EX-99 4 fe_exh-a1.txt EXHIBIT A-1 Exhibit A-1 FIRSTENERGY SOLUTIONS CORP. Balance Sheet March 31, 2003 --------------------------- (Unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 3,318 Receivables: Customers 275,955 Associated companies 189,468 Other 15,419 Notes receivable from associated companies - Material and supplies 4,282 Prepayments and other 77,512 -------- 565,954 -------- PROPERTY, PLANT AND EQUIPMENT: In service 9,620 Less: Accumulated provision for depreciation 2,937 -------- 6,683 Construction work in progress 397 -------- 7,080 -------- INVESTMENTS: Pension investments - Other 19,139 -------- 19,139 -------- DEFERRED CHARGES: Goodwill 25,360 Other 55,647 -------- 81,007 -------- TOTAL ASSETS $ 673,180 ======== LIABILITIES & STOCKHOLDER'S EQUITY CURRENT LIABILITIES: Notes payable to associated companies $ 215,588 Accounts payable Other 306,162 Associated companies 185,882 Accrued taxes 814 Accrued interest - Other 50,954 -------- 759,400 -------- CAPITALIZATION: Common stockholders' equity (119,045) Long-term debt - -------- (119,045) DEFERRED CREDITS: Accumulated deferred income taxes (6,381) Accumulated deferred investment tax credits - Other postretirement benefits 17,963 Other 21,243 -------- 32,825 -------- TOTAL LIABILITIES & CAPITALIZATION $ 673,180 ======== Exhibit A-1 FIRSTENERGY SOLUTIONS CORP. Statement of Income (Unaudited) Three Months Ended March 31,2003 ------------- REVENUES $1,258,376 EXPENSES: Fuel, purchased power and gas 1,217,345 Other operating expenses 48,704 Provision for depreciation and amortization 773 General taxes 2,179 --------- Total expenses 1,269,001 --------- EQUITY IN SUBSIDIARY EARNINGS 19,294 --------- INCOME/(LOSS) BEFORE INTEREST & INCOME TAXES 8,669 NET INTEREST CHARGES: Interest expenses 905 Capitalized interest (8) --------- Net interest charges 897 --------- INCOME TAXES (4,767) --------- NET INCOME/(LOSS) $ 12,539 =========