-----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, GYApQFxEkxfStoe3AHYiDN0Vh2TBKJVc/ryZv/1JsXpdsR8NQGR3r9wqP6LDVm/Q eqbyYcPwstiKzOr3LYHJrQ== 0000912057-00-009077.txt : 20000302 0000912057-00-009077.hdr.sgml : 20000302 ACCESSION NUMBER: 0000912057-00-009077 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AES CORPORATION CENTRAL INDEX KEY: 0000874761 STANDARD INDUSTRIAL CLASSIFICATION: COGENERATION SERVICES & SMALL POWER PRODUCERS [4991] IRS NUMBER: 541163725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: SEC FILE NUMBER: 070-09465 FILM NUMBER: 558083 BUSINESS ADDRESS: STREET 1: 1001 N 19TH ST STREET 2: STE 2000 CITY: ARLINGTON STATE: VA ZIP: 22209 BUSINESS PHONE: 7035221315 35-CERT 1 35-CERT UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 The AES Corporation ) File No. 70-9465 Certificate Pursuant to Rule 24 and Release No. 35-27063 Under the Public Utility Holding Company Act of 1935 On August 20, 1999, the Securities and Exchange Commission ("SEC") issued an order in this proceeding, Release No. 35-27063 in File No. 70-9465 ("Exemption Order") granting an exemption under Section 3(a)(5) of the Public Utility Holding Company Act of 1935, as amended, ("the Act") to The AES Corporation ("AES") in relation to its proposed acquisition of CILCORP Inc. ("CILCORP"), which has a public-utility subsidiary company, Central Illinois Light Company ("CILCO"). The Exemption Order required AES to file certain certificates (as described in the Exemption Order) under rule 24 within 60 days of the closing of each calendar quarter for a period of three years beginning September 30, 1999 and every six months thereafter. The acquisition of CILCORP by AES occurred on October 18, 1999 (as previously noticed to the Commission on October 28, 1999). Accordingly, this is AES' first filing pursuant to the Exemption Order. The requested certificate is set forth below (as an attachment) for the period ending December 31, 1999. Respectfully submitted, /s/ Earle H. O'Donnell ------------------------------------- Earle H. O'Donnell, Esq. Donna M. Attanasio, Esq. Dewey Ballantine LLP 1775 Pennsylvania Avenue, NW Washington, D.C. 20006 Dated: February 29, 2000 THE AES CORPORATION SEC FILING PURSUANT TO SECTION 3(a)(5) EXEMPTION ORDER QUARTER ENDED DECEMBER 31, 1999 ITEM (1) PER EXEMPTION ORDER (STATEMENTS ATTACHED): 1) Statement of Income of The AES Corporation for the 12 months ended December 31, 1999: a) 12 months ended December 31, 1999 pro rata consolidated income statement b) 12 months ended December 31, 1999 GAAP consolidated income statement 2) Balance Sheet of The AES Corporation at December 31, 1999 a) GAAP Basis Consolidated Balance Sheet b) Pro Rata Consolidated Balance Sheet 3) Statement of Income of CILCORP for the 12 months ended December 31, 1999 4) Statement of Income of CILCO for the 12 months ended December 31, 1999 5) Consolidated Balance Sheet of CILCORP at December 31, 1999 6) Consolidated Balance Sheet of CILCO at December 31, 1999 THE AES CORPORATION CONSOLIDATED STATEMENT OF OPERATIONS - PRORATA FOR THE PERIOD ENDED DECEMBER 31, 1999
- -------------------------------------------------------- Twelve Months % ENDED OF 12/31/99 SALES - -------------------------------------------------------- ($ in millions, except per share amounts) REVENUES: Sales and services $ 4,309 100% OPERATING COSTS AND EXPENSES: Cost of sales and services 2,977 69% Selling, general and administrative expenses 71 2% Provision to reduce contract receivables 6 - ----------- TOTAL OPERATING COSTS AND EXPENSES 3,053 71% ----------- OPERATING INCOME 1,256 29% OTHER INCOME AND (EXPENSE): Interest expense (817) -19% Interest and other income 176 3% Foreign currency transaction gain (loss) (195) - INCOME BEFORE INCOME TAXES AND MINORITY INTEREST 420 10% Income tax provision 111 3% Minority interest 64 1% ----------- INCOME BEFORE EXTRAORDINARY ITEM 245 6% Extraordinary item, net of tax - Early extinguishment of debt (17) 0% ----------- NET INCOME $ 228 5% ===========
THE AES CORPORATION CONSOLIDATED STATEMENT OF OPERATIONS FOR THE PERIOD ENDED DECEMBER 31, 1999
- ---------------------------------------------------------------- Twelve Months % Ended OF 12/31/99 SALES - ---------------------------------------------------------------- ($ in millions, except per share amounts) REVENUES: Sales and services $ 3,253 100% OPERATING COSTS AND EXPENSES: Cost of sales and services 2,249 69% Selling, general and administrative expenses 71 2% Provision to reduce contract receivables 8 - ----------- TOTAL OPERATING COSTS AND EXPENSES 2,328 71% ----------- OPERATING INCOME 925 29% OTHER INCOME AND (EXPENSE): Interest expense (641) -20% Interest and other income 106 2% Foreign currency transaction gain (loss) 9 - Equity in earnings of affiliates (before income tax): Earnings of affiliates $ 224 Foreign currency transaction loss (203) ---------- Total 21 21 1% ----------- INCOME BEFORE INCOME TAXES AND MINORITY INTEREST 420 13% Income tax provision 111 3% Minority interest 64 2% ----------- INCOME BEFORE EXTRAORDINARY ITEM 245 8% Extraordinary item, net of tax - Early extinguishment of debt (17) -1% ----------- NET INCOME $ 228 7% ===========
The AES Corporation GAAP Consolidated Balance Sheet December 31, 1999
31-Dec-99 ----------- ($ in millions) ASSETS CURRENT ASSETS Cash and cash equivalents 750 Short-term investments 27 Accounts receivable, net 858 Intercompany receivable 0 Inventory 315 Receivable from affiliates 0 Deferred income taxes 385 Prepaid expenses and other current assets 322 ----------- TOTAL CURRENT ASSETS 2,657 PROPERTY, PLANT AND EQUIPMENT Land 219 Electric generation and distribution assets 13,130 Accumulated depreciation and amortization (750) Construction in progress 1,517 ----------- PROPERTY, PLANT AND EQUIPMENT, NET 14,115 OTHER ASSETS Deferred financing costs 333 Accumulated amortization (98) Project development costs 65 Investments in and advances to affiliates 1,570 Debt service reserves and other deposits 347 Electricity sales concessions and contracts 1,061 Goodwill 802 Other assets 892 Balancing Account 0 ----------- TOTAL OTHER ASSETS 4,972 =========== TOTAL 21,744 =========== LIABILITIES & STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable 378 Intercompany payable 0 Accrued interest 269 Accrued and other liabilities 656 Other notes payable - current portion 336 Project financing debt - current portion 508 ----------- TOTAL CURRENT LIABILITIES 2,145 LONG-TERM LIABILITIES Project financing debt 9,358 Other notes payable 2,417 Intercompany loans 0 Deferred incomes taxes 2,173 Other long-term liabilities 641 ----------- TOTAL LONG-TERM LIABILITIES 14,589 Minority interest 1,340 TECONS 1,068 Preferred Stocks 66 STOCKHOLDERS' EQUITY Common Stock 2 Contributed capital / Additional paid in capital2,602 Retained earnings 892 Net income (Loss) 229 Accumulated other comprehensive loss (1,189) ----------- TOTAL STOCKHOLDERS' EQUITY 2,536 =========== TOTAL 21,744 ===========
THE AES CORPORATION PRORATA CONSOLIDATED BALANCE SHEET DECEMBER 31, 1999 (UNAUDITED)
December 31, 1999 --------------------- ($ in millions) ASSETS Current Assets Cash and cash equivalents 752 Short-term investments 27 Accounts receivable, net 894 Inventory 315 Deferred income taxes 442 Prepaid expenses and other current assets 558 --------------------- Total current assets 2,988 Property, Plant and Equipment Land 219 Electric generation and distribution assets 13,156 Accumulated depreciation and amortization -755 Construction in progress 1,589 --------------------- Property, plant and equipment, net 14,209 Other Assets Deferred financing costs, net 246 Project development costs 81 Investments in and advances to affiliates 2,008 Debt service reserves and other deposits 401 Electricity sales concessions and contracts 1,087 Goodwill 795 Other assets 944 --------------------- Total other assets 5,562 ===================== Total 22,759 ===================== LIABILITIES & STOCKHOLDERS' EQUITY Current Liabilities Accounts payable 857 Accrued interest 302 Accrued and other liabilities 672 Other notes payable - current portion 336 Project financing debt - current portion 511 --------------------- Total current liabilities 2,678 Long-Term Liabilities Project financing debt 9,224 Other notes payable 2,420 Deferred incomes taxes 2,187 Other long-term liabilities 655 --------------------- Total long-term liabilities 14,486 Minority interest 1,209 TECONS 1,068 Preferred Stock 66 Stockholders' Equity Common Stock 2 Additional paid in capital 6,802 Retained earnings 1,067 Accumulated other comprehensive loss -4,619 --------------------- Total stockholders' equity 3,252 ===================== Total 22,759 =====================
Consolidated Statements of Income CILCORP Inc. and Subsidiaries
Twelve Months Ended 12/31/99 Revenue: Electric Utility $ 372,714 Gas Utility 180,760 Other businesses 27,376 -------------- Total 580,850 -------------- Operating expenses: Fuel for generation and purchased power 137,999 Gas purchased for resale 112,315 Other operations and maintenance 178,610 Depreciation and amortization 70,246 Taxes, other than income taxes 40,308 -------------- Total 539,478 -------------- Fixed charges and other: Interest expense 36,968 Preferred stock dividends of subsidiary 3,208 Allowance for funds used during construction (158) Other 1,037 -------------- Total 41,055 -------------- Income from continuing operations before income taxes 317 Income taxes 162 -------------- Net income (loss) from continuing operations 155 Income (Loss) from operations of discontinued business, net of taxes (620) Extraordinary Item -------------- Net income (loss) before minority interest (465) Minority Interest - -------------- Net income (loss) (465) Other comprehensive income - -------------- Comprehensive income (loss) $ (465) ==============
Central Illinois Light Company Consolidated Statements of Income
For the Years Ended December 31 1999 (In thousands) Operating Revenues: Electric $372,714 Gas 180,760 -------- Total Operating Revenues 553,474 -------- Operating Expenses: Cost of Fuel 77,748 Cost of Gas 99,293 Purchased Power 60,251 Other Operations and Maintenance 153,885 Depreciation and Amortization 66,686 Income Taxes 11,276 State and Local Taxes on Revenue 26,930 Other Taxes 13,335 -------- Total Operating Expenses 509,404 -------- Operating Income 44,070 -------- Other Income and Deductions: Cost of Equity Funds Capitalized -- CILCO-owned Life Insurance, Net (1,037) Other, Net (558) -------- Total Other Income and (Deductions) (1,595) -------- Income Before Interest Expenses 42,475 -------- Interest Expenses: Interest on Long-term Debt 19,234 Cost of Borrowed Funds Capitalized (158) Other 4,150 -------- Total Interest Expenses 23,226 -------- Net Income Before Extraordinary Item and Preferred Dividends 19,249 Extraordinary Item -- -------- Net Income Before Preferred Dividends 19,249 Dividends on Preferred Stock 3,208 -------- Net Income Available for Common Stock $ 16,041 -------- Other Comprehensive Income 785 Comprehensive Income $ 16,826 ========
Consolidated Balance Sheets CILCORP Inc. and Subsidiaries
Assets (As of December 31) 1999 (In thousands) Current Assets: Cash and Temporary Cash Investments $ 11,220 Receivables, Less Reserves of $1,296 and $3,411 60,072 Accrued Unbilled Revenue 35,526 Fuel, at Average Cost 14,392 Materials and Supplies, at Average Cost 16,165 Gas in Underground Storage, at Average Cost 21,196 Prepayments and Other 20,970 ---------- Total Current Assets 179,541 ---------- Investments and Other Property: Investment in Leveraged Leases 143,697 Other Investments 27,219 ---------- Total Investments and Other Property 170,916 ---------- Property, Plant and Equipment: Utility Plant, at Original Cost Electric 624,889 Gas 208,520 ---------- 833,409 Less-Accumulated Provision for Depreciation 8,898 ---------- 824,511 Construction Work in Progress 38,068 Other, Net of Depreciation 298 ---------- Total Property, Plant and Equipment 862,877 ---------- Other Assets: Goodwill, Net of Accumulated Amortization of $2,881 569,983 Other 47,636 ---------- Total Other Assets 617,619 ---------- Total Assets $1,830,953 ==========
Consolidated Balance Sheets CILCORP Inc. and Subsidiaries
Liabilities and Stockholders' Equity (As of December 31) 1999 (In thousands) Current Liabilities: Current Portion of Long-Term Debt $ 30,000 Notes Payable 91,900 Accounts Payable 41,429 Accrued Taxes 14,670 Accrued Interest 18,296 FCA/PGA Over-Recoveries 127 Other 5,742 ---------- Total Current Liabilities 202,164 ---------- Long-Term Debt 731,760 ---------- Deferred Credits and Other Liabilities: Deferred Income Taxes 237,557 Regulatory Liability of Regulated Subsidiary 31,367 Deferred Investment Tax Credit 17,791 Other 76,106 ---------- Total Deferred Credits 362,821 ---------- Preferred Stock of Subsidiary 66,120 ---------- Stockholders' Equity: Common Stock, no par value; Authorized 10,000 and 50,000,000 shares - Outstanding 1,000 and 13,610,680 shares -- Additional Paid in Capital 468,833 Retained Earnings (745) Accumulated Other Comprehensive Income -- ---------- Total Stockholders' Equity 468,088 ---------- Total Liabilities and Stockholders' Equity $1,830,953 ==========
Central Illinois Light Company Consolidated Balance Sheets Assets
As of December 31 1999 (In thousands) Utility Plant, At Original Cost: Electric $1,263,190 Gas 431,887 ---------- 1,695,077 Less-Accumulated Provision for Depreciation 870,566 ---------- 824,511 Construction Work in Progress 38,068 Plant Acquisition Adjustments, Net of Amortization -- ---------- Total Utility Plant 862,579 ---------- Other Property and Investments: Cash Surrender Value of Company-owned Life Insurance (Net of Related Policy Loans of $53,558 in 1999 and $48,132 in 1998) 3,106 Other 1,179 ---------- Total Other Property and Investments 4,285 ---------- Current Assets: Cash and Temporary Cash Investments 8,548 Receivables, Less Reserves of $1,296 and $1,106 42,410 Accrued Unbilled Revenue 35,071 Fuel, at Average Cost 14,392 Materials and Supplies, at Average Cost 15,967 Gas in Underground Storage, at Average Cost 21,196 Prepaid Taxes 6,165 Other 20,878 ---------- Total Current Assets 164,627 ---------- Deferred Debits: Unamortized Loss on Reacquired Debt 2,941 Unamortized Debt Expense 1,552 Prepaid Pension Cost 259 Other 20,037 ---------- Total Deferred Debits 24,789 ---------- Total Assets $1,056,280 ==========
Central Illinois Light Company Consolidated Balance Sheets Capitalization and Liabilities
As of December 31 1999 (In thousands) Capitalization: Common Shareholder's Equity: Common Stock, No Par Value; Authorized 20,000,000 Shares; Outstanding 13,563,871 Shares $ 185,661 Additional Paid in Capital 27,000 Retained Earnings 121,564 Accumulated Other Comprehensive Income (60) ---------- Total Common Shareholder's Equity 334,165 Preferred Stock Without Mandatory Redemption 44,120 Preferred Stock With Mandatory Redemption 22,000 Long-term Debt 237,934 ---------- Total Capitalization 638,219 ---------- Current Liabilities: Current Maturities of Long-Term Debt 30,000 Notes Payable 46,900 Accounts Payable 35,859 Accrued Taxes 25,520 Accrued Interest 9,485 PGA Over-Recoveries 127 Level Payment Plan 956 Other 4,714 ---------- Total Current Liabilities 153,561 ---------- Deferred Liabilities and Credits: Accumulated Deferred Income Taxes 136,077 Regulatory Liability 31,367 Investment Tax Credits 17,792 Capital Lease Obligation 1,183 Other 78,081 ---------- Total Deferred Liabilities and Credits 264,500 ---------- Total Capitalization and Liabilities $1,056,280 ==========
The accompanying Notes to the Consolidated Financial Statements are an integral part of these balance sheets. ITEM (2) PER EXEMPTION ORDER (INCOME STATEMENT AMOUNTS ARE 12 MONTHS ENDED): CILCO/CILCORP CONTRIBUTIONS TO AES/CILCORP CONSOLIDATED HOLDING COMPANY (GAAP BASIS) ($MM)
---------------------------------------------------- ------------------------ 12 MOS. 12/31/99 ---------------------------------------------------- ------------------------ GROSS REVENUES %-CILCO 15.14% CILCO 562 AES 3,253 AES/CILCORP 3,713 ---------------------------------------------------- ------------------------ GROSS REVENUES %-CILCORP 15.65% CILCORP (Including CILCO) 581 AES 3,253 AES/CILCORP 3,713 ---------------------------------------------------- ------------------------ NET OPERATING REVENUES %-CILCO 12.69% CILCO 376 AES 2,655 AES/CILCORP 2,962 ---------------------------------------------------- ------------------------ NET OPERATING REVENUES %-CILCORP 13.64% CILCORP (Including CILCO) 404 AES 2,655 AES/CILCORP 2,962 ---------------------------------------------------- ------------------------ OPERATING INCOME %-CILCO 5.78% CILCO 55 AES 925 AES/CILCORP 952 ---------------------------------------------------- ------------------------ OPERATING INCOME %-CILCORP 4.30% CILCORP (Including CILCO) 41 AES 925 AES/CILCORP 952 ---------------------------------------------------- ------------------------ NET INCOME %-CILCO 6.99% CILCO 16 AES 228 AES/CILCORP 229 ---------------------------------------------------- ------------------------ NET INCOME %-CILCORP -.44% CILCORP (Including CILCO) (1) AES 228 AES/CILCORP 229 ---------------------------------------------------- ------------------------ NET ASSETS %-CILCO 4.86% CILCO 1,056 AES 21,744 AES/CILCORP 21,744 ---------------------------------------------------- ------------------------ NET ASSETS %-CILCORP 8.42% CILCORP (Including CILCO) 1,831 AES 21,744 AES/CILCORP 21,744 ---------------------------------------------------- ------------------------
CILCO/CILCORP CONTRIBUTIONS TO AES/CILCORP CONSOLIDATED HOLDING COMPANY (PRO RATA CONSOLIDATION BASIS) ($MM)
---------------------------------------------------- ------------------------ 12 MOS. 12/31/99 ---------------------------------------------------- ------------------------ GROSS REVENUES %-CILCO 11.78% CILCO 562 AES 4,309 AES/CILCORP 4,769 ---------------------------------------------------- ------------------------ GROSS REVENUES %-CILCORP 12.18% CILCORP (Including CILCO) 581 AES 4,309 AES/CILCORP 4,769 ---------------------------------------------------- ------------------------ NET OPERATING REVENUES %-CILCO 9.49% CILCO 376 AES 3,656 AES/CILCORP 3,963 ---------------------------------------------------- ------------------------ NET OPERATING REVENUES %-CILCORP 10.19% CILCORP (Including CILCO) 404 AES 3,656 AES/CILCORP 3,963 ---------------------------------------------------- ------------------------ OPERATING INCOME %-CILCO 4.29% CILCO 55 AES 1,256 AES/CILCORP 1,283 ---------------------------------------------------- ------------------------ OPERATING INCOME %-CILCORP 3.20% CILCORP (Including CILCO) 41 AES 1,256 AES/CILCORP 1,283 ---------------------------------------------------- ------------------------ NET INCOME %-CILCO 6.99% CILCO 16 AES 228 AES/CILCORP 229 ---------------------------------------------------- ------------------------ NET INCOME %-CILCORP -.44% CILCORP (Including CILCO) (1) AES 228 AES/CILCORP 229 ---------------------------------------------------- ------------------------ NET ASSETS %-CILCO 4.64% CILCO 1,056 AES 22,759 AES/CILCORP 22,759 ---------------------------------------------------- ------------------------ NET ASSETS %-CILCORP 8.05% CILCORP (Including CILCO) 1,831 AES 22,759 AES/CILCORP 22,759 ---------------------------------------------------- ------------------------
ITEM (3) PER EXEMPTION ORDER - GENERATION INFORMATION: AES Generating Plants in Operation at December 31, 1999 (excluding CILCO):
AES AES Capacity Interest Equity Regulatory UNIT Country (MW) (%) (MW) Status ---- ------- ---- --- ------ AES Deepwater USA 143 100.00 143.00 QF AES Beaver Valley USA 125 100.00 125.00 QF AES Placerita USA 120 100.00 120.00 QF AES Thames USA 181 100.00 181.00 QF AES Shady Point USA 320 100.00 320.00 QF AES Hawaii USA 180 100.00 180.00 QF AES Warrior Run USA 180 100.00 180.00 QF AES Eastern Energy (6 plants) USA 1,437 100.00 1437.00 EWG AES Alamitos USA 2,083 100.00 2,083.00 EWG AES Redondo Beach USA 1,310 100.00 1,310.00 EWG AES Huntington Beach USA 563 100.00 563.00 EWG AES Kingston Canada 110 50.00 55.00 EWG AES San Nicholas Argentina 650 69.00 448.50 EWG AES Cabra Corral Argentina 102 98.00 99.96 FUCO AES El Tunal Argentina 10 98.00 9.80 FUCO AES Sarmiento Argentina 33 98.00 32.34 FUCO AES Ullum Argentina 45 98.00 44.10 FUCO AES Quebrada Argentina 45 100.00 45.00 FUCO Fontes Nova-Light Brazil 144 13.75 19.80 FUCO Ilha dos Pombos - Light Brazil 164 13.75 22.55 FUCO Nilo Pecanha - Light Brazil 380 13.75 52.25 FUCO Pereira Passos - Light Brazil 100 13.75 13.75 FUCO CEMIG (37 plants) Brazil 5,668 20.96* 1,188.14 FUCO EGE Bayano Panama 192 49.00 94.08 FUCO EGE Chiriqui Panama 90 49.00 44.10 FUCO AES Los Mina Dom. Rep. 210 100.00 210.00 EWG ECOGEN (2 plants) Australia 966 100.00 966.00 FUCO AES Mt. Stuart Australia 288 100.00 288.00 FUCO AES Xiangci - Cili China 26 51.00 13.26 FUCO AES Wuxi China 63 55.00 34.65 FUCO Wuhu China 250 25.00 62.50 FUCO Yangchun China 15 25.00 3.75 FUCO Chengdu Lotus City China 48 35.00 16.80 FUCO AES Jiaozou China 250 70.00 175.00 FUCO AES Hefei China 115 70.00 80.50 FUCO AES Fuling Aixi Kazakhstan 50 70.00 35.00 FUCO AES Ekibastuz Kazakhstan 4,000 70.00 2,800.00 FUCO AES Ust-Kamenogorsk GES Kazakhstan 332 85.00 282.20 FUCO AES Shulbinsk GES Kazakhstan 702 85.00 596.70 FUCO AES Ust-Kamenogorsk TETS Kazakhstan 240 85.00 204.00 FUCO AES Leninogorsk TETS Kazakhstan 50 85.00 42.50 FUCO AES Sogrinsk TETS Kazakhstan 50 85.00 42.50 FUCO AES Semiplatinsk TETS Kazakhstan 10 85.00 8.50 FUCO OPGC India 420 49.00 205.80 FUCO AES Lal Pir Pakistan 351 90.00 315.90 FUCO
AES Pak Gen Pakistan 344 90.00 309.60 FUCO AES Borsod Hungary 171 96.00 164.16 FUCO AES Tisza II Hungary 860 96.00 825.60 FUCO AES Tiszapalkonya Hungary 250 96.00 240.00 FUCO AES Elsta Netherlands 405 50.00 202.50 FUCO Medway U.K. 688 25.00 172.00 FUCO AES Indian Queens U.K. 140 100.00 140.00 EWG Kilroot U.K. 520 47.00 244.40 FUCO Belfast West U.K. 240 47.00 112.80 FUCO AES Barry U.K. 230 100.00 230.00 FUCO AES Drax Power Ltd. U.K. 3960 100.00 3960 FUCO AES Tiete (10 plants) Brazil 2644 39.00 1031 FUCO TOTAL - December 31, 1999 33,263 23056.99 Pct. Of Foreign Generation 80.03% 71.20% * CEMIG owns 21.648% of 36 plants accounting for 5,458 MW and 3.14% of 1 plant accounting for 210 MW.
CILCO Generating Plants at December 31, 1999:
AES AES Equity Capacity Interest (MW) Regulatory UNIT COUNTRY (MW) (%) STATUS ---- ------- ---- --- ------ Edwards (3 units) USA 740 100.00 740 IL PUC Duck Creek USA 366 100.00 366 IL PUC Indian Trails USA 16 100.00 16 IL PUC Sterling Avenue USA 30 100.00 30 IL PUC -- -- TOTAL - December 31, 1999 1,152 1,152
Revenues from generation capacity - 12 months ended December 31, 1999:
($MM) CILCO 149 6% AES (excluding CILCO) 2,210 94% ----- --- Total 2,359 100%
CILCO's electric revenues are allocated between electric generation and electric distribution activities according to utility rate base. AES generation revenues are derived from the total generation revenues earned by AES subsidiaries times the percentage ownership interest of AES in those subsidiaries. As this is the first certificate filed by AES in response to the Exemption Order, the requirement to report changes during the period since the last report is not applicable. Changes will be reported on a going-forward basis. ITEM (4) PER EXEMPTION ORDER - ELECTRIC AND GAS DISTRIBUTION:
($MM) CILCO elec/gas transmission/distribution assets at December 31, 1999 755 Total AES (excl CILCO) electric distr. assets at December 31, 1999 4,921 Total transmission and distribution assets 5,676 CILCO elec/gas transm/distr revenues - 12 mos. December 31, 1999 404 AES (excl CILCO) electric distr. revenues - 12 mos. December 31, 1999 1,978 ----- Total electric/gas transm/distr. revenues 2,382
CILCO's electric revenues are allocated between electric generation and electric distribution activities according to utility rate base. AES distribution revenues are derived from the total distribution revenues earned by AES subsidiaries times the percentage ownership interest of AES in those subsidiaries. As this is the first certificate filed by AES in response to the SEC's Exemption Order, the requirement to report changes during the period since the last report is not applicable. Changes will be reported on a going-forward basis. ITEM (5) PER EXEMPTION ORDER: CILCO has not sold or transferred any electric and/or gas utility assets to any affiliate company of the AES consolidated holding company system. ITEM (6) PER EXEMPTION ORDER: No application has been made to nor has any order been received from the Illinois Commerce Commission that involves AES' ownership position of AES oversight over the operations of CILCO or CILCORP. SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, as amended, AES has duly caused this certificate to be signed on its behalf on this 29th day of February, 2000 by the undersigned thereunto duly authorized. The AES Corporation By: /s/ William R. Luraschi ----------------------------- William R. Luraschi General Counsel and Secretary -----END PRIVACY-ENHANCED MESSAGE-----