EX-99 4 u9c3_1stqtrexa1-2002.txt EXHIBIT A-1 Exhibit A-1 FIRSTENERGY SOLUTIONS CORP. Balance Sheet March 31, 2002 ----------------------- (Unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 4,674 Receivables: Customers 173,256 Associated companies 101,651 Other 9,599 Notes receivable from associated companies - Material and supplies 5,205 Prepayments and other 31,188 -------- 325,573 -------- PROPERTY, PLANT AND EQUIPMENT: In service 9,849 Less: Accumulated provision for depreciation 3,133 -------- 6,716 Construction work in progress 595 -------- 7,311 -------- INVESTMENTS: Pension investments 712 Other 8,553 -------- 9,265 -------- DEFERRED CHARGES: Goodwill 23,974 Other 8,831 -------- 32,805 -------- TOTAL ASSETS $ 374,954 ======== LIABILITIES & STOCKHOLDER'S EQUITY CURRENT LIABILITIES: Notes payable to associated companies $ 202,237 Accounts payable Other 85,484 Associated companies 181,114 Accrued taxes 1,985 Accrued interest - Other 29,170 -------- 499,990 -------- CAPITALIZATION: Common stockholders' equity (120,752) Long-term debt - -------- (120,752) -------- DEFERRED CREDITS: Accumulated deferred income taxes (21,696) Accumulated deferred investment tax credits - Other postretirement benefits 3,321 Other 14,091 -------- (4,284) -------- TOTAL LIABILITIES & CAPITALIZATION $ 374,954 ======== Exhibit A-1 FIRSTENERGY SOLUTIONS CORP. Statement of Income --------------------------- (Unaudited) Three Months Ended March 31,2002 ------------- REVENUES $ 837,840 EXPENSES: Fuel, purchased power and gas 801,263 Other operating expenses 69,309 Provision for depreciation and amortization 507 General taxes 1,451 -------- Total expenses 872,530 -------- EQUITY IN SUBSIDIARY EARNINGS 11,401 -------- INCOME/(LOSS) BEFORE INTEREST & INCOME TAXES (23,289) NET INTEREST CHARGES: Interest expenses 2,253 Capitalized interest (15) -------- Net interest charges 2,238 -------- INCOME TAXES (15,104) -------- NET INCOME/(LOSS) $ (10,423) ========