EX-99 3 exhibit_a-1.txt EXHIBIT A-1 Exhibit A-1 FIRSTENERGY SOLUTIONS CORP. Balance Sheet June 30, 2004 (Unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 5,956 Receivables: Customers 141,207 Associated companies 139,697 Other 4,864 Notes receivable from associated companies - Material and supplies 11,524 Prepayments and other 21,563 -------- 324,811 -------- PROPERTY, PLANT AND EQUIPMENT: In service 17,510 Less: Accumulated provision for depreciation 5,692 -------- 11,818 Construction work in progress 434 -------- 12,252 -------- INVESTMENTS: Other 111,258 -------- 111,258 ------- DEFERRED CHARGES: Goodwill 26,067 Accumulated deferred income taxes 38,715 Other 146,491 -------- 211,273 -------- TOTAL ASSETS $ 659,594 ======== LIABILITIES & CAPITALIZATION CURRENT LIABILITIES: Notes payable to associated companies $ 314,687 Accounts payable Other 90,328 Associated companies 135,691 Accrued taxes 34,848 Accrued interest - Other 27,570 -------- 603,124 -------- CAPITALIZATION: Common stockholders' equity 35,103 Long-term debt - -------- 35,103 -------- DEFERRED CREDITS: Accumulated deferred income taxes - Accumulated deferred investment tax credits - Other postretirement benefits 14,969 Other 6,398 -------- 21,367 -------- TOTAL LIABILITIES & CAPITALIZATION $ 659,594 ======== Exhibit A-1 FIRSTENERGY SOLUTIONS CORP. Statement of Income (Unaudited) Three Months Six Months Ended Ended June 30, 2004 June 30, 2004 ------------- ------------- REVENUES $1,427,674 $ 2,891,617 EXPENSES: Fuel, purchased power and gas 1,277,944 2,630,678 Other operating expenses 67,821 146,345 Provision for depreciation and amortization 691 1,462 General taxes 2,334 4,486 --------- --------- Total expenses 1,348,790 2,782,971 --------- --------- EQUITY IN SUBSIDIARY EARNINGS 19,307 44,020 -------- --------- INCOME BEFORE INTEREST & INCOME TAXES 98,191 152,666 NET INTEREST CHARGES: Interest expenses 1,419 3,251 Capitalized interest - (1) -------- --------- Net interest charges 1,419 3,250 -------- --------- INCOME TAXES 31,783 43,143 -------- --------- NET INCOME $ 64,989 $ 106,273 ======== =========