Exhibit 99.1 (b) 4

ARCLIGHT SYSTEMS LLC

Statements of Members’ Equity

Year ended December 31, 2002 and Period from April 1, 2001

(date of inception of operations) to December 31, 2001

	Class A Equity			Class B Equity			Class C Equity			Retained earnings (Accumulated deficit)			Total members’ equity
	Units	Amount		Units	Amount		Units	Amount
Balances at April 1, 2001 (date of inception)	2,500,000	$	3,137,932	3,623,454	$	12,492,054	—	$	—	$	—		$	15,629,986
Issuance of Class B units	—		—	393,748		1,357,467	—		—		—			1,357,467
Interim measurement of Class B floating shares	—		—	—		13,157,045	—		—		—			13,157,045
Net loss	—		—	—		—	—		—		(5,802,593	)		(5,802,593	)
Balances at December 31, 2001	2,500,000	$	3,137,932	4,017,202	$	27,006,566	—	$	—	$	(5,802,593	)	$	24,341,905
Issuance of Class B units	—		—	10,750		72,269	—		—		—			72,269
Issuance of Class C units	—		—	—		—	370,604		3,547,277		—			3,547,277
Member distributions	—		—	—		—	—		—		(18,565,000	)		(18,565,000	)
Net income	—		—	—		—	—		—		55,537,075			55,537,075
Balances at December 31, 2002	2,500,000	$	3,137,932	4,027,952	$	27,078,835	370,604	$	3,547,277	$	31,169,482		$	64,933,526

See accompanying notes to financial statements.