-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WBuuBB15EJxr8ksjShOcnRGBb6lx+LB73L6coGQfY4nCHTqSzxuaZvk2fKUllPOQ dP2T+Pr7FG0l54W+/bBMqA== 0000950120-01-500030.txt : 20010424 0000950120-01-500030.hdr.sgml : 20010424 ACCESSION NUMBER: 0000950120-01-500030 CONFORMED SUBMISSION TYPE: U-3A-2/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010301 FILED AS OF DATE: 20010423 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WISCONSIN POWER & LIGHT CO CENTRAL INDEX KEY: 0000107832 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 390714890 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2/A SEC ACT: SEC FILE NUMBER: 069-00090 FILM NUMBER: 1608266 BUSINESS ADDRESS: STREET 1: 222 W WASHINGTON AVE CITY: MADISON STATE: WI ZIP: 53703 BUSINESS PHONE: 6082523311 U-3A-2/A 1 formu3a2.txt FORM U-3A-2 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDED FORM U-3A-2 Statement by Holding Company Claiming Exemption Under Rule U-3A-2 from the Provisions of the Public Utility Holding Company Act of 1935 To Be Filed Annually Prior to March 1 WISCONSIN POWER AND LIGHT COMPANY hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information: 1. NAME, STATE OF ORGANIZATION, LOCATION AND NATURE OF BUSINESS OF CLAIMANT AND EVERY SUBSIDIARY THEREOF, OTHER THAN ANY EXEMPT WHOLESALE GENERATOR (EWG) OR FOREIGN UTILITY COMPANY IN WHICH CLAIMANT DIRECTLY OR INDIRECTLY HOLDS AN INTEREST. Wisconsin Power and Light Company ("WPL") was incorporated in Wisconsin in 1917 and is a public utility company engaged principally in the generation, transmission, transportation, distribution and sale of electric energy; the purchase, distribution, transportation and sale of natural gas; and the provision of water services in selective markets. WPL is headquartered in Madison, Wisconsin and nearly all of its customers are located in south and central Wisconsin. WPL owns all of the outstanding stock of South Beloit Water, Gas and Electric Company ("South Beloit"), a public utility supplying electric, gas and water service, principally in Winnebago County, Illinois, which was incorporated in 1908. WPL owns approximately 24% of the non-voting stock and 20% of the voting stock of ATC Management Inc. ("ATC"), a Wisconsin corporation incorporated in 2000 and headquartered in Waukesha, Wisconsin. ATC is the corporate manager of American Transmission Company LLC (the "Transco") and, as such, has full, complete and exclusive discretion to exercise management control over the business of the Transco. WPL owns approximately 24% of the Transco, which is a Wisconsin limited liability company formed in 2000. The Transco owns and operates the electric transmission system in eastern Wisconsin. WPL owns approximately 13% of the voting stock of Wisconsin Valley Improvement Company ("Improvement Company"), which is incorporated under the laws of the State of Wisconsin and has its principal office at Wausau, Wisconsin. Improvement Company operates a system of dams and water reservoirs on the Wisconsin River and tributary streams to produce as nearly a uniform stream flow as practicable through all seasons, and charges to benefited power plant 2 owners water tolls as determined semi-annually by the Public Service Commission of Wisconsin, all pursuant to special enactments of the Wisconsin Legislature. Improvement Company generates no electric energy and renders no public utility services. It is believed that Improvement Company is not a "public utility company" as defined in the Public Utility Holding Company Act of 1935. In findings and opinions promulgated on October 28, 1940, in file No. 31-480 (8 S.E.C. Decisions, p. 134), the Commission declared said Improvement Company not to be a subsidiary of WPL. WPL owns 33 1/3% of the outstanding stock of Wisconsin River Power Company, a Wisconsin corporation having its principal office at Wisconsin Rapids, Wisconsin ("River Company"). River Company operates two dams and hydro-electric plants on the Wisconsin River, the output of which plants is sold in equal parts to three companies, including WPL, which three companies own all of the outstanding stock of River Company in substantially equal parts. 2. A BRIEF DESCRIPTION OF THE PROPERTIES OF CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES USED FOR THE GENERATION, TRANSMISSION, AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE, OR FOR THE PRODUCTION, TRANSMISSION, AND DISTRIBUTION OF NATURAL OR MANUFACTURED GAS, INDICATING THE LOCATION OF PRINCIPAL GENERATING PLANTS, TRANSMISSION LINES, PRODUCING FIELDS, GAS MANUFACTURING PLANTS, AND ELECTRIC AND GAS DISTRIBUTION FACILITIES, INCLUDING ALL SUCH PROPERTIES WHICH ARE OUTSIDE THE STATE IN WHICH CLAIMANT AND ITS SUBSIDIARIES ARE ORGANIZED AND ALL TRANSMISSION OR PIPELINES WHICH DELIVER OR RECEIVE ELECTRIC ENERGY OR GAS AT THE BORDERS OF SUCH STATE. 3 WPL owns and operates 218 distribution substations with a capacity of 3,482,090 KVA. WPL owns and operates 16,826 pole-line miles of overhead distribution lines and 2,496 conduit-back miles of underground distribution lines. All of these facilities are located in the State of Wisconsin. WPL, as of December 31, 2000, owned or had interest in the following generation stations:
- ---------------------------------- ---------------------- ------------------------ -------------------- Generating Source Location Maximum mw Capability WPL entitlement - ---------------------------------- ---------------------- ------------------------ -------------------- Kewaunee Nuclear Kewaunee, WI 500.5 205.2 - ---------------------------------- ---------------------- ------------------------ -------------------- Nelson Dewey Cassville, WI 223.8 223.8 - ---------------------------------- ---------------------- ------------------------ -------------------- Edgewater Unit 3 Sheboygan, WI 76.7 76.7 - ---------------------------------- ---------------------- ------------------------ -------------------- Edgewater Unit 4 Sheboygan, WI 338.1 230.6 - ---------------------------------- ---------------------- ------------------------ -------------------- Edgewater Unit 5 Sheboygan, WI 409.3 307.0 - ---------------------------------- ---------------------- ------------------------ -------------------- Columbia Energy Center Portage, WI 1,073.8 496.1 - ---------------------------------- ---------------------- ------------------------ -------------------- Blackhawk Beloit, WI 54.5 54.5 - ---------------------------------- ---------------------- ------------------------ -------------------- Rock River Beloit, WI 153.4 153.4 - ---------------------------------- ---------------------- ------------------------ -------------------- Rock River Comb. Turbines Beloit, WI 159.1 159.1 - ---------------------------------- ---------------------- ------------------------ -------------------- So. FDL Comb. Turbines Fond du Lac, WI 166.9 166.9 - ---------------------------------- ---------------------- ------------------------ -------------------- Sheepskin Edgerton, WI 38.4 38.4 - ---------------------------------- ---------------------- ------------------------ -------------------- Kilbourn Hydro Wisconsin Dells, WI 8.0 8.0 - ---------------------------------- ---------------------- ------------------------ -------------------- Prairie du Sac Hydro Prairie du Sac, WI 17.0 17.0 - ---------------------------------- ---------------------- ------------------------ -------------------- Petenwell/Castle Rock Wisconsin Rapids, WI 21.0 7.0 - ---------------------------------- ---------------------- ------------------------ --------------------
WPL owns approximately 3,283 miles of high and low pressure mains for the distribution of natural gas in the State of Wisconsin. WPL purchases its natural gas from a diverse portfolio of gas supplies located in the U.S. and Canada. Gas is transported to WPL's system by interstate 4 pipeline suppliers under Federal Energy Regulatory Commission approved rate schedules. WPL has interconnecting facilities with Northern Natural Gas and American Natural Resources. WPL also has approximately 211 miles of water mains in two Wisconsin cities, Beloit and Ripon. South Beloit owns approximately 220 miles of electric overhead and underground distribution lines, approximately 138 miles of gas mains and approximately 29 miles of water mains, serving the City of Beloit, and Village of Rockton and adjacent territory in Winnebago County, Illinois. It also owns a water pumping station. River Company owns the dam sites and generation facilities at two hydroelectric sites that have an installed capacity of 21,000 kW. ATC owns an undivided 1/1,000,000 and the Transco owns the remaining interest in a grid of transmission facilities located in Wisconsin plus a portion of the Upper Peninsula of Michigan and a very small portion of Illinois adjacent to the Wisconsin border. In Wisconsin, the transmission assets consist of approximately 6,600 circuit miles of transmission lines with ratings from 69 Kv to 345 Kv plus associated substations and real property interests. ATC and 5 the Transco own approximately 1,000 and 11 circuit miles of additional transmission facilities in Michigan and Illinois, respectively. 3. THE FOLLOWING INFORMATION FOR THE LAST CALENDAR YEAR WITH RESPECT TO CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES: (a) Number of kwh of electric energy sold (at retail or wholesale), and Mcf of natural or manufactured gas distributed at retail. Retail kwh - 9,703,454,991 Wholesale kwh - 3,460,318,047 Retail Mcf - 21,905,992 (b) Number of kwh of electric energy and Mcf of natural or manufactured gas distributed at retail outside the State in which each such company is organized. None (c) Number of kwh of electric energy and Mcf of natural or manufactured gas sold at wholesale outside the State in which each such company is organized, or at the State line. kwh - 351,599,129 Mcf - 4,253,424 (d) Number of kwh of electric energy and Mcf of natural or manufactured gas purchased outside the State in which each such company is organized or at the State line. kwh - 2,901,651,000 Mcf - 30,497,440 4. THE FOLLOWING INFORMATION FOR THE REPORTING PERIOD WITH RESPECT TO CLAIMANT AND EACH INTEREST IT HOLDS DIRECTLY OR INDIRECTLY IN AN EWG OR A FOREIGN UTILITY COMPANY, STATING MONETARY AMOUNTS IN UNITED STATES DOLLARS: (a) Name, location, business address and description of the facilities used by the EWG or foreign utility company for the generation, transmission and 6 distribution of electric energy for sale or for the distribution at retail of natural or manufactured gas. None (b) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest held. None (c) Type and amount of capital invested, directly or indirectly, by the holding company claiming exemption; any direct or indirect guarantee of the security of the EWG or foreign utility company by the holding company claiming exemption; and any debt or other financial obligation for which there is recourse, directly or indirectly, to the holding company claiming exemption or another system company, other than the EWG or foreign utility company. None. (d) Capitalization and earnings of the EWG or foreign utility company during the reporting period. None. (e) Identify any service, sales or construction contract(s) between the EWG or foreign utility company and a system company, and describe the services to be rendered or goods sold and fees or revenues under such agreement(s). None. 7 EXHIBIT A A consolidating statement of income and surplus of the claimant and its subsidiary companies for the last calendar year, together with a consolidating balance sheet of claimant and its subsidiary companies as of the close of such calendar year. (Note that the Notes of Consolidated Financial Statements filed with WPL's Form 10-K for the fiscal year ended 12/31/00 are an integral part of these statements.) WISCONSIN POWER AND LIGHT COMPANY CONSOLIDATED STATEMENTS OF INCOME Year Ended December 31, 2000 1999 1998 - -------------------------------------------------------------------------------- (in thousands) Operating revenues: Electric utility $692,191 $626,607 $614,704 Gas utility 165,152 120,770 111,737 Water 5,038 5,128 5,007 -------- -------- -------- 862,381 752,505 731,448 -------- -------- -------- - -------------------------------------------------------------------------------- Operating expenses: Electric production fuels 113,208 110,521 120,485 Purchased power 146,939 107,598 113,936 Cost of gas sold 107,131 64,073 61,409 Other operation and maintenance 188,967 172,131 193,578 Depreciation and amortization 139,911 113,037 119,221 8 Taxes other than income taxes 29,163 30,240 30,169 -------- -------- -------- 725,319 597,600 638,798 -------- -------- -------- - -------------------------------------------------------------------------------- Operating income 137,062 154,905 92,650 -------- -------- -------- - -------------------------------------------------------------------------------- Interest expense and other: Interest expense 44,644 40,992 36,584 Allowance for funds used during construction (5,365) (4,511) (3,049) Miscellaneous, net (16,536) 1,836 (1,129) -------- -------- -------- 22,743 38,317 32,406 -------- -------- -------- - -------------------------------------------------------------------------------- Income before income taxes 114,319 116,588 60,244 -------- -------- -------- - -------------------------------------------------------------------------------- Income taxes 42,918 45,758 24,670 -------- -------- -------- - -------------------------------------------------------------------------------- Income before cumulative effect of a change in accounting principle, net of tax 71,401 70,830 35,574 -------- -------- -------- - -------------------------------------------------------------------------------- Cumulative effect of a change in accounting principle, net of tax 35 - - -------- -------- -------- - -------------------------------------------------------------------------------- Net income 71,436 70,830 35,574 -------- -------- -------- - -------------------------------------------------------------------------------- 9 Preferred dividend requirements 3,310 3,310 3,310 -------- -------- -------- - -------------------------------------------------------------------------------- Earnings available for common stock $68,126 $67,520 $32,264 ======== ======== ======== - -------------------------------------------------------------------------------- 10 WISCONSIN POWER AND LIGHT COMPANY CONSOLIDATED BALANCE SHEETS December 31, ASSETS 2000 1999 - -------------------------------------------------------------------------------- (in thousands) PROPERTY, PLANT AND EQUIPMENT: Utility - Plant in service - Electric $2,007,974 $1,921,624 Gas 273,457 258,132 Water 29,869 27,770 Common 223,921 218,607 ---------- ---------- 2,535,221 2,426,133 Less - Accumulated depreciation 1,380,723 1,266,366 ---------- ---------- 1,154,498 1,159,767 Construction work in progress 59,133 66,784 Nuclear fuel, net of amortization 16,099 15,079 ---------- ---------- 1,229,730 1,241,630 Other property, plant and equipment, net of accumulated depreciation and amortization of $195 and $169, respectively 369 608 ---------- ---------- 1,230,099 1,242,238 ---------- ---------- - -------------------------------------------------------------------------------- CURRENT ASSETS: Cash and temporary cash investments Accounts receivable: 2,584 3,555 Customer 51,769 22,061 Associated companies 2,211 5,067 11 Other 13,865 10,984 Production fuel, at average cost 17,811 20,663 Materials and supplies, at average cost 21,639 20,439 Gas stored underground, at average cost 13,876 8,624 Prepaid gross receipts tax 23,088 20,864 Other 6,397 9,275 ---------- ---------- 153,240 121,532 ---------- ---------- - -------------------------------------------------------------------------------- INVESTMENTS: Nuclear decommissioning trust funds 195,768 166,202 Other 14,362 15,272 ---------- ---------- 210,130 181,474 ---------- ---------- - -------------------------------------------------------------------------------- OTHER ASSETS: Regulatory assets 88,721 82,161 Deferred charges and other 174,834 138,730 ---------- ---------- 263,555 220,891 ---------- ---------- - -------------------------------------------------------------------------------- TOTAL ASSETS $1,857,024 $1,766,135 ========== ========== - -------------------------------------------------------------------------------- 12 WISCONSIN POWER AND LIGHT COMPANY CONSOLIDATED BALANCE SHEETS (CONTINUED) December 31, CAPITALIZATION AND LIABILITIES 2000 1999 - -------------------------------------------------------------------------------- (in thousands) CAPITALIZATION (SEE CONSOLIDATED STATEMENTS OF CAPITALIZATION): Common stock $66,183 $66,183 Additional paid-in capital 229,516 229,438 Retained earnings 371,602 303,476 Accumulated other comprehensive loss (4,708) - ---------- ---------- Total common equity 662,593 599,097 ---------- ---------- Cumulative preferred stock 59,963 59,963 Long-term debt (excluding current portion) 514,209 414,673 ---------- ---------- 1,236,765 1,073,733 ---------- ---------- - -------------------------------------------------------------------------------- CURRENT LIABILITIES: Current maturities - 1,875 Variable rate demand bonds 55,100 55,100 Notes payable to associated companies 29,244 125,749 Accounts payable 120,155 88,245 Accounts payable to associated companies 32,442 25,306 Other 36,266 30,283 ---------- ---------- 273,207 326,558 ---------- ---------- - -------------------------------------------------------------------------------- 13 OTHER LONG-TERM LIABILITIES AND DEFERRED CREDITS: Accumulated deferred income taxes 222,819 235,838 Accumulated deferred investment tax credits 29,472 31,311 Customer advances 34,815 34,643 Environmental liabilities 7,564 10,861 Other 52,382 53,191 ---------- ---------- 347,052 365,844 ---------- ---------- - -------------------------------------------------------------------------------- COMMITMENTS AND CONTINGENCIES 1 - -------------------------------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $1,857,024 $1,766,135 ========== ========== - -------------------------------------------------------------------------------- - ------------------- 1 See Note 11 to Consolidated Financial Statements filed with WPL's Form 10-K for the fiscal year ended 12/31/00 which is an integral part of these statements. 14 EXHIBIT B An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding-company system. Not applicable. 15 The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer as of this 23rd day of April, 2001. WISCONSIN POWER AND LIGHT COMPANY By: /s/ Edward M. Gleason ------------------------------------ Name: Edward M. Gleason Title: Vice President, Treasurer and Corporate Secretary 16 -----END PRIVACY-ENHANCED MESSAGE-----