-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, ZDLlOaRP9hMZuysP7UzR2zQamnFMLZD2HQrowjWHX/7NLv0veR/53AIWKmtuuoDC 7H1lp1BkNlSsiNksTmgGUw== 0000314890-95-000001.txt : 19950301 0000314890-95-000001.hdr.sgml : 19950301 ACCESSION NUMBER: 0000314890-95-000001 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19941231 FILED AS OF DATE: 19950227 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: WICOR INC CENTRAL INDEX KEY: 0000314890 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 391346701 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 1935 Act SEC FILE NUMBER: 069-00255 FILM NUMBER: 95515346 BUSINESS ADDRESS: STREET 1: 626 E WISCONSIN AVE STREET 2: PO BOX 334 CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4142917026 U-3A-2 1 WICOR INC. FORM U-3A-2 FOR THE YEAR ENDED 12/31/94 1 File No. 69-255 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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 WICOR, Inc. -------------------------------------------- (Name of holding company claiming exemption) Robert A. Nuernberg 626 East Wisconsin Avenue Milwaukee, WI 53202 --------------------------------------- (Name and address of agent for service) It is respectfully requested that a copy of all communications relating to this filing to be sent to: Joseph P. Wenzler Robert A. Nuernberg Vice President, Treasurer Secretary and Chief Financial Officer WICOR, Inc. WICOR, Inc. 626 East Wisconsin Avenue 626 East Wisconsin Avenue Milwaukee, Wisconsin 53202 Milwaukee, Wisconsin 53202 2 FORM U-3A-2 WICOR, Inc. ("WICOR") 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, 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. WICOR, the holding company claiming exemption from the provisions of the Act, is incorporated under the laws of the State of Wisconsin and maintains its principal office and place of business at 626 East Wisconsin Avenue, Milwaukee, Wisconsin. It is not engaged directly in any business. It is the sole shareholder of Wisconsin Gas Company ("Wisconsin Gas"), Sta-Rite Industries, Inc. ("Sta-Rite"), SHURflo Pump Manufacturing Co. ("SHURflo") and WEXCO of Delaware, Inc. ("WEXCO"). Wisconsin Gas is incorporated under the laws of the State of Wisconsin and maintains its principal office and place of business at 626 East Wisconsin Avenue, Milwaukee, Wisconsin. Wisconsin Gas is a "gas utility company" and a "public-utility company" under the Act. At December 31, 1994, Wisconsin Gas distributed gas to 495,000 customers in 496 communities in Wisconsin, where all of its business is conducted. Wisconsin Gas is subject to the jurisdiction of the Public Service Commission of Wisconsin as to various phases of its operations, including rates, service and issuance of securities. Sta-Rite is incorporated under the laws of the State of Wisconsin and maintains its principal office and place of business at 293 Wright Street, Delavan, Wisconsin. Sta-Rite is a manufacturer of pumps and water processing equipment for markets throughout the world. Sta-Rite has manufacturing and assembly activities which are carried on in four plants in the United States, two in Australia and Italy, and one each in Germany, New Zealand, and Russia. SHURflo is incorporated under the laws of California and maintains its principal office and place of business at 12650 Westminster Avenue, Santa Ana, California. SHURflo is a manufacturer and marketer of pumps for the beverage, recreational vehicle and marine, industrial and water markets. SHURflo has its manufacturing plant in Santa Ana, California, a distribution facility in Indiana, and a sales distribution facility in England. WEXCO is incorporated under the laws of the State of Delaware and maintains its principal office and place of business at 626 East Wisconsin Avenue, Milwaukee, Wisconsin. WEXCO was engaged in natural gas and oil exploration and development through financial partnerships with established independent producers. WEXCO sold substantially all of its properties in 1993. 3 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 line, producing fields, gas manufacturing plant, 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. Wisconsin Gas, the only "public-utility company" of WICOR, operates integrated transmission and distribution facilities in the State of Wisconsin only. On December 31, 1994, Wisconsin Gas' distribution systems included approximately 7,000 miles of mains, 407,000 services and 533,000 active meters. Wisconsin Gas also owns its main office building in Milwaukee, office buildings in certain other communities in which it serves, regulating and metering stations, peaking facilities and its major service centers, including garage and warehouse facilities. All of Wisconsin Gas' properties are located in Wisconsin. 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. For the calendar year ended December 31, 1994, 119,636 Mdth of natural gas were sold at retail or transported by Wisconsin Gas. (One dekatherm (dth) equals 1,000,000 Btu's. "Mdth" means one thousand dekatherms, or one billion Btu's.) Neither WICOR nor Wisconsin Gas distributed any manufactured gas at retail during this period. (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. For the calendar year ended December 31, 1994, neither WICOR nor Wisconsin Gas distributed at retail any manufactured or natural gas outside Wisconsin, the State in which each of these companies is organized. (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. For the calendar year ended December 31, 1994, neither WICOR nor Wisconsin Gas sold at wholesale any natural or manufactured gas outside Wisconsin, the State in which each of these companies is organized, or at the State line. (d) Number of kwh of electric energy and Mcf of natural gas or manufactured gas purchased outside the State in which each such company is organized, or at the State line. For the calendar year ended December 31, 1994, Wisconsin Gas purchased 107,080 Mdth of natural gas outside the State of Wisconsin for its Wisconsin general system supply. 4 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 U.S. dollars. (a) Name, location, business address and description of the facilities used by the EWG or foreign company for the generation, transmission and 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. Not applicable. (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. Not applicable. (e) Identify any service, sale 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). Not applicable. EXHIBIT 1 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. The following consolidating financial statements of WICOR are filed herewith. WICOR, Inc. and Subsidiaries - Consolidating Statement of Income, Year Ended December 31, 1994 - Consolidating Statement of Retained Earnings, Year Ended December 31, 1994 - Consolidating Balance Sheet, December 31, 1994 5 EXHIBIT 2 Not required. EXHIBIT 3 An organization chart showing the relationship of each EWG or foreign utility company to associate companies in the holding-company system. Not applicable. The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 24th day of February, 1995. WICOR, Inc. By /Joseph P. Wenzler/ ----------------------------- Joseph P. Wenzler Vice President, Treasurer and Chief Financial Officer ATTEST: [CORPORATE SEAL] /Robert A. Nuernberg/ ----------------------- Robert A. Nuernberg Secretary Name, title and address of officer to whom notices and correspondence concerning the statement should be addressed. Robert A. Nuernberg, Secretary WICOR, Inc. 626 E. Wisconsin Avenue Milwaukee, WI 53202 6 WICOR, Inc. Exhibit Index - Form U-3A-2 Exhibit No. Exhibit - ----------- ------------------------------------------------- 1 Consolidating financial statements of WICOR, Inc. 27 Financial data schedule - OPUR3 EX-1 2 WICOR 1994 CONSOLIDATING FINANCIAL STATEMENTS EXHIBIT 1 1 WICOR, Inc. and Subsidiaries Consolidating Statement of Income Year Ended December 31, 1994 (Thousands of Dollars)
SHURflo Wisconsin Sta-Rite Pump WEXCO of Elim. WICOR, Gas Industries, Manufac- Delaware, and Consol- Inc. Company Inc. turing Co. Inc. Reclass. idated --------- ---------- ---------- ---------- --------- --------- ---------- Revenues: Operating revenues $ - $ 556,587 $ 259,011 $ 52,132 $ 25 $ - $ 867,755 Equity in earnings of subsidiary companies 33,154 - - - - (33,154) - --------- ---------- ---------- ---------- --------- --------- ---------- 33,154 556,587 259,011 52,132 25 (33,154) 867,755 --------- ---------- ---------- ---------- --------- --------- ---------- Costs and Expenses: Cost of gas sold - 357,482 - - - - 357,482 Manufacturing cost of sales - - 191,369 31,310 - - 222,679 Operating and maintenance 236 115,806 51,105 14,637 36 - 181,820 Depreciation and amortization 156 29,260 - - - - 29,416 Taxes, other than income taxes 63 9,675 - - 10 - 9,748 --------- ---------- ---------- ---------- --------- --------- ---------- 455 512,223 242,474 45,947 46 - 801,145 --------- ---------- ---------- ---------- --------- --------- ---------- Operating Income 32,699 44,364 16,537 6,185 (21) (33,154) 66,610 --------- ---------- ---------- ---------- --------- --------- ---------- Interest Expense (163) (14,348) (2,387) (82) - 282 (16,698) Other Income and Expense 373 (127) (12) 213 273 (146) 574 --------- ---------- ---------- ---------- --------- --------- ---------- 210 (14,475) (2,399) 131 273 136 (16,124) --------- ---------- ---------- ---------- --------- --------- ---------- Income Before Income Taxes 32,909 29,889 14,138 6,316 252 (33,018) 50,486 Income Taxes (265) 10,993 4,229 2,517 (162) - 17,312 --------- ---------- ---------- ---------- --------- --------- ---------- Net Income $ 33,174 $ 18,896 $ 9,909 $ 3,799 $ 414 $(33,018) $ 33,174 ========= ========== ========== ========== ========= ========= ==========
2 WICOR, Inc. and Subsidiaries Consolidating Statement of Retained Earnings Year Ended December 31, 1994 (Thousands of Dollars)
SHURflo Wisconsin Sta-Rite Pump WEXCO of Elim. WICOR, Gas Industries, Manufac- Delaware, and Consol- Inc. Company Inc. turing Co. Inc. Reclass. idated --------- ---------- ----------- ---------- --------- --------- --------- Balance - Beginning of Year $ 94,643 $ 61,337 $ 40,379 $ 8,637 $(12,792) $ (97,561) $ 94,643 Add: Net income 33,174 18,896 9,909 3,799 414 (33,018) 33,174 --------- ---------- ----------- ---------- --------- ---------- --------- 127,817 80,233 50,288 12,436 (12,378) (130,579) 127,817 --------- ---------- ----------- ---------- --------- ---------- --------- Deduct: Common stock dividends, $1.58 per share* 26,399 16,000 5,000 2,000 - (23,000) 26,399 --------- ---------- ----------- ---------- --------- ---------- --------- 26,399 16,000 5,000 2,000 - (23,000) 26,399 --------- ---------- ----------- ---------- --------- ---------- --------- Balance - End of Year $101,418 $ 64,233 $ 45,288 $ 10,436 $(12,378) $(107,579) $101,418 ========= ========== =========== ========== ========= ========== =========
* Refers to consolidated information. 3 WICOR, Inc. and Subsidiaries Consolidating Balance Sheet December 31, 1994 (Thousands of Dollars)
SHURflo Wisconsin Sta-Rite Pump WEXCO of Elim. WICOR, Gas Industries, Manufac- Delaware, and Consol- Inc. Company Inc. turing Co. Inc. Reclass. idated ---------- ----------- ------------ ----------- ---------- ---------- ------------ Assets - ------ Current Assets: Cash and cash equivalents $ 13,076 $ 17,279 $ 4,066 $ 658 $ 59 $ - $ 35,138 Accounts receivable, less allowance for doubtful accounts of $9,233* - 42,662 56,394 4,431 - - 103,487 Accounts receivable - intercompany 3,640 1,359 - - 4,978 (9,977) - Accrued utility revenues - 40,327 - - - - 40,327 Gas in storage - 38,050 - - - - 38,050 Manufacturing inventories - - 53,117 7,122 - - 60,239 Deferred income taxes - 13,183 1,596 761 - - 15,540 Prepayments and other 79 12,065 4,385 248 - 2,742 19,519 ---------- ----------- ------------ ----------- ---------- ---------- ------------ 16,795 164,925 119,558 13,220 5,037 (7,235) 312,300 ---------- ----------- ------------ ----------- ---------- ---------- ------------ Investments - Associated Companies 283,022 - - - - (283,022) - ---------- ----------- ------------ ----------- ---------- ---------- ------------ Property, Plant and Equipment, at cost - 718,988 92,109 11,587 - - 822,684 Less - Accumulated Depreciation - 356,033 43,786 7,302 - - 407,121 ---------- ----------- ------------ ----------- ---------- ---------- ------------ - 362,955 48,323 4,285 - - 415,563 ---------- ----------- ------------ ----------- ---------- ---------- ------------ Deferred Charges and Other: Deferred income taxes - - - - - - - Prepaid pensions - 25,394 5,471 - - - 30,865 Gas transition costs - 7,411 - - - - 7,411 Deferred environmental costs - 41,942 - - - - 41,942 Other regulatory assets - 51,543 - - - - 51,543 Systems development costs - 34,071 - - - - 34,071 Other 4,194 19,610 12,816 392 1 - 37,013 ---------- ----------- ------------ ----------- ---------- ---------- ------------ 4,194 179,971 18,287 392 1 - 202,845 ---------- ----------- ------------ ----------- ---------- ---------- ------------ $ 304,011 $ 707,851 $ 186,168 $ 17,897 $ 5,038 $(290,257) $ 930,708 ========== =========== ============ =========== ========== ========== ============
* Refers to consolidated information. 4 WICOR, Inc. and Subsidiaries Consolidating Balance Sheet December 31, 1994 (Thousands of Dollars)
SHURflo Wisconsin Sta-Rite Pump WEXCO of Elim. WICOR, Gas Industries, Manufac- Delaware, and Consol- Inc. Company Inc. turing Co. Inc. Reclass. idated ---------- ----------- ------------ ----------- ---------- ---------- ------------ Liabilities and Capitalization - ------------------------------ Current Liabilities: Accounts payable $ 12 $ 44,645 $ 20,362 $ 607 $ - $ - $ 65,626 Refundable gas costs - 18,058 - - - - 18,058 Accounts payable - intercompany 1,601 - 4,100 1,259 276 (7,236) - Short-term borrowings - 85,000 26,506 - - - 111,506 Current portion of long-term debt - 4,000 1,021 10 - - 5,031 Accrued payroll and benefits - 7,313 7,202 626 - - 15,141 Accrued taxes 4,423 1,164 2,669 144 - - 8,400 Other 87 3,477 9,739 2,358 - - 15,661 ---------- ----------- ------------ ----------- ---------- ---------- ------------ 6,123 163,657 71,599 5,004 276 (7,236) 239,423 ---------- ----------- ------------ ----------- ---------- ---------- ------------ Deferred Credits: Deferred income taxes (204) 40,002 3,163 (679) 40 - 42,322 Unamortized investment tax credit - 8,187 - - - - 8,187 Environmental remediation costs - 37,188 - - - - 37,188 Gas transition costs - 7,411 - - - - 7,411 Postretirement benefit obligation - 55,624 14,106 - - - 69,730 Other regulatory liabilities - 54,636 - - - - 54,636 Other 254 14,320 3,910 (54) - 244 18,674 ---------- ----------- ------------ ----------- ---------- ---------- ------------ 50 217,368 21,179 (733) 40 244 238,148 ---------- ----------- ------------ ----------- ---------- ---------- ------------ Capitalization: Long-term debt 6,370 143,831 11,360 108 - - 161,669 Redeemable preferred stock - - - - - - - Common equity: Common stock 16,918 9 1 100 2 (112) 16,918 Other paid-in capital 180,000 118,753 36,741 2,982 17,098 (175,574) 180,000 Retained earnings 101,418 64,233 45,288 10,436 (12,378) (107,579) 101,418 Unearned compensation (6,868) - - - - - (6,868) ---------- ----------- ------------ ----------- ---------- ---------- ------------ 297,838 326,826 93,390 13,626 4,722 (283,265) 453,137 ---------- ----------- ------------ ----------- ---------- ---------- ------------ $ 304,011 $ 707,851 $ 186,168 $ 17,897 $ 5,038 $(290,257) $ 930,708 ========== =========== ============ =========== ========== ========== ============
EX-27 3 FINANCIAL DATA SCHEDULE - OPUR3
OPUR3 1,000 YEAR DEC-31-1994 DEC-31-1994 PER-BOOK 930,708 867,755 33,174
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