EX-99 4 lihtc_ex-a.txt EXHIBIT A Exhibit A Page 1 of 3 OHIO EDISON COMPANY Consolidated Balance Sheet (Unaudited) As of December 31, 2004 -------------------------------------- (In Thousands) Assets Utility Plant: In service $ 5,269,042 Less--Accumulated provision for depreciation 2,578,899 ----------- 2,690,143 Construction work in progress 145,934 ----------- 2,836,077 ----------- Investments: Investment in lease obligation bonds 383,510 Letter of credit collateralization 277,763 Nuclear plant decommissioning trusts 376,367 Notes receivable from associated companies 508,594 Others 59,102 ----------- 1,605,336 ----------- Current Assets: Cash and cash equivalents 1,883 Receivables: Customers 280,538 Associated companies 436,991 Other 28,308 Notes receivable from associated companies 366,501 Materials and supplies 79,813 Prepayments and other 14,390 ----------- 1,208,424 ----------- Deferred Charges: Regulatory assets 1,477,969 Property taxes 59,279 Unamortized sale and leaseback costs 65,631 Other 64,214 ----------- 1,667,093 ----------- Total Assets $ 7,316,930 =========== Exhibit A Page 2 of 3 OHIO EDISON COMPANY Consolidated Balance Sheet (Unaudited) As of December 31, 2003 ---------------------------------------- (In Thousands) Liabilities and Capitalization Common stockholder's equity $ 2,582,970 Preferred stock not subject to mandatory redemption 60,965 Preferred stock of consolidated subsidiary: Not subject to mandatory redemption 39,105 Long-term debt and other long-term obligations: Preferred stock of consolidated subsidiary subject to mandatory redemption 12,750 Other 1,167,039 ----------- 3,862,829 ----------- Current Liabilities: Currently payable long-term debt and preferred stock 466,589 Short-term borrowings: Associated companies 11,334 Other 171,540 Accounts payable: Associated companies 271,262 Other 7,979 Accrued taxes 560,345 Accrued interest 18,714 Other 58,680 ----------- 1,566,443 ----------- Deferred Credits: Accumulated deferred income taxes 867,691 Accumulated deferred investment tax credits 75,820 Asset retirement obligation 317,702 Retirement benefits 331,829 Other 294,616 ----------- 1,887,658 ----------- Total Liabilities and Capitalization $ 7,316,930 =========== Exhibit A Page 3 of 3 OHIO EDISON COMPANY Consolidated Statement of Income (Unaudited) For the Twelve Months Ended December 31, 2003 --------------------------------------------- (In Thousands) Operating Revenues $ 2,925,832 Operating Expenses and Taxes: Fuel and purchased power 966,892 Other operating expenses 798,035 Provision for depreciation and amortization 438,121 General taxes 170,078 Income taxes 216,979 ---------- Total operating expenses and taxes 2,590,105 ---------- Operating Income 335,727 Other Income 67,991 Income before Net Interest Charges 403,718 Net interest charges: Interest expense 113,137 Allowance from borrowed funds used during construction (6,075) Subsidiaries' preferred stock dividends 3,731 ---------- Net interest charges 110,793 ---------- Income before Cumulative Effect of Accounting Change 292,925 Cumulative effect of accounting change 31,720 ---------- Net Income 324,645 Preferred Stock Dividend Requirements 2,732 ---------- Earnings on Common Stock $ 321,913 ==========