13,953 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - $13,953 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 181 - Retained earnings - beginning of year ($8) 5 - Dividends declared on common stock - (50) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8) $136 - ============================================================= ==================== ==================== ====================
429 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission/Eagle Mission Energy Mission Energy Energy Company Construction Holdings, Inc. (Inactive) Services, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes $1 $12 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 12 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) (12) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1) (12) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - $217 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - 217 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1) (12) (217) Retained earnings - beginning of year (1) (1) (637) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2) ($13) ($854) ============================================================= ==================== ==================== ====================
430 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Energy Mission Energy Mission Energy Holdings Indonesia Mexico (Inactive) International Inc. (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $664,055 - - Diversified operations 42,224 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 706,279 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 176,954 - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 145,766 - - Maintenance - - - Depreciation and decommissioning 73,806 - - Income taxes 35,584 - - Property and other taxes 19,515 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 451,625 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 254,654 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 29,648 - - Minority interest (22,460) - - Other nonoperating income - net (9,757) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (2,569) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 252,085 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 148,197 - - Other interest expense 95 - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 148,292 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 103,793 - - Retained earnings - beginning of year 186,695 ($5) ($1,142) Dividends declared on common stock - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $290,488 ($5) ($1,142) ============================================================= ==================== ==================== ====================
431 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Energy New Mission Energy Mission Operations York, Inc. Wales Company de Mexico, S.A. de Consolidated C.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $3,450 $19,692 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 3,450 19,692 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 1,441 - - Maintenance - - - Depreciation and decommissioning 1,263 - - Income taxes (5,874) 12,251 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (3,170) 12,251 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 6,620 7,441 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 24 1,983 - Minority interest - - - Taxes on nonoperating income 245 (797) - Other nonoperating income - net (642) 31 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (373) 1,217 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 6,247 8,658 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 16,294 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 16,294 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (10,047) 8,658 - Retained earnings - beginning of year (41,569) 19,810 - Dividends declared on common stock - (20) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($51,616) $28,448 - ============================================================= ==================== ==================== ====================
432 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Triple North Jackson Northern Sierra Cycle Systems Energy Company Energy Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes $1 - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1) - - Retained earnings - beginning of year 154 ($2) $133 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $153 ($2) $133 ============================================================= ==================== ==================== ====================
433 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Ortega Energy Panther Timber Paradise Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes $1 - $1 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 - 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1) - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1) - (1) Retained earnings - beginning of year (6) $254 (57) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($7) $254 ($58) ============================================================= ==================== ==================== ====================
434 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Pleasant Valley Prince George Quartz Peak Energy Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations ($10) $4,362 $1,863 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (10) 4,362 1,863 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 643 920 989 Maintenance - - - Depreciation and decommissioning - 614 61 Income taxes (252) 1,073 338 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 391 2,607 1,388 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (401) 1,755 475 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - 109 Minority interest - - - Taxes on nonoperating income (2) - (43) Other nonoperating income - net 6 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 4 - 66 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (397) 1,755 541 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (397) 1,755 541 Retained earnings - beginning of year (798) (69) (671) Dividends declared on common stock - - 216 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,195) $1,686 $86 ============================================================= ==================== ==================== ====================
435 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Rapidan Energy Reeves Bay Energy Ridgecrest Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 818 - - Maintenance - - - Depreciation and decommissioning 4 - - Income taxes (315) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 507 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (505) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 58 - - Minority interest - - - Taxes on nonoperating income (30) - - Other nonoperating income - net 18 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 46 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (459) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (459) - - Retained earnings - beginning of year (1,504) ($671) ($8) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,963) ($671) ($8) ============================================================= ==================== ==================== ====================
436 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Rio Escondido Riverport Energy San Gabriel Energy Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - ($372) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - (372) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes $160 $1 (147) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 160 1 (147) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (160) (1) (225) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income 1,698 - - Minority interest - - - Taxes on nonoperating income (663) - - Other nonoperating income - net (24) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 1,011 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 851 (1) (225) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 851 (1) (225) Retained earnings - beginning of year (3,061) 75 (1,455) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,210) $74 ($1,680) ============================================================= ==================== ==================== ====================
437 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
San Joaquin Energy San Juan Energy San Pedro Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $13,187 $12,453 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 13,187 12,453 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 963 959 - Maintenance - - - Depreciation and decommissioning 30 90 - Income taxes (6,736) 4,554 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (5,743) 5,603 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 18,930 6,850 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 27,534 - - Minority interest - - - Taxes on nonoperating income (10,921) - - Other nonoperating income - net 47 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 16,660 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 35,590 6,850 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 29,034 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 29,034 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 6,556 6,850 - Retained earnings - beginning of year 2,779 3,664 ($8) Dividends declared on common stock (4,354) (3,026) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,981 $7,488 ($8) ============================================================= ==================== ==================== ====================
438 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Santa Ana Energy Santa Clara Energy Silverado Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - $1,218 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 1,218 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - 929 Maintenance - - - Depreciation and decommissioning - - 50 Income taxes - - 120 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 1,099 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - 119 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - 119 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - - 119 Retained earnings - beginning of year ($8) ($6) 1,398 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8) ($6) $1,517 ============================================================= ==================== ==================== ====================
439 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Silver Springs Sonoma Geothermal South Coast Energy Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $600 $6,754 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 600 6,754 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 920 922 Maintenance - - - Depreciation and decommissioning - - 4 Income taxes - (144) 2,307 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 776 3,233 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (176) 3,521 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 14 113 Minority interest - - - Taxes on nonoperating income - (6) 175 Other nonoperating income - net - - (556) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 8 (268) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - (168) 3,253 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - (168) 3,253 Retained earnings - beginning of year ($5) (1,718) 4,705 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($5) ($1,886) $7,958 ============================================================= ==================== ==================== ====================
440 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Southern Sierra Thorofare Energy Viejo Energy Energy Company Company (Inactive) Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $24,691 - $682 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 24,691 - 682 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 983 - 931 Maintenance - - - Depreciation and decommissioning 58 - 65 Income taxes (2,317) - (106) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (1,276) - 890 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 25,967 - (208) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 26,380 - - Minority interest - - - Taxes on nonoperating income (10,433) - - Other nonoperating income - net (31) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 15,916 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 41,883 - (208) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 29,100 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 29,100 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 12,783 - (208) Retained earnings - beginning of year 4,145 ($2) (203) Dividends declared on common stock (10,300) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $6,628 ($2) ($411) ============================================================= ==================== ==================== ====================
441 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Vista Energy Western Sierra Edison Mission Company (Inactive) Energy Company Energy - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $29,969 $25,582 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 29,969 25,582 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 1,000 65,141 Maintenance - - - Depreciation and decommissioning - 37 3,744 Income taxes ($82) (117) (28,583) Property and other taxes - - 81 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (82) 920 40,383 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 82 29,049 (14,801) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 252 25,991 23,399 Minority interest - - - Taxes on nonoperating income (100) (10,285) (989) Other nonoperating income - net - (18) (20,901) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 152 15,688 1,509 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 234 44,737 (13,292) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 29,150 51,540 Other interest expense 84 - - Allowance for borrowed funds used during construction - - - Capitalized interest - - (17,925) Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 84 29,150 33,615 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 150 15,587 (46,907) Retained earnings - beginning of year (1,348) 1,668 95,115 Dividends declared on common stock - (8,000) 178,632 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,198) $9,255 $226,840 ============================================================= ==================== ==================== ====================
442 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating Edison Mission Adjustments Energy Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $664,055 - Diversified operations ($61,734) 229,725 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (61,734) 893,780 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 176,954 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 19,260 278,681 - Maintenance - - - Depreciation and decommissioning (1) 87,339 - Income taxes 38,751 50,277 - Property and other taxes (19,258) 341 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 38,752 593,592 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (100,486) 300,188 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (162,289) 42,413 - Minority interest 19,691 (2,769) - Taxes on nonoperating income 39,230 (20,168) Other nonoperating income - net 28,487 8,520 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (74,881) 27,996 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (175,367) 328,184 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (161,108) 200,742 - Other interest expense (95) 84 - Allowance for borrowed funds used during construction - - - Capitalized interest - (17,925) - Dividends on subsidiary preferred securities (1,021) 13,149 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (162,224) 196,050 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (13,143) 132,134 - Retained earnings - beginning of year (115,043) 102,620 - Dividends declared on common stock (138,704) (409) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($266,890) $234,345 - ============================================================= ==================== ==================== ====================
443 Edison Mission Energy [Tier 4] Equity Investments December 31, 1998 (In thousands)
Name of Entity: American Bituminous Power Salinas River Smithtown Cogeneration, LP Partners, LP Cogeneration Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $78,147 $19,523 $4,976 Revenues $13,694 $7,329 - Net Income (Loss) ($1,000) $122 - Nature/Purpose of Business: To own an 80MW To own and operate a 38MW To own and operate power cogeneration facility in cogeneration facility in production facilities. Grant Town, WV. Monterey Co., CA. Ownership Interest(s): 49.5% by Aguila Energy 50% by Anacapa Energy 50% by Balboa Energy Company Company Company 0.5% by Pleasant Valley 50% by Kingspark Energy Energy Co. Company
444 Edison Mission Energy [Tier 4] Equity Investments December 31, 1998 (In thousands)
Name of Entity: TEVCO/Mission Bayonne Bretton Woods Watson Cogeneration Partnershp Cogeneration, LP Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $829 $717 $117,301 Revenues $164 - $102,561 Net Income (Loss) $164 - $34,824 Nature/Purpose of Business: To own a limited To own and operate power To own and operate a partnership interest in production facilities. 385MW cogeneration the Cogen Technologies NJ facility at ARCO's LA Venture. Refinery in Carson, CA Ownership Interest(s): 50% by Bergen Point 50% by Blue Ridge Energy 49% by Camino Energy Energy Company Company Company 50% by Bretton Woods Energy Company
445 Edison Mission Energy [Tier 4] Equity Investments December 31, 1998 (In thousands)
Name of Entity: James River Cogeneration Riverhead Cogeneration I, Delaware Clean Energy Company LP Project - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $34,538 $488 - Revenues $22,380 - - Net Income (Loss) $7,599 - - Nature/Purpose of Business: To own and operate the To own and operate power To own and operate power 110MW cogeneration production facilities. production facilities. facility in Hopewell, Chester County, VA. Ownership Interest(s): 50% by Capistrano 50% by Centerport Energy 50% by Chesapeake Bay Cogeneration Company Company Energy Company 50% by Ridgecrest Energy Company
446 Edison Mission Energy [Tier 4] Equity Investments December 31, 1998 (In thousands)
Name of Entity: Commonwealth Atlantic LP Oconee Energy, LP Mid-Set Cogenera-tion Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $58,597 - $11,026 Revenues $13,101 - $8,142 Net Income (Loss) $1,853 - $898 Nature/Purpose of Business: To own a 340MW power To own and operate power To own and operate a 38MW production facility in production facilities. cogeneration facility in Chesapeake, VA. Kern Co., CA Ownership Interest(s): 50% by Chickahominy 50% by Clayville Energy 50% by Del Mar Energy River Energy Corp. Company Company 50% by Coronado Energy Company
447 Edison Mission Energy [Tier 4] Equity Investments December 31, 1998 (In thousands)
Name of Entity: Auburndale Power Saguaro Power Company, LP Mission Interface Partners, LP Partnership - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $75,034 $50,727 $321 Revenues $24,800 $23,979 - Net Income (Loss) ($2,095) $3,910 $11 Nature/Purpose of To own and operate a To own and operate a To own and operate Business: 150MW power production 90MW cogeneration facility power product facilities facility in Florida. in Henderson, NV. Ownership Interest(s): 49% by Devereaux Energy 50% by Eastern Sierra 50% by Edison Mission Company Energy Co. Energy Interface, Ltd 1% by El Dorado Energy Company
448 Edison Mission Energy [Tier 4] Equity Investments December 31, 1998 (In thousands)
Name of Entity: Four Star Oil & Gas Brookhaven Cogeneration LP Riverhead Cogeneration Company III, LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $2,588 $432 Revenues - - - Net Income (Loss) - - - Nature/Purpose of Business: To own an interest in To own and operate power To own and operate power common stock of domestic production facilities. production facilities. oil & gas exploration and production co. Ownership Interest(s): 50.09% by Edison Mission 50% by Holtsville Energy 50% by Indian Bay Energy Energy Oil & Gas Company Company 50% by Madera Energy 50% by Santa Ana Energy Company Company
449 Edison Mission Energy [Tier 4] Equity Investments December 31, 1998 (In thousands)
Name of Entity: Georgia Peaker, LP Gordonsville Energy, LP Brooklyn Navy Yard Cogeneration Partners, LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $98,434 $251,221 Revenues - $18,694 $64,695 Net Income (Loss) - $3,379 ($8,353) Nature/Purpose of Business: To own and operate power To own and operate a To own and operate a production facilities. 240MW cogeneration 286MW power production facility in Gordonsville, facility near the VA. Brooklyn Bridge, NY. Ownership Interest(s): 50% by Lakeview Energy 49% by Madison Energy 50% by Mission Energy New Company Company York, Inc. 50% by Silver Springs 1% by Rapidan Energy Energy Company Company
450 Edison Mission Energy [Tier 4] Equity Investments December 31, 1998 (In thousands)
Name of Entity: Triple Cycle Partnership Sobel Cogeneration Company American Kiln Partners, LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Nature/Purpose of Business: To own 25% interest in Currently is inactive. Currently is inactive. partnership that has rights to a proprietary technology. Ownership Interest(s): 50% by Mission Triple 50% by Northern Sierra 2% by Panther Timber Cycle Systems Company Energy Company Company 49.5% of 53% by Aguila Energy Company 0.5% of 53% by Pleasant Valley Energy Company
451 Edison Mission Energy [Tier 4] Equity Investments December 31, 1998 (In thousands)
Name of Entity: Hopewell Cogeneration, LP Hopewell Cogeneration, Nevada Sun-Peak LP Inc. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $43,593 $423 $29,372 Revenues $14,682 $143 $6,187 Net Income (Loss) $4,529 $44 $1,805 Nature/Purpose of Business: To own and operate a To own and operate a To own 50% of the 210MW 356MW cogeneration 356MW cogeneration independent power facility in Chester Co., facility in Chester Co., production plant near Las VA. VA. Vegas, NV. Ownership Interest(s): 24.75% by Prince George 25% by Prince George 50% by Quartz Peak Energy Energy Co. Energy Co. Company 1% by Hopewell Cogeneration, Inc.
452 Edison Mission Energy [Tier 4] Equity Investments December 31, 1998 (In thousands)
Name of Entity: North Shore Energy, LP Riverhead Cogeneration Midway-Sunset II, LP Cogeneration Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,729 $633 $61,103 Revenues - - $40,711 Net Income (Loss) - - $13,415 Nature/Purpose of Business: To own and operate power To own and operate power To own and operate a production facilities. production facilities. 225MW cogeneration facility near Taft in Kern County, CA. Ownership Interest(s): 50% by Reeves Bay Energy 50% by Riverport Energy 50% by San Joaquin Energy Company Company Company 50% by Santa Clara Energy 50% by San Pedro Energy Company Company
453 Edison Mission Energy [Tier 4] Equity Investments December 31, 1998 (In thousands)
Name of Entity: March Point Cogeneration Coalinga Cogeneration Geothermal Energy Company Company Partners, Ltd - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $63,638 $17,010 $2,945 Revenues $39,737 $8,836 $1,221 Net Income (Loss) $12,397 $975 $607 Nature/Purpose of Business: To own and operate a To own and operate a 38MW To own and operate a 20MW 140MW cogeneration cogeneration facility in geothermal facility in facility in Anacortes, WA. Fresno County, CA. Cloverdale, CA. Ownership Interest(s): 50% by San Juan Energy 50% by Silverado Energy 5% by Sonoma Geothermal Company Company Company
454 Edison Mission Energy [Tier 4] Equity Investments December 31, 1998 (In thousands)
Name of Entity: Harbor Cogeneration Kern River Cogeneration TM Star Fuel Company Company Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $13,541 $63,366 $946 Revenues $15,333 $77,373 $9,819 Net Income (Loss) $5,670 $24,361 $1,220 Nature/Purpose of Business: To own and operate a 80MW To own and operate a To own a 50% interest in cogeneration facility at 300MW Kern River (Omar a domestic oil and gas Wilmington Oil Field in Hill) cogeneration exploration and LA, CA. facility at Texaco's Kern production company. River Oil Field near Bakersfield, CA. Ownership Interest(s): 30% by South Coast Energy 50% by Southern Sierra 50% by Southern Sierra Company Energy Company Gas Company
455 Edison Mission Energy [Tier 4] Equity Investments December 31, 1998 (In thousands)
Name of Entity: Sargent Canyon Sycamore Cogeneration Cogeneration Company Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $20,397 $84,081 - Revenues $7,775 $85,350 - Net Income (Loss) $550 $30,901 - Nature/Purpose of Business: To own and operate a 38MW To own and operate a - cogeneration facility in 300MW cogeneration Monterey Co, CA facility at Texaco's Kern River Oil Field near Bakersfield, CA. Ownership Interest(s): 50% by Viejo Energy 50% by Western Sierra - Company Energy Co.
456 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Fuel Energy Oil & Gas Energy Petroleum - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $68,697 $62,809 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 68,697 62,809 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 43 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 43 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $68,697 $62,852 ============================================================= ==================== ==================== ====================
457 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Pocono Fuels Southern Sierra Consolidating Company (Inactive) Gas Company Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $140 ($68,697) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 140 (68,697) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $140 ($68,697) ============================================================= ==================== ==================== ====================
458 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Energy Fuel Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $62,949 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 62,949 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 43 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 43 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $62,992 - - ============================================================= ==================== ==================== ====================
459 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Fuel Energy Oil & Gas Energy Petroleum - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $33,235 $61,953 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 36,910 3,920 ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 70,145 65,873 (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 70,145 65,873 (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable (3,739) (3,213) - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - 826 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (3,739) (2,387) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,291 (634) 5 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 2,291 (634) $5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $68,697 $62,852 - ============================================================= ==================== ==================== ====================
460 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Pocono Fuels Southern Sierra Consolidating Company (Inactive) Gas Company Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $1,637 - ($33,235) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 541 $651 (36,910) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 2,178 651 (70,145) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 2,178 651 (70,145) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable (2,741) (498) 3,739 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (2,741) (498) 3,739 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 563 (13) (2,291) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits $563 (13) (2,291) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $140 ($68,697) ============================================================= ==================== ==================== ====================
461 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Energy Fuel Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $63,590 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 5,107 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 68,697 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 68,697 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable (6,452) - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities 826 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (5,626) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (79) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (79) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $62,992 - - ============================================================= ==================== ==================== ====================
462 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Fuel Energy Oil & Gas Energy Petroleum - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $16,380 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 16,380 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 920 - Maintenance - - - Depreciation and decommissioning - 6,061 - Income taxes $1 1,688 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 8,669 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) 7,711 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 67 - Taxes on nonoperating income - (27) - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 40 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1) 7,751 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1) 7,751 - Retained earnings - beginning of year 31,664 (1,153) ($5) Dividends declared on common stock 5,247 (2,678) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $36,910 $3,920 ($5) ============================================================= ==================== ==================== ====================
463 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Pocono Fuels Southern Sierra Consolidating Company (Inactive) Gas Company Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $1,233 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 1,233 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 920 - Maintenance - - - Depreciation and decommissioning - - - Income taxes $1 139 ($1) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 1,059 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) 174 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1) 174 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1) 174 1 Retained earnings - beginning of year 542 477 (31,664) Dividends declared on common stock - - (5,247) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $541 $651 ($36,910) ============================================================= ==================== ==================== ====================
464 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Mission Energy Fuel Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $17,613 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue $17,613 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 1,840 - - Maintenance - - - Depreciation and decommissioning 6,061 - - Income taxes 1,828 - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 9,729 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 7,884 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 67 - - Taxes on nonoperating income (27) - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 40 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 7,924 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 7,924 - - Retained earnings - beginning of year (139) - - Dividends declared on common stock (2,678) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $5,107 - - ============================================================= ==================== ==================== ====================
465 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Chestnut Ridge Mission Energy EME Homer City Energy Company Westside, Inc. Generation LP [5] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
466 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Edison Mission Consolidating Finance Co. Holdings Co. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
467 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Holdings Co. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
468 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Chestnut Ridge Mission Energy EME Homer City Energy Company Westside, Inc. Generation LP [5] - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - $3 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings - (3) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - - - ============================================================= ==================== ==================== ====================
469 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Edison Mission Consolidating Finance Co. Holdings Co. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - - - ============================================================= ==================== ==================== ====================
470 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Holdings Co. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $3 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (3) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - - - ============================================================= ==================== ==================== ====================
471 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Chestnut Ridge Mission Energy EME Homer City Energy Company Westside, Inc. Generation LP [5] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes - $1 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - (1) - Retained earnings - beginning of year - (2) - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($3) - ============================================================= ==================== ==================== ====================
472 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Mission Edison Mission Consolidating Finance Co. Holdings Co. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes - - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - ============================================================= ==================== ==================== ====================
473 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Mission Holdings Co. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes $1 - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1) - - Retained earnings - beginning of year (2) - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($3) - - ============================================================= ==================== ==================== ====================
474 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Chickahominy River Hanover Energy Consolidating Energy Corp. Company Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $10,524 $5,497 ($5,497) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 10,524 5,497 (5,497) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 67 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 14 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 81 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $10,605 $5,497 ($5,497) ============================================================= ==================== ==================== ====================
475 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Hanover Energy Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $10,524 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 10,524 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 67 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 14 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 81 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $10,605 - - ============================================================= ==================== ==================== ====================
476 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Chickahominy River Hanover Energy Consolidating Energy Corp. Company Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $5,241 $4,914 ($4,914) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 256 581 (581) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 5,497 5,495 (5,495) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 5,497 5,495 (5,495) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable (217) 2 (2) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (217) 2 (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 5,325 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 5,325 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $10,605 $5,497 ($5,497) ============================================================= ==================== ==================== ====================
477 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1998 (In thousands)
Hanover Energy Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $5,241 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 256 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 5,497 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 5,497 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable (217) - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (217) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 5,325 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 5,325 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $10,605 - - ============================================================= ==================== ==================== ====================
478 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Chickahominy River Hanover Energy Consolidating Energy Corp. Company Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $2,096 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 2,096 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 920 - - Maintenance - - - Depreciation and decommissioning 126 - - Income taxes 446 $1 ($1) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,492 1 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 604 (1) 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net 4 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 4 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 608 (1) 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 608 (1) 1 Retained earnings - beginning of year (354) (28) 28 Dividends declared on common stock - 610 (610) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $256 $581 ($581) ============================================================= ==================== ==================== ====================
479 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Hanover Energy Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $2,096 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 2,096 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 920 - - Maintenance - - - Depreciation and decommissioning 126 - - Income taxes 446 - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,492 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 604 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net 4 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 4 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 608 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 608 - - Retained earnings - beginning of year (354) - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $256 - - ============================================================= ==================== ==================== ====================
MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
Beheer-en Edison Mission Edison Mission Beleggingsmaat Energy Asia Pte Energy International chappij Botara B.V. Ltd. Consolidated B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $1,211 $140 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 151,859 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 153,070 140 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $21 2,132 108 Receivables, including unbilled revenue, net of allowance for uncollectible Accounts - 596 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 909 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 21 3,637 108 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 887 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 887 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $21 $157,594 $248 ============================================================= ==================== ==================== ====================
481 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Edison Mission EME Tri Gen B.V. Mission Operations & Energy Maintenance Services B.V. Services B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $1,501 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - 1,501 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $17 $227 16 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 17 227 16 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $17 $227 $1,517 ============================================================= ==================== ==================== ====================
482 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
EME Victoria B.V. Global Generation Hydro Energy B.V. B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - $117,422 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - 117,422 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $3 $21 12,950 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - 5,979 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 860 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3 21 19,789 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - 5,663 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 5,663 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3 $21 $142,874 ============================================================= ==================== ==================== ====================
483 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
Iberian Latrobe Power Pty. Loy Yang Holdings Hy-Power Amsterdam Ltd. Consolidated Pty Ltd. B.V. Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $137,067 $1,228,469 $578 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (81,781) 2,631 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 137,067 1,146,688 3,209 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 13,259 23,811 1,802 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 6,090 11,499 27 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 860 9,446 72 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 20,209 44,756 1,901 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 8,693 15,921 7,033 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 8,693 15,921 7,033 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $165,969 $1,207,365 $12,143 ============================================================= ==================== ==================== ====================
484 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Esenyurt B.V. MEC IES B.V. MEC India B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject To cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not Subject to cost-based rate regulation - - - Accumulated provision for depreciation And decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated Provision for depreciation $160,556 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $6 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 160,556 6 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 280 9 $21 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 317 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 137 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 734 9 21 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 532 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 532 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $161,822 $15 $21 ============================================================= ==================== ==================== ====================
485 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Indo Coal B.V. MEC Indonesia B.V. MEC International Holdings B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $22,553 $125,694 $5,295 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 22,553 125,694 5,295 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1,360 23 34 Receivables, including unbilled revenue, net of allowance for uncollectible Accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,360 23 34 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 61 1,006 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 61 1,006 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $23,974 $126,723 $5,329 ============================================================= ==================== ==================== ====================
486 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Laguna Power MEC Perth B.V. MEC Priolo B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $73,626 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $3,340 - $16,517 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 3,340 73,626 16,517 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 6,337 1,487 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 2,333 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 2,832 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 11,502 1,487 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 30 2,703 111 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 30 2,703 111 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3,370 $87,831 $18,115 ============================================================= ==================== ==================== ====================
487 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC San Pascual MEC Sidi Krir B.V. MEC Sumatra B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $2,276 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 2,276 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $20 $18 Receivables, including unbilled revenue, net of allowance for uncollectible Accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 20 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 16 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 16 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,292 $20 $18 ============================================================= ==================== ==================== ====================
488 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Wales B.V. Mission Energy Mission Energy Consolidated Company (UK) Italia s.r.l. Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,083,705 $170,098 $119 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (25,049) 17,432 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 1,058,656 187,530 119 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 48,574 85,343 25 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 39,452 13,780 211 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6,018 2,741 221 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 94,044 101,864 457 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 339,917 5,084 22 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 339,917 5,084 22 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,492,617 $294,478 $598 ============================================================= ==================== ==================== ====================
489 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
Pride Hold Limited Rillington Southwestern Consolidated Holdings Limited Generation B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $149,390 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $218,976 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 149,390 218,976 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 58,045 6,279 $21 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 12,474 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 543 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 71,062 6,279 21 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 4,596 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 4,596 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $225,048 $225,255 $21 ============================================================= ==================== ==================== ====================
490 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
Traralgon Power MEC International Consolidating Pty. Ltd. B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not Subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated Provision for depreciation - $2,382 ($260,694) Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $79,150 1,251,723 (1,309,376) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 79,150 1,254,105 (1,570,070) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 104,008 (71,011) Receivables, including unbilled revenue, net of allowance for uncollectible Accounts - 29 (18,454) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 2 (1,380) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 104,039 (90,845) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 413 (10,258) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 413 (10,258) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $79,150 $1,358,557 ($1,671,173) ============================================================= ==================== ==================== ====================
491 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC International B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $2,864,069 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 482,749 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 3,346,818 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 295,240 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 74,333 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 23,261 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 392,834 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 382,430 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 382,430 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $4,122,082 - - ============================================================= ==================== ==================== ====================
492 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
Beheer-en Edison Mission Edison Mission Beleggingsmaa Energy Asia Pte Energy tschappi Botara B.V. Ltd Consolidated International B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $21 $149,372 $56 Additional Paid in Capital - 1,485 - Accumulated other comprehensive income: Cumulative translation adjustments - net - (42) - Unrealized gain in equity investments - net - - - Retained Earnings - 6,664 (421) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 21 157,479 (365) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 21 157,479 (365) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - 17 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable - (1,686) 826 Accrued taxes - 1,348 (213) Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (338) 613 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 421 - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 421 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 15 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $21 $157,594 $248 ============================================================= ==================== ==================== ====================
493 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Edison Mission EME Tri Gen B.V. Energy Services Operation & B.V. Maintenance Services B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $19 $19 $17 Additional Paid in Capital - 206 1,503 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (4) (1) (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 15 224 1,515 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 15 224 1,515 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 4 4 5 Accrued taxes (2) (1) (3) Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 2 3 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $17 $227 $1,517 ============================================================= ==================== ==================== ====================
494 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
EME Victoria B.V. Global Generation Hydro Energy B.V. B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $21 $21 $25 Additional Paid in Capital - - 8,746 Accumulated other comprehensive income: Cumulative translation adjustments - net - - (32,418) Unrealized gain in equity investments - net - - - Retained Earnings (19) - (2,990) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 2 21 (26,637) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - 132,837 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 2 21 106,200 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 12,308 Short-term debt - - - Accounts payable 11 - 473 Accrued taxes (10) - 1,069 Accrued interest - - 1,129 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1 - 14,979 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 9,801 Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - - 11,464 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - 21,265 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - 430 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $3 $21 $142,874 ============================================================= ==================== ==================== ====================
495 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
Iberian Latrobe Power Pty. Loy Yang Holdings Hy-Power Amsterdam Ltd. Consolidated Pty Ltd. B.V. Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($500) - - Additional Paid in Capital 9,711 $78,354 - Accumulated other comprehensive income: Cumulative translation adjustments - net (3,403) (57,376) ($2,483) Unrealized gain in equity investments - net - - - Retained Earnings (1,442) 87,219 10,014 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 4,366 108,197 7,531 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 122,904 901,410 3,093 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 127,270 1,009,607 10,624 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 12,308 14,503 71 Short-term debt - - - Accounts payable 3,066 (318,511) (12,778) Accrued taxes 499 (63) - Accrued interest 1,129 15,528 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 17,002 (288,543) (12,707) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 9,801 (46) 13,995 Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits 11,464 486,633 231 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 21,265 486,587 14,226 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 432 (286) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $165,969 $1,207,365 $12,143 ============================================================= ==================== ==================== ====================
496 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Esenyurt B.V. MEC IES B.V. MEC India B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $31 $25 $23 Additional Paid in Capital 29,802 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (244) - - Unrealized gain in equity investments - net - - - Retained Earnings 58 (135) (20) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 29,647 (110) 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 102,931 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 132,578 (110) 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 8,243 - - Short-term debt - - - Accounts payable 8,629 197 27 Accrued taxes (24) (72) (9) Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 16,848 125 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits 4,993 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 4,993 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 7,403 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $161,822 $15 $21 ============================================================= ==================== ==================== ====================
497 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Indo Coal B.V. MEC Indonesia B.V. MEC International Holdings B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $22 $21 $21 Additional Paid in Capital 17,426 126,849 4,781 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings 4,044 (113) 514 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 21,492 126,757 5,316 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 21,492 126,757 5,316 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 5 11 27 Accrued taxes 143 (45) (14) Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 148 (34) 13 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,334 - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 2,334 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $23,974 $126,723 $5,329 ============================================================= ==================== ==================== ====================
498 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Laguna Power MEC Perth B.V. MEC Priolo B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $23 $23 $21 Additional Paid in Capital 3,324 - 17,928 Accumulated other comprehensive income: Cumulative translation adjustments - net - (5,640) 187 Unrealized gain in equity investments - net - - - Retained Earnings (17) 6,544 (484) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 3,330 927 17,652 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 82,172 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 3,330 83,099 17,652 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 2,403 - Short-term debt - - - Accounts payable 49 (17,841) 280 Accrued taxes (9) - 183 Accrued interest - 2,949 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 40 (12,489) 463 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 10,313 - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - 6,622 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 16,935 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 286 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $3,370 $87,831 $18,115 ============================================================= ==================== ==================== ====================
499 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC San Pascual MEC Sidi Krir B.V. MEC Sumatra B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $23 $26 $26 Additional Paid in Capital 2,276 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (19) (18) (20) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 2,280 8 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 2,280 8 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Accounts payable 21 19 19 Accrued taxes (9) (7) (7) Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 12 12 12 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $2,292 $20 $18 ============================================================= ==================== ==================== ====================
500 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Wales B.V. Mission Energy Mission Energy Consolidated Company (UK) Italia s.r.l. Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $276,698 $22,751 $13 Additional Paid in Capital - 11,620 - Accumulated other comprehensive income: Cumulative translation adjustments - net 33,278 6,046 20 Unrealized gain in equity investments - net - - - Retained Earnings 143,538 37,855 192 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 453,514 78,272 225 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 665,120 148,566 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 1,118,634 226,838 225 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 29,930 22,676 - Short-term debt - - - Accounts payable (132,866) 6,817 167 Accrued taxes 53,008 321 206 Accrued interest 24,983 3,351 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (24,945) 33,165 373 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,443 25,649 - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits 36,267 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 317,710 25,649 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 81,218 8,826 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,492,617 $294,478 $598 ============================================================= ==================== ==================== ====================
501 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
Pride Hold Limited Rillington Southwestern Consolidated Holdings Limited Generation B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - $21 Additional Paid in Capital $153 $224,308 - Accumulated other comprehensive income: Cumulative translation adjustments - net (1,439) - - Unrealized gain in equity investments - net - - - Retained Earnings 38,652 162 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 37,366 224,470 21 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 117,715 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 155,081 224,470 21 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 22,676 - - Short-term debt - - - Account payable 10,235 700 - Accrued taxes (426) 85 - Accrued interest 3,351 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 35,836 785 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 25,649 - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 25,649 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 8,482 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $225,048 $225,255 $21 ============================================================= ==================== ==================== ====================
502 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
Traralgon Power MEC International Consolidating Pty. Ltd B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $133,131 ($448,839) Additional Paid in Capital - 645,265 (538,472) Accumulated other comprehensive income: Cumulative translation adjustments - net ($25,828) 81,878 29,989 Unrealized gain in equity investments - net - - - Retained Earnings (2,387) (4,582) (32,293) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (28,215) 855,692 (989,615) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 133,068 - (598,698) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 104,853 855,692 (1,588,313) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - (17) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 2,705 (34,984) Short-term debt - - - Account payable (9,585) 505,959 (10,735) Accrued taxes - (5,531) (51,118) Accrued interest - - (4,481) Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (9,585) 503,133 (101,318) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (16,118) (268) 16,563 Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - - (11,566) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (16,118) (268) 4,997 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - 13,478 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $79,150 $1,358,557 ($1,671,173) ============================================================= ==================== ==================== ====================
503 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC International B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $133,131 - - Additional Paid in Capital 645,265 - - Accumulated other comprehensive income: Cumulative translation adjustments - net 22,525 - - Unrealized gain in equity investments - net - - - Retained Earnings 290,488 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 1,091,409 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 1,811,118 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 2,902,527 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 92,839 - - Short-term debt - - - Account payable 33,549 - - Accrued taxes (701) - - Accrued interest 47,939 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 173,626 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 379,537 - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits 546,108 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 925,645 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 120,284 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $4,122,082 - - ============================================================= ==================== ==================== ====================
504 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Beheer-en Edison Mission Edison Mission Beleggingsmaa Energy Asia Pte Energy tchappij Botara B.V. Ltd. Consolidated International B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $20,814 $322 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 20,814 322 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 17,557 940 Maintenance - - - Depreciation and decommissioning - 413 12 Income taxes - (43) (220) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 17,927 732 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 2,887 (410) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 1,987 2 Minority interest - - - Taxes on nonoperating income - (537) (1) Other nonoperating income - net - (134) (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 1,316 (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - 4,203 (412) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - (88) - Other interest expense - 71 Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - (17) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - 4,220 (412) Retained earnings - beginning of year - 2,444 (9) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $6,664 ($421) ============================================================= ==================== ==================== ====================
505 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Mission Edison Mission EME Tri Gen B.V. Energy Services Operation & B.V. Maintenance Services B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $7 $4 $10 Maintenance - - - Depreciation and decommissioning - - - Income taxes (3) (1) (3) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 4 3 7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (4) (3) (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net 2 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 2 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (4) (1) (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (4) (1) (5) Retained earnings - beginning of year - - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($4) ($1) ($5) ============================================================= ==================== ==================== ====================
506 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
EME Victoria B.V. Global Generation Hydro Energy B.V. B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - $24,069 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 24,069 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $17 - 3,782 Maintenance - - - Depreciation and decommissioning - - 3,878 Income taxes (6) - 5,026 Property and other taxes - - 109 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 11 - 12,795 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (11) - 11,274 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - 472 Minority interest - - (167) Taxes on nonoperating income - - (165) Other nonoperating income - net (5) - 809 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (5) - 949 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (16) - 12,223 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - 5,772 Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - 5,772 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (16) - 6,451 Retained earnings - beginning of year (3) - 2 Dividends declared on common stock - - (9,443) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($19) - ($2,990) ============================================================= ==================== ==================== ====================
507 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Iberian Latrobe Power Pty. Loy Yang Holdings Hy-Power Amsterdam Ltd. Consolidated Pty. Ltd. B.V. Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $24,068 $161,213 - Diversified operations - - $12,093 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 24,068 161,213 12,093 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 21,522 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 3,803 20,893 14,094 Maintenance - - - Depreciation and decommissioning 3,935 27,617 410 Income taxes 4,836 6,344 (770) Property and other taxes 109 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 12,683 76,376 13,734 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 11,385 84,837 (1,641) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 700 19,469 316 Minority interest (167) - - Taxes on nonoperating income (245) (7,009) (110) Other nonoperating income - net (64) - (22) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 224 12,460 184 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 11,609 97,297 (1,457) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 6,213 64,052 - Other interest expense - - 6 Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 6,213 64,052 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 5,396 33,245 (1,463) Retained earnings - beginning of year 2,605 53,974 11,477 Dividends declared on common stock (9,443) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,442) $87,219 $10,014 ============================================================= ==================== ==================== ====================
508 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC Esenyurt B.V. MEC IES B.V MEC India B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 $114 $1 Maintenance - - - Depreciation and decommissioning - - - Income taxes (1) (40) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2 74 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2) (74) (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 1 - 1 Minority interest - - - Other nonoperating income - net (26) (14) (6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (25) (14) (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (27) (88) (6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (27) (88) (6) Retained earnings - beginning of year 85 (47) (14) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $58 ($135) ($20) ============================================================= ==================== ==================== ====================
509 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC Indo Coal B.V. MEC Indonesia B.V. MEC International Holdings B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $1,335 - $7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 1,335 - 7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 1 $1 2 Maintenance - - - Depreciation and decommissioning 625 - - Income taxes 253 - (1) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 879 1 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 456 (1) 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income 76 - - Minority interest - - - Taxes on nonoperating income (27) - - Other nonoperating income - net 190 (8) (10) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 239 (8) (10) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 695 (9) (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 695 (9) (4) Retained earnings - beginning of year 3,349 (104) 518 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,044 ($113) $514 ============================================================= ==================== ==================== ====================
510 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC Laguna Power MEC Perth B.V. MEC Priolo B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $38,094 - Diversified operations - 42 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 38,136 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 20,128 - Purchased power - - - Provisions for regulatory adjustment Clauses - net - - - Other operating expenses $1 3,377 $7 Maintenance - - - Depreciation and decommissioning - 3,412 - Income taxes - 1,643 39 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 28,560 46 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) 9,576 (46) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - Interest and dividend income - 752 61 Minority interest - (50) - Taxes on nonoperating income - (271) (21) Other nonoperating income - net (6) - (63) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (6) 431 (23) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (7) 10,007 (69) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 6,913 - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 6,913 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (7) 3,094 (69) Retained earnings - beginning of year (10) 3,450 (415) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($17) $6,544 ($484) ============================================================= ==================== ==================== ====================
511 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC San Pascual MEC Sidi Krir B.V. MEC Sumatra B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $1 $1 $1 Maintenance - - - Depreciation and decommissioning - - - Income taxes - - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 1 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) (1) (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net (6) (5) (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (6) (5) (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (7) (6) (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (7) (6) (8) Retained earnings - beginning of year (12) (12) (12) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($19) ($18) ($20) ============================================================= ==================== ==================== ====================
512 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC Wales B.V. Mission Energy Mission Energy Consolidated Company (UK) Italia s.r.l. Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $343,426 $97,254 - Diversified operations - 22,264 $3,034 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 343,426 119,518 3,034 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 92,010 43,276 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 69,315 29,114 2,709 Maintenance - - - Depreciation and decommissioning 25,575 10,595 37 Income taxes 16,089 5,716 190 Property and other taxes 17,063 2,342 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 220,052 91,043 2,936 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 123,374 28,475 98 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 10,814 4,558 2 Minority interest (19,692) (2,706) - Taxes on nonoperating income (3,598) (1,413) (1) Other nonoperating income - net 452 78 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (12,024) 517 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 111,350 28,992 99 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,231 13,933 - Other interest expense 95 - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,326 13,933 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 51,024 15,059 99 Retained earnings - beginning of year 95,792 19,518 93 Dividends declared on common stock (3,278) 3,278 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $143,538 $37,855 $192 ============================================================= ==================== ==================== ====================
513 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Pride Hold Limited Rillington Southwestern Consolidated Holdings Limited Generation B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $97,254 - - Diversified operations 1,306 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 98,560 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 43,276 - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 13,922 - - Maintenance - - - Depreciation and decommissioning 8,584 - - Income taxes 5,814 ($2) - Property and other taxes 2,073 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 73,669 (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 24,891 2 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income 1,623 246 - Minority interest (2,602) - - Taxes on nonoperating income (503) (86) - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (1,482) 160 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 23,409 162 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 11,906 - - Other interest expense 3 - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 11,909 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 11,500 162 - Retained earnings - beginning of year 27,152 - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $38,652 $162 - ============================================================= ==================== ==================== ====================
514 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Traralgon Power MEC International Consolidating Pty. Ltd. B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - ($121,323) Diversified operations - $2,178 (21,171) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 2,178 (142,494) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - (43,258) Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 1,450 (35,361) Maintenance - - - Depreciation and decommissioning - 1,179 (12,466) Income taxes $2,350 (10,534) (1,092) Property and other taxes - - (2,181) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2,350 (7,905) (94,358) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2,350) 10,083 (48,136) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 1,347 18,049 (30,828) Minority interest - 104 2,820 Taxes on nonoperating income (485) (6,317) 10,412 Other nonoperating income - net - 270 (804) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 862 12,106 (18,400) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1,488) 22,189 (66,536) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 25,591 (46,326) Other interest expense - - (80) Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 25,591 (46,406) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1,488) (3,402) (20,130) Retained earnings - beginning of year (899) (1,180) (31,047) Dividends declared on common stock - - 18,886 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,387) ($4,582) ($32,291) ============================================================= ==================== ==================== ====================
515 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC International B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $664,055 - - Diversified operations 42,224 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 706,279 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 176,954 - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 145,766 - - Maintenance - - - Depreciation and decommissioning 73,806 - - Income taxes 35,584 - - Property and other taxes 19,515 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 451,625 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 254,654 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 29,648 - - Minority interest (22,460) - - Taxes on nonoperating income (10,377) - - Other nonoperating income - net 620 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (2,569) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 252,085 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 148,197 - - Other interest expense 95 - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 148,292 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 103,793 - - Retained earnings - beginning of year 186,695 - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $290,488 - - ============================================================= ==================== ==================== ====================
516 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Asia Energy Fuel Operation & Pacific Pte Ltd. Company Pte Ltd. Maintenance Services Pte Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges $5 - $3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 5 - 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5 - $3 ============================================================= ==================== ==================== ====================
517 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
P.T. Edison Edison Mission Consolidating Mission Operation Energy Asia Pte Adjustments & Maintenance Ltd. Indonesia - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated Provision for depreciation $9 $1,202 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 152,595 ($736) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 9 153,797 (736) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 586 1,546 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 987 (391) - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 549 360 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2,122 1,515 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 879 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 879 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,131 $156,191 ($736) ============================================================= ==================== ==================== ====================
518 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Energy Asia Pte Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,211 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 151,859 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 153,070 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 2,132 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 596 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 909 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3,637 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 887 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 887 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $157,594 - - ============================================================= ==================== ==================== ====================
519 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Asia Energy Fuel Operation & Pacific Pte Ltd. Company Pte Ltd. Maintenance Services Pte Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings - - ($4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - - (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable $5 - 5 Accrued taxes - - 2 Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 5 - 7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $5 - $3 ============================================================= ==================== ==================== ====================
520 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
P.T. Edison Edison Mission Consolidating Mission Operation Energy Asia Pte Adjustments & Maintenance Ltd. Indonesia - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $149,372 - Additional Paid in Capital $1,500 1,485 ($1,500) Accumulated other comprehensive income: Cumulative translation adjustments - net - (42) - Unrealized gain in equity investments - net - - - Retained Earnings 601 5,318 749 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 2,101 156,133 (751) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 2,101 156,133 (751) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - 17 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable (855) (841) - Accrued taxes 885 461 - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 30 (380) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 421 - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 421 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - 15 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $2,131 $156,191 ($736) ============================================================= ==================== ==================== ====================
521 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Energy Asia Pte Ltd. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $149,372 - - Additional Paid in Capital 1,485 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (42) - - Unrealized gain in equity investments - net - - - Retained Earnings 6,664 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 157,479 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 157,479 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities 17 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable (1,686) - - Accrued taxes 1,348 - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (338) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 421 - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 421 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 15 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $157,594 - - ============================================================= ==================== ==================== ====================
522 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Asia Energy Fuel Operations & Pacific Pte Ltd Company Pte Ltd. Maintenance Services Pte Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - $1,436 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 1,436 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment Clauses - net - - - Other operating expenses - - 1,439 Maintenance - - - Depreciation and decommissioning - - - Income taxes - - 1 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 1,440 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - - (4) Retained earnings - beginning of year - - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - ($4) ============================================================= ==================== ==================== ====================
523 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
P.T. Edison Edison Mission Consolidating Mission Operation Energy Asia Pte Adjustments & Maintenance Ltd. Indonesia - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $5,794 $15,020 ($1,436) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 5,794 15,020 (1,436) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 4,847 12,707 (1,436) Maintenance - - - Depreciation and decommissioning - 413 - Income taxes 527 (571) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 5,374 12,549 (1,436) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 420 2,471 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 13 1,974 - Minority interest - - - Taxes on nonoperating income (4) (533) - Other nonoperating income - net (132) (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (123) 1,439 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 297 3,910 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (88) - - Other interest expense - 71 - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (88) 71 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 385 3,839 - Retained earnings - beginning of year 965 1,479 - Dividends declared on common stock (749) - 749 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $601 $5,318 $749 ============================================================= ==================== ==================== ====================
524 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Mission Energy Asia Pte Ltd. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $20,814 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 20,814 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 17,557 - - Maintenance - - - Depreciation and decommissioning 413 - - Income taxes (43) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 17,927 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2,887 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 1,987 - - Minority interest - - - Taxes on nonoperating income (537) - - Other nonoperating income - net (134) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 1,316 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 4,203 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (88) - - Other interest expense 71 - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (17) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 4,220 - - Retained earnings - beginning of year 2,444 - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $6,664 - - ============================================================= ==================== ==================== ====================
525 MEC International B.V. Hydro Energy B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Hydro Energy B.V. Iberica de Consolidating Energias S.A. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $117,422 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $24,871 - ($24,871) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 24,871 117,422 (24,871) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1 12,949 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 5,979 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 860 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1 19,788 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 5,663 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 5,663 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $24,872 $142,873 ($24,871) ============================================================= ==================== ==================== ====================
526 MEC International B.V. Hydro Energy B.V.and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Hydro Energy B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $117,422 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 117,422 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 12,950 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,979 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 860 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 19,789 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 5,663 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 5,663 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $142,874 - - ============================================================= ==================== ==================== ====================
527 MEC International B.V. Hydro Energy B.V.and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Hydro Energy B.V. Iberica de Consolidating Energias S.A. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $25 $23,387 ($23,387) Additional Paid in Capital - 8,746 - Accumulated other comprehensive income: Cumulative translation adjustments - net 318 (3,721) (29,015) Unrealized gain in equity investments - net - - - Retained Earnings (9,824) (2,609) 9,443 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (9,481) 25,803 (42,959) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 33,693 81,056 18,088 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 24,212 106,859 (24,871) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 662 11,646 - Short-term debt - - - Account payable 28 445 - Accrued taxes (30) 1,099 - Accrued interest - 1,129 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 660 14,319 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 9,801 - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - 11,464 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 21,265 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 430 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $24,872 $142,873 ($24,871) ============================================================= ==================== ==================== ====================
528 MEC International B.V. Hydro Energy B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Hydro Energy B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $25 - - Additional Paid in Capital 8,746 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (32,418) - - Unrealized gain in equity investments - net - - - Retained Earnings (2,990) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (26,637) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 132,837 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 106,200 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 12,308 - - Short-term debt - - - Account payable 473 - - Accrued taxes 1,069 - - Accrued interest 1,129 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 14,979 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 9,801 - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits 11,464 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 21,265 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 430 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $142,874 - - ============================================================= ==================== ==================== ====================
529 MEC International B.V. Hydro Energy B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Hydro Energy B.V. Iberica de Consolidating Energias S.A. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $24,069 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 24,069 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $1 3,781 - Maintenance - - - Depreciation and decommissioning - 3,878 - Income taxes (28) 5,054 - Property and other taxes - 109 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (27) 12,822 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 11,247 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 472 - Minority interest - (167) - Taxes on nonoperating income - (165) - Other nonoperating income - net (3) 812 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (3) 952 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 24 12,199 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 80 5,692 - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 80 5,692 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (56) 6,507 - Retained earnings - beginning of year (325) 327 - Dividends declared on common stock (9,443) (9,443) $9,443 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9,824) ($2,609) $9,443 ============================================================= ==================== ==================== ====================
530 MEC International B.V. Hydro Energy B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Hydro Energy B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $24,069 - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 24,069 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 3,782 - - Maintenance - - - Depreciation and decommissioning 3,878 - - Income taxes 5,026 - - Property and other taxes 109 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 12,795 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 11,274 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 472 - - Minority interest (167) - - Taxes on nonoperating income (165) - - Other nonoperating income - net 809 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 949 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 12,223 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 5,772 - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 5,772 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 6,451 - - Retained earnings - beginning of year 2 - - Dividends declared on common stock (9,443) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,990) - - ============================================================= ==================== ==================== ====================
531 MEC International B.V. Hydro Energy B.V. Iberica de Energias, S.A. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Iberica de Electro Consolidating Energias S.A. Metalurgica del Adjustments Ebro, S.A. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated Provision for depreciation $58,577 $7,393 $51,452 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 4,667 - (4,667) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 63,244 7,393 46,785 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 9,677 3,272 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 4,218 1,737 24 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 643 217 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 14,538 5,226 24 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 6,356 54,481 (55,174) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 6,356 54,481 (55,174) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $84,138 $67,100 ($8,365) ============================================================= ==================== ==================== ====================
532 MEC International B.V. Hydro Energy B.V. Iberica de Energias, S.A. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Iberica de Energias S.A. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $117,422 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 117,422 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 12,949 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,979 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 860 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 19,788 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 5,663 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 5,663 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $142,873 - - ============================================================= ==================== ==================== ====================
533 MEC International B.V. Hydro Energy B.V. Iberica de Energias, S.A. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Iberica de Electro Consolidating Energias S.A. Metalurgica del Adjustments Ebro, S.A. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $19,674 $83 $3,630 Additional Paid in Capital 8,746 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (546) 1,738 (4,913) Unrealized gain in equity investments - net - - - Retained Earnings (5,286) 2,677 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 22,588 4,498 (1,283) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 44,358 49,530 (12,832) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 44,358 49,530 (12,832) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 66,946 54,028 (14,115) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 2,667 8,979 - Short-term debt - - - Account payable 814 392 (761) Accrued taxes 838 143 118 Accrued interest 653 476 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4,972 9,990 (643) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 9,801 - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits 2,419 2,651 6,394 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 12,220 2,651 6,394 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 431 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $84,138 $67,100 ($8,365) ============================================================= ==================== ==================== ====================
534 MEC International B.V. Hydro Energy B.V. Iberica de Energias, S.A. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Iberica de Energias S.A. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $23,387 - - Additional Paid in Capital 8,746 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (3,721) - - Unrealized gain in equity investments - net - - - Retained Earnings (2,609) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 25,803 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 81,056 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 81,056 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 106,859 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 11,646 - - Short-term debt - - - Account payable 445 - - Accrued taxes 1,099 - - Accrued interest 1,129 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 14,319 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 9,801 - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits 11,464 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 21,265 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 430 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $142,873 - - ============================================================= ==================== ==================== ====================
535 MEC International B.V. Hydro Energy B.V. Iberica de Energias, S.A.and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Iberica de Electro Consolidating Energias S.A. Metalurgica del Adjustments Ebro, S.A. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $13,626 $10,443 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 13,626 10,443 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 2,907 874 - Maintenance - - - Depreciation and decommissioning 1,004 2,874 - Income taxes 5,119 (65) - Property and other taxes 56 53 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 9,086 3,736 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 4,540 6,707 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income 363 109 - Minority interest (167) - - Taxes on nonoperating income (127) (38) - Other nonoperating income - net 762 50 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 831 121 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 5,371 6,828 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 1,237 4,455 - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 1,237 4,455 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 4,134 2,373 - Retained earnings - beginning of year 23 304 - Dividends declared on common stock (9,443) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($5,286) $2,677 - ============================================================= ==================== ==================== ====================
536 MEC International B.V. Hydro Energy B.V. Iberica de Energias, S.A. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Eberica de Energias S.A. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $24,069 - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 24,069 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 3,781 - - Maintenance - - - Depreciation and decommissioning 3,878 - - Income taxes 5,504 - - Property and other taxes 109 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 12,822 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 11,247 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 472 - - Minority interest (167) - - Taxes on nonoperating income (165) - - Other nonoperating income - net 812 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 952 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 12,199 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 5,692 - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 5,692 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 6,507 - - Retained earnings - beginning of year 327 - - Dividends declared on common stock (9,443) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,609) - - ============================================================= ==================== ==================== ====================
537 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Iberian Aprohiso S.A. Hydro Energy B.V. Hy-Power Amsterdam (Inactive) Consolidated B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,704 - $117,422 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 1,052 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 2,756 - 117,422 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 308 - 12,950 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - 5,979 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 860 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 308 - 19,789 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - 5,663 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 5,663 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3,064 - $142,874 ============================================================= ==================== ==================== ====================
538 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Saltos del Porma, Consolidating Iberian S.A. Adjustments Hy-Power Amsterdam B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not Subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated Provision for depreciation - $17,941 $137,067 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (1,052) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 16,889 137,067 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1 - 13,259 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 111 - 6,090 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 860 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 112 - 20,209 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 3,030 - 8,693 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 3,030 - 8,693 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3,142 $16,889 $165,969 ============================================================= ==================== ==================== ====================
539 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Iberian Aprohiso S.A. Hydro Energy B.V. Hy-Power Amsterdam (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $1,186 - $25 Additional Paid in Capital 965 - 8,746 Accumulated other comprehensive income: Cumulative translation adjustments - net - - (32,418) Unrealized gain in equity investments - net - - - Retained Earnings (6,950) - (2,990) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (4,799) - (26,637) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 8,155 - 132,837 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 8,155 - 132,837 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - - 106,200 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities 3,356 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 12,308 Short-term debt - - - Account payable 277 - 473 Accrued taxes (569) - 1,069 Accrued interest - - 1,129 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (292) - 14,979 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 9,801 Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - - 11,464 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - 21,265 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - 430 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $3,064 - $142,873 ============================================================= ==================== ==================== ====================
540 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Saltos del Porma, Consolidating Iberian S.A. Adjustments Hy-Power Amsterdam B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $825 ($2,536) ($500) Additional Paid in Capital - - 9,711 Accumulated other comprehensive income: Cumulative translation adjustments - net - 29,015 (3,403) Unrealized gain in equity investments - net - - - Retained Earnings - 8,498 (1,442) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 825 34,977 4,366 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - (18,088) 122,904 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - (18,088) 122,904 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 825 16,889 127,270 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 12,308 Short-term debt - - - Account payable 2,317 (1) 3,066 Accrued taxes - (1) 499 Accrued interest - - 1,129 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 2,317 (2) 17,002 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 9,801 Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - - 11,464 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - 21,265 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 2 432 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $3,142 $16,889 $165,969 ============================================================= ==================== ==================== ====================
541 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Iberian Hy-Power Aprohiso S.A. Hydro Energy B.V. Amsterdam B.V. (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - $24,069 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 24,069 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $21 - 3,782 Maintenance - - - Depreciation and decommissioning 58 - 3,878 Income taxes (189) - 5,026 Property and other taxes - - 109 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (110) - 12,795 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 110 - 11,274 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income 228 - 472 Minority interest - - (167) Taxes on nonoperating income (80) - (165) Other nonoperating income - net (872) - 809 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (724) - 949 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (614) - 12,223 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 441 - 5,772 Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 441 - 5,772 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1,055) - 6,451 Retained earnings - beginning of year 2,603 - 2 Dividends declared on common stock (8,498) - (9,443) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($6,950) - ($2,990) ============================================================= ==================== ==================== ====================
542 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Saltos del Porma, Consolidating Iberian S.A. Adjustments Hy-Power Amsterdam B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - ($1) $24,068 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (1) 24,068 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - 3,803 Maintenance - - - Depreciation and decommissioning - (1) 3,935 Income taxes - (1) 4,836 Property and other taxes - - 109 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - (2) 12,683 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 1 11,385 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - 700 Minority interest - - (167) Taxes on nonoperating income - - (245) Other nonoperating income - net - (1) (64) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - (1) 224 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - 11,609 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - 6,213 Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - 6,213 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - - 5,396 Retained earnings - beginning of year - - 2,605 Dividends declared on common stock - 8,498 (9,443) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $8,498 ($1,442) ============================================================= ==================== ==================== ====================
543 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Hydro Energy B.V. Iberica de Consolidating Energias S.A. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $117,422 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $24,871 - ($24,871) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 24,871 117,422 (24,871) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1 12,949 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 5,979 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 860 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1 19,788 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 5,663 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 5,663 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $24,872 $142,873 ($24,871) ============================================================= ==================== ==================== ====================
544 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Hydro Energy B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $117,422 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 117,422 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 12,950 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,979 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 860 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 19,789 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 5,663 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 5,663 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $142,874 - - ============================================================= ==================== ==================== ====================
545 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Iberica de Hydro Energy B.V. Energias S.A. Consolidating Consolidated Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $25 $23,387 ($23,387) Additional Paid in Capital - 8,746 - Accumulated other comprehensive income: Cumulative translation adjustments - net 318 (3,721) (29,015) Unrealized gain in equity investments - net - - - Retained Earnings (9,824) (2,609) 9,443 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (9,481) 25,803 (42,959) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 33,693 81,056 18,088 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 33,693 81,056 18,088 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 24,212 106,859 (24,871) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 662 11,646 - Short-term debt - - - Account payable 28 445 - Accrued taxes (30) 1,099 - Accrued interest - 1,129 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 660 14,319 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 9,801 - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits - 11,464 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 21,265 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 430 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $24,872 $142,873 ($24,871) ============================================================= ==================== ==================== ====================
546 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Hydro Energy B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $25 - - Additional Paid in Capital 8,746 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (32,418) - - Unrealized gain in equity investments - net - - - Retained Earnings (2,990) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (26,637) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 132,837 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 132,837 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 106,200 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 12,308 - - Short-term debt - - - Account payable 473 - - Accrued taxes 1,069 - - Accrued interest 1,129 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 14,979 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 9,801 - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits 11,464 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 21,265 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 430 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $142,874 - - ============================================================= ==================== ==================== ====================
547 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Hydro Energy B.V. Iberica de Consolidating Energias S.A. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $24,069 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 24,069 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $1 3,781 - Maintenance - - - Depreciation and decommissioning - 3,878 - Income taxes (28) 5,054 - Property and other taxes - 109 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (27) 12,822 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 27 11,247 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income - 472 - Minority interest - (167) - Taxes on nonoperating income - (165) - Other nonoperating income - net (3) 812 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (3) 952 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 24 12,199 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 80 5,692 - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 80 5,692 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (56) 6,507 - Retained earnings - beginning of year (325) 327 - Dividends declared on common stock (9,443) (9,443) $9,443 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9,824) ($2,609) $9,443 ============================================================= ==================== ==================== ====================
548 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Hydro Energy B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $24,069 - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 24,069 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 3,782 - - Maintenance - - - Depreciation and decommissioning 3,878 - - Income taxes 5,026 - - Property and other taxes 109 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 12,795 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 11,274 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 472 - - Minority interest (167) - - Taxes on nonoperating income (165) - - Other nonoperating income - net 809 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 949 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 12,223 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 5,772 - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 5,772 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 6,451 - - Retained earnings - beginning of year 2 - - Dividends declared on common stock (9,443) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,990) - - ============================================================= ==================== ==================== ====================
549 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Iberica de Energias, S. A. and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Iberica de Electro Consolidating Energias, S.A. Metalurgica del Adjustments Ebro,S.A. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not Subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $58,577 $7,393 $51,452 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 4,667 - (4,667) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 63,244 7,393 46,785 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 9,677 3,272 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 4,218 1,737 24 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 643 217 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 14,538 5,226 24 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 6,356 54,481 (55,174) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 6,356 54,481 (55,174) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $84,138 $67,100 ($8,365) ============================================================= ==================== ==================== ====================
550 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Iberica de Energias, S. A. and Subsidiaries [Tier 68 Consolidating Balance Sheet December 31, 1998 (In thousands)
Iberica de Energias, S.A. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $117,422 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 117,422 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 12,949 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,979 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 860 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 19,788 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and Reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 5,663 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 5,663 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $142,873 - - ============================================================= ==================== ==================== ====================
551 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Iberica de Energias, S. A. and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Iberica de Electro Consolidating Energias, S.A. Metalurgica del Adjustments Ebro,S.A. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $19,674 $83 $3,630 Additional Paid in Capital 8,746 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (546) 1,738 (4,913) Unrealized gain in equity investments - net - - - Retained Earnings (5,286) 2,677 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 22,588 4,498 (1,283) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 44,358 49,530 (12,832) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 44,358 49,530 (12,832) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 66,946 54,028 (14,115) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 2,667 8,979 - Short-term debt - - - Account payable 814 392 (761) Accrued taxes 838 143 118 Accrued interest 653 476 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4,972 9,990 (643) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 9,801 - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits 2,419 2,651 6,394 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 12,220 2,651 6,394 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 431 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $84,138 $67,100 ($8,365) ============================================================= ==================== ==================== ====================
552 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Iberica de Energias, S. A. and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Iberica de Energias, S.A. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $23,387 - - Additional Paid in Capital 8,746 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (3,721) - - Unrealized gain in equity investments - net - - - Retained Earnings (2,609) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 25,803 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 81,056 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 81,056 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 106,859 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 11,646 - - Short-term debt - - - Account payable 445 - - Accrued taxes 1,099 - - Accrued interest 1,129 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other Current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 14,319 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 9,801 - - Accumulated deferred investment tax Credits - - - Customer advances and other deferred Credits 11,464 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 21,265 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 430 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $142,873 - - ============================================================= ==================== ==================== ====================
553 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Iberica de Energias, S. A. and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Iberica de Electro Consolidating Energias, S.A. Metalurgica del Adjustments Ebro,S.A. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $13,626 $10,443 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 13,626 10,443 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 2,907 874 - Maintenance - - - Depreciation and decommissioning 1,004 2,874 - Income taxes 5,119 (65) - Property and other taxes 56 53 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 9,086 3,736 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 4,540 6,707 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during Construction - - - Interest and dividend income 363 109 - Minority interest (167) - - Taxes on nonoperating income (127) (38) - Other nonoperating income - net 762 50 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 831 121 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 5,371 6,828 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 1,237 4,455 - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 1,237 4,455 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 4,134 2,373 - Retained earnings - beginning of year 23 304 - Dividends declared on common stock (9,443) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($5,286) $2,677 - ============================================================= ==================== ==================== ====================
554 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Iberica de Energias, S. A. and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Iberica de Energias, S.A. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $24,069 - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 24,069 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 3,781 - - Maintenance - - - Depreciation and decommissioning 3,878 - - Income taxes 5,054 - - Property and other taxes 109 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 12,822 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 11,247 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 472 - - Minority interest (167) - - Taxes on nonoperating income (165) - - Other nonoperating income - net 812 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 952 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 12,199 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 5,692 - - Other interest expense - - - Allowance for borrowed funds used during Construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 5,692 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 6,507 - - Retained earnings - beginning of year 327 - - Dividends declared on common stock (9,443) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,609) - - ============================================================= ==================== ==================== ====================
555 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership Venture - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $703,028 $1,268,171 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $171,714 - 766,554 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 171,714 703,028 2,034,725 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 51 12,789 23,761 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 5,962 11,498 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 4,817 9,446 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 51 23,568 44,705 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 4,706 15,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,706 15,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $171,765 $731,302 $2,095,351 ============================================================= ==================== ==================== ====================
556 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Latrobe Power Pty Consolidating Latrobe Power Pty Ltd Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - ($742,730) $1,228,469 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $105,481 (1,125,530) (81,781) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 105,481 (1,868,260) 1,146,688 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - (12,790) 23,811 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - (5,961) 11,499 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - (4,817) 9,446 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - (23,568) 44,756 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - (4,706) 15,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - (4,706) 15,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $105,481 ($1,896,534) $1,207,365 ============================================================= ==================== ==================== ====================
557 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership Venture - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - $806,256 Additional Paid in Capital $169,523 $174,082 174,082 Accumulated other comprehensive income: Cumulative translation adjustments - net (447) (6,263) (10,578) Unrealized gain in equity investments - net - - - Retained Earnings 4,886 51,683 87,848 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 173,962 219,502 1,057,608 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 405,600 752,325 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 173,962 625,102 1,809,933 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 14,503 Short-term debt - - - Account payable (2,189) (236,986) (234,534) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (2,189) (236,986) (220,031) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (8) - 18,038 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 343,186 487,411 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (8) 343,186 505,449 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $171,765 $731,302 $2,095,351 ============================================================= ==================== ==================== ====================
558 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Latrobe Power Pty Consolidating Latrobe Power Pty Ltd Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - ($806,256) - Additional Paid in Capital - (439,334) $78,353 Accumulated other comprehensive income: Cumulative translation adjustments - net $6,703 (46,791) (57,376) Unrealized gain in equity investments - net - - - Retained Earnings 1,790 (58,987) 87,220 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 8,493 (1,351,368) 108,197 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 127,769 (384,284) 901,410 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 136,262 (1,735,652) 1,009,607 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 14,503 Short-term debt - - - Account payable (35,922) 191,120 (318,511) Accrued taxes 26,222 (26,285) (63) Accrued interest - 15,528 15,528 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (9,700) 180,363 (288,543) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (21,081) 3,005 (46) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - (343,964) 486,633 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (21,081) (340,959) 486,587 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (286) (286) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $105,481 ($1,896,534) $1,207,365 ============================================================= ==================== ==================== ====================
559 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership Venture - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $72,487 $161,213 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 72,487 161,213 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 10,999 21,522 Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 10,540 20,786 Maintenance - - - Depreciation and decommissioning - 15,381 27,617 Income taxes $30 (5,255) 3,809 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 30 31,665 73,734 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (30) 40,822 87,479 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (84) 14,597 17,741 Minority interest - (36,696) - Taxes on nonoperating income (69) 9,206 (6,387) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (153) (12,893) 11,354 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (183) 27,929 98,833 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 33,449 64,052 Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 33,449 64,052 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (183) (5,520) 34,781 Retained earnings - beginning of year 4,970 34,968 53,067 Dividends declared on common stock 99 22,235 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,886 $51,683 $87,848 ============================================================= ==================== ==================== ====================
560 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Latrobe Power Pty Consolidating Latrobe Power Pty Ltd Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - ($72,487) $161,213 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (72,487) 161,213 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (11,000) 21,521 Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - (10,433) 20,893 Maintenance - - - Depreciation and decommissioning - (15,381) 27,617 Income taxes $100 7,660 6,344 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 100 (29,154) 76,375 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (100) (43,333) 84,838 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 2,953 (15,738) 19,469 Minority interest - 36,696 - Taxes on nonoperting income (1,063) (8,696) (7,009) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 1,890 12,262 12,460 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 1,790 (31,071) 97,298 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - (33,449) 64,052 Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - (33,449) 64,052 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 1,790 2,378 33,246 Retained earnings - beginning of year - (39,031) 53,974 Dividends declared on common stock - (22,334) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,790 ($58,987) $87,220 ============================================================= ==================== ==================== ====================
561 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Latrobe Power Pty Mission Energy Energy Holdings Ltd Consolidated Ventures Australia Pty Ltd Pty Ltd Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $578 $1,228,469 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 453 (81,781) $2,178 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 1,031 1,146,688 2,178 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1,802 23,811 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 27 11,499 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 72 9,446 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,901 44,756 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 7,033 15,921 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 7,033 15,921 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $9,965 $1,207,365 $2,178 ============================================================= ==================== ==================== ====================
562 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Traralgon Power Loy Yang Holdings Consolidating Pty Ltd Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - ($1,228,469) Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $79,150 - 2,631 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 79,150 - (1,225,838) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - (23,811) Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - (11,499) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - (9,446) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - (44,756) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - (15,921) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - (15,921) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $79,150 - ($1,286,515) ============================================================= ==================== ==================== ====================
563 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Loy Yang Holdings Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $578 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 2,631 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 3,209 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1,802 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 27 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 72 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,901 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 7,033 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 7,033 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $12,143 - - ============================================================= ==================== ==================== ====================
564 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Latrobe Power Pty Mission Energy Energy Holdings Ltd Consolidated Ventures Australia Pty Ltd Pty Ltd Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - $78,353 - Accumulated other comprehensive income: Cumulative translation adjustments - net ($2,008) (57,376) ($474) Unrealized gain in equity investments - net - - - Retained Earnings 9,663 87,220 351 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 7,655 108,197 (123) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 242 901,410 2,850 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 7,897 1,009,607 2,727 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 71 14,503 - Short-term debt - - - Account payable (12,646) (318,511) (132) Accrued taxes - (63) - Accrued interest - 15,528 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (12,575) (288,542) (132) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 14,412 (46) (417) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 231 486,633 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 14,643 486,587 (417) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (286) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $9,965 $1,207,365 $2,178 ============================================================= ==================== ==================== ====================
565 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Traralgon Power Loy Yang Holdings Consolidating Pty Ltd Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - $78,353 Accumulated other comprehensive income: Cumulative translation adjustments - net ($25,828) - 83,203 Unrealized gain in equity investments - net - - - Retained Earnings (2,387) - (84,833) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (28,215) - (79,983) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 133,068 - (1,034,477) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 104,853 - (1,114,460) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - (14,503) Short-term debt - - - Account payable (9,585) - 328,096 Accrued taxes - - 63 Accrued interest - - (15,528) Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (9,585) - 298,128 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (16,118) - 16,164 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - (486,633) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (16,118) - (470,469) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - 286 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $79,150 - ($1,286,515) ============================================================= ==================== ==================== ====================
566 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Loy Yang Holdings Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net ($2,483) - - Unrealized gain in equity investments - net - - - Retained Earnings 10,014 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 7,531 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 3,093 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 10,624 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 71 - - Short-term debt - - - Account payable (12,778) - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (12,707) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 13,995 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 231 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 14,226 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $12,143 - - ============================================================= ==================== ==================== ====================
567 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Mission Latrobe Power Pty Mission Energy Energy Holdings Ltd Consolidated Ventures Australia Pty Ltd Pty Ltd Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $161,213 - Diversified operations $12,093 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 12,093 161,213 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 21,521 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 14,094 20,893 - Maintenance - - - Depreciation and decommissioning 410 27,617 - Income taxes (820) 6,344 $50 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 13,684 76,375 50 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1,591) 84,838 (50) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 289 19,469 27 Minority interest - - - Taxes on nonoperating income (101) (7,009) (9) Other nonoperating income - net (22) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 166 12,460 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1,425) 97,298 (32) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 62,052 - Other interest expense 6 - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 6 62,052 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1,431) 33,246 (32) Retained earnings - beginning of year 11,094 53,974 383 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $9,663 $87,220 $351 ============================================================= ==================== ==================== ====================
568 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Traralgon Power Loy Yang Holdings Consolidating Pty Ltd Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - ($161,213) Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - (161,213) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - (21,521) Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - (20,893) Maintenance - - - Depreciation and decommissioning - - (27,617) Income taxes $2,350 - (8,694) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2,350 - (78,725) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2,350) - (82,488) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 1,347 - (20,816) Minority interest - - - Taxes on nonoperating income (485) 7,494 Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 862 - (13,322) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1,488) - (95,810) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - (64,052) Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - (64,052) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1,488) - (31,758) Retained earnings - beginning of year (899) - (53,075) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,387) - ($84,833) ============================================================= ==================== ==================== ====================
569 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Loy Yang Holdings Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $12,093 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 12,093 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 14,094 - - Maintenance - - - Depreciation and decommissioning 410 - - Income taxes (770) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 13,734 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1,641) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 316 - - Minority interest - - - Taxes on nonoperating income (110) Other nonoperating income - net (22) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 184 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1,457) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense 6 - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 6 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1,463) - - Retained earnings - beginning of year 11,477 - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $10,014 - - ============================================================= ==================== ==================== ====================
570 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Australia Operation & Operation & Ltd Consolidated Maintenance Maintenance Loy Kwinana Pty Ltd Yang Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $166 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 166 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1,461 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,461 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,627 - - ============================================================= ==================== ==================== ====================
571 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Energy Mission Energy Kwinana Power Holdings (Kwinana) Pty Ltd Partnership [8] Superannu- ation Fund Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - $73,626 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $286 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 286 73,626 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - 6,315 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - 2,333 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 2,832 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 11,480 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - 2,699 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 2,699 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $286 $87,805 ============================================================= ==================== ==================== ====================
572 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Consolidating Edison Mission Energy Holdings Adjustments Energy Holdings Pty Ltd Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $578 ($73,626) $578 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 1 453 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 578 (73,625) 1,031 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 341 (6,315) 1,802 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 27 (2,333) 27 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 72 (2,832) 72 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 440 (11,480) 1,901 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 76 4,258 7,033 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 76 4,258 7,033 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,094 ($80,847) $9,965 ============================================================= ==================== ==================== ====================
573 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Australia Operation & Operation & Ltd Consolidated Maintenance Maintenance Loy Kwinana Pty Ltd Yang Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net $56 ($75) ($922) Unrealized gain in equity investments - net - - - Retained Earnings 505 677 4,637 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 561 602 3,715 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 561 602 3,715 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable (11,548) (602) (3,715) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (11,548) ($602) ($3,715) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 12,614 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 12,614 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,627 - - ============================================================= ==================== ==================== ====================
574 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Energy Mission Energy Kwinana Power Holdings (Kwinana) Pty Ltd Partnership [8] Superannuation Fund Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - $19,421 Accumulated other comprehensive income: Cumulative translation adjustments - net - ($6) (220) Unrealized gain in equity investments - net - - - Retained Earnings - 17 9,436 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - 11 28,637 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 242 58,160 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - 253 86,797 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 2,403 Short-term debt - - - Account payable - (70) (10,966) Accrued taxes - - - Accrued interest - - 2,949 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (70) (5,614) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 103 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 6,622 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 103 6,622 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $286 $87,805 ============================================================= ==================== ==================== ====================
575 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Consolidating Edison Mission Energy Holdings Adjustments Energy Holdings Pty Ltd Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - ($19,421) - Accumulated other comprehensive income: Cumulative translation adjustments - net ($935) 94 ($2,008) Unrealized gain in equity investments - net - - - Retained Earnings (667) (4,942) 9,663 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (1,602) (24,269) 7,655 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - (58,160) 242 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (1,602) (82,429) 7,897 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 71 (2,403) 71 Short-term debt - - - Account payable 3,289 10,966 (12,646) Accrued taxes - - - Accrued interest - (2,949) - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 3,360 5,614 (12,575) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (895) 2,590 14,412 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 231 (6,622) 231 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (664) (4,032) 14,643 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,094 ($80,847) $9,965 ============================================================= ==================== ==================== ====================
576 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Australia Operation & Operation & Ltd Consolidated Maintenance Maintenance Loy Kwinana Pty Ltd Yang Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $3 $1,611 $7,884 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 3 1,611 7,884 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 2 1,270 7,892 Maintenance - - - Depreciation and decommissioning - - - Income taxes 51 - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 53 1,270 7,892 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (50) 341 (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 60 - - Minority interest - - - Taxes on nonoperating income (21) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 39 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (11) 341 (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (11) 341 (8) Retained earnings - beginning of year 516 336 4,645 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $505 $677 $4,637 ============================================================= ==================== ==================== ====================
577 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Energy Mission Energy Kwinana Power Holdings (Kwinana) Pty Ltd Partnership [8] Superannuation Fund Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - $38,094 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 38,094 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 20,128 Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - 3,377 Maintenance - - - Depreciation and decommissioning - - 3,410 Income taxes - $18 (271) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 18 26,644 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (18) 11,450 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - 753 Minority interest - - - Taxes on nonoperating income (271) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - 482 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - (18) 11,932 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - 6,913 Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - 6,913 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - (18) 5,019 Retained earnings - beginning of year - 35 4,417 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $17 $9,436 ============================================================= ==================== ==================== ====================
578 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Mission Consolidating Edison Mission Energy Holdings Adjustments Energy Holdings Pty Ltd Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - ($38,094) - Diversified operations $2,595 - $12,093 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 2,595 (38,094) 12,093 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (20,128) - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 12,092 (10,539) 14,094 Maintenance - - - Depreciation and decommissioning 410 (3,410) 410 Income taxes (3,557) 2,939 (820) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 8,945 (31,138) 13,684 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (6,350) (6,956) (1,591) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 229 (753) 289 Minority interest - - - Taxes on nonoperating income (80) 271 (101) Other nonoperating income - net (22) - (22) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 127 (482) 166 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (6,223) (7,438) (1,425) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - (6,913) - Other interest expense 6 - 6 Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 6 (6,913) 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (6,229) (525) (1,431) Retained earnings - beginning of year 5,562 (4,417) 11,094 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($667) ($4,942) $9,663 ============================================================= ==================== ==================== ====================
579 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd Edison Mission Energy Australia Ltd and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Latrobe Power Loy Yang B Joint Edison Mission Partnership Venture Energy Australia Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $703,028 $1,268,171 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 766,554 $166 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 703,028 2,034,725 166 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 12,789 23,761 1,461 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,962 11,498 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 4,817 9,446 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 23,568 44,705 1,461 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 4,706 15,921 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 4,706 15,921 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $731,302 $2,095,351 $1,627 ============================================================= ==================== ==================== ====================
580 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd Edison Mission Energy Australia Ltd and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Edison Mission Adjustments Energy Australia Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation ($1,971,199) - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (766,554) $166 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (2,737,753) 166 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents (36,550) 1,461 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts (17,460) - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (14,263) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (68,273) 1,461 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges (20,627) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (20,627) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($2,826,653) $1,627 - ============================================================= ==================== ==================== ====================
581 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd Edison Mission Energy Australia Ltd and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Latrobe Power Loy Yang B Joint Edison Mission Partnership Venture Energy Australia Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $806,256 - Additional Paid in Capital $174,082 174,082 - Accumulated other comprehensive income: Cumulative translation adjustments - net (6,263) (10,578) $56 Unrealized gain in equity investments - net - - - Retained Earnings 51,683 87,848 505 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 219,502 1,057,608 561 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 405,600 752,325 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 625,102 1,809,933 561 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 14,503 - Short-term debt - - - Account payable (236,986) (234,534) (11,548) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (236,986) (220,031) (11,548) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 18,038 12,614 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 343,186 487,411 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 343,186 505,449 12,614 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $731,302 $2,095,351 $1,627 ============================================================= ==================== ==================== ====================
582 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd Edison Mission Energy Australia Ltd and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Edison Mission Adjustments Energy Australia Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($806,256) - - Additional Paid in Capital (348,164) - - Accumulated other comprehensive income: Cumulative translation adjustments - net 16,841 $56 - Unrealized gain in equity investments - net - - - Retained Earnings (139,531) 505 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (1,277,110) 561 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt (1,157,925) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (2,435,035) 561 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt (14,503) - - Short-term debt - - - Account payable 471,520 (11,548) - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 457,017 (11,548) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (18,038) 12,614 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (830,597) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (848,635) 12,614 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($2,826,653) $1,627 - ============================================================= ==================== ==================== ====================
583 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd Edison Mission Energy Australia Ltd and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Latrobe Power Loy Yang B Joint Edison Mission Partnership Venture Energy Australia Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $72,487 $161,213 - Diversified operations - - $3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 72,487 161,213 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 10,999 21,522 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 10,540 20,786 2 Maintenance - - - Depreciation and decommissioning 15,381 27,617 - Income taxes (5,255) 3,809 51 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 31,665 73,734 53 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 40,822 87,479 (50) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 14,597 17,741 60 Minority interest - - - Taxes on nonoperating income (5,255) (6,387) (21) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 9,342 11,354 39 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 50,164 98,833 (11) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 33,449 64,052 - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 33,449 64,052 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 16,715 34,781 (11) Retained earnings - beginning of year 34,968 53,067 516 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $51,683 $87,848 $505 ============================================================= ==================== ==================== ====================
584 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd Edison Mission Energy Australia Ltd and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating Edison Mission Adjustments Energy Australia Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue ($233,700) - - Diversified operations - $3 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (233,700) 3 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (32,521) - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses (31,326) 2 - Maintenance - - - Depreciation and decommissioning (42,998) - - Income taxes 1,446 51 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (105,399) 53 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (128,301) (50) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (32,338) 60 - Minority interest - - - Taxes on nonoperating income 11,642 (21) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (20,696) 39 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (148,997) (11) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (97,501) - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (97,501) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (51,496) (11) - Retained earnings - beginning of year (88,035) 516 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($139,531) $505 - ============================================================= ==================== ==================== ====================
585 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership Venture - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $703,028 $1,268,171 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $171,714 - 766,554 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 171,714 703,028 2,034,725 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 51 12,789 23,761 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 5,962 11,498 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 4,817 9,446 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 51 23,568 44,705 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 4,706 15,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,706 15,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $171,765 $731,302 $2,095,351 ============================================================= ==================== ==================== ====================
586 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Latrobe Power Pty Consolidating Latrobe Power Pty Ltd Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - ($742,730) $1,228,469 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $105,481 (1,125,530) (81,781) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 105,481 (1,868,260) 1,146,688 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - (12,790) 23,811 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - (5,961) 11,499 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - (4,817) 9,446 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - (23,568) 44,756 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - (4,706) 15,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - (4,706) 15,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $105,481 ($1,896,534) $1,207,365 ============================================================= ==================== ==================== ====================
587 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership Venture - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - $806,256 Additional Paid in Capital $169,523 $174,082 174,082 Accumulated other comprehensive income: Cumulative translation adjustments - net (447) (6,263) (10,578) Unrealized gain in equity investments - net - - - Retained Earnings 4,886 51,683 87,848 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 173,962 219,502 1,057,608 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 405,600 752,325 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 173,962 625,102 1,809,933 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 14,503 Short-term debt - - - Account payable (2,189) (236,986) (234,534) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (2,189) (236,986) (220,031) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (8) - 18,038 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 343,186 487,411 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (8) 343,186 505,449 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $171,765 $731,302 $2,095,351 ============================================================= ==================== ==================== ====================
588 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Latrobe Power Pty Consolidating Latrobe Power Pty Ltd Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - ($806,256) - Additional Paid in Capital - (439,333) $78,354 Accumulated other comprehensive income: Cumulative translation adjustments - net $6,703 (46,791) (57,376) Unrealized gain in equity investments - net - - - Retained Earnings 1,790 (58,988) 87,219 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 8,493 (1,351,368) 108,197 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 127,769 (384,284) 901,410 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 136,262 (1,735,652) 1,009,607 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 14,503 Short-term debt - - - Account payable (35,922) 191,120 (318,511) Accrued taxes 26,222 (26,285) (63) Accrued interest - 15,528 15,528 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (9,700) 180,363 (288,543) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (21,081) 3,005 (46) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - (343,964) 486,633 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (21,081) (340,959) 486,587 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (286) (286) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $105,481 ($1,896,534) $1,207,365 ============================================================= ==================== ==================== ====================
589 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership Venture - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $72,487 $161,213 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 72,487 161,213 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 10,999 21,522 Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 10,540 20,786 Maintenance - - - Depreciation and decommissioning - 15,381 27,617 Income taxes $30 (5,255) 3,809 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 30 31,665 73,734 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (30) 40,822 87,479 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (84) 14,597 17,741 Minority interest - (36,696) - Taxes on nonoperating income (69) 9,206 (6,387) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (153) (12,893) 11,354 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (183) 27,929 98,833 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 33,449 64,052 Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 33,449 64,052 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (183) (5,520) 34,781 Retained earnings - beginning of year 4,970 34,968 53,067 Dividends declared on common stock 99 22,235 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,886 $51,683 $87,848 ============================================================= ==================== ==================== ====================
590 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Latrobe Power Pty Consolidating Latrobe Power Pty Ltd Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - ($72,487) $161,213 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (72,487) 161,213 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (10,999) 21,522 Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - (10,433) 20,893 Maintenance - - - Depreciation and decommissioning - (15,381) 27,617 Income taxes $100 7,660 6,344 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 100 (29,153) 76,376 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (100) (43,334) 84,837 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 2,953 (15,738) 19,469 Minority interest - 36,696 - Taxes on nonoperating income (1,063) (8,696) (7,009) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 1,890 12,262 12,460 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 1,790 (31,072) 97,297 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - (33,449) 64,052 Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - (33,449) 64,052 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 1,790 2,377 33,245 Retained earnings - beginning of year - (39,031) 53,974 Dividends declared on common stock - (22,334) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,790 ($58,988) $87,219 ============================================================= ==================== ==================== ====================
591 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership Venture - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $703,028 $1,268,171 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $171,714 - 766,554 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 171,714 703,028 2,034,725 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 51 12,789 23,761 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 5,962 11,498 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 4,817 9,446 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 51 23,568 44,705 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 4,706 15,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,706 15,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $171,765 $731,302 $2,095,351 ============================================================= ==================== ==================== ====================
592 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Energy Consolidating Mission Energy Ventures Australia Adjustments Ventures Australia Pty Ltd Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - ($1,971,199) - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $2,178 (938,268) $2,178 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 2,178 (2,909,467) 2,178 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - (36,601) - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - (17,460) - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - (14,263) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - (68,324) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - (20,627) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - (20,627) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,178 ($2,998,418) $2,178 ============================================================= ==================== ==================== ====================
593 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership Venture - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - $806,256 Additional Paid in Capital $169,523 $174,082 174,082 Accumulated other comprehensive income: Cumulative translation adjustments - net (447) (6,263) (10,578) Unrealized gain in equity investments - net - - - Retained Earnings 4,886 51,683 87,848 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 173,962 219,502 1,057,608 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 405,600 752,325 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 173,962 625,102 1,809,933 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 14,503 Short-term debt - - - Account payable (2,189) (236,986) (234,534) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (2,189) (236,986) (220,031) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (8) - 18,038 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 343,186 487,411 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (8) 343,186 505,449 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $171,765 $731,302 $2,095,351 ============================================================= ==================== ==================== ====================
594 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Energy Consolidating Mission Energy Ventures Australia Adjustments Ventures Australia Pty Ltd Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - ($806,256) - Additional Paid in Capital - (517,687) - Accumulated other comprehensive income: Cumulative translation adjustments - net ($474) 17,288 ($474) Unrealized gain in equity investments - net - - - Retained Earnings 351 (144,417) 351 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (123) (1,451,072) (123) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 2,850 (1,157,925) 2,850 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 2,727 (2,608,997) 2,727 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - (14,503) - Short-term debt - - - Account payable (132) 473,709 (132) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (132) 459,206 (132) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (417) (18,030) (417) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - (830,597) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (417) (848,627) (417) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $2,178 ($2,998,418) $2,178 ============================================================= ==================== ==================== ====================
595 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership Venture - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $72,487 $161,213 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 72,487 161,213 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 10,999 21,522 Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 10,540 20,786 Maintenance - - - Depreciation and decommissioning - 15,381 27,617 Income taxes $30 (5,255) 3,809 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 30 31,665 73,734 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (30) 40,822 87,479 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (84) 14,597 17,741 Minority interest - - - Taxes on nonoperating income 30 (5,255) (6,387) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (54) 9,342 11,354 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (84) 50,164 98,833 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 33,449 64,052 Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 33,449 64,052 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (84) 16,715 34,781 Retained earnings - beginning of year 4,970 34,968 53,067 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,886 $51,683 $87,848 ============================================================= ==================== ==================== ====================
596 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Energy Consolidating Mission Energy Ventures Australia Adjustments Ventures Australia Pty Ltd Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - ($233,700) - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (233,700) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (32,521) - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - (31,326) - Maintenance - - - Depreciation and decommissioning - (42,998) - Income taxes $50 1,416 $50 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 50 (105,429) 50 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (50) (128,271) (50) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 27 (32,254) 27 Minority interest - - - Taxes on nonoperating income (9) 11,612 (9) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 18 (20,642) 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (32) (148,913) (32) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - (97,501) - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - (97,501) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (32) (51,412) (32) Retained earnings - beginning of year 383 (93,005) 383 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $351 ($144,417) $351 ============================================================= ==================== ==================== ====================
597 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership Venture - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $703,028 $1,268,171 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $171,714 - 766,554 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 171,714 703,028 2,034,725 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 51 12,789 23,761 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 5,962 11,498 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 4,817 9,446 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 51 23,568 44,705 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 4,706 15,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,706 15,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $717,765 $731,302 $2,095,351 ============================================================= ==================== ==================== ====================
598 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Traralgon Power Consolidating Traralgon Power Pty Ltd Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - ($1,971,199) - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $79,150 (938,268) $79,150 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 79,150 (2,909,467) 79,150 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - (36,601) - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - (17,460) - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - (14,263) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - (68,324) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - (20,627) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - (20,627) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $79,150 ($2,998,418) $79,150 ============================================================= ==================== ==================== ====================
599 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership Venture - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - $806,256 Additional Paid in Capital $169,523 $174,082 174,082 Accumulated other comprehensive income: Cumulative translation adjustments - net (447) (6,263) (10,578) Unrealized gain in equity investments - net - - - Retained Earnings 4,886 51,683 87,848 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 173,962 216,502 1,057,608 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 405,600 752,325 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 173,962 625,102 1,809,933 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 14,503 Short-term debt - - - Account payable (2,189) (236,986) (234,534) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (2,189) (236,986) (220,031) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (8) - 18,038 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 343,186 487,411 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (8) 343,186 505,449 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $171,765 $731,302 $2,095,351 ============================================================= ==================== ==================== ====================
600 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Traralgon Power Consolidating Traralgon Power Pty Ltd Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - ($806,256) - Additional Paid in Capital - (517,687) - Accumulated other comprehensive income: Cumulative translation adjustments - net ($25,828) 17,288 ($25,828) Unrealized gain in equity investments - net - - - Retained Earnings (2,387) (144,417) (2,387) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (28,215) (1,451,072) (28,215) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 133,068 (1,157,925) 133,068 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 104,853 (2,608,997) 104,853 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - (14,503) - Short-term debt - - - Account payable (9,585) 473,709 (9,585) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (9,585) 459,206 (9,585) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (16,118) (18,030) (16,118) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - (830,598) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (16,118) (848,628) (16,118) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $79,150 ($2,998,418) $79,150 ============================================================= ==================== ==================== ====================
601 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership Venture - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $72,487 $161,213 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 72,487 161,213 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 10,999 21,522 Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 10,540 20,786 Maintenance - - - Depreciation and decommissioning - 15,381 27,617 Income taxes $30 (5,255) 3,809 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 30 31,665 73,734 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (30) 40,822 87,479 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (84) 14,597 17,741 Minority interest - - - Taxes on nonoperating income 30 (5,255) (6,387) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (54) 9,342 11,354 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (84) 50,164 98,833 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 33,449 64,052 Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 33,449 64,052 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (84) 16,715 34,781 Retained earnings - beginning of year 4,970 34,968 53,067 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,886 $51,683 $87,848 ============================================================= ==================== ==================== ====================
602 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Traralgon Power Consolidating Traralgon Power Pty Ltd Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - ($233,700) - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (233,700) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (32,521) - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - (31,326) - Maintenance - - - Depreciation and decommissioning - (42,998) - Income taxes $2,350 1,416 $2,350 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2,350 (105,429) 2,350 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2,350) (128,271) (2,350) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 1,347 (32,254) 1,347 Minority interest - - - Taxes on nonoperating income (485) 11,612 (485) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 862 (20,642) 862 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1,488) (148,913) (1,488) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - (97,501) - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - (97,501) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1,488) (51,412) (1,488) Retained earnings - beginning of year (899) (93,005) (899) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,387) ($144,417) ($2,387) ============================================================= ==================== ==================== ====================
603 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Doga Enerji Uretim Doga Isi Satis Doga Isletme ve Sanayi ve Ticaret Hizmetleri ve Bakim Ticaret L.S. L.S. Ticaret L.S. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $152,235 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 152,235 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 131 $63 $63 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 317 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 137 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 585 63 63 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 210 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 210 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $153,030 $63 $63 ============================================================= ==================== ==================== ====================
604 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Esenyurt B.V. Consolidating MEC Esenyurt B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $8,321 - $160,556 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 29,829 ($29,829) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 38,150 (29,829) 160,556 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 23 - 280 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - 317 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 137 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 23 - 734 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 322 - 532 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 322 - 532 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $38,495 ($29,829) $161,822 ============================================================= ==================== ==================== ====================
605 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Doga Enerji Uretim Doga Isi Satis Doga Isletme ve Sanayi ve Ticaret Hizmetleri ve Bakim Ticaret L.S. L.S. Ticaret L.S. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $99 $63 $63 Additional Paid in Capital 37,068 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (305) - - Unrealized gain in equity investments - net - - - Retained Earnings 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 36,863 63 63 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 102,931 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 139,794 63 63 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 8,243 - - Short-term debt - - - Account payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 8,243 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 4,993 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 4,993 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $153,030 $63 $63 ============================================================= ==================== ==================== ====================
606 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Esenyurt B.V. Consolidating MEC Esenyurt B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $30 ($224) $31 Additional Paid in Capital 29,802 (37,068) 29,802 Accumulated other comprehensive income: Cumulative translation adjustments - net - 61 (244) Unrealized gain in equity investments - net - - - Retained Earnings 58 (1) 58 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 29,890 (37,232) 29,647 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - 102,931 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 29,890 (37,232) 132,578 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 8,243 Short-term debt - - - Account payable 8,629 - 8,629 Accrued taxes (24) - (24) Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 8,605 - 16,848 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 4,993 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - 4,993 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 7,403 7,403 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $38,495 ($29,829) $161,822 ============================================================= ==================== ==================== ====================
607 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Doga Enerji Uretim Doga Isi Satis Doga Isletme ve Sanayi ve Ticaret Hizmetleri ve Bakim Ticaret L.S. L.S. Ticaret L.S. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes - - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - - - Retained earnings - beginning of year $1 - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1 - - ============================================================= ==================== ==================== ====================
608 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC Esenyurt B.V. Consolidating MEC Esenyurt B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 - $3 Maintenance - - - Depreciation and decommissioning - - - Income taxes (1) - (1) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2 - 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2) - (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 1 - 1 Minority interest - - - Other nonoperating income - net (26) - (26) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (25) - (25) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (27) - (27) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (27) - (27) Retained earnings - beginning of year 85 ($1) 85 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $58 ($1) $58 ============================================================= ==================== ==================== ====================
609 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission MEC Esenyurt B.V. MEC IES B.V. Energy Consolidated International B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $140 $160,556 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $6 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 140 160,556 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 108 280 9 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 317 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 137 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 108 734 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 532 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 532 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $248 $161,822 $15 ============================================================= ==================== ==================== ====================
610 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC India B.V. MEC Indo Coal B.V. MEC Indonesia B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $22,553 $125,694 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 22,553 125,694 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $21 1,360 23 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 21 1,360 23 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 60 1,007 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 60 1,007 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $21 $23,973 $126,724 ============================================================= ==================== ==================== ====================
611 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Laguna Power MEC Perth B.V. MEC Priolo B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $73,626 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $3,340 - $16,517 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 3,340 73,626 16,517 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 6,337 1,487 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 2,333 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 2,832 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 11,502 1,487 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 30 2,703 111 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 30 2,703 111 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3,370 $87,831 $18,115 ============================================================= ==================== ==================== ====================
612 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC San Pascual MEC Sidi Krir B.V. MEC Sumatra B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $2,276 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 2,276 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $20 $18 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 20 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 16 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 16 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,292 $20 $18 ============================================================= ==================== ==================== ====================
613 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Wales B.V. Mission Energy P.T. Edison Consolidated Italia s.r.l. Mission Operation and Maintenance Indonesia - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,083,705 $119 $9 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (25,049) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 1,058,656 119 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 48,574 25 586 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 39,452 211 987 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6,018 221 549 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 94,044 457 2,122 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 339,917 22 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 339,917 22 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,492,617 $598 $2,131 ============================================================= ==================== ==================== ====================
614 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC International Consolidating MEC International Holdings B.V. Adjustments Holdings B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - ($1,318,155) - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $5,295 (145,337) $5,295 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 5,295 (1,463,492) 5,295 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 34 (58,848) 34 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - (43,300) - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - (9,757) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 34 (111,905) 34 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - (344,398) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - (344,398) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5,329 ($1,919,795) $5,329 ============================================================= ==================== ==================== ====================
615 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission MEC Esenyurt B.V. MEC IES B.V. Energy Consolidated International B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $56 $31 $25 Additional Paid in Capital - 29,802 - Accumulated other comprehensive income: Cumulative translation adjustments - net - (244) - Unrealized gain in equity investments - net - - - Retained Earnings (421) 58 (135) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (365) 29,647 (110) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 102,931 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (365) 132,578 (110) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 8,243 - Short-term debt - - - Account payable 826 8,629 197 Accrued taxes (213) (24) (72) Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 613 16,848 125 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 4,993 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 4,993 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 7,403 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $248 $161,822 $15 ============================================================= ==================== ==================== ====================
616 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC India B.V. MEC Indo Coal B.V. MEC Indonesia B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $23 $22 $21 Additional Paid in Capital - 17,426 126,849 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (20) 4,043 (112) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 3 21,491 126,759 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 3 21,491 126,759 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable 27 5 11 Accrued taxes (9) 143 (45) Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 18 148 (34) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 2,334 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 2,334 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $21 $23,973 $126,724 ============================================================= ==================== ==================== ====================
617 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Laguna Power MEC Perth B.V. MEC Priolo B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $23 $23 $21 Additional Paid in Capital 3,324 - 17,928 Accumulated other comprehensive income: Cumulative translation adjustments - net - (5,640) 187 Unrealized gain in equity investments - net - - - Retained Earnings (17) 6,544 (485) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 3,330 927 17,651 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 82,172 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 3,330 83,099 17,651 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 2,403 - Short-term debt - - - Account payable 49 (17,841) 280 Accrued taxes (9) - 184 Accrued interest - 2,949 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 40 (12,489) 464 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 10,313 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 6,622 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 16,935 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 286 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $3,370 $87,831 $18,115 ============================================================= ==================== ==================== ====================
618 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC San Pascual MEC Sidi Krir B.V. MEC Sumatra B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $23 $26 $26 Additional Paid in Capital 2,276 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings (19) (18) (20) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 2,280 8 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 2,280 8 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable 21 19 19 Accrued taxes (9) (7) (7) Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 12 12 12 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $2,292 $20 $18 ============================================================= ==================== ==================== ====================
619 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Wales B.V. Mission Energy P.T. Edison Consolidated Italia s.r.l. Mission Operation and Maintenance Indonesia - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $276,698 $13 - Additional Paid in Capital - - $1,500 Accumulated other comprehensive income: Cumulative translation adjustments - net 33,278 20 - Unrealized gain in equity investments - net - - - Retained Earnings 143,538 193 601 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 453,514 226 2,101 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 665,120 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 1,118,634 226 2,101 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 29,930 - - Short-term debt - - - Account payable (132,866) 166 (855) Accrued taxes 53,008 206 885 Accrued interest 24,983 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (24,945) 372 30 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,443 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 36,267 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 317,710 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 81,218 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,492,617 $598 $2,131 ============================================================= ==================== ==================== ====================
620 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC International Consolidating MEC International Holdings B.V. Adjustments Holdings B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $21 ($277,031) $21 Additional Paid in Capital 4,781 (199,105) 4,781 Accumulated other comprehensive income: Cumulative translation adjustments - net - (27,601) - Unrealized gain in equity investments - net - - - Retained Earnings 514 (153,731) 514 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 5,316 (657,468) 5,316 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - (850,223) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 5,316 (1,507,691) 5,316 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - (40,576) - Short-term debt - - - Account payable 27 141,313 27 Accrued taxes (14) (54,031) (14) Accrued interest - (27,932) - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 13 18,774 13 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (294,090) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - (47,882) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - (341,972) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (88,907) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $5,329 ($1,919,795) $5,329 ============================================================= ==================== ==================== ====================
621 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Mission MEC Esenyurt B.V. MEC IES B.V. Energy Consolidated International B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $322 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 322 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 940 $3 $114 Maintenance - - - Depreciation and decommissioning 12 - - Income taxes (220) (1) (40) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 732 2 74 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (410) (2) (74) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 2 1 - Minority interest - - - Taxes on nonoperating income (1) - - Other nonoperating income - net (3) (26) (14) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (2) (25) (14) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (412) (27) (88) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (412) (27) (88) Retained earnings - beginning of year (9) 85 (47) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($421) $58 ($135) ============================================================= ==================== ==================== ====================
622 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC India B.V. MEC Indo Coal B.V. MEC Indonesia B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - $1,335 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 1,335 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $1 1 $1 Maintenance - - - Depreciation and decommissioning - 625 - Income taxes - 253 - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 879 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) 456 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 1 76 - Minority interest - - - Taxes on nonoperating income - (27) - Other nonoperating income - net (5) 189 (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (4) 238 (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (5) 694 (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (5) 694 (8) Retained earnings - beginning of year (14) 3,349 (104) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($20) $4,043 ($112) ============================================================= ==================== ==================== ====================
623 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC Laguna Power MEC Perth B.V. MEC Priolo B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $38,904 - Diversified operations - 42 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 38,136 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 20,128 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $1 3,377 $7 Maintenance - - - Depreciation and decommissioning - 3,412 - Income taxes - 1,643 39 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 28,560 46 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) 9,576 (46) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 753 61 Minority interest - (50) - Taxes on nonoperating income - (271) (21) Other nonoperating income - net (6) - (64) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (6) 432 (24) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (7) 10,008 (70) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 6,913 - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 6,913 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (7) 3,095 (70) Retained earnings - beginning of year (10) 3,449 (415) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($17) $6,544 ($485) ============================================================= ==================== ==================== ====================
624 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC San Pascual MEC Sidi Krir B.V. MEC Sumatra B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $1 $1 $1 Maintenance - - - Depreciation and decommissioning - - - Income taxes - - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 1 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) (1) (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net (6) (5) (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (6) (5) (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (7) (6) (6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (7) (6) (6) Retained earnings - beginning of year (12) (12) (14) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($19) ($18) ($20) ============================================================= ==================== ==================== ====================
625 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC Wales B.V. Mission Energy P.T. Edison Consolidated Italia s.r.l. Mission Operation and Maintenance Indonesia - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $343,426 - - Diversified operations - $3,034 $5,794 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 343,426 3,034 5,794 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 92,010 - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 69,315 2,709 4,847 Maintenance - - - Depreciation and decommissioning 25,575 37 - Income taxes 16,089 190 527 Property and other taxes 17,063 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 220,052 2,936 5,374 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 123,374 98 420 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 10,814 2 13 Minority interest (19,692) - - Taxes on nonoperating income (3,598) (1) (4) Other nonoperating income - net 452 1 (132) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (12,024) 2 (123) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 111,350 100 297 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,231 - (88) Other interest expense 95 - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,326 - (88) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 51,024 100 385 Retained earnings - beginning of year 95,792 93 965 Dividends declared on common stock (3,278) - (749) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $143,538 $193 $601 ============================================================= ==================== ==================== ====================
626 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC International Consolidating MEC International Holdings B.V. Adjustments Holdings B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - ($381,520) - Diversified operations $7 (10,527) $7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 7 (392,047) 7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (112,138) - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 2 (81,319) 2 Maintenance - - - Depreciation and decommissioning - (29,661) - Income taxes (1) (18,480) (1) Property and other taxes - (17,063) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 (258,661) 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 6 (133,386) 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - (11,723) - Minority interest - 19,742 - Taxes on nonoperating income - 3,923 - Other nonoperating income - net (10) (369) (10) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (10) 11,573 (10) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (4) (121,813) (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - (67,056) - Other interest expense - (95) - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - (67,151) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (4) (54,662) (4) Retained earnings - beginning of year 518 (103,096) 518 Dividends declared on common stock - 4,027 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $514 ($153,731) $514 ============================================================= ==================== ==================== ====================
627 MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Doga Enerji Uretim Doga Isi Satis Doga Isletme ve Sanayi ve Ticaret Hizmetleri ve Bakim Ticaret L.S. L.S. Ticaret L.S. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $152,235 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 152,235 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 131 $63 $63 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 317 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 137 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 585 63 63 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 210 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 210 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $153,030 $63 $63 ============================================================= ==================== ==================== ====================
628 MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Esenyurt B.V. Consolidating MEC Esenyurt B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $8,321 - $160,556 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 29,829 ($29,829) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 38,150 (29,829) 160,556 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 23 - 280 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - 317 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 137 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 23 - 734 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 322 - 532 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 322 - 532 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $38,495 ($29,829) $161,822 ============================================================= ==================== ==================== ====================
629 MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Doga Enerji Uretim Doga Isi Satis Doga Isletme ve Sanayi ve Ticaret Hizmetleri ve Bakim Ticaret L.S. L.S. Ticaret L.S. - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $99 $63 $63 Additional Paid in Capital 37,068 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (305) - - Unrealized gain in equity investments - net - - - Retained Earnings 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 36,863 63 63 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 102,931 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 139,794 63 63 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 8,243 - - Short-term debt - - - Account payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 8,243 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 4,993 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 4,993 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $153,030 $63 $63 ============================================================= ==================== ==================== ====================
630 MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Esenyurt B.V. Consolidating MEC Esenyurt B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $30 ($224) $31 Additional Paid in Capital 29,802 (37,068) 29,802 Accumulated other comprehensive income: Cumulative translation adjustments - net - 61 (244) Unrealized gain in equity investments - net - - - Retained Earnings 58 (1) 58 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 29,890 (37,232) 29,647 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - 102,931 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 29,890 (37,232) 132,578 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 8,243 Short-term debt - - - Account payable 8,629 - 8,629 Accrued taxes (24) - (24) Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 8,605 - 16,848 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 4,993 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - 4,993 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 7,403 7,403 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $38,495 ($29,829) $161,822 ============================================================= ==================== ==================== ====================
631 MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Doga Enerji Uretim Doga Isi Satis Doga Isletme ve Sanayi ve Ticaret Hizmetleri ve Bakim Ticaret L.S. L.S. Ticaret L.S. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes - - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - - - Retained earnings - beginning of year $1 - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1 - - ============================================================= ==================== ==================== ====================
632 MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC Esenyurt B.V. Consolidating MEC Esenyurt B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 - $3 Maintenance - - - Depreciation and decommissioning - - - Income taxes (1) - (1) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2 - 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2) - (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 1 - 1 Minority interest - - - Other nonoperating income - net (26) - (26) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (25) - (25) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (27) - (27) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (27) - (27) Retained earnings - beginning of year 85 ($1) 85 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $58 ($1) $58 ============================================================= ==================== ==================== ====================
633 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,083,705 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (79,085) $218,368 ($164,332) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 1,004,620 218,368 (164,332) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 105,164 51 (56,641) Receivables, including unbilled revenue, net of allowance for uncollectible accounts 39,452 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6,018 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 150,634 51 (56,641) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 338,014 1,903 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 338,014 1,903 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,493,268 $220,322 ($220,973) ============================================================= ==================== ==================== ====================
634 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,083,705 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (25,049) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 1,058,656 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 48,574 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 39,452 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6,018 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 94,044 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 339,917 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 339,917 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,492,617 - - ============================================================= ==================== ==================== ====================
635 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $276,698 $26 ($26) Additional Paid in Capital - 276,698 (276,698) Accumulated other comprehensive income: Cumulative translation adjustments - net 33,153 35,353 (35,228) Unrealized gain in equity investments - net - - - Retained Earnings (2,994) 55,553 90,979 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 306,857 367,630 (220,973) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 665,120 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 971,977 367,630 (220,973) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 29,930 - - Short-term debt - - - Account payable 16,445 (149,311) - Accrued taxes 51,005 2,003 - Accrued interest 24,983 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 122,363 (147,308) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,443 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 36,267 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 317,710 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 81,218 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,493,268 $220,322 ($220,973) ============================================================= ==================== ==================== ====================
636 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $276,698 - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 33,278 - - Unrealized gain in equity investments - net - - - Retained Earnings 143,538 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 453,514 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 665,120 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 1,118,634 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 29,930 - - Short-term debt - - - Account payable (132,866) - - Accrued taxes 53,008 - - Accrued interest 24,983 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (24,945) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,443 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 36,267 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 317,710 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 81,218 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,492,617 - - ============================================================= ==================== ==================== ====================
637 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $343,426 - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 343,426 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 92,010 - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 69,314 $1 - Maintenance - - - Depreciation and decommissioning 25,524 51 - Income taxes 16,107 (18) - Property and other taxes 17,063 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 220,018 34 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 123,408 (34) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 4,667 6,147 - Minority interest (19,692) - - Taxes on nonoperating income (1,447) (2,151) - Other nonoperating income - net - 452 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (16,472) 4,448 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 106,936 4,414 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,231 - - Other interest expense 95 - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,326 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 46,610 4,414 - Retained earnings - beginning of year 95,711 51,139 ($51,058) Dividends declared on common stock (145,315) - 142,037 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,994) $55,553 $90,979 ============================================================= ==================== ==================== ====================
638 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $343,426 - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 343,426 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 92,010 - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 69,315 - - Maintenance - - - Depreciation and decommissioning 25,575 - - Income taxes 16,089 - - Property and other taxes 17,063 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 220,052 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 123,374 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 10,814 - - Minority interest (19,692) - - Taxes on nonoperating income (3,598) - - Other nonoperating income - net 452 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (12,024) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 111,350 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,231 - - Other interest expense 95 - - Allowance for borrowed funds used during construction - - Capitalized interest - - - Dividends on subsidiary preferred - securities - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - Total interest and other expenses - net 60,326 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 51,024 - - Retained earnings - beginning of year 95,792 - - Dividends declared on common stock (3,278) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $143,538 - - ============================================================= ==================== ==================== ====================
639 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $1,083,705 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (79,085) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 1,004,620 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 105,164 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 39,452 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 6,018 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 150,634 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges $61,080 338,014 ($61,080) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 61,080 338,014 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $61,080 $1,493,268 ($61,080) ============================================================= ==================== ==================== ====================
640 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,083,705 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (79,085) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 1,004,620 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 105,164 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 39,452 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6,018 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 150,634 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 338,014 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 338,014 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,493,268 - - ============================================================= ==================== ==================== ====================
641 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $276,698 - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net ($19) 33,153 $19 Unrealized gain in equity investments - net - - - Retained Earnings (52) (2,994) 52 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (71) 306,857 71 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 61,080 665,120 (61,080) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 61,009 971,977 (61,009) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 29,930 - Short-term debt - - - Account payable 30 16,445 (30) Accrued taxes - 51,005 - Accrued interest - 24,983 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 30 122,363 (30) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 281,443 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 41 36,267 (41) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 41 317,710 (41) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 81,218 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $61,080 $1,493,268 ($61,080) ============================================================= ==================== ==================== ====================
642 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $276,698 - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 33,153 - - Unrealized gain in equity investments - net - - - Retained Earnings (2,994) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 306,857 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 665,120 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 971,977 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 29,930 - - Short-term debt - - - Account payable 16,445 - - Accrued taxes 51,005 - - Accrued interest 24,983 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 122,363 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,443 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 36,267 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 317,710 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 81,218 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,493,268 - - ============================================================= ==================== ==================== ====================
643 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $343,426 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 343,426 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 92,010 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $73 69,314 ($73) Maintenance - - - Depreciation and decommissioning - 25,524 - Income taxes (8) 16,107 8 Property and other taxes - 17,063 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 65 220,018 (65) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (65) 123,408 65 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 21 4,667 (21) Minority interest - (19,692) - Taxes on nonoperating income (8) (1,447) 8 Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 13 (16,472) (13) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (52) 106,936 52 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 60,231 - Other interest expense - 95 - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 60,326 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (52) 46,610 52 Retained earnings - beginning of year - 95,711 - Dividends declared on common stock - (145,315) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($52) ($2,994) $52 ============================================================= ==================== ==================== ====================
644 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $343,426 - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 343,426 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 92,010 - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 69,314 - - Maintenance - - Depreciation and decommissioning 25,524 - - Income taxes 16,107 - - Property and other taxes 17,063 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 220,018 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 123,408 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 4,667 - - Minority interest (19,692) - - Taxes on nonoperating income (1,447) - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (16,472) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 106,936 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,231 - - Other interest expense 95 - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,326 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 46,610 - - Retained earnings - beginning of year 95,711 - - Dividends declared on common stock (145,315) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,994) - - ============================================================= ==================== ==================== ====================
645 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Loyvic Pty Ltd EME Victoria Energy Capital Consolidated Generation Limited Partnership Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $766,554 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - 766,554 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - $61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $61,080 $766,554 ============================================================= ==================== ==================== ====================
646 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro EME Generation Consolidating Holdings Company Holdings Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,083,705 - ($1,083,705) Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (169,327) - (597,227) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 914,378 - (1,680,932) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 47,376 - (47,376) Receivables, including unbilled revenue, net of allowance for uncollectible accounts 39,452 - (39,452) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6,018 - (6,018) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 92,846 - (92,846) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 338,014 $61,080 (399,094) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 338,014 61,080 (399,094) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,345,238 $61,080 ($2,172,872) ============================================================= ==================== ==================== ====================
647 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
EME Generation Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges $61,080 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 61,080 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $61,080 - - ============================================================= ==================== ==================== ====================
648 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Loyvic Pty Ltd EME Victoria Energy Capital Consolidated Generation Limited Partnership Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - ($2) $10,390 Unrealized gain in equity investments - net - - - Retained Earnings - 298 (115,359) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - 296 (104,969) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 61,080 746,217 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - 61,376 641,248 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 14,503 Short-term debt - - - Account payable - 9 95,276 Accrued taxes - - - Accrued interest - - 15,528 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 9 123,307 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (1) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 305 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 305 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $61,080 $766,554 ============================================================= ==================== ==================== ====================
649 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro EME Generation Consolidating Holdings Company Holdings Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $181,987 - ($181,987) Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (144,392) ($19) 134,004 Unrealized gain in equity investments - net - - - Retained Earnings 202,446 (52) (87,385) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 240,041 (71) (135,368) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 665,120 61,080 (1,472,417) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 905,161 61,009 (1,607,785) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 29,930 - (44,433) Short-term debt - - - Account payable 16,447 30 (111,732) Accrued taxes 51,005 - (51,005) Accrued interest 24,983 - (40,511) Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 123,365 30 (247,681) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,445 - (281,444) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 36,267 41 (35,962) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 317,712 41 (317,406) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,345,238 $61,080 ($2,172,872) ============================================================= ==================== ==================== ====================
650 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
EME Generation Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net ($19) - - Unrealized gain in equity investments - net - - - Retained Earnings (52) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (71) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 61,080 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 61,009 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable 30 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 30 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 41 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 41 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $61,080 - - ============================================================= ==================== ==================== ====================
651 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the YearEnded December 31, 1998 (In thousands)
Loyvic Pty Ltd EME Victoria Energy Capital Consolidated Generation Limited Partnership Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - $33 - Maintenance - - - Depreciation and decommissioning - - - Income taxes - (119) ($2) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - (86) (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 86 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 331 - Minority interest - - - Taxes on nonoperating income - (119) - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 212 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - 298 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - 63,000 Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - 63,000 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - 298 (62,998) Retained earnings - beginning of year - - (52,361) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $298 ($115,359) ============================================================= ==================== ==================== ====================
652 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
First Hydro EME Generation Consolidating Holdings Company Holdings Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $343,425 - ($343,425) Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 343,425 - (343,425) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 92,010 - (92,010) Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 69,315 $73 (69,348) Maintenance - - - Depreciation and decommissioning 25,524 - (25,524) Income taxes 16,107 (8) (15,986) Property and other taxes 17,063 - (17,063) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 220,019 65 (219,931) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 123,406 (65) (123,494) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 4,666 21 (4,997) Minority interest - - - Taxes on nonoperating income (1,447) (8) 1,566 Other nonoperating income - net 1 - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 3,220 13 (3,432) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 126,626 (52) (126,926) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,231 - (123,231) Other interest expense 95 - (95) Allowance for borrowed funds used during construction Capitalized interest - - - Dividends on subsidiary preferred - - - securities - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - Total interest and other expenses - net 60,326 - (123,326) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 66,300 (52) (3,600) Retained earnings - beginning of year 136,146 - (83,785) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $202,446 ($52) ($87,385) ============================================================= ==================== ==================== ====================
653 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
EME Generation Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $73 - - Maintenance - - - Depreciation and decommissioning - - - Income taxes (8) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 65 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (65) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 21 - - Minority interest - - - Taxes on nonoperating income (8) - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 13 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (52) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - Other interest expense - - - Allowance for borrowed funds used during - construction - - Capitalized interest - - - Dividends on subsidiary preferred - securities - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - Total interest and other expenses - net - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - Net Income (52) - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($52) - - ============================================================= ==================== ==================== ====================
654 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Loyvic Pty Ltd Partnership [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $766,554 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 766,554 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $766,554 - - ============================================================= ==================== ==================== ====================
655 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Loyvic Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($766,554) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (766,554) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($766,554) - - ============================================================= ==================== ==================== ====================
656 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Loyvic Pty Ltd Partnership [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $766,554 - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net $10,390 (10,582) - Unrealized gain in equity investments - net - - - Retained Earnings (115,359) 115,547 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (104,969) 871,519 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 746,217 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 641,248 871,519 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 14,503 - - Short-term debt - - - Account payable 95,276 (871,519) - Accrued taxes - - - Accrued interest 15,528 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 125,307 ($871,519) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $766,554 - - ============================================================= ==================== ==================== ====================
657 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Loyvic Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($766,554) - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 192 - - Unrealized gain in equity investments - net - - - Retained Earnings (188) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (766,550) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt (746,217) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (1,512,767) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt (14,053) - - Short-term debt - - - Account payable 776,243 - - Accrued taxes - - - Accrued interest (15,528) - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 746,212 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($766,554) - - ============================================================= ==================== ==================== ====================
658 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Loyvic Pty Ltd Partnership [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes ($2) ($22,747) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (2) (22,747) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2 22,747 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 63,186 - Minority interest - - - Taxes on nonoperating income - (22,747) - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 40,439 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 2 63,186 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - Interest on long-term debt 63,000 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 63,000 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (62,998) 63,186 - Retained earnings - beginning of year (52,361) 52,361 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($115,359) $115,547 - ============================================================= ==================== ==================== ====================
659 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating Loyvic Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes $22,749 - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 22,749 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (22,749) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (63,186) - - Minority interest - - - Taxes on nonoperating income 22,747 - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (40,439) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - Income before interest and other expenses (63,188) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (63,000) - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (63,000) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (188) - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($188) - - ============================================================= ==================== ==================== ====================
660 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd. Mission Energy Partnership [11] Development Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $766,554 - Investments in leveraged leases - - Other investments - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 766,554 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - $61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $766,554 $61,080 ============================================================= ==================== ==================== ====================
661 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Gippsland Power Loy Yang B Joint EME Victoria Pty Ltd [11] Venture [12] Generation Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $565,143 $1,268,171 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 766,554 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 565,143 2,034,725 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 10,971 23,761 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,537 11,498 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 4,629 9,446 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 21,137 44,705 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 11,214 15,921 $61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 11,214 15,921 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $597,494 $2,095,351 $61,080 ============================================================= ==================== ==================== ====================
662 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating EME Victoria Adjustments Generation Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation ($1,833,314) - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (1,533,108) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (3,366,422) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents (34,732) - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts (17,035) - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (14,075) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (65,842) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges (88,215) $61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (88,215) 61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($3,520,479) $61,080 - ============================================================= ==================== ==================== ====================
663 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Mission Energy Partnership [11] Development Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $766,554 - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net $10,390 (10,582) - Unrealized gain in equity investments - net - - - Retained Earnings (115,359) 115,547 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (104,969) 871,519 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 746,217 - $61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 641,248 871,519 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 14,503 - - Short-term debt - - - Account payable 95,276 (871,159) - Accrued taxes - - - Accrued interest 15,528 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 125,307 ($871,519) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $766,554 - $61,080 ============================================================= ==================== ==================== ====================
664 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Gippsland Power Loy Yang B Joint EME Victoria Pty Ltd [11] Venture [12] Generation Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $39,702 $806,256 - Additional Paid in Capital - 174,082 - Accumulated other comprehensive income: Cumulative translation adjustments - net (3,354) (10,578) ($2) Unrealized gain in equity investments - net - - - Retained Earnings 35,206 87,848 298 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 71,554 1,057,608 296 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 422,309 752,325 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 493,863 1,809,933 61,376 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 14,503 - Short-term debt - - - Account payable (57,856) (234,534) 9 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (57,856) (220,031) 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 18,040 18,038 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 143,447 487,441 (305) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 161,487 505,449 (305) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $597,494 $2,095,351 $61,080 ============================================================= ==================== ==================== ====================
665 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating EME Victoria Adjustments Generation Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($1,612,512) - - Additional Paid in Capital (174,082) - - Accumulated other comprehensive income: Cumulative translation adjustments - net 14,124 ($2) - Unrealized gain in equity investments - net - - - Retained Earnings (123,242) 298 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (1,895,712) 296 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt (1,981,931) 61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (3,877,643) 61,376 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt (29,006) - - Short-term debt - - - Account payable 1,068,633 9 - Accrued taxes - - - Accrued interest (15,528) - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,024,099 9 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (36,077) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (630,858) (305) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (666,935) (305) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($3,520,479) $61,080 - ============================================================= ==================== ==================== ====================
666 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Mission Energy Partnership [11] Development Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes ($2) ($22,747) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (2) (22,747) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2 22,747 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 63,186 - Minority interest - - - Taxes on nonoperating income - (22,747) - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 40,439 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 2 63,186 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 63,000 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 63,000 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (62,998) 63,186 - Retained earnings - beginning of year (52,361) 52,361 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($115,359) $115,547 - ============================================================= ==================== ==================== ====================
667 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Gippsland Power Loy Yang B Joint EME Victoria Pty Ltd [11] Venture [12] Generation Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $88,726 $161,213 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 88,726 161,213 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 10,567 21,522 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 10,153 20,786 $33 Maintenance - - - Depreciation and decommissioning 13,079 27,617 - Income taxes 9,066 3,809 (119) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 42,865 73,734 (86) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 45,861 87,479 86 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 3,145 17,741 331 Minority interest - - - Taxes on nonoperating income (1,132) (6,387) (119) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 2,013 11,354 212 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 47,874 98,833 298 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 29,804 64,052 - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 29,804 64,052 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 18,070 34,781 298 Retained earnings - beginning of year 17,136 53,067 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $35,206 $87,848 $298 ============================================================= ==================== ==================== ====================
668 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating EME Victoria Adjustments Generation Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue ($249,939) - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (249,939) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (32,089) - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses (30,939) $33 - Maintenance - - - Depreciation and decommissioning (40,696) (119) - Income taxes 9,874 - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (93,850) (86) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (156,089) 86 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (84,072) 331 - Minority interest - - - Taxes on nonoperating income 30,266 (119) - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (53,806) 212 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (209,895) 298 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (156,856) - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (156,856) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (53,039) 298 - Retained earnings - beginning of year (70,203) - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($123,242) $298 - ============================================================= ==================== ==================== ====================
669 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Enerloy Pty Ltd Energy Capital Consolidating Partnership Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $766,554 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 766,554 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $766,554 - ============================================================= ==================== ==================== ====================
670 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $766,554 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 766,554 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $766,554 - - ============================================================= ==================== ==================== ====================
671 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Enerloy Pty Ltd Energy Capital Consolidating Partnership Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $766,554 - ($766,554) Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (10,582) $10,390 10,582 Unrealized gain in equity investments - net - - - Retained Earnings 115,547 (115,359) (115,547) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 871,519 (104,969) (871,519) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 746,217 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 871,519 641,248 (871,519) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 14,503 - Short-term debt - - - Account payable (871,519) 95,276 871,519 Accrued taxes - - - Accrued interest - 15,528 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities ($871,519) 125,307 $871,519 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (1) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $766,554 - ============================================================= ==================== ==================== ====================
672 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net $10,390 - - Unrealized gain in equity investments - net - - - Retained Earnings (115,359) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (104,969) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 746,217 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 641,248 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 14,503 - - Short-term debt - - - Account payable 95,276 - - Accrued taxes - - - Accrued interest 15,528 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 125,307 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $766,554 - - ============================================================= ==================== ==================== ====================
673 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Enerloy Pty Ltd Energy Capital Consolidating Partnership Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes ($22,747) ($2) $22,747 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (22,747) (2) 22,747 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 22,747 2 (22,747) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 63,186 - (63,186) Minority interest - - - Taxes on nonoperating income (22,747) - 22,747 Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 40,439 - (40,439) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 63,186 2 (63,186) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 63,000 - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred Securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 63,000 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 63,186 (62,998) (63,186) Retained earnings - beginning of year 52,361 (52,361) (52,361) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $115,547 ($115,359) ($115,547) ============================================================= ==================== ==================== ====================
674 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Energy Capital Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes ($2) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (2) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 63,000 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 63,000 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - - Retained earnings - beginning of year (62,998) - - Dividends declared on common stock (52,361) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($115,359) - - ============================================================= ==================== ==================== ====================
675 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro First Hydro First Hydro Company Holdings Company Finance plc - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $10,919 $175 $793,135 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 585,401 7,098 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 596,320 7,273 793,135 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 30,096 625 16,654 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,493 25,033 33,487 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 6,018 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 35,589 25,658 56,159 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 308,050 29,930 33 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 308,050 29,930 33 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $939,959 $62,861 $849,327 ============================================================= ==================== ==================== ====================
676 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating First Hydro Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $279,476 $1,083,705 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (761,826) (169,327) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (482,350) 914,378 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1 47,376 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts (24,561) 39,452 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 6,018 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (24,560) 92,846 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 1 338,014 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1 338,014 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($506,909) $1,345,238 - ============================================================= ==================== ==================== ====================
677 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro First Hydro First Hydro Company Holdings Company Finance plc - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $181,987 $19 $605,585 Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (267,003) (3,184) 50,911 Unrealized gain in equity investments - net - - - Retained Earnings 24,261 3,574 125,920 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (60,755) 409 782,416 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 657,088 8,032 (36,121) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 596,333 8,441 746,295 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 29,930 - Short-term debt - - - Account payable 37,035 (488) 16,021 Accrued taxes - - 51,005 Accrued interest 24,888 24,980 3 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 61,923 54,422 67,029 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,703 (2) (264) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 36,267 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 281,703 (2) 36,003 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $939,959 $62,861 $849,327 ============================================================= ==================== ==================== ====================
678 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating First Hydro Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($605,604) $181,987 - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 74,884 (144,392) - Unrealized gain in equity investments - net - - - Retained Earnings 48,691 202,446 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (482,029) 240,041 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 36,121 665,120 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (445,908) 905,161 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 29,930 - Short-term debt - - - Account payable (36,121) 16,447 - Accrued taxes - 51,005 - Accrued interest (24,888) 24,983 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (61,009) 122,365 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 8 281,445 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 36,267 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 8 317,712 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($506,909) $1,345,238 - ============================================================= ==================== ==================== ====================
679 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
First Hydro First Hydro First Hydro Company Holdings Company Finance plc - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - $343,425 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 343,425 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 92,010 Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $1,249 ($194) 68,257 Maintenance - - - Depreciation and decommissioning 8,356 - 13,582 Income taxes (35,141) (18,270) 50,820 Property and other taxes - - 17,063 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (25,536) (18,464) 241,732 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 25,536 18,464 101,693 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 139 59,615 65 Minority interest - - - Taxes on nonoperating income (43) (18,307) (20) Other nonoperating income - net - - 3,067 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 96 41,308 3,112 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 25,632 59,772 104,805 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,232 59,720 - Other interest expense - 92 3 Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,232 59,812 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (34,600) (40) 104,802 Retained earnings - beginning of year 58,861 3,614 186,081 Dividends declared on common stock - - (164,963) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $24,261 $3,574 $125,920 ============================================================= ==================== ==================== ====================
680 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating First Hydro Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $343,425 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 343,425 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 92,010 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 69,315 - Maintenance - - - Depreciation and decommissioning 3,586 25,524 - Income taxes 18,698 16,107 - Property and other taxes - 17,063 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 22,287 220,019 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (22,287) 123,406 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (55,153) 4,666 - Minority interest - - - Taxes on nonoperating income 16,923 (1,447) - Other nonoperating income - net (3,066) 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (41,296) 3,220 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (63,583) 126,626 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (59,721) 60,231 - Other interest expense - 95 - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (59,721) 60,326 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (3,862) 66,300 - Retained earnings - beginning of year (112,410) 136,146 - Dividends declared on common stock 164,963 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $48,691 $202,446 - ============================================================= ==================== ==================== ====================
681 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,083,705 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (79,085) $218,368 ($164,332) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 1,004,620 218,368 (164,332) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 105,164 51 (56,641) Receivables, including unbilled revenue, net of allowance for uncollectible accounts 39,452 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6,018 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 150,634 51 (56,641) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 338,014 1,903 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 338,014 1,903 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,493,268 $220,322 ($220,973) ============================================================= ==================== ==================== ====================
682 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,083,705 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (25,049) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 1,058,656 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 48,574 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 39,452 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6,018 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 94,044 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 339,917 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 339,917 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,492,617 - - ============================================================= ==================== ==================== ====================
683 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $276,698 $26 ($26) Additional Paid in Capital - 276,698 (276,698) Accumulated other comprehensive income: Cumulative translation adjustments - net 33,153 35,353 (35,228) Unrealized gain in equity investments - net - - - Retained Earnings (2,994) 55,553 90,979 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 306,857 367,630 (220,973) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 665,120 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 971,977 367,630 (220,973) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 29,930 - - Short-term debt - - - Account payable 16,445 (149,311) - Accrued taxes 51,005 2,003 - Accrued interest 24,983 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 122,363 (147,308) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,443 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 36,267 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 317,710 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 81,218 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,493,268 $220,322 ($220,973) ============================================================= ==================== ==================== ====================
684 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $276,698 - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 33,278 - - Unrealized gain in equity investments - net - - - Retained Earnings 143,538 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 453,514 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 665,120 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 1,118,634 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 29,930 - - Short-term debt - - - Account payable (132,866) - - Accrued taxes 53,008 - - Accrued interest 24,983 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (24,945) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,443 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 36,267 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 317,710 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 81,218 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,492,617 - - ============================================================= ==================== ==================== ====================
685 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $343,426 - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 343,426 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 92,010 - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 69,314 $1 - Maintenance - - - Depreciation and decommissioning 25,524 51 - Income taxes 16,107 (18) - Property and other taxes 17,063 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 220,018 34 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 123,408 (34) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 4,667 6,147 - Minority interest (19,692) - - Taxes on nonoperating income (1,447) (2,151) Other nonoperating income - net - 452 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (16,472) 4,448 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 106,936 4,414 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,231 - - Other interest expense 95 - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,326 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 46,610 4,414 - Retained earnings - beginning of year 95,711 51,139 ($51,058) Dividends declared on common stock (145,315) - 142,037 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,994) $55,553 $90,979 ============================================================= ==================== ==================== ====================
686 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $343,426 - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 343,426 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 92,010 - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 69,315 - - Maintenance - - - Depreciation and decommissioning 25,575 - - Income taxes 16,089 - - Property and other taxes 17,063 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 220,052 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 123,374 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 10,814 - - Minority interest (19,692) - - Taxes on nonoperating income (3,598) Other nonoperating income - net 452 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (12,024) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 111,350 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,231 - - Other interest expense 95 - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,326 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 51,024 - - Retained earnings - beginning of year 95,792 - - Dividends declared on common stock (3,278) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $143,538 - - ============================================================= ==================== ==================== ====================
687 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $1,083,705 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (79,085) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 1,004,620 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 105,164 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 39,452 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 6,018 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 150,634 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges $61,080 338,014 ($61,080) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 61,080 338,014 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $61,080 $1,493,268 ($61,080) ============================================================= ==================== ==================== ====================
688 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,083,705 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (79,085) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 1,004,620 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 105,164 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 39,452 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6,018 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 150,634 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 338,014 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 338,014 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,493,268 - - ============================================================= ==================== ==================== ====================
689 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $276,698 - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net ($19) 33,153 $19 Unrealized gain in equity investments - net - - - Retained Earnings (52) (2,994) 52 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (71) 306,857 71 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 61,080 665,120 (61,080) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 61,009 971,977 (61,009) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 29,930 - Short-term debt - - - Accounts payable 30 16,445 (30) Accrued taxes - 51,005 - Accrued interest - 24,983 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 30 122,363 (30) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 281,443 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 41 36,267 (41) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 41 317,710 (41) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 81,218 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $61,080 $1,493,268 ($61,080) ============================================================= ==================== ==================== ====================
690 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $276,698 - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 33,153 - - Unrealized gain in equity investments - net - - - Retained Earnings (2,994) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 306,857 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 665,120 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 971,977 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 29,930 - - Short-term debt - - - Account payable 16,445 - - Accrued taxes 51,005 - - Accrued interest 24,983 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 122,363 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,443 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 36,267 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 317,710 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 81,218 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,493,268 - - ============================================================= ==================== ==================== ====================
691 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $343,426 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 343,426 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 92,010 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $73 69,314 ($73) Maintenance - - - Depreciation and decommissioning - 25,524 - Income taxes (8) 16,107 8 Property and other taxes - 17,063 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 65 220,018 (65) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (65) 123,408 65 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 21 4,667 (21) Minority interest - (19,692) - Taxes on nonoperating income (8) (1,447) 8 Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 13 - (13) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (52) - 52 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 60,231 - Other interest expense - 95 - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 60,326 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (52) 46,610 52 Retained earnings - beginning of year - 95,711 - Dividends declared on common stock - (143,315) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($52) ($2,994) $52 ============================================================= ==================== ==================== ====================
692 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $343,426 - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 343,426 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 92,010 - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 69,314 - - Maintenance - - Depreciation and decommissioning 25,524 - - Income taxes 16,107 - - Property and other taxes 17,063 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 220,018 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 123,408 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 4,667 - - Minority interest (19,692) - - Taxes on nonoperating income (1,447) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (16,472) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 106,936 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,231 - - Other interest expense 95 - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,326 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 46,610 - - Retained earnings - beginning of year 95,711 - - Dividends declared on common stock (145,315) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,994) - - ============================================================= ==================== ==================== ====================
693 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Loyvic Pty Ltd EME Victoria Energy Capital Consolidated Generation Limited Partnership Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $766,554 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - 766,554 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - $61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $61,080 $766,554 ============================================================= ==================== ==================== ====================
694 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro EME Generation Consolidating Holdings Company Holdings Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,083,705 - ($1,083,705) Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (169,327) - (597,227) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 914,378 - (1,680,933) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 47,376 - (47,376) Receivables, including unbilled revenue, net of allowance for uncollectible accounts 39,452 - (39,452) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6,018 - (6,018) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 92,846 - (92,846) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 338,014 $61,080 (399,094) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 338,014 61,080 (399,094) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,345,238 $61,080 ($2,172,872) ============================================================= ==================== ==================== ====================
695 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
EME Generation Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges $61,080 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 61,080 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $61,080 - - ============================================================= ==================== ==================== ====================
696 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Loyvic Pty Ltd EME Victoria Energy Capital Consolidated Generation Limited Partnership Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - ($2) $10,390 Unrealized gain in equity investments - net - - - Retained Earnings - 298 (115,359) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - 296 (104,969) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 61,080 746,217 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - 61,376 641,248 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 14,503 Short-term debt - - - Account payable - 9 95,276 Accrued taxes - - - Accrued interest - - 15,528 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 9 123,307 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (1) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 305 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 305 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $61,080 $766,554 ============================================================= ==================== ==================== ====================
697 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro EME Generation Consolidating Holdings Company Holdings Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $181,987 - ($181,987) Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (144,392) ($19) 134,004 Unrealized gain in equity investments - net - - - Retained Earnings 202,446 (52) (87,385) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 240,041 (71) (135,368) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 665,120 61,080 (1,472,417) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 905,161 61,009 (1,607,784) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 29,930 - (44,433) Short-term debt - - - Account payable 16,447 30 (111,732) Accrued taxes 51,005 - (51,005) Accrued interest 24,983 - (40,511) Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 123,365 30 (247,681) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,445 - (281,444) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 36,267 41 (35,962) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 317,712 41 (317,406) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,345,238 $61,080 ($2,172,872) ============================================================= ==================== ==================== ====================
698 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
EME Generation Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net ($19) - - Unrealized gain in equity investments - net - - - Retained Earnings (52) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (71) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 61,080 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 61,009 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable 30 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 30 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 41 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 41 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $61,080 - - ============================================================= ==================== ==================== ====================
699 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Loyvic Pty Ltd EME Victoria Energy Capital Consolidated Generation Limited Partnership Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - $33 - Maintenance - - - Depreciation and decommissioning - - - Income taxes - (119) ($2) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - (86) (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 86 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 331 - Minority interest - - - Taxes on nonoperating income (119) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 212 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - 298 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - 63,000 Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - 63,000 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - 298 (62,998) Retained earnings - beginning of year - - (52,361) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $298 ($115,359) ============================================================= ==================== ==================== ====================
700 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
First Hydro EME Generation Consolidating Holdings Company Holdings Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $343,425 - ($343,425) Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 343,425 - (343,425) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 92,010 - (92,010) Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 69,315 $73 (69,348) Maintenance - - - Depreciation and decommissioning 25,524 - (25,524) Income taxes 16,107 (8) (15,986) Property and other taxes 17,063 - (17,063) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 220,019 65 (219,931) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 123,406 (65) (123,494) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 4,666 21 (4,997) Minority interest - - - Taxes on nonopearating income (1,447) (8) 1,566 Other nonoperating income - net 1 - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 3,220 13 (3,432) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 126,626 (52) (126,926) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,231 - (123,231) Other interest expense 95 - (95) Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,326 - (123,326) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 66,300 (52) (3,600) Retained earnings - beginning of year 136,146 - (83,785) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $202,446 ($52) ($87,385) ============================================================= ==================== ==================== ====================
701 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
EME Generation Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $73 - - Maintenance - - - Depreciation and decommissioning - - - Income taxes (8) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 65 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (65) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 21 - - Minority interest - - - Taxes on nonopearating income (8) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 13 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (52) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (52) - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($52) - - ============================================================= ==================== ==================== ====================
702 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Loyvic Pty Ltd Partnership [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $766,554 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 766,554 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $766,554 - - ============================================================= ==================== ==================== ====================
703 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Loyvic Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($766,554) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (766,554) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($766,554) - - ============================================================= ==================== ==================== ====================
704 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Loyvic Pty Ltd Partnership [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $766,554 - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net $10,390 (10,582) - Unrealized gain in equity investments - net - - - Retained Earnings (115,359) 115,547 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (104,969) 871,519 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 746,217 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 641,248 871,519 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 14,503 - - Short-term debt - - - Account payable 95,276 (871,519) - Accrued taxes - - - Accrued interest 15,528 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 125,307 ($871,519) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $766,554 - - ============================================================= ==================== ==================== ====================
705 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Loyvic Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($766,554) - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 192 - - Unrealized gain in equity investments - net - - - Retained Earnings (188) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (766,550) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt (746,217) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (1,512,767) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt (14,053) - - Short-term debt - - - Account payable 776,243 - - Accrued taxes - - - Accrued interest (15,528) - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 746,212 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($766,554) - - ============================================================= ==================== ==================== ====================
706 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Loyvic Pty Ltd Partnership [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes ($2) ($22,747) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (2) (22,747) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2 22,747 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 63,186 - Minority interest - - - Taxes on nonoperating income (22,747) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 40,439 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 2 63,186 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 63,000 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 63,000 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (62,998) 63,186 - Retained earnings - beginning of year (52,361) 52,361 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($115,359) $115,547 - ============================================================= ==================== ==================== ====================
707 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating Loyvic Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes $22,749 - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 22,749 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (22,749) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (63,186) - - Minority interest - - - Taxes on nonoperating income 22,747 Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (40,439) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (63,188) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (63,000) - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (63,000) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (188) - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($188) - - ============================================================= ==================== ==================== ====================
708 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd. Mission Energy Partnership [10] Development Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $766,554 - Investments in leveraged leases - - Other investments - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 766,554 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - $61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $766,554 $61,080 ============================================================= ==================== ==================== ====================
709 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Gippsland Power Loy Yang B Joint EME Victoria Pty Ltd [10] Venture [11] Generation Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $565,143 $1,268,171 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 766,554 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 565,143 2,034,725 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 10,971 23,761 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,537 11,498 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 4,629 9,446 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 21,137 44,705 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 11,214 15,921 $61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 11,214 15,921 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $597,494 $2,095,351 $61,080 ============================================================= ==================== ==================== ====================
710 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating EME Victoria Adjustments Generation Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation ($1,833,314) - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (1,533,108) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (3,366,422) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents (34,732) - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts (17,035) - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (14,075) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (65,842) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges (88,215) $61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (88,215) 61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($3,520,479) $61,080 - ============================================================= ==================== ==================== ====================
711 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Mission Energy Partnership [10] Development Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $766,554 - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net $10,390 (10,582) - Unrealized gain in equity investments - net - - - Retained Earnings (115,359) 115,547 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (104,969) 871,519 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 746,217 - $61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 641,248 871,519 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 14,503 - - Short-term debt - - - Account payable 95,276 (871,159) - Accrued taxes - - - Accrued interest 15,528 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 125,307 ($871,519) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $766,554 - $61,080 ============================================================= ==================== ==================== ====================
712 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Gippsland Power Loy Yang B Joint EME Victoria Pty Ltd [10] Venture [11] Generation Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $39,702 $806,256 - Additional Paid in Capital - 174,082 - Accumulated other comprehensive income: Cumulative translation adjustments - net (3,354) (10,578) ($2) Unrealized gain in equity investments - net - - - Retained Earnings 35,206 87,848 298 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 71,554 1,057,608 296 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 422,309 752,325 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 493,863 1,809,933 61,376 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 14,503 - Short-term debt - - - Account payable (57,856) (234,534) 9 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (57,856) (220,031) 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 18,040 18,038 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 143,447 487,441 (305) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 161,487 505,449 (305) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $597,494 $2,095,351 $61,080 ============================================================= ==================== ==================== ====================
713 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating EME Victoria Adjustments Generation Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($1,612,512) - - Additional Paid in Capital (174,082) - - Accumulated other comprehensive income: Cumulative translation adjustments - net 14,124 ($2) - Unrealized gain in equity investments - net - - - Retained Earnings (123,242) 298 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (1,895,712) 296 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt (1,981,931) 61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (3,877,643) 61,376 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt (29,006) - - Short-term debt - - - Account payable 1,068,633 9 - Accrued taxes - - - Accrued interest (15,528) - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,024,099 9 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (36,077) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (630,858) (305) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (666,935) (305) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($3,520,479) $61,080 - ============================================================= ==================== ==================== ====================
714 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Mission Energy Partnership [10] Development Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes ($2) ($22,747) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (2) (22,747) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2 22,747 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 63,186 - Minority interest - - - Taxes on nonoperating income (22,747) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 40,439 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 2 63,186 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 63,000 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 63,000 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (62,998) 63,186 - Retained earnings - beginning of year (52,361) 52,361 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($115,359) $115,547 - ============================================================= ==================== ==================== ====================
715 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Gippsland Power Loy Yang B Joint EME Victoria Pty Ltd [10] Venture [11] Generation Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $88,726 $161,213 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 88,726 161,213 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 10,567 21,522 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 10,153 20,786 $33 Maintenance - - - Depreciation and decommissioning 13,079 27,617 - Income taxes 9,066 3,089 (119) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 42,865 73,734 (86) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 45,861 87,479 86 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 3,145 17,741 331 Minority interest - - - Taxes on nonoperating income (1,132) (6,387) (119) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 2,013 11,354 212 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 47,874 98,833 298 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 29,804 64,052 - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 29,804 64,052 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 18,070 34,781 298 Retained earnings - beginning of year 17,136 53,067 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $35,206 $87,848 $298 ============================================================= ==================== ==================== ====================
716 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating EME Victoria Adjustments Generation Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue ($249,939) - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (249,939) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (32,089) - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses (30,939) $33 - Maintenance - - - Depreciation and decommissioning (40,696) (119) - Income taxes 9,874 - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (93,850) (86) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (156,089) 86 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (84,072) 331 - Minority interest - - - Taxes on nonoperating income 30,266 (119) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (53,806) 212 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (209,895) 298 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (156,856) - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (156,856) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (53,039) 298 - Retained earnings - beginning of year (70,203) - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($123,242) $298 - ============================================================= ==================== ==================== ====================
717 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Enerloy Pty Ltd Energy Capital Consolidating Partnership Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $766,554 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 766,554 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $766,554 - ============================================================= ==================== ==================== ====================
718 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $766,554 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 766,554 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $766,554 - - ============================================================= ==================== ==================== ====================
719 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Enerloy Pty Ltd Energy Capital Consolidating Partnership Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $766,554 - ($766,554) Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (10,582) $10,390 10,582 Unrealized gain in equity investments - net - - - Retained Earnings 115,547 (115,359) (115,547) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 871,519 (104,969) (871,519) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 746,217 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 871,519 641,248 (871,519) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 14,503 - Short-term debt - - - Account payable (871,519) 95,276 871,519 Accrued taxes - - - Accrued interest - 15,528 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities ($871,519) 125,307 $871,519 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (1) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $766,554 - ============================================================= ==================== ==================== ====================
720 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net $10,390 - - Unrealized gain in equity investments - net - - - Retained Earnings (115,359) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (104,969) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 746,217 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 641,248 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 14,503 - - Short-term debt - - - Account payable 95,276 - - Accrued taxes - - - Accrued interest 15,528 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 125,307 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $766,554 - - ============================================================= ==================== ==================== ====================
721 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Enerloy Pty Ltd Energy Capital Consolidating Partnership Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes ($22,747) ($2) $22,747 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (22,747) (2) 22,747 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 22,747 2 (22,747) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 63,186 - (63,186) Minority interest - - - Taxes on nonoperating income (22,747) 22,747 Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 40,439 - (40,439) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 63,186 2 (63,186) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 63,000 - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 63,000 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 63,186 (62,998) (63,186) Retained earnings - beginning of year 52,361 (52,361) (52,361) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $115,547 ($115,359) ($115,547) ============================================================= ==================== ==================== ====================
722 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Energy Capital Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes ($2) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (2) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 63,000 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 63,000 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (62,998) - - Retained earnings - beginning of year (52,361) - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($115,359) - - ============================================================= ==================== ==================== ====================
723 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro First Hydro First Hydro Company Holdings Company Finance plc - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $10,919 $175 $793,135 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 585,401 7,098 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 596,320 7,273 793,135 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 30,096 625 16,654 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,493 25,033 33,487 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 6,018 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 35,589 25,658 56,159 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 308,050 29,930 33 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 308,050 29,930 33 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $939,959 $62,861 $849,327 ============================================================= ==================== ==================== ====================
724 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating First Hydro Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $279,476 $1,083,705 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (761,826) (169,327) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (482,350) 914,378 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1 47,376 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts (24,561) 39,452 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 6,018 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (24,560) 92,846 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 1 338,014 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1 338,014 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($506,909) $1,345,238 - ============================================================= ==================== ==================== ====================
725 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro First Hydro First Hydro Company Holdings Company Finance plc - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $181,987 $19 $605,585 Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (267,003) (3,184) 50,911 Unrealized gain in equity investments - net - - - Retained Earnings 24,261 3,574 125,920 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (60,755) 409 782,416 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 657,088 8,032 (36,121) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 596,333 8,441 746,295 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 29,930 - Short-term debt - - - Account payable 37,035 (488) 16,021 Accrued taxes - - 51,005 Accrued interest 24,888 24,980 3 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 61,923 54,422 67,029 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,703 (2) (264) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 36,267 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 281,703 (2) 36,003 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $939,959 $62,861 $849,327 ============================================================= ==================== ==================== ====================
726 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating First Hydro Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($605,604) $181,987 - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 74,884 (144,392) - Unrealized gain in equity investments - net - - - Retained Earnings 48,691 202,446 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (482,029) 240,041 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 36,121 665,120 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (445,908) 905,161 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 29,930 - Short-term debt - - - Account payable (36,121) 16,447 - Accrued taxes - 51,005 - Accrued interest (24,888) 24,983 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (61,009) 122,365 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 8 281,445 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 36,267 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 8 317,712 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($506,909) $1,345,238 - ============================================================= ==================== ==================== ====================
727 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
First Hydro First Hydro First Hydro Company Holdings Company Finance plc - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - $343,425 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 343,425 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 92,010 Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $1,249 ($194) 68,257 Maintenance - - - Depreciation and decommissioning 8,356 - 13,582 Income taxes (35,141) (18,270) 50,820 Property and other taxes - - 17,063 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (25,536) (18,464) 241,732 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 25,536 18,464 101,693 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 139 59,615 65 Minority interest - - - Taxes on operating income (43) (18,307) (20) Other nonoperating income - net - - 3,067 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 96 41,308 3,112 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 25,632 59,772 104,805 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,232 59,720 - Other interest expense - 92 3 Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,232 59,812 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (34,600) (40) 104,802 Retained earnings - beginning of year 58,861 3,614 186,081 Dividends declared on common stock - - (164,963) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $24,261 $3,574 $125,920 ============================================================= ==================== ==================== ====================
728 MEC International B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating First Hydro Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $343,425 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 343,425 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 92,010 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 69,315 - Maintenance - - - Depreciation and decommissioning 3,586 25,524 - Income taxes 18,698 16,107 - Property and other taxes - 17,063 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 22,287 220,019 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (22,287) 123,406 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (55,153) 4,666 - Minority interest - - - Taxes on nonoperating income 16,923 (1,447) Other nonoperating income - net (3,066) 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (41,296) 3,220 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (63,583) 126,626 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (59,721) 60,231 - Other interest expense - 95 - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (59,721) 60,326 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (3,862) 66,300 - Retained earnings - beginning of year (112,410) 136,146 - Dividends declared on common stock 164,963 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $48,691 $202,446 - ============================================================= ==================== ==================== ====================
MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Limited Operation & Services Limited Maintenance Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $905 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - Investments in leveraged leases - - Other investments - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 905 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1,388 $676 $904 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 366 878 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 2,158 30 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3,912 676 1,812 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 116 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 116 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $4,933 $676 $1,812 ============================================================= ==================== ==================== ====================
730 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Hydro (UK) Mission (No. 2) Pride Hold Limited Limited Limited Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - $149,390 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $8,646 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 8,646 - 149,390 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 4,246 - 58,045 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - 12,474 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 9 - 543 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4,255 - 71,062 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - 4,596 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 4,596 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $12,901 - $225,048 ============================================================= ==================== ==================== ====================
731 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Rapid Energy Mission Energy Consolidating Limited Company (UK) Adjustments Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $24,387 ($4,584) Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 15,027 (6,241) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 39,414 (10,825) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 50,680 (30,596) Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - 62 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 50,680 (30,533) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 373 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 373 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $90,467 ($41,359) ============================================================= ==================== ==================== ====================
732 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Energy Company (UK) Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $170,098 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 17,432 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 187,530 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 85,343 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 13,780 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 2,741 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 101,864 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 5,084 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 5,084 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $294,478 - - ============================================================= ==================== ==================== ====================
733 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Limited Operation & Services Limited Maintenance Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net ($1,200) $20 ($244) Unrealized gain in equity investments - net - - - Retained Earnings 3,712 614 1,664 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 2,512 634 1,420 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 2,512 634 1,420 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable 1,912 23 273 Accrued taxes 509 19 119 Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 2,421 42 392 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $4,933 $676 $1,812 ============================================================= ==================== ==================== ====================
734 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Hydro (UK) Mission (No. 2) Pride Hold Limited Limited Limited Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital $8,889 - $153 Accumulated other comprehensive income: Cumulative translation adjustments - net (501) - (1,439) Unrealized gain in equity investments - net - - - Retained Earnings 4,383 - 38,652 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 12,771 - 37,366 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - 117,715 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 12,771 - 155,081 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 22,676 Short-term debt - - - Account payable 130 - 10,235 Accrued taxes - - (426) Accrued interest - - 3,351 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 130 - 35,836 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 25,649 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - 25,649 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - 8,482 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $12,901 - $225,048 ============================================================= ==================== ==================== ====================
735 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Rapid Energy Mission Energy Consolidating Limited Company (UK) Adjustments Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $22,751 - Additional Paid in Capital - 11,620 ($9,042) Accumulated other comprehensive income: - Cumulative translation adjustments - - net - 8,465 945 Unrealized gain in equity investments - net - - Retained Earnings (8,008) (3,162) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - 34,828 (11,259) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: - Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 30,851 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - Total capitalization 65,679 (11,259) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - Current portion of long-term debt - - Short-term debt - - - Account payable - 24,739 (30,495) Accrued taxes - 49 51 Accrued interest - - - Dividends payable - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 24,788 (30,444) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - Accumulated deferred income taxes - net - - - Accumulated deferred investment tax - credits - - - Customer advances and other deferred - credits - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - Minority interest - - 344 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - Total capitalization and liabilities - $90,467 ($41,359) ============================================================= ==================== ==================== ==================== -
736 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Energy Company (UK) Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $22,751 Additional Paid in Capital 11,620 - - Accumulated other comprehensive income: - - Cumulative translation adjustments - - - net 6,046 - - Unrealized gain in equity investments - net - Retained Earnings 37,855 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 78,272 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: - - Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 148,566 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - Total capitalization 226,838 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - Current portion of long-term debt 22,676 Short-term debt - - - Account payable 6,817 - - Accrued taxes 321 - - Accrued interest 3,351 - - Dividends payable - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 33,165 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - Accumulated deferred income taxes - net 25,649 - - Accumulated deferred investment tax - - credits - - - Customer advances and other deferred - - credits - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 25,649 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - Minority interest 8,826 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - Total capitalization and liabilities $294,478 - - ============================================================= ==================== ==================== ====================
737 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Limited Operation & Services Limited Maintenance Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations $15,671 $527 $3,391 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 15,671 527 3,391 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 13,643 488 2,776 Maintenance - - - Depreciation and decommissioning 640 - 1 Income taxes (662) (26) (140) Property and other taxes 270 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 13,891 462 2,637 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 1,780 65 754 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 88 22 49 Minority interest - - - Taxes on nonoperating income (27) (7) (15) Other nonoperating income - net 85 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 146 15 34 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 1,926 80 788 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 1,926 80 788 Retained earnings - beginning of year 1,786 534 876 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $3,712 $614 $1,664 ============================================================= ==================== ==================== ====================
738 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Hydro (UK) Mission (No. 2) Pride Hold Limited Limited Limited Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - $97,254 Diversified operations - - 1,306 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 98,560 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 43,276 Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $16 - 13,922 Maintenance - - - Depreciation and decommissioning - - 8,584 Income taxes (105) - 5,814 Property and other taxes - - 2,073 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (89) - 73,669 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 89 - 24,891 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 178 - 1,623 Minority interest - - (2,602) Taxes on nonoperating income (55) (503) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 123 - (1,482) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 212 - 23,409 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - 11,906 Other interest expense - - 3 Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - 11,909 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 212 - 11,500 Retained earnings - beginning of year 892 - 27,152 Dividends declared on common stock 3,279 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,383 - $38,652 ============================================================= ==================== ==================== ====================
739 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Rapid Energy Mission Energy Consolidating Limited Company (UK) Adjustments Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - $1,369 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 1,369 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - $414 (2,145) Maintenance - - - Depreciation and decommissioning - 1,371 (1) Income taxes - (914) 1,749 Property and other taxes - - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 871 (398) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (871) 1,766 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 2,950 (352) Minority interest - - (104) Taxes on nonoperating income (914) 108 Other nonoperating income - net - - (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 2,036 (355) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - 1,165 1,411 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 2,376 (349) Other interest expense - - (3) Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 2,376 (352) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - (1,211) 1,763 Retained earnings - beginning of year - (6,797) (4,925) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($8,008) ($3,162) ============================================================= ==================== ==================== ====================
740 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Energy Company (UK) Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $97,254 - - Diversified operations 22,264 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 119,518 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 43,276 - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 29,114 - - Maintenance - - - Depreciation and decommissioning 10,595 - - Income taxes 5,716 - - Property and other taxes 2,342 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 91,043 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 28,474 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 4,558 - - Minority interest (2,706) - - Taxes on nonoperating income (1,413) Other nonoperating income - net 78 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 517 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 28,991 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 13,933 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 13,933 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 15,058 - - Retained earnings - beginning of year 19,518 - - Dividends declared on common stock 3,279 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $37,855 - - ============================================================= ==================== ==================== ====================
741 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro Mission Hydro Mission Hydro (UK) Holdings Company Limited Limited Consolidated Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,083,705 $1,083,705 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (169,327) (79,085) $8,646 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 914,378 1,004,620 8,646 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 47,376 105,164 4,246 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 39,452 39,452 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6,018 6,018 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 92,846 150,634 4,255 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 338,014 338,014 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 338,014 338,014 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,345,238 $1,493,268 $12,901 ============================================================= ==================== ==================== ====================
742 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Mission Hydro (UK) Adjustments Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation ($2,167,410) - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 248,412 $8,646 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (1,918,998) 8,646 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents (152,540) 4,246 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts (78,904) - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (12,036) 9 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (243,480) 4,255 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges (676,028) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (676,028) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($2,838,506) $12,901 - ============================================================= ==================== ==================== ====================
743 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro Mission Hydro Mission Hydro (UK) Holdings Company Limited Limited Consolidated Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $181,987 $276,698 - Additional Paid in Capital - - $8,889 Accumulated other comprehensive income: Cumulative translation adjustments - net (144,392) 33,153 (501) Unrealized gain in equity investments - net - - - Retained Earnings 202,446 (2,994) 4,383 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 240,041 306,857 12,771 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 665,120 665,120 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 905,161 971,977 12,771 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 29,930 29,930 - Short-term debt - - - Account payable 16,447 16,445 130 Accrued taxes 51,005 51,005 - Accrued interest 24,983 24,983 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 122,365 122,363 130 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,445 281,443 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 36,267 36,267 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 317,712 317,710 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 81,218 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,345,238 $1,493,268 $12,901 ============================================================= ==================== ==================== ====================
744 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Mission Hydro (UK) Adjustments Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($485,685) - - Additional Paid in Capital - $8,889 - Accumulated other comprehensive income: Cumulative translation adjustments - net 111,239 (501) - Unrealized gain in equity investments - net - - - Retained Earnings (199,452) 4,383 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (546,898) 12,771 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt (1,330,240) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (1,877,138) 12,771 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt (59,860) - - Short-term debt - - - Account payable (32,892) 130 - Accrued taxes (102,010) - - Accrued interest (49,966) - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (244,728) 130 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (562,888) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (72,534) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (635,422) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (81,218) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($2,838,506) $12,901 - ============================================================= ==================== ==================== ====================
745 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
First Hydro Mission Hydro Mission Hydro (UK) Holdings Company Limited Limited Consolidated Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $343,425 $343,426 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 343,425 343,426 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 92,010 92,010 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 69,315 69,314 $16 Maintenance - - - Depreciation and decommissioning 25,524 25,524 - Income taxes 16,107 16,107 (105) Property and other taxes 17,063 17,063 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 220,019 220,018 (89) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 123,406 123,408 89 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 4,666 4,667 178 Minority interest - (19,692) - Taxes on nonoperating income (1,447) (1,447) (55) Other nonoperating income - net 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 3,220 (16,472) 123 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 126,626 106,936 212 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,231 60,231 - Other interest expense 95 95 - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,326 60,326 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 66,300 46,610 212 Retained earnings - beginning of year 136,146 95,711 892 Dividends declared on common stock - (145,315) 3,279 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $202,446 ($2,994) $4,383 ============================================================= ==================== ==================== ====================
746 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating Mission Hydro (UK) Adjustments Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue ($686,851) - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (686,851) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (184,020) - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses (138,629) $16 - Maintenance - - - Depreciation and decommissioning (51,048) - - Income taxes (32,214) (105) - Property and other taxes (34,126) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (440,037) (89) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (249,814) 89 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (9,333) 178 - Minority interest 19,692 - - Taxes on nonopearating income 2,894 (55) Other nonoperating income - net (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 13,252 123 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (233,562) 212 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (120,462) - - Other interest expense (190) - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (120,652) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (112,910) 212 - Retained earnings - beginning of year (231,857) 892 - Dividends declared on common stock 145,315 3,279 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($199,452) $4,383 - ============================================================= ==================== ==================== ====================
747 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited First Hydro Holdings Company and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro First Hydro First Hydro Company Holdings Company Finance plc - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $10,919 $175 $793,135 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 585,401 7,098 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 596,320 7,273 793,135 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 30,096 625 16,654 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,493 25,033 33,487 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 6,018 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 35,589 25,658 56,159 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 308,050 29,930 33 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 308,050 29,930 33 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $939,959 $62,861 $849,327 ============================================================= ==================== ==================== ====================
748 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited First Hydro Holdings Company and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating First Hydro Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $279,476 $1,083,705 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (761,826) (169,327) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (482,350) 914,378 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1 47,376 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts (24,561) 39,452 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 6,018 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (24,560) 92,846 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 1 338,014 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1 338,014 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($506,909) $1,345,238 - ============================================================= ==================== ==================== ====================
749 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited First Hydro Holdings Company and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro First Hydro First Hydro Company Holdings Company Finance plc - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $181,987 $19 $605,585 Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (267,003) (3,184) 50,911 Unrealized gain in equity investments - net - - - Retained Earnings 24,261 3,574 125,920 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (60,755) 409 782,416 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 657,088 8,032 (36,121) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 596,333 8,441 746,295 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 29,930 - Short-term debt - - - Account payable 37,035 (488) 16,021 Accrued taxes - - 51,005 Accrued interest 24,888 24,980 3 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 61,923 54,422 67,029 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,703 (2) (264) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 36,267 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 281,703 (2) 36,003 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $939,959 $62,861 $849,327 ============================================================= ==================== ==================== ====================
750 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited First Hydro Holdings Company and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating First Hydro Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($605,604) $181,987 - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 74,884 (144,392) - Unrealized gain in equity investments - net - - - Retained Earnings 48,691 202,446 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (482,029) 240,041 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 36,121 665,120 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (445,908) 905,161 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 29,930 - Short-term debt - - - Account payable (36,121) 16,447 - Accrued taxes - 51,005 - Accrued interest (24,888) 24,983 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (61,009) 122,365 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 8 281,445 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 36,267 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 8 317,712 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($506,909) $1,345,238 - ============================================================= ==================== ==================== ====================
751 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited First Hydro Holdings Company and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
First Hydro First Hydro First Hydro Company Holdings Company Finance plc - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - $343,425 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 343,425 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 92,010 Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $1,249 ($194) 68,257 Maintenance - - - Depreciation and decommissioning 8,356 - 13,582 Income taxes (35,141) (18,270) 50,820 Property and other taxes - - 17,063 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (25,536) (18,464) 241,732 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 25,536 18,464 101,693 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 139 59,615 65 Minority interest - - - Taxes on nonoperating income (43) (18,307) (20) Other nonoperating income - net - - 3,067 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 96 41,308 3,112 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 25,632 59,772 104,805 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,232 59,720 - Other interest expense - 92 3 Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,232 59,812 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (34,600) (40) 104,802 Retained earnings - beginning of year 58,861 3,614 186,081 Dividends declared on common stock - - (164,963) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $24,261 $3,574 $125,920 ============================================================= ==================== ==================== ====================
752 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited First Hydro Holdings Company and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating First Hydro Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $343,425 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 343,425 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 92,010 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 69,315 - Maintenance - - - Depreciation and decommissioning 3,586 25,524 - Income taxes 18,698 16,107 - Property and other taxes - 17,063 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 22,287 220,019 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (22,287) 123,406 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (55,153) 4,666 - Minority interest - - - Taxes on nonoperating income 16,923 (1,447) Other nonoperating income - net (3,066) 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (41,296) 3,220 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (63,583) 126,626 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (59,721) 60,231 - Other interest expense - 95 - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (59,721) 60,326 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (3,862) 66,300 - Retained earnings - beginning of year (112,410) 136,146 - Dividends declared on common stock 164,963 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $48,691 $202,446 - ============================================================= ==================== ==================== ====================
753 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $1,083,705 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (79,085) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 1,004,620 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 105,164 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 39,452 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 6,018 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 150,634 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges $61,080 338,014 ($61,080) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 61,080 338,014 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $61,080 $1,493,268 ($61,080) ============================================================= ==================== ==================== ====================
754 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,083,705 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (79,085) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 1,004,620 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 105,164 - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 39,452 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6,018 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 150,634 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 338,014 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 338,014 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,493,268 - - ============================================================= ==================== ==================== ====================
755 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $276,698 - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net ($19) 33,153 $19 Unrealized gain in equity investments - net - - - Retained Earnings (52) (2,994) 52 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (71) 306,857 71 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 61,080 665,120 (61,080) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 61,009 971,977 (61,009) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 29,930 - Short-term debt - - - Account payable 30 16,445 (30) Accrued taxes - 51,005 - Accrued interest - 24,983 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 30 122,363 (30) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 281,443 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 41 36,267 (41) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 41 317,710 (41) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 81,218 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $61,080 $1,493,268 ($61,080) ============================================================= ==================== ==================== ====================
756 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $276,698 - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 33,153 - - Unrealized gain in equity investments - net - - - Retained Earnings (2,994) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 306,857 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 665,120 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 971,977 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 29,930 - - Short-term debt - - - Account payable 16,445 - - Accrued taxes 51,005 - - Accrued interest 24,983 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 122,363 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,443 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 36,267 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 317,710 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 81,218 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,493,268 - - ============================================================= ==================== ==================== ====================
757 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $343,426 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 343,426 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 92,010 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $73 69,314 ($73) Maintenance - - - Depreciation and decommissioning - 25,524 - Income taxes (8) 16,107 8 Property and other taxes - 17,063 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 65 220,018 (65) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (65) 123,408 65 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 21 4,667 (21) Minority interest - (19,692) - Taxes on nonoperating income (8) (1,447) 8 Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 13 (16,472) (13) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (52) 106,936 52 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 60,231 - Other interest expense - 95 - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 60,326 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (52) 46,610 52 Retained earnings - beginning of year - 95,711 - Dividends declared on common stock - (143,315) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($52) ($2,994) $52 ============================================================= ==================== ==================== ====================
758 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $343,426 - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 343,426 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 92,010 - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 69,314 - - Maintenance - - Depreciation and decommissioning 25,524 - - Income taxes 16,107 - - Property and other taxes 17,063 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 220,018 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 123,408 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 4,667 - - Minority interest (19,692) - - Taxes on nonoperating income (1,447) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (16,472) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 106,936 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,231 - - Other interest expense 95 - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,326 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 46,610 - - Retained earnings - beginning of year 95,711 - - Dividends declared on common stock (145,315) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,994) - - ============================================================= ==================== ==================== ====================
759 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Loyvic Pty Ltd EME Victoria Energy Capital Consolidated Generation Limited Partnership Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $766,554 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - 766,554 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - $61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $61,080 $766,554 ============================================================= ==================== ==================== ====================
760 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro EME Generation Consolidating Holdings Company Holdings Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $1,083,705 - ($1,083,705) Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (169,327) - (597,227) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 914,378 - (1,680,932) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 47,376 - (47,376) Receivables, including unbilled revenue, net of allowance for uncollectible accounts 39,452 - (39,452) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6,018 - (6,018) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 92,846 - (92,846) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 338,014 $61,080 (399,094) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 338,014 61,080 (399,094) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,345,238 $61,080 ($2,172,872) ============================================================= ==================== ==================== ====================
761 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
EME Generation Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges $61,080 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 61,080 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $61,080 - - ============================================================= ==================== ==================== ====================
762 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
Loyvic Pty Ltd EME Victoria Energy Capital Consolidated Generation Limited Partnership Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - ($2) $10,390 Unrealized gain in equity investments - net - - - Retained Earnings - 298 (115,359) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - 296 (104,969) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 61,080 746,217 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - 61,376 641,248 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 14,503 Short-term debt - - - Account payable - 9 95,276 Accrued taxes - - - Accrued interest - - 15,528 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 9 123,307 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (1) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 305 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 305 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $61,080 $766,554 ============================================================= ==================== ==================== ====================
763 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro EME Generation Consolidating Holdings Company Holdings Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $181,987 - ($181,987) Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (144,392) ($19) 134,004 Unrealized gain in equity investments - net - - - Retained Earnings 202,446 (52) (87,385) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 240,041 (71) (135,368) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 665,120 61,080 (1,472,417) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 905,161 61,009 (1,607,785) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 29,930 - (44,433) Short-term debt - - - Account payable 16,447 30 (111,732) Accrued taxes 51,005 - (51,005) Accrued interest 24,983 - (40,511) Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 123,365 30 (247,681) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,445 - (281,444) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 36,267 41 (35,962) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 317,712 41 (317,406) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $1,345,238 $61,080 ($2,172,872) ============================================================= ==================== ==================== ====================
764 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1998 (In thousands)
EME Generation Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net ($19) - - Unrealized gain in equity investments - net - - - Retained Earnings (52) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (71) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 61,080 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 61,009 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable 30 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 30 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 41 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 41 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $61,080 - - ============================================================= ==================== ==================== ====================
765 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Loyvic Pty Ltd EME Victoria Energy Capital Consolidated Generation Limited Partnership Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - $33 - Maintenance - - - Depreciation and decommissioning - - - Income taxes - (119) ($2) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - (86) (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 86 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 331 - Minority interest - - - Taxes on nonoperating income (119) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 212 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - 298 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - 63,000 Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - 63,000 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - 298 (62,998) Retained earnings - beginning of year - - (52,361) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $298 ($115,359) ============================================================= ==================== ==================== ====================
766 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
First Hydro EME Generation Consolidating Holdings Company Holdings Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $343,425 - ($343,425) Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 343,425 - (343,425) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 92,010 - (92,010) Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 69,315 $73 (69,348) Maintenance - - - Depreciation and decommissioning 25,524 - (25,524) Income taxes 16,107 (8) (15,986) Property and other taxes 17,063 - (17,063) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 220,019 65 (219,931) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 123,406 (65) (123,494) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 4,666 21 (4,997) Minority interest - - - Taxes on nonoperating income (1,447) (8) 1,566 Other nonoperating income - net 1 - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 3,220 13 (3,432) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 126,626 (52) (126,926) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,231 - (123,231) Other interest expense 95 - (95) Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,326 - (123,326) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 66,300 (52) (3,600) Retained earnings - beginning of year 136,146 - (83,785) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $202,446 ($52) ($87,385) ============================================================= ==================== ==================== ====================
767 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
EME Generation Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $73 - - Maintenance - - - Depreciation and decommissioning - - - Income taxes (8) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 65 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (65) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 21 - - Minority interest - - - Taxes on nonoperating income (8) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 13 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (52) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (52) - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($52) - - ============================================================= ==================== ==================== ====================
768 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Loyvic Pty Ltd Partnership [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $766,554 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 766,554 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $766,554 - - ============================================================= ==================== ==================== ====================
769 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Loyvic Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($766,554) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (766,554) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($766,554) - - ============================================================= ==================== ==================== ====================
770 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Loyvic Pty Ltd Partnership [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $766,554 - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net $10,390 (10,582) - Unrealized gain in equity investments - net - - - Retained Earnings (115,359) 115,547 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (104,969) 871,519 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 746,217 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 641,248 871,519 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 14,503 - - Short-term debt - - - Account payable 95,276 (871,519) - Accrued taxes - - - Accrued interest 15,528 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 125,307 ($871,519) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $766,554 - - ============================================================= ==================== ==================== ====================
771 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Loyvic Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($766,554) - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 192 - - Unrealized gain in equity investments - net - - - Retained Earnings (188) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (766,550) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt (746,217) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (1,512,767) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt (14,053) - - Short-term debt - - - Account payable 776,243 - - Accrued taxes - - - Accrued interest (15,528) - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 746,212 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($766,554) - - ============================================================= ==================== ==================== ====================
772 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Loyvic Pty Ltd Partnership [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes ($2) ($22,747) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (2) (22,747) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2 22,747 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 63,186 - Minority interest - - - Taxes on nonoperating income (22,747) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 40,439 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 2 63,186 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 63,000 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 63,000 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (62,998) 63,186 - Retained earnings - beginning of year (52,361) 52,361 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($115,359) $115,547 - ============================================================= ==================== ==================== ====================
773 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, Loyvic Pty Ltd and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating Loyvic Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes $22,749 - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 22,749 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (22,749) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (63,186) - - Minority interest - - - Taxes on nonoperating income 22,747 Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (40,439) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (63,188) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (63,000) - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (63,000) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (188) - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($188) - - ============================================================= ==================== ==================== ====================
774 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd. Mission Energy Partnership [11] Development Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $766,554 - Investments in leveraged leases - - Other investments - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 766,554 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - $61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $766,554 $61,080 ============================================================= ==================== ==================== ====================
775 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Gippsland Power Loy Yang B Joint EME Victoria Pty Ltd [11] Venture [12] Generation Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $565,143 $1,268,171 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 766,554 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 565,143 2,034,725 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 10,971 23,761 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,537 11,498 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 4,629 9,446 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 21,137 44,705 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 11,214 15,921 $61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 11,214 15,921 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $597,494 $2,095,351 $61,080 ============================================================= ==================== ==================== ====================
776 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating EME Victoria Adjustments Generation Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation ($1,833,314) - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (1,533,108) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (3,366,422) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents (34,732) - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts (17,035) - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (14,075) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (65,842) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges (88,215) $61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (88,215) 61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($3,520,479) $61,080 - ============================================================= ==================== ==================== ====================
777 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Mission Energy Partnership [11] Development Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $766,554 - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net $10,390 (10,582) - Unrealized gain in equity investments - net - - - Retained Earnings (115,359) 115,547 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (104,969) 871,519 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 746,217 - $61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 641,248 871,519 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 14,503 - - Short-term debt - - - Accounts payable 95,276 (871,519) - Accrued taxes - - - Accrued interest 15,528 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 125,307 ($871,519) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $766,554 - $61,080 ============================================================= ==================== ==================== ====================
778 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Gippsland Power Loy Yang B Joint EME Victoria Pty Ltd [11] Venture [12] Generation Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $39,702 $806,256 - Additional Paid in Capital - 174,082 - Accumulated other comprehensive income: Cumulative translation adjustments - net (3,354) (10,578) ($2) Unrealized gain in equity investments - net - - - Retained Earnings 35,206 87,848 298 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 71,554 1,057,608 296 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 422,309 752,325 61,080 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 493,863 1,809,933 61,376 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 14,503 - Short-term debt - - - Account payable (57,856) (234,534) 9 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (57,856) (220,031) 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 18,040 18,038 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 143,447 487,441 (305) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 161,487 505,449 (305) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $597,494 $2,095,351 $61,080 ============================================================= ==================== ==================== ====================
\ 779 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating EME Victoria Adjustments Generation Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($1,612,512) - - Additional Paid in Capital (174,082) - - Accumulated other comprehensive income: Cumulative translation adjustments - net 14,124 ($2) - Unrealized gain in equity investments - net - - - Retained Earnings (123,242) 298 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (1,895,712) 296 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt (1,981,931) 61,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (3,877,643) 61,376 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt (29,006) - - Short-term debt - - - Account payable 1,068,633 9 - Accrued taxes - - - Accrued interest (15,528) - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,024,099 9 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (36,077) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (630,858) (305) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (666,935) (305) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($3,520,479) $61,080 - ============================================================= ==================== ==================== ====================
780 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Energy Capital Enerloy Pty Ltd Mission Energy Partnership [11] Development Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes ($2) ($22,747) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (2) (22,747) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2 22,747 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 63,186 - Minority interest - - - Taxes on nonoperating income (22,747) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 40,439 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 2 63,186 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 63,000 - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 63,000 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (62,998) 63,186 - Retained earnings - beginning of year (52,361) 52,361 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($115,359) $115,547 - ============================================================= ==================== ==================== ====================
781 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Gippsland Power Loy Yang B Joint EME Victoria Pty Ltd [11] Venture [12] Generation Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $88,726 $161,213 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 88,726 161,213 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 10,567 21,522 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 10,153 20,786 $33 Maintenance - - - Depreciation and decommissioning 13,079 27,617 - Income taxes 9,066 3,809 (119) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 42,865 73,734 (86) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 45,861 87,479 86 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 3,145 17,741 331 Minority interest - - - Taxes on nonoperating income (1,132) (6,387) (119) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 2,013 11,354 212 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 47,874 98,833 298 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 29,804 64,052 - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 29,804 64,052 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 18,070 34,781 298 Retained earnings - beginning of year 17,136 53,067 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $35,206 $87,848 $298 ============================================================= ==================== ==================== ====================
782 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, EME Victoria Generation Limited and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating EME Victoria Adjustments Generation Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue ($249,939) - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (249,939) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (32,089) - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses (30,939) $33 - Maintenance - - - Depreciation and decommissioning (40,696) (119) - Income taxes 9,874 - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (93,850) (86) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (156,089) 86 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (84,072) 331 - Minority interest - - - Taxes on nonoperating income 30,266 (119) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (53,806) 212 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (209,895) 298 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (156,856) - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (156,856) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (53,039) 298 - Retained earnings - beginning of year (70,203) - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($123,242) $298 - ============================================================= ==================== ==================== ====================
783 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Enerloy Pty Ltd Energy Capital Consolidating Partnership Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $766,554 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - 766,554 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $766,554 - ============================================================= ==================== ==================== ====================
784 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $766,554 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 766,554 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $766,554 - - ============================================================= ==================== ==================== ====================
785 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Enerloy Pty Ltd Energy Capital Consolidating Partnership Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $766,554 - ($766,554) Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (10,582) $10,390 10,582 Unrealized gain in equity investments - net - - - Retained Earnings 115,547 (115,359) (115,547) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 871,519 (104,969) (871,519) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 746,217 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 871,519 641,248 (871,519) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 14,503 - Short-term debt - - - Account payable (871,519) 95,276 871,519 Accrued taxes - - - Accrued interest - 15,528 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities ($871,519) 125,307 $871,519 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (1) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - $766,554 - ============================================================= ==================== ==================== ====================
786 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Energy Capital Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net $10,390 - - Unrealized gain in equity investments - net - - - Retained Earnings (115,359) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (104,969) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 746,217 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 641,248 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 14,503 - - Short-term debt - - - Account payable 95,276 - - Accrued taxes - - - Accrued interest 15,528 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 125,307 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $766,554 - - ============================================================= ==================== ==================== ====================
787 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Enerloy Pty Ltd Energy Capital Consolidating Partnership Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes ($22,747) ($2) $22,747 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (22,747) (2) 22,747 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 22,747 2 (22,747) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 63,186 - (63,186) Minority interest - - - Taxes on nonoperating income (22,747) 22,747 Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 40,439 - (40,439) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 63,186 2 (63,186) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 63,000 - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 63,000 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 63,186 (62,998) (63,186) Retained earnings - beginning of year 52,361 (52,361) (52,361) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $115,547 ($115,359) ($115,547) ============================================================= ==================== ==================== ====================
788 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, Energy Capital Partnership and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Energy Capital Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes ($2) - - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (2) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - - Minority interest - - - Taxes on nonoperating income - - - Other nonoperating income - net - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - Total other income (deductions) - net 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - Income before interest and other expenses 63,000 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - Interest on long-term debt - - - Other interest expense Allowance for borrowed funds used during - - - construction - - - Capitalized interest Dividends on subsidiary preferred - - - securities - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - Total interest and other expenses - net 63,000 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - Net Income (62,998) - - Retained earnings - beginning of year (52,361) - - Dividends declared on common stock - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - Retained earnings - end of year ($115,359) ============================================================= ==================== ==================== ====================
789 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro First Hydro First Hydro Company Holdings Company Finance plc - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $10,919 $175 $793,135 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 585,401 7,098 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 596,320 7,273 793,135 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 30,096 625 16,654 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,493 25,033 33,487 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 6,018 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 35,589 25,658 56,159 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 308,050 29,930 33 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 308,050 29,930 33 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $939,959 $62,861 $849,327 ============================================================= ==================== ==================== ====================
790 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating First Hydro Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $279,476 $1,083,705 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (761,826) (169,327) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (482,350) 914,378 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 1 47,376 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts (24,561) 39,452 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 6,018 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (24,560) 92,846 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 1 338,014 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1 338,014 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($506,909) $1,345,238 - ============================================================= ==================== ==================== ====================
791 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
First Hydro First Hydro First Hydro Company Holdings Company Finance plc - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $181,987 $19 $605,585 Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (267,003) (3,184) 50,911 Unrealized gain in equity investments - net - - - Retained Earnings 24,261 3,574 125,920 - ------------------------------------------------------------- -------------------- -------------------- -------------------- (60,755) 409 782,416 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 657,088 8,032 (36,121) - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 596,333 8,441 746,295 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 29,930 - Short-term debt - - - Account payable 37,035 (488) 16,021 Accrued taxes - - 51,005 Accrued interest 24,888 24,980 3 Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 61,923 54,422 67,029 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 281,703 (2) (264) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 36,267 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 281,703 (2) 36,003 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $939,959 $62,861 $849,327 ============================================================= ==================== ==================== ====================
792 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating First Hydro Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($605,604) $181,987 - Additional Paid in Capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 74,884 (144,392) - Unrealized gain in equity investments - net - - - Retained Earnings 48,691 202,446 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (482,029) 240,041 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 36,121 665,120 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (445,908) 905,161 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 29,930 - Short-term debt - - - Account payable (36,121) 16,447 - Accrued taxes - 51,005 - Accrued interest (24,888) 24,983 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (61,009) 122,365 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 8 281,445 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 36,267 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 8 317,712 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($506,909) $1,345,238 - ============================================================= ==================== ==================== ====================
793 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
First Hydro First Hydro First Hydro Company Holdings Company Finance plc - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - $343,425 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 343,425 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 92,010 Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $1,249 ($194) 68,257 Maintenance - - - Depreciation and decommissioning 8,356 - 13,582 Income taxes (35,141) (18,270) 50,820 Property and other taxes - - 17,063 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (25,536) (18,464) 241,732 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 25,536 18,464 101,693 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 139 59,615 65 Minority interest - - - Taxes on nonoperating income (43) (18,307) (20) Other nonoperating income - net - - 3,067 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 96 41,308 3,112 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 25,632 59,772 104,805 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 60,232 59,720 - Other interest expense - 92 3 Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 60,232 59,812 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (34,600) (40) 104,802 Retained earnings - beginning of year 58,861 3,614 186,081 Dividends declared on common stock - - (164,963) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $24,261 $3,574 $125,920 ============================================================= ==================== ==================== ====================
794 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited, First Hydro Holdings Company and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating First Hydro Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $343,425 - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 343,425 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 92,010 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses $3 69,315 - Maintenance - - - Depreciation and decommissioning 3,586 25,524 - Income taxes 18,698 16,107 - Property and other taxes - 17,063 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 22,287 220,019 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (22,287) 123,406 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (55,153) 4,666 - Minority interest - - - Taxes on nonoperating income 16,923 (1,447) Other nonoperating income - net (3,066) 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (41,296) 3,220 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (63,583) 126,626 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt (59,721) 60,231 - Other interest expense - 95 - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net (59,721) 60,326 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (3,862) 66,300 - Retained earnings - beginning of year (112,410) 136,146 - Dividends declared on common stock 164,963 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $48,691 $202,446 - ============================================================= ==================== ==================== ====================
795 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Lakeland Power Ltd Lakeland Power Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $149,390 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 149,390 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 58,027 $2 $16 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 12,474 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 544 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 71,045 2 16 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 4,596 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 4,596 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $225,031 $2 $17 ============================================================= ==================== ==================== ====================
796 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $149,390 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($1) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (1) 149,390 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 58,045 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 12,474 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (1) 543 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (1) 71,062 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 4,596 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,596 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($2) $225,048 - ============================================================= ==================== ==================== ====================
797 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Lakeland Power Ltd Lakeland Power Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $2 - - Additional Paid in Capital - - $153 Accumulated other comprehensive income: Cumulative translation adjustments - net (1,448) - 9 Unrealized gain in equity investments - net - - - Retained Earnings 46,792 $189 153 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 45,346 189 315 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 117,715 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 163,061 189 315 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 22,676 - - Short-term debt - - - Account payable 10,720 (187) (298) Accrued taxes (426) - - Accrued interest 3,351 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 36,321 (187) (298) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 25,649 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 25,649 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $225,031 $2 $17 ============================================================= ==================== ==================== ====================
798 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($2) - - Additional Paid in Capital $153 - Accumulated other comprehensive income: Cumulative translation adjustments - net - (1,439) - Unrealized gain in equity investments - net - - - Retained Earnings (8,482) 38,652 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (8,484) 37,366 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 117,715 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (8,484) 155,081 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 22,676 - Short-term debt - - - Account payable - 10,235 - Accrued taxes - (426) - Accrued interest - 3,351 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 35,836 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 25,649 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 25,649 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 8,482 8,482 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($2) $225,048 - ============================================================= ==================== ==================== ====================
799 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Lakeland Power Ltd Lakeland Power Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $97,254 - - Diversified operations - - $1,306 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 97,254 - 1,306 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 43,276 - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 12,609 - 1,313 Maintenance - - - Depreciation and decommissioning 8,584 - - Income taxes 5,815 - (1) Property and other taxes 2,073 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 72,357 - 1,312 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 24,897 - (6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 1,620 - 3 Minority interest - - - Taxes on nonoperating income (502) (1) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 1,118 - 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 26,015 - (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 11,906 - Other interest expense - - 3 Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 11,906 - 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 14,109 - (7) Retained earnings - beginning of year 32,683 $189 160 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $46,792 $189 $153 ============================================================= ==================== ==================== ====================
800 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $97,254 - Diversified operations - 1,306 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 98,560 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 43,276 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 13,922 - Maintenance - - - Depreciation and decommissioning - 8,584 - Income taxes - 5,814 - Property and other taxes - 2,073 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 73,669 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 24,891 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 1,623 - Minority interest ($2,602) (2,602) - (503) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (2,602) (1,482) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (2,602) 23,409 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 11,906 - Other interest expense - 3 - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 11,909 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (2,602) 11,500 - Retained earnings - beginning of year (5,880) 27,152 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8,482) $38,652 - ============================================================= ==================== ==================== ====================
801 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Lakeland Power Ltd Lakeland Power Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation $149,390 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 149,390 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 58,027 $2 $16 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 12,474 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 544 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 71,045 2 16 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges 4,596 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 4,596 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $225,031 $2 $17 ============================================================= ==================== ==================== ====================
802 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $149,390 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($1) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments (1) 149,390 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 58,045 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 12,474 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (1) 543 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (1) 71,062 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 4,596 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,596 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($2) $225,048 - ============================================================= ==================== ==================== ====================
803 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Lakeland Power Ltd Lakeland Power Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock $2 - - Additional Paid in Capital - - $153 Accumulated other comprehensive income: Cumulative translation adjustments - net (1,448) - 9 Unrealized gain in equity investments - net - - - Retained Earnings 46,792 $189 153 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 45,346 189 315 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 117,715 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 163,061 189 315 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt 22,676 - - Short-term debt - - - Account payable 10,720 (187) (298) Accrued taxes (426) - - Accrued interest 3,351 - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 36,321 (187) (298) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 25,649 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits 25,649 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $225,031 $2 $17 ============================================================= ==================== ==================== ====================
804 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock ($2) - - Additional Paid in Capital $153 - Accumulated other comprehensive income: Cumulative translation adjustments - net - (1,439) - Unrealized gain in equity investments - net - - - Retained Earnings (8,482) 38,652 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- (8,484) 37,366 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 117,715 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization (8,484) 155,081 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - 22,676 - Short-term debt - - - Account payable - 10,235 - Accrued taxes - (426) - Accrued interest - 3,351 - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 35,836 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 25,649 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - 25,649 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 8,482 8,482 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities ($2) $225,048 - ============================================================= ==================== ==================== ====================
805 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Lakeland Power Ltd Lakeland Power Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue $97,254 - - Diversified operations - - $1,306 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 97,254 - 1,306 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 43,276 - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses 12,609 - - Maintenance - - 1,313 Depreciation and decommissioning 8,584 - - Income taxes 5,815 - (1) Property and other taxes 2,073 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 72,357 - 1,312 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 24,897 - (6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 1,620 - 3 Minority interest - - - Taxes on nonoperating income (502) (1) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 1,118 - 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses 26,015 - (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt 11,906 - - Other interest expense - - 3 Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net 11,906 - 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income 14,109 - (7) Retained earnings - beginning of year 32,683 $189 160 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $46,792 $189 $153 ============================================================= ==================== ==================== ====================
806 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $97,254 - Diversified operations - 1,306 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 98,560 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 43,276 - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 13,922 - Maintenance - - - Depreciation and decommissioning - 8,584 - Income taxes - 5,814 - Property and other taxes - 2,073 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 73,669 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 24,891 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 1,623 - Minority interest ($2,602) (2,602) (503) Other nonoperating income - net - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (2,602) (1,482) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (2,602) 23,409 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 11,906 - Other interest expense - 3 - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 11,909 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (2,602) 11,500 - Retained earnings - beginning of year (5,880) 27,152 - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8,482) $38,652 - ============================================================= ==================== ==================== ====================
807 MEC International B.V. Rillington Holdings Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Rillington EME del Caribe EME del Caribe [7] Holdings Limited Holding GmbH - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $224,308 $218,276 $218,976 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 224,308 218,276 218,976 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - 6,279 - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 6,279 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $224,308 $224,555 $218,976 ============================================================= ==================== ==================== ====================
808 MEC International B.V. Rillington Holdings Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
EcoElectrica Consolidating Rillington Holdings, Ltd. [8] Adjustments Holdings Limted Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - ($442,584) $218,976 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments - (442,584) 218,976 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - 6,279 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 6,279 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - ($442,584) $225,255 ============================================================= ==================== ==================== ====================
809 MEC International B.V. Rillington Holdings Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Rillington EME del Caribe EME del Caribe [7] Holdings Limited Holding GmbH - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - $43 - Additional Paid in Capital $224,308 224,265 $218,276 Accumulated other comprehensive income: - - - Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings - 162 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 224,308 224,470 218,276 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 224,308 224,470 218,276 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable - - 700 Accrued taxes - 85 - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other - - - current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 85 700 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $224,308 $224,555 $218,976 ============================================================= ==================== ==================== ====================
810 MEC International B.V. Rillington Holdings Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
EcoElectrica Consolidating Rillington Holdings, Ltd. [8] Adjustments Holdings Limted Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - ($43) - Additional Paid in Capital - (442,541) $224,308 Accumulated other comprehensive income: - - - Cumulative translation adjustments - net - - - Unrealized gain in equity investments - net - - - Retained Earnings - 162 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization - (442,584) 224,470 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - - Short-term debt - - - Account payable - - 700 Accrued taxes - 85 Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 785 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities - ($442,584) $225,255 ============================================================= ==================== ==================== ====================
811 MEC International B.V. Rillington Holdings Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Rillington EME del Caribe EME del Caribe [7] Holdings Limited Holding GmbH - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes - ($2) - Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 2 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - 246 - Minority interest - - - Taxes on nonoperating income - (86) - Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - 160 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - 162 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - 162 - Retained earnings - beginning of year - - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $162 - ============================================================= ==================== ==================== ====================
812 MEC International B.V. Rillington Holdings Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
EcoElectrica Consolidating Rillington Holdings, Ltd. [8] Adjustments Holdings Limted Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - - - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - - - Maintenance - - - Depreciation and decommissioning - - - Income taxes - - ($2) Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income - - 246 Minority interest - - - Taxes on nonoperating income - - (86) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net - - 160 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses - - 162 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - - - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income - - 162 Retained earnings - beginning of year - - - Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - $162 ============================================================= ==================== ==================== ====================
813 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership [7] Venture [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - $703,028 $1,268,171 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $171,714 - 766,554 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 171,714 703,028 2,034,725 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents 51 12,789 23,761 Receivables, including unbilled revenue, net of allowance for uncollectible accounts - 5,962 11,498 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 4,817 9,446 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 51 23,568 44,705 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - 4,706 15,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,706 15,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $171,765 $731,302 $2,095,351 ============================================================= ==================== ==================== ====================
814 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Traralgon Power Consolidating Traralgon Power Pty Ltd Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation - - - Accumulated provision for depreciation - - - Construction work in progress - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net of accumulated provision for depreciation - ($1,971,199) - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $79,150 (938,268) $79,150 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other property and investments 79,150 (2,909,467) 79,150 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - (36,601) - Receivables, including unbilled revenue, net of allowance for uncollectible accounts - (17,460) - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - (14,263) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - (68,324) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized debt issuance and reacquisition expense - - - Rate phase-in plan - - - Income tax-related deferred charges - - - Other deferred charges - (20,627) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - (20,627) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $79,150 ($2,998,418) $79,150 ============================================================= ==================== ==================== ====================
815 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership [7] Venture [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - - $806,256 Additional Paid in Capital $169,523 $174,082 174,082 Accumulated other comprehensive income: Cumulative translation adjustments - net (447) (6,263) (10,578) Unrealized gain in equity investments - net - - - Retained Earnings 4,886 51,683 87,848 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 173,962 219,502 1,057,608 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt - 405,600 752,325 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 173,962 625,102 1,809,933 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - - 14,503 Short-term debt - - - Account payable (2,189) (236,986) (234,534) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (2,189) (236,986) (220,031) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (8) - 18,038 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 343,186 487,411 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (8) 343,186 505,449 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $171,765 $731,302 $2,095,351 ============================================================= ==================== ==================== ====================
816 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1998 (In thousands)
Traralgon Power Consolidating Traralgon Power Pty Ltd Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- CAPITALIZATION AND LIABILITIES - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common shareholders' equity: Common Stock - ($806,256) - Additional Paid in Capital - (517,687) - Accumulated other comprehensive income: Cumulative translation adjustments - net ($25,828) 17,288 ($25,828) Unrealized gain in equity investments - net - - - Retained Earnings (2,387) (144,418) (2,387) - ------------------------------------------------------------- -------------------- -------------------- -------------------- (28,215) (1,451,073) (28,215) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Long-term debt 133,068 (1,157,925) 133,068 - ------------------------------------------------------------- -------------------- -------------------- -------------------- - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization 104,853 (2,608,998) 104,853 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Current portion of long-term debt - (14,503) - Short-term debt - - - Account payable (9,585) 473,709 (9,585) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (9,585) 459,206 (9,585) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (16,118) (18,030) (16,118) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - (830,597) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits (16,118) (848,627) (16,118) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total capitalization and liabilities $79,150 ($2,998,419) $79,150 ============================================================= ==================== ==================== ====================
817 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Mission Victoria Latrobe Power Loy Yang B Joint Partnership Partnership [7] Venture [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - $72,487 $161,213 Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 72,487 161,213 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 10,999 21,522 Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - 10,540 20,786 Maintenance - - - Depreciation and decommissioning - 15,381 27,617 Income taxes $30 (5,255) 3,809 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 30 31,665 73,734 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (30) 40,822 87,479 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income (84) 14,597 17,741 Minority interest - - 30 (5,255) (6,387) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net (54) 9,342 11,354 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (84) 50,164 98,833 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - 33,449 64,052 Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - 33,449 64,052 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (84) 16,715 34,781 Retained earnings - beginning of year 4,970 34,968 53,067 Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,886 $51,683 $87,848 ============================================================= ==================== ==================== ====================
818 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1998 (In thousands)
Traralgon Power Consolidating Traralgon Power Pty Ltd Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility revenue - ($233,700) - Diversified operations - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (233,700) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (32,521) - Purchased power - - - Provisions for regulatory adjustment clauses - net - - - Other operating expenses - (31,326) - Maintenance - - - Depreciation and decommissioning - (42,998) - Income taxes $2,350 1,416 $2,350 Property and other taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2,350 (105,429) 2,350 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2,350) (128,271) (2,350) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Provisions for rate phase-in plan - - - Allowance for equity funds used during construction - - - Interest and dividend income 1,347 (32,254) 1,347 Minority interest - - - Taxes on nonoperating income (485) 11,612 (485) Other nonoperating income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income (deductions) - net 862 (20,642) 862 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before interest and other expenses (1,488) (148,913) (1,488) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest on long-term debt - (97,501) - Other interest expense - - - Allowance for borrowed funds used during construction - - - Capitalized interest - - - Dividends on subsidiary preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total interest and other expenses - net - (97,501) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net Income (1,488) (51,412) (1,488) Retained earnings - beginning of year (899) (93,005) (899) Dividends declared on common stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,387) ($144,417) ($2,387) ============================================================= ==================== ==================== ====================
819 MEC International B.V. Equity Investments December 31, 1998 (In thousands)
Name of Entity: Derwent Cogeneration EcoElectria, L.P. ISAB Energy s.r.l. Limited - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $81,459 $190,181 $424,351 Revenues $30,306 Net Income (Loss) $3,108 Nature/Purpose of Business: To own and operate a 214 To own and operate a 540 To own and operate a 512 MW gas-fired, combined MW gas-fired, combined MW cogeneration facility cycle cogeneration cycle cogeneration located in Sicily, Itally facility in the United facility in Puerto Rico Kingdom. Ownership Interest(s) 33% by Mission Energy 99.0% of 50% by 49% by MEC {riolo B.V. Company (UK) Limited EcoElectrica Holdings, Ltd., which is owned 50% by EME del Caribe 1.0% of 50% by EcoElectrica Ltd. which is owned by EcoElectrica Holdings, Ltd., which is owned 50% by EME del Caribe
820 MEC International B.V. Equity Investments December 31, 1998 (In thousands)
Name of Entity: P.T. Paiton Energy Company P.T. Adaro Indonesia San Pascual Cogeneration Company International B.V. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $896,672 $19,079 - Revenues $24,695 - Net Income (Loss) $1,590 - Nature/Purpose of Business: To own and operate a Fuel supplier for P.T. To own and operate a 304 1,230 MW cogeneration Paiton Energy Company MW oil-fired, combined facility located in located in Indonesia cogeneration facility located in Indonesia. Philippines. Ownership Interest(s) 40% by MEC Indonesia B.V. 10% MEC Indo Coal B.V. 50% by MEC San Pascual B.V.
821 MEC International B.V. Equity Investments December 31, 1998 (In thousands)
Name of Entity: Morningstar Holdings B.V. San Pascual Cogeneration Tri Energy Company Limited Company (Philippines) Ltd. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $67 $65,568 Revenues - Net Income (Loss) - Nature/Purpose of Business: To own and operate a 304 To own and operate a 304 To own and operate a 700 MW oil-fired, combined MW oil-fired combined MW combined cycle cogeneration cycle cogeneration cycle cogeneration facility located in Thailand. facility located in facility located in Philippines. Philippines. Ownership Interest(s) 50% by MEC San Pascual 49% by Morningstar 25% EME of Tri Gen B.V. B.V. Holdings B.V. 1% by San Pascual Cogeneration Company International B.V. 822
EXHIBIT B FINANCIAL DATA SCHEDULE The following is provided for Edison International on a consolidated basis: Item No. Caption Heading Amount - ------------------ -------------------------------- ---------------------------- 1. Total Assets $24,697,879,000 2. Total Operating Revenue $10,207,888,000 3. Net Income $ 668,164,000 823 EXHIBIT C EXEMPT WHOLESALE GENERATORS [EWGs] AND FOREIGN UTILITY COMPANIES [FUCOs] 4.01 EPZ MISSION FUNDING MU TRUST [FUCO] 00 Edison International 01 The Mission Group 02 Edison Capital 03 Edison Funding Company 04 Mission Funding Epsilon 05 Mission Funding Alpha 06 Mission Funding Mu 07 EPZ Mission Funding Mu Trust 4.02 EPZ MISSION FUNDING NU TRUST [FUCO] 00 Edison International 01 The Mission Group 02 Edison Capital 03 Edison Funding Company 04 Mission Funding Epsilon 05 Mission Funding Delta 06 Mission Funding Nu 07 EPZ Mission Funding Nu Trust 4.03 AUBURNDALE POWER PARTNERS, L.P. [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Devereaux Energy Company 04 Auburndale Power Partners, L.P. (49%) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 El Dorado Energy Company 04 Auburndale Power Partners, L.P. (1%) 4.04 BROOKLYN NAVY YARD COGENERATION PARTNERS, LP [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy New York, Inc. 04 Brooklyn Navy Yard Cogeneration Partners, LP (50%) 4.05 COMMONWEALTH ATLANTIC LIMITED PARTNERSHIP [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Hanover Energy Company 04 Chickahominy River Energy Corp. 05 Commonwealth Atlantic Limited Partnership (50%) 824 4.06 GORDONSVILLE ENERGY, LP [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Madison Energy Company 04 Gordonsville Energy, LP (49%) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Rapidan Energy Company 04 Gordonsville Energy, LP (1%) 4.07 NEVADA SUN-PEAK LIMITED PARTNERSHIP [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Quartz Peak Energy Company 04 Nevada Sun-Peak Limited Partnership (50%) 4.08 IBERICA DE ENERGIAS, S.A. [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Hydro Energy B.V. (10%) 06 Iberica de Energias, S.A. 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Iberian Hy-Power Amsterdam B.V. 06 Hydro Energy B.V. (90%) 07 Iberica de Energias, S.A. 4.09 ELECTROMETALURGICA DEL EBRO, S.A. [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Hydro Energy B.V. (10%) 06 Iberica de Energias, S.A. 07 Electrometalurgica del Ebro, S.A. (91%) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Iberian Hy-Power Amsterdam B.V. 06 Hydro Energy B.V. (90%) 07 Iberica de Energias, S.A. 08 Electrometalurgica del Ebro, S.A. (91%) 825 4.10 LOY YANG B JOINT VENTURE [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. - --- 05A Loy Yang Holdings Pty Ltd 06A Edison Mission Energy Holdings Pty Ltd 07A Edison Mission Energy Australia Ltd 08A Latrobe Power Partnership (1%) 09A Loy Yang B Joint Venture (51%) - --- 05B Loy Yang Holdings Pty Ltd 06B Latrobe Power Pty Ltd (1%) 07B Mission Victoria Partnership (52.31%) 08B Latrobe Power Partnership (99%) 09B Loy Yang B Joint Venture (51%) - --- 05C Loy Yang Holdings Pty Ltd 06C Mission Energy Ventures Australia Pty Ltd 07C Mission Victoria Partnership (1%) 08C Latrobe Power Partnership (99%) 09C Loy Yang B Joint Venture (51%) - --- 05D Loy Yang Holdings Pty Ltd 06D Traralgon Power Pty Ltd (1%) 07D Mission Victoria Partnership (46.69%) 08D Latrobe Power Partnership (99%) 09D Loy Yang B Joint Venture (51%) - --- 05E Latrobe Power Pty Ltd (99%) 06E Mission Victoria Partnership (52.31%) 07E Latrobe Power Partnership (99%) 08E Loy Yang B Joint Venture (51%) - --- 05F Traralgon Power Pty Ltd (99%) 06F Mission Victoria Partnership (46.69%) 07F Latrobe Power Partnership (99%) 08F Loy Yang B Joint Venture (51%) - --- 05G Mission Energy Company (UK) Limited 06G Mission Hydro (UK) Ltd 07G Mission Hydro Limited Partnership (1%) 08G EME Generation Holdings Ltd 09G EME Victoria Generation Ltd 10G Mission Energy Development Australia Pty Ltd 11G Gippsland Power Pty Ltd 12G Loy Yang B Joint Venture (49%) - --- 05H MEC Wales B.V. (99%) 06H Mission Hydro Limited Partnership (69%) 07H EME Generation Holdings Ltd 08H EME Victoria Generation Ltd 09H Mission Energy Development Australia Pty Ltd 10H Gippsland Power Pty Ltd 11H Loy Yang B Joint Venture (49%) 826 - --- 05I MEC International Holdings B.V. 06I MEC Wales B.V. (1%) 07I Mission Hydro Limited Partnership (69%) 08I EME Generation Holdings Ltd 09I EME Victoria Generation Ltd 10I Mission Energy Development Australia Pty Ltd 11I Gippsland Power Pty Ltd 12I Loy Yang B Joint Venture (49%) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Wales Company 04 Mission Hydro Limited Partnership (30%) 05 EME Generation Holdings Ltd 06 EME Victoria Generation Ltd 07 Mission Energy Development Australia Pty Ltd 08 Gippsland Power Pty Ltd 09 Loy Yang B Joint Venture (49%) 4.11 P. T. PAITON ENERGY COMPANY [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 MEC Indonesia B.V. (99%) 06 P. T. Paiton Energy Company 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 MEC International Holdings B.V. 06 MEC Indonesia B.V. (1%) 07 P. T. Paiton Energy Company 4.12 ISAB ENERGY, s.r.l. [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 MEC Priolo B.V. (99%) 06 ISAB Energy, s.r.l. 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 MEC International Holdings B.V. 06 MEC Priolo B.V. (1%) 07 ISAB Energy, s.r.l. 827 4.13 FIRST HYDRO COMPANY [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. - --- 05J Mission Energy Company (UK) Limited 06J Mission Hydro (UK) Ltd 07J Mission Hydro Limited Partnership (1%) 08J EME Generation Holdings Ltd 09J First Hydro Holdings Company (99%) 10J First Hydro Company (99%) - --- 05K Mission Energy Company (UK) Limited 06K Mission Hydro (UK) Ltd 07K Mission Hydro Limited Partnership (1%) 08K EME Generation Holdings Ltd 09K First Hydro Holdings Company (99%) 10K First Hydro Finance plc 11K First Hydro Company (1%) - --- 05L MEC Wales B.V. (99%) 06L Mission Hydro Limited Partnership (69%) 07L EME Generation Holdings Ltd 08L First Hydro Holdings Company (99%) 09L First Hydro Company (99%) - --- 05M MEC Wales B.V. (99%) 06M Mission Hydro Limited Partnership (69%) 07M EME Generation Holdings Ltd 08M First Hydro Holdings Company (99%) 09M First Hydro Finance plc 10M First Hydro Company (1%) - --- 05N MEC International Holdings B.V. 06N MEC Wales B.V. (1%) 07N Mission Hydro Limited Partnership (69%) 08N EME Generation Holdings Ltd 09N First Hydro Holdings Company (99%) 10N First Hydro Company (99%) - --- 05O MEC International Holdings B.V. 06O MEC Wales B.V. (1%) 07O Mission Hydro Limited Partnership (69%) 08O EME Generation Holdings Ltd 09O First Hydro Holdings Company (99%) 10O First Hydro Finance plc 11O First Hydro Company (1%) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Wales Company 04 Mission Hydro Limited Partnership (30%) 05 EME Generation Holdings Ltd 06 First Hydro Holdings Company (99%) - --- 07 First Hydro Company (99%) - --- 07 First Hydro Finance plc 08 First Hydro Company (1%) 828 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Mission Energy Company (UK) Limited 06 Mission Hydro (UK) Ltd 07 First Hydro Holdings Company (1%) 08 First Hydro Company (99%) - --- 08 First Hydro Finance plc 09 First Hydro Company (1%) 4.14 DERWENT COGENERATION LIMITED [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Mission Energy Company (UK) Limited 06 Derwent Cogeneration Limited (33%) 4.15 LAKELAND POWER LIMITED [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Mission Energy Company (UK) Limited 06 Pride Hold Limited (99%) 07 Lakeland Power Limited (80%) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Pride Hold Limited (1%) 06 Lakeland Power Limited (80%) 4.16 KWINANA POWER PARTNERSHIP [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 MEC Perth B.V. (99%) 06 Kwinana Power Partnership 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 MEC International Holdings B.V. 06 MEC Perth B.V. (1%) 07 Kwinana Power Partnership 829 4.17 EME TRI GEN B.V. [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 EME Tri Gen B.V. 06 Tri Energy Company Limited (25%) EX-27 2
OPUR3 Exhibit 27 to Edison International Form U-3A-2 for 12/31/98 12-MOS DEC-31-1998 JAN-01-1998 DEC-31-1998 PER-BOOK 24,697,879,000 10,207,888,000 668,164,000
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