-----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, DnM5UV7UtyBYT6A5jc0zhFS5zHPFvaEW+ty6iZlsSvP5tnugcfwDgJC6lwqhq933 nHKIFX+5j8n32NCPcT2+ng== 0000040779-01-500063.txt : 20010827 0000040779-01-500063.hdr.sgml : 20010827 ACCESSION NUMBER: 0000040779-01-500063 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20010824 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GPU INC /PA/ CENTRAL INDEX KEY: 0000040779 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 135516989 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: 1935 Act SEC FILE NUMBER: 070-09599 FILM NUMBER: 1722584 BUSINESS ADDRESS: STREET 1: 300 MADISON AVE STREET 2: C/O GPU SERVICE INC CITY: MORRISTOWN STATE: NJ ZIP: 07962-1911 BUSINESS PHONE: 9734558200 MAIL ADDRESS: STREET 1: 300 MADISON AVE STREET 2: C/O GPU SERVICE INC CITY: MORRISTOWN STATE: NJ ZIP: 07962-1911 35-CERT 1 gpu_r24-082401.txt RULE 24 SEC FILE NO. 70-9599 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 CERTIFICATE PURSUANT TO RULE 24 OF PARTIAL COMPLETION OF TRANSACTIONS GPU, INC. ------------------------------------------ : In the matter of : GPU, INC. : Certificate Pursuant : to Rule 24 of Partial : Completion of : Transactions : SEC File No. 70-9599 : (Public Utility Holding Company Act : of 1935) : ------------------------------------------ TO THE MEMBERS OF THE SECURITIES AND EXCHANGE COMMISSION: The undersigned, GPU, Inc. (GPU) hereby certifies pursuant to Rule 24 of the General Rules and Regulations under the Public Utility Holding Company Act of 1935 (the Act), that certain of the transactions proposed in the Application filed in SEC File No. 70-9599 have been carried out in accordance with the Commission's Order dated April 14, 2000, as follows: 1. Financial Statements -------------------- A copy of the unaudited consolidated financial statements of MYR Group Inc. (MYR) (including a consolidated balance sheet and statement of income) as of and for the twelve months ended June 30, 2001 is attached as Exhibit A. 2. Schedule of Segment Revenue --------------------------- A schedule setting forth the segment revenue for the quarter ended June 30, 2001 for each of MYR's business segments (Exhibit B) is being filed separately pursuant to a request for confidential treatment under Rule 104(b) of the Act. 3. Narrative Description of Principal Business Activities ------------------------------------------------------ Transmission and Distribution (T&D) Services: - -------------------------------------------- During the quarter ended June 30, 2001, MYR performed significant T&D services for its customers. T&D generated approximately 55% of MYR's total revenue for the quarter. A significant portion of this work continued to be performed for a core base of electric utility clients in Texas, Tennessee, California, Michigan, California and Colorado. Telecommunication Services: - -------------------------- There was no significant business activity to report for the quarter ended June 30, 2001. 1 Traffic Signalization Services: - ------------------------------ There was no significant business activity to report for the quarter ended June 30, 2001. Commercial and Industrial (C&I) Services: - ---------------------------------------- During the quarter ended June 30, 2001, MYR performed significant C&I services for its customers. C&I revenue was approximately 39% of total revenue for the period. A majority of that revenue was generated by one operating subsidiary that operates primarily in the western part of the United States. 4. Services Provided to Associated Companies ----------------------------------------- During the quarter ended June 30, 2001, services provided to the GPU Companies consisted of (i) Harlan Electric performing various distribution projects in New Jersey for Jersey Central Power & Light Company, (ii) Harlan Electric laying underground cable in Pennsylvania for GPU Telcom Services, Inc. and (iii) Harlan Electric performing various distribution projects in Pennsylvania for Metropolitan Edison Company and Pennsylvania Electric Company. The total amount billed to the GPU Companies for performing such services was $7.0 million during the period. 2 SIGNATURE PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935, THE UNDERSIGNED COMPANY HAS DULY CAUSED THIS CERTIFICATE TO BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED THEREUNTO DULY AUTHORIZED. GPU, Inc. By: /s/ T. G. Howson ------------------------- T. G. Howson Vice President and Treasurer Date: August 24, 2001 3 EX-99.EXHIBITINDEX 3 gpu_r24-082401index.txt EXHIBIT INDEX Exhibit to be Filed by EDGAR ---------------------------- A. Consolidated financial statements of MYR Group Inc. for the twelve months ended June 30, 2001. EX-99.EXHIBITA 4 gpu_r24-082401exa.txt EXHIBIT A Exhibit A Page 1 of 3 MYR GROUP INC. Consolidated Balance Sheet As of June 30, 2001 (Unaudited) Assets Current Assets: Cash and temporary cash investments $ - Accounts receivable: Contract 125,277,454 Other 4,912,211 Cost and estimated earnings in excess of billings on uncompleted contracts 33,332,197 Prepaid deferred taxes 9,437,804 Other 351,248 ----------- Total current assets 173,310,914 ----------- Fixed Assets: Land 930,807 Building and improvements 4,426,776 Construction equipment 45,899,707 Office equipment 5,929,215 ----------- Total fixed assets 57,186,505 Accumulated depreciation (41,856,295) ----------- Net fixed assets 15,330,210 ----------- Goodwill, net 161,027,572 ----------- Deferred Debits and Other Assets 2,323,243 ----------- Total Assets $351,991,939 =========== Exhibit A Page 2 of 3 MYR GROUP INC. Consolidated Balance Sheet As of June 30, 2001 ------------------- (Unaudited) Liabilities and Stockholder's Equity Current Liabilities: Notes payable $ 19,652,955 Accounts payable 18,928,367 Billings in excess of cost and estimated earnings on uncompleted contracts 29,322,425 Income taxes payable 1,043,512 Other 34,542,971 ----------- Total current liabilities 103,490,230 ----------- Long-Term Liabilities: Deferred income taxes 4,382,474 Other 375,102 ----------- Total long-term liabilities 4,757,576 ----------- Stockholder's Equity: Common stock 67,143 Capital surplus 228,682,790 Retained earnings 14,994,200 ----------- Total stockholder's equity 243,744,133 ----------- Total Liabilities and Stockholder's Equity $351,991,939 =========== Exhibit A Page 3 of 3 MYR GROUP INC. Consolidated Statement of Income For the Twelve Months Ended June 30, 2001 ----------------------------------------- (Unaudited) Operating Revenues $680,396,698 ----------- Operating Expenses: Operation and maintenance 622,409,425 Depreciation and amortization 8,664,415 Taxes, other than income taxes 25,729,421 ----------- Total operating expenses 656,803,261 ----------- Operating Income 23,593,437 Other income/(expense), net 1,256,876 Interest charges 1,127,449 ----------- Income Before Income Taxes 23,722,864 Income taxes 10,759,844 ----------- Net Income $ 12,963,020 =========== -----END PRIVACY-ENHANCED MESSAGE-----