-----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, QvNE5KK5b4GlEdpcjJhYi4YUc5Hi0TszXzr8v9s8oVWPgwtpw5qFYp2z7uatRhNQ /gAtfTNFFAuo/yGhHebs2w== 0000823392-98-000002.txt : 19980302 0000823392-98-000002.hdr.sgml : 19980302 ACCESSION NUMBER: 0000823392-98-000002 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980227 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: NIPSCO INDUSTRIES INC CENTRAL INDEX KEY: 0000823392 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 351719974 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: SEC FILE NUMBER: 069-00340 FILM NUMBER: 98551479 BUSINESS ADDRESS: STREET 1: 5265 HOHMAN AVE CITY: HAMMOND STATE: IN ZIP: 46320 BUSINESS PHONE: 2198535200 MAIL ADDRESS: STREET 1: 5265 HOHMAN AVENUE CITY: HAMMOND STATE: IN ZIP: 46320-1775 U-3A-2 1 FORM U-3A-2 File No. 69-340 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. Statement by Holding Company Claiming Exemption Under Rule U-2 from Provisions of the Public Utility Holding Company Act of 1935 To be filed annually prior to March 1 NIPSCO Industries, Inc. (Name of Company) hereby files with the Securities and Exchange Commission, pursuant to Rule U-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. Information below is as of December 31, 1997.
State of Name of Company Organization Location Nature of Business ====================== ============= ================= ===================== NIPSCO Industries, Inc. Indiana Merrillville, Holding company Indiana NIPSCO Industries Indiana Merrillville, Management services Management Services Indiana Company Hamilton Harbour Indiana Hammond, Indiana Captive insurance Insurance Services, program Ltd. NI Telecomm, Inc. Indiana Merrillville, Inactive Indiana Crossroads Pipeline Indiana Hammond, Indiana Interstate gas Company transmission NIPSCO Capital Markets, Indiana Hammond, Indiana Funding agent for Inc. all subsidiaries other than Northern Indiana Public Service Company NEM Acquisition Indiana Merrillville, Holding Company Corporation Indiana IWC Resources Indiana Indianapolis, Holding company Corporation Indiana Indianapolis Water Indiana Indianapolis, Water company Company (1) Indiana Harbour Water Indiana Indianapolis, Water company Corporation (1) Indiana Utility Data Indiana Indianapolis, Provides customer Corporation (1) Indiana billing and data processing services IWC Services, Inc. Indiana Indianapolis, Majority partner (1) Indiana in wastewater treatment facilities White River Indiana Indianapolis, Operator of waste- Environmental Indiana water treatment Partnership(2) plants Waterway Holdings, Inc. Indiana Indianpolis, Real-estate (1) Indiana development SM&P Utility Resources, Indiana Indianapolis, Provides utility Inc. (1) Indiana locate and marking services Miller Pipeline Indiana Indianapolis, Pipeline Corporation (1) Indiana construction Primary Energy, Inc. Indiana Hammond, Indiana Arranges energy- related projects Harbor Coal Company (3) Indiana Hammond, Indiana Coal pulverization project company Lakeside Energy Indiana Merrillville, Electric generator Corporation (3) Indiana project company North Lake Energy Indiana Merrillville, Electric generation Corporation (3) Indiana project company Portside Energy Indiana Merrillville, Power generation Corporation (3) Indiana project company Cokenergy, Inc. (3) Indiana Merrillville, Power generation Indiana project company Northern Indiana Public Indiana Hammond, Indiana Electric and Service Company gas utility NIPSCO Exploration Indiana Hammond, Indiana Gas exploration Company, Inc. (4) investment in off-shore Gulf of Mexico oil and gas leases Shore Line Shops, Indiana Hammond, Indiana Real estate Incorporated (4) purchase and sale of transferred employees residences NIPSCO Energy Services, Indiana Hammond, Indiana Holding company for Inc. energy-related diversified projects and subsidiaries Market Hub Partners, Delaware Lansdowne, Natural gas L.P. (5) Virginia storage Inventory Management and Texas Houston, Texas Energy risk Distribution Company, management L.L.C. (6) and gas storage optimization NIPSCO Energy Trading Indiana Hammond, Indiana Gas and other Corp. (7) energy brokering businesses NIPSCO Fuel Company, Indiana Hammond, Indiana Investments in Inc. (7) gas and oil ventures Bristol Resources Delaware Tulsa, Oklahoma Oil and gas Production Company, exploration L.L.C.(8) and production NFCO Acquisition Company Texas Dallas, Texas Investment in (9) gas and oil properties NI-TEX, Inc. (7) Indiana Hammond, Indiana Gas supply and transportation Laredo Nueces Pipeline Texas Dallas, Texas Intrastate gas Company (24) pipeline company Midtex Gas Storage Texas Matagorda Gas storage and Company, L.L.P. (25) County, Texas intrastate pipeline company NESI Energy Marketing, Indiana Merrillville, Marketing of natural L.L.C. (11) (12) Indiana gas energy and energy services Green Fuels, Inc. (7) Indiana Merrillville, Alternative Indiana fuels Parkway Engineering and Indiana Merrillville, Commercial Distributing Company, Indiana Lighting Inc. (7) NESI Power Marketing, Indiana Merrillville, Electric Inc. (7) Indiana brokering NESI Integrated Energy Indiana Merrillville, Retail gas Resources, Inc. (7) Indiana marketing NESI Energy Services Indiana Merrillville, Energy Company (7) Indiana consulting NIPSCO Energy Services Alberta Calgary, Holding company Canada Limited (7) Alberta Southlake Energy, Inc. Alberta Calgary, Alberta Development and (10) investment in gas and oil properties in western Canada NESI Energy Marketing Alberta Calgary, Alberta Inactive Canada, Ltd. (13) (In bankruptcy) Triumph Natural Gas, Inc. Delaware Dallas, Texas Inactive (14) NIPSCO Development Indiana Hammond, Indiana Holding company Company, Inc. (including real estate development investments) Analytic Systems Indiana Hobart, Indiana Fluid filtration Laboratories, Inc. (15) systems Protonics Research, Inc. Indiana Merrillville, Energy research (15) Indiana and development FuelMaker Corporation (16) Canada Toronto, Canada Vehicle fueling G. R. Clark Corporation Indiana Hobart, Indiana Inactive (17) International Polymer Indiana Merrillville, Inactive Corp. (17) Indiana JOF Transportation Indiana Hammond, Indiana Rail freight Company (17) venture KOGAF Enterprises, Inc. Indiana Kokomo, Indiana Real estate (17) investments Lake Erie Land Company Indiana Hammond, Indiana Development (17) of commercial and residential real estate SCC Services, Inc. (18) Indiana Hammond, Indiana Operation of golf course N Squared Aviation, Delaware Griffith, Aircraft LLC (19) Indiana leasing NDC Douglas Properties, Indiana Hammond, Indiana Affordable Inc. (17) housing projects NIPSCO International Indiana Hammond, Indiana Inactive Power Systems Company(17) NIPSCO Security Services, Indiana Hammond, Indiana Security services Inc. (17) RIC, Inc. (17) Indiana Hammond, Indiana Consulting services for customer information systems Cardinal Property Indiana Hammond, Indiana Building and Management, Inc. (20) property management Riverside Caloric Company Indiana Hammond, Indiana Inactive (17) Progeni, Inc. Illinois Chicago, Energy product (17) Illinois development Sun Power California Sunnyvale, Silicon-based Corporation (23) California semiconductor products Kokomo Gas and Fuel Indiana Kokomo, Indiana Gas utility Company KGF Trading Indiana Kokomo, Indiana Gas brokering Company (22) Northern Indiana Fuel and Indiana Auburn, Indiana Gas utility Light Company, Inc. Northern Indiana Trading Indiana Auburn, Indiana Gas brokering Company (21) (1) Wholly-owned subsidiary of IWC Resources Corporation. (2) Majority-owned interest of IWC Services, Inc. (3) Wholly-owned subsidiary of Primary Energy, Inc. (4) Wholly-owned subsidiary of Northern Indiana Public Service Company. (5) Minority-owned partnership of NIPSCO Energy Services, Inc. (6) Minority-owned interest of NIPSCO Energy Services, Inc. (7) Wholly-owned subsidiary of NIPSCO Energy Services, Inc. (8) Majority-owned interest of NIPSCO Fuel Company, Inc. (9) Wholly-owned subsidiary of NIPSCO Fuel Company, Inc. (10) Wholly-owned subsidiary of NIPSCO Energy Services Canada Limited. (11) Majority-owned interest of NIPSCO Energy Services, Inc. (12) Minority-owned interest of NEM Acquisision Corporation. (13) Majority-owned subsidiary of NIPSCO Energy Services Canada Limited. (14) Majority-owned subsidiary of NIPSCO Energy Services, Inc. (15) Majority-owned subsidiary of NIPSCO Development Company, Inc. (16) 50% owned subsidiary of NIPSCO Energy Services Canada Limited. Sold January 1998. (17) Wholly-owned subsidiary of NIPSCO Development Company, Inc. (18) Wholly-owned subsidiary of Lake Erie Land Company. (19) Minority-owned interest of NIPSCO Development Company, Inc. (20) Wholly-owned subsidiary of RIC, Inc. (21) Wholly-owned subsidiary of Northern Indiana Fuel and Light Company, Inc. (22) Wholly-owned subsidiary of Kokomo Gas and Fuel Company. (23) Minority-owned subsidiary of NIPSCO Development Company, Inc. (24) 50% owned interest of NI-TEX, Inc. (25) Minority-owned interest of NI-TEX, Inc.
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 claimant, NIPSCO Industries, Inc. (Industries), owns no physical properties. All the physical properties of Northern Indiana Public Service Company (Northern Indiana), Kokomo Gas and Fuel Company (Kokomo Gas) and Northern Indiana Fuel and Light Company, Inc. (NIFL) are located in the State of Indiana. Crossroads Pipeline Company (Crossroads)owns a 202-mile natural gas interstate pipeline running from northwest Indiana to Cygnet, Ohio. Northern Indiana Public Service Company. Northern Indiana is a public utility operating company engaged in supplying natural gas and electrical energy to the public. It operates in 30 counties in the northern part of Indiana, serving an area of about 12,000 square miles with a population of approximately 2.2 million. Northern Indiana, at December 31, 1997, served approximately 662,500 customers with gas and approximately 416,300 with electricity. ELECTRIC. Northern Indiana owns and operates four electric generating stations using fossil fuels with net capability of 3,179,000 kilowatts (kw), two hydroelectric generating plants with rated net capabilities of 10,000 kw,four gas fired combustion turbine generating units with net capabilities of 203,000 kw, for a total system capacity of 3,392,000 kw. All of Northern Indiana's generating units are located in Northwest Indiana. Northern Indiana has 292 substations with an aggregate transformer capacity of 23,030,500 KVA. Its transmission system with voltages from 34,500 to 345,000 consists of approximately 3,053 circuit miles of line. The electric distribution system extends into 21 counties and consists of approximately 7,835 circuit miles of overhead and approximately 1,440 cable miles of underground primary distribution lines operating at various voltages from 2,400 to 12,500 volts. GAS. In 1997, all of the gas supplied by Northern Indiana was transported by ANR Pipeline Company (ANR), Crossroads, Midwestern Gas Transmission Company (Midwestern), Natural Gas Pipeline Company of America (Natural), Panhandle Eastern Pipe Line Company (Panhandle), Tennessee Gas Pipeline Company (Tennessee), and Trunkline Gas Company (Trunkline). Approximately 69% of Northern Indiana's 1997 gas supply was purchased on the spot market, generally on less than 30-day agreements. The transportation rates of Crossroads, and the transportation and storage rates of ANR, Midwestern, Natural, Panhandle, Tennessee, and Trunkline to Northern Indiana are subject to change in accordance with rate proceedings filed with the Federal Energy Regulatory Commission (FERC). Northern Indiana has in operation an underground gas storage field at Royal Center, Indiana, which currently has a storage capacity of 6.75 billion cubic foot (Bcf). In addition, Northern Indiana has several gas storage service agreements which make possible the withdrawal of substantial quantities of gas from other storage facilities. All of the storage agreements have limitations on the daily withdrawal volumes and the timing thereof. Northern Indiana has a liquefied natural gas plant in LaPorte County, Indiana, which is designed for peak shaving and has the following capacities: maximum storage of 4.0 Bcf; maximum liquefaction rate (gas to liquid), 20,000 Mcf per day; maximum vaporization rate (output to distribution system), 300,000 Mcf per day. Northern Indiana has approximately 13,368 miles of gas mains. OTHER PROPERTIES. Northern Indiana owns offices and service buildings, salesrooms, garages, repair shops, motor vehicles, construction equipment and tools, and office furniture and equipment, and also leases offices in various localities. It also owns miscellaneous parcels of real estate not now used in utility operations. Kokomo Gas and Fuel Company. Kokomo Gas is a public utility operating company which provides natural gas and natural gas transportation services to approximately 33,500 customers at December 31, 1997. Kokomo's service territories include all of Howard County, and parts of Carroll, Cass, Clinton, Miami, and Tipton Counties in Indiana. Kokomo's service area has a population in excess of 100,000 people and includes 23 cities, towns, and communities. Kokomo Gas purchased gas on the spot market from NI-TEX, Inc. and NESI Energy Marketing L.L.C., subsidiaries of NIPSCO Energy Services, Inc., to satisfy all of its system requirements in 1997. Kokomo Gas has a liquefied natural gas plant in Howard County which has the following capacities: maximum storage of 400,000 Mcf; maximum liquefication rate (gas to liquid), 2,850 Mcf per day; maximum vaporization rate (output to distribution system), 30,000 Mcf per day. Kokomo Gas also has a gas holder with a storage capacity of 12,000 Mcf. Kokomo Gas has approximately 752 miles of gas mains. Northern Indiana Fuel and Light Company, Inc. NIFL is a public utility operating company which provides natural gas and natural gas transportation services to approximately 33,400 customers at December 31, 1997. NIFL's service territories include all of DeKalb and Steuben, and parts of Allen, LaGrange, and Noble Counties in Indiana. NIFL's service area has a population in excess of 66,700 people and includes 22 cities, towns, and communities. NIFL purchased gas on the spot market from a number of suppliers including NI-TEX, Inc. and NESI Energy Marketing L.L.C., subsidiaries of NIPSCO Energy Services, Inc., to satisfy all of its system requirements in 1997. NIFL has approximately 809 miles of gas mains. Crossroads Pipeline Company. Crossroads Pipeline Company is a 20-inch interstate, natural gas pipeline that extends from near the Illinois-Indiana state line east 202 miles to Cygnet, Ohio. 3. The following information for the year 1997 with respect to claimant and each of its subsidiary public utility companies: (a) Number of Kwh of electric energy sold (at retail or wholesale) and Mcf of natural or manufactured gas distributed at retail.
Total Electric Retail Gas Sales Distributed Company (Kwh) (Mcf) =============================== =============== ============= Northern Indiana Public Service Company 15,992,164,572 292,636,881 Kokomo Gas and Fuel Company NONE 8,747,477 Northern Indiana Fuel and Light Company, Inc. NONE 10,845,988
(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. 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.
Electric Sales Gas Sales Company (Kwh) (Mcf) =============================== ============== ============= Northern Indiana Public Service Company 861,802,000 4,130,675 Kokomo Gas and Fuel Company NONE NONE Northern Indiana Fuel and Light Company, Inc. NONE NONE
(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.
Electric Purchases Gas Purchases Company (Kwh) (Mcf) =============================== =============== ============= Northern Indiana Public Service Company 950,817,427 113,693,697 Kokomo Gas and Fuel Company NONE NONE Northern Indiana Fuel and Light Company, Inc. NONE NONE
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. Elm Energy and Recycling (UK) Ltd. ("Elm Energy"), an exempt wholesale generator, is a whole tires-to-energy facility whose registered address is Elm Energy House, Ettinshall Road, Wolverhampton WV22LA, England. The facility incinerates waste tires, raises steam and generates electricity for export to the grid. (b) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest held. Development holds a 85% equity ownership position in Elm Energy. (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. Industries invested $23,121,000 for Ordinary Shares of Elm Energy indirectly through Development. Industries has provided no guarantees nor is there any debt having recourse to Industries. (d) Capitalization and earnings of the EWG or foreign utility company during the reporting period.
Elm Energy and Recycling (UK) Ltd. 1997 (In thousands) ===================================== ============ Capitalization at December 31, 1997: Shareholders' equity $ (128) Long-term debt 0 -------- Total $ (128) ======= Net (loss) $ (1,060) =======
(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). Pursuant to the Engineering Services Agreement dated June 22, 1994 between Elm Energy and Development, Development has agreed to provide personnel to supervise the engineering operations and planning related to the Whole Tyre Recycling Facility at Wolverhampton. Development is to be paid 250,000 pounds sterling yearly for these services with invoicing quarterly in arrears. During 1997, Development earned $407,684 for these services. EX-27 2
OPUR3 This schedule contains summary financial information extracted from the financial statements of NIPSCO Industries, Inc. for twelve months ended December 31, 1997, and is qualified in its entirety by reference to such financial statements. 1,000 12-MOS DEC-31-1997 JAN-01-1997 DEC-31-1997 PER-BOOK 4,937,033 2,586,541 190,849
EX-99 3 Exhibit 99.A (EXHIBIT A) December 31, 1997 ORGANIZATION CHART A.1 NIPSCO Industries, Inc. A.2 NIPSCO Industries Management Services Company INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.3 Hamilton Harbour Insurance Services, Ltd. A.4 NI Telecomm, Inc. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.5 Crossroads Pipeline Company A.6 NIPSCO Capital Markets, Inc. A.7 NEM Acquisition Corporation A.8 IWC Resources Corporation A.9 Indianapolis Water Company A.10 Harbour Water Corporation A.11 Utility Data Corporation A.12 IWC Services, Inc. A.13 White River Environmental Partnership BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.14 Waterway Holdings, Inc. A.15 SM&P Utility Resources, Inc. A.16 Miller Pipeline Corporation A.17 Primary Energy, Inc. A.18 Harbor Coal Company A.19 Lakeside Energy Corporation A.20 North Lake Energy Corporation A.21 Portside Energy Corporation A.22 Cokenergy, Inc. INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.23 Northern Indiana Public Service Company A.24 NIPSCO Exploration Company, Inc. A.25 Shore Line Shops, Incorporated A.26 NIPSCO Energy Services, Inc. A.27 Market Hub Partners, L.P. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.28 Inventory Management and Distribution Company, L.L.C. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.29 NIPSCO Energy Trading Corp. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.30 NIPSCO Fuel Company, Inc. A.31 Bristol Resources Production Company L.L.C. A.32 NFCO Acquisition Company A.33 NI-TEX, Inc. A.34 Laredo Nueces Pipeline Company BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.35 Midtex Gas Storage Company, L.L.P. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.36 NESI Energy Marketing, L.L.C. A.37 Green Fuels, Inc. A.38 Parkway Engineering and Distributing Company, Inc. A.39 NESI Power Marketing, Inc. A.40 NESI Integrated Energy Resources, Inc. A.41 NESI Energy Services Company A.42 NIPSCO Energy Services Canada, Limited A.43 Southlake Energy, Inc. A.44 NESI Energy Marketing Canada, Ltd. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.45 Triumph Natural Gas, Inc. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.46 NIPSCO Development Company, Inc. A.47 Analytic Systems Laboratories, Inc. A.48 Protonics Research, Inc. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.49 FuelMaker Corporation (Interest sold January 1998) BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.50 G.R. Clark Corporation A.51 International Polymer Corp. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.52 JOF Transportation Company A.53 KOGAF Enterprises, Inc. A.54 Lake Erie Land Company A.55 SCC Services, Inc. A.56 N Squared Aviation, LLC BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.57 NDC Douglas Properties, Inc. A.58 NIPSCO International Power Systems Company INCOME STATEMENT (No Activity) A.59 NIPSCO Security Services, Inc. A.60 RIC, Inc. A.61 Cardinal Property Management, Inc. A.62 Riverside Caloric Company A.63 Progeni, Inc. A.64 Sun Power Corporation BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.65 Kokomo Gas and Fuel Company A.66 KGF Trading Company BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.67 Northern Indiana Fuel and Light Company, Inc. A.68 Northern Indiana Trading Company
A.1 NIPSCO INDUSTRIES, INC. CONSOLIDATED BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Utility Plant, At Original Cost (including construction work in progress of $188,710): Electric $4,066,568 Gas 1,395,140 Water 603,013 Common 351,350 ---------- 6,416,071 Less-Accumulated provision for depreciation and amortization 2,759,945 ---------- Total Utility Plant 3,656,126 ---------- Other property, at cost, less accumulated provision for depreciation 96,028 ---------- Total Property, Plant and Equipment 3,752,154 ---------- Investments: Investments, at equity 82,855 Investments, at cost 31,771 Other investments 24,499 ---------- Total Investments 139,125 ---------- Current Assets: Cash and cash equivalents 30,780 Accounts receivable, less reserve of $5,887 231,580 Other receivables 107,231 Fuel adjustment clause 2,679 Gas cost adjustment clause 89,991 Materials and supplies, at average cost 60,085 Electric production fuel, at average cost 18,837 Natural gas in storage 61,436 Prepayments and other 28,089 ---------- Total Current Assets 630,708 ---------- Other Assets: Regulatory assets 211,513 Intangible assets, less accumulated provision for amortization 68,175 Prepayments and other 135,358 ---------- Total Other Assets 415,046 ---------- TOTAL ASSETS $4,937,033 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shareholders' equity $1,264,788 Preferred stocks - Northern Indiana Public Service Company: Series without mandatory redemption provisions 81,123 Series with mandatory redemption provisions 58,841 Indianapolis Water Company: Series without mandatory redemption provisions 4,497 Long-term debt, excluding amounts due within one year 1,667,925 ---------- Total Capitalization 3,077,174 ---------- Current Liabilities: Current portion of long-term debt 54,621 Short-term borrowings 212,639 Accounts payable 226,751 Dividends declared on common and preferred stocks 30,784 Customer deposits 22,091 Taxes accrued 77,573 Interest accrued 19,124 Accrued employment costs 58,799 Other 47,930 ---------- Total Current Liabilities 750,312 ---------- Other: Deferred income taxes 651,815 Deferred investment tax credits, being amortized over life of related property 105,538 Deferred credits 73,715 Customer advances and contributions in aid of construction 110,145 Accrued liability for postretirement benefits 132,919 Other noncurrent liabilities 35,415 ---------- Total Other 1,109,547 ---------- TOTAL CAPITALIZATION AND LIABILITIES $4,937,033 ========== CONSOLIDATED STATEMENT OF CAPITALIZATION Common shareholders' equity $1,264,788 ---------- Preferred Stocks, Which Are Redeemable Solely At Option of Issuer: Northern Indiana Public Service Company - Cumulative preferred stock - $100 par value 4-1/4% series - 209,118 shares outstanding 20,912 4-1/2% series - 79,996 shares outstanding 8,000 4.22% series - 106,198 shares outstanding 10,620 4.88% series - 100,000 shares outstanding 10,000 7.44% series - 41,890 shares outstanding 4,189 7.50% series - 34,842 shares outstanding 3,484 Premium on preferred stock 254 Cumulative preferred stock - no par value - Adjustable Rate (6.00% at December 31, 1997) - Series A (stated value - $50 per share), 473,285 shares outstanding 23,664 ---------- 81,123 ---------- Redeemable Preferred Stocks, Subject to Mandatory Redemption Requirements or Whose Redemption Is Outside the Control of Issuer: Northern Indiana Public Service Company - Cumulative preferred stock - $100 par value - 8.85% series - 62,500 shares outstanding 6,250 7-3/4% series - 38,906 shares outstanding 3,891 8.35% series - 57,000 shares outstanding 5,700 Cumulative preferred stock - no par value - 6.50% series - 430,000 shares outstanding 43,000 Indianapolis Water Compnay - Cumulative preferred stock - $100 par value - Rates ranging from 4.005 to 5.00% - 44,966 shares outstanding 4,497 ---------- 63,338 ---------- Long-term Debt 1,667,925 __________ TOTAL CAPITALIZATION $3,077,174 ========== CONSOLIDATED STATEMENT OF LONG-TERM DEBT Northern Indiana Public Service Company: First mortgage bonds - Series T, 7-1/2% - due April 1, 2002 39,500 Series NN, 7.10% - due July 1, 2017 55,000 ---------- Total 94,500 ---------- Pollution control notes and bonds - Series A Note - City of Michigan City - 5.70% due October 1, 2003 18,000 Series 1988 Bonds - Jasper County - Series A, B and C 3.81% weighted average at December 31, 1997, due November 1, 2016 130,000 Series 1988 Bonds - Jasper County - Series D 3.78% weighted average at December 31, 1997, due November 1, 2007 24,000 Series 1994 Bonds - Jasper County - Series A 4.25% at December 31, 1997, due August 1, 2010 10,000 Series 1994 Bonds - Jasper County - Series B 4.25% at December 31, 1997, due June 1, 2013 18,000 Series 1994 Bonds - Jasper County - Series C 4.25% at December 31, 1997, due April 1, 2019 41,000 ---------- Total 241,000 ---------- Medium-term Notes - Issued at interest rates between 6.10% and 7.69%, with a weighted average interest rate of 7.00% and various maturities between April 5, 2000 and August 4, 2027 748,025 ---------- Unamortized premium and discount on long-term debt, net (4,029) ---------- Total Long-term Debt of Northern Indiana Public Service Company 1,079,496 ---------- Indianapolis Water Company: First mortgage bonds - Series 5.20% - due May 1, 2001 11,600 Series 8.00% - due Decmeber 15, 2001 3,000 Series 7 7/8% -due March 1, 2019 40,000 Series 9.83% - due June 15, 2019 5,000 Series 6.10% - due December 1, 2022 5,000 Series 8.19% - due December 1, 2022 10,000 Series 5.85% - due September 1, 2025 18,000 ---------- Total Long-term Debt of Indianapolis Water Company 92,600 ---------- IWC Resources Corporation: Senior Note Payable-6.31% due March 15, 2001 14,000 Variable Bank Loan-6.50% due August 2003 5,600 ---------- Total Long-term Debt of IWC Resources Corporation 19,600 ---------- NIPSCO Capital Markets, Inc.: Subordinated Debentures- Series A, 7.34%,due March 31, 2026 75,000 Senior Notes Payable-6.78%, due December 1, 2027 75,000 Medium-term Notes - Issued at interest rates between 7.38% and 7.99%, with a weighted average interest rate of 7.66% and various maturities between April 1, 2004 and May 5, 2027 300,000 ---------- Total Long-Term Debt of NIPSCO Capital Markets, Inc. 450,000 ---------- NIPSCO Development Company, Inc.: Lake Erie Land Company - Notes Payable - 9.00%, due July 7, 2004 2,637 NDC Douglas Properties, Inc. - Notes Payable - Interest rates between 6.72% and 8.15% with a weighted average interest rate of 7.75% and maturities through April 1, 2006 23,592 ---------- Total Long-term Debt of NIPSCO Development Company, Inc. 26,229 ---------- TOTAL LONG-TERM DEBT, EXCLUDING AMOUNTS DUE IN ONE YEAR $1,667,925 ==========
A.1 NIPSCO INDUSTRIES, INC. CONSOLIDATED INCOME STATEMENT December 31, 1997 (Dollars in Thousands) Operating Revenues: Gas $ 807,239 Electric 1,017,083 Water 60,743 Products and Services 701,476 ---------- 2,586,541 ---------- Cost of Sales: Gas costs 495,287 Fuel for electric generation 238,548 Power purchased 37,274 Products and Services 604,505 ---------- 1,375,614 ---------- Operating Margin 1,210,927 ---------- Operating Expenses and Taxes (except income): Operation 390,253 Maintenance 76,552 Depreciation and amortization 249,804 Taxes (except income) 83,765 ---------- 800,374 ---------- Operating Income 410,553 ---------- Other Income (Deductions) 14,619 ---------- Interest and Other Charges: Interest on long-term debt 105,498 Other interest 10,391 Amortization of premium, reacquisition premium, discount and expense on debt, net 4,718 Dividend requirements on preferred stocks of subsidiaries 8,691 ---------- 129,298 ---------- Income Taxes 105,025 ---------- Net Income 190,849 Dividend Requirements on Preferred Shares 0 ---------- Balance Available for Common Shareholders $ 190,849 ========== Average Common Shares Outstanding-Basic 123,849,126 =========== Basic Earnings Per Average Common Share $ 1.54 ========== Diluted Earnings Per Average Common Share $ 1.53 ========== Dividends Declared Per Common Share $ 0.915 ==========
CONSOLIDATED STATEMENT OF COMMON SHAREHOLDERS' EQUITY December 31, 1997 (Dollars in Thousands) ______________________________________ Additional Common Paid-In Total Shares Capital ============================== ========== ========== ========== Balance, December 31, 1996 $1,100,501 $ 870,930 $ 32,868 Net income 190,849 Dividends: Common shares (114,303) Treasury shares acquired (133,077) Issued: IWC Resources acquisition 207,417 55,008 Acquisition of minority interest 5,469 1,351 Employee stock purchase plan 697 424 Long-term incentive plan 5,004 118 Unrealized gain on available for sale securities 1,689 Amortization of unearned compensation 2,099 Other (1,557) (1) __________ __________ __________ Balance, December 31, 1997 $1,264,788 $ 870,930 $ 89,768 ========== ========== ========== (Dollars in Thousands) ______________________________________ Currency Retained Treasury Translation Earnings Shares Adjustment ============================== ========== ========== ========== Balance, December 31, 1995 $ 591,370 $ (392,995) $ (140) Net income 190,849 Dividends: Common shares (114,303) Treasury shares acquired (133,077) Issued: IWC Resources acquisition 152,409 Acquisition of minority interest 4,118 Employee stock purchase plan 273 Long-term incentive plan 5,329 Unrealized gain on available for sale securities Amortization of unearned compensation Other (126) (1,430) _________ __________ __________ Balance, December 31, 1997 $ 667,790 $ (363,943) $ (1,570) ========= ========== ========== (Dollars in Thousands) Shares ____________ ________________________ Common Treasury Other Shares Shares ============================== ========== ========== ========== Balance, December 31, 1995 $ (1,532) 147,784,218 (28,172,896) Net income Dividends: Common shares Treasury shares acquired (6,536,928) Issued: IWC Resources acquisition 10,580,764 Acquisition of minority interest 270,064 Employee stock purchase plan 34,376 Long-term incentive plan (443) 353,066 Unrealized gain on available for sale securities 1,689 Amortization of unearned compensation 2,099 Other __________ ___________ ___________ Balance, December 31, 1997 $ 1,813 147,784,218 (23,471,554) ========== =========== ==========
A.2 NIPSCO INDUSTRIES MANAGEMENT SERVICES COMPANY BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 4 Other receivables (6) Accounts receivable - associated companies 4,482 Notes receivable - associated companies 3,050 ---------- Total Current Assets 7,530 ---------- Other Property and Investments: Other property at cost less depreciation 1,422 ---------- Total Other Property and Investments 1,422 ---------- Other Assets: Deferred charges and other 204 ---------- Total Other Assets 204 ---------- $ 9,156 TOTAL ASSETS ========== CAPITALIZATION AND LIABILITIES Capitalization: Common Shares without par value $ 1 ---------- Total Capitalization 1 ---------- Current Liabilities: Total accounts payable 4,056 Taxes accrued (23) Taxes withheld payables (291) Miscellaneous accrued liabilities 1,238 ---------- Total Current Liabilities 4,980 ---------- Other: Deferred income taxes 30 Deferred credits 4,145 ---------- Total Other 4,175 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 9,156 ==========
A.2 NIPSCO INDUSTRIES MANAGEMENT SERVICES COMPANY INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.2 NIPSCO INDUSTRIES MANAGEMENT SERVICES COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.3 HAMILTON HARBOUR INSURANCE SERVICES, LTD. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 4 --------- Total Current Assets 4 --------- TOTAL ASSETS $ 4 ========= CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (4) Retained earning - current year 0 ---------- Total Capitalization (3) ---------- Current Liabilities: Notes payable to associated companies 0 ---------- Total Current Liabilities 0 ---------- Noncurrent Liabilities: Deferred credits 7 ---------- Total Noncurrent Liabilities 7 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 4 ==========
A.3 HAMILTON HARBOUR INSURANCE SERVICES, LTD. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Expenses: Administrative and general $ (2) ---------- Total Operating Expenses (2) ---------- Income taxes 1 ---------- NET INCOME (LOSS) $ 1 ==========
A.3 HAMILTON HARBOUR INSURANCE SERVICES, LTD. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at beginning of the year $ (4) Net Income $ 1 ---------- BALANCE AT END OF YEAR $ (3) ==========
A.4 NI TELECOMM, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.4 NI TELECOMM, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.4 NI TELECOMM, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.5 CROSSROADS PIPELINE COMPANY BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Utility Plant: Utility plant $ 34,551 Less - accumulated provision for depreciation and amortization (2,827) ---------- Total Utility Plant 31,724 ---------- Current Assets: Cash and cash equivalents 2 Accounts receivable, less reserve 2,502 Prepayments and other 8 ---------- Total Current Assets 2,512 ---------- TOTAL ASSETS $ 34,236 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (4,112) Retained earnings - current year (1,415) ---------- Total Capitalization (5,526) ---------- Current Liabilities: Total accounts payable 1,963 Taxes accrued 685 ---------- Total Current Liabilities 2,648 ---------- Noncurrent Liabilities: Deferred income taxes 1,638 Deferred credits 81 Notes payable to associated companies 35,395 ---------- Total Noncurrent Liabilities 37,114 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 34,236 ==========
A.5 CROSSROADS PIPELINE COMPANY INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenue $ 4,338 ---------- Operating Expenses and Taxes: Operating expense 1,008 Administrative and general expenses 963 Depreciation and amortization 967 Taxes other than income 731 ---------- Total Operating Expenses and Taxes 3,670 ---------- Other Income (Deductions) 2 ---------- Interest and other charges 2,974 ---------- Income tax expense (889) ---------- NET INCOME (LOSS) $ (1,415) ==========
A.5 CROSSROADS PIPELINE COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ (4,112) Net Income (1,415) ---------- BALANCE AT END OF YEAR $ (5,527) ==========
A.6 NIPSCO CAPITAL MARKETS, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 24 Accounts receivable - associated companies 3,437 Notes receivable - associated companies 494,480 Prepayments 26 ---------- Total Current Assets 497,967 ---------- Other Assets: Deferred charges and other 5,223 ---------- Total Other Assets 5,223 ---------- TOTAL ASSETS $ 503,190 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1,000 Retained earnings 4,379 Retained earnings - current year 2,355 Long-term debt bonds 75,000 Long-term debt other 375,000 ---------- Total Capitalization 457,734 ---------- Current Liabilities: Commercial paper 17,000 Notes payable 20,100 Total accounts payable 1,088 Interest accrued 7,267 ---------- Total Current Liabilities 45,455 ---------- Noncurrent Liabilities: Deferred income taxes 1 ---------- Total Noncurrent Liabilities 1 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 503,190 ==========
A.6 NIPSCO CAPITAL MARKETS, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 0 ---------- Total Operating Revenues 0 ---------- Operating Expenses and Taxes: Administrative and general expenses 179 Taxes other than income 1 ---------- Total Operating Expenses 180 ---------- Other Income (Deductions): Interest income 35,734 ---------- Total Other Income (Deductions) 35,734 ---------- Interest and other charges 31,763 ---------- Income tax expense 1,436 ---------- NET INCOME (LOSS) $ 2,355 ==========
A.6 NIPSCO CAPITAL MARKETS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 4,379 Net Income 2,355 ---------- BALANCE AT END OF YEAR $ 6,734 ==========
A.7 NEM ACQUISITION CORPORATION BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Accounts receivable - associated companies $ 267 ---------- Total Current Assets 267 ---------- Property and Investments: Investments at equity (486) ---------- Total Other Property and Investments (486) ---------- Other Assets: Deferred charges and other 5,498 ---------- Total Other Assets 5,498 ---------- TOTAL ASSETS $ 5,279 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings - current year (438) ---------- Total Capitalization (437) ---------- Current Liabilities: Accounts payable 5,716 ---------- Total Current Liabilities 5,716 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 5,279 ==========
A.7 NEM ACQUISITION CORPORATION INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 0 ---------- Total Operating Revenues 0 ---------- Operating Expenses and Taxes: Depreciation and amortization 214 ---------- Total Operating Expenses and Taxes 214 ---------- Other Income (Deductions): Investment income (loss) (486) ---------- Total Other Income (Deductions) (486) ---------- Income tax expense (262) ---------- NET INCOME (LOSS) $ (438) ==========
A.7 NEM ACQUISITION CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 0 Net Income (Loss) (438) ---------- BALANCE AT END OF YEAR $ (438) ==========
A.8 IWC RESOURCES CORPORATION BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 27 Other accounts receivable 128 Accounts receivable - associated companies 13,286 ---------- Total Current Assets 13,441 ---------- Other Property and Investments: Other property at cost less depreciation 1,120 Investments at equity 134,679 Other investments 6 ---------- Total Other Property and Investments 135,805 ---------- Other Assets: Deferred charges and other 25,177 ---------- Total Other Assets 25,177 ---------- TOTAL ASSETS $ 174,423 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 102,849 Retained earnings 12,082 Retained earnings - current year 12,637 Long-term debt other 19,600 ---------- Total Capitalization 147,168 ---------- Current Liabilities: Obligations due within one year 1,000 Accounts payable 28,065 Taxes accrued (2,721) Interest accrued 332 Accrued employment costs 1,471 Taxes withheld payables 3 Miscellaneous accrued liabilities 28 ---------- Total Current Liabilities 28,178 ---------- Noncurrent Liabilities: Deferred income taxes (1,362) Deferred credits 418 Postretirement benefits accrued 21 ---------- Total Noncurrent Liabilities (923) ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 174,423 ==========
A.8 IWC RESOURCES CORPORATION INCOME STATEMENT * For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 76 ---------- Total Operating Revenues 76 ---------- Operating Expenses and Taxes(except income): Administrative and general expenses 1,424 Depreciation and amortization 1,015 Taxes other than income 38 ---------- Total Operating Expenses and Taxes(except income) 2,477 ---------- Other Income (Deductions): Non-operating income (716) ---------- Total Other Income (Deductions) (716) ---------- Interest and other charges 962 ---------- Income tax expense (1,202) ---------- Net Income (Loss)before subsidiaries (2,877) ---------- Subsidiary gain(loss) 15,514 ---------- NET INCOME (LOSS) $ 12,637 ========== *Income Statement reflects income activity for April 1997 through December 1997.
A.8 IWC RESOURCES CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 12,082 Net Income* 12,514 ---------- BALANCE AT END OF YEAR $ 24,719 ========== *Net income is for April 1997 through December 1997.
A.9 INDIANAPOLIS WATER COMPANY BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Utility Plant: Utility plant $ 440,910 Less-accumulated provision for depreciation (92,055) ---------- Total Utility Plant 348,855 ---------- Current Assets: Cash and cash equivalents 940 Accounts receivable - less reserve 33,450 Material and supplies at average cost 2,480 Prepayments 227 ---------- Total Current Assets 37,097 ---------- Other Property and Investments: Other property at cost 32 ---------- Total Other Property and Investments 32 ---------- Other Assets: Deferred charges and other 15,369 ---------- Total Other Assets 15,369 ---------- TOTAL ASSETS $ 401,353 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 17,004 Additional paid-in-capital 38,996 Retained earnings 39,960 Preferred stock-without mandatory redemption 4,497 Long-term debt other 92,600 ---------- Total Capitalization 193,057 ---------- Current Liabilities: Obligations due within one year 46,480 Total accounts payable 12,599 Dividends declared 51 Customer deposits 1,179 Taxes accrued 6,768 Interest accrued 1,947 Accrued employment costs 124 Other accruals 1,871 ---------- Total Current Liabilities 71,019 ---------- Noncurrent Liabilities: Deferred income taxes 34,641 Deferred investment tax credits 4,516 Customer advances 47,901 Deferred credits 1,954 Postretirement accrued benefits 8,446 Contributions in aid of construction 39,819 ---------- Total Noncurrent Liabilities 137,277 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 401,353 ==========
A.9 INDIANAPOLIS WATER COMPANY INCOME STATEMENT* For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Water revenue $ 60,141 ---------- Total Operating Revenues 60,141 ---------- Operating Expenses and Taxes(except income): Operation 20,200 Administrative and general expenses 9,024 Depreciation and amortization 5,223 Taxes (except income) 4,272 ---------- Total Operating Expenses and Taxes(except income) 38,719 ---------- Other Income(Deductions): Non-operating income 1,464 Taxes on other income (546) ---------- Total Other Income (Deductions) 918 ---------- Interest and other charges 6,890 ---------- Income tax expense 6,530 ---------- NET INCOME (LOSS) $ 8,920 ========== *Income statement reflects activity for April 1997 through December 31, 1997.
A.9 INDIANAPOLIS WATER COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 31,040 Net Income* 8,920 ---------- BALANCE AT END OF YEAR $ 39,960 ========== *Net income is for April 1997 through December 31, 1997.
A.10 HARBOUR WATER CORPORATION BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Utility Plant: Utility plant $ 6,722 Less-accumulated provision for depreciation (1,218) ---------- Total Utility Plant 5,504 ---------- Current Assets: Accounts receivable - less reserve 921 ---------- Total Current Assets 921 ---------- Other Assets: Deferred charges and other 320 ---------- Total Other Assets 320 ---------- TOTAL ASSETS $ 6,745 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 400 Retained earnings 1,764 ---------- Total Capitalization 2,164 ---------- Current Liabilities: Total accounts payable 1,331 Customer deposits 6 Taxes accrued 163 Interest accrued 1 Other accruals 3 ---------- Total Current Liabilities 1,504 ---------- Noncurrent Liabilities: Deferred income taxes 46 Deferred investment tax credits 49 Customer advances 1,902 Contributions in aid of contruction 1,080 ---------- Total Noncurrent Liabilities 3,077 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 6,745 ==========
A.10 HARBOUR WATER CORPORATION INCOME STATEMENT* For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Water revenue $ 691 ---------- Total Operating Revenues 691 ---------- Operating Expenses and Taxes(except income): Operations 215 Administrative and general expenses 102 Depreciation and amortization 87 Taxes except income 62 ---------- Total Operating Expenses and Taxes(except income) 466 ---------- Income tax expense 105 ---------- NET INCOME (LOSS) $ 120 ========== *Income statement reflects activity for April 1997 through December 1997.
A.10 HARBOUR WATER CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 1,644 Net Income* 120 ---------- BALANCE AT END OF YEAR $ 1,764 ========== *Net income is for April 1997 through December 1997.
A.11 UTILITY DATA CORPORATION BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 165 Customer accounts receivable 26 Other accounts receivable 1 Accounts receivable - associated companies 12,240 Prepayments 128 ---------- Total Current Assets 12,560 ---------- Other Property and Investments: Other property at cost less depreciation 502 ---------- Total Other Property and Investments 502 ---------- TOTAL ASSETS $ 13,062 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 154 Retained earnings 5,748 Retained earnings - current year 810 ---------- Total Capitalization 6,712 ---------- Current Liabilities: Total accounts payable 3,021 Taxes accrued 490 Accrued employment costs 976 Taxes withheld payables (13) Miscellaneous accrued liabilities 204 ---------- Total Current Liabilities 4,678 ---------- Noncurrent Liabilities: Deferred income taxes 520 Deferred credits 315 Postretirement benefits accrued 837 ---------- Total Noncurrent Liabilities 1,672 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 13,062 ==========
A.11 UTILITY DATA CORPORATION INCOME STATEMENT* For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 5,480 ---------- Total Operating Revenues 5,480 ---------- Operating Expenses and Taxes(except income): Operation 24 Administrative and general expenses 3,842 Depreciation and amortization 117 Taxes (except income) 156 ---------- Total Operating Expenses and Taxes(except income) 4,139 ---------- Interest and other charges 10 ---------- Income tax expense 521 ---------- NET INCOME (LOSS) $ 810 ========== *Income statement reflects activity for April 1997 through December 1997.
A.11 UTILITY DATA CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 5,748 Net Income* 810 ---------- BALANCE AT END OF YEAR $ 6,558 ========== *Net income is for April 1997 through December 1997.
A.12 IWC SERVICES, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Customer accounts receivable $ 13 Accounts receivable - associated companies 226 ---------- Total Current Assets 239 ---------- Other Assets: Deferred charges and other 3,380 ---------- Total Other Assets 3,380 ---------- TOTAL ASSETS $ 3,619 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 50 Retained earnings 1,606 Retained earnings - current year 578 ---------- Total Capitalization 2,234 ---------- Current Liabilities: Total accounts payable 763 Taxes accrued 370 ---------- Total Current Liabilities 1,133 ---------- Noncurrent Liabilities: Deferred income taxes 38 Deferred credits 214 ---------- Total Noncurrent Liabilities 252 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 3,619 ==========
A.12 IWC SERVICES, INC. INCOME STATEMENT* For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 1,118 ---------- Total Operating Revenues 1,118 ---------- Operating Expenses and Taxes(except income): Administrative and general expenses 173 ---------- Total Operating Expenses and Taxes(except income) 173 ---------- Income tax expense 367 ---------- NET INCOME (LOSS) $ 578 ========== *Income statement reflects activity for April 1997 through December 1997.
A.12 IWC SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 1,606 Net Income* 578 ---------- BALANCE AT END OF YEAR $ 2,184 ========== *Net Income is for April 1997 through December 1997.
A.13 WHITE RIVER ENVIRONMENTAL PARTNERSHIP BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.13 WHITE RIVER ENVIRONMENTAL PARTNERSHIP INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.13 WHITE RIVER ENVIRONMENTAL PARTNERSHIP STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.14 WATERWAY HOLDINGS, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Special funds $ 10 355 Other accounts receivable 318 Accounts receivable - associated companies 163 ---------- Total Current Assets 10,836 ---------- TOTAL ASSETS $ 10,836 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 4,749 Retained earnings 1,559 Retained earnings - current year 63 ---------- Total Capitalization 6,371 ---------- Current Liabilities: Total accounts payable 3,455 Taxes accrued (62) Interest accrued 3 ---------- Total Current Liabilities 3,396 ---------- Noncurrent Liabilities: Deferred income taxes (156) Deferred credits 1,225 ---------- Total Noncurrent Liabilities 1,069 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 10,836 ==========
A.14 WATERWAY HOLDINGS, INC. INCOME STATEMENT* For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 186 ---------- Total Operating Revenues 186 ---------- Cost of Sales: Cost of land sales 55 ---------- Total Cost of Sales 55 ---------- Operating Margin 131 ---------- Operating Expenses and Taxes(except income): Administrative and general expenses 1 Taxes except income 6 ---------- Total Operating Expenses and Taxes(except income) 7 ---------- Other Income(Deductions) 14 ---------- Total Other Income (Deductions) 14 ---------- Interest and other charges 34 ---------- Income tax expense 41 ---------- NET INCOME (LOSS) $ 63 ========== *Income statement reflects activity for April 1997 through December 1997.
A.14 WATERWAY HOLDINGS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 1,559 Net Income* 63 ---------- BALANCE AT END OF YEAR $ 1,622 ========== *Net income is for April 1997 through December 1997.
A.15 SM&P UTILITY RESOURCES, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 160 Customer accounts receivable 6,162 Other accounts receivable 97 Prepayments 141 ---------- Total Current Assets 6,560 ---------- Other Property and Investments: Other property at cost less depreciation 6,641 ---------- Total Other Property and Investments 6,641 ---------- Other Assets: Deferred charges and other 1,060 ---------- Total Other Assets 1,060 ---------- TOTAL ASSETS $ 14,261 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 1,234 Retained earnings - current year 1,382 ---------- Total Capitalization 2,617 ---------- Current Liabilities: Obligation due with one year 1,050 Total accounts payable 4,637 Taxes accrued (1,070) Other accruals 5,576 Taxes withheld payables 75 Miscellaneous accrued liabilities 794 ---------- Total Current Liabilities 11,062 ---------- Noncurrent Liabilities: Deferred income taxes 582 ---------- Total Noncurrent Liabilites 582 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 14,261 ==========
A.15 SM&P UTILITY RESOURCES, INC. INCOME STATEMENT* For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Locate revenue $ 48,354 ---------- Total Operating Revenues 48,354 ---------- Cost of Sales: Cost of sales 30,920 ---------- Total Cost of Sales 30,920 ---------- Operating Margin 17,434 ---------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 12,399 Depreciation and amortization 1,803 Taxes (except income) 663 ---------- Total Operating Expenses and Taxes(Except Income) 14,865 ---------- Other Income (Deductions) 65 ---------- Interest and other charges 286 ---------- Income tax expense 966 ---------- NET INCOME (LOSS) $ 1,382 ========== *Income statement reflects activity for April 1997 through December 1997.
A.15 SM&P UTILITY RESOURCES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 1,234 Net Income* 1,382 ---------- BALANCE AT END OF YEAR $ 2,616 ========== *Net income is for April 1997 through December 1997.
A.16 MILLER PIPELINE CORPORATION BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 1,727 Customer accounts receivable 7,281 Other accounts receivable 41 Reserve-customer accounts (25) Material and supplies at average cost 938 Prepayments 189 Job work in progress 1,556 ---------- Total Current Assets 11,707 ---------- Other Property and Investments: Other property at cost less depreciation 18,817 ---------- Total Other Property and Investments 18,817 ---------- TOTAL ASSETS $ 30,524 ========== CAPITALIZATION AND LIABILITIES Capitalization: Additional paid-in-capital $ 10,939 Retained earnings 4,040 Retained earnings - current year 3,641 ---------- Total Capitalization 18,620 ---------- Current Liabilities: Obligations due within one year 339 Total accounts payable 4,365 Taxes accrued 2,718 Accrued employment costs 980 Other accruals 819 Taxes withheld payables 177 ---------- Total Current Liabilities 9,398 ---------- Noncurrent Liabilities: Deferred income taxes 2,506 ---------- Total Noncurrent Liabilities 2,506 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 30,524 ==========
A.16 MILLER PIPELINE CORPORATION INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Pipeline construction revenue $ 47,174 ---------- Total Operating Revenues 47,174 ---------- Cost of Sales: Pipeline construction expense 36,183 ---------- Total Cost of Sales 36,183 ---------- Operating Margin 10,991 ---------- Operating Expenses and Taxes(Except Income): Operation 665 Administrative and general expenses 2,355 Depreciation and amortization 1,787 ---------- Total Operating Expenses and Taxes(Except Income) 4,807 ---------- Other Income (Deductions) 209 ---------- Interest and other charges 83 ---------- Income tax expense 2,669 ---------- NET INCOME (LOSS) $ 3,641 ========== *Income statement reflects income for April 1997 through December 1997.
A.16 MILLER PIPELINE CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 4,040 Net Income* 3,641 ---------- BALANCE AT END OF YEAR $ 7,681 ========== *Net income is for April 1997 through December 1997.
A.17 PRIMARY ENERGY, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ (1) Other accounts receivable 980 Accounts receivable - associated companies 620 ---------- Total Current Assets 1,599 ---------- Other Property and Investments: Other property at cost less depreciation 72 Investments at equity 8,795 Investments at cost 3,000 ---------- Total Other Property and Investments 11,867 ---------- Other Assets: Deferred charges and other 8 ---------- Total Other Assets 8 ---------- TOTAL ASSETS $ 13,474 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 4,421 Retained earning - current year 6,614 ---------- Total Capitalization 11,036 ---------- Current Liabilities: Total accounts payable 161 Taxes accrued (3) Taxes withheld payables (57) ---------- Total Current Liabilities 101 ---------- Noncurrent Liabilities: Notes payable to associated companies 1,021 Deferred income taxes 777 Deferred credits 539 ---------- Total Noncurrent Liabilities 2,337 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 13,474 ==========
A.17 PRIMARY ENERGY, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 1,830 Total Operating Revenue ---------- 1,830 ---------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 2,937 Depreciation and amortization 22 Taxes (except income) 53 ---------- Total Operating Expenses and Taxes(Except Income) 3,012 ---------- Other Income (Deductions) 307 ---------- Interest and other charges 127 ---------- Income tax expense (376) ---------- Income(Loss) before subsidiaries (626) ---------- Subsidiary gain(loss) 7,239 ---------- NET INCOME (LOSS) $ 6,613 ==========
A.17 PRIMARY ENERGY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at beginning of year $ 4,421 Net Income 6,613 ---------- BALANCE AT END OF YEAR $ 11,034 ==========
A.18 HARBOR COAL COMPANY BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 19 Accounts receivable - associated companies 490 Prepayments 84 ---------- Total Current Assets 593 ---------- Other Property and Investments: Investments at equity 870 ---------- Total Other Property and Investments 870 ---------- TOTAL ASSETS $ 1,463 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (16) Retained earnings - current year 1,785 ---------- Total Capitalization 1,770 ---------- Current Liabilities: Total accounts payable 1,397 ---------- Total Current Liabilities 1,397 ---------- Noncurrent Liabilities: Notes payable to associated companies 1,004 Deferred income taxes (2,708) ---------- Total Noncurrent Liabilities (1,704) ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,463 ==========
A.18 HARBOR COAL COMPANY INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 0 ---------- Total Operating Revenues 0 ---------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 175 Taxes (except income) 62 ---------- Total Operating Expenses and Taxes(Except Income) 237 ---------- Other Income (Deductions) 3,205 ---------- Interest and other charges 71 ---------- Income tax expense 1,112 ---------- NET INCOME (LOSS) $ 1,785 ==========
A.18 HARBOR COAL COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ (16) Net Income 1,785 ---------- BALANCE AT END OF YEAR $ 1,769 ==========
A.19 LAKESIDE ENERGY CORPORATION BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Other accounts receivable $ 1,604 Accounts receivable-associated companies 15 Prepayments 1,264 ---------- Total Current Assets 2,883 ---------- Other Assets: Deferred charges and other 11,504 ---------- Total Other Assets 11,504 ---------- TOTAL ASSETS $ 14,387 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings-current year 2,027 ---------- Total Capitalization 2,028 ---------- Current Liabilities: Total accounts payable 798 Taxes accrued 310 ---------- Total Current Liabilities 1,108 ---------- Noncurrent Liabilities: Notes payable to associated companies 9,844 Deferred income taxes 1,407 ---------- Total Noncurrent Liabilities 11,251 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 14,387 ==========
A.19 LAKESIDE ENERGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 8,136 ---------- Total Operating Revenues 8,136 ---------- Operating Expenses and Taxes(Except Income): Lease expense 3,556 Administrative and general expenses 338 Taxes (except income) 408 ---------- Total Operating Expenses and Taxes(Except Income) 4,302 ---------- Other Income (Deductions) 8 ---------- Interest and other charges 539 ---------- Income tax expense 1,276 ---------- NET INCOME (LOSS) $ 2,027 ==========
A.19 LAKESIDE ENERGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 0 Net Income 2,027 ---------- BALANCE AT END OF YEAR $ 2,027 ==========
A.20 NORTH LAKE ENERGY CORPORATION BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 11 Other accounts receivable 726 Accounts receivable - associated companies 763 Notes receivable - associated companies 6,223 Prepayments 33 ---------- Total Current Assets 7,756 ---------- TOTAL ASSETS $ 7,756 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings - 1,567 Retained earnings - current year 2,374 ---------- Total Capitalization 3,942 ---------- Current Liabilities: Total accounts payable 1,161 Taxes accrued 648 ---------- Total Current Liabilities 1,809 ---------- Noncurrent Liabilities: Deferred income taxes 2,005 ---------- Total Noncurrent Liabilities 2,005 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 7,756 ==========
A.20 NORTH LAKE ENERGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 7,787 --------- Total Operating Revenue 7,787 --------- Operating Expenses and Taxes(Except Income): Lease expense 3,141 Administrative and general expenses 118 Taxes (except income) 886 --------- Total Operating Expenses and Taxes(except income) 4,145 --------- Other Income (Deductions) 234 --------- Income tax expense 1,502 --------- NET INCOME (LOSS) $ 2,374 =========
A.20 NORTH LAKE ENERGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance beginning of year $ 1,567 Net Income 2,374 --------- BALANCE AT END OF YEAR $ 3,941 =========
A.21 PORTSIDE ENERGY CORPORATION BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 41 Other accounts receivable 847 Accounts receivable-associated companies 1,137 Prepayments 3,300 ---------- Total Current Assets 5,325 ---------- Other Property and Investments: Other property at cost less depreciation 3 ---------- Total Other Property and Investments 3 ---------- Other Assets: Deferred charges and other 100 ---------- Total Other Assets 100 ---------- TOTAL ASSETS $ 5,428 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common Shares without par value $ 1 Retained earnings - current year 1,053 ---------- Total Capitalization 1,054 ---------- Current Liabilities: Total accounts payable 175 Taxes accrued 97 ---------- Total Current Liabilities 272 ---------- Noncurrent Liabilities: Notes payable to associated companies 1,850 Deferred income taxes 2,252 ---------- Total Noncurrent Liabilities 4,102 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 5,428 ==========
A.21 PORTSIDE ENERGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 2,872 --------- Total Operating Revenue 2,872 --------- Operating Expenses and Taxes(Except Income): Lease expense 237 Administrative and general expenses 669 Depreciation and amortization 0 Taxes (except income) 132 --------- Total Operating Expenses and Taxes(except income) 1,038 --------- Other Income (Deductions) 2 --------- Interest and other charges 60 --------- Income tax expense 723 --------- NET INCOME (LOSS) $ 1,053 =========
A.21 PORTSIDE ENERGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance beginning of year $ 0 Net Income 1,053 --------- BALANCE AT END OF YEAR $ 1,053 =========
A.22 COKENERGY, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 3 Prepayments 102,584 ---------- Total Current Assets 102,587 ---------- $ 102,587 TOTAL ASSETS ========== CAPITALIZATION AND LIABILITIES Capitalization: Common Shares without par value $ 1 ---------- Total Capitalization 1 ---------- Current Liabilities: Total accounts payable 569 Customer deposits 30,000 ---------- Total Current Liabilities 30,569 ---------- Noncurrent Liabilities: Notes payable to associated companies 72,017 ---------- Total Noncurrent Liabilities 72,017 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 102,587 ==========
A.22 COKENERGY, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.22 COKENERGY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.23 NORTHERN INDIANA PUBLIC SERVICE COMPANY CONSOLIDATED BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Utility Plant, At Original Cost (Including Construction Work in Progress of $140,534: Electric $4,066,568 Gas 1,223,693 Common 351,350 --------- 5,641,611 Less - accumulated provision for depreciation and amortization 2,613,352 ---------- Total Utility Plant 3,028,259 ---------- Other Property and Investments 1,215 ---------- Current Assets: Cash and cash equivalents 9,800 Accounts receivable, less reserve of $4,524 101,188 Fuel adjustment clause 2,679 Gas cost adjustment clause 86,520 Materials and supplies at average cost 53,666 Electric production fuel, at average cost 18,837 Natural gas in storage, at last-in, first-out cost 45,880 Prepayments and other 23,128 ---------- Total Current Assets 341,698 ---------- Other Assets: Regulatory assets 205,965 Prepayments and other 97,777 ---------- Total Other Assets 303,742 ---------- TOTAL ASSETS $3,674,914 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shareholder's equity $1,018,303 Preferred stocks - Series without mandatory redemption provisions 81,123 Series with mandatory redemption provisions 58,841 Long-term debt 1,079,496 ---------- Total Capitalization 2,237,763 ---------- Current Liabilities: Obligations due within one year - Commercial paper 71,500 First mortgage bonds - Series P, 6.7/8% - due October 1, 1998 14,509 Medium-term notes - Issued at interest rates of 5.83% and 5.95% with a weighted average interest rate of 5.86% and maturities of April 6, 1998 and April 13, 1998 35,000 Notes payable - Issued at interest rates between 6.03% and 6.38% with a weighted average interest rate of 5.86% and various maturities between January 9, 1998 and January 23, 1998 47,500 Sinking funds due within one year 1,500 ---------- 170,009 ---------- Other Current Liabilities - Accounts payable 127,742 Dividends declared on common and preferred stocks 56,198 Customer deposits 20,236 Taxes accrued 88,852 Interest accrued 7,646 Accrued employment costs 51,095 Other accruals 34,051 ---------- 385,820 ---------- Total Current Liabilities 555,829 ---------- Other: Deferred income taxes 602,936 Deferred investment tax credits, being amortized over life of related property 99,853 Deferred credits 53,323 Accrued liability for postretirement benefits 115,177 Other noncurrent liabilities 10,033 ---------- Total Other 881,322 ---------- TOTAL CAPITALIZATION AND LIABILITIES $3,674,914 ========== CONSOLIDATED STATEMENT OF CAPITALIZATION For the Year Ended December 31, 1997 (Dollars in Thousands) Common Shareholder's Equity: Common shares - without par value - authorized 75,000,000 shares - issued and outstanding 73,282,258 shares $ 859,488 Additional paid-in capital 12,522 Retained earnings 146,293 ---------- Total Common Shareholder's Equity 1,018,303 ---------- Preferred Stocks, Which Are Redeemable Solely at Option of Northern Indiana Public Service Company: Cumulative preferred stock - $100 par value - 4-1/4% series - 209,118 shares outstanding 20,912 4-1/2% series - 79,996 shares outstanding 8,000 4.22% series - 106,198 shares outstanding 10,620 4.88% series - 100,000 shares outstanding 10,000 7.44% series - 41,890 shares outstanding 4,189 7.50% series - 34,842 shares outstanding 3,484 Premium on preferred stock 254 Cumulative preferred stock - no par value Adjustable Rate (6.00% at December 31, 1998) - Series A (stated value - $50 per share), 473,285 shares outstanding 23,664 ---------- 81,123 ---------- Redeemable Preferred Stocks, Subject to Mandatory Redemption Requirements or Whose Redemption Is Outside the Control of Northern Indiana Public Service Company: Cumulative preferred stock - $100 par value - 8.85% series - 62,500 shares outstanding 6,250 7-3/4% series - 38,906 shares outstanding 3,891 8.35% series - 57,000 shares outstanding 5,700 Cumulative preferred stock - no par value - 6.50% series - 430,000 shares outstanding 43,000 ---------- 58,841 ---------- Long-term Debt, excluding amounts due within one year 1,079,496 ---------- TOTAL CAPITALIZATION $2,237,763 ========== CONSOLIDATED STATEMENT OF LONG-TERM DEBT For the Year Ended December 31, 1997 (Dollars in Thousands) First Mortgage Bonds - Series T, 7-1/2% - due April 1, 2002 $ 39,500 Series NN, 7.10% - due July 1, 2017 55,000 ---------- 94,500 ---------- Pollution Control Notes and Bonds - Series A Note - City of Michigan City - 5.70% due October 1, 2003 18,000 Series 1988 Bonds - Jasper County - Series A, B, and C, 3.81% weighted average at December 31, 1998, due November 1, 2016 130,000 Series 1988 Bonds - Jasper County - Series D, 3.78% weighted average at December 31, 1998, due November 1, 2007 24,000 Series 1994 Bonds - Jasper County - Series A, 4.25% at December 31, 1998, due August 1, 2010 10,000 Series 1994 Bonds - Jasper County - Series B, 4.25% at December 31, 1998, due June 1, 2013 18,000 Series 1994 Bonds - Jasper County - Series C, 4.25% at December 31, 1997, due April 1, 2019 41,000 ---------- 241,000 ---------- Medium-term Notes - Issued at interest rates between 6.10% and 7.69%, with a weighted average interest rate of 7.00% with various maturities between April 5, 2000 and August 4, 2027 748,025 ---------- Unamortized premium and discount on long-term debt, net (4,029) ---------- TOTAL LONG-TERM DEBT, EXCLUDING AMOUNTS DUE WITHIN ONE YEAR $1,079,496 ==========
A.23 NORTHERN INDIANA PUBLIC SERVICE COMPANY CONSOLIDATED STATEMENT OF INCOME For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Gas $ 735,299 Electric 1,017,083 ---------- 1,752,382 ---------- Cost of Energy: Gas costs 452,436 Fuel for electric generation 238,548 Power purchased 37,274 ---------- 728,258 ---------- Operating Margin 1,024,124 ---------- Operating Expenses and Taxes (except income): Operation 269,275 Maintenance 68,853 Depreciation and amortization 223,025 Taxes (except income) 71,752 ---------- 632,905 ---------- Operating Income Before Utility Income Taxes 391,219 ---------- Utility Income Taxes 110,099 ---------- Operating Income 281,120 ---------- Other Income (Deductions) (3,659) ---------- Interest: Interest on long-term debt 69,427 Other interest 7,574 Allowance for borrowed funds used during construction and carrying charges (354) Amortization of premium, reacquisition premium, discount, and expense on debt, net 4,194 ---------- 80,841 ---------- Net Income 196,620 Dividend Requirements on Preferred Stocks 8,539 ---------- Balance Available for Common Shares $ 188,081 ========== Common Dividends Declared $ 187,775 ==========
A.23 NORTHERN INDIANA PUBLIC SERVICE COMPANY CONSOLIDATED STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 145,987 Add: Net Income 196,620 Deduct: Dividends on cumulative preferred stock 8,539 Common share dividends 187,775 ---------- Balance at End of Year $ 146,293 ==========
A.24 NIPSCO EXPLORATION COMPANY, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 246 Accounts receivable - associated companies 2,304 ---------- Total Current Assets 2,550 ---------- TOTAL ASSETS $ 2,550 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1,400 Retained earnings 748 Retained earnings - current year 194 ---------- Total Capitalization 2,342 ---------- Current Liabilities: Total accounts payable 77 ---------- Total Current Liabilities 77 ---------- Noncurrent Liabilities: Notes payable to associated companies 125 Deferred income taxes 6 ---------- Total Noncurrent Liabilities 131 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 2,550 ==========
A.24 NIPSCO EXPLORATION COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 54 ---------- Total Revenues 54 ---------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 24 ---------- Total Operating Expenses and Taxes(Except Income) 24 ---------- Other Income (Deductions) 270 ---------- Interest and other charges 1 ---------- Income tax expense 105 ---------- NET INCOME (LOSS) $ 194 ==========
A.24 NIPSCO EXPLORATION COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 748 Net Income 194 ---------- BALANCE AT END OF YEAR $ 942 ==========
A.25 SHORE LINE SHOPS, INCORPORATED BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 89 Accounts receivable - associated companies 651 ---------- Total Current Assets 740 ---------- Other Property and Investments: Other property at cost less depreciation 17 Investments at cost 867 ---------- Total Other Property and Investments 884 ---------- TOTAL ASSETS $ 1,624 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 73 Retained earnings (2,265) Retained earnings - current year (135) ---------- Total Capitalization (2,327) ---------- Current Liabilities: Total accounts payable 2,382 Taxes accrued (5) Taxes withheld payables 2 ---------- Total Current Liabilities 2,379 ---------- Noncurrent Liabilities: Notes payable to associated companies 1,531 Deferred income taxes 41 ---------- Total Noncurrent Liabilities 1,572 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,624 ==========
A.25 SHORE LINE SHOPS, INCORPORATED INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ (29) ---------- Total Revenues (29) ---------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 36 Taxes (except income) 29 ---------- Total Operating Expenses and Taxes(Except Income) 65 ---------- Interest and other charges 130 ---------- Income tax expense (89) ---------- NET INCOME (LOSS) $ (135) ==========
A.25 SHORE LINE SHOPS, INCORPORATED STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ (2,265) Net Income (135) ---------- BALANCE AT END OF YEAR $ (2,400) ==========
A.26 NIPSCO ENERGY SERVICES, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 2 Other accounts receivable 93 Reserve-customer accounts (626) Accounts receivable - associated companies 4,943 Notes receivable - associated companies 12,512 ---------- Total Current Assets 16,923 ---------- Other Property and Investments: Other property at cost less depreciation 1,525 Investments at equity 3,788 ---------- Total Other Property and Investments 5,313 ---------- Other Assets: Deferred charges and other 1,933 ---------- Total Other Assets 1,933 ---------- TOTAL ASSETS $ 24,169 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 2,888 Foreign currency translation adjustment (812) Retained earnings 4,836 Retained earnings - current year 1,667 ---------- Total Capitalization 8,579 ---------- Current Liabilities: Total accounts payable 1,659 Taxes accrued (22) Taxes withheld payables (192) ---------- Total Current Liabilities 1,445 ---------- Noncurrent Liabilities: Notes payable to associated companies 12,839 Deferred income taxes 620 Deferred credits 686 ---------- Total Noncurrent Liabilities 14,145 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 24,169 ==========
A.26 NIPSCO ENERGY SERVICES, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 3,365 ---------- Total Revenues 3,365 ---------- Operating Expenses and Taxes(Except Income): Operating expenses 4 Administrative and general expenses 7,897 Depreciation and amortization 35 Taxes (except income) 289 ---------- Total Operating Expenses and Taxes(Except Income) 8,225 ---------- Other Income (Deductions): Investment income 1,449 Other non-operating income (1,707) Taxes on other income 1,009 ---------- Total Other Income (Deductions) 751 ---------- Interest and other charges 1,153 ---------- Income tax expense (1,424) ---------- Income (Loss) Before Subsidiaries (3,838) ---------- Subsidiary Gain (Loss) 5,505 ---------- NET INCOME (LOSS) $ 1,667 ==========
A.26 NIPSCO ENERGY SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 4,836 Net Income 1,667 ---------- BALANCE AT END OF YEAR $ 6,503 ==========
A.27 MARKET HUB PARTNERS, L.P. BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.27 MARKET HUB PARTNERS, L.P. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.27 MARKET HUB PARTNERS, L.P. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.28 INVENTORY MANAGEMENT AND DISTRIBUTION COMPANY, L.L.C. BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.28 INVENTORY MANAGEMENT AND DISTRIBUTION COMPANY, L.L.C. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.28 INVENTORY MANAGEMENT AND DISTRIBUTION COMPANY, L.L.C. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.29 NIPSCO ENERGY TRADING CORP. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS (None - Zero Amounts) $ 0 ==========
A.29 NIPSCO ENERGY TRADING CORP. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (None - No activity) $ 0 ==========
A.29 NIPSCO ENERGY TRADING CORP. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.30 NIPSCO FUEL COMPANY, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 43 Other accounts receivable (22) Accounts receivable - associated companies 5,258 Prepayments 2 ---------- Total Current Assets 5,280 ---------- Other Property and Investments: Other property at cost less depreciation 3,720 Investments at equity 22,614 ---------- Total Other Property and Investments 26,334 ---------- Other Assets: Deferred charges and other 1 ---------- Total Other Assets 1 ---------- TOTAL ASSETS $ 31,615 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (23,271) Retained earnings - current year 4,372 ---------- Total Capitalization (18,898) ---------- Current Liabilities: Total accounts payable 9,723 ---------- Total Current Liabilities 9,723 ---------- Noncurrent Liabilities: Notes payable to associated companies 28,628 Deferred income taxes 8,662 Deferred credits 3,500 ---------- Total Noncurrent Liabilities 40,790 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 31,615 ==========
A.30 NIPSCO FUEL COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 4,701 ---------- Total Operating Revenue 4,701 ---------- Cost of Sales: Cost of Sales 1,648 ---------- Total Cost of Sales 1,648 ---------- Operating Margin 3,053 ---------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 771 Depreciation and amortization 1,681 Taxes (except income) 9 ---------- Total Operating Expenses and Taxes(Except Income) 2,461 ---------- Other Income (Deductions) 8,790 ---------- Interest and other charges 2,521 ---------- Incoem tax expense 2,602 ---------- Income (Loss) Before Subsidiaries 4,259 ---------- Subsidiary Gain (Loss) 113 ---------- NET INCOME (LOSS) $ 4,372 ==========
A.30 NIPSCO FUEL COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ (23,271) Net Income 4,372 ---------- BALANCE AT END OF YEAR $ (18,899) ==========
A.31 BRISTOL RESOURCES PRODUCTION COMPANY L.L.C. BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.31 BRISTOL RESOURCES PRODUCTION COMPANY L.L.C. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.31 BRISTOL RESOURCES PRODUCTION COMPANY L.L.C. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.32 NFCO ACQUISITION COMPANY BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 50 Other accounts receivable 36 Accounts receivable - associated companies 27 Material and supplies at average cost 2 Notes receivable - associated companies 403 ---------- Total Current Assets 518 ---------- Other Property and Investments: Other property at cost less depreciation 316 ---------- Total Other Property and Investments 316 ---------- TOTAL ASSETS $ 834 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 450 Retained earnings 134 Retained earnings - current year 113 ---------- Total Capitalization 698 ---------- Current Liabilities: Total accounts payable 95 ---------- Total Current Liabilities 95 ---------- Noncurrent Liabilities: Deferred income taxes 41 ---------- Total Noncurrent Liabilities 41 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 834 ==========
A.32 NFCO ACQUISITION COMPANY INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 331 ---------- Total Operating Revenue 331 ---------- Cost of Sales: Cost of Sales 91 ---------- Total Cost of Sales 91 ---------- Operating Margin 240 ---------- Operating Expenses and Taxes(Except Income): Administrative and general expense 17 Depreciation and amortization 66 Taxes (Except Income) 1 ---------- Total Operating Expenses and Taxes(Except Income) 84 ---------- Other Income (Deductions) 25 ---------- Income tax expense 68 ---------- NET INCOME (LOSS) $ 113 ==========
A.32 NFCO ACQUISITION COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 134 Net Income 113 ---------- BALANCE AT END OF YEAR $ 247 ==========
A.33 NI-TEX, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 46 Other accounts receivable (17) Accounts receivable - associated companies 5,741 Natural gas in storage, weighted average 23 Prepayments 16 ---------- Total Current Assets 5,809 ---------- Other Property and Investments: Investments at equity 7,197 ---------- Total Other Property and Investments 7,197 ---------- TOTAL ASSETS $ 13,006 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 7,503 Retained earnings - current year 3,090 Dividends - common shares (6,600) ---------- Total Capitalization 3,994 ---------- Current Liabilities: Total accounts payable 7,526 Taxes accrued 21 ---------- Total Current Liabilities 7,547 ---------- Noncurrent Liabilities: Notes payable to associated companies 435 Deferred income taxes 1,030 ---------- Total Noncurrent Liabilities 1,465 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 13,006 ==========
A.33 NI-TEX, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Gas sales $ (50) Intercompany gas sales 47,770 ---------- Total Operating Revenue 47,720 ---------- Cost of Sales: Gas purchases 22 Intercompany gas purchases 45,717 ---------- Total Cost of Sales 45,739 ---------- Operating Margin 1,981 ---------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 324 Taxes (except income) 2 ---------- Total Operating Expenses and Taxes(Except Income) 326 ---------- Other Income (Deductions): Investment income 2,015 Other non-operating income 1,331 Taxes on other income (15) ---------- Total Other Income (Deductions) 3,331 ---------- Interest and other charges 5 ---------- Income tax expense 1,891 ---------- NET INCOME (LOSS) $ 3,090 ==========
A.33 NI-TEX, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 7,503 Net Income 3,090 Dividends declared common (6,600) ---------- BALANCE AT END OF YEAR $ 3,993 ==========
A.34 LAREDO NUECES PIPELINE COMPANY BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.34 LAREDO NUECES PIPELINE COMPANY INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.34 LAREDO NUECES PIPELINE COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.35 MIDTEX GAS STORAGE COMPANY, L.L.P. BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.35 MIDTEX GAS STORAGE COMPANY, L.L.P. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.35 MIDTEX GAS STORAGE COMPANY, L.L.P. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.36 NESI ENERGY MARKETING, L.L.C. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 5,635 Other accounts receivable 53,501 Reserve - customer accounts (171) Accounts receivable - associated companies 7,121 Natural gas in storage, weighted average 10,878 Prepayments 25 ---------- Total Current Assets 76,989 ---------- Other Property and Investments: Other property at cost less depreciation 340 ---------- Total Other Property and Investments 340 ---------- Other Assets: Deferred charges and other 1 ---------- Total Other Assets 1 ---------- TOTAL ASSETS $ 77,330 ========== CAPITALIZATION AND LIABILITIES Capitalization: Additional paid-in-capital $ (1,730) Retained earnings - current year 666 ---------- Total Capitalization (1,064) ---------- Current Liabilities: Total accounts payable 55,562 Taxes accrued 407 Taxes withheld payables (114) ---------- Total Current Liabilities 55,855 ---------- Noncurrent Liabilities: Notes payable to associated companies 23,428 Deferred credits (889) ---------- Total Noncurrent Liabilities 22,539 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 77,330 ==========
A.36 NESI ENERGY MARKETING, L.L.C. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Operating revenue $ 349,204 Intercompany operating revenue 57,595 ---------- Total Operating Revenue 406,799 ---------- Cost of Sales: Cost of sales 398,515 Intercompany cost of sales 3,560 ---------- Total Cost of Sales 402,075 ---------- Operating Margin 4,724 ---------- Operating Expenses and Taxes(Except Income): Operating expenses 73 Administrative and general expenses 2,773 Depreciation and amortization 62 Taxes (except income) 75 ---------- Total Operating Expenses and Taxes(Except Income) 2,983 ---------- Other Income (Deductions) (58) ---------- Interest and other charges 999 ---------- Income tax expense 18 ---------- NET INCOME (LOSS) $ 666 ==========
A.36 NESI ENERGY MARKETING, L.L.C. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance beginning of year $ 0 Net Income 666 ---------- BALANCE AT END OF YEAR $ 666 ==========
A.37 GREEN FUELS, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Notes receivable $ 232 Other accounts receivable 62 Accounts receivable - associated companies 451 Material and supplies at average cost 149 Prepayments 226 ---------- Total Current Assets 1,120 ---------- Other Property and Investments: Other property at cost less depreciation 1,194 Investments at cost 100 ---------- Total Other Property and Investments 1,294 ---------- Other Assets: Deferred charges and other 6 ---------- Total Other Assets 6 ---------- TOTAL ASSETS $ 2,420 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (411) Retained earnings - current year (582) ---------- Total Capitalization (992) ---------- Current Liabilities: Total accounts payable 185 Taxes withheld payables (15) ---------- Total Current Liabilities 170 ---------- Noncurrent Liabilities: Notes payable to associated companies 3,137 Deferred income taxes 14 Deferred credits 91 ---------- Total Noncurrent Liabilities 3,242 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 2,420 ==========
A.37 GREEN FUELS, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Operating revenue $ 208 --------- Total Operating Revenue 208 --------- Cost of Sales: Cost of sales 190 --------- Total Cost of Sales 190 --------- Operating Margin 18 ---------- Operating Expenses and Taxes(Except Income): Operating expenses 63 Administrative and general expenses 611 Depreciation and amortization 54 Taxes (except income) 29 --------- Total Operating Expenses and Taxes(Except Income) 757 --------- Other Income (Deductins) 10 --------- Interest and other charges 205 --------- Income tax expense (352) ---------- NET INCOME (LOSS) $ (582) ==========
A.37 GREEN FUELS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at beginning of year $ (411) Net Income (582) ---------- BALANCE AT END OF YEAR $ (993) ==========
A.38 PARKWAY ENGINEERING AND DISTRIBUTING COMPANY BALANCE SHEET For the Year Ended December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 131 Other accounts receivable 1,530 Reserve-customer accounts (9) Acounts receivable - associated companies 243 Materials and supplies at average cost 383 ----------- Total Current Assets 2,278 ----------- Other Property and Investments: Other property at cost less depreciation 132 ----------- Total Other Property and Investments 132 ----------- Other Assets: Deferred charges and other 545 ----------- Total other assets 545 ----------- TOTAL ASSETS $ 2,955 =========== CAPITALIZATION AND LIABILITIES: Capitalization: Common shares without par value $ 300 Retained earnings (588) Retained earnings - current year (423) ---------- Total Capitalization (711) ---------- Current Liabilities: Total accounts payable 749 Customer deposits 35 Taxes accrued 5 Other accruals 28 Taxes withheld payables 29 ---------- Total Current Liabilities 846 ---------- Noncurrent Liabilities: Notes payable to associated companies 2,689 Deferred income taxes (15) Deferred credits 146 ---------- Total Noncurrent Liabilities 2,820 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 2,955 ==========
A.38 PARKWAY ENGINEERING AND DISTRIBUTING COMPANY INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 3,603 ---------- Total Operating Revenue 3,603 ---------- Cost of Sales: Cost of Sales 2,212 ---------- Total Cost of Sales 2,212 ---------- Operating Margin 1,391 ---------- Operating Expense and Taxes(Except Income): Operating expenses 22 Administrative and general expenses 1,764 Depreciation and amortization 72 Taxes (except income) 135 ---------- Total Operating Expenses and Taxes(Except Income) 1,993 ---------- Other Income (Deductions) 106 ---------- Interest and other charges 182 ---------- Income tax expense (255) ---------- NET INCOME (LOSS) $ (423) ==========
A.38 PARKWAY ENGINEERING AND DISTRIBUTING COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at beginning of year $ (588) Net income (loss) (423) ---------- BALANCE AT END OF YEAR $ (1,011) ==========
A.39 NESI POWER MARKETING, INC. BALANCE SHEET For the Year Ended December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Other accounts receivable $ 24,756 Reserve-customer accounts (25) Acounts receivable - associated companies 175 Prepayments 4 ----------- Total Current Assets 24,910 ----------- Other Property and Investments: Other property at cost less depreciation 1,762 ----------- Total Other Property and Investments 1,762 ----------- Other Assets: Deferred charges and other (362) ----------- Total other assets (362) ----------- TOTAL ASSETS $ 26,310 =========== CAPITALIZATION AND LIABILITIES: Capitalization: Common shares without par value $ 1 Retained earnings - current year (210) ---------- Total Capitalization (209) ---------- Current Liabilities: Total accounts payable 26,169 ---------- Total Current Liabilities 26,169 ---------- Noncurrent Liabilities: Notes payable to associated companies 350 ---------- Total Other Liabilities 350 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 26,310 ==========
A.39 NESI POWER MARKETING, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 169,248 ---------- Total Operating Revenue 169,248 ---------- Cost of Sales: Cost of sales 167,757 ---------- Total Cost of Sales 167,757 ---------- Operating Margin 1,491 ---------- Operating Expense and Taxes(Except Income): Operating expenses 35 Administrative and general expenses 1,434 Depreciation and amortization 2 Taxes (except income) 200 ---------- Total Operating Expense and Taxes(Except Income) 1,671 ---------- Other Income (Deductions) 19 ---------- Interest and other charges 199 ---------- Income tax expense (150) ---------- NET INCOME (LOSS) $ (210) ==========
A.39 NESI POWER MARKETING, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at beginning of year $ 0 Net income (loss) (210) ---------- BALANCE AT END OF YEAR $ (210) ==========
A.40 NESI INTEGRATED ENERGY RESOURCES, INC. BALANCE SHEET For the Year Ended December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Other accounts receivable $ 433 Acounts receivable - associated companies 174 Material and supplies at average cost 3 Natural gas in storage - weighted average 224 Prepayments 51 ----------- Total Current Assets 885 ----------- Other Property and Investments: Other property at cost less depreciation 3 ----------- Total Other Property and Investments 3 ----------- TOTAL ASSETS $ 888 =========== CAPITALIZATION AND LIABILITIES: Capitalization: Common shares without par value $ 1 Retained earnings - current year (285) ---------- Total Capitalization (284) ---------- Current Liabilities: Total accounts payable 387 Taxes accrued 10 ---------- Total Current Liabilities 397 ---------- Noncurrent Liabilities: Notes payable to associated companies 775 ---------- Total Noncurrent Liabilities 775 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 888 ==========
A.40 NESI INTEGRATED ENERGY RESOURCES, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 548 --------- Total Operating Revenue 548 --------- Cost of Sales: Cost of Sales 619 --------- Total Cost of Sales 619 --------- Operating Margin (71) --------- Operating Expense and Taxes(Except Income) Operating expenses 161 Administrative and general expenses 206 --------- Total Operating Expense and Taxes(Except Income) 367 --------- Interest and other charges 20 --------- Income tax expense (173) --------- NET INCOME (LOSS) $ (285) =========
A.40 NESI INTEGRATED ENERGY RESOURCES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at beginning of year $ 0 Net income (loss) (285) --------- BALANCE AT END OF YEAR $ (285) =========
A.41 NESI ENERGY SERVICES COMPANY BALANCE SHEET For the Year Ended December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Other accounts receivable $ 141 Acounts receivable - associated companies 560 Material and supplies at average cost 78 Prepayments 4 ----------- Total Current Assets 783 ----------- Other Property and Investments: Other property at cost less depreciation 149 ----------- Total Other Property and Investments 149 ----------- Other Assets: Deferred charges and other 744 ----------- Total other assets 744 ----------- TOTAL ASSETS $ 1,676 =========== CAPITALIZATION AND LIABILITIES: Capitalization: Common shares without par value $ 1 Retained earnings - current year (842) ---------- Total Capitalization (841) ---------- Current Liabilities: Total accounts payable 530 ---------- Total Current Liabilities 530 ---------- Noncurrent Liabilities: Notes payable to associated companies 1,985 Deferred credits 2 ---------- Total Noncurrent Liabilities 1,987 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,676 ==========
A.41 NESI ENERGY SERVICES COMPANY INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 886 ---------- Total Operating Revenue 886 ---------- Cost of Sales: Cost of sales 435 ---------- Total Cost of Sales 435 ---------- Operating Margin 451 ---------- Operating Expense and Taxes(Except Income): Operating expenses 13 Administrative and general expenses 1,723 Depreciation and amortization 10 Taxes (except income) 8 ---------- Total Operating Expense and Taxes(Except Income) 1,754 ---------- Interest and other charges 53 ---------- Income tax expense (514) ---------- NET INCOME (LOSS) $ (842) ==========
A.41 NESI ENERGY SERVICES COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at beginning of year $ 0 Net income (loss) (842) ---------- BALANCE AT END OF YEAR $ (842) =========
A.42 NIPSCO ENERGY SERVICE CANADA, LIMITED BALANCE SHEET For the Year Ended December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Notes receivable $ 350 Other accounts receivable 8 Notes receivable - associated companies 8,250 ----------- Total Current Assets 8,608 ----------- Other Property and Investments: Investments at equity 6,314 ----------- Total Other Property and Investments 6,314 ----------- TOTAL ASSETS $ 14,922 =========== CAPITALIZATION AND LIABILITIES: Capitalization: Common shares without par value $ 7,011 Foreign currency tranlation adjustment (149) Retained earnings (2,397) Retained earnings - current year (15) ---------- Total Capitalization 4,450 ---------- Current Liabilities: Total accounts payable 291 ---------- Total Current Liabilities 291 ---------- Noncurrent Liabilities: Notes payable to associated companies 10,173 Deferred credits 8 ---------- Total Noncurrent Liabilities 10,181 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 14,922 ==========
A.42 NIPSCO ENERGY SERVICES CANADA, LIMITED INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Expense and Taxes(Except Income) Administrative and general expenses $ 132 ---------- Total Operating Expense and Taxes(Except Income) 132 ---------- Other Income (Deductions) (680) ---------- Income (loss) before subsidiaries (812) ---------- Subsidiary gain (loss) 797 ---------- NET INCOME (LOSS) $ (15) ==========
A.42 NIPSCO ENERGY SERVICES CANADA, LIMITED STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance - beginning of year $ (2,397) Net income (loss) (15) ---------- BALANCE AT END OF YEAR $ (2,412) ==========
A.43 SOUTHLAKE ENERGY INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Other accounts receivable $ 427 Accounts receivable-associated companies 350 ---------- Total Current Assets 777 ---------- Other Property and Investments: Other property at cost less depreciation 22,300 ---------- Total Other Property and Investments 22,300 ---------- Other Assets: Deferred charges and other 153 ---------- Total Other Assets 153 ---------- TOTAL ASSETS $ 23,230 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 3,434 Foreign currency translation adjustment (192) Retained earnings 869 Retained earnings - current year 797 ---------- Total Capitalization 4,908 ---------- Current Liabilities: Total accounts payable 1,090 Other accruals 243 ---------- Total Current Liabilities 1,333 ---------- Noncurrent Liabilities: Notes payable to associated companies 8,250 Note payable 7,670 Deferred income taxes 1,069 ---------- Total Noncurrent Liabilities 16,989 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 23,230 ==========
A.43 SOUTHLAKE ENERGY INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 5,747 ---------- Total Operating Revenue 5,747 ---------- Cost of Sales: Cost of sales 1,658 ---------- Total Cost of Sales 1,658 ---------- Operating Margin 4,089 ---------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 671 Depreciation and amortization 2,388 ---------- Total Operating Expenses and Taxes(Except Income) 3,059 ---------- Interest and other charges 180 ---------- Income tax expense 53 ---------- NET INCOME (LOSS) $ 797 ==========
A.43 SOUTHLAKE ENERGY INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 869 Net Income 797 ---------- BALANCE AT END OF YEAR $ 1,666 ==========
A.44 NESI ENERGY MARKETING CANADA, LTD. BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.44 NESI ENERGY MARKETING CANADA, LTD. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.44 NESI ENERGY MARKETING CANADA, LTD. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.45 TRIUMPH NATURAL GAS, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.45 TRIUMPH NATURAL GAS, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.45 TRIUMPH NATURAL GAS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.46 NIPSCO DEVELOPMENT COMPANY, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 13 Notes receivable 592 Other accounts receivable 581 Accounts receivable - associated companies 4,965 Notes receivable - associated companies 2,165 Prepayments 16 ---------- Total Current Assets 8,332 ---------- Other Property and Investments: Other property at cost less depreciation 7,459 Investments at equity 43,094 Investments at cost 3,420 ---------- Total Other Property and Investments 53,973 ---------- Other Assets: Deferred charges and other (460) ---------- Total Other Assets (460) ---------- TOTAL ASSETS $ 61,845 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Foreign currency translation adjustment (758) Retained earnings (41,137) Retained earnings - current year (7,863) ---------- Total Capitalization (49,757) ---------- Current Liabilities: Total accounts payable 1,996 Taxes accrued 720 Taxes withheld payables (99) ---------- Total Current Liabilities 2,617 ---------- Noncurrent Liabilities: Notes payable to associated companies 114,813 Deferred income taxes (8,025) Deferred credits 2,197 ---------- Total Noncurrent Liabilities 108,985 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 61,845 ==========
A.46 NIPSCO DEVELOPMENT COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 3,881 ---------- Total Revenue 3,881 ---------- Operating Expenses and Taxes(Except Income): Operating Expense 75 Administrative and general expenses 2,141 Depreciation and amortization 784 Taxes (except income) 31 ---------- Total Operating Expenses and Taxes (Except Income) 3,031 ---------- Other Income (Deductions): Non-operating income 2,486 Taxes on other income (735) ---------- Total Other Income (Deductions) 1,751 ---------- Interest and other charges 9,327 ---------- Income tax expense (2,944) ---------- Income (Loss) Before Subsidiaries (3,782) ---------- Subsidiary Gain (Loss) (4,081) ---------- NET INCOME (LOSS) $ (7,863) ==========
A.46 NIPSCO DEVELOPMENT COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ (41,137) Net Income (7,863) ---------- BALANCE AT END OF YEAR $ (49,000) ==========
A.47 ANALYTIC SYSTEMS LABORATORIES, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 235 Other accounts receivable 184 Material and supplies at average cost 244 Prepayments 22 ---------- Total Current Assets 685 ---------- Other Property and Investments: Other property at cost less depreciation 143 ---------- Total Other Property and Investments 143 ---------- Other Assets: Deferred charges and other 2 ---------- Total Other Assets 2 ---------- TOTAL ASSETS $ 830 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 561 Retained earnings (3,096) Retained earnings - current year (640) ---------- Total Capitalization (3,175) ---------- Current Liabilities: Total accounts payable 1,834 Other accruals 6 ---------- Total Current Liabilities 1,840 ---------- Noncurrent Liabilities: Notes payable to associated companies 2,165 ---------- Total Noncurrrent Liabilities 2,165 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 830 ==========
A.47 ANALYTIC SYSTEMS LABORATORIES, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 1,470 ---------- Total Operating Revenue 1,470 ---------- Cost of Sales: Cost of Sales 551 ---------- Total Cost of Sales 551 ---------- Operating Margin 919 ---------- Operating Expenses and Taxes(Except Income): Operating expenses 122 Administrative and general expenses 1,328 Depreciation and amortization 54 Taxes (except income) 58 ---------- Total Operating Expenses and Taxes(Except Income) 1,562 ---------- Other Income (Deductions) 5 ---------- Income tax expense 2 ---------- NET INCOME (LOSS) $ (640) ==========
A.47 ANALYTIC SYSTEMS LABORATORIES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ (3,096) Net Income (640) ---------- BALANCE AT END OF YEAR $ (3,736) ==========
A.48 PROTONICS RESEARCH, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.48 PROTONICS RESEARCH, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.48 PROTONICS RESEARCH, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.49 FUELMAKER CORPORATION BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.49 FUELMAKER CORPORATION INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.49 FUELMAKER CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.50 G. R. CLARK CORPORATION BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 1,011 Other accounts receivable 418 Accounts receivable - associated companies 2 Prepayments 2 ---------- Total Current Assets 1,433 ---------- Other Property and Investments: Other property at cost less depreciation 3 ---------- Total Other Property and Investments 3 ---------- TOTAL ASSETS $ 1,436 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 2,236 Retained earnings (985) Retained earnings - current year 17 ---------- Total Capitalization 1,269 ---------- Current Liabilities: Total accounts payable (22) ---------- Total Current Liabilities (22) ---------- Noncurrent Liabilities: Notes payable to associated companies 30 Deferred income taxes 159 ---------- Noncurrent Liabilities 189 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,436 ==========
A.50 G. R. CLARK CORPORATION INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Expenses and Taxes(Except Income): Administrative and general expenses $ 19 ---------- Total Operating Expenses and Taxes(Except Income) 19 ---------- Other Income (Deductions) 46 ---------- Income tax expense 10 ---------- NET INCOME (LOSS) $ 17 ==========
A.50 G. R. CLARK CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ (985) Net Income 17 ---------- BALANCE AT END OF YEAR $ (968) ==========
A.51 INTERNATIONAL POLYMER CORP. BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.51 INTERNATIONAL POLYMER CORP. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.51 INTERNATIONAL POLYMER CORP. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.52 JOF TRANSPORTATION COMPANY BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 516 Accounts receivable - associated companies 78 Notes receivable - associated companies 1,611 ---------- Total Current Assets 2,205 ---------- Other Property and Investments: Investments at equity 3,319 ---------- Total Other Property and Investments 3,319 ---------- TOTAL ASSETS $ 5,524 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 3,305 Retained earnings - current year 988 ---------- Total Capitalization 4,294 ---------- Current Liabilities: Total accounts payable 625 Taxes accrued (11) ---------- Total Current Liabilities 614 ---------- Noncurrent Liabilities: Deferred income taxes 616 ---------- Noncurrent Liabilities: 616 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 5,524 ==========
A.52 JOF TRANSPORTATION COMPANY INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Expenses and Taxes(Except Income): Administrative and general expenses 32 Taxes (except income) 24 ---------- Total Operating Expenses and Taxes(Except Income) 56 ---------- Other Income (Deductions): Investment income 1,476 Non-operating income 156 ---------- Total Other Income (Deductions) 1,632 ---------- Income tax expense 588 ---------- NET INCOME (LOSS) $ 988 ==========
A.52 JOF TRANSPORTATION COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 3,305 Net Income 988 ---------- BALANCE AT END OF YEAR $ 4,293 ==========
A.53 KOGAF ENTERPRISES, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 56 Notes receivable 138 Other accounts receivable 14 Notes receivable - associated companies 1,780 ---------- Total Current Assets 1,988 ---------- Other Property and Investments: Investments at equity 163 ---------- Total Other Property and Investments 163 ---------- TOTAL ASSETS $ 2,151 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 2,103 Retained earnings (30) Retained earnings - current year 62 ---------- Total Capitalization 2,135 ---------- Current Liabilities: Total accounts payable 48 ---------- Total Current Liabilities 48 ---------- Noncurrent Liabilities: Deferred income taxes (32) ---------- Noncurrent Liabilities (32) ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 2,151 ==========
A.53 KOGAF Enterprises, Inc. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 130 ---------- Total Operating Revenue 130 ---------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 9 ---------- Total Operating Expenses and Taxes(Except Income) 9 ---------- Other Income (Deductions) (59) ---------- NET INCOME (LOSS) $ 62 ==========
A.53 KOGAF ENTERPRISES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ (30) Net Income 62 ---------- BALANCE AT END OF YEAR $ 32 ==========
A.54 LAKE ERIE LAND COMPANY BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 298 Notes receivable 849 Other accounts receivable 23 Accounts receivable - associated companies 2,783 Prepayments 552 ---------- Total Current Assets 4,505 ---------- Other Property and Investments: Other property at cost less depreciation 19,375 Investments at equity (546) Investments at cost 22,778 ---------- Total Other Property and Investments 41,607 ---------- Other Assets: Deferred charges and other 293 ---------- Total Other Assets 293 ---------- TOTAL ASSETS $ 46,405 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in capital 42,871 Retained earnings (5,800) Retained earnings - current year (2,219) Long term debt excluding amounts due within one year 2,636 ---------- Total Capitalization 37,489 ---------- Current Liabilities: Total accounts payable 1,964 Customer deposits 4 Taxes accrued 185 Accrued interest 22 Other accruals 101 ---------- Total Current Liabilities 2,276 ---------- Noncurrent Liabilities: Notes payable to associated companies 6,640 ---------- Total Noncurrent Liabilities 6,640 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 46,405 ==========
A.54 LAKE ERIE LAND COMPANY INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 2,963 ---------- Total Operating Revenue 2,963 ---------- Cost of Sales: Cost of sales 1,506 ---------- Total Cost of Sales 1,506 ---------- Operating Margin 1,457 ---------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 2,436 Depreciation and amortization 1,135 Taxes (except income) 248 ---------- Total Operating Expenses and Taxes(Except Income) 3,819 ---------- Other Income (Deductions) 3 ---------- Interest and other charges 809 ---------- Income tax expense (1,192) ---------- Income (Loss) Before Subsidiaries (1,976) ---------- Subsidiary Gain (Loss) (243) ---------- NET INCOME (LOSS) $ (2,219) ==========
A.54 LAKE ERIE LAND COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ (5,800) Net Income (2,219) ---------- BALANCE AT END OF YEAR $ (8,019) ==========
A.55 SCC SERVICES, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 433 Other accounts receivable 336 Material and supplies at average cost 238 ---------- Total Current Assets 1,007 ---------- Other Assets: Deferred charges and other 46 ---------- Total Other Assets 46 ---------- TOTAL ASSETS $ 1,053 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 57 Retained earnings (360) Retained earnings - current year (243) ---------- Total Capitalization (545) ---------- Current Liabilities: Total accounts payable 1,557 ---------- Total Current Liabilities 1,557 ---------- Noncurrent Liabilities: Deferred credits 41 ---------- Noncurrent Liabilities 41 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,053 ==========
A.55 SCC SERVICES, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 4,517 ---------- Total Operating Revenues 4,517 ---------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 4,652 Taxes (except income) 263 ---------- Total Operating Expenses and Taxes(Except Income) 4,915 ---------- Other Income (Deductions) 7 ---------- Interest and other charges 1 ---------- Income tax expense (149) ---------- NET INCOME (LOSS) $ (243) ==========
A.55 SCC SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ (360) Net Income (243) ---------- BALANCE AT END OF YEAR $ (603) ==========
A.56 N SQUARED AVIATION, LLC BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.56 N SQUARED AVIATION, LLC INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.56 N SQUARED AVIATION, LLC STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.57 NDC DOUGLAS PROPERTIES, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 46 Notes receivable 59 Accounts receivable - associated companies 5,357 ---------- Total Current Assets 5,462 ---------- Other Property and Investments: Investments at equity 30,087 ---------- Total Other Property and Investments 30,087 ---------- TOTAL ASSETS $ 35,549 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 805 Retained earnings - current year 465 Long term debt excluding amounts due 23,592 ---------- Total Capitalization 24,863 ---------- Current Liabilities: Total accounts payable 40 Interest accrued 1,773 Other accruals 3,510 ---------- Total Current Liabilities 5,323 ---------- Noncurrent Liabilities: Notes payable to associated companies 3,008 Deferred income taxes 2,355 ---------- Noncurrent Liabilities 5,363 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 35,549 ==========
A.57 NDC DOUGLAS PROPERTIES, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 130 ---------- Total Operating Revenue 130 ---------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 22 Taxes (except income) 3 ---------- Total Operating Expenses and Taxes(Except Income) 25 ---------- Other Income (Deductions) (1,438) ---------- Interest and other charges 2,802 ---------- Income tax expense (4,600) ---------- NET INCOME (LOSS) $ 465 ==========
A.57 NDC DOUGLAS PROPERTIES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 805 Net Income 465 ---------- BALANCE AT END OF YEAR $ 1,270 ==========
A.58 NIPSCO INTERNATIONAL POWER SYSTEMS COMPANY BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 1 ---------- Total Current Assets 1 ---------- TOTAL ASSETS $ 1 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (2) Retained earnings - current year (1) ---------- Total Capitalization (2) ---------- Noncurrent Liabilities: Notes payable to associated companies 3 ---------- Total Noncurrent Liabilities 3 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1 ==========
A.58 NIPSCO INTERNATIONAL POWER SYSTEMS COMPANY INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues $ 0 --------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 1 --------- Total Operating Expenses and Taxes(Except Income) 1 --------- NET INCOME (LOSS) $ (1) =========
A.58 NIPSCO INTERNATIONAL POWER SYSTEMS COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ (2) Net Income (1) ---------- BALANCE AT END OF YEAR $ (3) ==========
A.59 NIPSCO SECURITY SERVICES, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 83 Other accounts receivable 315 Reserve - customer accounts (21) Accounts receivable - associated companies 579 Material and supplies at average cost 1,117 Prepayments 20 ---------- Total Current Assets 2,093 ---------- Other Property and Investments: Other property at cost less depreciation 275 ---------- Total Other Property and Investments 275 ---------- Other Assets: Deferred charges and other 15 ---------- Total Other Assets 15 ---------- TOTAL ASSETS $ 2,383 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 54 Retained earnings (2,270) Retained earnings - current year (931) ---------- Total Capitalization (3,146) ---------- Current Liabilities: Total accounts payable 419 Customer deposits 61 Taxes accrued (2) Taxes withheld payables (48) ---------- Total Current Liabilities 430 ---------- Noncurrent Liabilities: Notes payable to associated companies 4,940 Deferred income taxes (21) Deferred credits 180 ---------- Total Noncurrent Liabilities 5,099 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 2,383 ==========
A.59 NIPSCO SECURITY SERVICES, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 2,025 ---------- Total Operating Revenue 2,025 ---------- Cost of Sales: Cost of Sales 1,040 ---------- Total Cost of Sales 1,040 ---------- Operating Margin 985 ---------- Operating Expenses and Taxes(Except Income): Operating expenses 194 Administrative and general expenses 1,717 Depreciation and amortization 46 Taxes (except income) 93 ---------- Total Operating Expenses and Taxes(Except Income) 2,050 ---------- Interest and other charges 441 ---------- Income tax expense (575) ---------- NET INCOME (LOSS) $ (931) ==========
A.59 NIPSCO SECURITY SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ (2,270) Net Income (931) ---------- BALANCE AT END OF YEAR $ (3,201) ==========
A.60 RIC, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 125 Other accounts receivable 270 Accounts receivable - associated companies 15 Notes receivable - associated companies 300 ---------- Total Current Assets 710 ---------- Other Property and Investments: Other property at cost less depreciation 21 Investments at equity 356 ---------- Total Other Property and Investments 377 ---------- TOTAL ASSETS $ 1,087 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 327 Retained earnings - current year 392 ---------- Total Capitalization 720 ---------- Current Liabilities: Total accounts payable 316 Taxes withheld payables (9) ---------- Total Current Liabilities 307 ---------- Noncurrent Liabilities: Deferred income taxes 60 ---------- Noncurrent Liabilities 60 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,087 ==========
A.60 RIC, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Operating revenue $ 1,677 ---------- Total Operating Revenue 1,677 ---------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 1,262 Depreciation and amortization 3 Taxes (except income) 20 ---------- Total Operating Expenses and Taxes(Except Income) 1,285 ---------- Other Income (Deductions) 1 ---------- Interest and other charges 7 ---------- Income tax expense 147 ---------- Income (Loss) Before Subsidiaries 239 ---------- Subsidiary Gain (Loss) 153 ---------- NET INCOME (LOSS) $ 392 ==========
A.60 RIC, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 327 Net Income 392 ---------- BALANCE AT END OF YEAR $ 719 ==========
A.61 CARDINAL PROPERTY MANAGEMENT, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 114 Accounts receivable - associated companies 109 Notes receivable - associated companies 230 ---------- Total Current Assets 453 ---------- Other Property and Investments: Other property at cost less depreciation 35 ---------- Total Other Property and Investments 35 ---------- TOTAL ASSETS $ 488 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 202 Retained earnings - current year 153 ---------- Total Capitalization 356 ---------- Current Liabilities: Total accounts payable 129 ---------- Total Current Liabilities 129 ---------- Noncurrent Liabilities: Deferred income taxes 3 ---------- Noncurrent Liabilities 3 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 488 ==========
A.61 CARDINAL PROPERTY MANAGEMENT, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 257 ---------- Total Operating Revenue 257 ---------- Operating Expenses and Taxes(Except Income): Administrative and general expenses 22 Depreciation and amortization 8 Taxes (except income) 2 ---------- Total Operating Expenses and Taxes(Except Income) 32 ---------- Other Income (Deductions) 17 ---------- Income tax expense 89 ---------- NET INCOME (LOSS) $ 153 ==========
A.61 CARDINAL PROPERTY MANAGEMENT, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 202 Net Income 153 ---------- BALANCE AT END OF YEAR $ 355 ==========
A.62 RIVERSIDE CALORIC COMPANY BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 2 Accounts receivable - associated companies 116 ---------- Total Current Assets 118 ---------- Other Property and Investments: Investments at equity 1,342 ---------- Total Other Property and Investments 1,342 ---------- TOTAL ASSETS $ 1,460 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (315) Retained earnings - current year (543) ---------- Total Capitalization (857) ---------- Current Liabilities: Total accounts payable 58 Taxes accrued (16) ---------- Total Current Liabilities 42 ---------- Noncurrent Liabilities: Notes payable to associated companies 2,646 Deferred income taxes (371) ---------- Noncurrent Liabilities 2,275 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,460 ==========
A.62 RIVERSIDE CALORIC COMPANY INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Expenses and Taxes(Except Income): Administrative and general expenses $ 2 ---------- Total Operating Expenses and Taxes(Except Income) 2 ---------- Other Income (Deductions) (658) ---------- Interest and other charges 214 ---------- Income tax expense (331) ---------- NET INCOME (LOSS) $ (543) ==========
A.62 RIVERSIDE CALORIC COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ (315) Net Income (543) ---------- BALANCE AT END OF YEAR $ (858) ==========
A.63 PROGENI, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 1 Other accounts receivable 2 Accounts receivable - associated companies 163 ---------- Total Current Assets 166 ---------- Other Property and Investments: Investments at equity 30 ---------- Total Other Property and Investments 30 ---------- TOTAL ASSETS $ 196 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings - current year (240) ---------- Total Capitalization (239) ---------- Current Liabilities: Total accounts payable 104 Taxes withheld payables (9) ---------- Total Current Liabilities 95 ---------- Noncurrent Liabilities: Notes payable to associated companies 340 ---------- Noncurrent Liabilities 340 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 196 ==========
A.63 PROGENI, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Expenses and Taxes(Except Income): Administrative and general expenses 371 Depreciation and amortization 1 Taxes (except income) 12 ---------- Total Operating Expenses and Taxes(Except Income) 384 ---------- Interest and other charges 3 ---------- Income tax expense (147) ---------- NET INCOME (LOSS) $ (240) ==========
A.63 PROGENI, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 0 Net Income (240) ---------- BALANCE AT END OF YEAR $ (240) ==========
A.64 SUN POWER CORPORATION BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.64 SUN POWER CORPORATION INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.64 SUN POWER CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.65 KOKOMO GAS AND FUEL COMPANY BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Utility Plant: Utility Plant $ 72,378 Less - accumulated provision for depreciation (29,127) ---------- Total Utility Plant 43,251 ---------- Other Property and Investments: Investments at cost 5 ---------- Total Other Property and Investments 5 ---------- Current Assets: Cash and cash equivalents 1,841 Accounts receivable, less reserve 4,815 Gas cost adjustment clause 1,875 Material and supplies at average cost 354 Natural gas in storage, weighted average 743 Prepayments and other 4,851 ---------- Total Current Assets 14,479 ---------- Other Assets: Regulatory assets 503 Deferred charges and other 75 ---------- Total Other Assets 578 ---------- TOTAL ASSETS $ 58,313 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 46,170 Retained earnings (873) ---------- Total Capitalization 45,297 ---------- Current Liabilities: Total accounts payable 4,874 Customer deposits 426 Taxes accrued 412 Interest accrued 107 Other accruals 1,176 ---------- Total Current Liabilities 6,995 ---------- Noncurrent Liabilities: Deferred income taxes 3,016 Deferred income tax credits amortized 645 Deferred credits 10 Postretirement accrued benefits 503 Regulatory income tax liability 1,477 Other non-current liabilities 370 ---------- Noncurrent Liabilities 6,021 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 58,313 ==========
A.65 KOKOMO GAS AND FUEL COMPANY INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Gas $ 31,008 ---------- Total Operating Revenue 31,008 ---------- Cost of Sales: Purchased gas 18,821 ---------- Operating Margin 12,187 ---------- Operating Expenses and Taxes(Except Income): Operation expenses 3,359 Administrative and general expenses 2,307 Depreciation and amortization 1,495 Taxes (except income) 979 ---------- Total Operating Expenses and Taxes(Except Income) 8,140 ---------- Other Income (Deductions) (262) ---------- Interest and other charges 1 ---------- Income tax expense 1,474 ---------- NET INCOME (LOSS) $ 2,310 ==========
A.65 KOKOMO GAS AND FUEL COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ (783) Net Income 2,310 Dividends declared common (2,400) ---------- BALANCE AT END OF YEAR $ (873) ==========
A.66 KGF TRADING COMPANY BALANCE SHEET December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.66 KGF TRADING COMPANY INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) (No Activity) $ 0 ==========
A.66 KGF TRADING COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.67 NORTHERN INDIANA FUEL AND LIGHT COMPANY, INC. BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Utility Plant: Utility Plant $ 64,518 Less - accumulated provision for depreciation (18,640) ---------- Total Utility Plant 45,878 ---------- Other Property and Investments: Investments at equity 1,657 Investments at cost 3 ---------- Total Other Property and Investments 1,660 ---------- Current Assets: Cash and cash equivalents 285 Accounts receivable, less reserve 6,156 Gas adjustment clause 1,596 Material and supplies at average cost 433 Natural gas in storage, weighted average 3,688 Prepayments and other 3,811 ---------- Total Current Assets 15,969 ---------- Other Assets: Regulatory assets 322 Deferred charges and other (1) ---------- Total Other Assets 321 ---------- TOTAL ASSETS $ 63,828 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 30,674 Additional paid-in-capital 7,295 Retained earnings 10,334 ---------- Total Capitalization 48,303 ---------- Current Liabilities: Total accounts payable 5,116 Customer deposits 144 Taxes accrued 760 Interest accrued 26 Other accruals 1,656 ---------- Total Current Liabilities 7,702 ---------- Noncurrent Liabilities: Deferred income taxes 3,175 Deferred income tax credits amortized 474 Deferred credits 2,123 Regulatory income tax liability 2,051 ---------- Noncurrent Liabilities 7,823 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 63,828 ==========
A.67 NORTHERN INDIANA FUEL AND LIGHT COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Gas $ 36,594 ---------- Total Operating Revenue 36,594 ---------- Cost of Sales: Purchased gas 23,687 ---------- Total Cost of Sales 23,687 ---------- Operating Margin 12,907 ---------- Operating Expenses and Taxes(Except Income): Operation expenses 3,676 Administrative and general expenses 3,272 Depreciation and amortization 1,203 Taxes (except income) 774 ---------- Total Operating Expenses and Taxes(Except Income) 8,925 ---------- Other Income (Deductions) (109) ---------- Interest and other charges 61 ---------- Income tax expense 1,495 ---------- Income before subsidiaries 2,317 ---------- Subsidiary Gain (Loss) 445 ---------- NET INCOME (LOSS) $ 2,762 ==========
A.67 NORTHERN INDIANA FUEL AND LIGHT COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 7,572 Net Income 2,762 ---------- BALANCE AT END OF YEAR $ 10,334 ==========
A.68 NORTHERN INDIANA TRADING COMPANY BALANCE SHEET December 31, 1997 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 81 Other accounts receivable 1,669 Accounts receivable - associated companies 769 ---------- Total Current Assets 2,519 ---------- Other Property and Investments: Other property at cost less depreciation 947 ---------- Total Other Property and Investments 947 ---------- TOTAL ASSETS $ 3,466 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 1,211 Retained earnings - current year 445 ---------- Total Capitalization 1,657 ---------- Current Liabilities: Total accounts payable 1,387 Taxes accrued 361 Refunds due customers within one year (7) Other accruals 1 Taxes withheld payables 1 ---------- Total Current Liabilities 1,743 ---------- Noncurrent Liabilities: Deferred income taxes 66 ---------- Noncurrent Liabilities 66 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 3,466 ==========
A.68 NORTHERN INDIANA TRADING COMPANY INCOME STATEMENT For the Year Ended December 31, 1997 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 13,891 ---------- Total Operating Revenue 13,891 ---------- Cost of Sales: Cost of Sales 12,639 ---------- Total Cost of Sales 12,639 ---------- Operating Margin 1,252 ---------- Operating Expenses and Taxes(Except Income): Operating expenses 277 Depreciation and amortization 171 Taxes (except income) 27 ---------- Total Operating Expenses and Taxes(Except Income) 475 ---------- Other Income (Deductions) (321) ---------- Income tax expense 11 ---------- NET INCOME (LOSS) $ 445 ==========
A.68 NORTHERN INDIANA TRADING COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1997 (Dollars in Thousands) Balance at Beginning of Year $ 1,211 Net Income 445 ---------- BALANCE AT END OF YEAR $ 1,656 ==========
EX-99 4 EXHIBIT-99.B NIPSCO Industries, Inc. The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on the 27th day of February, 1998. NIPSCO Industries, Inc. By /s/ Nina M. Rausch ---------------------------- Corporate Seal Nina M. Rausch Attest: Secretary Nina M. Rausch Secretary Name, title and address of officer to whom notices and correspondence concerning this statement should be addressed: Stephen P. Adik Executive Vice President and Chief Financial Officer and Treasurer NIPSCO Industries, Inc. 801 E. 86th Avenue Merrillville, Indiana 46410 -----END PRIVACY-ENHANCED MESSAGE-----