EX-99 2 ex_a1.htm FE SOLUTIONS BALANCE SHEET AND STATEMENT OF OPERATIONS FE Solutions Balance Sheet and Statement of Operations
Exhibit A-1

FIRSTENERGY SOLUTIONS CORP.
Balance Sheet
                March 31, 2005               
(Unaudited)
 
ASSETS
       
         
CURRENT ASSETS:
       
Cash and cash equivalents
 
$
5,915
 
Receivables:
       
Customers
   
165,624
 
Associated companies
   
146,967
 
Other
   
5,115
 
Notes receivable from associated companies
   
-
 
Material and supplies
   
217
 
Prepayments and other
   
9,200
 
     
333,038
 
         
PROPERTY, PLANT AND EQUIPMENT:
       
In service
   
16,158
 
Less: Accumulated provision for depreciation
   
5,358
 
     
10,800
 
Construction work in progress
   
1,001
 
     
11,801
 
         
INVESTMENTS:
       
Other
   
191,921
 
     
191,921
 
         
DEFERRED CHARGES:
       
Goodwill
   
24,248
 
Accumulated deferred income taxes
   
33,099
 
Other
   
137,386
 
     
194,733
 
         
TOTAL ASSETS
 
$
731,493
 
         
LIABILITIES & CAPITALIZATION
       
         
CURRENT LIABILITIES:
       
Notes payable to associated companies
 
$
176,069
 
Accounts payable
       
Other
   
92,148
 
Associated companies
   
158,239
 
Accrued taxes
   
49,354
 
Accrued interest
   
-
 
Other
   
9,551
 
     
485,361
 
         
CAPITALIZATION:
       
Common stockholder’s equity
   
232,790
 
Long-term debt
   
-
 
     
232,790
 
         
DEFERRED CREDITS:
       
Retirement benefits
   
9,977
 
Other
   
3,365
 
     
13,342
 
         
TOTAL LIABILITIES & CAPITALIZATION
 
$
731,493
 
 


Exhibit A-1


FIRSTENERGY SOLUTIONS CORP.
          Statement of Operations         
(Unaudited)


       
 
Three Months
 
       
Ended
 
       
March 31, 2005
 
           
               
REVENUES
       
$
963,363
 
               
EXPENSES:
             
               
Fuel, purchased power and gas
         
866,972
 
Other operating expenses
         
40,940
 
Provision for depreciation and amortization
         
415
 
General taxes
         
2,971
 
Total expenses
         
911,298
 
               
EQUITY IN SUBSIDIARY EARNINGS
         
26,217
 
               
INCOME BEFORE INTEREST & INCOME TAXES
         
78,282
 
               
NET INTEREST CHARGES:
             
               
Interest expenses
         
1,302
 
Capitalized interest
         
(12
)
Net interest charges
         
1,290
 
               
INCOME TAXES
         
20,967
 
               
DISCONTINUED OPERATIONS
         
6,109
 
               
NET INCOME
       
$
62,134