EX-99 5 ex15.txt BALANCE SHEET OF DISTRIBUTION NATIONAL FUEL GAS DISTRIBUTION CORPORATION ------------------------------------------ BALANCE SHEET ------------- AT MARCH 31, 2002 ----------------- Assets and Other Debits ----------------------- Utility Plant ------------- Utility Plant (101-106, 114) $1,334,437,958 Construction Work in Progress (107) 6,888,668 Less: Accumulated Provision for Depreciation, Depletion and Amortization (108, 111, 115) (392,268,311) -------------- Total Net Utility Plant 949,058,315 -------------- Other Property and Investments ------------------------------ Non-Utility Property (121) 80,137 Less: Accumulated Provision for Depreciation and Amortization (122) (9,744) Other Investments (124) 1,088 Special Funds (125-128) 0 -------------- Total Other Property and Investments 71,481 -------------- Current and Accrued Assets -------------------------- Cash (131) 4,116,310 Working Funds (135) 325,500 Notes Receivable (141) 86,585 Customer Accounts Receivable (142) 143,526,587 Other Accounts Receivable (143) 1,389,652 Less: Accumulated Provision for Uncollectible Accounts (144) (19,536,696) Accounts Receivable from Associated Companies (146) 11,152,727 Plant Materials and Operating Supplies (154) 4,863,944 Stores Expense Undistributed (163) 788,335 Gas Stored Underground (164.1) 9,018,427 Prepayments (165) 11,091,103 Interest and Dividends Receivable (171) 162,903 Accrued Utility Revenues (173) 39,971,011 -------------- Total Current and Accrued Assets 206,956,388 -------------- Deferred Debits --------------- Other Regulatory Assets (182.3) 27,198,261 Preliminary Survey and Investigation Charges (183.1, 183.2) (32,162) Clearing Accounts (184) (95,396) Miscellaneous Deferred Debits (186) 60,481,942 Research, Development and Demonstration Expenditures (188) (2,160,704) Unamortized Loss on Reacquired Debt (189) 7,691,336 Accumulated Deferred Income Taxes (190) 31,005 Unrecovered Purchased Gas Costs (191) 46,264,652 -------------- Total Deferred Debits 139,378,934 -------------- Total Assets and Other Debits $1,295,465,118 ============== NATIONAL FUEL GAS DISTRIBUTION CORPORATION ------------------------------------------ BALANCE SHEET ------------- AT MARCH 31, 2002 ----------------- Liabilities and Other Credits ----------------------------- Proprietary Capital ------------------- Common Stock Issued (201) $59,170,600 Premium on Capital Stock (207) 68,500 Other Paid-In Capital (208,211) 121,599,684 Retained Earnings (215, 215.1, 216) 368,685,104 -------------- Total Proprietary Capital 549,523,888 -------------- Long-Term Debt -------------- Advances from Associated Companies (223) 219,000,000 Other Long-Term Debt (224) 177,574 -------------- Total Long-Term Debt 219,177,574 -------------- Other Noncurrent Liabilities ---------------------------- Accumulated Provisions for Injuries and Damages (228.2) 108,095 Accumulated Provisions for Pensions and Benefits (228.3) 26,075,490 Accumulated Provisions for Rate Refunds (229) 8,968,000 -------------- Total Other Noncurrent Liabilities 35,151,585 -------------- Current and Accrued Liabilities ------------------------------- Accounts Payable (232) 39,349,282 Notes Payable to Associated Companies (233) 143,200,000 Accounts Payable to Associated Companies (234) 13,905,412 Customer Deposits (235) 5,653,743 Taxes Accrued (236) (5,031,541) Interest Accrued (237) 93,658 Dividends Declared (238) 8,700,000 Tax Collections Payable (241) (5,207,636) Miscellaneous Current and Accrued Liabilities (242) (7,359,715) -------------- Total Current and Accrued Liabilities 193,303,203 -------------- Deferred Credits ---------------- Customer Advances for Construction (252) 1,566,220 Other Deferred Credits (253) 99,030,696 Other Regulatory Liabilities (254) 19,540,617 Accumulated Deferred Investment Tax Credits (255) 8,978,259 Accumulated Deferred Income Taxes (281-283) 169,193,076 -------------- Total Deferred Credits 298,308,868 -------------- Total Liabilities and Other Credits $1,295,465,118 ==============