EX-99 2 ex_a-1.htm FIRSTENERGY SOLUTIONS CORP BALANCE SHEET AND STATEMENT OF OPERATIONS FirstEnergy Solutions Corp Balance Sheet and Statement of Operations
Exhibit A-1
FIRSTENERGY SOLUTIONS CORP.
Balance Sheet
                September 30, 2005               
(Unaudited)
 
 
ASSETS
       
         
CURRENT ASSETS:
       
Cash and cash equivalents
 
$
2
 
Receivables:
       
Customers
   
125,767
 
Associated companies
   
122,162
 
Other
   
2,017
 
Material and supplies
   
3,744
 
Prepayments and other
   
44,400
 
     
298,092
 
PROPERTY, PLANT AND EQUIPMENT:
       
In service
   
15,363
 
Less: Accumulated provision for depreciation
   
5,375
 
     
9,988
 
Construction work in progress
   
1,645
 
     
11,633
 
INVESTMENTS:
       
Other
   
183,883
 
     
183,883
 
DEFERRED CHARGES:
       
Goodwill
   
24,248
 
Accumulated deferred income taxes
   
37,821
 
Other
   
181,402
 
     
243,471
 
TOTAL ASSETS
 
$
737,079
 
         
LIABILITIES & CAPITALIZATION
       
         
CURRENT LIABILITIES:
       
Notes payable to associated companies
 
$
121,568
 
Accounts payable
       
Other
   
69,110
 
Associated companies
   
167,615
 
Accrued taxes
   
28,505
 
Other
   
56,575
 
     
443,373
 
CAPITALIZATION:
       
Common stockholder’s equity
   
274,508
 
Long-term debt
   
-
 
     
274,508
 
DEFERRED CREDITS:
       
Retirement benefits
   
13,551
 
Other
   
5,647
 
     
19,198
 
         
TOTAL LIABILITIES & CAPITALIZATION
 
$
737,079
 
 
 
 

 

Exhibit A-1


FIRSTENERGY SOLUTIONS CORP.
Statement of Operations          
(Unaudited)


   
 
Three Months
     
   
Ended
 
Year-to-Date
 
   
Sept. 30, 2005
 
Sept. 30, 2005
 
           
               
REVENUES
 
$
1,075,568
 
$
2,986,804
 
               
EXPENSES:
             
               
Fuel, purchased power and gas
   
948,434
   
2,653,308
 
Other operating expenses
   
100,178
   
188,542
 
Provision for depreciation and amortization
   
428
   
1,289
 
General taxes
   
3,181
   
9,043
 
Total expenses
   
1,052,221
   
2,852,182
 
               
EQUITY IN SUBSIDIARY EARNINGS/(LOSS)
   
(10,201
)
 
18,617
 
               
INCOME BEFORE INTEREST & INCOME TAXES
   
13,146
   
153,239
 
               
NET INTEREST CHARGES:
             
               
Interest expenses
   
1,408
   
4,035
 
Capitalized interest
   
(24
)
 
(55
)
Net interest charges
   
1,384
   
3,980
 
               
INCOME TAXES
   
9,119
   
50,108
 
               
DISCONTINUED OPERATIONS
   
528
   
5,642
 
               
NET INCOME
 
$
3,171
 
$
104,793