-----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, Jj5lgjpPcywtOximeuHg2Xzr8dksfKVl7cV1y5tngySiaU9abJLAblfgohvYzuie M0cpuv0a5FO6gmHaqQoq0w== 0000008192-95-000009.txt : 19950302 0000008192-95-000009.hdr.sgml : 19950302 ACCESSION NUMBER: 0000008192-95-000009 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19941231 FILED AS OF DATE: 19950228 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATLANTIC CITY ELECTRIC CO CENTRAL INDEX KEY: 0000008192 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 210398280 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 1935 Act SEC FILE NUMBER: 069-00003 FILM NUMBER: 95516075 BUSINESS ADDRESS: STREET 1: 6801 BLACK HORSE PIKE CITY: PLEASANTVILLE STATE: NJ ZIP: 08232 BUSINESS PHONE: 6096454100 MAIL ADDRESS: STREET 1: PO BOX 1264 CITY: PLEASANTVILLE STATE: NJ ZIP: 08232 U-3A-2 1 Commission File No. 1-3559 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM U-3A-2 STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2 FROM THE PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 To be filed annually prior to March 1 ATLANTIC CITY ELECTRIC COMPANY Name of Company Hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935 and submits the following information: 1. Name, State of organization, location and nature of business of claimant and every subsidiary thereof, other than any exempt wholesale generator (EWG) or foreign utility company in which claimant directly or indirectly holds an interest. Atlantic City Electric Company ("Claimant"), organized under the laws of New Jersey on April 28, 1924, has its principal office at 6801 Black Horse Pike, Pleasantville, New Jersey 08232. Claimant is engaged principally in the business of furnishing electric service (involving generation, purchase, interchange, transmission and distribution of electric energy) to the public throughout the southern part of New Jersey. It serves an area having an estimated population exceeding 1,000,000. Claimant is a wholly-owned subsidiary of Atlantic Energy, Inc. (A) Deepwater Operating Company ("Deepwater"), organized under the laws of New Jersey on December 17, 1929, has its principal offices at 6801 Black Horse Pike, Pleasantville, New Jersey 08232. Deepwater operates the Deepwater Generating Station which is owned by Claimant and located in Salem County, New Jersey. Deepwater is a wholly-owned subsidiary of Claimant. 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 or pipelines which deliver or receive electric energy or gas at the borders of such State. The principal New Jersey properties of Claimant used for the generation, transmission and distribution of electric energy for sale consist of two steam electric generating stations: (1) B.L. England Generating Station, a station of 452 MW capacity located in Cape May County. (2) Deepwater Generating Station, a 239 MW capacity station located in Salem County and Seven combustion turbine stations: (1) Missouri Ave. Station, a 60 MW capacity station located in Atlantic County. (2) Middle Station, a 77 MW capacity station located in Cape May County. (3,4,5) Carlls Corner Station (73 MW), Cumberland Station (84 MW), and Sherman Ave.Station (81 MW), all located in Cumberland County. (6) Mickleton Station, a 59 MW capacity station located in Gloucester County. (7) Cedar Station, a 68 MW capacity station located in Ocean County. The Claimant also owns and maintains thirty-four transmission and sixty-four distribution substations as well as 11,652 transmission or distribution tower, pole, and underground miles located throughout its service territory which includes all of Atlantic, Cape May, Cumberland, and Salem Counties and portions of Burlington, Camden, Gloucester, and Ocean Counties. In addition to the New Jersey properties, Claimant owns or has ownership interests in the following: (1) A generating station of 1,700 MW capacity (Keystone Generating Station), located in Armstrong County, Pennsylvania, of which Claimant owns a 2.47% undivided interest as tenant in common with the following: Baltimore Gas and Electric Company Delmarva Power and Light Company Jersey Central Power and Light Company Pennsylvania Power and Light Company Philadelphia Electric Company (Now PECO Energy Company) Public Service Electric and Gas Company (2) A generating station of 1,700 MW capacity (Conemaugh Steam Electric Station), located in Indiana County, Pennsylvania, of which Claimant owns a 3.83% undivided interest as tenant in common with the following: Baltimore Gas and Electric Company Delmarva Power and Light Company Metropolitan Edison Company Pennsylvania Power and Light Company Philadelphia Electric Company (Now PECO Energy Company) Potomac Electric Power Company Public Service Electric and Gas Company The United Gas Improvement Company (3) An extra-high-voltage transmission line (Conemaugh- Conastone), of which Claimant owns an 8% undivided interest as tenant in common of that portion of the line traversing through 10 counties of Pennsylvania with the following: Baltimore Gas and Electric Company Delmarva Power and Light Company Metropolitan Edison Company Pennsylvania Power and Light Company Philadelphia Electric Company (Now PECO Energy Company) Potomac Electric Power Company Public Service Electric and Gas Company The United Gas Improvement Company (4) A nuclear generating station of 2,128 MW capacity (Peach Bottom Atomic Power Station), located in York County, Pennsylvania, of which Claimant owns a 7.51% undivided interest as tenant in common with the following: Delmarva Power and Light Company Philadelphia Electric Company (Now PECO Energy Company) Public Service Electric and Gas Company (5) A nuclear generating station of 2,212 MW capacity (Salem Nuclear Generating Station), located in Salem County, New Jersey, of which Claimant owns a 7.41% undivided interest as tenant in common with the following: Delmarva Power and Light Company Philadelphia Electric Company (Now PECO Energy Company) Public Service Electric and Gas Company (6) A nuclear generating station of 1,031 MW capacity (Hope Creek Nuclear Generating Station), located in Salem County, New Jersey, of which Claimant owns a 5% undivided interest as tenant in common with Public Service Electric and Gas Company. (7) Claimant owns a transmission line extending from Mantua Creek to the New Jersey-Pennsylvania border at the Delaware River, a distance of 9.7 miles, by means of which electric energy and capacity is interchanged (not sold or purchased) at the border of said states under an interconnection agreement between Claimant and Philadelphia Electric Company, now PECO Energy Company. Claimant owns as tenants in common a transmission line and switching station extending from Hope Creek Nuclear Generating Station to the New Jersey-Delaware border, a distance of 13 miles, by means of which electric energy and capacity is interchanged (not sold or purchased) under a transmission system agreement between Delmarva Power and Light Company, Jersey Central Power and Light Company, Philadelphia Electric Company, Public Service Electric and Gas Company and Claimant. Deepwater Deepwater, a wholly-owned subsidiary of Claimant, owns no utility plant. It operates generating units owned by Claimant. 3. The following information for the last calendar year with respect to claimant and each of its subsidiary public utility companies: FOR YEAR 1994 (A) Number of kwh. of electric energy sold (at retail or wholesale), and Mcf. of natural or manufactured gas distributed at retail. Claimant - 10,057,077,000 kwh. Deepwater - None (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. Claimant - None Deepwater - None (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. Claimant - 90,900,000,000 kwh. (a) Deepwater - None (a) kwh includes 67,000,000 kwh sold to PECO Energy,850,000 kwh sold to Consolidated Edison of New York, 21,700,000 kwh sold to ENRON, Houston, Texas and 1,350,000 sold to the Allegheny Power System, Pennsylvania. (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. Claimant - 3,291,266,000 kwh. (b) Deepwater - None (b) kwh includes 695,000 kwh purchased from Public Service Electric and Gas, 651,930,000 kwh purchased from Pennsylvania Power and Light, 2,177,652,000 kwh purchased from PECO Energy, 23,664,000 kwh purchased from the Allegheny Power System, Pennsylvania, 435,604,000 kwh purchased from Delaware Resource Management, Pennsylvania and 1,300,000 kwh purchased from ENRON, Houston, Texas. In 1994 Claimant received 392,807,000 interchanged energy and delivered 1,699,924,000 kwh. of interchanged energy pursuant to arrangements mentioned above. In 1994, Deepwater, as operator of the Deepwater Generating Station at Deepwater, New Jersey, delivered to Claimant, the owner of that station, 548,066,000 kwh. of electric energy. In addition, it furnished 42,904,000 kwh. to E. I. du Pont de Nemours and Company in accordance with the provisions of a contract covering the supply of steam, by-product electric energy and water to that company. 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: Claimant holds no interest, either directly or indirectly, in an EWG or a foreign utility company. (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. Non-applicable. (B) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest held. Non-applicable. (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. Non-applicable. (D) Capitalization and earnings of the EWG or foreign utility company during the reporting period. Non-applicable. (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). Non-applicable. EXHIBIT A A consolidating statement of income and surplus of the claimant and its subsidiary companies for the last calendar year, together with a consolidating balance sheet of claimant and its subsidiary companies as of the close of such calendar year. A consolidating statement of income and retained earnings of the Claimant and its subsidiary companies for the last calendar year, together with a consolidating balance sheet of Claimant and its subsidiary companies as of the close of December 31, 1994 are attached hereto and made a part hereof. EXHIBIT B 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. Item No. Caption Heading (thousands of dollars) 1 Total Assets 2,424,117 2 Total Operating Revenues 913,226 4 Net Income 93,174 EXHIBIT C An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding-company system. Non-applicable. The above-named Claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 28th day of February, 1995. ATLANTIC CITY ELECTRIC COMPANY By:/s/ J. E. Franklin, II J. E. Franklin, II Secretary and General Counsel CORPORATE SEAL ATTEST: /s/ Alfred J. Vola Alfred J. Vola Name, title and address of officer to whom notices and correspondence concerning this statement should be addressed: J. E. Franklin, II Secretary and General Counsel Atlantic City Electric Company 6801 Black Horse Pike Pleasantville, New Jersey 08232 200u1.wpd EX-99 2 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1994 (thousands of dollars) Atlantic City Electric Co. ASSETS Electric Utility Plant: In Service $2,348,873 Less Accumulated Depreciation 725,999 Net 1,622,874 Construction Work in Progress 110,078 Land Held for Future Use 6,941 Leased Property-Net 42,030 Electric Utility Plant-Net 1,781,923 Investment in Subsidiary Company 3,620 Nuclear Decommissioning Trust Fund 52,004 Nonutility Property 1,286 Other Investments and Funds 1,853 Total Nonutility Property and Investments 58,763 Current Assets: Cash and Temporary Investments 3,414 Accounts Receivable: Utility Service 54,554 Miscellaneous 13,307 Allowance for Doubtful Accounts (3,300) Accounts Receivable-Associated Companies 3,040 Unbilled Revenues 32,070 Fuel (at average cost) 28,030 Materials and Supplies (at average cost) 24,720 Working Funds 14,474 Other Prepayments 11,311 Deferred Income Taxes 15,991 Deferred Energy Costs 10,999 Total Current Assets 208,610 Deferred Debits: Unrecovered Purchased Power Costs 115,538 Recoverable Federal Income Taxes 85,854 Unrecovered State Excise Taxes 73,834 Unamortized Debt Costs 38,083 Other Regulatory Assets 45,441 Other 16,071 Total Deferred Debits 374,821 Total Assets $2,424,117 Page 1 of 8 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1994 (thousands of dollars) Atlantic City Electric Co. LIABILITIES & CAPITALIZATION: Capitalization: Common Equity: Common Stock $ 54,963 Premium on Capital Stock 231,081 Contributed Capital 262,749 Capital Stock Expense (2,300) Retained Earnings 249,767 Total Common Equity 796,260 Preferred Stock: Not Subject to Mandatory Redemption 40,000 Subject to Mandatory Redemption 149,250 Long Term Debt 763,288 Total Capitalization (Excluding Current Portion) 1,748,798 Current Liabilities: Preferred Stock Redemption Requirement 12,250 Capital Lease Obligations due within one year 928 Short Term Debt 8,600 Accounts Payable 65,528 Advances-Associated Companies - Accounts Payable-Associated Companies 1,518 Taxes Payable-Affiliates 9,537 Taxes Accrued 3,478 Interest Accrued 19,048 Dividends Declared 24,681 Deferred Taxes 3,850 Employees Separation Costs 26,600 Other 17,731 Total Current Liabilities 193,749 Deferred Credits and Other Liabilities: Deferred Income Taxes 350,697 Deferred Income Tax Credits 51,646 Capital Lease Obligations 41,102 Other 38,125 Total Deferred Credits and Other Liabilities 481,570 Total Liabilities and Capitalization $2,424,117 Page 2 of 8 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1994 (thousands of dollars) Deepwater Operating Company ASSETS Electric Utility Plant: In Service $ - Less Accumulated Depreciation - Net - Construction Work in Progress - Land Held for Future Use - Leased Property-Net - Electric Utility Plant-Net - Investment in Subsidiary Company - Nuclear Decommissioning Trust Fund - Nonutility Property - Other Investments and Funds - Total Nonutility Property and Investments - Current Assets: Cash and Temporary Investments 45 Accounts Receivable: Utility Service - Miscellaneous 128 Allowance for Doubtful Accounts - Accounts Receivable-Associated Companies 1,518 Unbilled Revenues - Fuel (at average cost) - Materials and Supplies (at average cost) 3,103 Working Funds 1 Other Prepayments 449 Deferred Income Taxes - Deferred Energy Costs - Total Current Assets 5,244 Deferred Debits: Unrecovered Purchased Power Costs - Recoverable Federal Income Taxes - Unrecovered State Excise Taxes - Unamortized Debt Costs - Other Regulatory Assets 1,614 Other - Total Deferred Debits 1,614 Total Assets $ 6,858 Page 3 of 8 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1994 (thousands of dollars) Deepwater Operating Company LIABILITIES & CAPITALIZATION: Capitalization: Common Equity: Common Stock $ 1 Premium on Capital Stock - Contributed Capital - Capital Stock Expense - Retained Earnings - Total Common Equity 1 Preferred Stock: Not Subject to Mandatory Redemption - Subject to Mandatory Redemption - Long Term Debt - Total Capitalization (Excluding Current Portion) 1 Current Liabilities: Preferred Stock Redemption Requirement - Capital Lease Obligations due within one year - Short Term Debt - Accounts Payable 104 Advances-Associated Companies 3,619 Accounts Payable-Associated Companies 671 Taxes Payable-Affiliates - Taxes Accrued 12 Interest Accrued - Dividends Declared - Deferred Taxes - Employees Separation Costs - Other 475 Total Current Liabilities 4,881 Deferred Credits and Other Liabilities: Deferred Income Taxes - Deferred Income Tax Credits - Capital Lease Obligations - Other 1,976 Total Deferred Credits and Other Liabilities 1,976 Total Liabilities and Capitalization $ 6,858 Page 4 of 8 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1994 (thousands of dollars) Elimination & Reclass Entries Debit (Credit) ASSETS Electric Utility Plant: In Service $ - Less Accumulated Depreciation - Net - Construction Work in Progress - Land Held for Future Use - Leased Property-Net - Electric Utility Plant-Net - Investment in Subsidiary Company 3,620 Nuclear Decommissioning Trust Fund - Nonutility Property - Other Investments and Funds - Total Nonutility Property and Investments 3,620 Current Assets: Cash and Temporary Investments - Accounts Receivable: Utility Service - Miscellaneous - Allowance for Doubtful Accounts - Accounts Receivable-Associated Companies 2,189 Unbilled Revenues - Fuel (at average cost) - Materials and Supplies (at average cost) - Working Funds - Other Prepayments - Deferred Income Taxes 3,850 Deferred Energy Costs - Total Current Assets 6,039 Deferred Debits: Unrecovered Purchased Power Costs - Recoverable Federal Income Taxes - Unrecovered State Excise Taxes - Unamortized Debt Costs - Other Regulatory Assets - Other - Total Deferred Debits - Total Assets $ 9,659 Page 5 of 8 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1994 (thousands of dollars) Elimination & Reclass Entries Debit (Credit) LIABILITIES & CAPITALIZATION: Capitalization: Common Equity: Common Stock $ 1 Premium on Capital Stock - Contributed Capital - Capital Stock Expense - Retained Earnings - Total Common Equity 1 Preferred Stock: Not Subject to Mandatory Redemption - Subject to Mandatory Redemption - Long Term Debt - Total Capitalization (Excluding Current Portion) 1 Current Liabilities: Preferred Stock Redemption Requirement - Capital Lease Obligations due within one year - Short Term Debt - Accounts Payable - Advances-Associated Companies 3,619 Accounts Payable-Associated Companies 2,189 Taxes Payable-Affiliates - Taxes Accrued - Interest Accrued - Dividends Declared - Deferred Taxes 3,850 Employees Separation Costs - Other - Total Current Liabilities 9,658 Deferred Credits and Other Liabilities: Deferred Income Taxes - Deferred Income Tax Credits - Capital Lease Obligations - Other - Total Deferred Credits and Other Liabilities - Total Liabilities and Capitalization $ 9,659 Page 6 of 8 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1994 (thousands of dollars) Atlantic City Electric Co. Consol. ASSETS Electric Utility Plant: In Service $2,348,873 Less Accumulated Depreciation 725,999 Net 1,622,874 Construction Work in Progress 110,078 Land Held for Future Use 6,941 Leased Property-Net 42,030 Electric Utility Plant-Net 1,781,923 Investment in Subsidiary Company - Nuclear Decommissioning Trust Fund 52,004 Nonutility Property 1,286 Other Investments and Funds 1,853 Total Nonutility Property and Investments 55,143 Current Assets: Cash and Temporary Investments 3,459 Accounts Receivable: Utility Service 54,554 Miscellaneous 13,435 Allowance for Doubtful Accounts (3,300) Accounts Receivable-Associated Companies 2,369 Unbilled Revenues 32,070 Fuel (at average cost) 28,030 Materials and Supplies (at average cost) 27,823 Working Funds 14,475 Other Prepayments 11,760 Deferred Income Taxes 12,141 Deferred Energy Costs 10,999 Total Current Assets 207,815 Deferred Debits: Unrecovered Purchased Power Costs 115,538 Recoverable Federal Income Taxes 85,854 Unrecovered State Excise Taxes 73,834 Unamortized Debt Costs 38,083 Other Regulatory Assets 47,055 Other 16,071 Total Deferred Debits 376,435 Total Assets $2,421,316 Page 7 of 8 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1994 (thousands of dollars) Atlantic City Electric Co. Consol. LIABILITIES & CAPITALIZATION: Capitalization: Common Equity: Common Stock $ 54,963 Premium on Capital Stock 231,081 Contributed Capital 262,749 Capital Stock Expense (2,300) Retained Earnings 249,767 Total Common Equity 796,260 Preferred Stock: Not Subject to Mandatory Redemption 40,000 Subject to Mandatory Redemption 149,250 Long Term Debt 763,288 Total Capitalization (Excluding Current Portion) 1,748,798 Current Liabilities: Preferred Stock Redemption Requirement 12,250 Capital Lease Obligations due within one year 928 Short Term Debt 8,600 Accounts Payable 65,632 Advances-Associated Companies - Accounts Payable-Associated Companies - Taxes Payable-Affiliates 9,537 Taxes Accrued 3,490 Interest Accrued 19,048 Dividends Declared 24,681 Deferred Taxes - Employees Separation Costs 26,600 Other 18,206 Total Current Liabilities 188,972 Deferred Credits and Other Liabilities: Deferred Income Taxes 350,697 Deferred Income Tax Credits 51,646 Capital Lease Obligations 41,102 Other 40,101 Total Deferred Credits and Other Liabilities 483,546 Total Liabilities and Capitalization $2,421,316 Page 8 of 8 Atlantic City Electric Company and Subsidiary Consolidated Statement of Income December 31, 1994 (thousands of dollars) Atlantic City Electric Co. Operating Revenues-Electric $ 913,226 Operating Expenses: Energy 210,891 Purchased Capacity 130,929 Operations 157,047 Maintenance 37,662 Depreciation and Amortization 73,344 State Excise Taxes 97,072 Federal Income Taxes 42,529 Other Taxes 10,757 Reimbursed Expenses* - Total Operating Expenses 760,231 Total Operating Income and Expense 152,995 Other Income and Expense: AFDC Equity Funds 3,634 Employee Separation Costs, Net of tax of $9,265 (17,335) Miscellaneous Income-Net 9,568 Total Other Income and Expense (4,133) Income Before Interest Charges 148,862 Interest Charges: Interest on Long Term Debt 57,346 Other Interest Expense 1,114 Total Interest Charges 58,460 Allowance for Borrowed Funds Used During Construction (2,772) Net Interest Charges 55,688 Preferred Dividends of Subsidiaries - Net Income $ 93,174 * The net production costs of Deepwater (after deducting charges to E.I. duPont DeNemours & Company through June 1994) are charged to the Company. These costs are included in the Company's income accounts and classified as appropriate. The operating expenses were apportioned and reimbursed as follows: E.I duPont deNemours & Company, Inc. $ 7,544 Atlantic City Electric Company 24,003 Total $ 31,547 Page 1 of 2 Atlantic City Electric Company and Subsidiary Consolidated Statement of Income December 31, 1994 (thousands of dollars) Deepwater Operating Company Operating Revenues-Electric $ - Operating Expenses: Energy 20,227 Purchased Capacity - Operations 5,976 Maintenance 4,250 Depreciation and Amortization - State Excise Taxes - Federal Income Taxes - Other Taxes 1,094 Reimbursed Expenses* (31,547) Total Operating Expenses - Total Operating Income and Expense - Other Income and Expense: AFDC Equity Funds - Employee Separation Costs, Net of tax of $9,265 - Miscellaneous Income-Net - Total Other Income and Expense - Income Before Interest Charges - Interest Charges: Interest on Long Term Debt - Other Interest Expense - Total Interest Charges - Allowance for Borrowed Funds Used During Construction - Net Interest Charges - Preferred Dividends of Subsidiaries - Net Income $ - Page 2 of 2 EX-27 3
OPUR3 YEAR DEC-31-1994 DEC-31-1994 PER-BOOK 2,421,316 913,226 93,174
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