EX-99 3 ex1-5.txt EX. 1.5 - BALANCE SHEET OF DISTRIBUTION DISTRIBUTION CORPORATION BALANCE SHEET AT 6/30/2005 ASSETS ------ Property, Plant & Equipment: ---------------------------- Gas Utilities $ 1,464,155,842 Non - Utilities 80,802 Total Accumulated DD &A (408,507,126) ----------------- Net Property, Plant & Equipment 1,055,729,518 ----------------- Current Assets: --------------- Cash 4,918,736 Temporary Cash Investments 41,391 Notes Receivable - Intercompany - Accts Receivable - Intercompany 6,215,631 Notes Receivable 275,099 Accts Receivable - Customer 169,685,273 Reserve for Doubtful Acct (18,130,166) Other Accounts Receivable 4,792,712 Unbilled Utility Revenue 14,562,077 Gas Stored Underground 13,250,323 Impairment of O&G - Materials/Supplies - Average Cost 7,357,064 Dividends Receivable - Intercompany - Unrecovered Purch Gas Cost - Prepayments 31,191,358 ----------------- Current Assets 234,159,497 ----------------- Other Assets: ------------- Stock of Subsidiaries - Intercompany - Notes of Subsidiaries - Intercompany - Investments in Associated Companies - Recoverable Future Taxes 75,068,490 Unamortized Debt Expense 5,429,911 Other Regulatory Assets 61,901,398 Liab. for Deriv. Fin. Instr. - Asset - Deferred Charges 1,001,413 Other Investments - Investment in Unconsolidated Subsid. - Goodwill - Long Term Notes Receivable - Other Assets 14,684,832 ----------------- Other Assets 158,086,044 ----------------- Total Assets $ 1,447,975,059 ----------------- CAPITALIZATION & LIABILITIES ---------------------------- Capitalization: --------------- Common Stock $1 Par Value $ - Capital Stock of Subsidiaries 59,170,600 Paid in Capital 121,668,184 Earnings Reinvested in Business 395,761,308 Cumulative Translation Adjustment - Unrealized Gain/Loss - - ----------------- Total Common Stock Equity 576,600,093 ----------------- Long-Term Debt Net of Current Portion - Notes Payable - Intercompany - Long Term 218,310,000 ----------------- Total Capitalization 794,910,093 ----------------- Liabilities: ------------ Notes Payable - Intercompany 71,000,000 Notes Payable - Bank & Commercial Paper - Current Portion - Long Term Debt - Accounts Payable - Other 55,496,683 Amounts Payable to Customers 40,646,156 Estimated Revenue Refunds - Customer Deposits 11,949,505 Federal Income Tax 17,211,415 Other Taxes 724,464 Dividends Payable - Other Accruals 28,622,914 Accr Pension Contribution - Reserves for Gas Replacement 44,514,656 Accounts Payable - Intercompany 15,170,531 Dividends Payable - Intercompany 9,100,000 ----------------- Total Current Liabilities 294,436,324 ----------------- Deferred Credits: ----------------- Accumulated Deferred Income Tax 181,748,548 Taxes Refundable to Customer 13,740,800 Unamortized Investment Tax Credit 6,770,953 Liab. for Deriv. Financial Instruments - Cost of Removal Rgulatory Liability 62,718,418 Other Regulatory Liabilities 72,139,971 Other Deferred Credit 21,509,953 ----------------- Total Deferred Credits 358,628,642 ----------------- Total Capitalization & Liabilities $ 1,447,975,060 -----------------