-----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, FsqpyzQxAoVuHnjtdUsp7rc1B6/yfYYfPU4JdqbpmWefuhuMgI4KKE5hfGIEAXA3 SdD9KMJK8oLlG3YMEweprw== /in/edgar/work/0000071297-00-000100/0000071297-00-000100.txt : 20001130 0000071297-00-000100.hdr.sgml : 20001130 ACCESSION NUMBER: 0000071297-00-000100 CONFORMED SUBMISSION TYPE: U-9C-3 PUBLIC DOCUMENT COUNT: 27 CONFORMED PERIOD OF REPORT: 20000930 FILED AS OF DATE: 20001129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL GRID USA CENTRAL INDEX KEY: 0000071297 STANDARD INDUSTRIAL CLASSIFICATION: [4911 ] IRS NUMBER: 041663060 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-9C-3 SEC ACT: SEC FILE NUMBER: 074-00009 FILM NUMBER: 780377 BUSINESS ADDRESS: STREET 1: 25 RESEARCH DR CITY: WESTBOROUGH STATE: MA ZIP: 01582 BUSINESS PHONE: 5083892000 MAIL ADDRESS: STREET 1: 25 RESEARCH DR CITY: WESTBOROUGH STATE: MA ZIP: 01582 FORMER COMPANY: FORMER CONFORMED NAME: NEW ENGLAND ELECTRIC SYSTEM DATE OF NAME CHANGE: 19920703 U-9C-3 1 0001.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM U-9C-3 QUARTERLY REPORT PURSUANT TO RULE 58 FOR THE QUARTER ENDED September 30, 2000 NATIONAL GRID USA 25 Research Drive, Westborough, MA 01582
NATIONAL GRID USA For The Quarter Ended September 30, 2000 ITEM 1 - ORGANIZATION CHART Percentage Energy or State of Voting Name of Reporting Gas-Related Date of of Securities Company Company Organization Organization Held Nature of Business - ----------------- ----------- ------------ ------------ - ----------- -------------------------------------- New England Energy, Energy 11/20/72 MA 100 New England Energy, Inc. (NEEI) Inc./National Grid USA participated (principally through a partnership with a nonaffiliated oil company) in domestic oil and gas exploration, development, and production and the sale to New England Power Company of fuel purchased in the open market. Effective 1/1/98, NEEI sold its oil and gas properties and ceased its participation in domestic oil and gas exploration, development, and production. Granite State Energy, Energy 04/22/96 NH 100 Granite State Energy, Inc.'s purpose is Inc./National Grid USA to provide a range of energy and related services including, but not limited to, sales of energy, audits, power quality, fuel supply, repair, maintenance, construction, design, engineering, and consulting. Wayfinder Group, Inc./ Energy 01/13/92 MA 100 Wayfinder Group, Inc. is primarily a National Grid USA consulting business which provides products and services related to the operational requirements of competitive electricity markets. National GridEnergy05/01/00MA100National Grid Transmission Services Transmission ServicesCorporation's purpose is to provide Corporation/National technical, operational, management, Grid USAdevelopment, engineering, and other similar services relating to electric power transmission.
NATIONAL GRID USA For The Quarter Ended September 30, 2000 ITEM 1 - ORGANIZATION CHART (continued) Percentage Energy or State of Voting Name of Reporting Gas-Related Date of of Securities Company Company Organization Organization Held Nature of Business - ----------------- ----------- ------------ ------------ - ----------- -------------------------------------- AllEnergy Marketing Energy 04/23/98 DE 100 AllEnergy Marketing Co., L.L.C.'s Co., L.L.C./NEES (AllEnergy) principal purpose is to Energy, Inc./National sell energy and provide a range of Grid USA energy-related services including, but not limited to, marketing, brokering and sales of energy, audits, fuel supply, repair, maintenance, construction, operation, design, engineering, and consulting. This company is a Delaware limited liability company. AllEnergy and its subsidiaries are in the process of finalizing the sale of its businesses. NEWHC, Inc./ Energy 05/25/90 MA 100 On September 19, 1999, NEWHC, Inc. Wayfinder Group, sold substantially all of its assets Inc./National to Duperey Investments, Inc., an Grid USA unaffiliated company. AllEnergy Fuels Energy 03/27/98 DE 100 AllEnergy Fuels Corp.'s purpose is to Corp./ National acquire interests in and assets of Grid USA energy-related companies and to engage in energy-related activities. Separation Energy 03/28/89 DE 5.0 This company produces concrete using Technologies, Inc./ fly ash waste from coal-fired Wayfinder Group, Inc./ generating plants. National Grid USA SeparationEnergy03/28/89DE9.0This company produces concrete using Technologies, Inc./fly ash waste from coal-fired EUA Energy Investmentgenerating plants. The interest in Corp./National Grid USAthis company was acquired by National Grid USA on April 19, 2000.
NATIONAL GRID USA For The Quarter Ended September 30, 2000 ITEM 1 - ORGANIZATION CHART (continued) Percentage Energy or State of Voting Name of Reporting Gas-Related Date of of Securities Company Company Organization Organization Held Nature of Business - ----------------- ----------- ------------ ------------ - ----------- -------------------------------------- Texas Liquids, Energy 12/19/96 MA 100 Texas Liquids, LLC engages in purchasing, LLC/AllEnergy marketing, selling, and distributing Marketing Company, energy commodities and related L.L.C./NEES products and services. On August 16, Energy, Inc./ 2000, Texas Liquids LLC was sold to an National Grid USAunaffiliated third party. NeXus Energy Energy 05/19/97 MA 9.9 NeXus Energy Software, Inc.'s purpose is Software, Inc./ to develop, implement, produce, market, Wayfinder Group, and sell software for application in the Inc./National energy conservation industry. Grid USA Weatherwise USA, Inc./ Energy 09/30/99 DE 4.2 Weatherwise USA, Inc.'s purpose is to be AllEnergy Marketing an energy-related company to provide Company, L.L.C./ energy management and technical and NEES Energy, Inc./ utility hedging services to reduce National Grid USA weather-related financial uncertainty of utilities, energy users, and others. This company was originally formed as an LLC on 10/10/96 and changed to a corporation on 09/30/99. AEDR Fuels, L.L.C./ Energy 01/12/98 ME 100 AEDR Fuels, L.L.C.'s purpose is to AllEnergy Marketing acquire interests in and assets of Company, L.L.C./ energy-related companies and to engage NEES Energy, Inc./ in energy-related activities in National Grid USA accordance with Rule 58. Texas-Ohio Gas, Inc./ Energy 08/12/87 TX 100 Texas-Ohio Gas, Inc.'s purpose is to AllEnergy Marketing sell energy and provide a range of Company, L.L.C./NEES energy-related services including, but Energy, Inc./National not limited to, marketing, brokering and Grid USA sales of energy, and fuel supply.
NATIONAL GRID USA For The Quarter Ended September 30, 2000 ITEM 1 - ORGANIZATION CHART (continued) The following companies were acquired by National Grid USA on April 19, 2000, in connection with the merger of Eastern Utilities Associates into National Grid USA. Percentage Energy or State of Voting Name of Reporting Gas-Related Date of of Securities Company Company Organization Organization Held Nature of Business - ----------------- ----------- ------------ ------------ - ----------- -------------------------------------- EUA Energy Investment Energy 12/15/87 MA 100 EUA Energy Investment Corp. (EUA Energy) Corp./National Grid USA engages in the business of identifying, evaluating, investing in or participating in the ownership, operation and maintenance of cogeneration and small power production facilities and other energy-related or energy conservation ventures. EUA Energy does not plan to invest in any further business development opportunities and is currently divesting its remaining investment projects. EUA Bioten, Inc./EUA Energy06/26/95MA100 EUA Bioten, Inc. engages in the development Energy Investment Corp./ and commercialization of biomass-fired National Grid USA combustion turbine power generation facilities and products and/or services offered in connection with such facilities, including the manufacture, fabrication, marketing, sale and delivery of such facilities. This company is presently inactive. Bioten Operations, Inc./Energy06/26/95TN100Bioten Operations, Inc. holds interests in EUA Bioten, Inc./EUAa biomass commercial demonstration plant Energy Investment Corp./(which is a Qualifying Facility). This National Grid USAcompany is presently inactive. EUA Cogenex Corp./Energy09/26/83MA100EUA Cogenex Corp. provides energy National Grid USAefficiency products and energy management services throughout North America. National Grid USA is endeavoring to sell EUA Cogenex Corporation and subsidiaries. Northeast Energy Energy 02/03/94 MA 100 Northeast Energy Management, Inc. engages Management, Inc./ in the business of energy conservation EUA Cogenex Corp./ programs. National Grid USA APS Cogenex, L.L.C./ Energy 09/25/95 DE 50 APS Cogenex, L.L.C. provides energy EUA Cogenex Corp./ efficiency products and services National Grid USA principally in the state of Maryland. Energy Holdings Energy 10/31/94 DE 100 Energy Holdings Corporation formed to Corporation/EUA Cogenex participate in cogeneration partnerships. Corporation/National This company is presently inactive. Grid USA
NATIONAL GRID USA For The Quarter Ended September 30, 2000 ITEM 1 - ORGANIZATION CHART (continued) Percentage Energy or State of Voting Name of Reporting Gas-Related Date of of Securities Company Company Organization Organization Held Nature of Business - ----------------- ----------- ------------ ------------ - ----------- -------------------------------------- EUA Cogenex West Corp./ Energy 05/01/95 MA 100 EUA Cogenex West Corp. provides energy EUA Cogenex Corp./ efficiency products and services in the National Grid USA Southwest region of the United States. EUA Energy Capital andEnergy04/10/90MA 100EUA Energy Capital and Services I is an Services I/ EUA Cogenexenergy services company providing Corp./National Grid USA services in areas such as demand-side management. EUA Energy Capital andEnergy04/10/90MA 100EUA Energy Capital and Services II is an Services II/ EUA Cogenexenergy services company providing Corp./National Grid USA services in areas such as demand-side management. EUA West Coast, L.P./ Energy11/01/88CA 50 EUA West Coast, L.P. provided energy EUA Cogenex Corp./ services and products in California. National Grid USAThis company is presently inactive. EUA West Coast, L.P./ Energy 11/01/88 CA 50 EUA West Coast, L.P. provided energy Energy Holdings services and products in California. Corporation/ EUA Cogenex/ This company is presently inactive. National Grid USA EUA FRC II Energy Energy 09/19/89 MA 100 EUA FRC II Energy Associates engaged in Associates/EUA Energycogeneration projects throughout the Investment Corporation/United States. This company is presently National Grid USAinactive. Micro Utility Partners Energy01/02/89MA 50Micro Utility Partners of America engaged of America/EUA Cogenexin cogeneration projects in California. Corp./National Grid USA This company is presently inactive. Micro Utility Partners Energy 01/02/89 MA 50 Micro Utility Partners of America engaged of America/Energy in cogeneration projects in California. Holdings Corporation/ This company is presently inactive. EUA Cogenex/ National Grid USA EUA CitizensEnergy03/01/95MA100EUA Citizens Conservation Services, Inc. Conservation Services, (EUA Citizens) provides energy efficiency Inc./EUA Cogenex Corp./products and energy management services National Grid USAprimarily to the public and private housing sectors throughout North America. EUA Citizens was sold on June 2, 2000. Healthcare Energy Energy 5/30/90 NJ 50 Healthcare Energy Partners is engaged in Partners/EUA Cogenex energy services at a health care center. Corporation/National Grid USA
NATIONAL GRID USA For The Quarter Ended September 30, 2000 Item 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS Type of Principal Issue Cost Person to Collateral Consideration Security Amount of or of Whom Security Given with Received for Company Issuing Security Issued Security Renewal Capital Was Issued Security Each Security - ------------------------ -------- --------- ------- - ------- -------------- ----------- ------------- N/A
NATIONAL GRID USA For The Quarter Ended September 30, 2000 (cont'd.) Item 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS (expressed in millions, rounded to hundred thousands of dollars) Company Company Amount of Contributing Receiving Capital Capital Capital Contribution ------------ --------- ------------ NEES Energy, Inc. AllEnergy Marketing Company, L.L.C. $(8.5) National Grid USAEUA Cogenex Corporation $(0.8)
NATIONAL GRID USA For The Quarter Ended September 30, 2000 Item 3 - ASSOCIATE TRANSACTIONS (expressed in millions, rounded to hundred thousands of dollars) Part I - Transactions performed by reporting companies on behalf of associate companies Direct Indirect Total Reporting Company Associate Company Types of Services Costs Costs Cost of Amount Rendering Services Receiving Services Rendered Charged Charged Capital Billed ------------------ ------------------ - ----------------- ------- ------- ------- ------ N/A Part II - Transactions performed by associate companies on behalf of reporting companies Direct Indirect Total Associate Company Reporting Company Types of Services Costs Costs Cost of Amount Rendering Services Receiving Services Rendered Charged Charged Capital Billed ----------------- ------------------ - ----------------- ------- ------- ------- ------ Massachusetts Electric Wayfinder Group, Inc. Miscellaneous (2) (1) (1) (1) Company New England Power CompanyWayfinder Group, Inc.Engineering(1)(1) (1) The NarragansettWayfinder Group, Inc.Customer Service(1)(1) (1) Electric Co. National Grid USA National Grid Miscellaneous (2)(1)(1) (1)(1) Service Co., Inc. Transmission Services Corporation National Grid USA Wayfinder Group, Inc. Miscellaneous (5) (1) (1) (1) (1) Service Co., Inc. Information Services (1) (1) (1) (1) Corp. Acctg. (1) (1) (1) (1) New Bus. Develop.(1)(1) (1) $0.1 National Grid USA New England Energy, Inc. Miscellaneous (3) (1) (1) (1) (1) Service Co., Inc. National Grid USA Granite State Energy, Miscellaneous (2) (1) (1) (1) (1) Service Co., Inc. Inc. National Grid USA AllEnergy Marketing Corp. Legal $0.1(1) (1) $0.1 Service Co., Inc. Company, L.L.C. Miscellaneous (4)(1)(1) (1) (1) (1) Amounts are below $100,000. (2) Represents 2 types of services totaling less than $100,000 in aggregate. (3) Represents 3 types of services totaling less than $100,000 in aggregate. (4) Represents 6 types of services totaling less than $100,000 in aggregate. (5) Represents 8 types of services totaling less than $100,000 in aggregate.
NATIONAL GRID USA At September 30, 2000 ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT (expressed in millions, rounded to hundred thousands of dollars) Investment in energy-related companies: Total consolidated capitalization as of September 30, 2000 $5,307.0 (1) line 1 Total capitalization multiplied by 15 percent 796.1 line 2 (line 1 multiplied by 0.15) Greater of $50 million or line 2 796.1 line 3 Total current aggregate investment: (categorized by major line of energy- related business) Power marketing and other $194.8 Energy software 2.2 Energy management and efficiency 2.6 Ownership, operation, and maintenance of Qualifying Facilities 28.9 ------- Total current aggregate investment $228.5 line 4 ------ Difference between the greater of $50 million or 15 percent of capitalization and the total aggregate investment of the registered holding company system (line 3 less line 4) $567.6 line 5 (1)Consolidated capitalization includes total common equity, cumulative preferred stock, long-term debt (including long-term debt due within one year), and short-term debt.
NATIONAL GRID USA For The Quarter Ended September 30, 2000 ITEM 5 - OTHER INVESTMENTS (expressed in millions, rounded to hundred thousands of dollars) Reason for Major Line Other Other Difference or Energy-Related Investment in Investment in Other Business Last U-9C-3 Report in U-9C-3 Report Investment - ----------------- ------------------ ---------------- ---------- Power Marketing$24.8 $18.5 Investments and Other made prior to the effective date of Rule 58 Energy Management$ 0.0$46.7 Investments and Efficiency made prior to the effective date of Rule 58 Ownership, operation,$ 0.0$30.5Investments and maintenance ofmade prior to Qualifying Facilities the effective date of Rule 58 ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS (A) Exhibits 10(g) Certificate stating that a copy of the report for the previous quarter has been filed with the appropriate state commissions. (B) Financial Statements 1-ANational Grid USA Consolidated Income Statements for the quarter and six months ended September 30, 2000 1-BNational Grid USA Consolidated Balance Sheet as of September 30, 2000 2-ANew England Energy, Inc. Balance Sheet as of September 30, 2000 3-AWayfinder Group, Inc. Income Statements for the quarter and six months ended September 30, 2000 3-BWayfinder Group, Inc. Balance Sheet as of September 30, 2000 4-ATexas Liquids, LLC Income Statements for the month and four months ended July 31, 2000 4-BTexas Liquids, LLC Balance Sheet as of July 31, 2000 5-ATexas-Ohio Gas, Inc. Income Statements for the month and four months ended July 31, 2000 5-BTexas-Ohio Gas, Inc. Balance Sheet as of July 31, 2000 6-A AllEnergy Marketing Company, L.L.C. Consolidated Income Statements for the month and four months ended July 31, 2000 6-B AllEnergy Marketing Company, L.L.C. Consolidated Balance Sheet as of July 31, 2000 7-A EUA Energy Investment Corporation Income Statements for the quarter and six months ended September 30, 2000 7-B EUA Energy Investment Corporation Balance Sheet as of September 30, 2000 8-A EUA Cogenex Corporation Consolidated Income Statements for the quarter and six months ended September 30, 2000 8-B EUA Cogenex Corporation Consolidated Balance Sheet as of September 30, 2000 9-A Northeast Energy Management, Inc. Income Statements for the quarter and six months ended September 30, 2000 9-B Northeast Energy Management, Inc. Balance Sheet as of September 30, 2000 10-AAPS Cogenex, L.L.C. Income Statements for the quarter and six months ended September 30, 2000 10-BAPS Cogenex, L.L.C. Balance Sheet as of September 30, 2000 11-A EUA Cogenex West Corporation Income Statements for the quarter and six months ended September 30, 2000 11-B EUA Cogenex West Corporation Balance Sheet as of September 30, 2000 12-A EUA Energy Capital & Services I Income Statements for the quarter and six months ended September 30, 2000 12-B EUA Energy Capital & Services I Balance Sheet as of September 30, 2000 13-A EUA Energy Capital & Services II Balance Sheet as of September 30, 2000 (C) Notes (1)Financial statements for AllEnergy Marketing Company, L.L.C., (AllEnergy) and its subsidiaries, Texas Liquids, LLC, and Texas- Ohio Gas, Inc., are provided through July 31, 2000, as AllEnergy is in the process of finalizing the sale of its businesses. (2)Financial statements for Weatherwise USA, Inc., Separation Technologies, Inc., and NEXUS Energy Software, Inc. were not available as of the filing date. (3)National Grid Transmission Services Corporation, Granite State Energy, Inc., and AEDR Fuels, L.L.C., Income Statement actuals and Balance Sheet actuals are less than $100,000 and are therefore not reported. New England Energy, Inc. and EUA Energy Capital and Services II Income Statement actuals are less than $100,000 and are therefore not reported. (4) EUA Bioten, Inc., Bioten Operations, Inc., EUA West Coast, L.P., EUA FRC II Energy Associates, Micro Utility Partners of America, and Energy Holdings Corporation are inactive companies and therefore no financial statements are provided. (5)EUA Citizens Conservation Services, Inc. was sold on June 2, 2000, and therefore no Balance Sheet information is provided. Income Statement actuals for the six month period are less than $100,000 and are therefore not reported. SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned company has duly caused this report to be signed on its behalf by the undersigned officer thereunto duly authorized. NATIONAL GRID USA s/ John G. Cochrane _______________________________ John G. Cochrane, Treasurer Date: November 29, 2000 EX-99 2 0002.txt EXHIBIT INDEX Exhibit No. Description Page - ---------- -------------------------------------- -------------- 10(g) Certificate stating that a copy of the Filed Herewith report for the previous quarter has been filed with interested state commissions. Financial Statement No. Description Page - --------- ------------------------------------- -------------- 1-A National Grid USA Filed Herewith Consolidated Income Statements for the quarter and six months ended September 30, 2000 1-B National Grid USA Filed Herewith Consolidated Balance Sheet as of September 30, 2000 2-A New England Energy, Inc. Balance SheetFiled Herewith as of September 30, 2000 3-A Wayfinder Group, Inc. Income Statements Filed Herewith for the quarter and six months ended September 30, 2000 3-B Wayfinder Group, Inc. Balance Sheet Filed Herewith as of September 30, 2000 4-ATexas Liquids, LLC Income Statements for Filed Herewith the month and four months ended July 31, 2000 4-BTexas Liquids, LLC Balance Filed Herewith Sheet as of July 31, 2000 5-ATexas-Ohio Gas, Inc. Income StatementsFiled Herewith for the month and four months ended July 31, 2000 5-BTexas-Ohio Gas, Inc. Balance Sheet as ofFiled Herewith July 31, 2000 6-AAllEnergy Marketing Company, L.L.C.Filed Herewith Consolidated Income Statements for the month and four months ended July 31, 2000 6-BAllEnergy Marketing Company, L.L.C.Filed Herewith Consolidated Balance Sheet as of July 31, 2000 7-AEUA Energy Investment CorporationFiled Herewith Income Statements for the quarter and six months ended September 30, 2000 7-B EUA Energy Investment CorporationFiled Herewith Balance Sheet as of September 30, 2000 8-A EUA Cogenex Corporation ConsolidatedFiled Herewith Income Statements for the quarter and six months ended September 30, 2000 8-B EUA Cogenex Corporation ConsolidatedFiled Herewith Balance Sheet as of September 30, 2000 9-A Northeast Energy Management, Inc.Filed Herewith Income Statements for the quarter and six months ended September 30, 2000 9-B Northeast Energy Management, Inc.Filed Herewith Balance Sheet as of September 30, 2000 10-AAPS Cogenex, L.L.C. Income StatementsFiled Herewith for the quarter and six months ended September 30, 2000 10-BAPS Cogenex, L.L.C. Balance Sheet asFiled Herewith of September 30, 2000 11-A EUA Cogenex West Corporation IncomeFiled Herewith Statements for the quarter and six months ended September 30, 2000 11-B EUA Cogenex West Corporation BalanceFiled Herewith Sheet as of September 30, 2000 12-A EUA Energy Capital & Services IFiled Herewith Income Statements for the quarter and six months ended September 30, 2000 12-B EUA Energy Capital & Services IFiled Herewith Balance Sheet as of September 30, 2000 13-A EUA Energy Capital & Services IIFiled Herewith Balance Sheet as of September 30, 2000 EX-99 3 0003.txt EXHIBIT 10(G) CERTIFICATE - ----------- A copy of the Form U-9C-3 report for the previous quarter (quarter ended June 30, 2000) has been filed with the interested state commissions in accordance with Rule 58 under the Public Utility Holding Company Act of 1935. The names and addresses of such state commissions are as follows: Mrs. Luly Massaro, Clerk Rhode Island Public Utilities Commission 100 Orange Street Providence, Rhode Island 02903 Mary L. Cottrell, Secretary Massachusetts Department of Telecommunications and Energy 1 South Station, 2nd Floor Boston, MA 02110 Mr. Thomas B. Getz Executive Director and Secretary New Hampshire Public Utilities Commission 8 Old Suncook Road Concord, New Hampshire 03301 SIGNATURE: NATIONAL GRID USA s/ John G. Cochrane By_______________________________ Name: John G. Cochrane Title: Treasurer Date: November 29, 2000 EX-99 4 0004.txt FINANCIAL STATEMENT 1-A NATIONAL GRID USA AND SUBSIDIARIES Statements of Consolidated Income Periods Ended September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
Quarter Six Months ------- ---------- Operating revenue $776.0 $1,460.0 ------ -------- Operating expenses: Fuel for generation 4.3 9.9 Purchased electric energy 401.7 731.3 Other operation 142.3 276.8 Maintenance 21.9 43.5 Depreciation and amortization 57.5 113.1 Taxes, other than income taxes 33.4 65.2 Income taxes 40.1 85.0 ------ -------- Total operating expenses 701.2 1,324.8 ------ -------- Operating income 74.8 135.2 Other income: Equity in income of generating companies 1.9 2.8 Amortization of goodwill (25.5) (50.4) Other income (expense), net 3.6 12.4 ------ -------- Operating and other income 54.8 100.0 ------ -------- Interest: Interest on long-term debt 18.5 36.9 Other interest 5.9 11.4 Allowance for borrowed funds used during construction (0.3) (0.8) ------ -------- Total interest 24.1 47.5 ------ -------- Income after interest 30.7 52.5 Preferred dividends of subsidiaries 0.7 1.4 Minority interests 1.4 2.7 ------ -------- Net income $ 28.6 $ 48.4 ====== ========
EX-99 5 0005.txt FINANCIAL STATEMENT 1-B NATIONAL GRID USA AND SUBSIDIARIES Consolidated Balance Sheet At September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
ASSETS - ------ Utility plant, at original cost $5,198.7 Less accumulated provisions for depreciation and amortization 2,236.0 -------- 2,962.7 Construction work in progress 50.8 -------- Net utility plant 3,013.5 -------- Investments: Nuclear power companies, at equity 49.3 Decommissioning trust funds 46.9 Other subsidiaries, at equity 0.5 Non-utility property and other investments 252.8 -------- Total investments 349.5 -------- Current assets: Cash 64.9 Accounts receivable, less reserves of $17.7, and unbilled revenues 542.7 Fuel, materials, and supplies, at average cost 28.5 Prepaid and other current assets 29.9 Regulatory asset purchased power obligations 103.8 Assets held for sale 197.9 -------- Total current assets 967.7 -------- Regulatory assets 1,675.1 Goodwill, net of amortization 2,021.4 Deferred charges and other assets 372.3 -------- $8,399.5 ======== CAPITALIZATION AND LIABILITIES - ------------------------------ Capitalization: Common share equity: Common shares, par value $1 per share: Authorized - 150,000,000 shares Issued - 64,969,652 shares Outstanding - 59,355,248 shares $ 59.4 Paid-in capital 3,977.6 Retained earnings 50.5 Accumulated other comprehensive income, net 2.6 -------- Total common share equity 4,090.1 Minority interests in consolidated subsidiaries 30.7 Cumulative preferred stock of subsidiaries 49.5 Long-term debt 1,042.1 -------- Total capitalization 5,212.4 -------- Current liabilities: Long-term debt due within one year 15.3 Short-term debt 110.0 Accounts payable 269.3 Accrued taxes 10.1 Accrued interest 13.0 Dividends payable 2.0 Other current liabilities 98.3 Purchased power contract obligations 103.8 -------- Total current liabilities 621.8 -------- Deferred federal and state income taxes 640.0 Unamortized investment tax credits 56.6 Accrued Yankee nuclear plant costs 300.7 Purchased power obligations 662.6 Other reserves and deferred credits 905.4 -------- $8,399.5 ========
EX-99 6 0006.txt FINANCIAL STATEMENT 2-A NEW ENGLAND ENERGY INCORPORATED Balance Sheet At September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
ASSETS ------ Current assets: Temporary cash investment with affiliated company $21.5 Prepaid expenses 0.3 Other current assets 0.3 ----- Total current assets 22.1 ----- Total assets $22.1 ===== LIABILITIES AND PARENT COMPANY'S INVESTMENT - ------------------------------------------- Current liabilities: Accounts payable $ 0.2 Accrued taxes 12.9 Miscellaneous current and accrued liabilities 1.6 ----- Total current liabilities 14.7 ----- Regulatory liabilities 9.3 ----- Total liabilities 24.0 ----- Parent company's investment: Subordinated notes payable to parent 23.6 Accumulated deficit (25.5) ----- Total parent company's investment (1.9) ----- Total liabilities and parent company's investment $22.1 =====
EX-99 7 0007.txt FINANCIAL STATEMENT 3-A WAYFINDER GROUP, INC. Statements of Income (expressed in millions, rounded to hundred thousands of dollars) Periods Ended September 30, 2000 (Unaudited, subject to adjustment)
QuarterSix Months ----------------- Income: Consulting revenue and other $0.1 $0.2 Interest income 0.1 0.2 ---- ---- Total income 0.2 0.4 ---- ---- Operating expenses 0.1 0.3 ---- ---- Net income $0.1 $0.1 ==== ====
EX-99 8 0008.txt FINANCIAL STATEMENT 3-B WAYFINDER GROUP, INC. Balance Sheet At September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
ASSETS - ------ Current assets: Cash $ 0.3 Other current assets 0.5 ----- Total current assets 0.8 ----- Investments, at cost: Separation Technologies, Inc. 1.0 NEXUS Energy Software, Inc. 2.2 ----- 3.2 ----- Note receivable 4.0 ----- Total assets $ 8.0 ===== LIABILITIES AND PARENT COMPANY'S INVESTMENT - ------------------------------------------- Parent company's investment: Subordinated notes payable to parent $12.4 Other paid-in capital (4.4) ----- Total parent company's investment 8.0 ----- Total liabilities and parent company's investment $ 8.0 =====
EX-99 9 0009.txt FINANCIAL STATEMENT 4-A TEXAS LIQUIDS, LLC Statements of Income Periods Ended July 31, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
Month Four Months ----- ----------- Revenues $16.4 $51.2 Cost of sales 15.7 48.9 ----- ----- Gross margin 0.7 2.3 ----- ----- Selling, general, and administrative: Salaries and benefits 0.1 1.8 Selling and marketing 0.1 (0.3) Office expense - 0.3 Depreciation and amortization - 0.1 Other - 0.1 ----- ----- Total selling, general, and administrative 0.2 2.0 ----- ----- Net income $ 0.5 $ 0.3 ===== =====
EX-99 10 0010.txt FINANCIAL STATEMENT 4-B TEXAS LIQUIDS, LLC Balance Sheet At July 31, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
ASSETS - ------ Cash $ 0.6 Accounts receivable and unbilled revenues, net 11.9 Inventory 4.9 Prepaid expenses 0.5 Other current assets 0.9 ----- Total current assets 18.8 ----- Fixed assets, net 0.2 Goodwill, net of amortization 0.2 ----- Total assets $19.2 ===== LIABILITIES AND MEMBER'S EQUITY - ------------------------------- Accounts payable $ 9.7 Accrued expenses 0.7 Other current liabilities 2.1 ----- Total current liabilities 12.5 - ----- Member's equity 2.4 Retained earnings 4.3 ----- Total equity 6.7 ----- Total liabilities and member's equity $19.2 =====
EX-99 11 0011.txt FINANCIAL STATEMENT 5-A TEXAS-OHIO GAS, INC. Statements of Income Periods Ended July 31, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
Month Four months ----- ----------- Revenues $ 3.2 $18.7 Cost of sales 4.0 17.3 ----- ----- Gross margin (0.8) 1.4 ----- ----- Selling, general, and administrative: Salaries and benefits 0.5 1.4 Selling and marketing - 0.6 Office expense 0.1 0.5 Depreciation and amortization 0.1 0.5 Other - 0.1 ----- ----- Total selling, general, and administrative 0.7 3.1 ----- ----- Other income 0.1 0.3 ----- ----- Net income (loss) $(1.4) $(1.4) ===== =====
EX-99 12 0012.txt FINANCIAL STATEMENT 5-B TEXAS-OHIO GAS, INC. Balance Sheet At July 31, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
ASSETS - ------ Accounts receivable and unbilled revenues, net $12.5 Inventory 0.4 ----- Total current assets 12.9 ----- Goodwill, net of amortization 13.9 Other assets 0.1 ----- Total assets $26.9 ===== LIABILITIES AND MEMBER'S EQUITY - ------------------------------- Accrued expenses $ 5.0 Other current liabilities 14.0 ----- Total current liabilities 19.0 - ----- Subordinated note payable 14.0 Retained earnings (6.1) ----- Total equity 7.9 ----- Total liabilities and member's equity $26.9 =====
EX-99 13 0013.txt FINANCIAL STATEMENT 6-A ALLENERGY MARKETING COMPANY, L.L.C. Statements of Consolidated Income Periods Ended July 31, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
Month Four Months ------- ---------- Revenues $40.4 $164.1 Cost of sales 40.0 147.6 ----- ------ Gross margin 0.4 16.5 ----- ------ Selling, general, and administrative: Salaries and benefits 3.2 12.9 Selling and marketing 0.4 2.3 Office expense 0.9 3.5 Depreciation and amortization 1.0 4.1 Other 0.4 2.2 ----- ------ Total selling, general, and administrative 5.9 25.0 ----- ------ Other income 0.1 0.6 ----- ------ Net income (loss) $(5.4) $ (7.9) ===== ======
EX-99 14 0014.txt FINANCIAL STATEMENT 6-B ALLENERGY MARKETING COMPANY, L.L.C. Consolidated Balance Sheet At July 31, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
ASSETS - ------ Cash $ 6.5 Accounts receivable and unbilled revenues, net 57.2 Inventory 9.2 Prepaid expenses 1.4 Other current assets 6.8 ------ Total current assets 81.1 ------ Fixed assets, net 14.2 Goodwill 104.1 Investment in affiliates 0.7 Other assets 3.6 ------ Total assets $203.7 ====== LIABILITIES AND MEMBER'S EQUITY - ------------------------------- Accounts payable $ 16.3 Accrued expenses 16.6 Current portion of long-term debt 0.9 Other current liabilities 10.7 ------ Total current liabilities 44.5 ------ Long-term debt 1.4 Other non-current liabilities 5.5 ------ Total liabilities 51.4 ------ Subordinated note payable 125.5 Member's equity 91.0 Retained earnings (64.2) ------ Total equity 152.3 ------ Total liabilities and member's equity $203.7 ======
EX-99 15 0015.txt FINANCIAL STATEMENT 7-A EUA ENERGY INVESTMENT CORPORATION Statements of Income Periods Ended September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
Quarter Six Months ------- ---------- Operating expenses $- $ 0.1 -- ----- Income (loss) before interest - (0.1) -- ----- Other income - 0.2 -- ----- Net income $- $ 0.1 == =====
EX-99 16 0016.txt FINANCIAL STATEMENT 7-B EUA ENERGY INVESTMENT CORPORATION Balance Sheet At September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
ASSETS - ------ Goodwill, net of amortization $ 4.9 Non-utility property, net 0.3 Other investments 3.0 Current Assets: Cash 0.6 Customer accounts receivable, net 2.4 Customer notes receivable 4.1 Prepaid and other current assets 4.5 ----- Total current assets 11.6 ----- Deferred debits 1.7 ----- $21.5 Total assets ===== CAPITALIZATION AND LIABILITIES - ------------------------------ Capitalization: Other paid in capital $19.5 Unappropriated retained earnings 0.1 ----- Total capitalization 19.6 ----- Accrued interest 1.8 ----- Deferred credits 0.1 ----- Total liabilities and capitalization $21.5 =====
EX-99 17 0017.txt FINANCIAL STATEMENT 8-A EUA COGENEX CORPORATION Consolidated Statements of Income Periods Ended September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
Quarter Six Months ------- ---------- Operating revenues $3.6 $10.4 ----- ----- Operating expenses: Operation 2.7 8.1 Maintenance 0.2 0.5 Depreciation and amortization 1.7 3.8 Taxes-other than income 0.1 0.2 Income (credit) (0.6) (1.6) Deferred 0.5 0.7 ----- ----- Total operating expenses 4.6 11.7 ----- ----- Operating income (loss) (1.0) (1.3) ----- ----- Other income and deductions: Interest and dividend income 0.6 1.2 Equity in earnings of jointly-owned companies - 0.5 Other income (deductions), net 0.2 (1.1) ----- ----- Total other income 0.8 0.6 ----- ----- Income (loss) before interest charges (0.2) (0.7) ----- ----- Interest charges: Interest on long-term debt - 1.1 Allowance for borrowed funds used during construction - credit - (0.1) ----- ----- Total interest charges - 1.0 ----- ----- Net income (loss) $(0.2) $(1.7) ===== =====
EX-99 18 0018.txt FINANCIAL STATEMENT 8-B EUA COGENEX CORPORATION Consolidated Balance Sheet At September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
ASSETS - ------ Non-utility property $35.0 Less accumulated provision for depreciation 17.6 ----- Net non-utility property 17.4 Investments in subsidiaries, at equity 0.7 Notes receivable 3.5 Leases receivable 5.6 Other 9.8 ----- Total other investments 37.0 ----- Current Assets: Cash and temporary cash investments 2.2 Notes receivable 5.6 Leases receivable 1.6 Accounts receivable, net Customers 5.0 Others 7.8 Accounts receivable-associated companies 3.2 Other current assets 0.7 ----- Total current assets 26.1 ----- Deferred debits 3.3 ----- $66.4 Total assets ===== CAPITALIZATION AND LIABILITIES - ------------------------------ Capitalization: Common equity $37.4 ----- Total capitalization 37.4 ----- Current Liabilities: Notes payable 7.2 Accounts payable 0.2 Accounts payable - associated companies 0.5 Other current liabilities 10.6 ----- Total current liabilities 18.5 ----- Deferred credits 10.5 ----- Total liabilities and capitalization $66.4 =====
EX-99 19 0019.txt FINANCIAL STATEMENT 9-A NORTHEAST ENERGY MANAGEMENT, INC. Statements of Income Periods Ended September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
Quarter Six Months ------- ---------- Operating revenues $0.8 $1.6 ---- ---- Operating expenses: Operation - 0.1 Depreciation and amortization 0.2 0.3 Income taxes 0.1 0.3 Deferred taxes 0.1 0.1 ---- ---- Total operating expenses 0.4 0.8 ---- ---- Net income $0.4 $0.8 ==== ====
EX-99 20 0020.txt FINANCIAL STATEMENT 9-B NORTHEAST ENERGY MANAGEMENT, INC. Balance Sheet At September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
ASSETS - ------ Non-utility property $7.6 Less accumulated provision for depreciation 3.9 ---- Net non-utility property 3.7 ---- Accounts receivable, net 0.2 ---- Deferred debits 3.8 ---- $7.7 Total assets ==== CAPITALIZATION AND LIABILITIES - ------------------------------ Capitalization: Common equity $7.2 ---- Total capitalization 7.2 ---- Accounts payable 0.5 ---- Total liabilities and capitalization $7.7 ====
EX-99 21 0021.txt FINANCIAL STATEMENT 10-A APS COGENEX L.L.C. Statements of Income Periods Ended September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
Quarter Six Months ------- ---------- Revenues $1.7 $3.9 Cost of sales 1.5 2.8 ---- ---- Gross margin 0.2 1.1 Operating expenses - 0.1 ---- ---- Operating income 0.2 1.0 ---- ---- Interest charges 0.2 0.2 ---- ---- Net income $ - $0.8 ==== ====
EX-99 22 0022.txt FINANCIAL STATEMENT 10-B APS COGENEX L.L.C. Balance Sheet At September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
ASSETS - ------ Property, plant, and equipment $ 0.7 Less accumulated provision for depreciation - ----- Net property, plant, and equipment 0.7 Construction work in progress (1.2) ----- Net property, plant, equipment, and projects in progress (0.5) Current Assets: Cash and cash equivalents 0.2 Other accounts receivable 4.8 ----- Total current assets 5.0 ----- Deferred debits 0.1 ----- $ 4.6 Total assets ===== PARTNERS' CAPITAL AND LIABILITIES - --------------------------------- Capitalization: Partners' capital $ 1.4 ----- Total capitalization 1.4 ----- Current Liabilities: Accounts payable 3.0 Accrued interest 0.2 ----- Total current liabilities 3.2 ----- Total liabilities and capitalization $ 4.6 =====
EX-99 23 0023.txt FINANCIAL STATEMENT 11-A EUA COGENEX WEST CORPORATION Statements of Income Periods Ended September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
Quarter Six Months ------- ---------- Operating revenues $1.1 $ 3.2 ----- ----- Operating expenses: Operation 1.0 2.8 Depreciation and amortization 0.1 0.3 Deferred taxes 0.1 0.1 ----- ----- Total operating expenses 1.2 3.2 ----- ----- Operating income (loss) (0.1) - ----- ----- Other income and deductions: Interest and dividend income - 0.1 Other income (deductions), net - (0.1) ----- ----- Total other income - - ----- ----- Income (loss) before interest charges - - ----- ----- Interest charges: Other interest expense (principally short-term notes) - 0.1 ----- ----- Total interest charges - 0.1 ----- ----- Net income (loss) $(0.1) $(0.1) ===== =====
EX-99 24 0024.txt FINANCIAL STATEMENT 11-B EUA COGENEX WEST CORPORATION Balance Sheet At September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
ASSETS - ------ Non-utility property $2.1 Less accumulated provision for depreciation 0.7 ---- Net non-utility property 1.4 Notes receivable 0.1 Leases receivable 0.6 Other 4.1 ---- Total other investments 6.2 ---- Current Assets: Cash and temporary cash investments 0.3 Notes receivable 0.2 Leases receivable 0.2 Accounts receivable, net Customers 0.3 Others 0.5 Other current assets 0.1 ---- Total current assets 1.6 ---- Deferred debits 0.9 ---- $8.7 Total assets ==== CAPITALIZATION AND LIABILITIES - ------------------------------ Capitalization: Common equity $4.1 ---- Total capitalization 4.1 ---- Current Liabilities: Notes payable 3.0 Accounts payable - associated companies 0.2 Accrued interest 0.1 Other current liabilities 1.1 ---- Total current liabilities 4.4 ---- Deferred credits 0.2 ---- Total liabilities and capitalization $8.7 ====
EX-99 25 0025.txt FINANCIAL STATEMENT 12-A EUA ENERGY CAPITAL & SERVICES I Statements of Income Periods Ended September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
Quarter Six Months ------- ---------- Operating revenues $- $0.2 -- ---- Operating expenses: Operation - 0.1 Depreciation and amortization - 0.1 -- ---- Total operating expenses - 0.2 -- ---- Operating income - - -- ---- Other income and deductions: Interest and dividend income - 0.1 -- ---- Total other income - 0.1 -- ---- Net income $- $0.1 == ====
EX-99 26 0026.txt FINANCIAL STATEMENT 12-B EUA ENERGY CAPITAL & SERVICES I Balance Sheet At September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
ASSETS - ------ Non-utility property $ 0.6 Less accumulated provision for depreciation 0.2 ----- Net non-utility property 0.4 Leases receivable 2.2 Other 0.8 ----- Total other investments 3.4 ----- Current Assets: Cash and temporary cash investments 0.4 Leases receivable 0.2 Accounts receivable, net Customers 0.9 Others 0.4 Accounts receivable-associated companies 8.1 ----- Total current assets 10.0 ----- $13.4 Total assets ===== CAPITALIZATION AND LIABILITIES - ------------------------------ Capitalization: Partnerships' capital $11.1 ----- Total capitalization 11.1 ----- Current Liabilities: Accounts payable - associated companies 0.5 Other current liabilities 1.3 ----- Total current liabilities 1.8 ----- Deferred credits 0.5 ----- Total liabilities and capitalization $13.4 =====
EX-99 27 0027.txt FINANCIAL STATEMENT 13-A EUA ENERGY CAPITAL & SERVICES II Balance Sheet At September 30, 2000 (expressed in millions, rounded to hundred thousands of dollars) (Unaudited, subject to adjustment)
ASSETS - ------ Non-utility property, net $ 0.5 Leases receivable 0.7 Other 1.6 ----- Total other investments 2.8 ----- Current Assets: Cash and temporary cash investments 0.8 Leases receivable 0.5 Accounts receivable, net Customers 0.6 Others 0.5 Accounts receivable-associated companies 7.2 ----- Total current assets 9.6 ----- $12.4 Total assets ===== CAPITALIZATION AND LIABILITIES - ------------------------------ Capitalization: Partnerships' capital $ 7.3 ----- Total capitalization 7.3 ----- Current Liabilities: Accounts payable - associated companies 1.5 Other current liabilities 2.9 ----- Total current liabilities 4.4 ----- Deferred credits 0.7 ----- Total liabilities and capitalization $12.4 =====
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