-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, KeM327XHB9B7g8ywxBD2v5bietSMqfJOxoJYt/cGTV4MAjEPyJjzxGvCwH7lyTOy vxAcqd+dsCSCctomKoUh3w== 0000715957-95-000003.txt : 19950601 0000715957-95-000003.hdr.sgml : 19950601 ACCESSION NUMBER: 0000715957-95-000003 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19941231 FILED AS OF DATE: 19950301 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: DOMINION RESOURCES INC /VA/ CENTRAL INDEX KEY: 0000715957 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 541229715 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 1935 Act SEC FILE NUMBER: 069-00278 FILM NUMBER: 95517670 BUSINESS ADDRESS: STREET 1: 901 E BYRD ST STREET 2: P O BOX 26532 CITY: RICHMOND STATE: VA ZIP: 23219 BUSINESS PHONE: 8047755700 U-3A-2 1 FORM U-3A-2 File No. 69-278 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. Statement by Holding Company Claiming Exemption Under Rule U-2 from the Provisions of the Public Utility Holding Company Act of 1935 To Be Filed Annually Prior to March 1 DOMINION RESOURCES, INC. (Name of Company) hereby files with the Securities and Exchange Commission ("SEC"), pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935 ("the Holding Company Act"), and submits the following information: 1. Name, State of organization, location and nature of business of claimant and each subsidiary thereof, other than any exempt wholesale generator (EWG) or foreign utility company in which claimant directly or indirectly holds an interest. State of Location and Name Organization Nature of Business Dominion Resources, Inc. (DRI) Virginia Richmond, Virginia - Holding Company Subsidiaries of Dominion Resources, Inc. Virginia Electric and Power Virginia Virginia and North Carolina- Company (1) Electric Utility Dominion Capital, Inc. (2) Virginia Richmond, Virginia - Financial Services, Land Development Dominion Energy, Inc. (2) Virginia Richmond, Virginia - Nonutility Power Production and Gas and Oil Development Dominion Resources Black Delaware Richmond, Virginia - Fixed Warrior Trust investment trust holding royalty interests in natural gas properties in Alabama Subsidiaries of Dominion Capital, Inc. Rincon Securities Inc. New York Richmond, Virginia - Investment Company Dominion Financing, Inc. Virginia Richmond, Virginia - Special Purpose Medium-Term Financing Subsidiary Blue Ridge Investments, Inc. Virginia Richmond, Virginia - Investment Company Louisiana Hydroelectric Virginia Richmond, Virginia - Capital Corporation Investment Company State of Location and Name Organization Nature of Business Subsidiaries of Dominion Capital, Inc. (continued) Vidalia Audit, Inc. Virginia Richmond, Virginia - Audit company for hydroelectric project America's Utility Fund Virginia Richmond, Virginia - Mutual Service Company Fund administrator Project America, Inc. Virginia Richmond, Virginia - Mutual Fund broker-dealer Hillcrest/DCI Properties, Virginia Richmond, Virginia - Real Inc. estate investment Rosemont/DCI Properties, Inc. Virginia Richmond, Virginia - Real estate investment Shoulders Hill/DCI Properties, Virginia Richmond, Virginia - Real Inc. estate investment Harbour Center/DCI Properties, Virginia Richmond, Virginia - Real Inc. estate development Edgen, Inc. Delaware Richmond, Virginia - Real estate holding company Stanton Associates, Inc. Virginia Norfolk, Virginia - Real estate holding company Williams Court/DCI Properties, Virginia Richmond, Virginia - Real Inc. estate investments Dominion Lands, Inc. Virginia Richmond, Virginia - Land development Virginia Financial Ventures, Virginia Richmond, Virginia - Inc. Commercial finance Subsidiary of Stanton Associates, Inc. Goodman Segar Hogan, Inc. Virginia Norfolk, Virginia - Real estate company Subsidiaries of Goodman Segar Hogan, Inc. Stanton Associates One Virginia Norfolk, Virginia - Real estate investment Goodman Segar Hogan Hoffler,Virginia Norfolk, Virginia - Real Inc. estate company Denbigh Shopping Center Virginia Norfolk, Virginia - Real Associates estate investment GSH/Stanton Associates, L.P. Virginia Norfolk, Virginia - Real estate investment Stanton Associates Two Virginia Norfolk, Virginia - Real estate investment Hogan Stanton, Inc. Virginia Norfolk, Virginia - Real estate investment Hogan Stanton Properties, Inc. Virginia Norfolk, Virginia - Real estate investment Hogan Stanton Investment, Inc. Virginia Norfolk, Virginia - Real estate investment Goodman Segar Hogan of Great Virginia Norfolk, Virginia - Real Bridge, Inc. estate investment State of Location and Name Organization Nature of Business Subsidiaries of Goodman Segar Hogan, Inc. (continued) Air Cargo Associates Virginia Norfolk, Virginia - Operating Partnership-Real estate Air Cargo Associates II Virginia Norfolk, Virginia - Operating Partnership-Real estate Monroe Construction Virginia Norfolk, Virginia - Management, Inc. Construction company Arcade, Inc. Virginia Norfolk, Virginia - Real estate investment Goodman Segar Hogan of Virginia Norfolk, Virginia - Real Little Neck, Inc. estate investment Riverside Development Joint Virginia Norfolk, Virginia - Venture Operating Partnership-Real estate Baxter Road Associates Virginia Norfolk, Virginia - Operating Partnership-Real estate Goodman Segar Hogan of Virginia Norfolk, Virginia - Real Orlando, Inc. estate investment Historic Towne Square Company Virginia Norfolk, Virginia - Operating Partnership-Real estate American Storage Properties, Virginia Norfolk, Virginia - Real Inc. estate investment Goodman Segan Hogan of Virginia Norfolk, Virginia - Real World Trade Center, Inc. estate investment World Trade Center Associates, Virginia Norfolk, Virginia - L.P. Operating Partnership- Real estate Azalea Richmond Self-Storage, Virginia Norfolk, Virginia - Real Inc. estate investment Goodman Segar Hogan of Virginia Norfolk, Virginia - Payroll North Carolina, Inc. Tax Conduit Goodman Segar Hogan of Virginia Norfolk, Virginia - Payroll Virginia, Inc. Tax Conduit GSH Maintenance Corporation Virginia Norfolk, Virginia - Payroll Tax Conduit Goodman Segar Hogan of Virginia Norfolk, Virginia - Payroll Atlanta, Inc. Tax Conduit Madison Property Services, Inc.Virginia Norfolk, Virginia - Provides insurance services Goodman Segar Hogan Parking Virginia Norfolk, Virginia - Parking Management, Inc. lot Management Shoulders Hill Investors, L.P. Virginia Norfolk, Virginia - Dormant partnership State of Location and Name Organization Nature of Business Subsidiary of Stanton Associates One Brown Farm Associates Virginia Norfolk, Virginia - Operating partnership-Real estate Subsidiary of Denbigh Shopping Center Associates Turnbarr Associates Virginia Norfolk, Virginia - Operating partnership-Real estate Subsidiary of Stanton Associates Two Salem Lakes Commercial Virginia Norfolk, Virginia - Associates Operating partnership-Real estate Subsidiary of Hogan Stanton, Inc. HS Advisors, Ltd. Virginia Norfolk, Virginia - Real estate investment Subsidiary of Hogan Stanton Properties, Inc. HS Advisors II, Ltd. Virginia Norfolk, Virginia - Real estate investment Subsidiary of Hogan Stanton Investments, Inc. HS Advisors III, Ltd. Virginia Norfolk, Virginia - Real estate investment Subsidiary of Arcade, Inc. Selden Associates Virginia Norfolk, Virginia - Operating partnership- Real estate Subsidiary of American Storage Properties, Inc. GSH/American Storage Virginia Norfolk, Virginia - Real Properties Associates, L.P. estate investment Subsidiary of Goodman Segar Hogan, Inc. and Goodman Segar Hogan Hoffler, Inc. Goodman Segar Hogan Hoffler Virginia Norfolk, Virginia - Real L.P. estate brokerage, leasing and management Subsidiary of Goodman Segar Hogan Hoffler, Inc. Goodman Segar Hogan Hoffler Virginia Norfolk, Virginia - Real Construction, Inc. estate construction general partner State of Location and Name Organization Nature of Business Subsidiary of Goodman Segar Hogan Hoffler Construction L.P. and Goodman Segar Hogan Hoffler L. P. Goodman Segar Hogan Hoffler Virginia Norfolk, Virginia - Real Construction, L.P. estate construction Subsidiary of Edgen, Inc. H-W Properties, Inc. Delaware Houston, Texas - Real estate investment Subsidiary of H-W Properties, Inc. Waterford Harbor Realty, Inc. Texas Houston, Texas - Real estate management Subsidiary of Virginia Financial Ventures, Inc. First Source Financial LLP Illinois Prospects Heights, Illinois - Middle market commerical lending Subsidiaries of Dominion Lands, Inc. Widewater Associates Virginia Stafford County, Virginia - Land Development Lake Badin Associates Virginia Montgomery County, North Carolina - Land Development Dominion Lands-Williamsburg, Virginia James City County, Virginia Inc. - Land Development Chesterfield Land Associate Virginia Chesterfield County, Virginia - Land Development Harborside Condominium Unit Virginia Alexandria, Virginia - Owners Association Condominium Owners Association Subsidiairies of Lake Badin Associates Uwharrie Point Community North Montgomery County, Association, Inc. Carolina North Carolina - Homeowners Association Millingport Community North Montgomery County, Association, Inc. Carolina North Carolina - Neighborhood Association Subsidiaries of Dominion Lands, Inc. and Dominion Lands-Williamsburg, Inc. Governor's Land Associates Virginia James City County, Virginia - Land Development Subsidiaries of Governor's Land Associates Governor's Land Foundation Virginia James City County, Virginia - Homeowners Association Two Rivers Club Delaware James City County, Virginia - Country Club State of Location and Name Organization Nature of Business Governor's Land Management Virginia James City County, Virginia Company, Inc. - Operation and maintenance services for land and club development projects Subsidiaries of Dominion Energy, Inc. Dominion Cogen, Inc. Virginia Headquarters in Richmond, Virginia - Cogeneration Dominion Cogen CA, Inc. Virginia Headquarters in Richmond, Virginia - Cogeneration in state of California Dominion Cogen WV, Inc. Virginia Headquarters in Richmond, Virginia - Cogeneration in state of West Virginia Dominion Cogen NY, Inc. Virginia Headquarters in Richmond, Virginia - Cogeneration and small power production in state of New York Dominion Cogen DC, Inc. Virginia Headquarters in Richmond, Virginia - Cogeneration in DC Dominion Reserves, Inc. Virginia Richmond, Virginia - Gas and Oil Development Dominion Energy Services Virginia Richmond, Virginia - Company, Inc. (operates in West Operation and maintenance Virginia as DE Services services for nonutility Company, Inc.) power projects Dominion Demand Side Virginia Headquarters in Richmond, Services, Inc. Virginia - Energy Conservation Tech Resources, Inc. Delaware Columbus, Ohio - Energy Conservation Dominion Generating S.A. Argentina Buenos Aires, Argentina - Electric power production in Argentina Dominion Black Warrior Basin, Alabama Tuscaloosa, Alabama - Inc. Methane gas production Dominion Reserves-Utah, Inc. Utah Headquarters in Richmond, Virginia - Methane gas production in Utah Dominion Energy Central Belize, C.A. Belize City, Belize - Equity America, Inc. holding Caithness BLM Group L.P. New Jersey Ridgecrest, California - Geothermal electric generation Caithness Navy II Group L.P. New Jersey Inyo County, California - Geothermal electric generation Rumford Cogeneration Maine Rumford, Maine-Cogeneration Company, Ltd. State of Location and Name Organization Nature of Business Subsidiaries of Dominion Energy, Inc. (continued) Luz Solar Partners Ltd., VII California Los Angeles, California - L.P. Solar electric generation Subsidiary of Dominion Cogen, Inc. Enron/Dominion Cogen Corp. Delaware Houston, Texas -Cogeneration Subsidiaries of Enron/Dominion Cogen Corp. Enron Cogeneration One Delaware Houston, Texas-Cogeneration Company Enron Cogeneration Three Delaware Houston, Texas-Cogeneration Company Enron Cogeneration Five Delaware Houston, Texas-Cogeneration Company Enron Bayou Cogeneration, Inc. Delaware Houston, Texas-Cogeneration Subsidiary of Enron Cogeneration One Company Cogenron Inc. Delaware Texas City, Texas - Cogeneration Plant Subsidiary of Enron/Dominion Cogen Corp. and Enron Cogeneration Three Company Clear Lake Cogeneration Texas Bayport, Texas - Limited Partnership Cogeneration Plant Subsidiaries of Dominion Cogen CA, Inc. Chalk Cliff Limited Texas Headquarters in Houston, Texas - Cogeneration in state of California San Joaquin Cogen Limited Texas Headquarters in Houston, Texas - Cogeneration in state of California Subsidiary of Dominion Cogen DC, Inc. Georgetown Cogeneration, L.P. Virginia Headquarters in Richmond, Virginia - Cogeneration in D.C. Subsidiary of Dominion Cogen WV, Inc. Morgantown Energy Associates West Virginia Morgantown, WV - Cogeneration Subsidiaries of Dominion Cogen NY, Inc. Warrensburg Hydro Power New York Glens Falls, New York - Limited Partnership Small Power Producer Middle Falls Limited Partnership New York Glens Falls, New York - Small Power Producer Sissonville Limited Partnership New York Glens Falls, New York - Small Power Producer NYSD Limited Partnership New York Glens Falls, New York - Small Power Producer State of Location and Name Organization Nature of Business Subsidiary of Dominion Reserves, Inc. Dominion Gas Processing MI, Inc. Virginia Headquarters in Richmond, Virginia - natural gas processing in Michigan Dominion Southern Michigan, Inc. Delaware Headquarters in Richmond, Virginia - Oil and gas development in Michigan Subsidiary of Dominion Gas Proce ssing MI, Inc. Frederic HOF L.P. Virginia Gaylord, Michigan - natural gas processing Wilderness Energy, L.C. Michigan Gaylord, Michigan - Oil and gas gathering and development Subsidiary of Wilderness Energy, L.C. and Dominion Gas Processing MI, Inc. Wilderness Energy Services Michigan Gaylord, Michigan - Oil and L.P. gas gathering and development Subsidiary of Dominion Demand Side Services, Inc. and Tech Resources, Inc. Tech Resources, L.P. Delaware Columbus, Ohio - Energy Conservation Subsidiaries of Dominion Generating S.A. A. V. Holding S.A. Argentina Buenos Aires, Argentina - Equity holdings in Argentina Patagonia Holding, S.A. Argentina Buenos Aires, Argentina - Equity holdings in Argentina CUYO Holding S.A. Argentina Buenos Aires, Argentina - Shell corporation Diamante Holding S.A. Argentina Buenos Aires, Argentina - Shell corporation ___________________ (1) Virginia Electric and Power Company owns certain properties in West Virginia but since March 1, 1987 has not provided electric service in that state. (2) For the calendar year 1994, the revenues and income and net income of Dominion Capital, Inc. (DCI), Dominion Energy, Inc. (DEI) and their subsidiaries, as percentages of claimant's consolidated revenues and income and net income, are as follows: Revenues and income as % of Net income as % consolidated of consolidated DCI 2.2 3.9 DEI 4.7 12.5 2. A brief description of the properties of claimant and each of its subsidiary public utility companies used for the generation, transmission and distribution of electric energy for sale, or for the production, transmission and distribution of natural or manufactured gas, indicating the location of principal generating plants, transmission lines, producing fields, gas manufacturing plants, and electric and gas distribution facilities, including all such properties which are outside the State in which claimant and its subsidiaries are organized and all transmission lines or pipelines which deliver or receive electric energy or gas at the borders of such State, is as follows: The claimant owns all of the issued and outstanding common stock of Virginia Electric and Power Company (which, including all of its businesses, wherever located, is hereinafter referred to as "Virginia Power"), a Virginia public service corporation. Virginia Power is a regulated public utility engaged in the generation, transmission, distribution and sale of electric energy in a 30,000 square mile service area in Virginia and northeastern North Carolina and consequently has generation, transmission and distribution facilities in each of those states. Virginia Power also owns a fuel pier that extends into navigable waters within the boundaries of Maryland and owns generation and transmission facilities located in West Virginia. In its service area it sells electricity to retail customers, including governmental agencies, and to wholesale customers such as rural electric cooperatives and municipalities. Virginia Power's service area comprises about 65% of Virginia's total land area, but accounts for over 80% of its population. DCI owns, in accordance with a no-action letter from the SEC Office of Public Utility Regulation dated December 22, 1987, a limited partnership interest in Catalyst Old River Hydroelectric Limited Partnership, which is the lessee of a hydro facility in Louisiana. DEI has interests in various cogeneration and small power production facilities in various states of the United States, but all of such facilities are Qualifying Facilities under the Public Utility Regulatory Policies Act. In addition, DEI owns an interest in a hydroelectric power project that is under construction in Belize and that will be held and operated by an Exempt Wholesale Generator under the Energy Policy Act of 1992. DEI has also purchased interests in a gas-fired, and a hydroelectric generating facility in Argentina, and operates these facilities, all through Exempt Wholesale Generators. Dominion Reserves, Inc., a subsidiary of Dominion Energy, Inc. is a participant in 86 oil and natural gas development programs in Arkansas, Colorado, Georgia, the Gulf of Mexico, Kansas, Louisiana, Michigan, Ohio, Oklahoma, Pennsylvania, South Dakota, Texas, Virginia, West Virginia and Wyoming. A more detailed description of the properties of, and a discussion of the business of the claimant and its subsidiaries, is found in the Annual Report on Form 10-K of the claimant (File No. 1-8489) for the fiscal year ended December 31, 1993 which is on file with the SEC and incorporated herein by this reference. 3. The following information for the last calendar year (1994) with respect to claimant and each of its subsidiary public utility companies is provided in the chart below: (a) Number of kwh of electric energy sold (at retail or wholesale), and MCF of natural or manufactured gas distributed at retail. (b) Number of kwh of electric energy and MCF of natural or manufactured gas distributed at retail outside the State in which each such company is organized. (c) Number of kwh of electric energy and MCF of natural or manufactured gas sold at wholesale outside the State in which each such company is organized, or at the State line. (d) Number of kwh of electric energy and MCF of natural or manufactured gas purchased outside the State in which each such company is organized, or at the State line. Virginia Power (a) Number of kwh of electric energy sold. 65,740,635,000 (b) Number of kwh of electric energy distributed 2,838,978,000 at retail outside the State of Virginia. (c) Number of kwh of electric energy sold at 816,607,000 wholesale outside the State of Virginia, or at the State line. (d) Number of kwh of electric energy purchased 7,857,300,000 outside the State of Virginia or at the State line. 4. The following information for the reporting period with respect to claimant and each interest it holds directly or indirectly in an EWG or a foreign utility company, stating monetary amounts in United States dollars: (a) Name, location, business address and description of the facilities used by the EWG or foreign utility company for the generation, transmission and distribution of electric energy for sale or for the distribution at retail of natural or manufactured gas. 1. Name: Mollejon Hydroelectric Project Location: The facility is located on the Macal River in Cayo District, Belize, Central America. Business Address: Belize Electric Company Limited 37 Regent Street Belize City, Belize Description: This 25.2 MW hydroelectric facility is located in west Belize, C.A. on the Macal River. The project, which is currently under construction, will consist of a diversion dam, a 2.5 mile power tunnel, and a powerhouse which will contain three 8400 KW turbine generators. The diversion dam will impound sufficient water to allow daily regulation. 2. Name: Hidroelectrica Cerros Colorados Power Plant Location: The facility is located 50 miles west of the city of Neuquen on the Neuquen River in Neuquen Province, Argentina. Business Address: Hidroelectrica Cerros Colorados S.A. Leandro N. Alem 690 Piso 12 Buenos Aires, Argentina Description: This hydroelectric generating facility has a nominal power production capacity of 450 MW. It consists of two 225 MW turbogenerators with associated equipment and five dams. The generating plant dam is earthen-filled, and the other four dams consist of one earthen-filled diversion structure, two earthen-filled flow regulating structures and one concrete flow regulating structure. 3. Name: Central Termica Alto Valle Power Plant Location: The facility is located in the city of Neuquen, Argentina. Business Address: Central Termica Alto Valle S.A. Leandro N. Alem 690 Piso 12 Buenos Aires, Agentina. Description: The Alto Valle Station has a nominal power production capacity of 98 MW. The Station consists of five turbines: two 15 MW steam turbines, one 18 MW gas turbine and two 25 MW gas turbines. The Station is interconnected with Compania Administradora del Mercado Mayorista Electrico Sociedad Anonima, which is the Argentine spot market for electric energy, by four transmission lines. (b) Name of each system company that holds an interest in such EWG or foreign utility company, and description of the interest held. Name Description of Interest Held Dominion Resources, Inc. 100% Ownership of Dominion Energy, Inc. Dominion Energy, Inc. 99.916% ownership interest in Dominion Generating S.A. 100% ownership interest in Dominion Energy Central America, Inc. 99.916% ownership interest in Dominion Management Argentina S.A., EWG# EG93-60-000 and EWG# EG93-53-000. Dominion Generating S.A. 65% ownership interest in Patagonia Holding S.A. 60% ownership interest in A.V. Holding S.A. Dominion Energy Central 95% ownership interest in America, Inc. Belize Electric Company Limited, EWG# EG93-45-000. Patagonia Holding S.A. 59% ownership interest in Hidroelectrica Cerros Colorados S.A., EWG# EG93-58-000. A.V. Holding S.A. 90% ownership interest in Central Termica Alto Valle S.A., EWG# E93-93-000. (c) Type and amount of capital invested, directly or indirectly, by the holding company claiming exemption; any direct or indirect guarantee of the security of the EWG or foreign utility company by the holding company claiming exemption; and any debt or other financial obligation for which there is recourse, directly or indirectly, to the holding company claiming exemption or another system company, other than the EWG or foreign utility company. DOMINION RESOURCES, INC. ANALYSIS OF FOREIGN INVESTMENTS AS OF DECEMBER 31, 1994 US$ DOMINION RESOURCES INVESTMENT INVESTMENT TYPE AMOUNT DIRECT/INDIRECT Belize Projects: Stock $10,047,500 Indirect Debt 17,935,432 Indirect __________ $27,982,932 ========== Argentine Projects: Stock $13,317,044 Indirect Debt 56,772,544 Indirect Letter-of-Credit 6,000,000 Indirect __________ $76,089,588 ========== The above investments were established through Dominion Resources' wholly-owned subsidiary, Dominion Energy, Inc. The Letter-of-Credit is a Dominion Energy guarantee of debt for the Central Termica Alto Valle Project. (d) Capitalization and earnings of the EWG or foreign utility company during the reporting period. Capitalization: Central Termica Alto Valle S.A.: Stock $11,013,300 Letter-of-Credit 6,000,000 __________ $17,013,300 ========== Hidroelectrica Cerros Colorados S.A.: Stock $47,209,703 ========== Dominion Management Argentina S.A.: Stock $ 12,000 ====== Belize Electric Company Limited: Stock $12,730,000 Debt 3,211,269 __________ $15,941,269 ========== Earnings: Central Termica Alto Valle S.A. $614,747 Hidroelectrica Cerros Colorados S.A. 4,299,783 Dominion Management Argentina S.A. (830,830) Belize Electric Company Limited 3,337 _________ $4,087,037 ========= (e) Identify any service, sales or construction contract(s) between the EWG or foreign utility company and a system company, and describe the services to be rendered or goods sold and fees or revenues under such agreement(s). 1. Dominion Energy, Inc. (Dominion Energy) has a support services contract with Dominion Management Argentina S.A. (Manager) dated December 1, 1993 to provide personnel, supervision, technical expertise and other services as Manager may request from time to time for the purpose of assisting Manager to fulfill its obligation to Central Termica Alto Valle S.A. and Hidroelectrica Cerros Colorados. Dominion Energy is reimbursed for costs associated with services it provides. 2. Dominion Management Argentina S.A. (DMASA) has a contract with Central Termica Alto Valle S.A. (CTAV) dated August 26, 1992 to provide the management of operations and maintenance for the Central Termica Alto Valle Plant. In addition, DMASA is reimbursed for the cost it incurs associated with fulfilling its obligations under this contract. DMASA receives a management fee of 2% of the gross revenue of the energy sales from the facility. Operations and maintenance costs are paid by CTAV. 3. Dominion Management Argentina S.A. (DMASA) has a contract with Hidroelectrica Cerros Colorados S.A. (HCC) dated September 1, 1993 to provide management of operations and maintenance for the Hidroelectrica Cerros Colorados Plant. DMASA receives a management fee of 1.5% of the gross revenue from the sale of energy from the facility. Operations and maintenance costs are paid by HCC. 4. Dominion Energy Services Company, Inc. (DESCO), a wholly-owned subsidiary of Dominion Energy, Inc., has a contract, dated January 1, 1994, to provide the management, operation and maintenance services to Belize Electric Company Limited. DESCO will be reimbursed for the costs it incurs related to this obligation and be paid a fee equal to 2% of gross revenue from the sale of energy from the facility. DESCO will seek certification as an Exempt Wholesale Generator prior to completion of the facility. EXHIBIT A A consolidating statement of income and surplus of the claimant and its subsidiary companies for the last calendar year (1994), together with a consolidating balance sheet of claimant and its subsidiary companies as of the close of such calendar year, are submitted as Exhibit A hereto. The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on the 1st day of March 1995. DOMINION RESOURCES, INC. BY: JAMES L. TRUEHEART ____________________________ James L. Trueheart Vice President and Controller Corporate Seal Attest: BY: LINWOOD R. ROBERTSON ___________________________________ Linwood R. Robertson Senior Vice President and Chief Financial Officer Name, title, and address of officer to whom notices and correspondence concerning this statement should be addressed: Linwood R. Robertson, Senior Vice President and Chief Financial Officer _______________________________________________________________________ (Name) (Title) 901 E. Byrd Street P. O. Box 26532 Richmond, Virginia 23261 (804) 775-5895 Exhibit A page 1 of 15 DOMINION RESOURCES, INC., CONSOLIDATED BALANCE SHEET, DECEMBER 31, 1994 (thousands)
DOMINION DOMINION DOMINION VIRGINIA INTERCOMPANY ASSETS RESOURCES CAPITAL ENERGY POWER ELIMINATIONS CONSOLIDATED - -------------------------------- -------------- -------------- -------------- -------------- -------------- -------------- Current Cash $553 $10,106 $3,671 $13,311 $27,641 Temporary investments 103,600 15,500 119,100 Short-term market. securities 76,000 34,828 110,828 Customer accts. receivable, net 202,732 202,732 Other accounts receivable 24,211 8,340 28,150 53,207 (30,692) 83,216 Accrued unbilled revenues 97,399 97,399 Accrued taxes 1,049 10,863 14,902 26,814 Materials & supplies: Plant and general 186,600 186,600 Fossil fuel 122,949 122,949 Other 26,175 13,352 19,204 51,717 (1,204) 109,244 -------------- -------------- -------------- -------------- -------------- -------------- 231,588 77,489 65,927 743,415 (31,896) 1,086,523 -------------- -------------- -------------- -------------- -------------- -------------- Investments Invest. in affiliates & part. 4,391,328 72,640 210,186 (4,391,328) 282,826 Inter-company advances 199,759 (199,759) 0 Marketable securities 6,433 263,737 16,319 0 286,489 Nuclear decomm. trust funds 260,870 260,870 Pollution control project funds 20,281 20,281 Investment in real estate 107,526 107,526 Other 5,083 175,870 13,594 21,091 (13,626) 202,012 -------------- -------------- -------------- -------------- -------------- -------------- 4,602,603 619,773 240,099 302,242 (4,604,713) 1,160,004 -------------- -------------- -------------- -------------- -------------- -------------- Property, Plant and Equipment Utility plant & nuclear fuel 14,713,825 14,713,825 Nonutility property 46,606 16,727 631,330 6,972 701,635 Less accumulated depreciation and amortization 10,917 2,155 65,562 5,090,401 1,031 5,170,066 -------------- -------------- -------------- -------------- -------------- -------------- 35,689 14,572 565,768 9,623,424 5,941 10,245,394 -------------- -------------- -------------- -------------- -------------- -------------- Deferred Charges & Other Assets Regulatory Assets: Income taxes recoverable 488,178 488,178 Deferred capacity expenses 3,353 3,353 Terminated contruction project costs, net 128,517 128,517 Other regulatory assets 250,952 250,952 Other 1,472 67,315 47,596 107,815 (24,969) 199,229 -------------- -------------- -------------- -------------- -------------- -------------- 1,472 67,315 47,596 978,815 (24,969) 1,070,229 -------------- -------------- -------------- -------------- -------------- -------------- TOTAL ASSETS $4,871,352 $779,149 $919,390 $11,647,896 ($4,655,637) $13,562,150 ============== ============== ============== ============== ============== ============== /TABLE Exhibit A page 2 of 15 DOMINION RESOURCES, INC., CONSOLIDATED BALANCE SHEET, DECEMBER 31, 1994 (thousands)
LIABILITIES AND DOMINION DOMINION DOMINION VIRGINIA INTERCOMPANY STOCKHOLDERS' EQUITY RESOURCES CAPITAL ENERGY POWER ELIMINATIONS CONSOLIDATED - -------------------------------- -------------- -------------- -------------- -------------- -------------- -------------- Current Securities due within one year $875 $66,104 $20,000 $312,250 $0 399,229 Short-term debt 63,990 658 81,324 0 145,972 Accounts payable, trade 13,288 5,935 36,678 318,333 (30,692) 343,542 Accrued interest 632 4,009 6,618 96,233 (1,204) 106,288 Accrued taxes 0 Customer deposits 54,966 54,966 Accrued payroll 59,543 59,543 Provision for rate refunds 12,189 12,189 Other 17,974 4,087 3,137 95,555 (5,008) 115,745 -------------- -------------- -------------- -------------- -------------- -------------- 96,759 80,793 147,757 949,069 (36,904) 1,237,474 -------------- -------------- -------------- -------------- -------------- -------------- Long-Term Debt Inter-company borrowings 144,378 55,381 (199,759) 0 Utility 3,910,424 3,910,424 Nonrecourse-nonregulated 21,752 393,558 224,787 640,097 Other 160,000 160,000 -------------- -------------- -------------- -------------- -------------- -------------- 181,752 537,936 280,168 3,910,424 (199,759) 4,710,521 -------------- -------------- -------------- -------------- -------------- -------------- Deferred Credits and Other Liabilities Deferred income taxes 2,936 36,797 108,301 1,466,676 (1,139) 1,613,571 Investment tax credits 289,182 289,182 Capital lease obligation, non-current 0 Deferred fuel expenses 51,461 51,461 Other 57 32,456 119,349 129,789 (23,897) 257,754 -------------- -------------- -------------- -------------- -------------- -------------- 2,993 69,253 227,650 1,937,108 (25,036) 2,211,968 -------------- -------------- -------------- -------------- -------------- -------------- Preferred Stock Subject To Mandatory Redemption 372 221,732 222,104 -------------- -------------- -------------- -------------- -------------- -------------- Preferred Stock Not Subject To Mandatory Redemption 594,014 0 594,014 -------------- -------------- -------------- -------------- -------------- -------------- Stockholders' Equity Common stock 3,157,558 8 208 2,737,407 (2,737,623) 3,157,558 Other paid-in capital 21,113 79,389 200,805 20,357 (300,551) 21,113 Allowance on marketable securities (47,827) (46,478) (335) 46,813 (47,827) Retained earnings 1,459,004 57,876 63,137 1,277,785 (1,402,577) 1,455,225 ----------------------------- -------------- -------------- -------------- -------------- 4,589,848 90,795 263,815 4,035,549 (4,393,938) 4,586,069 -------------- -------------- -------------- -------------- -------------- -------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $4,871,352 $779,149 $919,390 $11,647,896 ($4,655,637) $13,562,150 ============== ============== ============== ============== ============== ============== /TABLE Exhibit A page 3 of 15 DOMINION RESOURCES, INC. CONSOLIDATING STATEMENT OF INCOME YEAR-TO-DATE ENDED DECEMBER 31, 1994
DOMINION DOMINION DOMINION VIRGINIA INTERCOMPANY RESOURCES CAPITAL ENERGY POWER ELIMINATIONS CONSOLIDATED -------------- -------------- -------------- -------------- -------------- -------------- OPERATING REVENUES AND INCOME Electric $4,170,838,785 $4,170,838,785 Nonutility $19,242,053 $99,192,282 $210,641,458 (8,827,636) 320,248,157 -------------- -------------- -------------- -------------- -------------- -------------- Total operating revenues and income 19,242,053 99,192,282 210,641,458 4,170,838,785 (8,827,636) 4,491,086,942 OPERATING EXPENSES Fuel used in current generation 593,363,627 593,363,627 Purchased power fuel expenses 382,227,360 382,227,360 Purchased power capacity expenses 642,893,802 642,893,802 Deferred fuel expenses (2,589,280) (2,589,280) Deferred capacity expenses 26,478,526 26,478,526 Other operation 15,843,349 62,578,534 83,715,484 577,416,437 739,553,804 Maintenance 263,187,964 263,187,964 Depreciation, depletion & amort. 1,946,791 2,760,135 47,711,222 480,695,650 533,113,798 Other taxes 675,377 1,162,658 16,977,123 255,826,981 274,642,139 -------------- -------------- -------------- -------------- -------------- -------------- Total operating expenses 18,465,517 66,501,327 148,403,829 3,219,501,067 0 3,452,871,740 -------------- -------------- -------------- -------------- -------------- -------------- Operating income 776,536 32,690,955 62,237,629 951,337,718 (8,827,636) 1,038,215,202 -------------- -------------- -------------- -------------- -------------- -------------- OTHER INCOME Utility 7,164,335 7,164,335 Nonutility Allowance for other funds 6,421,409 6,421,409 -------------- -------------- -------------- -------------- -------------- -------------- Total other income 0 0 0 13,585,744 0 13,585,744 -------------- -------------- -------------- -------------- -------------- -------------- Income before fixed charges and federal income taxes 776,536 32,690,955 62,237,629 964,923,462 (8,827,636) 1,051,800,946 -------------- -------------- -------------- -------------- -------------- -------------- FIXED CHARGES Interest charges, net 12,778,505 36,770,637 24,314,086 295,209,599 (8,827,636) 360,245,191 Preferred dividends of Va. Power 42,274,038 42,274,038 -------------- -------------- -------------- -------------- -------------- -------------- Total fixed charges 12,778,505 36,770,637 24,314,086 337,483,637 (8,827,636) 402,519,229 -------------- -------------- -------------- -------------- -------------- -------------- Income before provision for federal income taxes (12,001,969) (4,079,682) 37,923,543 627,439,825 0 649,281,717 Provision for federal income taxes (6,859,970) (22,962,229) (21,710,920) 222,569,983 171,036,864 -------------- -------------- -------------- -------------- -------------- -------------- Net income ($5,141,999) $18,882,547 $59,634,463 $404,869,842 $0 $478,244,853 ============== ============== ============== ============== ============== ============== Earnings per share ($0.030) $0.111 $0.350 $2.377 $2.808 /TABLE Exhibit A page 4 of 15 DOMINION ENERGY, INC CONSOLIDATING BALANCE SHEET AT DECEMBER 31, 1994 (In Thousands)
BLACK DOMINION DOMINION DOMINION WARRIOR RESERVES DOMINION DOMINION ENERGY RESERVES BASIN - UTAH DOMCO DESCO DDSS COGEN CA COGEN NY ASSETS Current Assets Cash & cash equivalents $27 $962 $1,956 $10 $0 $8 $0 $1 $3 Accounts receivable 2,277 9,515 390 204 0 3,834 0 0 0 Interest receivable 1,268 0 0 0 0 107 0 0 1 Notes receivable 4,536 0 0 0 0 0 0 0 0 Other 885 11,755 1,631 532 0 57 0 0 0 ___________________________________________________________________________________ 8,993 22,232 3,977 745 0 4,006 0 1 4 ___________________________________________________________________________________ Investments Investment in subsidiaries 198,584 0 0 0 86,182 0 0 0 0 Investment in partnerships 104,039 3,248 0 0 0 0 150 1,451 (37) Inter-company advances 218,731 0 4,176 0 0 0 0 41 284 Other 6,762 3,097 16,319 0 6,634 0 0 0 0 ___________________________________________________________________________________ 528,117 6,345 20,495 0 92,815 0 150 1,492 247 ___________________________________________________________________________________ Properties, Plant and Equipment 549 314,111 1,773 15,703 0 0 0 0 0 Less accumulated dep & amort 363 50,720 496 1,049 0 0 0 0 0 ___________________________________________________________________________________ 186 263,391 1,277 14,654 0 0 0 0 0 ___________________________________________________________________________________ Deferred Charges and Other Assets Other 5,518 3,137 0 56 16,320 0 0 0 0 ___________________________________________________________________________________ Total Assets $542,813 $295,105 $25,749 $15,455 $109,135 $4,006 $150 $1,493 $251 ___________________________________________________________________________________ /TABLE Exhibit A page 5 of 15 DOMINION ENERGY, INC CONSOLIDATING BALANCE SHEET AT DECEMBER 31, 1994 (In Thousands)
DOMINION DOM ENERGY DOMINION DOMINION MANAGEMENT CENTRAL TOTAL COGEN WV GENERATING ARGENTINA AMERICA ELIMINATIONS CONSOLIDATED ASSETS Current Assets Cash & cash equivalents $2 $406 $44 $252 $0 $3,671 Accounts receivable 0 11,758 865 0 (2,213) 26,629 Interest receivable 42 0 0 0 (1,222) 198 Notes receivable 0 0 0 0 (3,211) 1,324 Other 0 4,344 0 0 0 19,204 ____________________________________________________________________ 44 16,508 909 252 (6,646) 51,025 ____________________________________________________________________ Investments Investment in subsidiaries 0 0 0 0 (198,584) 86,182 Investment in partnerships 15,153 0 0 0 0 124,004 Inter-company advances 8,394 0 0 0 (231,626) 0 Other 0 0 0 500 (3,398) 29,913 ____________________________________________________________________ 23,547 0 0 500 (433,608) 240,099 ____________________________________________________________________ Properties, Plant and Equipment 0 252,950 625 45,619 0 631,330 Less accumulated dep & amort 0 12,924 10 0 0 65,562 ____________________________________________________________________ 0 240,026 615 45,619 0 565,769 ____________________________________________________________________ Deferred Charges and Other Assets Other 0 22,565 0 0 0 47,595 ____________________________________________________________________ Total Assets $23,591 $279,099 $1,525 $46,371 ($440,254) $904,488 ____________________________________________________________________ /TABLE Exhibit A page 6 of 15 DOMINION ENERGY, INC CONSOLIDATING BALANCE SHEET AT DECEMBER 31, 1994 (In Thousands)
BLACK DOMINION DOMINION DOMINION WARRIOR RESERVES DOMINION DOMINION ENERGY RESERVES BASIN - UTAH DOMCO DESCO DDSS COGEN CA COGEN NY Liabilities Current Liabilities Accounts payable $978 $4,671 $20,819 $0 $0 $123 $0 $0 $0 Dividends payable 0 0 0 0 0 0 0 0 0 Short-term debt 0 0 126 0 0 0 0 0 0 Interest accrued 4,146 1,069 2 56 1,639 11 0 0 0 Taxes accrued (2,579) (6,801) (2,509) (997) (1,062) 191 (46) (46) (3) Other 2,213 0 0 0 0 519 0 0 0 _____________________________________________________________________________________________ 4,758 (1,060) 18,438 (940) 577 843 (46) (46) (3) _____________________________________________________________________________________________ Long-term Debt Inter-company borrowings 68,276 204,865 0 10,865 (421) 2,162 1,260 0 0 Other 144,500 0 252 0 71,285 0 0 0 0 _____________________________________________________________________________________________ 212,776 204,865 252 10,865 70,864 2,162 1,260 0 0 _____________________________________________________________________________________________ Deferred Credits & Other Liab Deferred income taxes 61,156 42,915 (6,969) 1,846 1,062 (92) (127) 1,028 277 Other 309 4,105 8,224 0 0 215 0 0 0 _____________________________________________________________________________________________ 61,464 47,020 1,255 1,846 1,062 123 (127) 1,028 277 _____________________________________________________________________________________________ Total Liabilities 278,998 250,824 19,945 11,770 72,503 3,128 1,087 981 274 _____________________________________________________________________________________________ Common Stockholders Equity 0 Common stock 208 0 0 0 35,000 1 10 1 1 Other paid-in capital 200,805 10,961 0 3,500 1,723 0 0 0 46 Valuation allowance (335) 0 (335) 0 0 0 0 0 0 Retained earnings 63,137 33,320 6,140 185 (91) 876 (947) 511 (70) _____________________________________________________________________________________________ 263,815 44,281 5,804 3,685 36,632 877 (937) 512 (23) _____________________________________________________________________________________________ Total Liab & Stockholder's Equity $542,813 $295,105 $25,749 $15,455 $109,135 $4,006 $150 $1,493 $251 _____________________________________________________________________________________________ /TABLE Exhibit A page 7 of 15 DOMINION ENERGY, INC CONSOLIDATING BALANCE SHEET AT DECEMBER 31, 1994 (In Thousands)
DOMINION DOM ENERGY DOMINION DOMINION MANAGEMENT CENTRAL TOTAL COGEN WV GENERATING ARGENTINA AMERICA ELIMINATION CONSOLIDATED Liabilities Current Liabilities Accounts payable $0 $9,828 $2,046 $427 ($2,213) $36,678 Dividends payable 0 0 0 0 0 0 Short-term debt 0 81,198 0 3,211 (3,211) 81,324 Interest accrued 0 950 0 0 (1,255) 6,618 Taxes accrued (471) (346) (232) 0 0 (14,902) Other 2 368 35 0 0 3,137 ______________________________________________________________ (469) 91,998 1,849 3,639 (6,680) 112,855 ______________________________________________________________ Long-term Debt Inter-company borrowings 0 0 0 0 (231,626) 55,381 Other 0 6,292 0 28,750 (6,292) 244,787 ____________________________________________________________ 0 6,292 0 28,750 (237,919) 300,168 ______________________________________________________________ Deferred Credits & Other Liab Deferred income taxes 5,705 1,501 0 0 0 108,301 Other 0 102,895 0 675 2,928 119,350 ______________________________________________________________ 5,705 104,396 0 675 2,928 227,651 ______________________________________________________________ Total Liabilities 5,236 202,686 1,849 33,064 (241,670) 640,674 ______________________________________________________________ Common Stockholders Equity Common stock 1 12 12 5 (35,043) 208 Other paid-in capital 21,997 70,604 0 13,225 (122,056) 200,805 Valuation allowance 0 0 0 0 335 (335) Retained earnings (3,642) 5,797 (336) 78 (41,820) 63,137 ______________________________________________________________ 18,355 76,413 (324) 13,308 (198,584) 263,815 ______________________________________________________________ Total Liab & Stockholder's Equity $23,591 $279,099 $1,525 $46,371 ($440,254) $904,488 ______________________________________________________________ /TABLE Exhibit A page 8 of 15 DOMINION ENERGY, INC CONSOLIDATING INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1994
BLACK DOMINION DOMINION DOMINION WARRIOR RESERVES DOMINION DOMINION DOMINION ENERGY RESERVES BASIN - UTAH COGEN DESCO DDSS COGEN CA COGEN NY Revenues: Oil and gas revenues $0 $46,394,099 $27,310,333 $1,621,075 $0 $0 $0 $0 $0 Energy revenues 0 0 0 0 0 0 0 0 0 Income from partnerships 9,665,428 626,710 0 0 0 0 (231,537) 127,044 42,006 Interest income 11,177,632 74,437 22,670 0 1,091 143,107 171 287 10,653 Other income 162,393 3,667,411 48,511,165 0 0 3,334,637 0 0 0 Equity earnings 60,202,803 0 0 0 5,218,104 0 0 0 0 __________________________________________________________________________________________________ 81,208,256 50,762,657 75,844,168 1,621,075 5,219,195 3,477,744 (231,366) 127,331 52,659 __________________________________________________________________________________________________ Expenses: Operating expenses 0 19,685,980 13,038,559 703,231 0 0 0 0 0 Contractual services (435,976) 1,470,000 0 0 0 0 0 0 0 Administrative and general 8,050,082 394,206 15,295 7,507 0 2,885,919 0 65 59 Depreciation and amortization 316,712 22,949,276 14,114,159 889,295 32,808 0 0 0 0 Interest charges 13,224,013 8,521,332 985,389 319,087 4,208,989 68,551 55,842 5,701 0 Other taxes 875,020 2,517,825 5,977,298 68,643 (3,932) 197,211 (366) (135) 180 Minority interest 0 20,453 0 0 0 0 0 0 0 __________________________________________________________________________________________________ 22,029,851 55,559,072 34,130,700 1,987,763 4,237,865 3,151,681 55,476 5,631 239 __________________________________________________________________________________________________ Income before provision for 59,178,405 (4,796,415) 41,713,468 (366,688) 981,330 326,063 (286,842) 121,700 52,420 income taxes Provision for income taxes (456,057) (19,082,400) 60,478 (501,379) (1,032,110) 114,208 (100,396) 42,595 18,346 __________________________________________________________________________________________________ Net income (loss) $59,634,462 $14,285,985 $41,652,990 $134,691 $2,013,440 $211,855 ($186,446) $79,105 $34,074 __________________________________________________________________________________________________ /TABLE Exhibit A page 9 of 15 DOMINION ENERGY, INC CONSOLIDATING INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1994
DOMINION DOMINION ENERGY DOMINION DOMINION MANAGEMENT CENTRAL ELIMINATIONS COGEN WV GENERATING ARGENTINA AMERICA DEBIT CREDIT CONSOLIDATED Revenues: Oil and gas revenues $0 $0 $0 $0 $75,325,507 Energy revenues 0 61,689,426 0 0 61,689,426 Income from partnerships (2,453,113) 0 0 0 7,776,538 Interest income 304,315 0 0 60,984 $11,105,558 689,789 Other income 0 2,905,736 1,360,752 0 59,942,094 Equity earnings 0 0 0 0 60,202,803 5,218,104 __________________________________________________________________________________ (2,148,798) 64,595,162 1,360,752 60,984 71,308,361 0 210,641,458 Expenses: Operating expenses 0 19,193,595 0 0 52,621,365 Contractual services 0 898,340 1,729,879 0 3,662,243 Administrative and general 3,627 5,227,413 786,957 60 17,371,190 Depreciation and amortization 74,400 9,324,817 9,755 0 47,711,222 Interest charges 0 8,306,913 (14,430) 0 11,367,301 24,314,086 Other taxes (14,906) 6,162,499 40,496 0 1,157,290 16,977,123 Minority interest 0 9,778,315 0 176 261,743 10,060,686 __________________________________________________________________________________ 63,121 58,891,892 2,552,657 236 1,419,033 11,367,301 172,717,915 Income before provision for income taxes (2,211,919) 5,703,270 (1,191,905) 60,748 69,889,328 (11,367,301) 37,923,543 Provision for income taxes (774,205) 1,518,365 (361,075) 0 1,157,290 (21,710,920) __________________________________________________________________________________ Net income (loss) ($1,437,714) $4,184,906 ($830,830) $60,748 $69,889,328 ($12,524,591) $59,634,463 __________________________________________________________________________________ /TABLE Exhibit A page 10 of 15 DOMINION CAPITAL INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1994 (thousands)
DOMINION RINCON VIDALIA LA. PROJECT VA FIN ASSETS CAPITAL SECURITIES DFI AUDIT HYDRO BRI AMERICA AUFSC VENT GSH DLI TOTAL Current Cash $265 $217 $5 $0 $5 $322 ($35)$5,000 $1,323 $3,004 $10,106 Temporary investments 0 ------------------------------------------------------------------------------------------------ Cash and equivalents 265 217 0 5 0 5 322 (35) 5,000 1,323 3,004 10,106 Accounts receivable 97 0 301 0 474 4,883 4,087 9,842 Dividends receivable 656 2,244 145 0 3,045 Interest receivable 1,455 236 4,399 94 6,184 Income tax benefit receivable 0 0 Short-term investments 34,828 34,828 Other 1,043 234 7 3 5 3,429 4,721 ------------------------------------------------------------------------------------------------ 38,344 2,931 0 313 4,399 244 325 444 5,000 6,206 10,520 68,726 ------------------------------------------------------------------------------------------------ Investments Investment in subsidiaries 141,394 11,230 152,624 Note receivable 8,150 5,238 1,700 15,088 Marketable securities 56,334 183,181 21,958 2,264 263,737 Intercompany advances 4,997 44,390 142,500 0 20,567 212,454 Vidalia Partnership 61,410 61,410 Investment in real estate 22,779 1,970 82,777 107,526 Other 83,479 15,169 62,057 77 160,782 ------------------------------------------------------------------------------------------------ 378,543 242,740 142,500 0 62,057 47,763 0 2,264 0 2,047 95,707 973,621 ------------------------------------------------------------------------------------------------ Property, Plant and Equipment 100 0 24 27 161 0 16,415 16,727 Less accumulated depreciation and amortization 48 0 12 7 66 0 2,022 2,155 ------------------------------------------------------------------------------------------------ 52 0 0 12 0 0 20 95 0 0 14,393 14,572 ------------------------------------------------------------------------------------------------ Deferred Charges & Other Assets 809 7,510 2,256 667 175 21,815 30,568 63,800 ------------------------------------------------------------------------------------------------ 809 7,510 2,256 667 175 21,815 30,568 63,800 ------------------------------------------------------------------------------------------------ TOTAL ASSETS $417,748 $253,181 $142,500 $325 $68,712 $48,674 $345 $2,978 $5,000 $30,068 $151,188 $1,120,719 ================================================================================================ /TABLE Exhibit A page 11 of 15 DOMINION CAPITAL INC. CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1994 (thousands) INTERCO. ELIMS. CONSOLI- ASSETS DR CR DATED Current Cash $10,106 Temporary investments 0 ---------------------------- Cash and equivalents 0 0 10,106 Accounts receivable 1,502 8,340 Dividends receivable 289 2,756 Interest receivable 309 5,875 Income tax benefit receivable 10,863 10,863 Short-term investments 34,828 Other 4,721 --------------------------- 10,863 2,100 77,489 --------------------------- Investments Investment in subsidiaries 534 141,928 11,230 Note receivable 0 15,088 Marketable securities 0 263,737 Intercompany advances 212,454 0 Vidalia Partnership 61,410 Investment in real estate 107,526 Other 0 160,782 --------------------------- 534 354,382 619,773 --------------------------- Property, Plant and Equipment 16,727 Less accumulated depreciation and amortization 2,155 --------------------------- 0 0 14,572 --------------------------- Deferred Charges & Other Assets 3,515 67,315 --------------------------- 3,515 67,315 --------------------------- TOTAL ASSETS $14,912 $356,482 $779,149 =========================== Exhibit A page 12 of 15 DOMINION CAPITAL INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1994 (thousands)
LIABILITIES AND DOMINION RINCON VIDALIA LA . PROJECT VA FIN STOCKHOLDERS' EQUITY CAPITAL SECURITIES DFI AUDIT HYDRO BRI AMERICA AUFSC VEN GSH DLI TOTAL ------------------------------------------------------------------------------------------------------------------------- Current Securities due within one year $3,112 $0 $0 $1,236 $61,756 $66,104 Short term debt 658 658 Accounts payable 3,635 25 13 0 11 112 158 3,483 7,437 Dividends payable 0 0 0 289 289 Accrued interest 2,549 429 3 886 30 421 4,318 Accrued taxes (9,352) (260) 18 5 (639) (38) (95) (1,201) 699 (10,863) Other 3,217 139 87 0 0 53 75 6 510 4,087 -------------------------------------------------------------------------------------------------- 3,161 991 0 121 891 (639) 26 92 0 229 67,158 72,030 -------------------------------------------------------------------------------------------------- Long-Term Debt Inter-company borrowings 299,259 0 497 1,638 2,863 52,576 356,833 Other 6,132 191,955 142,500 43,253 0 9,717 393,557 -------------------------------------------------------------------------------------------------- 305,391 191,955 142,500 497 44,891 0 0 0 0 12,580 52,576 750,390 -------------------------------------------------------------------------------------------------- Deferred Credits and Other Liabilities Deferred income taxes 13,992 284 (8) 21,822 (860) (10) 34 (1,778) 3,321 36,797 Investment tax credits 0 Other 4,317 0 8,365 19,774 32,456 -------------------------------------------------------------------------------------------------- 18,309 284 0 (8) 21,822 (860) (10) 34 0 6,587 23,095 69,253 -------------------------------------------------------------------------------------------------- Preferred stock subject to mandatory redemption 372 372 -------------------------------------------------------------------------------------------------- Stockholder's Equity Common stock 8 1,000 1 1 763 3,712 11,297 10 16,792 Other paid-in capital 79,389 16,168 38,226 5,000 18,089 156,872 Allowance on marketable securities (46,478) (36,411) (1,624) (84,513) Retained earnings 57,968 79,194 (285) 1,107 13,198 (434) (860) (625) (9,740) 139,523 -------------------------------------------------------------------------------------------------- 90,887 59,951 0 (285) 1,108 49,801 329 2,852 5,000 10,672 8,359 228,674 -------------------------------------------------------------------------------------------------- TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $417,748 $253,181 $142,500 $325 $68,712 $48,674 $345 $2,978 $5,000 $30,068 $151,188 $1,120,719 ===================================================================================================== /TABLE Exhibit A page 13 of 15 DOMINION CAPITAL INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1994 (thousands) INTERCO. ELIMS. CONSOLI- DR CR DATED ------ ------ -------- Current Securities due within one year $66,104 Short term debt 658 Accounts payable $1,502 5,935 Dividends payable 289 0 Accrued interest 309 4,009 Accrued taxes $10,863 0 Other 4,087 --------------------------------- 2,100 10,863 80,793 --------------------------------- Long-Term Debt Inter-company borrowings 212,454 144,379 Other 393,557 --------------------------------- 212,454 0 537,936 --------------------------------- Deferred Credits and Other Liabilities Deferred income taxes 36,797 Investment tax credits 0 Other 0 32,456 --------------------------------- 0 0 69,253 --------------------------------- Preferred stock subject to mandatory redemption 0 372 --------------------------------- Stockholder's Equity Common stock 16,784 8 Other paid-in capital 77,483 79,389 Allowance on marketable securities 0 38,035 (46,478) Retained earnings 97,015 15,368 57,876 --------------------------------- 191,282 53,403 90,795 --------------------------------- TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $405,836 $64,266 $779,149 ================================== Exhibit A page 14 of 15 DOMINION CAPITAL, INC. CONSOLIDATING INCOME SATEMENT YEAR-TO-DATE DECEMBER 31, 1994
DOMINION VIDALIA LA. BLUE PROJECT CAPITAL RINCON AUDIT HYDRO RIDGE AUFSC AMERICA GSH ------------------------------------------------------------------------------------------- OPERATING REVENUES AND INCOME Interest income $4,076,863 $1,916,688 $6,814,282 $739,817 233 0 Dividend income 1,158,370 17,085,229 1,055,688 84,714 71 Gains and losses 9,481,203 600,455 126,347 0 Partnership income 6,983,600 0 0 0 Other income (1,512,538) 2,495 243,180 1,093,462 1,174,765 328,621 14,777,936 Dominion Lands revenues Equity earnings 20,225,341 ----------------------------------------------------------------------------------------------- 40,412,839 19,604,867 243,180 6,814,282 3,015,314 1,259,712 328,692 14,777,936 EXPENSES Contractural services 1,760,101 45,139 (164,521) 0 0 177,665 0 0 Administrative and general 4,229,586 563,623 450,975 50 2,130,412 996,440 348,712 12,995,410 Depreciation and amortization 1,511,791 322,995 3,816 59,496 287,197 159,338 5,284 334,795 Interest charges 15,378,714 13,348,939 19,987 5,406,102 2,230,784 0 0 926,700 Other taxes 630,114 10,858 13,748 102,927 1,227 17,992 11,913 0 Dominion Lands operating expenses ----------------------------------------------------------------------------------------------- 23,510,306 14,291,554 324,005 5,568,575 4,649,620 1,351,435 365,909 14,256,905 ----------------------------------------------------------------------------------------------- INCOME BEFORE PROVISION FOR INCOME TAXES 16,902,533 5,313,313 (80,825) 1,245,707 (1,634,306) (91,723) (37,217) 521,031 PROVISION FOR INCOME TAXES (6,075,846) (2,360,554) (28,602) 435,997 (11,995,059) (54,721) (12,453) (973,969) ----------------------------------------------------------------------------------------------- NET INCOME (LOSS) $22,978,379 $7,673,867 ($52,223) $809,710 $10,360,753 ($37,002) ($24,764) $1,495,000 =============================================================================================== /TABLE Exhibit A page 15 of 15 DOMINION CAPITAL, INC. CONSOLIDATING INCOME SATEMENT YEAR-TO-DATE DECEMBER 31, 1994
ELIMINATIONS CONSOLI- DR CR SUBTOTAL DLI DATED -------- ------ --------- ----- --------- OPERATING REVENUES AND INCOME Interest income $2,918,236 $10,629,647 $10,629,647 Dividend income 19,384,072 19,384,072 Gains and losses 10,208,005 10,208,005 Partnership income 6,983,600 6,983,600 Other income 0 16,107,921 16,107,921 Dominion Lands revenues 0 35,879,037 35,879,037 Equity earnings 20,225,341 0 0 ----------------------------------------------------------------------------- 23,143,577 0 63,313,245 35,879,037 99,192,282 EXPENSES Contractural services 1,818,384 1,818,384 Administrative and general 88,575 21,803,783 21,803,783 Depreciation and amortization 2,684,712 75,423 2,760,135 Interest charges 2,918,236 34,392,990 2,377,648 36,770,638 Other taxes 788,779 373,879 1,162,658 Dominion Lands operating expenses 38,956,366 38,956,366 ----------------------------------------------------------------------------- 88,575 2,918,236 61,488,648 41,783,316 103,271,964 ----------------------------------------------------------------------------- INCOME BEFORE PROVISION FOR INCOME TAXES 23,232,152 2,918,236 1,824,597 (5,904,279) (4,079,682) PROVISION FOR INCOME TAXES (165,575) (20,899,632) (2,062,596) (22,962,228) ----------------------------------------------------------------------------- NET INCOME (LOSS) $23,232,152 $2,752,661 $22,724,229 ($3,841,683) $18,882,546 ============================================================================= /TABLE EXHIBIT B. Financial Data Schedule If, at the time a report on this form is filed, the registrant is required to submit this report and any amendments thereto electronically via EDGAR, the registrant shall furnish a Financial Data Schedule. The Schedule shall set forth the financial and other data specified below that are applicable to the registrant on a consolidated basis. See Exhibit 27 filed herewith. Item No. Caption Heading 1 Total Assets 2 Total Operating Revenues 3 Net Income EXHIBIT C An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. ORGANIZATIONAL CHART DOMINION RESOURCES, INC. ________________________ | | (100%) | | DOMINION ENERGY, INC. _____________________ | | | _________________________________|_________________________________ | | | | 100% 100% 99.916% 99.916% | | | | DOMINION DOMINION ENERGY DOMINION GENERATING S.A. DOMINION ENERGY CENTRAL AMERICA, INC. | | MANAGEMENT SERVICES | 65% 60% ARGENTINA S.A. COMPANY, INC. 95% | | | PATAGONIA A.V. BELIZE ELECTRIC HOLDING S.A. HOLDING S.A. COMPANY LIMITED | | 59% 90% HIDROELECTRICA CENTRAL TERMICA CERROS ALTO VALLE S.A. COLORADOS S.A. EX-27 2
OPUR3 1,000,000 12-MOS DEC-31-1994 DEC-31-1994 PER-BOOK 13,562 3,453 478
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