-----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, RyTRGDBl/7tPN3ia6dMUEn78dK8HRO/jgOhvlfqPsUc93h6xhzWsrP1PjVjkg8tB JwokZ1XNhCb6vgUymKWNcQ== 0000715957-97-000029.txt : 19970528 0000715957-97-000029.hdr.sgml : 19970528 ACCESSION NUMBER: 0000715957-97-000029 CONFORMED SUBMISSION TYPE: U-3A-2/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970527 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/A SEC ACT: 1935 Act SEC FILE NUMBER: 069-00278 FILM NUMBER: 97614170 BUSINESS ADDRESS: STREET 1: 901 E BYRD ST, WEST TOWER STREET 2: P O BOX 26532 CITY: RICHMOND STATE: VA ZIP: 23219 BUSINESS PHONE: 8047755700 MAIL ADDRESS: STREET 1: P O BOX 26532 STREET 2: 901 EAST BYRD STREET CITY: RICHMOND STATE: VA ZIP: 23261 U-3A-2/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM U-3A-2/A File No. 69-278 FOR FISCAL YEAR ENDED DECEMBER 31, 1996 Amendment No. 1 to Statement by Holding Company Claiming Exemption Under Rule U-3A-2 from the Provisions of the Public Utility Holding Company Act of 1935. DOMINION RESOURCES, INC. (Name of company) Name, title, and address of officer to whom notices and correspondence concerning this amendment should be addressed: James L. Trueheart, Vice President and Controller (Name) (Title) 901 East Byrd Street P. O. Box 26532 Richmond, Virginia 23261-6532 The undersigned hereby files Amendment No. 1 to Form U-3A-2 as follows: Exhibit A to Form U-3A-2 (dated February 28, 1997) is hereby amended to include the Consolidating Financial Statements for Dominion Energy, Inc., Dominion Capital, Inc. and Dominion Resources, Inc. as shown on the attached Amendment No. 1 to Exhibit A. SIGNATURE The company has caused this Amendment No. 1 to Form U-3A-2 to be duly executed on its behalf by its authorized officer on the 27th day of May, 1997. DOMINION RESOURCES, INC. BY: /s/JAMES L. TRUEHEART James L. Trueheart Corporate Seal Vice President and Controller Attest: BY: /s/PATRICIA A. WILKERSON Patricia A. Wilkerson Corporate Secretary DOMINION ENERGY, INC. Exhibit A CONSOLIDATING INCOME STATEMENT Amendment No. 1 YEAR-TO-DATE ENDED DECEMBER 31, 1996 Page 1 of 7
COMBINED COMBINED COMBINED CONSOLIDATED DOMINION DOMESTIC FOREIGN OIL DOMINION ENERGY COGEN COGEN AND GAS ELIMINATIONS ENERGY Revenues: $62,296,260 $14,384,236 $118,196,779 $130,142,097 ($57,896,460) $267,122,912 62,296,260 14,384,236 118,196,779 130,142,097 (57,896,460) 267,122,912 Expenses: Operating expenses 0 0 47,708,368 55,746,626 103,454,994 Contractual services 1,183,391 176,141 1,115,652 2,612,890 5,088,074 Administrative and general 13,267,229 2,994,449 4,991,536 4,832,639 26,085,853 Depreciation and amortization 371,864 76,012 21,167,053 48,285,261 69,900,190 Interest charges 20,635,642 2,412,435 13,514,638 14,152,417 (20,854,038) 29,861,094 Other taxes 797,923 458,329 4,701,647 5,681,881 4,249,446 15,889,226 Minority interest 0 12,154,977 156,515 1,075,019 13,386,511 36,256,049 6,117,366 105,353,871 131,468,229 (15,529,573) 263,665,942 Income before provision for income taxes 26,040,211 8,266,870 12,842,908 (1,326,132) (42,366,887) 3,456,970 Provision for income taxes (6,052,543) 1,114,084 4,249,446 (24,397,325) (4,004,446) (29,090,784) Net income (loss) $32,092,754 $7,152,786 $8,593,462 $23,071,193 ($38,362,441) $32,547,754 Retained earnings at Jan. 1, 1996 63,151,320 2,951,492 7,934,402 62,758,782 (72,539,676) 64,256,320 Net income (loss) 32,092,754 7,152,786 8,593,462 23,071,193 (38,362,441) 32,547,754 Dividends (43,330,631) (43,330,631) Other 508,832 (75,272) 310,731 1,161,354 (1,396,813) 508,832 Retained earnings at Dec 31, 1996 $52,422,275 $10,029,006 $16,838,595 $86,991,329 ($112,298,930) $53,982,275
Exhibit A Amendment No. 1 Page 2 of 7 DOMINION ENERGY, INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1996 (THOUSANDS)
COMBINED COMBINED COMBINED CONSOLIDATED DOMINION DOMESTIC FOREIGN OIL DOMINION ENERGY COGEN COGEN AND GAS ELIMINATIONS ENERGY ASSETS Current Assets Cash & cash equivalents $109 $6 $32,277 $1,348 $33,740 Accounts receivable 3,517 5,748 35,385 43,567 ($3,945) 84,272 Interest receivable 2,288 279 0 158 (1,807) 918 Notes receivable 12,702 0 0 3,000 (12,502) 3,200 Other 2,078 81 12,148 18,295 32,602 20,694 6,114 79,810 66,368 (18,254) 154,732 Investments Investment in subsidiaries 590,921 92,355 0 0 (590,921) 92,355 Investment in partnerships 100,576 13,437 0 8,335 122,348 Intercompany advances 295,749 14,604 0 9,154 (319,507) 0 Other 27,951 4,141 59,296 7,118 (14,195) 84,311 1,015,197 124,537 59,296 24,607 (924,623) 299,014 Properties, Plant and Equipment 1,740 0 869,229 492,376 1,363,345 Less: accumulated dep & amort 693 0 235,083 125,633 361,409 1,047 0 634,146 366,743 0 1,001,936 Deferred Charges and Other Assets Other 157 0 110,179 10,886 121,222 157 0 110,179 10,886 121,222 Total Assets $1,037,095 $130,651 $883,431 $468,604 ($942,877) $1,576,904
Exhibit A Amendment No. 1 Page 3 of 7
DOMINION ENERGY, INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1996 (THOUSANDS) COMBINED COMBINED COMBINED CONSOLIDATED DOMINION DOMESTIC FOREIGN OIL DOMINION ENERGY COGEN COGEN AND GAS ELIMINATIONS ENERGY LIABILITIES Current liabilities Accounts payable $1,145 $76 $14,982 $20,794 ($3,945) $33,052 Securities due within one year 22,500 22,500 Short-term debt 0 0 70,256 0 (12,502) 57,754 Interest accrued 6,008 163 2,994 3,176 (4,534) 7,807 Taxes accrued (400) (587) 735 1,392 1,140 Other 2,777 641 3,332 591 7,341 9,530 293 92,299 25,953 1,519 129,594 Long-term Debt Intercompany borrowings 131,261 42,390 26,287 253,359 (345,794) 107,503 Other 355,000 0 85,487 0 (22,500) 417,987 486,261 42,390 111,774 253,359 (368,294) 525,490 Deferred Credits & Other Liab. Deferred income taxes 52,766 7,518 4,285 57,470 840 122,879 Minority interest 0 0 279,018 1,584 12,419 293,021 Other 398 10,897 579 4,476 16,350 53,164 18,415 283,882 63,530 13,259 432,250 Total Liabilities 548,955 61,098 487,955 342,842 (353,516) 1,087,334 COMMON STOCKHOLDER'S EQUITY Common stock 208 35,015 58,825 0 (93,840) 208 Other paid-in capital 434,998 24,509 319,811 38,902 (383,222) 434,998 Accumulated translation adjustments (130) (130) Valuation allowance 512 0 0 0 512 Retained earnings 52,422 10,029 16,840 86,990 (112,299) 53,982 Total Common Stockholder's Equity 488,140 69,553 395,476 125,762 (589,361) 489,570 Total Liab.&Stockholder's Equity$1,037,095 $130,651 $883,431 $468,604 ($942,877) $1,576,904
DOMINION CAPITAL, INC. Exhibit A CONSOLIDATING INCOME STATEMENT Amendment No. 1 YEAR-TO-DATE DECEMBER, 1996 Page 4 of 7 (in thousands)
DOMINION DOMINION REAL ESTATE & FINANCIAL CAPITAL CAPITAL INVESTMENTS SERVICES ELIMINATIONS CONSOLIDATED OPERATING REVENUES AND INCOME $48,775 $102,241 $67,401 ($32,113) $186,304 EXPENSES Administrative and general 7,551 13,120 11,880 (71) 32,480 Depreciation and amortization 1,345 2,692 2,798 0 6,836 Interest charges 16,665 24,342 10,304 (6,838) 44,473 Other taxes 534 965 1,156 0 2,655 Real estate operations 0 68,235 0 0 68,235 Captilized project epenses 0 (4,111) 0 0 (4,111) 26,095 105,243 26,138 (6,909) 150,566 INCOME BEFORE PROVISION FOR INCOME TAXES 22,680 (3,002) 41,263 (25,204) 35,737 PROVISION FOR INCOME TAXES (5,564) (1,864) 14,520 118 7,210 NET INCOME (LOSS) $28,244 ($1,138) $26,743 ($25,322) $28,527 Retained Earnings at Jan. 1, 1996 52,044 79,414 5,178 (84,699) 51,937 Net Income (Loss) 28,244 (1,138) 26,743 (25,322) 28,527 Deduct Dividends (30,682) 0 0 0 (30,682) Other 0 (1) 0 501 500 Retained Earnings at Dec. 31, 1996 $49,606 $78,275 $31,921 ($109,520) $50,282
Exhibit A Amendment No. 1 Page 5 of 7 DOMINION CAPITAL INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1996 (in thousands)
DOMINION DOMINION REAL ESTATE FINANCIAL CAPITAL ASSETS CAPITAL & INVESTMENTS SERVICES ELIMINATIONS CONSOLIDATED Current Cash and equivalents $1,015 $7,142 $1,405 $0 $9,562 Accounts receivable 184 10,035 0 (1,904) 8,315 Dividends receivable 33 1,620 0 1,653 Interest receivable 524 9,162 495 (781) 9,400 Short-term investments 4,472 0 0 4,472 Mtg loans in warehouse 0 0 65,825 65,825 Other 111 3,068 26,872 30,051 6,339 31,027 94,597 (2,685) 129,278 Investments Inv. in subsidiaries 582,453 0 78,996 (418,634) 242,815 Intercompany advances 148,374 90,312 (238,686) 0 Marketable securities 27,368 263,269 58,500 349,137 Invest. in real estate 18,053 89,615 107,668 Other 36,117 84,273 8,610 129,000 812,365 527,469 146,106 (657,320) 828,620 Property, Plant and Equipment 741 34,669 6,264 41,674 Less accumulated deprec and amortization 198 9,963 1,901 12,062 543 24,706 4,363 0 29,612 Deferred & Other Assets 544 54,255 55,065 4,211 114,075 544 54,255 55,065 4,211 114,075 TOTAL ASSETS $819,791 $637,457 $300,131 ($655,794) $1,101,585
DOMINION CAPITAL INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1996 Exhibit A (in thousands) Amendment No. 1 Page 6 of 7
DOMINION LIABILITIES AND DOMINION REAL ESTATE FINANCIAL CAPITAL STOCKHOLDERS' EQUITY CAPITAL & INVESTMENTS SERVICES ELIMINATIONS CONSOLIDATED Current Sec. due within one year $25,020 $1,587 $66,689 $93,296 Accounts payable 1,552 4,400 0 (1,904) 4,048 Accrued interest 2,702 2,523 1,477 (1,981) 4,721 Accrued taxes 369 877 1,044 2,290 Other 1,787 3,570 1,756 7,113 31,430 12,957 70,966 (3,885) 111,468 Long-Term Debt Inter-company borrowings 318,770 50,758 41,039 (238,686) 171,881 Other 84,000 268,815 37,736 390,551 402,770 319,573 78,775 (238,686) 562,432 Deferred Credits and Other Liabilities Deferred income taxes 22,032 30,471 (2,355) 420 50,568 Other 1,882 12,879 0 14,761 23,914 43,350 (2,355) 420 65,329 Stockholder's Equity Common stock 8 14,671 0 (14,671) 8 Other paid-in capital 313,394 167,797 120,824 (288,618) 313,397 Allowance on marketable securities (1,331) 834 0 (834) (1,331) Retained earnings 49,606 78,275 31,921 (109,520) 50,282 361,677 261,577 152,745 (413,643) 362,356 TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $819,791 $637,457 $300,131 ($655,794) $1,101,585
DOMINION RESOURCES, INC., CONSOLIDATING STATEMENT OF RETAINED EARNINGS, DECEMBER 31, 1996 Exhibit A Amendment No. 1 Page 7 of 7
DOMINION DOMINION DOMINION DOMINION UK HOLDING VIRGINIA DESCRIPTION RESOURCES CAPITAL ENERGY INC. POWER ELIMINATIONS CONSOLIDATED Retained earnings at Jan. 1, 1996 $1,431,169 $51,938 $64,256 $0 $1,272,470 ($1,392,264) $1,427,569 Net income 472,114 28,527 32,548 (315) 421,799 (482,559) 472,114 Dividends (460,060) (30,682) (43,331) (385,830) 459,843 (460,060) Other (2,214) 499 509 (56) (473) (1,735) Retained earnings, Dec. 31, 1996 $1,441,009 $50,282 $53,982 ($315)$1,308,383 ($1,415,453) $1,437,888
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