-----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, LMB7aKYD4Gg86XHPmHb9Ept5Dexr9ny++6XITYkzct6p8cbLg35IAeAayqsFx5VN KNxDy7wwDCXI3CX9v5DbLA== 0000893220-01-500949.txt : 20020412 0000893220-01-500949.hdr.sgml : 20020412 ACCESSION NUMBER: 0000893220-01-500949 CONFORMED SUBMISSION TYPE: U-9C-3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011129 FILED AS OF DATE: 20011129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONECTIV CENTRAL INDEX KEY: 0001029590 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 510377417 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-9C-3 SEC ACT: 1935 Act SEC FILE NUMBER: 074-00033 FILM NUMBER: 1801498 BUSINESS ADDRESS: STREET 1: 800 KING ST STREET 2: P O BOX 231 CITY: WILMINGTON STATE: DE ZIP: 19899 BUSINESS PHONE: 3024293114 MAIL ADDRESS: STREET 1: 800 KING ST STREET 2: P O BOX 231 CITY: WILMINGTON STATE: DE ZIP: 19899 U-9C-3 1 w55356gu-9c3.txt U-9C-3 FOR CONECTIV DATED NOVEMBER 29, 2001 As Filed with the Securities and Exchange Commission on November 29, 2001 U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM U-9C-3 QUARTERLY REPORT PURSUANT TO RULE 58 OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 For the quarterly period ended September 30, 2001 Conectiv (Name of Registered Holding Company) 800 King Street Wilmington, DE 19899 (Address of Principal Executives Offices) Inquiries concerning this Form U-9C-3 may be directed to either: Peter F. Clark General Counsel Conectiv 800 King Street Wilmington, DE 19899 or Philip S. Reese Vice President and Treasurer Conectiv 800 King Street Wilmington, DE 19899 (302) 429-3884 Conectiv FORM U-9C-3 For the Quarter Ended September 30, 2001 Table of Contents
Page Item 1. Organization Chart 1 Item 2. Issuance and Renewals of Securities and Capital Contributions 1 Item 3. Associated Transactions 2 Item 4. Summary of Aggregate Investment 3 Item 5. Other Investments 3 Item 6. Financial Statements and Exhibits 4 SIGNATURE 5
Item 1. - ORGANIZATION CHART
% of Energy or Gas Voting Related State of Date of Securities Name of Reporting Company Company Organization Organization Held ------------------------- ------- ------------ ------------ ---- Conectiv Conectiv Energy Holding Company Conectiv Energy Supply, Inc. Energy related DE 7/3/75 100 Conectiv Operating Services Company Energy related DE 5/8/87 100 Atlantic Generation, Inc. Energy related DE 10/9/86 100 Vineland Limited, Inc. Energy related DE 8/24/90 100 Vineland Cogen. Limited Partnership Energy related DE 9/27/90 50 Vineland General, Inc. Energy related DE 8/24/90 100 Pedrick Gen, Inc. Energy related DE 7/28/89 100 Binghamton Limited, Inc. Energy related DE 5/2/90 100 Binghamton General, Inc. Energy related DE 5/2/90 100 Energy Investors Fund III, L.P. Energy related DE 4.9 Conectiv Solutions LLC Conectiv Services, Inc. Conectiv Thermal Systems, Inc. Energy related DE 5/5/94 100 ATS Operating Services, Inc. Energy related DE 3/31/95 100 Atlantic Jersey Thermal Systems, Inc Energy related DE 5/10/94 100 Thermal Energy L.P. I Energy related DE 100 ATE Investment, Inc. King Street Assurance Ltd. Enertech Capital Partners, LP Energy related DE 8/9/96 94 Enertech Capital Partners II, LP Energy related DE 4/14/00 Conectiv Properties and Investments, Inc. 10 DCTC-Burney, Inc. Energy related DE 6/26/87 100 Forest Products, L.P. Energy related DE 10/5/89 1 Burney Forest Products Energy related CA UAH-Hydro Kennebec, L.P. Energy related NY 27.5 Luz Solar Partners, Ltd., L.P. Energy related CA 4.8 Tech Leaders II, L.P. Energy related DE 10/28/94 2.6 SciQuest, Inc. Energy related DE 6/20/00 10.2
Item 2. - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS ISSUANCES AND RENEWALS OF SECURITIES
Principal Company Issuing Company To Whom Type of Security Issue or Amount of Interest Rate Security Security Was Issued Issued Renewal Security ($) (%) -------- ------------------- ------ ------- ------------ --- Conectiv Resource Atlantic Generation, Money Pool Advance Renewal * * Partners, Inc., Agent Inc. Conectiv Resource Conectiv Energy Money Pool Advance Renewal * * Partners, Inc., Agent Supply, Inc. Conectiv Resource Conectiv Thermal Money Pool Advance Renewal * * Partners, Inc., Agent Systems, Inc. Conectiv Resource Conectiv Operating Money Pool Advance Renewal * * Partners, Inc., Agent Services Company
Note: Conectiv Resource Partners, Inc. serves as agent for the Conectiv System Money Pool. 1 CAPITAL CONTRIBUTIONS:
Company Contributing Capital Company Receiving Capital Amount of Capital Contribution ---------------------------- ------------------------- ------------------------------ None
* Confidential Treatment Requested Item 3. - ASSOCIATED TRANSACTIONS Part I. - Transactions performed by reporting companies on behalf of associate companies.
Types of Reporting Company Associate Company Services Direct Costs Indirect Costs Total Amount Rendering Services Receiving Services Rendered Charged Charged Billed ------------------ ------------------ -------- ------- ------- ------ Conectiv Operating Conectiv Thermal, Inc. Operating and * * Services Company Maintenance Services ATS Operating Conectiv Operating Labor * * Services, Inc Services Company Conectiv Energy Conectiv Atlantic Gas * * Supply, Inc. Generation, L.L.C. Conectiv Energy Delmarva Power Power and * * Supply, Inc & Light Company Capacity Conectiv Energy Conectiv Thermal, Inc. Gas * * Supply, Inc
* Confidential Treatment Requested Part II - Transactions performed by associate companies on behalf of reporting companies.
Indirect Associate Company Reporting Company Types of Services Direct Costs Costs Total Amount Rendering Services Receiving Services Rendered Charged Charged Billed - ------------------ ------------------ -------- ------- ------- ------ Conectiv Delmarva Conectiv Energy Electric Energy, * * Generation, Inc. Supply, Inc. Capacity and Ancillary Services Conectiv Atlantic Conectiv Energy Electric Energy, * * Generation, L.L.C. Supply, Inc. Capacity and Ancillary Services
Note: Conectiv Resource Partners, Inc., the service company for the Conectiv System, provides services to various reporting companies. Such information is reported on the annual Form U-13-60. * Confidential Treatment Requested 2 Item 4. - SUMMARY OF AGGREGATE INVESTMENT Investments in energy-related companies (in thousands):
Total consolidated capitalization as of September 30, 2001 $4,289,703 Line 1 Total capitalization multiplied by 15% 643,455 Line 2 (Line 1 multiplied by 0.15) Greater of $50 million or line 2 $ 643,455 Line 3 Total current aggregate investment: (categorized by major line of energy-related business) Energy-related business Category - Rule 58(b)(1)(ii) (1) * Energy-related business Category - Rule 58(b)(1)(v) (2) * Energy-related business Category - Rule 58(b)(1)(vi) (3) * Energy-related business Category - Rule 58(b)(1)(vii) (4) * - * Total current aggregate investment Line 4 Difference between the greater of $50 million or 15% of Capitalization and the total aggregate investment of the * Line 5 registered holding company system (line 3 less line 4) =
*Confidential Treatment Requested (1) Rule 58 defines category "ii" as the development and commercialization of electrotechnologies related to energy conservation, storage and conversion, energy efficiency, waste treatment, greenhouse gas reduction, and similar innovations. (2) Rule 58 defines category "v" as the brokering and marketing of energy commodities, including but not limited to electricity, natural or manufactured gas and other combustible fuels. (3) Rule 58 defines category "vi" as the production, conversion, sale and distribution of thermal energy products, such as process steam, heat, hot water, chilled water, air conditioning, compressed air and similar products; alternative fuels; and renewable energy resources; and the servicing of thermal energy facilities. (4) Rule 58 defines category "vii" as the sale of technical, operational, management, and other similar kinds of services and expertise, developed in the course of utility operations in such areas as power plant and transmission system engineering, development, design and rehabilitation; construction; maintenance and operation; fuel procurement, delivery and management; and environmental licensing, testing and redemption. Investments in gas-related companies: NONE Item 5. - OTHER INVESTMENTS
Major Line of Energy- Other Investment in Last Other Investment in this Reason for Difference in Related Business U-9C-3 Report U-9C-3 Report Other Investment ---------------- ------------- ------------- ---------------- NONE
3 Item 6. - FINANCIAL STATEMENTS AND EXHIBITS A. Financial Statements: FS-1 Financial statements of Conectiv (incorporated by reference to the filing by Conectiv on Form 10-Q for the period ended September 30, 2001) FS-2 Financial statements of Conectiv Energy Supply, Inc. and Subsidiary (confidential treatment requested) FS-3 Financial statements of Atlantic Generation, Inc. and Subsidiaries (confidential treatment requested) FS-4 Financial statements of Conectiv Thermal Systems, Inc. and Subsidiaries (confidential treatment requested) FS-5 Financial statements of DTC-Burney, Inc. (confidential treatment requested) B. Exhibits: B-2. Certificate of Conectiv 4 SIGNATURE The undersigned registered holding company has duly caused this quarterly report to be signed on its behalf by the undersigned officer thereunto duly authorized pursuant to the requirements of the Public Utility Holding Company Act of 1935. Conectiv By: /s/ Philip S. Reese -------------------------------- Philip S. Reese Vice President and Treasurer November 29, 2001 5 EX-99.B.2 3 w55356gex99-b_2.txt CERTIFICATE OF CONECTIV Exhibit B-2 CERTIFICATE I hereby certify that the Form U-9C-3 for Conectiv for the previous quarter has been provided to the state commissions listed below: Delaware Public Service Commission 861 Silver Lake Boulevard Cannon Building, Suite 100 Dover, DE 19904 Maryland Public Service Commission 6 St. Paul Centre, 16th Floor Baltimore, MD 21202 Virginia State Corporation Commission 1300 E. Main Street Tyler Building Richmond, VA 23219 New Jersey Board of Public Utilities Two Gateway Center Newark, NJ 07102 CONECTIV By: /s/Philip S. Reese Philip S. Reese Vice President and Treasurer Date: November 29, 2001 6 FS-2 Page 1 of 2 CONECTIV ENERGY SUPPLY, INC. CONSOLIDATED BALANCE SHEET (DOLLARS IN THOUSANDS) (UNAUDITED)
AS OF SEPTEMBER 30, ASSETS 2001 --------------------------- CURRENT ASSETS Cash and cash equivalents * Accounts receivable * Accounts receivable from associated companies * Inventories, at average cost Fuel (coal, oil and gas) * Materials and supplies * Income tax benefit receivable * --------------------------- * --------------------------- PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment * Less: Accumulated depreciation * --------------------------- Net Plant * Construction work-in-progress * Goodwill and other intangibles * --------------------------- * --------------------------- DEFERRED CHARGES AND OTHER ASSETS Prepaid pension cost * Deferred income taxes * --------------------------- * --------------------------- --------------------------- TOTAL ASSETS * =========================== LIABILITIES AND OWNER'S EQUITY CURRENT LIABILITIES Accounts payable * Interest accrued * Other * --------------------------- * --------------------------- DEFERRED CREDITS AND OTHER LIABILITIES Pension and OPEB * Derivative instruments * --------------------------- * --------------------------- CAPITALIZATION Common stock * Additional paid-in capital * Other comprehensive income * Retained earnings * Conectiv money pool loan * --------------------------- Total capitalization * --------------------------- --------------------------- TOTAL CAPITALIZATION AND LIABILITIES * ===========================
FILED UNDER REQUEST FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 104(b) OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. FS-2 Page 2 of 2 CONECTIV ENERGY SUPPLY, INC. CONSOLIDATED STATEMENTS OF INCOME (DOLLARS IN THOUSANDS) (UNAUDITED)
NINE MONTHS ENDED 09/30/01 ---------------------- OPERATING REVENUES Electric * Gas * Other * ---------------------- * ---------------------- OPERATING EXPENSES Electric fuel and purchased energy and capacity * Gas purchased * Cost of sales * Operation and maintenance * Depreciation and amortization * Taxes other than income taxes * ---------------------- * OPERATING INCOME * OTHER INCOME * INTEREST EXPENSE * ---------------------- INCOME BEFORE INCOME TAXES * INCOME TAXES * ---------------------- NET INCOME * ======================
FILED UNDER REQUEST FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 104(b) OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. FS-3 Page 1 of 2 ATLANTIC GENERATION, INC. CONSOLIDATED BALANCE SHEET (DOLLARS IN THOUSANDS) (UNAUDITED)
AS OF SEPTEMBER 30, ASSETS 2001 ------------------------- CURRENT ASSETS Accounts receivable * Income tax benefit receivable * Other prepayments * ------------------------- * ------------------------- INVESTMENTS Investment in ATE * Investment in Energy Investors Fund * Investment in electric generating facilities * Other investments * ------------------------- * ------------------------- PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment * Less: Accumulated depreciation * ------------------------- Net Plant * ------------------------- DEFERRED CHARGES AND OTHER ASSETS ------------------------- Deferred taxes * ------------------------- Deferred taxes * ------------------------- TOTAL ASSETS * ========================= LIABILITIES AND OWNER'S EQUITY CURRENT LIABILITIES Accounts payable * Accounts payable from associated companies * Interest accrued * Other * ------------------------- * ------------------------- ------------------------- DEFERRED CREDITS AND OTHER LIABILITIES * ------------------------- CAPITALIZATION Additional paid-in capital * Retained earnings * Conectiv money pool loan * ------------------------- Total equity * ------------------------- ------------------------- TOTAL CAPITALIZATION AND LIABILITIES * =========================
FILED UNDER REQUEST FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 104(b) OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. FS-3 Page 2 of 2 ATLANTIC GENERATION, INC CONSOLIDATED STATEMENTS OF INCOME (DOLLARS IN THOUSANDS) (UNAUDITED)
NINE MONTHS ENDED 09/30/01 ---------------------- OPERATING REVENUES * ---------------------- OPERATING EXPENSES Operation and maintenance * Depreciation and amortization * Taxes other than income taxes * ---------------------- * ---------------------- OPERATING INCOME * ---------------------- OTHER INCOME * INTEREST EXPENSE * ---------------------- INCOME BEFORE INCOME TAXES * INCOME TAXES * ---------------------- NET INCOME * ======================
FILED UNDER REQUEST FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 104(b) OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. FS-4 Page 1 of 2 CONECTIV THERMAL SYSTEMS, INC. CONSOLIDATED BALANCE SHEET (DOLLARS IN THOUSANDS) (UNAUDITED)
AS OF SEPTEMBER 30, ASSETS 2001 -------------------------- CURRENT ASSETS Cash and cash equivalents * Accounts receivable * Inventories, at average cost Fuel (coal, oil and gas) * Materials and supplies * Income tax benefit receivable * Other prepayments * -------------------------- * -------------------------- INVESTMENTS -------------------------- Funds held by trustee * -------------------------- PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment * Less: Accumulated depreciation * -------------------------- Net Plant * Construction work-in-progress * -------------------------- * -------------------------- DEFERRED CHARGES AND OTHER ASSETS Unamortized debt expense * License fees * Other * -------------------------- * -------------------------- -------------------------- TOTAL ASSETS * ========================== LIABILITIES AND OWNER'S EQUITY CURRENT LIABILITIES Accounts payable * Interest accrued * Other * -------------------------- * -------------------------- DEFERRED CREDITS AND OTHER LIABILITIES Pension and OPEB * Deferred income taxes, net * Other * -------------------------- * -------------------------- CAPITALIZATION Additional paid-in capital * Retained deficit * Conectiv money pool loan * -------------------------- Total equity * Variable rate demand bonds (1) * -------------------------- Total capitalization * -------------------------- -------------------------- TOTAL CAPITALIZATION AND LIABILITIES * ==========================
(1) Classified as current liability for external reporting FILED UNDER REQUEST FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 104(b) OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. FS-4 Page 2 of 2 CONECTIV THERMAL SYSTEMS, INC. CONSOLIDATED STATEMENTS OF INCOME (DOLLARS IN THOUSANDS) (UNAUDITED)
NINE MONTHS ENDED 09/30/01 ---------------------- OPERATING REVENUES * ---------------------- OPERATING EXPENSES Cost of sales * Operation and maintenance * Depreciation and amortization * Taxes other than income taxes * ---------------------- * ---------------------- OPERATING INCOME * ---------------------- OTHER INCOME * ---------------------- INTEREST EXPENSE Interest charges * Allowance for borrowed funds used during construction and capitalized interest * ---------------------- * ---------------------- INCOME BEFORE INCOME TAXES * INCOME TAXES * ---------------------- NET INCOME * ======================
FILED UNDER REQUEST FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 104(b) OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. FS-5 Page 1 of 2 DCTC-BURNEY, INC. BALANCE SHEET (DOLLARS IN THOUSANDS) (UNAUDITED)
AS OF SEPTEMBER 30, ASSETS 2001 -------------------------- CURRENT ASSETS Cash and cash equivalents * Accounts receivable * -------------------------- * -------------------------- -------------------------- INVESTMENT IN BURNEY FOREST PRODUCTS * -------------------------- Other Investments * -------------------------- * -------------------------- -------------------------- TOTAL ASSETS * ========================== LIABILITIES AND OWNER'S EQUITY CURRENT LIABILITIES -------------------------- Taxes accrued * -------------------------- DEFERRED CREDITS AND OTHER LIABILITIES -------------------------- Deferred income taxes, net * -------------------------- Other - -------------------------- * -------------------------- CAPITALIZATION Conectiv common stock * Additional paid-in capital * Retained earnings * -------------------------- Total capitalization * -------------------------- -------------------------- TOTAL CAPITALIZATION AND LIABILITIES * ==========================
FILED UNDER REQUEST FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 104(b) OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. FS-5 Page 2 of 2 DCTC-BURNEY, INC. CONSOLIDATED STATEMENTS OF INCOME (DOLLARS IN THOUSANDS) (UNAUDITED)
NINE MONTHS ENDED 09/30/01 ---------------------- OPERATING REVENUES * ---------------------- OPERATING EXPENSES Operation and maintenance * Depreciation and amortization * Taxes other than income taxes * ---------------------- * ---------------------- OPERATING INCOME * ---------------------- OTHER INCOME * ---------------------- ---------------------- INTEREST EXPENSE * ---------------------- INCOME BEFORE INCOME TAXES * INCOME TAXES * ---------------------- NET INCOME * ======================
FILED UNDER REQUEST FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 104(b) OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. -----END PRIVACY-ENHANCED MESSAGE-----