EX-99 4 fe_u9c3-exha1.txt EXHIBIT A-1 Exhibit A-1 FIRSTENERGY SOLUTIONS CORP. Balance Sheet June 30, 2002 ------------------------------ (Unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 20,277 Receivables: Customers 172,840 Associated companies 139,673 Other 10,958 Notes receivable from associated companies - Material and supplies 12,719 Prepayments and other 26,971 -------- 383,438 -------- PROPERTY, PLANT AND EQUIPMENT: In service 9,849 Less: Accumulated provision for depreciation 3,383 -------- 6,466 Construction work in progress 330 -------- 6,796 -------- INVESTMENTS: Pension investments 709 Other 27,176 -------- 27,885 -------- DEFERRED CHARGES: Goodwill 23,974 Other 19,792 -------- 43,766 -------- TOTAL ASSETS $ 461,885 ======== LIABILITIES & STOCKHOLDER'S EQUITY CURRENT LIABILITIES: Notes payable to associated companies $ 177,814 Accounts payable Other 123,814 Associated companies 253,341 Accrued taxes 1,338 Accrued interest - Other 34,128 -------- 590,435 -------- CAPITALIZATION: Common stockholders' equity (130,045) Long-term debt - -------- (130,045) -------- DEFERRED CREDITS: Accumulated deferred income taxes (23,835) Accumulated deferred investment tax credits - Other postretirement benefits 4,465 Other 20,865 -------- 1,495 -------- TOTAL LIABILITIES & CAPITALIZATION $ 461,885 ======== Exhibit A-1 FIRSTENERGY SOLUTIONS CORP. Statement of Income --------------------------- (Unaudited) Three Months Six Months Ended Ended June 30,2002 June 30, 2002 ------------ ------------- REVENUES $ 907,695 $ 1,645,535 EXPENSES: Fuel, purchased power and gas 789,348 1,590,611 Other operating expenses 40,974 110,283 Provision for depreciation and amortization 503 1,010 General taxes 636 2,087 -------- ---------- Total expenses 831,461 1,703,991 -------- ---------- EQUITY IN SUBSIDIARY EARNINGS 7,938 19,339 -------- ---------- INCOME/(LOSS) BEFORE INTEREST & INCOME TAXES (15,828) (39,117) NET INTEREST CHARGES: Interest expenses 1,426 3,679 Capitalized interest (17) (32) -------- --------- Net interest charges 1,409 3,647 -------- --------- INCOME TAXES (10,048) (25,152) -------- --------- NET INCOME/(LOSS) $ (7,189) $ (17,612) ======== =========