-----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, A9hYLytUQU9Z68GsnCn4ZOz+kaNp+EiXoUOhAznHMd+65gBrUIEYUBuEHMnImNex 0a2zRR80xnYFY8sjxTnzfQ== 0000898430-97-000024.txt : 19970107 0000898430-97-000024.hdr.sgml : 19970107 ACCESSION NUMBER: 0000898430-97-000024 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970106 SROS: AMEX SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PG&E CORP CENTRAL INDEX KEY: 0001004980 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 943234914 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 1935 Act SEC FILE NUMBER: 069-00405 FILM NUMBER: 97501414 BUSINESS ADDRESS: STREET 1: 77 BEALE ST STREET 2: P O BOX 770000 MAIL CODE B32 CITY: SAN FRANCISCO STATE: CA ZIP: 94177 BUSINESS PHONE: 4159737000 MAIL ADDRESS: STREET 1: 77 BEALE ST B32 STREET 2: PO BOX 770000 CITY: SAN FRANCISCO STATE: CA ZIP: 94177 FORMER COMPANY: FORMER CONFORMED NAME: PG&E PARENT CO INC DATE OF NAME CHANGE: 19951214 U-3A-2 1 STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM U-3A-2 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 - -------------------------------------------------------------------------------- PG&E CORPORATION 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. 1.1. PG&E Corporation ("Claimant") PG&E Corporation 77 Beale Street P.O. Box 770000 San Francisco, CA 94177 Claimant, incorporated under the laws of the State of California, is a holding company formed by Pacific Gas and Electric Company, a public utility. On January 1, 1997, Claimant became the parent of PG&E pursuant to a corporate reorganization plan. Claimant is also the parent of nonutility subsidiaries formerly owned by PG&E. 1.2. Subsidiaries 1.2.1. Pacific Gas and Electric Company ("PG&E") 77 Beale Street P.O. Box 770000 San Francisco, CA 94177 PG&E is incorporated under the laws of the State of California. All of the common stock of PG&E is owned by Claimant. PG&E is an operating public utility engaged principally in the business of supplying electric and natural gas service throughout most of Northern and Central California. 1.2.1.1. Alberta and Southern Gas Co. Ltd. 1500 Bankers Hall 855 Second Street., SW Calgary, Alberta T2P 4J7 Alberta and Southern Gas Co. Ltd., incorporated under the laws of Alberta, is a wholly-owned Canadian subsidiary of PG&E. Alberta and Southern Gas Co. Ltd. purchases natural gas in Canada for the California market. 1 1.2.1.1.1. Alberta and Southern Gas Marketing, Inc. 1500 Bankers Hall 855 Second Street., SW Calgary, Alberta T2P 4J7 Alberta and Southern Gas Marketing, Inc. is a wholly-owned subsidiary of Alberta and Southern Gas Co. Ltd. Alberta and Southern Gas Marketing, Inc. has marketed natural gas in non- California markets. 1.2.1.2. Mission Trail Insurance (Cayman) Ltd. P.O. Box 1051 GT Grand Cayman, Cayman Islands, BWI Mission Trail Insurance (Cayman) Ltd., incorporated under the laws of the Cayman Islands, is a wholly-owned subsidiary of PG&E. Mission Trail Insurance (Cayman) Ltd. underwrites various classes of insurance for PG&E and its subsidiaries and affiliates. 1.2.1.3. Natural Gas Corporation of California P.O. Box 770000 77 Beale Street, 32nd Floor San Francisco, CA 94177 Natural Gas Corporation of California, incorporated under the laws of the State of California, is a wholly-owned subsidiary of PG&E. Natural Gas Corporation of California acts as the vehicle for the amortization of certain regulatory assets. 1.2.1.3.1. NGC Production Company P.O. Box 770000 77 Beale Street, 32nd Floor San Francisco, CA 94177 NGC Production Company, incorporated under the laws of the State of California, is a wholly-owned subsidiary of Natural Gas Corporation of California. NGC Production Company facilitates project financing for Natural Gas Corporation of California's capital requirements. 1.2.1.4. Pacific Conservation Services Company P.O. Box 770000 77 Beale Street, 32nd Floor San Francisco, CA 94177 Pacific Conservation Services Company, incorporated under the laws of the State of California, is a wholly-owned subsidiary of PG&E. Pacific Conservation Services Company engages in borrowing and lending operations required to fund PG&E conservation loan programs. 1.2.1.5. Calaska Energy Company P.O. Box 770000 77 Beale Street, 32nd Floor 2 San Francisco, CA 94177 Calaska Energy Company, incorporated under the laws of the State of California, is a wholly-owned subsidiary of PG&E. Calaska Energy Company was PG&E's representative in the Alaska Highway Pipeline Project, which was formed to bring Prudhoe Bay natural gas to the lower 48 states. 1.2.1.6. Eureka Energy Company P.O. Box 770000 77 Beale Street, 32nd Floor San Francisco, CA 94177 Eureka Energy Company, incorporated under the laws of the State of California, is a wholly-owned subsidiary of PG&E. Eureka Energy Company formerly managed the Utah coal venture on behalf of PG&E, and currently owns Marre Ranch in San Luis Obispo County. 1.2.1.7. Standard Pacific Gas Line, Inc. P.O. Box 770000 77 Beale Street, 32nd Floor San Francisco, CA 94177 Standard Pacific Gas Line, Inc., incorporated under the laws of the State of California, is a subsidiary of PG&E. Standard Pacific Gas Line, Inc. transports natural gas in California. PG&E owns a 85.71% interest and Chevron Pipe Line Company owns the remaining 14.29% interest. 1.2.1.8. Pacific California Gas System, Inc. P.O. Box 770000 77 Beale Street, 32nd Floor San Francisco, CA 94177 Pacific California Gas System, Inc., incorporated under the laws of the State of California, is a wholly-owned subsidiary of PG&E. Pacific California Gas System, Inc. is inactive. 1.2.1.9. Pacific Energy Fuels Company P.O. Box 770000 77 Beale Street, 32nd Floor San Francisco, CA 94177 Pacific Energy Fuels Company, incorporated under the laws of the State of California, is a wholly-owned subsidiary of PG&E. Pacific Energy Fuels Company owns and finances nuclear fuel inventory previously owned by Pacific Energy Trust. 1.2.1.10. Pacific Gas Properties Company P.O. Box 770000 77 Beale Street, 32nd Floor San Francisco, CA 94177 3 Pacific Gas Properties Company, incorporated under the laws of the State of California, is a wholly-owned subsidiary of PG&E. Pacific Gas Properties Company owns Alaska and California properties. 1.2.2. PG&E Gas Holdings ("Gas Holdings") 77 Beale Street San Francisco, CA 94105 Gas Holdings, incorporated under the laws of the State of California, is a gas holding company formed by PG&E. In December, 1996, Gas Holdings became a wholly-owned subsidiary of Claimant. 1.2.2.1. Pacific Gas Transmission Company ("PGT") 2100 SW River Parkway Portland, Oregon 97201 PGT, incorporated under the laws of the State of California, is a wholly-owned subsidiary of Gas Holdings. PGT owns and operates gas transmission pipelines and associated facilities capable of transporting natural gas from the Canada-U.S. border to the Oregon-California border. 1.2.2.1.1. PGT Australia Pty Ltd Level 24, Waterfront Place One Eagle Street Brisbane, Queensland 40000 Australia PGT Australia Pty Ltd, incorporated under the laws of Australia, is a wholly-owned subsidiary of PGT. PGT Australia Pty Ltd was formed to pursue new business development opportunities in Australia. PGT Australia Pty Ltd also acts as Trustee of PGT Queensland Unit Trust (see below). 1.2.2.1.2. Pacific Gas Transmission International, Inc. Level 24, Waterfront Place One Eagle Street Brisbane, Queensland 40000 Australia Pacific Gas Transmission International, Inc., incorporated under the laws of the State of California, is a wholly-owned subsidiary of PGT. Pacific Gas Transmission International, Inc. owns 99% of the beneficial interest of PGT Queensland Unit Trust. 1.2.2.1.3. PGT Queensland Pty Ltd Level 24, Waterfront Place One Eagle Street Brisbane, Queensland 40000 Australia 4 PGT Queensland Pty Ltd, incorporated under the laws of Australia, is a wholly-owned subsidiary of PGT. PGT Queensland Pty Ltd operates a natural gas pipeline and associated facilities in Australia capable of transporting natural gas within the State of Queensland. PGT Queensland Pty Ltd also owns one percent of the beneficial interest of PGT Queensland Unit Trust. 1.2.2.1.3.1. PGT Queensland Unit Trust Level 24, Waterfront Place One Eagle Street Brisbane, Queensland 40000 Australia PGT Queensland Unit Trust, created under the laws of Australia, owns all of the assets comprising the PGT Queensland Gas Pipeline in Queensland, Australia. All the beneficial interests in PGT Queensland Unit Trust are owned by Pacific Gas Transmission International, Inc. and PGT Queensland Pty Ltd. 1.2.2.1.4. PGT Victoria Pty Ltd Level 17, The Chifley Tower 2 Chifley Square Sydney, NSW 2000 Australia PGT Victoria Pty Ltd, incorporated under the laws of Australia, is a wholly-owned subsidiary of PGT. PGT Victoria Pty Ltd was created in anticipation of the expansion of business operations in Australia. It currently does no business. 1.2.2.1.5. PGT Western Australia Pty Ltd Level 17, The Chifley Tower 2 Chifley Square Sydney, NSW 2000 Australia PGT Western Australia Pty Ltd, incorporated under the laws of Australia, is a wholly-owned subsidiary of PGT. PGT Western Australia Pty Ltd was created in anticipation of the expansion of business operations in Australia. It currently does no business. 1.2.2.1.6. PGT Nominees Pty Ltd Level 17, The Chifley Tower 2 Chifley Square Sydney, NSW 2000 Australia PGT Nominees Pty Ltd, incorporated under the laws of Australia, is a wholly-owned subsidiary of PGT. PGT 5 Nominees Pty Ltd was created in anticipation of the expansion of business operations in Australia. It currently does no business. 1.2.2.1.7. Energy Source, Inc. 10375 Richmond Ave. Suite 300 Houston, Texas 77042 Energy Source, Inc., incorporated under the laws of the State of California, is a wholly-owned subsidiary of PGT. Energy Source, Inc. was created to hold the gas marketing operations of Edisto Resources Corporation. Energy Source, Inc. has offices in Houston, Tulsa, Pittsburgh, and New York, with a customer base in the Northeast and Midwest regions of the United States. 1.2.2.1.7.1. 708559 Alberta Ltd 335 8th Ave, SW Suite 1740 Calgary, Alberta T2P1CP 708559 Alberta Ltd, incorporated under the laws of Canada, is a wholly-owned subsidiary of Energy Source, Inc. 708559 Alberta Ltd was created to hold the Canadian gas marketing operation of Edisto Resources Corporation. 708559 Alberta Ltd has a gas marketing office in Calgary, Alberta, Canada. 1.2.3. PG&E Enterprises ("Enterprises") 444 Market Street, Suite 1900 San Francisco, CA 94111 Enterprises, incorporated under the laws of the State of California, is a wholly-owned subsidiary of Claimant. Enterprises engages in nonutility electric generation, power plant operations and services, power marketing, energy management services and real estate development. 1.2.3.1. PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 PG&E Generating Company, incorporated under the laws of the State of California, is a wholly-owned subsidiary of Enterprises. Through its subsidiaries, PG&E Generating Company owns cogeneration and other energy related projects; has ownership interests in a number of independent power projects in operation or under development; and develops real estate in PG&E's service territory. In addition, some subsidiaries of PG&E Generating Company have made fuel-related investments and a limited number of non-energy related investments. 1.2.3.1.1. BPS I, Inc. California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 6 San Francisco, CA 94111 1.2.3.1.1.1. Solano Business Park Associates, L.P. California partnership 4615 Cowell Blvd Davis, CA 95616 1.2.3.1.2. Conaway Conservancy Group Joint Venture California partnership 4615 Cowell Blvd Davis, CA 95616 1.2.3.1.3. The Conaway Ranch Company California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.4. DPR, Inc. California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.5. Gilia Enterprises California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.6. Valley Real Estate, Inc. California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.6.1. Alhambra Pacific (Joint Venture) California partnership 4615 Cowell Blvd Davis, CA 95616 1.2.3.1.6.2. Davis Villas Associates Joint Venture (Greystone Apts.) California partnership 4615 Cowell Blvd Davis, CA 95616 7 1.2.3.1.6.3. McSweeney Ranch Joint Venture California partnership 4615 Cowell Blvd Davis, CA 95616 1.2.3.1.6.4. Oat Creek Associates Joint Venture California partnership 4615 Cowell Blvd Davis, CA 95616 1.2.3.1.7. APLOMADO POWER CORPORATION California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.8. BEALE GENERATING COMPANY Delaware corporation 89% owned by PG&E Generating Company 7500 Old Georgetown Road Bethesda, MD 20814 1.2.3.1.8.1. J. MAKOWSKI COMPANY, INC. Delaware corporation 100% owned by Beale Generating Company One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.1. BEACON GAS SERVICES, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.2. BOWDOIN STORAGE SERVICES, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.3. ELEKTROGAZ VENTURES, LTD. Poland partnership 100% owned by J. Makowski Company, Inc. One Bowdoin Square 8 Boston, MA 02114 1.2.3.1.8.1.4. J. MAKOWSKI (NETHERLANDS), B.V. Netherlands 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.5. J. MAKOWSKI (TEXAS), INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 J. Makowski (Texas), Inc. holds a 1% LP interest in Bowdoin Fuel Services, L.P. (below) 1.2.3.1.8.1.6. J. MAKOWSKI ASSOCIATES, INC. Massachusetts corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.6.1. NORTHEAST GAS MARKETS, INC. Massachusetts corporation 100% owned by J. Makowski Associates, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.6.1.1. NORTHEAST GAS, INC. Delaware corporation 100% owned by Northeast Gas Markets, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.7. J. MAKOWSKI MANAGEMENT CORPORATION Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 9 1.2.3.1.8.1.8. J. MAKOWSKI PITTSFIELD, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.9. J. MAKOWSKI SERVICES, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.10. JMC ALTRESCO, INC. Colorado corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.10.1. ALTRESCO, INC. Colorado corporation 100% owned by JMC Altresco, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.10.1.1. PITTSFIELD GENERATING COMPANY, L.P. (formerly ALTRESCO PITTSFIELD, L.P.) Delaware partnership 99% owned by Altresco, Inc. One Bowdoin Square Boston, MA 02114 (see 4.x) The 1% interest is held by Pittsfield Partners, Inc. 1.2.3.1.8.1.10.2. ALTRESCO LYNN, INC. Colorado corporation 100% owned by JMC Altresco, Inc. One Bowdoin Square Boston, MA 02114 10 1.2.3.1.8.1.10.2.1. ALTRESCO LYNN, L.P. Delaware partnership 99% owned by Altresco Lynn, Inc. One Bowdoin Square Boston, MA 02114 The 1% interest is held by Pittsfield Partners, Inc. 1.2.3.1.8.1.10.3. BERKSHIRE PITTSFIELD, INC. Colorado corporation 100% owned by JMC Altresco, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.10.3.1. BERKSHIRE PITTSFIELD, L.P. Delaware partnership 50% owned by Berkshire Pittsfield, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.10.3.2. BERKSHIRE FEEDLINE ACQUISITION, LIMITED PARTNERSHIP Massachusetts partnership 1% owned by Berkshire Pittsfield, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.10.4. PITTSFIELD PARTNERS, INC. Colorado corporation 100% owned by JMC Altresco, Inc. One Bowdoin Square Boston, MA 02114 Pittsfield Partners, Inc. holds a 1% LP interest in Pittsfield Generating 11 Company, L.P. and Altresco Lynn, L.P. (above). 1.2.3.1.8.1.11. JMC AVOCA, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.11.1. AVOCA NATURAL GAS STORAGE New York general partnership 46.8781640% owned by JMC Avoca, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.12. JMC BEACON, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.13. JMC BETHPAGE, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.13.1. TBG COGEN PARTNERS New York general partnership 10% owned by JMC Bethpage, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.14. JMC CALDAS, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.15. JMC CAYUTA, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. 12 One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.16. JMC DEVELOPMENT COMPANY, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.17. JMC INTERNATIONAL, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.18. JMC IROQUOIS, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.19. JMC NORTHWEST VENTURES, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.20. JMC OCEAN STATE CORPORATION Rhode Island corporation 100% owned by J. Makowski Company, Inc. 1575 Sherman Farm Road, Route 98 Harrisville, RI 02830 1.2.3.1.8.1.20.1. OCEAN STATE POWER Rhode Island general partnership 10.1% owned by JMC Ocean State Corporation 1575 Sherman Farm Road, Route 98 Harrisville, RI 02830 1.2.3.1.8.1.20.2. OCEAN STATE POWER II Rhode Island general partnership 10.1% owned by JMC Ocean State Corporation 13 1575 Sherman Farm Road, Route 98 Harrisville, RI 02830 1.2.3.1.8.1.20.2.1. OSP FINANCE COMPANY Delaware corporation 6.05% owned by Ocean State Power 6.05% owned by Ocean State Power II 1575 Sherman Farm Road, Route 98 Harrisville, RI 02830 1.2.3.1.8.1.21. JMC PIPELINE SERVICES COMPANY, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.22. JMC PORTLAND (INVESTORS), INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.22.1. PORTLAND NATURAL GAS TRANSMISSION SYSTEM Maine general partnership 6.6% owned by JMC Portland (Investors), Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.23. JMC SELKIRK HOLDINGS, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.23.1. JMC SELKIRK, INC. Delaware corporation 100% owned by JMC Selkirk Holdings, Inc. One Bowdoin Square Boston, MA 02114 14 1.2.3.1.8.1.23.1.1. PENTAGEN INVESTORS, L.P. (formerly JMCS I INVESTORS, L.P.) Delaware partnership 46.57% owned by JMC Selkirk, Inc. (in addition to JMC Selkirk, Inc.'s 3.43% interest) One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.23.1.2. SELKIRK COGEN PARTNERS, L.P. Delaware partnership 25.76% owned by Pentagen Investors, L.P. (in addition to JMC Selkirk, Inc.'s 22.4% direct interest) One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.23.1.3. SELKIRK COGEN FUNDING CORPORATION Delaware corporation 51.2% owned by Pentagen Investors, L.P. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.23.2. JMCS I HOLDINGS, INC. Delaware corporation 100% owned by JMC Selkirk Holdings, Inc. One Bowdoin Square Boston, MA 02114 JMCS I Holdings, Inc. holds a 3.43% interest in PentaGen Investors, L.P. (above) 1.2.3.1.8.1.24. JMC (STORAGE), INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.25. JMCS I MANAGEMENT, INC. 15 Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.26. JMC (U.K.), LTD. Delaware partnership 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.26.1. J. MAKOWSKI (CBM), LTD. U.K. 100% owned by JMC (U.K.), LTD. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.27. JMC WEST LYNN, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.28. MAKOWSKI (CLEAN ENERGY) INVESTORS, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.29. MAKOWSKI NORTHWEST, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.30. MAKOWSKI SELKIRK HOLDINGS, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.31. MASSPOWER, INC. Delaware corporation 100% owned by J. Makowski Company, Inc. 16 One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.31.1. MASSPOWER Massachusetts general partnership 30% owned by Masspower, Inc. One Bowdoin Square Boston, MA 02114 (Also see Springfield Generating Company, L.P., which owns an additional 17.5% of MASSPOWER) 1.2.3.1.8.1.32. ORCHARD GAS CORPORATION Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.33. U.S. GENERATING (CANADA), LTD. (formerly J. Makowski (Canada), Ltd.) Canada partnership 100% owned by J. Makowski Company, Inc. 3450, 205-5th Avenue, S.W. Calgary, Alberta T2P 2V7 1.2.3.1.8.1.33.1. JMC STEUBEN, INC. Delaware corporation One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.33.2. STEUBEN PIPELINE SERVICES, INC. Delaware corporation One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.34. USGEN FUEL SERVICES, INC. (formerly JMC Fuel Services, Inc.) Delaware corporation 100% owned by J. Makowski Company, Inc. One Bowdoin Square Boston, MA 02114 1.2.3.1.8.1.34.1. BOWDOIN FUEL SERVICES, L.P. Delaware partnership 79% owned by Usgen Fuel Services, Inc. One Bowdoin Square Boston, MA 02114 The 1% interest is held by J. Makowski (Texas), Inc. 17 1.2.3.1.9. BLACK HAWK POWER CORPORATION California corporation 100% owned by PG&E Generating Company 1.2.3.1.9.1. HAMILTON GENERATING COMPANY, L.P. Delaware partnership 51% owned by Black Hawk Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.10. BLACK HAWK I POWER CORPORATION California corporation 100% owned by PG&E Generating Company 1.2.3.1.10.1. CATAULA GENERATING COMPANY, L.P. Delaware partnership 51% owned by Black Hawk I Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.11. BLACK HAWK II POWER CORPORATION California corporation 100% owned by PG&E Generating Company 1.2.3.1.11.1. MUSCOGEE GENERATING COMPANY, L.P. Delaware partnership 51% owned by Black Hawk II Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.12. BLACK HAWK III POWER CORPORATION California corporation 100% owned by PG&E Generating Company 1.2.3.1.12.1. RICHMOND GENERATING COMPANY, L.P. Delaware partnership 51% owned by Black Hawk III Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 18 1.2.3.1.13. BRODIA ENTERPRISES California corporation 100% owned by PG&E Generating Company 1.2.3.1.13.1. WALLKILL GENERATING COMPANY, L.P. Delaware partnership 51% owned by Brodia Enterprises 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.14. BRODIA I ENTERPRISES California corporation 100% owned by PG&E Generating Company 1.2.3.1.14.1. WALLKILL TRANSPORT COMPANY, L.P. Delaware partnership 51% owned by Brodia I Enterprises 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.15. CARACARA POWER CORPORATION California corporation 100% owned by PG&E Generating Company 1.2.3.1.15.1. LONGVIEW GENERATING COMPANY, L.P. Delaware partnership 51% owned by Caracara Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.16. COOPER'S HAWK POWER CORPORATION California corporation 100% owned by PG&E Generating Company 1.2.3.1.16.1. CITRUS GENERATING COMPANY, L.P. Delaware partnership 49% owned by Cooper's Hawk Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 The 2% interest is held by PG&E Generating Company 1.2.3.1.17. CORMORANT POWER CORPORATION California corporation 100% owned by PG&E Generating Company 19 1.2.3.1.17.1. ROTTERDAM GENERATING COMPANY, L.P. Delaware partnership 49% owned by Cormorant Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 The 2% interest is held by PG&E Generating Company 1.2.3.1.18. EAGLE POWER CORPORATION California corporation 100% owned by PG&E Generating Company 1.2.3.1.18.1. GRANITE GENERATING COMPANY, L.P. Delaware partnership 50% owned by Eagle Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.18.1.1. GRANITE WATER SUPPLY COMPANY, INC. Delaware corporation 50% owned by Granite Generating Company, L.P. 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.18.2. KEYSTONE COGENERATION COMPANY, L.P. Delaware partnership 50% owned by Eagle Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.18.2.1. KEYSTONE URBAN RENEWAL, LIMITED PARTNERSHIP Delaware partnership 50% of 99% owned by Keystone Cogeneration Company, L.P. 7500 Old Georgetown Rd. Bethesda, MD 20814 The 1% interest is owned by Granite Generating Company, L.P. 1.2.3.1.18.3. LOGAN GENERATING COMPANY, L.P. (formerly KEYSTONE ENERGY SERVICES COMPANY, L.P.) 20 Delaware partnership 50% owned by Eagle Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.19. FALCON POWER CORPORATION California corporation 100% owned by PG&E Generating Company 1.2.3.1.19.1. SCRUBGRASS POWER CORPORATION Pennsylvania corporation 100% owned by Falcon Power Corporation 1.2.3.1.19.2. SCRUBGRASS GENERATING COMPANY, L.P. Delaware partnership 50% owned by Falcon Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 Including 24.87% interest owned by Scrubgrass Power Corporation 1.2.3.1.19.2.1. CLEARFIELD PROPERTIES, INC. Delaware corporation 50% (including Scrubgrass Power Corporation) of 100% owned by Scrubgrass Generating Company, L.P. 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.19.2.2. LEECHBURG PROPERTIES, INC. Delaware corporation 50% (including Scrubgrass Power Corporation) of 100% owned by Scrubgrass Generating Company, L.P. 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.20. GOSHAWK POWER CORPORATION California corporation 100% owned by PG&E Generating Company 1.2.3.1.20.1. SPRINGFIELD GENERATING COMPANY, L.P. Delaware partnership 50% owned by Goshawk Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 21 Springfield Generating Company, L.P. also holds a 17.5% GP interest in MASSPOWER (see above). 1.2.3.1.21. HARLAN POWER CORPORATION California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.21.1. UMATILLA GENERATING COMPANY, L.P. Delaware partnership 51% owned by Harlan Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.22. HARRIER POWER CORPORATION California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.23. HERON POWER CORPORATION California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.23.1. GATOR GENERATING COMPANY, L.P. Delaware partnership 79.2% owned by Heron Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.24. IBIS POWER CORPORATION California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.24.1. COBISA-PERSON LIMITED PARTNERSHIP Delaware partnership 40% owned by Ibis Power Corporation 820 Gessner Road, Suite 930 Houston, Texas 77024 1.2.3.1.25. JAEGER POWER CORPORATION 22 California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.25.1. NORTHAMPTON GENERATING COMPANY, L.P. Delaware partnership 50% owned by Jaeger Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.25.1.1. NORTHAMPTON FUEL SUPPLY COMPANY, INC. Delaware corporation 50% of 100% owned by Northampton Generating Company, L.P. 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.25.1.2. NORTHAMPTON WATER SUPPLY, INC. Delaware corporation 50% of 100% owned by Northampton Generating Company, L.P. 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.26. KESTREL POWER CORPORATION California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.26.1. SILVER CITY ENERGY, LIMITED PARTNERSHIP Delaware partnership 34% owned by Kestrel Power Corporation 250 West Pratt Street Baltimore, MD 21201 1.2.3.1.27. KITE POWER CORPORATION California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 23 1.2.3.1.27.1. USGEN POWER SERVICES, L.P. (formerly INDIANA GENERATING COMPANY, L.P.) Delaware partnership 51% owned by Kite Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.28. LARKSPUR POWER CORPORATION California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.28.1. HERMISTON GENERATING COMPANY, L.P. Delaware partnership 80% owned by Larkspur Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.29. MERLIN POWER CORPORATION California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.29.1. FELLOWS GENERATING COMPANY, L.P. Delaware partnership 51% owned by Merlin Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.30. OSPREY POWER CORPORATION California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.30.1. EAST SYRACUSE GENERATING COMPANY, L.P. (Delaware) Delaware partnership 50% owned by Osprey Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.31. PACIFIC ENERGY SERVICES COMPANY 24 California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.32. PELICAN POWER CORPORATION California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.32.1. OKEELANTA POWER, LIMITED PARTNERSHIP Florida partnership 37.54% owned by Pelican Power Corporation 316 Royal Poinciana Plaza Palm Beach, FL 33480 1.2.3.1.33. PEREGRINE POWER CORPORATION California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.33.1. CHAMBERS COGENERATION, LIMITED PARTNERSHIP Delaware partnership 45% owned by Peregrine Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.34. PG&E OPERATING SERVICES COMPANY California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.34.1. U.S. OPERATING SERVICES COMPANY California partnership 50% owned by PG&E Operating Services Company 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.35. PLOVER POWER CORPORATION (formerly HARLAN POWER CORPORATION) California corporation 100% owned by PG&E Generating Company 25 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.35.1. PLOVER GENERATING COMPANY, L.P. Delaware partnership 51% owned by Plover Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.36. RAPTOR HOLDINGS COMPANY California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.36.1. GRAY HAWK POWER CORPORATION California corporation 100% voting rights to Raptor Holding Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.36.1.1. CEDAR BAY COGENERATION, INC. Delaware corporation 100% owned by Gray Hawk Power Corporation 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.36.1.1.1. CEDAR BAY GENERATING COMPANY, L.P. Delaware partnership 80% owned by Gray Hawk Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.36.2. PG&E MANAGEMENT SERVICES COMPANY California corporation 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.37. RED TAIL POWER CORPORATION California corporation 100% owned by PG&E Generating Company 26 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.37.1. EVENDALE GENERATING COMPANY, L.P. Delaware partnership 49% owned by Red Tail Power Corporation 7500 Old Georgetown Rd. Bethesda, MD 20814 The 2% is held by PG&E Generating Company 1.2.3.1.38. TOYAN ENTERPRISES California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.1.38.1. INDIANTOWN COGENERATION, L.P. Delaware partnership 48% owned by Toyan Enterprises 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.38.1.1. INDIANTOWN COGENERATION FUNDING CORPORATION Delaware corporation 48% of 100% owned by IndianTown Cogeneration, L.P. 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.39. U.S. GENERATING COMPANY California partnership 50% owned by PG&E Generating Company 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.39.1. FIRST OREGON LAND CORPORATION Delaware corporation 50% of 100% owned by U.S. Generating Company 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.39.2. TOPAZ POWER CORPORATION Delaware corporation 50% of 100% owned by U.S. Generating Company 7500 Old Georgetown Rd. 27 Bethesda, MD 20814 1.2.3.1.39.3. GARNET POWER CORPORATION Delaware corporation 50% of 100% owned by U.S. Generating Company 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.39.3.1. CARNEYS POINT GENERATING COMPANY Delaware partnership 50% of 100% owned through Topaz Power Corporation and Garnet Power Corporation, which each own 50% 7500 Old Georgetown Rd. Bethesda, MD 20814 1.2.3.1.40. WHITE TAIL POWER CORPORATION California corporation 100% owned by PG&E Generating Company 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.2. PG&E Generating International Company ("PG&E Generating International") 444 Market Street, Suite 1900 San Francisco, CA 94111 PG&E Generating International, incorporated under the laws of the State of California, is a wholly-owned subsidiary of Enterprises. PG&E Generating International is a holding company for overseas project companies. 1.2.3.2.1. Gannet Power Corporation California corporation 100% owned by PG&E Generating International 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.2.1.1. SAM II Equity Funding, LLC Delaware limited liability corporation CT Corporation 1209 Orange Street Wilmington, Delaware 19901 1.2.3.2.1.2. SAM II Generating Company (US), Inc. Massachusetts corporation 28 One Bowdoin Square Boston, MA 02114 1.2.3.2.1.3. Samalayuca Construction Management Corporation Delaware corporation CT Corporation 1209 Orange Street Wilmington, Delaware 19901 1.2.3.2.1.4. Samalayuca II Management, LLC 1.2.3.2.1.4.1. SAM II Generating Company (Cayman), Ltd. 1.2.3.2.1.4.1.1. Samalayuca Holding Partnership 1.2.3.2.1.4.1.1.1. Compania Samalayuca II S.A, DE C.V. Mexico Avenida Ejercito Nacional 5925, Torre 1, Apt 110, Jardines de San Jose Ciudad Juarez Chihuahua, Mexico 1.2.3.2.1.4.1.1.2. Samalayuca II Management, S. de R.L. de C.V. 1.2.3.2.2. PG&E Generating International (Cayman), Ltd. Cayman Islands partnership 100% owned by PG&E Generating International Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.2.1. International Generating Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. International Generating Company, Ltd. is involved in managing the development, construction and operation of international electric generation projects. 29 1.2.3.2.2.1.1. International Generating Company, Inc. Delaware corporation One Bowdoin Square Boston, MA 02114 1.2.3.2.2.1.2. International Generating Company (Hong Kong) Limited Hong Kong partnership Rooms 4101-3, 41st Floor Lippo Tower, Lippo Center 89 Queensway, Hong Kong 1.2.3.2.2.1.3. International Generating Company (U.K.) Limited U.K. partnership 20 S. James Street, 4th Floor London SW1A1ES U.K. 1.2.3.2.3. PG&E Generating International (Cayman) I, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.3.1. Dabhol Generating Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.3.1.1. Power Enterprises Corporation Limited (Bermuda) Bermuda partnership Conyers, Dill & Pearman Clarendon House, Church Street Hamilton, Bermuda HM11 1.2.3.2.3.1.2. Power Enterprises (Bermuda), L.P. Bermuda partnership Conyers, Dill & Pearman Clarendon House, Church Street Hamilton, Bermuda HM11 30 1.2.3.2.3.1.2.1. DPC Holdings C.V. Netherlands The Netherlands Schouwburgplein 30-34, 3012 CL Rotterdam, The Netherlands 1.2.3.2.3.1.2.2. Energy Enterprises (Mauritius) Company (Mauritius) Mauritius 3rd Floor, Astor Court Building Georges Guibert Street Port Louis, Mauritius 1.2.3.2.4. PG&E Generating International (Cayman) II, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.4.1. Caldera Generating Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.4.1.1. Caldera Enterprises, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.5. PG&E Generating International (Cayman) III, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.6. PG&E Generating International (Cayman) IV, Ltd Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 31 1.2.3.2.6.1. Quezon Generating Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.6.1.1. Ogden Quezon Power, Inc. Cayman Islands limited liability company Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.7. PG&E Generating International (Cayman) V, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.7.1. InterGen Pipeline Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.8. PG&E Generating International (Cayman) VI, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.8.1. PPN Generating Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.8.1.1. PPNG, Ltd. Cayman Islands partnership Maples & Calder 32 P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.8.1.1.1. PPN Mauritius Company Mauritius Multiconsult Ltd. Les Jamalacs Building Vieux Conseil Street Port Louis, Mauritius 1.2.3.2.8.1.1.1.1. Dyna Makowski Power Company India Jhaver Plaza. 3rd Floor 1-A Nungambakkam High Road Madras, 600 034 India 1.2.3.2.9. PG&E Generating International (Cayman) VII, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.9.1. Rocksavage Generating Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.9.1.1. Rocksavage Power Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.9.1.2. Savage Land Limited U.K. partnership 20 St. James' Street London, SW1A 1ES U.K. 1.2.3.2.9.1.3. Rocksavage Services I, Inc. Delaware corporation 33 The Corporation Trust Center c/o The Corporate Trust Company 1209 Orange Street Wilmington, New Castle, Delaware 1.2.3.2.9.1.4. InterGen Operating Company (UK) Limited U.K. partnership 20 St. James' Street London, SW1A 1ES U.K. 1.2.3.2.10. PG&E Generating International (Cayman) VIII, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.10.1. JMC Cauca Valley, Inc. Cayman Islands corporation Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.10.1.1. TermoEmcali S.A. E.S.P. Colombia Avenida 4 Norte No. 6-67 Of. 601 Cali, Colombia 1.2.3.2.11. PG&E Generating International (Cayman) IX, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.11.1. Jacui Generating I, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.11.1.1. Jacui Generating Company Ltd. Brazil partnership 34 Rua de Consolacao, 247, 8th Floor Sao Paulo, Brazil 1.2.3.2.12. PG&E Generating International (Cayman) X, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.12.1. Jacui Generating II, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.13. PG&E Generating International (Cayman) XI, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.13.1. Camisea Generating Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.14. PG&E Generating International (Cayman) XII, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.14.1. Spalding Generating Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.14.2. Spalding Energy Company, Ltd. Cayman Islands partnership 35 Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.15. PG&E Generating International (Cayman) XIII, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.15.1. Dane Valley Gas Storage Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.16. PG&E Generating International (Cayman) XIV, Ltd Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.16.1. BoWin II Generating Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.17. PG&E Generating International (Cayman) XV, Ltd Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.17.1. Merida III Generating Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 36 1.2.3.2.18. PG&E Generating International (Cayman) XVI, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.18.1. LiZhe Generating Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.19. PG&E Generating International (Cayman) XVII, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.2.19.1. Itiquira Generating Company, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.3. PG&E Overseas, Inc. California corporation 100% owned by PG&E Enterprises 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.3.1. PG&E Australia California corporation 100% owned by PG&E Overseas, Inc. 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.3.2. PG&E Overseas, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 37 1.2.3.3.2.1. PG&E Pacific I, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.3.2.2. PG&E Pacific II, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.3.3. PG&E Overseas II, Ltd. Cayman Islands partnership Maples & Calder P.O. Box 309 George Town, Grand Cayman Cayman Islands, B.W.I. 1.2.3.4. Quantum Ventures California corporation 100% owned by Enterprises 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.4.1. Vantus Energy Corporation California corporation 100% owned by Quantum Ventures 444 Market Street, Suite 1900 San Francisco, CA 94111 1.2.3.4.1.1. Vantus Power Services California corporation 100% owned by Quantum Ventures 444 Market Street, Suite 1900 San Francisco, CA 94111 38 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. 2.1. Claimant and its subsidiaries, other than PG&E, are not public utility companies for the purposes of the Public Utility Holding Company Act of 1935 and do not own any such properties. 39 2.2. PG&E is a public utility company. PG&E owns and operates the following generation plants, all located in California:
Net Operating Generation County Number of Capacity in Type Location Units Kilowatts (kW) =================== =============== ========== ============== Hydroelectric: Conventional Plants 16 counties in Northern and Central California 111 2,703,100 Helms Pumped Storage Plant Fresno 3 1,212,000 --- ---------- Hydroelectric Subtotal 114 3,915,100 --- ---------- Steam Plants: Contra Costa Contra Costa 2 680,000 Humboldt Bay Humboldt 2 105,000 Hunters Point San Francisco 3 377,000 Morro Bay San Luis Obispo 4 1,002,000 Moss Landing Monterey 2 1,478,000 Pittsburg Contra Costa 7 2,022,000 Potrero San Francisco 1 207,000 --- ---------- Steam Subtotal 21 5,871,000 --- ---------- Combustion Turbines: Hunters Point San Francisco 1 52,000 Oakland Alameda 3 165,000 Potrero San Francisco 3 156,000 Mobile Turbines Humboldt and Contra Costa 3 45,000 --- ---------- Combustion Turbines Subtotal 10 418,000 --- ---------- Geothermal: The Geysers Power Plant Sonoma and Lake 14 1,224,000 Nuclear: Diablo Canyon San Luis Obispo 2 2,160,000 --- ---------- Total 161 13,588,100 === ==========
PG&E's electric transmission system consists of approximately 18,450 circuit miles of interconnected transmission lines of 60 kilovolts (kV) to 500 kV and transmission substations having a capacity of approximately 34,209,000 kilovolt-amperes (kVa). PG&E's electric distribution system consists of approximately 106,495 circuit miles of distribution lines and distribution substations having a capacity of approximately 22,125,000 kVa. PG&E owns and operates an integrated gas transmission, storage and distribution system in California. PG&E's system consists of approximately 5,350 miles of transmission pipelines, three gas storage facilities and approximately 35,800 miles of gas distribution lines. Natural gas is delivered to PG&E from (i) Canada and transported by Canadian pipeline companies and PGT; (ii) various California producers and (iii) from other states (substantially all U.S. Southwest sources and transported by El Paso Natural Gas Company or Transwestern Pipeline Company). The data set forth in this item 2.2 is based on the best information available to PG&E as of December 31, 1995 or a later date. Actual information as of December 31, 1996 is 40 not expected to differ materially from this data. As of December 31, 1996, PG&E has no electric generation, distribution or transmission facilities located outside California nor does it have any gas distribution facilities located outside California. Final information as of December 31, 1996 will be included in Claimant's Form U-3A-2 to be filed on or before March 1, 1997. 41 3. The following information for the year ending December 31, 1995 and for the nine months ending September 30, 1996 with respect to claimant and each of its subsidiary public utility companies: a) Number of kilowatt-hours (kWh) of electric energy sold (at retail or wholesale) and thousand cubic feet (Mcf) of natural or manufactured gas distributed at retail. b) Number of kwh of electric energy and Mcf of natural or manufactured gas distributed at retail outside the State in which each such company is organized. 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. 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. 3.1. Claimant and its subsidiaries, other than PG&E, are not public utility companies for the purposes of the Public Utility Holding Company Act of 1935. 3.2. PG&E is a public utility company.
PG&E Year Nine months (in thousands) ending ending 12/31/95 9/30/96 ---------- ----------- Number of kwh of electric energy sold at retail or wholesale 75,359,000 56,423,885 Number of Mcf of natural or manufactured gas distributed at retail 269,904 389,791 Number of kwh of electric energy distributed at retail outside the State 0 0 Number of Mcf of natural or manufactured gas distributed at retail outside the State 0 0 Number of kwh of electric energy sold at wholesale outside the State or at the State line 1,498,754 340,000 Number of Mcf of natural or manufactured gas sold at wholesale outside the State or at the State line 383 361 Number of kwh of electric energy purchased outside the State or at the State line 5,488,429 5,205,000 Number of Mcf of natural or manufactured gas purchased outside the State or at the State line 379,338 255,122
42 4. The following information for the reporting period with respect to claimant and each interest it holds directly or indirectly in an EWG or a foreign utility holding 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 or 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 agreements. 4.1. JMC OCEAN STATE CORPORATION [EWG] a) JMC Ocean State Corporation Sherman Farm Road Route 98 Harrisville, RI 02839 JMC Ocean State Corporation is a 10% general partner in both Ocean State Power and Ocean State Power II (collectively "OSP"). OSP is a two-unit, 500 MW (250 MW per unit) natural gas-fired, combined cycle electric generation facility (the "Facility") selling power to New England Power Company, Boston Edison Company, Montaup Electric Company and Newport Electric Corporation. b) Enterprises owns 100% of PG&E Generating Company, which owns 89.07901% of Beale Generating Company, which owns 100% of J. Makowski Company, Inc., which owns 100% of JMC Ocean State Corporation, which owns a 10% interest in OSP. c) J. Makowski Company, Inc. made capital contributions to OSP of $12,120,000 on December 31, 1990 and $9,973,750 on October 1, 1991. Unit I of the Facility went into commercial operation on December 31, 1990; Unit II of the Facility went into commercial operation on October 1, 1991. Enterprises acquired an interest in the Facility on August 26, 1994, as a result of the acquisition by its second-tier subsidiary, Beale Generating Company, of J. Makowski Company, Inc. (Enterprises owns an 89.07901% interest in Beale Generating Company). d) Capitalization or total equity as of September 30, 1996 = $13,625,119 Net income for the nine months ended September 30, 1996 = $2,157,000 e) OSP has gas enabling agreements with Selkirk Cogen Partners, Pittsfield Generating Company and USGen Fuel Services pursuant to which it may enter into non- 43 firm/interruptible gas purchase and sales transactions at market pricing, from time to time. 4.2. PITTSFIELD GENERATING COMPANY, L.P. (formerly ALTRESCO PITTSFIELD, L.P.) [EWG] a) Pittsfield Generating Company, L.P. Box 4579 Pittsfield, MA 01202 Pittsfield Generating Company, L.P. is a 165 megawatt (MW) combined cycle, natural gas-fired cogeneration facility (the "Facility") selling power to Commonwealth Electric Company, Cambridge Electric Company and New England Power and selling steam to General Electric Company. b) Enterprises owns 100% of PG&E Generating Company, which owns 89.07901% of Beale Generating Company which owns 100% of J. Makowski Company, Inc., which owns 100% of JMC Altresco, Inc., which through its subsidiaries Altresco, Inc. (99% GP) and Pittsfield Partners, Inc. (1% L.P.), owns 100% of Pittsfield Generating Company, L.P. c) J. Makowski Company, Inc. acquired Pittsfield Generating Company, L.P. for $4,330,000, plus liabilities valued at $3,092,000 for a total investment of $7,422,000 on September 21, 1993. The Facility went into commercial operation on September 1, 1990. Enterprises acquired an interest in the Facility on August 26, 1994, as a result of the acquisition by its second-tier subsidiary, Beale Generating Company, of J. Makowski Company, Inc. (Enterprises owns an 89.07901% interest in Beale Generating Company). d) Capitalization or total equity as of September 30, 1996 = $13,100,370 Net income for the nine months ended September 30, 1996 = $7,668,770 e) U.S. Operating Services Company provides operations and maintenance services to Pittsfield Generating Company, L.P. U.S. Operating Services Company earns a base fee of $400,000 per annum plus performance bonuses, together with reimbursement of its direct costs. Pittsfield Generating Company, L.P. has gas enabling agreements with Selkirk Cogen Partners, Ocean State Power and USGen Fuel Services pursuant to which it may enter into non-firm/interruptible gas purchase and sales transactions at market pricing, from time to time. Pittsfield Generating Company, L.P. has a fuel transportation agreement with Berkshire Gas Company, an unaffiliated entity which leases a section of pipeline serving the Facility from Berkshire Feedline Acquisition, L.P. Berkshire Feedline Acquisition, L.P. receives lease payments of approximately $1.8 million per annum on this section of pipeline. 4.3. SELKIRK COGEN PARTNERS, L.P. [EWG] a) Selkirk Cogen Partners, L.P. Box 160 44 Feura Bush, NY 12067 Selkirk Cogen Partners, L.P. Unit I is an 80 MW natural gas fired dispatchable cogeneration facility selling power to Niagara Mohawk Power Corporation. Selkirk Cogen Partners, L.P. Unit II is a 265 MW natural gas fired dispatchable cogeneration facility (Unit I and Unit II together, the "Facility") selling power to Consolidated Edison Company of New York, Inc. b) Enterprises owns 100% of PG&E Generating Company, which owns 89.07901% of Beale Generating Company, which owns 100% of J. Makowski Company, Inc., which owns 100% of JMC Selkirk Holdings, Inc., which owns 100% of JMC Selkirk, Inc. JMC Selkirk, Inc., through its 46.57% limited partnership interest in PentaGen Investors, L.P. and through its 100% interest JMCS I Holdings, Inc. (which in turn holds another 3.43% general and limited partnership interest in PentaGen Investors, L.P.), owns 50% of PentaGen's 57.6% interest in Selkirk Cogen Partners, L.P. JMC Selkirk, Inc. also holds a 22.4% direct interest in Selkirk Cogen Partners, L.P. c) JMC Selkirk, Inc. and PentaGen Investors, L.P. made equity contributions of $1,058,355 and $3,666,445, respectively, on October 21, 1992. Unit I of the Facility went into commercial operation on April 17, 1992. Unit II of the Facility went into commercial operation on September 1, 1994. Enterprises acquired an interest in the Facility on August 26, 1994, as a result of the acquisition by its second-tier subsidiary, Beale Generating Company, of J. Makowski Company, Inc. (Enterprises owns an 89.07901% interest in Beale Generating Company). d) Capitalization or total equity as of September 30, 1996 = ($18,691,602) Net income for the nine months ended September 30, 1996 = $4,949,000 e) JMCS I Management, Inc. provides administrative services to Selkirk Cogen Partners, L.P. JMCS I Management, Inc. charges a contractually established hourly rate which covers its labor costs (including salary and benefits), overhead and profit. Selkirk Cogen Partners, L.P. has gas enabling agreements with Ocean State Power, Pittsfield Generating Company and USGen Fuel Services pursuant to which it may enter into non-firm/interruptible gas purchase and sales transactions at market pricing, from time to time. Selkirk Cogen Partners, L.P. has an enabling agreement with USGen Power Services, L.P. pursuant to which it may make wholesale sales of electricity and purchase and sell other ancillary services from time to time. 4.4. WALLKILL GENERATING COMPANY, L.P. [EWG] a) Wallkill Generating Company, L.P. c/o U.S. Generating Company Old Georgetown Road Bethesda, MD 20814 In June 1995, Orange and Rockland Utilities, Inc., Wallkill Generating Company, L.P. and U.S. Generating Company entered into an agreement confirming the cancellation of the power sales agreement between Wallkill Generating Company, L.P. and Orange and Rockland Utilities, Inc. Wallkill Generating Company, L.P. is no longer being developed. 45 4.5. KEYSTONE URBAN RENEWAL, L.P. [EWG] a) Keystone Urban Renewal, L.P. Box 169-C, Route 130 South, Swedesboro, NJ 08085 Keystone Urban Renewal, L.P. is a 225 MW pulverized coal fired dispatchable generation facility (the "Facility") selling power to Atlantic Energy Company. b) Enterprises owns 100% of PG&E Generating Company, which through its subsidiary, Eagle Power Corporation, owns a 50% general and limited partnership interest in Keystone Cogeneration Company, L.P. which owns a 99% interest in Keystone Urban Renewal, L.P. The other 1% interest is held by Granite Generating Company, L.P., which is also 50% owned by PG&E Corporation through Enterprises. c) Eagle Power Corporation made a capital contribution of $50 to Keystone Urban Renewal, L.P. on September 13, 1991. Enterprises, through PG&E Generating Company, owns a 50% interest in Keystone Urban Renewal, L.P. which owns the Facility and leases it to Logan Generating Company, L.P. The Facility went into commercial operation on September 22, 1994. d) Capitalization or total equity as of September 30, 1996 = $100 Net income after taxes for the nine months ended September 30, 1996 = $0 e) None 4.6. LOGAN GENERATING COMPANY, L.P. (formerly KEYSTONE ENERGY SERVICE COMPANY, L.P.) [EWG] a) Logan Generating Company, L.P. Box 169-C, Route 130 South, Swedesboro, NJ 08085 Logan Generating Company, L.P. is a 225 MW pulverized coal fired dispatchable generation facility (the "Facility") selling power to Atlantic Electric Company. b) Enterprises owns 100% of PG&E Generating Company, which through its wholly-owned subsidiary, Eagle Power Corporation, owns a 50% general and limited partnership interest in Logan Generating Company, L.P. c) Eagle Power Corporation made a capital contribution of $36,249,978 to Logan Generating Company, L.P. on October 31, 1994. Enterprises, through PG&E Generating Company, owns a 50% interest in Logan Generating Company, L.P. which leases the Facility from Keystone Urban Renewal L.P. The Facility went into commercial operation on September 22, 1994. d) Capitalization or total equity as of September 30, 1996 = $72,500,000 Net income after taxes for the nine months ended September 30, 1996 = $9,728,000 e) U.S. Generating Company provides management services to Logan Generating Company, L.P. U.S. Generating Company earns a base fee of $400,000 per annum. 46 Operating Services Company provides operations and maintenance services to LGC. Operating Services Company earns a base fee of $500,000 per annum plus performance bonuses. Logan Generating Company, L.P. has an enabling agreement with USGen Power Services, L.P. pursuant to which it may make wholesale sales of electricity and purchase and sell other ancillary services from time to time. 4.7. HERMISTON GENERATING COMPANY, L.P. [EWG] a) Hermiston Generating Company, L.P. Box 930, Hermiston, OR 97838 Hermiston Generating Company, L.P. is a 474 MW natural gas fired dispatchable cogeneration facility (the "Facility") selling power to PacifiCorp. PacifiCorp owns a 50% undivided interest in the Facility. b) Enterprises owns 100% of PG&E Generating Company, which through its subsidiary, Larkspur Power Corporation, owns an 80% general and limited partnership interest in Hermiston Generating Company, L.P. c) Larkspur Power Corporation made a capital contribution of $30,852,148 to HGC on October 30, 1996. Enterprises, through PG&E Generating Company, owns an 80% interest in Hermiston Generating Company, L.P. which owns a 50% undivided interest in the Facility. The Facility went into commercial operation on July 1, 1996. d) Capitalization or total equity as of September 30, 1996 = $38,565,285 Net income for the nine months ended September 30, 1996 = $3,405,655 e) U.S. Generating Company provides management services to Hermiston Generating Company, L.P. U.S. Generating Company earns a base fee of $250,000 per annum. Operating Services Company provides operations and maintenance services to Hermiston Generating Company, L.P. Operating Services Company earns a base fee of $900,000 per annum plus performance bonuses. Pacific Gas Transmission provides gas transmission services to Hermiston Generating Company, L.P. Pacific Gas Transmission earns a fixed and variable charge based upon the volume of gas transported resulting in projected annual revenues of $5.9 million. 47 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. Consolidating statements of income and surplus of the Claimant's subsidiary companies (i.e., PG&E and its subsidiaries) for 1995 and the nine months ended September 30, 1996, together with consolidating balance sheets of Claimant's subsidiary companies as of the close of such periods, are attached as Exhibit A. No separate consolidating financial statements for Claimant were prepared since the reorganization by which Claimant became the parent of PG&E and its subsidiaries became effective on January 1, 1997. Due to the proximity of the effective date of this filing to the close of the most recent calendar year, financial statements for the year ended December 31, 1996 are not yet available. Financial statements for the year ended December 31, 1996 will be included in Claimant's Form U-3A-2 to be filed on or before March 1, 1997. 48 EXHIBIT A PACIFIC GAS AND ELECTRIC COMPANY AND SUBSIDIARIES CONSOLIDATING INCOME STATEMENT FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 (In Thousands)
Other PG&E PG&E PGT Enterprises Subs. Eliminations Consolidated ------------------------------------------------------------------------------- OPERATING REVENUES Electric utility $5,348,676 $ 7,390 $ (7,390) $5,348,676 Gas utility 1,315,914 204,522 (546) (46,298) 1,473,592 Other 1,863 85,150 155 (150) 87,018 ------------------------------------------------------------------------------- Total Operating Revenues 6,664,590 206,385 85,150 6,999 (53,838) 6,909,286 OPERATING EXPENSES Cost of electric energy 1,717,394 31,111 (1,696) 1,746,809 Cost of gas 281,108 31,973 4,393 317,474 Maintenance and other operating 1,583,814 14,434 37,362 217 (49,507) 1,586,320 Depreciation and decommissioning 884,284 21,357 9,744 659 916,044 Administrative and general 674,518 28,562 24,701 1,283 (1,289) 727,775 Property and other taxes 219,520 8,573 156 228,249 ------------------------------------------------------------------------------- Total Operating Expenses 5,360,638 104,899 102,918 2,315 (48,099) 5,522,671 ------------------------------------------------------------------------------- OPERATING INCOME 1,303,952 101,486 (17,768) 4,684 (5,739) 1,386,615 OTHER INCOME AND (INCOME DEDUCTIONS) Interest income 66,695 445 2,285 1,247 (8,556) 62,116 Allowance for equity funds used during construction 8,999 312 9,311 Other - net 45,230 (2,028) 24,027 685 (48,653) 19,261 ------------------------------------------------------------------------------- Total Other Income and (Income Deductions) 120,924 (1,271) 26,312 1,932 (57,209) 90,688 ------------------------------------------------------------------------------- INCOME BEFORE INTEREST EXPENSE 1,424,876 100,215 8,544 6,616 (62,948) 1,477,303 INTEREST EXPENSE Interest on long-term debt 400,581 31,539 3,661 17,775 453,556 Other interest charges 84,160 3,483 (14,155) (10,919) (15,917) 46,652 Allowance for borrowed funds used during construction (5,037) (233) (5,270) ------------------------------------------------------------------------------- Net Interest Expense 479,704 34,789 (10,494) 6,856 (15,917) 494,938 ------------------------------------------------------------------------------- PRETAX INCOME 945,172 65,426 19,038 (240) (47,031) 982,365 INCOME TAXES 338,993 24,973 12,758 (538) 376,186 ------------------------------------------------------------------------------- NET INCOME 606,179 40,453 6,280 298 (47,031) 606,179 Preferred dividend requirement and redemption premium 24,835 24,835 ------------------------------------------------------------------------------- EARNINGS AVAILABLE FOR COMMON STOCK $ 581,344 $ 40,453 $ 6,280 $ 298 $(47,031) $ 581,344 ===============================================================================
49 EXHIBIT A PACIFIC GAS AND ELECTRIC COMPANY AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET FOR THE PERIOD ENDING SEPTEMBER 30, 1996 (In Thousands)
Other PG&E PG&E PGT Enterprises Subs. Eliminations Consolidated ------------------------------------------------------------------------------ ASSETS PLANT IN SERVICE Electric Nonnuclear $18,009,732 $18,009,732 Diablo Canyon 6,687,283 6,687,283 Gas 6,505,179 1,423,741 32,902 7,961,822 ------------------------------------------------------------------------------- Total Plant in Service (at original cost) 31,202,194 1,423,741 - 32,902 - 32,658,837 Accum. depreciation and decommissioning (13,726,176) (405,412) - (6,947) (14,138,535) ------------------------------------------------------------------------------- Net Plant In Service 17,476,018 1,018,329 - 25,955 - 18,520,302 CONSTRUCTION WORK IN PROGRESS 270,261 18,386 248 288,895 OTHER NONCURRENT ASSETS Nuclear decommissioning funds 822,046 822,046 Investment in subsidiaries 1,338,967 (1,338,967) - Investment in nonregulated projects 136,192 837,681 973,873 Other assets 95,040 21,152 325,343 (309,488) 132,047 ------------------------------------------------------------------------------- Total Other Noncurrent Assets 2,256,053 157,344 837,681 325,343 (1,648,455) 1,927,966 CURRENT ASSETS Cash and cash equivalents 86,494 2,384 54,650 17,952 161,480 Accounts receivable Customers 1,339,916 21,506 382,344 6,463 (526,659) 1,223,570 Other (1,717) 13,377 224 11,884 Allowance for uncollectible accounts (38,038) (38,038) Regulatory balancing accounts receivable 468,895 468,895 Inventories Materials and supplies 172,314 5,702 2,775 180,791 Gas stored underground 135,755 135,755 Fuel oil 30,064 30,064 Nuclear fuel 161,040 166,984 (166,984) 161,040 Prepayments 29,615 2,803 3,080 80 (666) 34,912 ------------------------------------------------------------------------------- Total Current Assets 2,384,338 45,772 442,849 191,703 (694,309) 2,370,353 DEFERRED CHARGES Income tax-related deferred charges 1,037,724 26,276 1,064,000 Diablo Canyon costs 368,334 368,334 Unamort. loss net of gain on reacquired debt 364,712 15,261 379,973 Workers' comp. and disability claims recoverable 283,896 283,896 Other 396,427 33,928 27,763 1,580 (13,702) 445,996 ------------------------------------------------------------------------------- Total Deferred Charges 2,451,093 75,465 27,763 1,580 (13,702) 2,542,199 ------------------------------------------------------------------------------- TOTAL ASSETS $24,837,763 $1,315,296 $1,308,293 $544,829 $(2,356,466) $25,649,715 ===============================================================================
50 EXHIBIT A PACIFIC GAS AND ELECTRIC COMPANY AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET FOR THE PERIOD ENDING SEPTEMBER 30, 1996 (In Thousands)
Other PG&E PG&E PGT Enterprises Subs. Eliminations Consolidated ------------------------------------------------------------------------------ CAPITALIZATION AND LIABILITIES CAPITALIZATION Common stock $ 2,051,994 $ 85,473 $ 10 $ 726 $ (86,209) $ 2,051,994 Additional paid-in capital 3,755,008 192,000 891,323 52,628 (1,135,951) 3,755,008 Reinvested earnings 2,687,020 175,365 (75,909) (33,243) (66,213) 2,687,020 ------------------------------------------------------------------------------- Total Common Stock Equity 8,494,022 452,838 815,424 20,111 (1,288,373) 8,494,022 Pref. stock without mandatory redemp. prov. 402,056 13,591 (13,591) 402,056 Pref. stock with mandatory redemp. prov. 137,500 137,500 Company obligated mandatorily redeemable pref. securities of subsidiary trust holding solely PG&E subordinated debentures 300,000 300,000 Long-term debt 7,614,188 626,682 33,656 40,777 (350,055) 7,965,248 ------------------------------------------------------------------------------- Total Capitalization 16,647,766 1,079,520 849,080 374,479 (1,652,019) 17,298,826 OTHER NONCURRENT LIABILITIES Customer advances for construction 130,381 130,381 Workers' compensation and disability claims 271,400 271,400 Other 869,184 23,056 94,913 (142,128) 845,025 ------------------------------------------------------------------------------- Total Other Non- current Liabilities $ 1,270,965 23,056 94,913 - (142,128) 1,246,806 CURRENT LIABILITIES Short-term borrowings - Long-term debt 251,185 2,993 254,178 Accounts payable Trade creditors 687,301 52,546 26,675 155,922 (521,476) 400,968 Other 424,695 1,669 64 7,345 433,773 Accrued taxes 359,293 15,690 67,272 (3,745) 438,510 Deferred income taxes 127,437 127,437 Interest payable 145,470 8,478 367 12,498 (12,498) 154,315 Dividends payable 211,318 211,318 Other 355,688 3,882 28,560 2,810 (21,778) 369,162 ------------------------------------------------------------------------------- Total Current Liabilities 2,562,387 82,265 125,867 167,549 (548,407) 2,389,661 DEFERRED CREDITS Deferred income taxes 3,515,315 125,916 231,998 2,670 (13,702) 3,862,197 Deferred tax credits 382,637 354 382,991 Noncurrent balancing account liabilities 127,207 127,207 Other 331,486 4,185 6,435 131 (210) 342,027 ------------------------------------------------------------------------------- Total Deferred Credits 4,356,645 130,455 238,433 2,801 (13,912) 4,714,422 ------------------------------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $24,837,763 $1,315,296 $1,308,293 $544,829 $(2,356,466) $25,649,715 ===============================================================================
51 EXHIBIT A PACIFIC GAS AND ELECTRIC COMPANY AND SUBSIDIARIES CONSOLIDATING STATEMENT OF REINVESTED EARNINGS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 (In Thousands)
Other PG&E PG&E PGT Enterprises Subs. Eliminations Consolidated ------------------------------------------------------------------------------ Balance, December 31, 1995 $2,812,683 $144,027 $(82,189) $ (33,566) $ (28,272) $ 2,812,683 Net income 606,179 40,453 6,280 298 (47,031) 606,179 Common stock repurchased (91,989) (91,989) Preferred stock redeemed or repurchased (166) (166) Dividends declared Preferred stock (33,113) (33,113) Common stock (607,237) (10,000) 10,000 (607,237) Other 663 885 25 (910) 663 ------------------------------------------------------------------------------- Balance, September 30, 1996 $ 2,687,020 $175,365 $(75,909) $ (33,243) $ (66,213) $ 2,687,020 ===============================================================================
52 EXHIBIT A PACIFIC GAS AND ELECTRIC COMPANY AND SUBSIDIARIES CONSOLIDATING INCOME STATEMENT FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1995 (In Thousands)
Other PG&E PG&E PGT Enterprises Subs. Eliminations Consolidated ------------------------------------------------------------------------------ OPERATING REVENUES Electric utility $7,386,307 $ 9,473 $ (9,473) $7,386,307 Gas utility 1,857,166 270,648 4,448 (73,145) 2,059,117 Other 373 176,186 156 (374) 176,341 ------------------------------------------------------------------------------- Total Operating Revenues 9,243,846 270,648 176,186 14,077 (82,992) 9,621,765 OPERATING EXPENSES Cost of electric energy 2,094,241 36,367 (13,768) 2,116,840 Cost of gas 282,399 46,877 4,004 333,280 Maintenance and other operating 1,753,905 19,528 98,169 (9,391) (62,430) 1,799,781 Depreciation and decommissioning 1,272,686 40,139 45,934 1,359 1,360,118 Administrative and general 894,219 36,699 39,350 6,583 (5,275) 971,576 Workforce reduction costs (18,195) (18,195) Property and other taxes 282,400 12,641 339 295,380 ------------------------------------------------------------------------------- Total Operating Expenses 6,561,655 155,884 219,820 (1,110) (77,469) 6,858,780 ------------------------------------------------------------------------------- OPERATING INCOME 2,682,191 114,764 (43,634) 15,187 (5,523) 2,762,985 OTHER INCOME AND (INCOME DEDUCTIONS) Interest income 75,590 2,189 3,372 3,093 (11,720) 72,524 Allowance for equity funds used during construction 18,455 1,584 20,039 Other - net 86,101 4,526 41,127 3,214 (76,404) 58,564 ------------------------------------------------------------------------------- Total Other Income and (Income Deductions) 180,146 8,299 44,499 6,307 (88,124) 151,127 ------------------------------------------------------------------------------- INCOME BEFORE INTEREST EXPENSE 2,862,337 123,063 865 21,494 (93,647) 2,914,112 INTEREST EXPENSE Interest on long-term debt 573,420 46,306 7,649 2,173 629,548 Other interest charges 92,786 1,853 (19,701) 7,525 (21,430) 61,033 Allowance for borrowed funds used during construction (9,285) (1,358) (10,643) ------------------------------------------------------------------------------- Net Interest Expense 656,921 46,801 (12,052) 9,698 (21,430) 679,938 ------------------------------------------------------------------------------- PRETAX INCOME 2,205,416 76,262 12,917 11,796 (72,217) 2,234,174 INCOME TAXES 866,531 30,042 192 (1,476) 895,289 ------------------------------------------------------------------------------- NET INCOME 1,338,885 46,220 12,725 13,272 (72,217) 1,338,885 Preferred dividend requirement and redemption premium 70,288 70,288 ------------------------------------------------------------------------------- EARNINGS AVAILABLE FOR COMMON STOCK $1,268,597 $ 46,220 $ 12,725 $13,272 $(72,217) $1,268,597 ================================================================================
53 EXHIBIT A PACIFIC GAS AND ELECTRIC COMPANY AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET FOR THE PERIOD ENDING DECEMBER 31, 1995 (In Thousands)
Other PG&E PG&E PGT Enterprises Subs. Eliminations Consolidated ------------------------------------------------------------------------------ ASSETS PLANT IN SERVICE Electric Nonnuclear $ 17,513,830 $17,513,830 Diablo Canyon 6,646,853 6,646,853 Gas 6,312,405 1,388,100 32,176 7,732,681 ------------------------------------------------------------------------------- Total Plant in Service (at original cost) 30,473,088 1,388,100 - 32,176 - 31,893,364 Accum. depreciation and decommissioning (12,914,148) (388,026) (6,422) (13,308,596) ------------------------------------------------------------------------------- Net Plant In Service 17,558,940 1,000,074 - 25,754 - 18,584,768 CONSTRUCTION WORK IN PROGRESS 309,684 23,175 406 (2) 333,263 OTHER NONCURRENT ASSETS Nuclear decommissioning funds 769,829 769,829 Investment in subsidiaries 1,290,972 (1,290,972) - Investment in nonregulated projects 869,674 869,674 Other assets 96,038 18,939 324,639 (309,488) 130,128 ------------------------------------------------------------------------------- Total Other Noncurrent Assets 2,156,839 18,939 869,674 324,639 (1,600,460) 1,769,631 CURRENT ASSETS Cash and cash equivalents 692,522 215 23,303 18,255 734,295 Accounts receivable Customers 1,361,994 19,955 412,287 7,560 (563,247) 1,238,549 Other 44,562 14,016 6,827 502 65,907 Allowance for uncollectible accounts (35,513) (7) (35,520) Regulatory balancing accounts receivable 746,344 746,344 Inventories Materials and supplies 171,676 7,883 2,204 181,763 Gas stored underground 146,499 146,499 Fuel oil 40,756 40,756 Nuclear fuel 175,957 180,928 (180,928) 175,957 Prepayments 33,697 10,198 3,511 92 (473) 47,025 ------------------------------------------------------------------------------- Total Current Assets 3,378,494 52,267 448,132 207,330 (744,648) 3,341,575 DEFERRED CHARGES Income tax-related deferred charges 1,052,244 27,429 1,079,673 Diablo Canyon costs 382,445 382,445 Unamort. loss net of gain on reacquired debt 376,230 15,886 392,116 Workers' comp. and disability claims recoverable 297,266 297,266 Other 553,333 72,127 50,195 2,744 (8,846) 669,553 ------------------------------------------------------------------------------- Total Deferred Charges 2,661,518 115,442 50,195 2,744 (8,846) 2,821,053 ------------------------------------------------------------------------------- TOTAL ASSETS $ 26,065,475 $1,209,897 $1,368,001 $ 560,873 $ (2,353,956) $26,850,290 ===============================================================================
54 EXHIBIT A PACIFIC GAS AND ELECTRIC COMPANY AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET FOR THE PERIOD ENDING DECEMBER 31, 1995 (In Thousands)
Other PG&E PG&E PGT Enterprises Subs. Eliminations Consolidated ------------------------------------------------------------------------------ CAPITALIZATION AND LIABILITIES CAPITALIZATION Common stock $ 2,070,128 $ 85,474 $ 10 $ 726 $ (86,210) $2,070,128 Additional paid-in capital 3,716,322 182,000 891,323 52,628 (1,125,951) 3,716,322 Reinvested earnings 2,812,683 144,027 (82,189) (33,566) (28,272) 2,812,683 ------------------------------------------------------------------------------- Total Common Stock Equity 8,599,133 411,501 809,144 19,788 (1,240,433) 8,599,133 Pref. stock without mandatory redemp. prov. 402,056 13,591 (13,591) 402,056 Pref. stock with mandatory redemp. prov. 137,500 137,500 Company obligated mandatorily redeemable pref. securities of subsidiary trust holding solely PG&E subordinated debentures 300,000 300,000 Long-term debt 7,747,597 576,063 34,164 40,786 (350,064) 8,048,546 ------------------------------------------------------------------------------- Total Capitalization 16,886,286 987,564 843,308 374,165 (1,604,088) 17,487,235 OTHER NONCURRENT LIABILITIES Customer advances for construction 146,191 146,191 Workers' compensation and disability claims 271,000 271,000 Other 871,130 21,977 95,015 (172,162) 815,960 ------------------------------------------------------------------------------- Total Other Non- current Liabilities $ 1,288,321 21,977 95,015 - (172,162) 1,233,151 CURRENT LIABILITIES Short-term borrowings 796,143 33,804 829,947 Long-term debt 301,234 2,970 304,204 Accounts payable Trade creditors 712,520 36,474 43,693 179,622 (558,337) 413,972 Other 383,466 4,065 216 387,747 Accrued taxes 186,656 18,020 72,897 (3,480) 274,093 Deferred income taxes 227,782 227,782 Interest payable 68,468 1,207 504 5,085 (5,085) 70,179 Dividends payable 205,467 205,467 Other 478,890 4,313 24,528 2,686 (5,444) 504,973 ------------------------------------------------------------------------------- Total Current Liabilities 3,360,626 64,079 178,396 183,913 (568,650) 3,218,364 DEFERRED CREDITS Deferred income taxes 3,602,979 120,530 216,479 2,623 (8,846) 3,933,765 Deferred tax credits 392,882 373 393,255 Noncurrent balancing account liabilities 185,647 185,647 Other 348,734 15,374 34,803 172 (210) 398,873 ------------------------------------------------------------------------------- Total Deferred Credits 4,530,242 136,277 251,282 2,795 (9,056) 4,911,540 ------------------------------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $26,065,475 $1,209,897 $1,368,001 $560,873 $(2,353,956) $26,850,290 ===============================================================================
55 EXHIBIT A PACIFIC GAS AND ELECTRIC COMPANY AND SUBSIDIARIES CONSOLIDATING STATEMENT OF REINVESTED EARNINGS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1995 (In Thousands)
Other PG&E PG&E PGT Enterprises Subs. Eliminations Consolidated ------------------------------------------------------------------------------ Balance, December 31, 1994 $2,677,304 $ 134,306 $(94,916) $(34,725) $ (4,665) $2,677,304 Net income 1,338,885 46,220 12,725 13,272 (72,217) 1,338,885 Common stock repurchased (298,308) (298,308) Preferred stock redeemed or repurchased (19,459) (19,459) Dividends declared Preferred stock (56,006) (56,006) Common stock (829,828) (40,000) (12,210) 52,210 (829,828) Other 95 3,501 2 97 (3,600) 95 ----------------------------------------------------------------------------- Balance, December 31, 1995 $2,812,683 $ 144,027 $(82,189) $(33,566) $ (28,272) $2,812,683 =============================================================================
56 EXHIBIT B If at the time a report on this form is filed, the registrant is required to submit this report and any amendments thereto electronically via EDGAR, the registrant shall furnish a Financial Data Schedule. The Schedule shall set forth the financial and other data specified below that are applicable to the registrant on a consolidated basis.
Item No. Caption Heading (In Thousands of Dollars) As of December 31, 1995 1 Total assets at December 31, 1995 $26,850,290 1 Total assets at September 30, 1996 $25,649,715 2 Total operating revenues for the period ending December 31, 1995 $ 9,621,765 2 Total operating revenues for the period ending September 30, 1996 $ 6,909,286 3 Earnings available for common stock at December 31, 1995 $ 1,268,597 3 Earnings available for common stock at September 30, 1996 $ 581,344
57 EXHIBIT C An organizational chart showing the relationship of each Exempt Wholesale Generator (EWG) or foreign utility company to associate companies in the holding-company system. Exempt Wholesale Generators (EWGs): - ----------------------------------- 1. JMC OCEAN STATE CORPORATION PG&E Corporation PG&E Enterprises PG&E Generating Company Beale Generating Company J. Makowski Company, Inc. JMC Ocean State Corporation Ocean State Power Ocean State Power II OSP Finance Company 2. PITTSFIELD GENERATING COMPANY, L.P. (formerly ALTRESCO PITTSFIELD, L.P.) PG&E Corporation PG&E Enterprises PG&E Generating Company Beale Generating Company J. Makowski Company, Inc. JMC Altresco, Inc. Altresco, Inc. Pittsfield Generating Company, L.P. (formerly Altresco Pittsfield, L.P.) Altresco Lynn, Inc. Altresco Lynn, L.P. Berkshire Pittsfield, Inc. Berkshire Pittsfield, L.P. Berkshire Feedline Acquisition L.P. Pittsfield Partners, Inc. 3. SELKIRK COGEN PARTNERS, L.P. PG&E Corporation PG&E Enterprises PG&E Generating Company Beale Generating Company J. Makowski Company, Inc. JMC Selkirk Holdings, Inc. JMC Selkirk, Inc. PentaGen Investors, L.P. Selkirk Cogen Partners, L.P. Selkirk Cogen Funding Corp. 58 4. WALLKILL GENERATING COMPANY, L.P. PG&E Corporation PG&E Enterprises PG&E Generating Company Brodia Enterprises Wallkill Generating Company, L.P. 5. KEYSTONE URBAN RENEWAL, L.P. PG&E Corporation PG&E Enterprises PG&E Generating Company Eagle Power Corporation Keystone Cogeneration Company, L.P. Keystone Urban Renewal, L.P. Logan Generating Company, L.P. (formerly Keystone Energy Services Company, L.P.) 6. LOGAN GENERATING COMPANY, L.P. (formerly KEYSTONE ENERGY SERVICES CO., L.P.) PG&E Corporation PG&E Enterprises PG&E Generating Company Eagle Power Corporation Keystone Cogeneration Company, L.P. Keystone Urban Renewal, Limited Partnership Logan Generating Company, L.P. (formerly Keystone Energy Services Company, L.P.) 7. HERMISTON GENERATING COMPANY PG&E Corporation PG&E Enterprises PG&E Generating Company Larkspur Power Corporation Hermiston Generating Company, L.P. 59 PG&E CORPORATION The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this thirty-first day of December, 1996. PG&E Corporation By CHRISTOPHER P. JOHNS ----------------------------------- Controller Corporate Seal Attest: KATHLEEN RUEGER - ----------------------------------- KATHLEEN RUEGER, Assistant Corporate Secretary Name, title and address of officer to whom notices and correspondence concerning this statement should be addressed. Christopher P. Johns Controller PG&E Corporation 77 Beale Street P.O. Box 770000 San Francisco, CA 94177 60 -----END PRIVACY-ENHANCED MESSAGE-----