-----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, ASZQID+ZEZaC7Hl0w2P8sEz9YqPjGIyhFDsQr3aO0CV1RH3s59dp/cB40pvtxZvn sBg7+5bh236116FRfbgMgQ== 0000823392-99-000001.txt : 19990301 0000823392-99-000001.hdr.sgml : 19990301 ACCESSION NUMBER: 0000823392-99-000001 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990226 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: 99550852 BUSINESS ADDRESS: STREET 1: 801 E 86TH AVENUE CITY: MERRILLVILLE STATE: IN ZIP: 46410 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, 1998.
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 Merrillville, Captive insurance Insurance Services, Ltd. Indiana program NI Telecomm, Inc.(7) Indiana Merrillville, Inactive Indiana Crossroads Pipeline Indiana Merrillville, Interstate gas Company (7) Indiana transmission NIPSCO Capital Markets, Indiana Hammond, Funding agent for Inc. Indiana all subsidiaries other than Northern Indiana Public Service Company NEM Acquisition Indiana Merrillville, Holding company Corporation (7) 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 Liberty 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 Indianapolis, 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 Merrillville Arranges energy- Indiana related projects Harbor Coal Company (3) Indiana Merrillville Coal pulverization Indiana 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 Ironside Energy Indiana Merrillville, Power generation Corporation (3) Indiana project company Oilside Energy Indiana Merrillville, Power generation Corporation (3) Indiana project company Northern Indiana Public Indiana Hammond, Electric and Service Company Indiana gas utility NIPSCO Exploration Indiana Hammond, Gas exploration Company, Inc. (4) Indiana investment in off-shore Gulf of Mexico oil and gas leases Shore Line Shops, Indiana Hammond, Real estate Inc. (4) Indiana purchase and sale of transferred employees residences NI Energy Services, Indiana Merrillville, Holding company for Inc. Indiana energy-related diversified projects and subsidiaries Market Hub Partners, Delaware Wilmington, General partner of Inc. (6) Delaware Market Hub Partners, L.P. Market Hub Partners, Delaware Lansdowne, Natural gas L.P. (5)(24) Virginia storage Inventory Management and Texas Houston, Energy risk Distribution Company, Texas management L.L.C. (6) and gas storage optimization NIPSCO Fuel Company, Indiana Merrillville, Investments in Inc. (7) Indiana gas and oil ventures Bristol Resources Delaware Tulsa, Oil and gas Production Company, Oklahoma exploration L.L.C. (8) and production NFCO Acquisition Company Texas Dallas, Investment in (9) Texas gas and oil properties NI-TEX, Inc. (7) Indiana Merrillville, Gas supply and Indiana transportation NI-TEX Gas Services, Delaware Dallas, Gas storage Inc. (7) Texas Laredo Nueces Pipeline Texas Dallas, Intrastate gas Company (21) Texas pipeline company Midtex Gas Storage Texas Matagorda Gas storage and Company, L.L.P. (22) County, Texas intrastate pipeline company NESI Energy Marketing, Indiana Merrillville, Marketing of natural L.L.C. (10) (11) Indiana gas energy and energy services Green Fuels, Inc. (7) Indiana Merrillville, Alternative Indiana fuels NI Energy Services Indiana Merrillville, Gas Pipeline Transportation, Inc. (7) Indiana NESI Power Marketing, Indiana Merrillville, Electric Inc. (7) Indiana brokering NESI Integrated Energy Indiana Merrillville, Retail gas Resources, Inc. (7) Indiana marketing NESI Solutions, Indiana Merrillville, Energy consulting Inc. (7) Indiana commercial lighting NIPSCO Energy Services Alberta Calgary, Holding company Canada Ltd. (7) Alberta for subsidiaries NESI Canadian Holdings, Indiana Merrillville, Holding company for Inc. (7) Indiana energy-related diversified projects and subsidiaries NI Canada ULC (23) Nova Scotia Calgary, Investment in gas Alberta and oil properties NI Energy Services Indiana Merrillville, Gas Pipeline Development Corporation (7) Indiana Portland Natural Gas Maine Portsmouth, Gas Pipeline Transmission System (26) New Hampshire Canor Energy Ltd. (25) Alberta Calgary, Development and Alberta investment in gas and oil properties in western Canada NESI Energy Marketing Alberta Calgary, Inactive Canada, Ltd. (12) Alberta (In bankruptcy) NIPSCO Development Indiana Merrillville, Holding company Company, Inc. Indiana (including real estate development investments) Analytic Systems Indiana Hobart, Fluid filtration Laboratories, Inc. (13) Indiana systems Protonics Research, Inc. Indiana Merrillville, Energy research (13) Indiana and development International Polymer Indiana Merrillville, Inactive Corporation (14) Indiana JOF Transportation Indiana Merrillville, Rail freight Company (14) Indiana venture KOGAF Enterprises, Inc. Indiana Kokomo, Real estate (14) Indiana investments Lake Erie Land Company Indiana Merrillville, Development Inc. (14) Indiana of commercial and residential real estate SCC Services, Inc. (15) Indiana Merrillville, Operation of Indiana golf course N Squared Aviation, Delaware Griffith, Aircraft LLC (16) Indiana leasing NDC Douglas Properties, Indiana Merrillville, Affordable Inc. (14) Indiana housing projects NIPSCO International Indiana Merrillville, Inactive Power Systems Company (14) Indiana NIPSCO Security Services, Indiana Merrillville, Security services Inc. (7) Indiana Customer Information Indiana Merrillville, Consulting services Services, Inc. (14) Indiana for customer information systems Cardinal Property Indiana Merrillville, Building and Management, Inc. (14) Indiana property management Progeni, Inc. Illinois Chicago, Energy product (14) Illinois development Sun Power California Sunnyvale, Silicon-based Corporation (20) California semiconductor products Kokomo Gas and Fuel Indiana Kokomo, Gas utility Company Indiana KGF Trading Indiana Kokomo, Gas brokering Company (19) Indiana Northern Indiana Fuel and Indiana Auburn, Gas utility Light Company, Inc. Indiana Northern Indiana Trading Indiana Auburn, Gas brokering Company (18) Indiana (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 NI Energy Services, Inc. (6) Minority-owned interest of NI Energy Services, Inc. (7) Wholly-owned subsidiary of NI Energy Services, Inc. (8) Majority-owned interest of NIPSCO Fuel Company, Inc. (9) Wholly-owned subsidiary of NIPSCO Fuel Company, Inc. (10) Majority-owned interest of NI Energy Services, Inc. (11) Minority-owned interest of NEM Acquisition Corporation. (12) Majority-owned subsidiary of NIPSCO Energy Services Canada Ltd. (13) Majority-owned subsidiary of NIPSCO Development Company, Inc. (14) Wholly-owned subsidiary of NIPSCO Development Company, Inc. (15) Wholly-owned subsidiary of Lake Erie Land Company. (16) Minority-owned interest of NIPSCO Development Company, Inc. (17) Wholly-owned subsidiary of Customer Information Services, Inc. (18) Wholly-owned subsidiary of Northern Indiana Fuel and Light Company, Inc. (19) Wholly-owned subsidiary of Kokomo Gas and Fuel Company. (20) Minority-owned interest of NIPSCO Development Company, Inc. (21) 50% owned interest of NI-TEX, Inc. (22) Minority-owned interest of NI-TEX Gas Services, Inc. (23) Wholly-owned subsidiary of NESI Canadian Holdings, Inc. (24) Minority-owned interest of Market Hub Partners, Inc. (25) Minority-owned interest of NI Canada ULC. (26) Minority-owned interest of NI Energy Services Development Corporation.
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, 1998, served approximately 671,200 customers with gas and approximately 421,000 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 291 substations with an aggregate transformer capacity of 23,131,300 KVA. Its transmission system with voltages from 34,500 to 345,000 consists of approximately 3,058 circuit miles of line. The electric distribution system extends into 21 counties and consists of approximately 7,814 circuit miles of overhead and approximately 1,497 cable miles of underground primary distribution lines operating at various voltages from 2,400 to 12,500 volts. GAS. In 1998, 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 84% of Northern Indiana's 1998 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 La Porte 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 13,586 miles of gas mains. OTHER PROPERTIES. The physical properties of Northern Indiana are located in the state of Indiana. Kokomo Gas and Fuel Company. Kokomo Gas is a public utility operating company which provides natural gas and natural gas transportation services to approximately 33,800 customers at December 31, 1998. 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 NESI Energy Marketing L.L.C., subsidiary of NIPSCO Energy Services, Inc., to satisfy all of its system requirements in 1998. Kokomo Gas has a liquefied natural gas plant in Howard County which has the following capacities: maximum storage of 400,000 Mcf; maximum liquefaction 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 760 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 34,400 customers at December 31, 1998. 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 from NESI Energy Marketing L.L.C., to satisfy all of its system requirements in 1998. NIFL has approximately 830 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 1998 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 17,061,977,350 288,579,855 Kokomo Gas and Fuel Company NONE 7,402,631 Northern Indiana Fuel and Light Company, Inc. NONE 7,361,722
(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 1,898,910,000 9,629,327 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 900,662,000 100,922,473 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. Retyred 99 Ltd. ("Retyred") (formerly Elm Energy and Recycling (UK)Ltd. ("Elm Energy")), was an exempt wholesale generator, it was a whole tires-to- energy facility whose registered address is Retyred 99 Ltd., c/o Eileen Parks, 22 Tyningham Avenue, Tettenhall, Wolverhampton WV69PW, England. The facility incinerated waste tires, raised steam and generated electricity for export to the grid. As of December 31, 1998, Retyred sold the facility. (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 79% equity ownership position in Retyred. (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 Retyred in- directly 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.
Retyred '99 Ltd. 1998 (In thousands) ===================================== ============ Capitalization at December 31, 1998: Shareholders' equity $ 2,247 Long-term debt 0 -------- Total $ 2,247 ======= Net (loss) $ 2,411 =======
(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 Retyred 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 1998, Development earned $412,050 for these services. With the sale of the facility in December 1998, the agreement was terminated. 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, 1998, and is qualified in its entirety by reference to such financial statements. 1,000 12-MOS DEC-31-1998 JAN-01-1998 DEC-31-1998 PER-BOOK 4,986,503 2,932,778 193,886
EX-99 3 Exhibit 99.A (EXHIBIT A) December 31, 1998 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 Liberty Water Corporation A.12 Utility Data Corporation A.13 IWC Services, Inc. A.14 White River Environmental Partnership BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.15 Waterway Holdings, Inc. A.16 SM&P Utility Resources, Inc. A.17 Miller Pipeline Corporation A.18 Primary Energy, Inc. A.19 Harbor Coal Company A.20 Lakeside Energy Corporation A.21 North Lake Energy Corporation A.22 Portside Energy Corporation A.23 Cokenergy, Inc. A.24 Ironside Energy Corporation BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.25 Oilside Energy Corporation BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.26 Northern Indiana Public Service Company A.27 NIPSCO Exploration Company, Inc. A.28 Shore Line Shops, Incorporated A.29 NI Energy Services, Inc. A.30 Market Hub Partners, Inc. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.31 Market Hub Partners, L.P. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.32 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.33 NIPSCO Fuel Company, Inc. A.34 Bristol Resources Production Company L.L.C. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.35 NFCO Acquisition Company A.36 NI-TEX, Inc. A.37 NI-TEX Gas Services, Inc. A.38 Laredo Nueces Pipeline Company BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.39 Midtex Gas Storage Company, L.L.P. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.40 NESI Energy Marketing, L.L.C. A.41 Green Fuels, Inc. A.42 NI Energy Services Transportation, Inc. A.43 NESI Power Marketing, Inc. A.44 NESI Integrated Energy Resources, Inc. A.45 NESI Solutions, Inc. A.46 NIPSCO Energy Services Canada, Ltd. A.47 NESI Canadian Holdings, Inc. A.48 NI Canada ULC A.49 NI Energy Services Development, Inc. A.50 Portland Natural Gas Transmission System BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.51 Canor Energy, Ltd. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.52 NESI Energy Marketing Canada, Ltd. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.53 NIPSCO Development Company, Inc. A.54 Analytic Systems Laboratories, Inc. A.55 Protonics Research, Inc. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.56 International Polymer Corporation BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.57 JOF Transportation Company A.58 KOGAF Enterprises, Inc. A.59 Lake Erie Land Company A.60 SCC Services, Inc. A.61 N Squared Aviation, LLC BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.62 NDC Douglas Properties, Inc. A.63 NIPSCO International Power Systems Company INCOME STATEMENT (No Activity) A.64 NIPSCO Security Services, Inc. A.65 Customer Information Services, Inc. A.66 Cardinal Property Management, Inc. A.67 Progeni, Inc. A.68 Sun Power Corporation BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.69 Kokomo Gas and Fuel Company A.70 KGF Trading Company BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.71 Northern Indiana Fuel and Light Company, Inc. A.72 Northern Indiana Trading Company
A.1 NIPSCO INDUSTRIES, INC. CONSOLIDATED BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Utility Plant, At Original Cost (including construction work in progress of $197,112): Electric $4,154,060 Gas 1,447,945 Water 663,355 Common 364,822 ---------- 6,630,182 Less-Accumulated provision for depreciation and amortization 2,968,078 ---------- Total Utility Plant 3,662,104 ---------- Other property, at cost, less accumulated provision for depreciation 86,565 ---------- Total Property, Plant and Equipment 3,748,669 ---------- Investments: Investments, at equity 111,340 Investments, at cost 41,609 Other investments 28,702 ---------- Total Investments 181,651 ---------- Current Assets: Cash and cash equivalents 60,848 Accounts receivable, less reserve of $8,984 261,971 Other receivables 31,780 Gas cost adjustment clause 45,738 Materials and supplies, at average cost 62,818 Electric production fuel, at average cost 32,402 Natural gas in storage 69,640 Prepayments and other 41,670 ---------- Total Current Assets 606,867 ---------- Other Assets: Regulatory assets 209,059 Intangible assets, less accumulated provision for amortization 65,039 Prepayments and other 175,218 ---------- Total Other Assets 449,316 ---------- TOTAL ASSETS $4,986,503 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shareholders' equity $1,149,708 Preferred stocks - Northern Indiana Public Service Company: Series without mandatory redemption provisions 81,116 Series with mandatory redemption provisions 56,435 Indianapolis Water Company: Series without mandatory redemption provisions 4,497 Long-term debt, excluding amounts due within one year 1,667,965 ---------- Total Capitalization 2,959,721 ---------- Current Liabilities: Current portion of long-term debt 6,790 Short-term borrowings 411,040 Accounts payable 251,399 Dividends declared on common and preferred stocks 31,072 Customer deposits 22,199 Taxes accrued 44,939 Interest accrued 21,202 Fuel adjustment clause 6,279 Accrued employment costs 52,121 Other 39,022 ---------- Total Current Liabilities 886,063 ---------- Other: Deferred income taxes 667,167 Deferred investment tax credits, being amortized over life of related property 98,177 Deferred credits 68,046 Customer advances and contributions in aid of construction 118,778 Accrued liability for postretirement benefits 143,870 Other noncurrent liabilities 44,681 ---------- Total Other 1,140,719 ---------- TOTAL CAPITALIZATION AND LIABILITIES $4,986,503 ========== CONSOLIDATED STATEMENT OF CAPITALIZATION Common shareholders' equity $1,149,708 ---------- 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 20,905 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 ---------- 81,116 ---------- 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 - 50,000 shares outstanding 5,000 7-3/4% series - 33,352 shares outstanding 3,335 8.35% series - 51,000 shares outstanding 5,100 Cumulative preferred stock - no par value - 6.50% series - 430,000 shares outstanding 43,000 Indianapolis Water Company - Cumulative preferred stock - $100 par value - Rates ranging from 4.005 to 5.00% - 44,966 shares outstanding 4,497 ---------- 60,932 ---------- Long-term Debt 1,667,965 ---------- TOTAL CAPITALIZATION $2,959,721 ========== CONSOLIDATED STATEMENT OF LONG-TERM DEBT Northern Indiana Public Service Company: First mortgage bonds - Series T, 7-1/2% - due April 1, 2002 39,000 Series NN, 7.10% - due July 1, 2017 55,000 ---------- Total 94,000 ---------- Pollution control notes and bonds - Series A Note - City of Michigan City - 5.70% due October 1, 2003 16,500 Series 1988 Bonds - Jasper County - Series A, B and C 3.05% weighted average at December 31, 1998, due November 1, 2016 130,000 Series 1988 Bonds - Jasper County - Series D 3.13% weighted average at December 31, 1998, due November 1, 2007 24,000 Series 1994 Bonds - Jasper County - Series A 5.15% at December 31, 1998, due August 1, 2010 10,000 Series 1994 Bonds - Jasper County - Series B 5.15% at December 31, 1998, due June 1, 2013 18,000 Series 1994 Bonds - Jasper County - Series C 5.15% at December 31, 1998, due April 1, 2019 41,000 ---------- Total 239,500 ---------- 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 March 20, 2000 and August 4, 2027 748,025 ---------- Unamortized premium and discount on long-term debt, net (3,567) ---------- Total Long-term Debt of Northern Indiana Public Service Company 1,077,958 ---------- Indianapolis Water Company: First mortgage bonds - Series 5.20% - due May 1, 2001 11,600 Series 8.00% - due December 15, 2001 3,000 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 Series 5.05% - due July 15, 2028 40,000 ---------- 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-6.62% 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 2,533 NDC Douglas Properties, Inc. - Notes Payable - Interest rates between 6.72% and 8.38% with a weighted average interest rate of 7.87% and maturities through January 1, 2008 25,274 ---------- Total Long-term Debt of NIPSCO Development Company, Inc. 27,807 ---------- TOTAL LONG-TERM DEBT, EXCLUDING AMOUNTS DUE IN ONE YEAR $1,667,965 ==========
A.1 NIPSCO INDUSTRIES, INC. CONSOLIDATED INCOME STATEMENT December 31, 1998 (Dollars in Thousands) Operating Revenues: Gas $ 637,098 Electric 1,429,986 Water 83,979 Products and Services 781,715 ---------- 2,932,778 ---------- Cost of Sales: Gas costs 357,939 Fuel for electric generation 250,649 Power purchased 412,949 Products and Services 670,830 ---------- 1,692,367 ---------- Operating Margin 1,240,411 ---------- Operating Expenses and Taxes (except income): Operation 399,594 Maintenance 74,630 Depreciation and amortization 256,474 Taxes (except income) 88,207 ---------- 818,905 ---------- Operating Income 421,506 ---------- Other Income (Deductions) 10,584 ---------- Interest and Other Charges: Interest on long-term debt 111,420 Other interest 12,794 Amortization of premium, reacquisition premium, discount and expense on debt, net 4,590 Dividend requirements on preferred stocks of subsidiaries 8,538 ---------- 137,342 ---------- Income Taxes 100,862 ---------- Net Income 193,886 Dividend Requirements on Preferred Shares 0 ---------- Balance Available for Common Shareholders $ 193,886 ========== Average Common Shares Outstanding-Basic 120,778,077 =========== Basic Earnings Per Average Common Share $ 1.60 ========== Diluted Earnings Per Average Common Share $ 1.59 ========== Dividends Declared Per Common Share $ 0.975 ==========
CONSOLIDATED STATEMENT OF COMMON SHAREHOLDERS' EQUITY December 31, 1998 (Dollars in Thousands) -------------------------------------- Additional Common Treasury Paid-In Shares Shares Capital ============================== ========== ========== ========== Balance, December 31, 1997 $ 870,930 $ (363,943) $ 89,768 Comprehensive Income Net income Other comprehensive income, net of tax: Gain/loss on available for sale securities: Unrealized gain (net of income tax of $873) Realized gain (net of income tax of $1,340) Gain (loss) on foreign currency translation: Unrealized Realized Total Comprehensive Income Dividends: Preferred shares Common shares Treasury shares acquired (203,976) 2 Issued: Employee stock purchase plan 341 889 Long-term incentive plan 8,551 575 Amortization of unearned compensation Other 2,947 ---------- ---------- ---------- Balance, December 31, 1998 $ 870,930 $ (559,027) $ 94,181 ========== ========== ========== (Dollars in Thousands) -------------------------------------- Accum. Retained Other Comp. Earnings Other Income ============================== ========== ========== ========== Balance, December 31, 1997 $ 667,790 $ (2,624) $ 2,867 Comprehensive Income Net income 193,886 Other comprehensive income, net of tax: Gain/loss on available for sale securities: Unrealized gain (net of income tax of $873) 1,429 Realized gain (net of income tax of $1,340) (2,195) Gain (loss) on foreign currency translation: Unrealized (1,157) Realized 186 Total Comprehensive Income Dividends: Preferred shares Common shares (116,596) Treasury shares acquired Issued: Employee stock purchase plan Long-term incentive plan (1,084) Amortization of unearned compensation 1,893 Other (771) ---------- ---------- ---------- Balance, December 31, 1998 $ 744,309 $ (1,815) $ 1,130 ========== ========== ========== (Dollars in Thousands) ------------------------ Comp. Total Income ============================== ========== ========== Balance, December 31, 1997 $1,264,788 Comprehensive Income Net income 193,886 $ 193,886 Other comprehensive income, net of tax: Gain/loss on available for sale securities: Unrealized gain (net of income tax of $873) 1,429 1,429 Realized gain (net of income tax of $1,340) (2,195) (2,195) Gain (loss) on foreign currency translation: Unrealized (1,157) (1,157) Realized 186 186 ---------- Total Comprehensive Income $ 192,149 ========== Dividends: Preferred shares Common shares (116,596) Treasury shares acquired (203,974) Issued: Employee stock purchase plan 1,230 Long-term incentive plan 8,042 Amortization of unearned compensation 1,893 Other 2,176 ---------- Balance, December 31, 1998 $1,149,708 ========== (Dollars in Thousands) ------------------------ Common Treasury Shares Shares ============================== =========== =========== Balance, December 31, 1997 147,784,218 (23,471,554) Treasury shares acquired (7,309,906) Issued: Employee stock purchase plan 42,796 Long-term incentive plan 485,144 Amortization of unearned compensation Other ----------- ----------- Balance, December 31, 1998 147,784,218 (30,253,520) =========== ===========
A.2 NIPSCO INDUSTRIES MANAGEMENT SERVICES COMPANY BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 648 Other receivables 23 Accounts receivable - associated companies 3,817 ---------- Total Current Assets 4,488 ---------- Other Property and Investments: Other property at cost less depreciation 2,171 ---------- Total Other Property and Investments 2,171 ---------- Other Assets: Deferred charges and other 36 ---------- Total Other Assets 36 ---------- $ 6,695 TOTAL ASSETS ========== CAPITALIZATION AND LIABILITIES Capitalization: Common Shares without par value $ 1 ---------- Total Capitalization 1 ---------- Current Liabilities: Total accounts payable 511 Taxes accrued (59) Accrued employment costs 2,582 Notes payable to associated companies 3,400 Taxes withheld payables (288) Miscellaneous accrued liabilities 1,244 ---------- Total Current Liabilities 7,390 ---------- Other: Deferred income taxes (696) ---------- Total Other (696) ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 6,695 ==========
A.2 NIPSCO INDUSTRIES MANAGEMENT SERVICES COMPANY INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.2 NIPSCO INDUSTRIES MANAGEMENT SERVICES COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.3 HAMILTON HARBOUR INSURANCE SERVICES, LTD. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 26 --------- Total Current Assets 26 --------- TOTAL ASSETS $ 26 ========= CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (3) ---------- Total Capitalization (2) ---------- Current Liabilities: Notes payable to associated companies 0 ---------- Total Current Liabilities 0 ---------- Noncurrent Liabilities: Deferred credits 28 ---------- Total Noncurrent Liabilities 28 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 26 ==========
A.3 HAMILTON HARBOUR INSURANCE SERVICES, LTD. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Expenses: Administrative and general $ 0 ---------- Total Operating Expenses 0 ---------- Income taxes (1) ---------- NET INCOME (LOSS) $ 1 ==========
A.3 HAMILTON HARBOUR INSURANCE SERVICES, LTD. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at beginning of the year $ (3) Net Income $ 1 ---------- BALANCE AT END OF YEAR $ (2) ==========
A.4 NI TELECOMM, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.4 NI TELECOMM, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.4 NI TELECOMM, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.5 CROSSROADS PIPELINE COMPANY BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Utility Plant: Utility plant $ 34,819 Less-Accumulated provision for depreciation and amortization (3,823) ---------- Total Utility Plant 30,996 ---------- Current Assets: Cash and cash equivalents 147 Accounts receivable, less reserve 1,158 Prepayments and other 8 ---------- Total Current Assets 1,313 ---------- TOTAL ASSETS $ 32,309 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (6,759) ---------- Total Capitalization (6,758) ---------- Current Liabilities: Total accounts payable 1,063 Taxes accrued 263 Notes payable to associated companies 35,450 ---------- Total Current Liabilities 36,776 ---------- Noncurrent Liabilities: Deferred income taxes 2,138 Deferred credits 153 ---------- Total Noncurrent Liabilities 2,291 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 32,309 ==========
A.5 CROSSROADS PIPELINE COMPANY INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenue $ 5,149 ---------- Cost of Sales: Other gas operating expenses 70 ---------- Total Cost of Sales 70 ---------- Operating Margin 5,079 ---------- Operating Expenses and Taxes: Operating expense 1,010 Administrative and general expenses 1,177 Depreciation and amortization 996 Taxes other than income 847 ---------- Total Operating Expenses and Taxes 4,031 ---------- Other Income (Deductions) 9 ---------- Interest and other charges 2,990 ---------- Income tax expense (700) ---------- NET INCOME (LOSS) $ (1,232) ==========
A.5 CROSSROADS PIPELINE COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ (5,527) Net Income (1,232) ---------- BALANCE AT END OF YEAR $ (6,759) ==========
A.6 NIPSCO CAPITAL MARKETS, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 108 Accounts receivable - associated companies 16 Notes receivable - associated companies 659,428 Prepayments 731 ---------- Total Current Assets 660,283 ---------- Other Assets: Deferred charges and other 5,271 ---------- Total Other Assets 5,271 ---------- TOTAL ASSETS $ 665,554 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1,000 Retained earnings 10,235 Long-term debt bonds 75,000 Long-term debt other 375,000 ---------- Total Capitalization 461,235 ---------- Current Liabilities: Commercial paper 108,100 Notes payable 86,750 Total accounts payable (344) Taxes accrued 2,139 Interest accrued 7,674 ---------- Total Current Liabilities 204,319 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 665,554 ==========
A.6 NIPSCO CAPITAL MARKETS, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 0 ---------- Total Operating Revenues 0 ---------- Operating Expenses and Taxes: Administrative and general expenses 331 Taxes other than income 0 ---------- Total Operating Expenses 331 ---------- Other Income (Deductions): Interest income 45,923 ---------- Total Other Income (Deductions) 45,923 ---------- Interest and other charges 39,950 ---------- Income tax expense 2,141 ---------- NET INCOME (LOSS) $ 3,501 ==========
A.6 NIPSCO CAPITAL MARKETS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 6,734 Net Income 3,501 ---------- BALANCE AT END OF YEAR $ 10,235 ==========
A.7 NEM ACQUISITION CORPORATION BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Accounts receivable - associated companies $ 170 ---------- Total Current Assets 170 ---------- Property and Investments: Investments at equity 60 ---------- Total Other Property and Investments 60 ---------- Other Assets: Deferred charges and other 5,214 ---------- Total Other Assets 5,214 ---------- TOTAL ASSETS $ 5,444 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (395) ---------- Total Capitalization (394) ---------- Current Liabilities: Accounts payable 5,713 Taxes accrued 208 ---------- Total Current Liabilities 5,921 ---------- Noncurrent Liabilities Deferred income taxes (83) ---------- Total Noncurrent Liabilities (83) ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 5,444 ==========
A.7 NEM ACQUISITION CORPORATION INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 0 ---------- Total Operating Revenues 0 ---------- Operating Expenses and Taxes: Depreciation and amortization 286 ---------- Total Operating Expenses and Taxes 286 ---------- Other Income (Deductions): Investment income (loss) 547 ---------- Total Other Income (Deductions) 547 ---------- Income tax expense 219 ---------- NET INCOME (LOSS) $ 42 ==========
A.7 NEM ACQUISITION CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ (437) Net Income (Loss) 42 ---------- BALANCE AT END OF YEAR $ (395) ==========
A.8 IWC RESOURCES CORPORATION BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Utility Plant: Utility plant $ 157,254 Less-Accumulated provision for depreciation and amortization (6,837) ---------- Total Utility Plant 150,417 ---------- Current Assets: Cash and cash equivalents 531 Special funds 11 Other accounts receivable 148 Accounts receivable - associated companies 12,574 Prepayments (155) ---------- Total Current Assets 13,109 ---------- Other Property and Investments: Other property at cost less depreciation 90 Investments at equity 156,366 Other investments 28 ---------- Total Other Property and Investments 156,484 ---------- Other Assets: Deferred charges and other 59,991 ---------- Total Other Assets 59,991 ---------- TOTAL ASSETS $ 380,001 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 291,589 Retained earnings 19,458 Long-term debt other 19,600 ---------- Total Capitalization 330,647 ---------- Current Liabilities: Obligations due within one year 1,000 Accounts payable 25,737 Taxes accrued (355) Interest accrued 335 Accrued employment costs 2,202 Taxes withheld payables (35) Miscellaneous accrued liabilities 39 ---------- Total Current Liabilities 28,923 ---------- Noncurrent Liabilities: Deferred income taxes (570) Deferred credits 20,976 Postretirement benefits accrued 25 ---------- Total Noncurrent Liabilities 20,431 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 380,001 ==========
A.8 IWC RESOURCES CORPORATION INCOME STATEMENT For the Year Ended December 31,1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 101 ---------- Total Operating Revenues 101 ---------- Operating Expenses and Taxes (except income): Administrative and general expenses 4,909 Depreciation and amortization 6,856 Taxes other than income 79 ---------- Total Operating Expenses and Taxes (except income) 11,844 ---------- Other Income (Deductions): Total other income & deductions (615) Non-operating income 22 ---------- Total Other Income (Deductions) (593) ---------- Interest and other charges 1,272 ---------- Income tax expense (3,007) ---------- Net Income (Loss) before subsidiaries (10,601) ---------- Subsidiary gain (loss) 21,454 ---------- NET INCOME (LOSS) $ 10,853 ==========
A.8 IWC RESOURCES CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 8,605 Net Income 10,853 ---------- BALANCE AT END OF YEAR $ 19,458 ==========
A.9 INDIANAPOLIS WATER COMPANY BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Utility Plant: Utility plant $ 498,398 Less-Accumulated provision for depreciation and amortization (100,196) ---------- Total Utility Plant 398,202 ---------- Current Assets: Cash and cash equivalents 1,608 Special funds 66 Customer accounts receivable 9,565 Other accounts receivable 59 Reserve - customer accounts (188) Accounts receivable - associated companies 16,546 Material and supplies at average cost 6,824 Prepayments 355 ---------- Total Current Assets 34,835 ---------- Other Property and Investments: Other property at cost 42 ---------- Total Other Property and Investments 42 ---------- Other Assets: Deferred charges and other 20,565 ---------- Total Other Assets 20,565 ---------- TOTAL ASSETS $ 453,644 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 17,004 Additional paid-in-capital 37,913 Retained earnings 53,664 Preferred stock-without mandatory redemption 4,294 Long-term debt other 92,600 ---------- Total Capitalization 205,475 ---------- Current Liabilities: Obligations due within one year 77,423 Total accounts payable 7,100 Dividends declared 0 Customer deposits 1,255 Taxes accrued 6,628 Interest accrued 1,751 Accrued employment costs 1,023 Other accruals 236 Taxes withheld payables (241) Miscellaneous accrued liabilities 1,526 ---------- Total Current Liabilities 96,701 ---------- Noncurrent Liabilities: Deferred income taxes 35,068 Deferred investment tax credits amortized 4,397 Deferred credits 56,878 Postretirement accrued benefits 10,640 Other non-current liabilities 44,485 ---------- Total Noncurrent Liabilities 151,468 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 453,644 ==========
A.9 INDIANAPOLIS WATER COMPANY INCOME STATEMENT For the Year Ended December 31,1998 (Dollars in Thousands) Operating Revenues: Water revenue $ 83,087 ---------- Total Operating Revenues 83,087 ---------- Cost of Sales: Cost of goods sold 1 ---------- Total Cost of Goods Sold 1 ---------- Operating Margin 83,086 ---------- Operating Expenses and Taxes (except income): Operation 27,713 Administrative and general expenses 14,342 Depreciation and amortization 7,534 Taxes (except income) 7,051 ---------- Total Operating Expenses and Taxes (except income) 56,640 ---------- Other Income (Deductions): Job work sales - net 96 Total other income & deductions (6) Non-operating income 622 ---------- Total Other Income (Deductions) 712 ---------- Interest and other charges 7,288 ---------- Income tax expense 7,249 ---------- NET INCOME (LOSS) $ 12,621 ==========
A.9 INDIANAPOLIS WATER COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 41,043 Net Income 12,621 ---------- BALANCE AT END OF YEAR $ 53,664 ==========
A.10 HARBOUR WATER CORPORATION BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Utility Plant: Utility plant $ 7,270 Less-Accumulated provision for depreciation and amortization (1,338) ---------- Total Utility Plant 5,932 ---------- Current Assets: Cash and cash equivalents 0 Customer accounts receivable 100 Reserve - customer accounts 0 Accounts receivable-associated companies 317 ---------- Total Current Assets 417 ---------- Other Property and Investments: Deferred charges and other 201 ---------- Total Other Assets 201 ---------- TOTAL ASSETS $ 6,550 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 400 Retained earnings 1,958 ---------- Total Capitalization 2,358 ---------- Current Liabilities: Total accounts payable 383 Customer deposits 5 Taxes accrued 129 Interest accrued 1 Taxes withheld payables 4 ---------- Total Current Liabilities 522 ---------- Noncurrent Liabilities: Deferred income taxes 277 Deferred investment tax credits 48 Deferred credits 2,245 Other non-current liabilities 1,100 ---------- Total Noncurrent Liabilities 3,670 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 6,550 ==========
A.10 HARBOUR WATER CORPORATION INCOME STATEMENT For the Year Ended December 31,1998 (Dollars in Thousands) Operating Revenues: Water revenue $ 986 ---------- Total Operating Revenues 986 ---------- Operating Expenses and Taxes (except income): Operations 313 Administrative and general expenses 127 Depreciation and amortization 120 Taxes except income 90 ---------- Total Operating Expenses and Taxes (except income) 650 ---------- Income tax expense 142 ---------- NET INCOME (LOSS) $ 194 ==========
A.10 HARBOUR WATER CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 1,764 Net Income 194 ---------- BALANCE AT END OF YEAR $ 1,958 ==========
A.11 LIBERTY WATER CORPORATION BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Utility Plant: Utility plant $ 1,319 Less-Accumulated provision for depreciation and amortization (35) ---------- Total Utility Plant 1,284 ---------- Current Assets: Cash and cash equivalents 5 Customer accounts receivable 21 ---------- Total Current Assets 26 ---------- Other Property and Investments: Other property at cost less depreciations 91 ---------- Total Other Property and Investments 91 ---------- Other Assets: Deferred charges and other 291 ---------- Total Other Asset 291 ---------- TOTAL ASSETS $ 1,692 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 233 Retained earnings (29) ---------- Total Capitalization 204 ---------- Current Liabilities: Total Obligations due in one year 1,157 Total accounts payable 186 Customer deposits 0 Taxes accrued (6) Interest accrued 7 Taxes withheld payables 0 ---------- Total Current Liabilities 1,344 ---------- Noncurrent Liabilities: Deferred credits 13 Other non-current liabilities 131 ---------- Total Noncurrent Liabilities 144 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,692 ==========
A.11 LIBERTY WATER CORPORATION INCOME STATEMENT* For the Year Ended December 31,1998 (Dollars in Thousands) Operating Revenues: Water revenue $ 24 ---------- Total Operating Revenues 24 ---------- Operating Expenses and Taxes (except income): Operations 1 Administrative and general expenses 8 Depreciation and amortization 25 Taxes except income 0 ---------- Total Operating Expenses and Taxes (except income) 34 ---------- Other Income (Deductions): Interest and other charges 34 ---------- Income tax expense (15) ---------- NET INCOME (LOSS) $ (29) ========== *Income statement reflects activity for September 1998 through December 1998.
A.11 LIBERTY WATER CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 0 Net Income* $ (29) ---------- BALANCE AT END OF YEAR $ (29) ========== *Net income is for September 1998 through December 1998.
A.12 UTILITY DATA CORPORATION BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 38 Customer accounts receivable 271 Other accounts receivable 2 Accounts receivable - associated companies 9,563 Prepayments 293 ---------- Total Current Assets 10,167 ---------- Other Property and Investments: Other property at cost less depreciation 398 ---------- Total Other Property and Investments 398 ---------- TOTAL ASSETS $ 10,565 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 154 Retained earnings 7,734 ---------- Total Capitalization 7,888 ---------- Current Liabilities: Total accounts payable 1,001 Taxes accrued 68 Accrued employment costs 817 Taxes withheld payables 0 Miscellaneous accrued liabilities 188 ---------- Total Current Liabilities 2,074 ---------- Noncurrent Liabilities: Deferred income taxes (723) Deferred credits 259 Postretirement benefits accrued 1,067 ---------- Total Noncurrent Liabilities 603 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 10,565 ==========
A.12 UTILITY DATA CORPORATION INCOME STATEMENT For the Year Ended December 31,1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 7,882 ---------- Total Operating Revenues 7,882 ---------- Operating Expenses and Taxes (except income): Operation 198 Administrative and general expenses 5,390 Depreciation and amortization 150 Taxes (except income) 241 ---------- Total Operating Expenses and Taxes (except income) 5,978 ---------- Interest and other charges 11 ---------- Income tax expense 717 ---------- NET INCOME (LOSS) $ 1,176 ==========
A.12 UTILITY DATA CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 6,558 Net Income 1,176 ---------- BALANCE AT END OF YEAR $ 7,734 ==========
A.13 IWC SERVICES, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Customer accounts receivable $ 11 Accounts receivable - associated companies 250 ---------- Total Current Assets 261 ---------- Other Assets: Deferred charges and other 4,173 ---------- Total Other Assets 4,173 ---------- TOTAL ASSETS $ 4,434 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 50 Retained earnings 3,135 ---------- Total Capitalization 3,185 ---------- Current Liabilities: Total accounts payable 671 Taxes accrued 59 ---------- Total Current Liabilities 730 ---------- Noncurrent Liabilities: Deferred income taxes 283 Deferred credits 236 ---------- Total Noncurrent Liabilities 519 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 4,434 ==========
A.13 IWC SERVICES, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 149 ---------- Total Operating Revenues 149 ---------- Cost of Sales: Cost of goods sold 149 ---------- Total Cost of Sales 149 ---------- Operating Expenses and Taxes (except income): Administrative and general expenses 19 Taxes other than income 21 ---------- Total Operating Expenses and Taxes (except income) 40 ---------- Other Income (Deductions): Investment income (loss) 1,573 Income tax expense 582 ---------- NET INCOME (LOSS) $ 951 ==========
A.13 IWC SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 2,135 Net Income 951 ---------- BALANCE AT END OF YEAR $ 3,135 ==========
A.14 WHITE RIVER ENVIRONMENTAL PARTNERSHIP BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.14 WHITE RIVER ENVIRONMENTAL PARTNERSHIP INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.14 WHITE RIVER ENVIRONMENTAL PARTNERSHIP STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.15 WATERWAY HOLDINGS, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Special funds $ 9,892 Other accounts receivable 1,328 Accounts receivable - associated companies 135 ---------- Total Current Assets 11,355 ---------- TOTAL ASSETS $ 11,355 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 4,750 Retained earnings 2,833 ---------- Total Capitalization 7,583 ---------- Current Liabilities: Total accounts payable 3,068 Taxes accrued 14 ---------- Total Current Liabilities 3,082 ---------- Noncurrent Liabilities: Deferred income taxes 190 Deferred credits 500 ---------- Total Noncurrent Liabilities 690 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 11,355 ==========
A.15 WATERWAY HOLDINGS, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 2,885 ---------- Total Operating Revenues 2,885 ---------- Cost of Sales: Cost of land sales 961 ---------- Total Cost of Sales 961 ---------- Operating Margin 1,924 ---------- Operating Expenses and Taxes (except income): Administrative and general expenses 2 Taxes except income 60 ---------- Total Operating Expenses and Taxes (except income) 62 ---------- Other Income (Deductions) 110 ---------- Total Other Income (Deductions) 110 ---------- Interest and other charges 17 ---------- Income tax expense 744 ---------- NET INCOME (LOSS) $ 1,211 ==========
A.15 WATERWAY HOLDINGS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 1,622 Net Income 1,211 ---------- BALANCE AT END OF YEAR $ 2,833 ==========
A.16 SM&P UTILITY RESOURCES, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 3 Customer accounts receivable 8,698 Other accounts receivable 103 Prepayments 179 ---------- Total Current Assets 8,983 ---------- Other Property and Investments: Other property at cost less depreciation 5,329 ---------- Total Other Property and Investments 5,329 ---------- Other Assets: Deferred charges and other 18 ---------- Total Other Assets 18 ---------- TOTAL ASSETS $ 14,330 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 4,636 ---------- Total Capitalization 4,637 ---------- Current Liabilities: Obligation due with one year 775 Total accounts payable 4,730 Taxes accrued 211 Other accruals 3,838 Taxes withheld payables 39 Miscellaneous accrued liabilities 815 ---------- Total Current Liabilities 10,408 ---------- Noncurrent Liabilities: Deferred income taxes (715) ---------- Total Noncurrent Liabilities (715) ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 14,330 ==========
A.16 SM&P UTILITY RESOURCES, INC. INCOME STATEMENT For the Year Ended December 31, 1998 Dollars in Thousands) Operating Revenues: Locate revenue $ 65,717 ---------- Total Operating Revenues 65,717 ---------- Cost of Sales: Cost of sales 43,536 ---------- Total Cost of Sales 43,536 ---------- Operating Margin 22,181 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 15,350 Depreciation and amortization 2,160 Taxes (except income) 990 ---------- Total Operating Expenses and Taxes (Except Income) 18,500 ---------- Other Income (Deductions) 39 ---------- Interest and other charges 220 ---------- Income tax expense 1,479 ---------- NET INCOME (LOSS) $ 2,021 ==========
A.16 SM&P UTILITY RESOURCES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 2,615 Net Income 2,021 ---------- BALANCE AT END OF YEAR $ 4,636 ==========
A.17 MILLER PIPELINE CORPORATION BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 105 Customer accounts receivable 10,110 Other accounts receivable 506 Reserve-customer accounts (75) Material and supplies at average cost 998 Prepayments 181 Job work in progress 2,402 ---------- Total Current Assets 14,227 ---------- Other Property and Investments: Other property at cost less depreciation 22,639 ---------- Total Other Property and Investments 22,639 ---------- TOTAL ASSETS $ 36,866 ========== CAPITALIZATION AND LIABILITIES Capitalization: Additional paid-in-capital $ 10,939 Retained earnings 11,194 ---------- Total Capitalization 22,133 ---------- Current Liabilities: Obligations due within one year 3,696 Total accounts payable 5,035 Taxes accrued (22) Accrued employment costs 1,289 Other accruals 369 Taxes withheld payables 112 ---------- Total Current Liabilities 10,479 ---------- Noncurrent Liabilities: Deferred income taxes 4,254 ---------- Total Noncurrent Liabilities 4,254 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 36,866 ==========
A.17 MILLER PIPELINE CORPORATION INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Pipeline construction revenue $ 61,578 ---------- Total Operating Revenues 61,578 ---------- Cost of Sales: Pipeline construction expense 48,678 ---------- Total Cost of Sales 48,678 ---------- Operating Margin 12,900 ---------- Operating Expenses and Taxes (Except Income): Operation 856 Administrative and general expenses 3,473 Depreciation and amortization 2,821 Taxes (except income) 787 ---------- Total Operating Expenses and Taxes (Except Income) 7,937 ---------- Other Income (Deductions) 912 ---------- Interest and other charges 99 ---------- Income tax expense 2,264 ---------- NET INCOME (LOSS) $ 3,512 ==========
A.17 MILLER PIPELINE CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 7,682 Net Income 3,512 ---------- BALANCE AT END OF YEAR $ 11,194 ==========
A.18 PRIMARY ENERGY, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 37 Other accounts receivable 4,576 Accounts receivable - associated companies 74 Notes receivable - associated companies 10,951 ---------- Total Current Assets 15,638 ---------- Other Property and Investments: Other property at cost less depreciation 51 Investments at equity 6,220 Investments at cost 3,000 ---------- Total Other Property and Investments 9,271 ---------- Other Assets: Deferred charges and other 234 ---------- Total Other Assets 234 ---------- TOTAL ASSETS $ 25,143 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 22,248 ---------- Total Capitalization 22,249 ---------- Current Liabilities: Total accounts payable 144 Taxes accrued 376 Accrued employment costs 1,127 Taxes withheld payables (62) ---------- Total Current Liabilities 1,585 ---------- Noncurrent Liabilities: Deferred income taxes 1,309 Deferred credits 0 ---------- Total Noncurrent Liabilities 1,309 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 25,143 ==========
A.18 PRIMARY ENERGY, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 4,659 ---------- Total Operating Revenue 4,659 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 3,731 Depreciation and amortization 22 Taxes (except income) 125 ---------- Total Operating Expenses and Taxes (Except Income) 3,878 ---------- Other Income (Deductions) 182 ---------- Interest and other charges 105 ---------- Income tax expense 329 ---------- Income (Loss) before subsidiaries 529 ---------- Subsidiary gain (loss) 10,684 ---------- NET INCOME (LOSS) $ 11,213 ==========
A.18 PRIMARY ENERGY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at beginning of year $ 11,035 Net Income 11,213 ---------- BALANCE AT END OF YEAR $ 22,248 ==========
A.19 HARBOR COAL COMPANY BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 52 Accounts receivable - associated companies 490 Prepayments 21 ---------- Total Current Assets 563 ---------- Other Property and Investments: Investments at equity (2,172) ---------- Total Other Property and Investments (2,172) ---------- TOTAL ASSETS $ (1,609) ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 3,008 Dividends: common shares (3,724) ---------- Total Capitalization (715) ---------- Current Liabilities: Total accounts payable 491 Taxes accrued 774 Notes payable to associated companies 1,559 ---------- Total Current Liabilities 2,824 ---------- Noncurrent Liabilities: Deferred income taxes (3,718) ---------- Total Noncurrent Liabilities (3,718) ---------- TOTAL CAPITALIZATION AND LIABILITIES $ (1,609) ==========
A.19 HARBOR COAL COMPANY INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 0 ---------- Total Operating Revenues 0 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 108 Taxes (except income) 26 ---------- Total Operating Expenses and Taxes (Except Income) 134 ---------- Other Income (Deductions) 2,116 ---------- Interest and other charges 3 ---------- Income tax expense 739 ---------- NET INCOME (LOSS) $ 1,240 ==========
A.19 HARBOR COAL COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 1,768 Net Income 1,240 Dividends declared common (3,724) ---------- BALANCE AT END OF YEAR $ (716) ==========
A.20 LAKESIDE ENERGY CORPORATION BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 13 Other accounts receivable 3,289 Accounts receivable-associated companies 2 Prepayments 54 ---------- Total Current Assets 3,358 ---------- Other Assets: Deferred charges and other 13,386 ---------- Total Other Assets 13,386 ---------- TOTAL ASSETS $ 16,744 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 3,732 ---------- Total Capitalization 3,733 ---------- Current Liabilities: Total accounts payable 3 Taxes accrued (1,082) Notes payable to associated companies 10,252 ---------- Total Current Liabilities 9,173 ---------- Noncurrent Liabilities: Deferred income taxes 3,838 ---------- Total Noncurrent Liabilities 3,838 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 16,744 ==========
A.20 LAKESIDE ENERGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 12,664 ---------- Total Operating Revenues 12,664 ---------- Operating Expenses and Taxes (Except Income): Lease expense 8,363 Administrative and general expenses 745 Taxes (except income) 105 ---------- Total Operating Expenses and Taxes (Except Income) 9,213 ---------- Other Income (Deductions) 156 ---------- Interest and other charges 862 ---------- Income tax expense 1,040 ---------- NET INCOME (LOSS) $ 1,705 ==========
A.20 LAKESIDE ENERGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 2,027 Net Income 1,705 ---------- BALANCE AT END OF YEAR $ 3,732 ==========
A.21 NORTH LAKE ENERGY CORPORATION BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 11 Other accounts receivable 1,380 Accounts receivable - associated companies 727 Notes receivable - associated companies 293 Prepayments 31 ---------- Total Current Assets 2,442 ---------- TOTAL ASSETS $ 2,442 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 6,751 Dividends: common shares (9,535) ---------- Total Capitalization (2,783) ---------- Current Liabilities: Total accounts payable 822 Taxes accrued (147) ---------- Total Current Liabilities 675 ---------- Noncurrent Liabilities: Deferred income taxes 4,550 ---------- Total Noncurrent Liabilities 4,550 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 2,442 ==========
A.21 NORTH LAKE ENERGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 7,920 --------- Total Operating Revenue 7,920 --------- Operating Expenses and Taxes (Except Income): Lease expense 2,543 Administrative and general expenses 587 Taxes (except income) 753 --------- Total Operating Expenses and Taxes (except income) 3,883 --------- Other Income (Deductions) 488 --------- Income tax expense 1,715 --------- NET INCOME (LOSS) $ 2,810 =========
A.21 NORTH LAKE ENERGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance beginning of year $ 3,941 Net Income 2,810 Dividends declared common (9,535) --------- BALANCE AT END OF YEAR $ (2,784) =========
A.22 PORTSIDE ENERGY CORPORATION BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 552 Other accounts receivable 1,127 Accounts receivable-associated companies 2 Material and supplies at average cost 41 Notes receivable - associated companies 1,102 Prepayments 50 ---------- Total Current Assets 2,874 ---------- Other Property and Investments: Other property at cost less depreciation 8 ---------- Total Other Property and Investments 8 ---------- Other Assets: Deferred charges and other 2,117 ---------- Total Other Assets 2,117 ---------- TOTAL ASSETS $ 4,999 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common Shares without par value $ 2 Retained earnings 2,709 ---------- Total Capitalization 2,711 ---------- Current Liabilities: Total accounts payable 11 Taxes accrued (1,168) ---------- Total Current Liabilities (1,157) ---------- Noncurrent Liabilities: Deferred income taxes 3,445 ---------- Total Noncurrent Liabilities 3,445 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 4,999 ==========
A.22 PORTSIDE ENERGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 10,405 --------- Total Operating Revenue 10,405 --------- Operating Expenses and Taxes (Except Income): Lease expense 5,373 Administrative and general expenses 2,175 Depreciation and amortization 2 Taxes (except income) 235 --------- Total Operating Expenses and Taxes (except income) 7,785 --------- Other Income (Deductions) 14 --------- Interest and other charges 43 --------- Income tax expense 935 --------- NET INCOME (LOSS) $ 1,656 =========
A.22 PORTSIDE ENERGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance beginning of year $ 1,053 Net Income 1,656 --------- BALANCE AT END OF YEAR $ 2,709 =========
A.23 COKENERGY, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 10 Other receivables 3,215 Other receivables 31,780 Notes receivable-associated companies 3,420 Prepayments 83 ---------- Total Current Assets 38,508 ---------- $ 38,508 TOTAL ASSETS ========== CAPITALIZATION AND LIABILITIES Capitalization: Common Shares without par value $ 1 Retained earnings 3,273 ---------- Total Capitalization 3,274 ---------- Current Liabilities: Total accounts payable 2,457 Customer deposits 30,691 Taxes accrued 790 ---------- Total Current Liabilities 33,938 ---------- Noncurrent Liabilities: Deferred income taxes 1,296 ---------- Total Noncurrent Liabilities 1,296 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 38,508 ==========
A.23 COKENERGY, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 7,280 --------- Total Operating Revenue 7,280 --------- Operating Expenses and Taxes (Except Income): Lease expense 938 Administrative and general expenses 166 Taxes (except income) 88 --------- Total Operating Expenses and Taxes (except income) 1,192 --------- Other Income (Deductions) 0 --------- Interest and other charges 816 --------- Income tax expense 1,999 --------- NET INCOME (LOSS) $ 3,273 =========
A.23 COKENERGY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance beginning of year $ 0 Net Income 3,273 --------- BALANCE AT END OF YEAR $ 3,273 =========
A.24 IRONSIDE ENERGY CORPORATION BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.24 IRONSIDE ENERGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.24 IRONSIDE ENERGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.25 OILSIDE ENERGY CORPORATION BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.25 OILSIDE ENERGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.25 OILSIDE ENERGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.26 NORTHERN INDIANA PUBLIC SERVICE COMPANY CONSOLIDATED BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Utility Plant, At Original Cost (Including Construction Work in Progress of $149,426: Electric $4,154,060 Gas 1,272,482 Common 364,823 --------- 5,791,365 Less-Accumulated provision for depreciation and amortization 2,804,720 ---------- Total Utility Plant 2,986,645 ---------- Other Property and Investments 519 ---------- Current Assets: Cash and cash equivalents 19,541 Accounts receivable, less reserve of $4,458 104,445 Gas cost adjustment clause 44,044 Materials and supplies at average cost 51,554 Electric production fuel, at average cost 32,402 Natural gas in storage, at last-in, first-out cost 50,859 Prepayments and other 31,056 ---------- Total Current Assets 333,901 ---------- Other Assets: Regulatory assets 203,722 Prepayments and other 127,162 ---------- Total Other Assets 330,884 ---------- TOTAL ASSETS $3,651,949 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shareholder's equity $1,018,150 Preferred stocks - Series without mandatory redemption provisions 81,116 Series with mandatory redemption provisions 56,435 Long-term debt 1,077,959 ---------- Total Capitalization 2,233,660 ---------- Current Liabilities: Current portion of long-term debt 2,000 Short-term borrowings 126,100 Accounts payable 142,414 Dividends declared on common and preferred stocks 63,101 Customer deposits 20,178 Taxes accrued 88,401 Interest accrued 9,118 Fuel adjustment clause 6,279 Accrued employment costs 44,223 Other accruals 28,546 ---------- Total Current Liabilities 530,360 ---------- Other: Deferred income taxes 608,935 Deferred investment tax credits, being amortized over life of related property 92,693 Deferred credits 48,084 Accrued liability for postretirement benefits 127,115 Other noncurrent liabilities 11,102 ---------- Total Other 887,929 ---------- TOTAL CAPITALIZATION AND LIABILITIES $3,651,949 ========== CONSOLIDATED STATEMENT OF CAPITALIZATION For the Year Ended December 31, 1998 (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 12,524 Retained earnings 146,138 ---------- Total Common Shareholder's Equity 1,018,150 ---------- Preferred Stocks, Which Are Redeemable Solely at Option of Northern Indiana Public Service Company: Cumulative preferred stock - $100 par value - 4-1/4% series - 209,051 shares outstanding 20,905 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 ---------- 81,116 ---------- 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 - 50,000 shares outstanding 5,000 7-3/4% series - 33,352 shares outstanding 3,335 8.35% series - 51,000 shares outstanding 5,100 Cumulative preferred stock - no par value - 6.50% series - 430,000 shares outstanding 43,000 ---------- 56,435 ---------- Long-term Debt, excluding amounts due within one year 1,077,959 ---------- TOTAL CAPITALIZATION $2,233,660 ========== CONSOLIDATED STATEMENT OF LONG-TERM DEBT For the Year Ended December 31, 1998 (Dollars in Thousands) First Mortgage Bonds - Series T, 7-1/2% - due April 1, 2002 $ 39,000 Series NN, 7.10% - due July 1, 2017 55,000 ---------- 94,000 ---------- Pollution Control Notes and Bonds - Series A Note - City of Michigan City - 5.70% due October 1, 2003 16,500 Series 1988 Bonds - Jasper County - Series A, B, and C, 3.05% weighted average at December 31, 1998, due November 1, 2016 130,000 Series 1988 Bonds - Jasper County - Series D, 3.13% weighted average at December 31, 1998, due November 1, 2007 24,000 Series 1994 Bonds - Jasper County - Series A, 5.15% at December 31, 1998, due August 1, 2010 10,000 Series 1994 Bonds - Jasper County - Series B, 5.15% at December 31, 1998, due June 1, 2013 18,000 Series 1994 Bonds - Jasper County - Series C, 5.15% at December 31, 1997, due April 1, 2019 41,000 ---------- 239,500 ---------- Medium-term Notes - Interest rates between 6.10% and 7.69%, with a weighted average interest rate of 7.00% with various maturities between March 20, 2000 and August 4, 2027 748,025 ---------- Unamortized premium and discount on long-term debt, net (3,566) ---------- TOTAL LONG-TERM DEBT, EXCLUDING AMOUNTS DUE WITHIN ONE YEAR $1,077,959 ==========
A.26 NORTHERN INDIANA PUBLIC SERVICE COMPANY CONSOLIDATED STATEMENT OF INCOME For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Gas $ 572,485 Electric 1,076,118 ---------- 1,648,603 ---------- Cost of Energy: Gas costs 321,033 Fuel for electric generation 250,649 Power purchased 41,990 ---------- 613,672 ---------- Operating Margin 1,034,931 ---------- Operating Expenses and Taxes (except income): Operation 245,920 Maintenance 65,302 Depreciation and amortization 228,547 Taxes (except income) 72,227 ---------- 611,996 ---------- Operating Income Before Utility Income Taxes 422,935 ---------- Utility Income Taxes 120,786 ---------- Operating Income 302,149 ---------- Other Income (Deductions) (3,589) ---------- Interest: Interest on long-term debt 69,672 Other interest 5,087 Allowance for borrowed funds used during construction and carrying charges (563) Amortization of premium, reacquisition premium, discount, and expense on debt, net 4,184 ---------- 78,380 ---------- Net Income 220,180 Dividend Requirements on Preferred Stocks 8,335 ---------- Balance Available for Common Shares $ 211,845 ========== Common Dividends Declared $ 212,000 ==========
A.26 NORTHERN INDIANA PUBLIC SERVICE COMPANY CONSOLIDATED STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 146,293 Net Income 220,180 Dividends on cumulative preferred stock (8,335) Common shares dividends (212,000) ---------- Balance at End of Year $ 146,138 ==========
A.27 NIPSCO EXPLORATION COMPANY, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 268 Accounts receivable - associated companies 2,304 ---------- Total Current Assets 2,572 ---------- TOTAL ASSETS $ 2,572 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1,400 Retained earnings 974 ---------- Total Capitalization 2,374 ---------- Current Liabilities: Total accounts payable 61 Taxes accrued 20 Notes payable to associated companies 133 ---------- Total Current Liabilities 214 ---------- Noncurrent Liabilities: Deferred income taxes (16) ---------- Total Noncurrent Liabilities (16) ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 2,572 ==========
A.27 NIPSCO EXPLORATION COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 64 ---------- Total Revenues 64 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 13 ---------- Total Operating Expenses and Taxes (Except Income) 13 ---------- Other Income (Deductions) 12 ---------- Interest and other charges 10 ---------- Income tax expense 21 ---------- NET INCOME (LOSS) $ 32 ==========
A.27 NIPSCO EXPLORATION COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 942 Net Income 32 ---------- BALANCE AT END OF YEAR $ 974 ==========
A.28 SHORE LINE SHOPS, INCORPORATED BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 101 Accounts receivable - associated companies 568 ---------- Total Current Assets 669 ---------- Other Property and Investments: Other property at cost less depreciation 16 Investments at cost 182 ---------- Total Other Property and Investments 198 ---------- TOTAL ASSETS $ 867 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 73 Retained earnings (2,539) ---------- Total Capitalization (2,466) ---------- Current Liabilities: Total accounts payable 2,370 Taxes accrued (82) Notes payable to associated companies 1,003 ---------- Total Current Liabilities 3,291 ---------- Noncurrent Liabilities: Deferred income taxes 42 ---------- Total Noncurrent Liabilities 42 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 867 ==========
A.28 SHORE LINE SHOPS, INCORPORATED INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 6 ---------- Total Revenues 6 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 27 Taxes (except income) 22 ---------- Total Operating Expenses and Taxes (Except Income) 49 ---------- Interest and other charges 108 ---------- Income tax expense (12) ---------- NET INCOME (LOSS) $ (139) ==========
A.28 SHORE LINE SHOPS, INCORPORATED STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ (2,400) Net Income (139) ---------- BALANCE AT END OF YEAR $ (2,539) ==========
A.29 NI ENERGY SERVICES, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ (403) Other accounts receivable (1,960) Reserve-customer accounts (626) Accounts receivable - associated companies 1,970 Notes receivable - associated companies 3,620 ---------- Total Current Assets 2,601 ---------- Other Property and Investments: Other property at cost less depreciation 1,98/ Investments at equity (18,179) ---------- Total Other Property and Investments (16,191) ---------- Other Assets: Deferred charges and other 1,929 ---------- Total Other Assets 1,929 ---------- TOTAL ASSETS $ (11,661) ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 2,887 Foreign currency translation adjustment (1,744) Retained earnings (27,721) ---------- Total Capitalization (26,578) ---------- Current Liabilities: Total accounts payable 989 Taxes accrued (2,496) Notes payable to associated companies 15,366 Taxes withheld payables (251) ---------- Total Current Liabilities 13,608 ---------- Noncurrent Liabilities: Deferred income taxes 670 Deferred credits 639 ---------- Total Noncurrent Liabilities 1,309 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ (11,661) ==========
A.29 NI ENERGY SERVICES, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 3,360 ---------- Total Revenues 3,360 ---------- Operating Expenses and Taxes (Except Income): Operating expenses 7 Administrative and general expenses 8,260 Depreciation and amortization 68 Taxes (except income) 52 ---------- Total Operating Expenses and Taxes (Except Income) 8,387 ---------- Other Income (Deductions): Investment income (loss) (1,348) Total Other income & deductions 670 Other non-operating income (328) ---------- Total Other Income (Deductions) (1,006) ---------- Interest and other charges 1,677 ---------- Income tax expense (2,362) ---------- Income (Loss) Before Subsidiaries (5,348) ---------- Subsidiary Gain (Loss) (28,876) ---------- NET INCOME (LOSS) $ (34,224) ==========
A.29 NI ENERGY SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 6,503 Net Income (34,224) ---------- BALANCE AT END OF YEAR $ (27,721) ==========
A.30 MARKET HUB PARTNERS, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.30 MARKET HUB PARTNERS, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.30 MARKET HUB PARTNERS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.31 MARKET HUB PARTNERS, L.P. BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.31 MARKET HUB PARTNERS, L.P. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.31 MARKET HUB PARTNERS, L.P. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.32 INVENTORY MANAGEMENT AND DISTRIBUTION COMPANY, L.L.C. BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.32 INVENTORY MANAGEMENT AND DISTRIBUTION COMPANY, L.L.C. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.32 INVENTORY MANAGEMENT AND DISTRIBUTION COMPANY, L.L.C. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.33 NIPSCO FUEL COMPANY, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 15 Other accounts receivable (19) Accounts receivable - associated companies 5,265 ---------- Total Current Assets 5,261 ---------- Other Property and Investments: Other property at cost less depreciation 3 Investments at equity 19,253 ---------- Total Other Property and Investments 19,256 ---------- Other Assets: Deferred charges and other 5,151 ---------- Total Other Assets 5,151 ---------- TOTAL ASSETS $ 29,668 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (19,450) ---------- Total Capitalization (19,449) ---------- Current Liabilities: Total accounts payable 3,097 Taxes accrued 3,163 Notes payable to associated companies 36,581 ---------- Total Current Liabilities 42,841 ---------- Noncurrent Liabilities: Deferred income taxes 4,315 Deferred credits 1,961 ---------- Total Noncurrent Liabilities 6,276 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 29,668 ==========
A.33 NIPSCO FUEL COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 0 ---------- Total Operating Revenue 0 ---------- Cost of Sales: Cost of Sales (77) ---------- Total Cost of Sales (77) ---------- Operating Margin 77 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 234 Depreciation and amortization 2 Taxes (except income) (20) ---------- Total Operating Expenses and Taxes (Except Income) 216 ---------- Other Income (Deductions) 534 ---------- Interest and other charges 2,481 ---------- Income tax expense (1,522) ---------- Income (Loss) Before Subsidiaries (564) ---------- Subsidiary Gain (Loss) 14 ---------- NET INCOME (LOSS) $ (550) ==========
A.33 NIPSCO FUEL COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ (18,900) Net Income (550) ---------- BALANCE AT END OF YEAR $ (19,450) ==========
A.34 BRISTOL RESOURCES PRODUCTION COMPANY L.L.C. BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.34 BRISTOL RESOURCES PRODUCTION COMPANY L.L.C. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.34 BRISTOL RESOURCES PRODUCTION COMPANY L.L.C. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.35 NFCO ACQUISITION COMPANY BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 1 Accounts receivable - associated companies 27 ---------- Total Current Assets 28 ---------- Other Assets: Deferred charges and other 567 ---------- Total Other Assets 567 ---------- TOTAL ASSETS $ 595 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 287 Retained earnings 14 ---------- Total Capitalization 302 ---------- Current Liabilities: Total accounts payable 24 Taxes accrued 73 Notes payable to associated companies 26 ---------- Total Current Liabilities 123 ---------- Noncurrent Liabilities: Deferred income taxes (37) Deferred credits 207 ---------- Total Noncurrent Liabilities 170 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 595 ==========
A.35 NFCO ACQUISITION COMPANY INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 0 ---------- Total Operating Revenue 0 ---------- Cost of Sales: Cost of Sales 1 ---------- Total Cost of Sales 1 ---------- Operating Margin (1) ---------- Operating Expenses and Taxes (Except Income): Administrative and general expense 14 ---------- Total Operating Expenses and Taxes (Except Income) (15) ---------- Other Income (Deductions) 22 ---------- Income tax expense (7) ---------- NET INCOME (LOSS) $ 14 ==========
A.35 NFCO ACQUISITION COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 Dollars in Thousands) Balance at Beginning of Year $ 247 Net Income 14 Dividends declared common (247) ---------- BALANCE AT END OF YEAR $ 14 ==========
A.36 NI-TEX, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 99 Other accounts receivable 243 Accounts receivable - associated companies (282) ---------- Total Current Assets 60 ---------- Other Property and Investments: Investments at equity 1,832 ---------- Total Other Property and Investments 1,832 ---------- TOTAL ASSETS $ 1,892 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 2 Retained earnings (295) ---------- Total Capitalization (293) ---------- Current Liabilities: Total accounts payable 678 Taxes accrued (7) Notes payable to associated companies 1,082 ---------- Total Current Liabilities 1,753 ---------- Noncurrent Liabilities: Deferred income taxes 432 ---------- Total Noncurrent Liabilities 432 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,892 ==========
A.36 NI-TEX, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Gas sales $ 32 ---------- Total Operating Revenue 32 ---------- Cost of Sales: Gas purchases 36 Intercompany gas purchases 0 ---------- Total Cost of Sales 36 ---------- Operating Margin (4) ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 23 Taxes (except income) 1 ---------- Total Operating Expenses and Taxes (Except Income) 24 ---------- Other Income (Deductions): Investment income (loss) (25) Other non-operating income (3,166) ---------- Total Other Income (Deductions) (3,191) ---------- Interest and other charges 1 ---------- Income tax expense (288) ---------- NET INCOME (LOSS) $ (2,932) ==========
A.36 NI-TEX, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 2,637 Net Income (2,932) ---------- BALANCE AT END OF YEAR $ (295) ==========
A.37 NI-TEX Gas Services, Inc. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 189 Accounts receivable - associated companies 967 Prepayments 3 ---------- Total Current Assets 1 159 ---------- Other Property and Investments: Investments at equity 4,816 ---------- Total Other Property and Investments 4,816 ---------- Other Assets: Deferred charges and other 12 ---------- Total Other Asset 12 ---------- TOTAL ASSETS $ 5,987 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 2 Additional paid-in-capital 5,872 Retained earnings (1,097) ---------- Total Capitalization 4,777 ---------- Current Liabilities: Total accounts payable 95 Taxes accrued 550 ---------- Total Current Liabilities 645 ---------- Noncurrent Liabilities: Deferred income taxes 565 ---------- Total Noncurrent Liabilities 565 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 5,987 ==========
A.37 NI-TEX Gas Services, Inc. INCOME STATEMENT* For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Gas sales $ 0 ---------- Total Operating Revenue 0 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 12 Taxes (except income) 3 ---------- Total Operating Expenses and Taxes (Except Income) 15 ---------- Other Income (Deductions): Investment income (loss) 1,998 Other non-operating income 3,213 ---------- Total Other Income (Deductions) 5,211 ---------- Income tax expense 542 ---------- NET INCOME (LOSS) $ 4,654 ========== *Income statement reflects activity for November 1998 through December 1998.
A.37 NI-TEX Gas Services, Inc. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ (5,751) Net Income* 4,654 ---------- BALANCE AT END OF YEAR $ (1,097) ========== *Net income is for November 1998 through December 1998.
A.38 LAREDO NUECES PIPELINE COMPANY BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.38 LAREDO NUECES PIPELINE COMPANY INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.38 LAREDO NUECES PIPELINE COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.39 MIDTEX GAS STORAGE COMPANY, L.L.P. BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.39 MIDTEX GAS STORAGE COMPANY, L.L.P. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.39 MIDTEX GAS STORAGE COMPANY, L.L.P. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.40 NESI ENERGY MARKETING, L.L.C. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 18,665 Other accounts receivable 65,198 Reserve - customer accounts (106) Accounts receivable - associated companies 5,712 Natural gas in storage, weighted average 13,522 Prepayments 6 ---------- Total Current Assets 102,997 ---------- Other Property and Investments: Other property at cost less depreciation 567 ---------- Total Other Property and Investments 567 ---------- Other Assets: Deferred charges and other 3 ---------- Total Other Assets 3 ---------- TOTAL ASSETS $ 103,567 ========== CAPITALIZATION AND LIABILITIES Capitalization: Additional paid-in-capital $ (1,065) Retained earnings 1,367 ---------- Total Capitalization 302 ---------- Current Liabilities: Total accounts payable 75,753 Taxes accrued (2,168) Notes payable to associated companies 33,567 Taxes withheld payables (107) ---------- Total Current Liabilities 107,045 ---------- Noncurrent Liabilities: Deferred credits (3,780) ---------- Total Noncurrent Liabilities (3,780) ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 103,567 ==========
A.40 NESI ENERGY MARKETING, L.L.C. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Operating revenue $ 568,510 Intercompany operating revenue 61,627 ---------- Total Operating Revenue 630,137 ---------- Cost of Sales: Cost of sales 610,707 Intercompany cost of sales 13,240 ---------- Total Cost of Sales 623,947 ---------- Operating Margin 6,190 ---------- Operating Expenses and Taxes (Except Income): Operating expenses 212 Administrative and general expenses 3,101 Depreciation and amortization 133 Taxes (except income) 104 ---------- Total Operating Expenses and Taxes (Except Income) 3,550 ---------- Other Income (Deductions) (3) ---------- Interest and other charges 1,242 ---------- Income tax expense 28 ---------- NET INCOME (LOSS) $ 1,367 ==========
A.40 NESI ENERGY MARKETING, L.L.C. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance beginning of year $ 0 Net Income 1,367 ---------- BALANCE AT END OF YEAR $ 1,367 ==========
A.41 GREEN FUELS, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Notes receivable $ 233 Other accounts receivable 320 Accounts receivable - associated companies 51 Material and supplies at average cost 390 Prepayments 4 ---------- Total Current Assets 998 ---------- Other Property and Investments: Other property at cost less depreciation 1,060 ---------- Total Other Property and Investments 1,060 ---------- TOTAL ASSETS $ 2,058 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (2,673) ---------- Total Capitalization (2,672) ---------- Current Liabilities: Total accounts payable 95 Taxes accrued (1,025) Notes payable to associated companies 4,137 Taxes withheld payables (15) ---------- Total Current Liabilities 3,192 ---------- Noncurrent Liabilities: Deferred income taxes 9 Deferred credits 1,529 ---------- Total Noncurrent Liabilities 1,538 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 2,058 ==========
A.41 GREEN FUELS, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Operating revenue $ 387 --------- Total Operating Revenue 387 --------- Cost of Sales: Cost of sales 296 --------- Total Cost of Sales 296 --------- Operating Margin 91 ---------- Operating Expenses and Taxes (Except Income): Operating expenses 249 Administrative and general expenses 719 Depreciation and amortization 185 Taxes (except income) 54 --------- Total Operating Expenses and Taxes (Except Income) 1,207 --------- Other Income (Deductions) (1,275) --------- Interest and other charges 316 --------- Income tax expense (1,027) ---------- NET INCOME (LOSS) $ (1,680) ==========
A.41 GREEN FUELS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at beginning of year $ (993) Net Income (1,680) ---------- BALANCE AT END OF YEAR $ (2,673) ==========
A.42 NESI TRANSPORTATION, INC. BALANCE SHEET For the Year Ended December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 2 Other accounts receivable 1,785 Accounts receivable - associated companies (6) ----------- Total Current Assets 1,781 ----------- TOTAL ASSETS $ 1,781 =========== CAPITALIZATION AND LIABILITIES: Capitalization: Retained earnings 273 ---------- Total Capitalization 273 ---------- Current Liabilities: Total accounts payable 56 Taxes accrued 167 Notes payable to associated companies 1,285 ---------- Total Current Liabilities 1,508 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,781 ==========
A.42 NESI TRANSPORTATION, INC. INCOME STATEMENT* For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 1,757 ---------- Total Operating Revenue 1,757 ---------- Cost of Sales: Cost of Sales 1,323 ---------- Total Cost of Sales 1,323 ---------- Operating Margin 434 ---------- Operating Expense and Taxes (Except Income): Administrative and general expenses 0 ---------- Total Operating Expenses and Taxes (Except Income) 0 ---------- Other Income (Deductions) 18 ---------- Interest and other charges 13 ---------- Income tax expense 166 ---------- NET INCOME (LOSS) $ 273 ========== *Income statement reflects activity for September 1998 through December 1998.
A.42 NESI TRANSPORTATION, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at beginning of year $ 0 Net income* (loss) 273 ---------- BALANCE AT END OF YEAR $ 273 ========== *Net income is for September 1998 through December 1998.
A.43 NESI POWER MARKETING, INC. BALANCE SHEET For the Year Ended December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 611 Other accounts receivable 32,080 Reserve-customer accounts (4,716) Accounts receivable - associated companies 25 ----------- Total Current Assets 28,000 ----------- Other Property and Investments: Other property at cost less depreciation 2,227 ----------- Total Other Property and Investments 2,227 ----------- Other Assets: Deferred charges and other 998 ----------- Total other assets 998 ----------- TOTAL ASSETS $ 31,225 =========== CAPITALIZATION AND LIABILITIES: Capitalization: Common shares without par value $ 1 Retained earnings (15,855) ---------- Total Capitalization (15,854) ---------- Current Liabilities: Total accounts payable 27,304 Taxes accrued (9,554) Notes payable to associated companies 29,338 ---------- Total Current Liabilities 47,088 ---------- Noncurrent Liabilities: Deferred income taxes (9) ---------- Total Noncurrent Liabilities (9) ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 31,225 ==========
A.43 NESI POWER MARKETING, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 353,868 ---------- Total Operating Revenue 353,868 ---------- Cost of Sales: Cost of sales 370,960 ---------- Total Cost of Sales 370,960 ---------- Operating Margin (17,091) ---------- Operating Expense and Taxes (Except Income): Operating expenses 4,692 Administrative and general expenses 1,721 Depreciation and amortization 4 Taxes (except income) 580 ---------- Total Operating Expense and Taxes (Except Income) 6,997 ---------- Other Income (Deductions) 4 ---------- Interest and other charges 1,110 ---------- Income tax expense (9,549) ---------- NET INCOME (LOSS) $ (15,645) ==========
A.43 NESI POWER MARKETING, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at beginning of year $ (210) Net income (loss) (15,645) ---------- BALANCE AT END OF YEAR $ (15,855) ==========
A.44 NESI INTEGRATED ENERGY RESOURCES, INC. BALANCE SHEET For the Year Ended December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 2,728 Other accounts receivable 2,566 Accounts receivable - associated companies (1) Material and supplies at average cost 3 Natural gas in storage - weighted average 1,184 Prepayments 68 ----------- Total Current Assets 6,548 ----------- Other Property and Investments: Other property at cost less depreciation 29 ----------- Total Other Property and Investments 29 ----------- TOTAL ASSETS $ 6,577 =========== CAPITALIZATION AND LIABILITIES: Capitalization: Common shares without par value $ 1 Retained earnings (547) ---------- Total Capitalization (546) ---------- Current Liabilities: Total accounts payable 1,511 Customer deposits 0 Taxes accrued (91) Notes payable to associated companies 6,483 Taxes withheld payables (5) ---------- Total Current Liabilities 7,898 ---------- Noncurrent Liabilities: Deferred income taxes 0 Deferred credits (775) ---------- Total Noncurrent Liabilities (775) ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 6,577 ==========
A.44 NESI INTEGRATED ENERGY RESOURCES, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 6,259 --------- Total Operating Revenue 6,259 --------- Cost of Sales: Cost of Sales 5,528 --------- Total Cost of Sales 5,528 --------- Operating Margin 731 --------- Operating Expense and Taxes (Except Income) Operating expenses 176 Administrative and general expenses 754 Depreciation and amortization 1 Taxes (except income) 24 --------- Total Operating Expense and Taxes (Except Income) (224) --------- Interest and other charges 165 --------- Income tax expense (128) --------- NET INCOME (LOSS) $ (262) =========
A.44 NESI INTEGRATED ENERGY RESOURCES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at beginning of year $ (285) Net income (loss) (262) --------- BALANCE AT END OF YEAR $ (547) =========
A.45 NESI SOLUTIONS, INC. BALANCE SHEET For the Year Ended December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 721 Other accounts receivable 2,434 Reserve - customer accounts (528) Accounts receivable - associated companies 63 Material and supplies at average cost 376 Prepayments 3 ----------- Total Current Assets 3,070 ----------- Other Property and Investments: Other property at cost less depreciations 443 Less-Accumulated provision for depreciation and amortization (123) ----------- Total Other Property and Investments 319 ----------- Other Assets: Deferred charges and other 559 ----------- Total Other Asset 559 ----------- TOTAL ASSETS $ 3,948 =========== CAPITALIZATION AND LIABILITIES: Capitalization: Common shares without par value $ 301 Retained earnings (4,994) ---------- Total Capitalization (4,693) ---------- Current Liabilities: Total accounts payable 1,263 Customer deposits 27 Taxes accrued (1,718) Notes payable to associated companies 8,796 Other accruals 21 Taxes withheld payable (123) Miscellaneous accrued liabilities 255 ---------- Total Current Liabilities 8,521 ---------- Noncurrent Liabilities: Deferred income taxes 18 Deferred credits 102 ---------- Total Noncurrent Liabilities 120 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 3,948 ==========
A.45 NESI SOLUTIONS, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 6,184 --------- Total Operating Revenue 6,184 --------- Cost of Sales: Cost of Sales 4,504 --------- Total Cost of Sales 4,504 --------- Operating Margin 1,680 --------- Operating Expense and Taxes (Except Income) Operating expenses 1,029 Administrative and general expenses 4,732 Depreciation and amortization 172 Taxes (except income) 230 --------- Total Operating Expense and Taxes (Except Income) 6,163 --------- Other Income (Deductions) 64 --------- Interest and other charges 557 --------- Income tax expense (1,835) --------- NET INCOME (LOSS) $ (3,141) =========
A.45 NESI SOLUTIONS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at beginning of year $ (1,853) Net income (loss) (3,141) ---------- BALANCE AT END OF YEAR $ (4,994) =========
A.46 NIPSCO ENERGY SERVICES CANADA, LTD. BALANCE SHEET For the Year Ended December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 24 Other accounts receivable 4 Accounts receivable - associated companies 4 ----------- Total Current Assets 32 ----------- TOTAL ASSETS $ 32 =========== CAPITALIZATION AND LIABILITIES: Capitalization: Common shares without par value $ 984 Foreign currency translation adjustment 444 Retained earnings (1,866) ---------- Total Capitalization (438) ---------- Current Liabilities: Total accounts payable 431 Notes payable to associated companies 39 ---------- Total Current Liabilities 470 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 32 ==========
A.46 NIPSCO ENERGY SERVICES CANADA, LTD. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Expense and Taxes (Except Income) Administrative and general expenses $ 242 ---------- Total Operating Expense and Taxes (Except Income) 242 ---------- Other Income (Deductions) 940 ---------- Interest and other charges 152 ---------- NET INCOME (LOSS) $ 546 ==========
A.46 NIPSCO ENERGY SERVICES CANADA, LTD. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance - beginning of year $ (2,412) Net income (loss) 546 ---------- BALANCE AT END OF YEAR $ (1,866) ==========
A.47 NESI CANADIAN HOLDINGS, INC. BALANCE SHEET For the Year Ended December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Notes receivable - associated companies $ 9,181 ----------- Total Current Assets 9,181 ----------- Other Property and Investments: Investments at equity 4,590 ----------- Total Other Property and Investments 4,590 ----------- TOTAL ASSETS $ 13,771 =========== CAPITALIZATION AND LIABILITIES: Capitalization: Additional paid-in capital $ 15,521 Foreign currency translation adjustment (1,197) Retained earnings (553) ---------- Total Capitalization 13,771 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 13,771 ==========
A.47 NESI CANADIAN HOLDINGS, INC. INCOME STATEMENT* For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Expense and Taxes (Except Income) Administrative and general expenses $ 0 ---------- Total Operating Expense and Taxes (Except Income) 0 ---------- Other Income (Deductions) 0 ---------- Income (loss) before subsidiaries 0 ---------- Subsidiary gain (loss) (553) ---------- NET INCOME (LOSS) $ (553) ========== *Income statement reflects activity for September 1998 through December 1998.
A.47 NESI CANADIAN HOLDINGS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance - beginning of year $ 0 Net income* (loss) (553) ---------- BALANCE AT END OF YEAR $ (553) ========== *Net income is for October 1998 through December 1998.
A.48 NI CANADA ULC BALANCE SHEET For the Year Ended December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 86 Notes receivable-associated companies 39 ----------- Total Current Assets 125 ----------- Other Property and Investments: Investments at equity 19,697 ----------- Total Other Property and Investments 19,697 ----------- Other Assets: Deferred charges and other 1 ----------- Total Other Asset 1 ----------- TOTAL ASSETS $ 19,823 =========== CAPITALIZATION AND LIABILITIES: Capitalization: Common shares without par value $ 5,147 Foreign currency translation adjustment (4) Retained earnings (553) ---------- Total Capitalization 4,590 ---------- Current Liabilities: Total obligations due in one year 6,039 Total accounts payable 13 Notes payable to associated companies 9,181 ---------- Total Current Liabilities 15,233 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 19,823 ==========
A.48 NI CANADA ULC INCOME STATEMENT* For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Expense and Taxes (Except Income) Administrative and general expenses $ 32 ---------- Total Operating Expense and Taxes (Except Income) 32 ---------- Other Income (Deductions): Investment income (loss) (524) Non-operating income 98 ---------- Total Other Income (Deductions) (426) ---------- Interest and other charges 95 ---------- NET INCOME (LOSS) $ (553) ========== *Income statement reflects activity for September 1998 through December 1998.
A.48 NI CANADA ULC STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance - beginning of year $ 0 Net income* (loss) (553) ---------- BALANCE AT END OF YEAR $ (553) ========== *Net income is for September 1998 through December 1998.
A.49 NI ENERGY SERVICES DEVELOPMENT, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 7 ---------- Total Current Assets 7 ---------- Other Property and Investments: Investments at equity 10,865 ---------- Total Other Property and Investments 10,865 ---------- TOTAL ASSETS $ 10,872 ========== CAPITALIZATION AND LIABILITIES Capitalization: Retained earnings $ 923 ---------- Total Capitalization 923 ---------- Current Liabilities: Taxes accrued (54) Notes payable to associated companies 10,004 ---------- Total Current Liabilities 9,949 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 10,872 ==========
A.49 NI ENERGY SERVICES DEVELOPMENT, INC. INCOME STATEMENT* For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 0 ---------- Total Operating Revenue 0 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 15 ---------- Total Operating Expenses and Taxes (Except Income) 15 ---------- Other Income (Deductions): Investment income (loss) 1,012 Non-operating income 71 ---------- Total Other Income (Deductions) 1,083 Interest and other charges 199 ---------- Income tax expense (54) ---------- NET INCOME (LOSS) $ 923 ========== *Income statement reflects activity for May 1998 through December 1998.
A.49 NI ENERGY SERVICES DEVELOPMENT, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 0 Net Income* 923 ---------- BALANCE AT END OF YEAR $ 923 ========== *Net income is for May 1998 through December 1998.
A.50 PORTLAND NATURAL GAS TRANSMISSION SYSTEM BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.50 PORTLAND NATURAL GAS TRANSMISSION SYSTEM INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.50 PORTLAND NATURAL GAS TRANSMISSION SYSTEM STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.51 CANOR ENERGY, LTD. BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.51 CANOR ENERGY, LTD. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.51 CANOR ENERGY, LTD. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.52 NESI ENERGY MARKETING CANADA, LTD. BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.52 NESI ENERGY MARKETING CANADA, LTD. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.52 NESI ENERGY MARKETING CANADA, LTD. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.53 NIPSCO DEVELOPMENT COMPANY, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 330 Notes receivable 592 Other accounts receivable 433 Accounts receivable - associated companies 3,397 Notes receivable - associated companies 2,965 Prepayments 281 ---------- Total Current Assets 7,998 ---------- Other Property and Investments: Other property at cost less depreciation 10,647 Investments at equity 58,136 Investments at cost 4,634 ---------- Total Other Property and Investments 73,417 ---------- Other Assets: Deferred charges and other (613) ---------- Total Other Assets (613) ---------- TOTAL ASSETS $ 80,802 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Foreign currency translation adjustment (795) Retained earnings (50,438) ---------- Total Capitalization (51,232) ---------- Current Liabilities: Total accounts payable (119) Taxes accrued (4,990) Accrued employment costs 9 Notes payable to associated companies 140,845 Taxes withheld payables (142) ---------- Total Current Liabilities 135,603 ---------- Noncurrent Liabilities: Deferred income taxes (3,569) ---------- Total Noncurrent Liabilities (3,569) ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 80,802 ==========
A.53 NIPSCO DEVELOPMENT COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 7,465 ---------- Total Revenue 7,465 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 5,002 Depreciation and amortization 535 Taxes (except income) 786 ---------- Total Operating Expenses and Taxes (Except Income) 6,322 ---------- Other Income (Deductions): Investment income (loss) 124 Non-operating income 3,434 ---------- Total Other Income (Deductions) 3,558 ---------- Interest and other charges 10,607 ---------- Income tax expense (2,213) ---------- Income (Loss) Before Subsidiaries (3,693) ---------- Subsidiary Gain (Loss) 2,255 ---------- NET INCOME (LOSS) $ (1,438) ==========
A.53 NIPSCO DEVELOPMENT COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ (49,000) Net Income (1,438) ---------- BALANCE AT END OF YEAR $ (50,438) ==========
A.54 ANALYTIC SYSTEMS LABORATORIES, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 186 Other accounts receivable 213 Material and supplies at average cost 509 Prepayments 19 ---------- Total Current Assets 927 ---------- Other Property and Investments: Other property at cost less depreciation 468 ---------- Total Other Property and Investments 468 ---------- Other Assets: Deferred charges and other 63 ---------- Total Other Assets 63 ---------- TOTAL ASSETS $ 1,458 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 561 Retained earnings (4,400) ---------- Total Capitalization (3,839) ---------- Current Liabilities: Total accounts payable 2,331 Notes payable to associated companies 2,966 ---------- Total Current Liabilities 5,297 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,458 ==========
A.54 ANALYTIC SYSTEMS LABORATORIES, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 2,037 ---------- Total Operating Revenue 2,037 ---------- Cost of Sales: Cost of Sales 867 ---------- Total Cost of Sales 867 ---------- Operating Margin 1,170 ---------- Operating Expenses and Taxes (Except Income): Operating expenses 110 Administrative and general expenses 1,306 Depreciation and amortization 112 Taxes (except income) 63 ---------- Total Operating Expenses and Taxes (Except Income) 1,591 ---------- Other Income (Deductions) (242) ---------- Income tax expense 1 ---------- NET INCOME (LOSS) $ (664) ==========
A.54 ANALYTIC SYSTEMS LABORATORIES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ (3,736) Net Income (664) ---------- BALANCE AT END OF YEAR $ (4,400) ==========
A.55 PROTONICS RESEARCH, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.55 PROTONICS RESEARCH, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.55 PROTONICS RESEARCH, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.56 INTERNATIONAL POLYMER CORPORATION BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.56 INTERNATIONAL POLYMER CORPORATION INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.56 INTERNATIONAL POLYMER CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.57 JOF TRANSPORTATION COMPANY BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 643 Accounts receivable - associated companies 70 ---------- Total Current Assets 713 ---------- Other Property and Investments: Investments at equity 5,920 ---------- Total Other Property and Investments 5,920 ---------- TOTAL ASSETS $ 6,633 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 5,633 Dividends: Common shares (1,000) ---------- Total Capitalization 4,634 ---------- Current Liabilities: Total accounts payable (3) Taxes accrued 765 Notes payable to associated companies 684 ---------- Total Current Liabilities 1,446 ---------- Noncurrent Liabilities: Deferred income taxes 553 ---------- Noncurrent Liabilities: 553 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 6,633 ==========
A.57 JOF TRANSPORTATION COMPANY INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Expenses and Taxes (Except Income): Administrative and general expenses 23 Taxes (except income) 1 ---------- Total Operating Expenses and Taxes (Except Income) 24 ---------- Other Income (Deductions): Investment income (loss) 1,985 Non-operating income 151 ---------- Total Other Income (Deductions) 2,136 ---------- Income tax expense 772 ---------- NET INCOME (LOSS) $ 1,340 ==========
A.57 JOF TRANSPORTATION COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 4,293 Net Income 1,340 Dividends declared common (1,000) ---------- BALANCE AT END OF YEAR $ 4,633 ==========
A.58 KOGAF ENTERPRISES, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 10 Notes receivable - associated companies 2,117 ---------- Total Current Assets 2,127 ---------- Other Property and Investments: Investments at equity 130 ---------- Total Other Property and Investments 130 ---------- TOTAL ASSETS $ 2,257 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 2,103 Retained earnings 134 ---------- Total Capitalization 2,237 ---------- Current Liabilities: Total accounts payable 59 ---------- Total Current Liabilities 59 ---------- Noncurrent Liabilities: Deferred income taxes (39) ---------- Noncurrent Liabilities (39) ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 2,257 ==========
A.58 KOGAF Enterprises, Inc. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 140 ---------- Total Operating Revenue 140 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 2 ---------- Total Operating Expenses and Taxes (Except Income) 2 ---------- Income tax expense 36 ---------- NET INCOME (LOSS) $ 102 ==========
A.58 KOGAF ENTERPRISES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 32 Net Income 102 ---------- BALANCE AT END OF YEAR $ 134 ==========
A.59 LAKE ERIE LAND COMPANY BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 243 Notes receivable 2,583 Other accounts receivable 22 Accounts receivable - associated companies 2,488 Prepayments 700 ---------- Total Current Assets 6,036 ---------- Other Property and Investments: Other property at cost less depreciation 21,750 Investments at equity (1,030) Investments at cost 33,534 ---------- Total Other Property and Investments 54,254 ---------- Other Assets: Deferred charges and other 114 ---------- Total Other Assets 114 ---------- TOTAL ASSETS $ 60,404 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in capital 60,500 Retained earnings (12,164) Long term debt excluding amounts due within one year 2,532 ---------- Total Capitalization 50,869 ---------- Current Liabilities: Short term note payable 103 Total accounts payable 4,615 Customer deposits 39 Taxes accrued (1,926) Accrued interest 19 Notes payable to associated companies 6,685 ---------- Total Current Liabilities 9,535 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 60,404 ==========
A.59 LAKE ERIE LAND COMPANY INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 3,963 ---------- Total Operating Revenue 3,963 ---------- Cost of Sales: Cost of sales 3,238 ---------- Total Cost of Sales 3,238 ---------- Operating Margin 725 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 3,865 Depreciation and amortization 1,476 Taxes (except income) 310 ---------- Total Operating Expenses and Taxes (Except Income) 5,651 ---------- Other Income (Deductions) 3 ---------- Interest and other charges 807 ---------- Income tax expense (2,070) ---------- Income (Loss) Before Subsidiaries (3,660) ---------- Subsidiary Gain (Loss) (485) ---------- NET INCOME (LOSS) $ (4,145) ==========
A.59 LAKE ERIE LAND COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ (8,019) Net Income (4,145) ---------- BALANCE AT END OF YEAR $ (12,164) ==========
A.60 SCC SERVICES, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 553 Other accounts receivable 331 Material and supplies at average cost 280 ---------- Total Current Assets 1,164 ---------- Other Assets: Deferred charges and other 38 ---------- Total Other Assets 38 ---------- TOTAL ASSETS $ 1,202 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 57 Retained earnings (1,088) ---------- Total Capitalization (1,030) ---------- Current Liabilities: Total accounts payable 2,441 Taxes accrued (266) ---------- Total Current Liabilities 2,175 ---------- Noncurrent Liabilities: Deferred credits 57 ---------- Noncurrent Liabilities 57 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,202 ==========
A.60 SCC SERVICES, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 4,761 ---------- Total Operating Revenues 4,761 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 5,277 Taxes (except income) 245 ---------- Total Operating Expenses and Taxes (Except Income) 5,522 ---------- Other Income (Deductions) 10 ---------- Income tax expense (267) ---------- NET INCOME (LOSS) $ (484) ==========
A.60 SCC SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ (604) Net Income (484) ---------- BALANCE AT END OF YEAR $ (1,088) ==========
A.61 N SQUARED AVIATION, LLC BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.61 N SQUARED AVIATION, LLC INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.61 N SQUARED AVIATION, LLC STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.62 NDC DOUGLAS PROPERTIES, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 474 Accounts receivable - associated companies (180) ---------- Total Current Assets 294 ---------- Other Property and Investments: Investments at equity 34,004 ---------- Total Other Property and Investments 34,004 ---------- TOTAL ASSETS $ 34,298 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 2,088 Long term debt excluding amounts due 25,274 ---------- Total Capitalization 27,363 ---------- Current Liabilities: Obligations due in one year 4,687 Total accounts payable 26 Taxes accrued (6,018) Interest accrued 2,174 Notes payable to associated companies 3,861 ---------- Total Current Liabilities 4,730 ---------- Noncurrent Liabilities: Deferred income taxes 2,205 ---------- Noncurrent Liabilities 2,205 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 34,298 ==========
A.62 NDC DOUGLAS PROPERTIES, INC. INCOME STATEMENT For the Year Ended December 31, 1998 Dollars in Thousands) Operating Revenues: Total operating revenue $ 81 ---------- Total Operating Revenue 81 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 134 Taxes (except income) 2 ---------- Total Operating Expenses and Taxes (Except Income) 136 ---------- Other Income (Deductions): Investment income (loss) (2,613) Non-operating income 7 ---------- Total Other Income (Deductions) (2,606) ---------- Interest and other charges 3,083 ---------- Income tax expense (6,562) ---------- NET INCOME (LOSS) $ 818 ==========
A.62 NDC DOUGLAS PROPERTIES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 1,270 Net Income 818 ---------- BALANCE AT END OF YEAR $ 2,088 ==========
A.63 NIPSCO INTERNATIONAL POWER SYSTEMS COMPANY BALANCE SHEET December 31, 1998 (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 (3) ---------- Total Capitalization (2) ---------- Current Liabilities: Notes payable to associated companies 3 ---------- Total Current Liabilities 3 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1 ==========
A.63 NIPSCO INTERNATIONAL POWER SYSTEMS COMPANY INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.63 NIPSCO INTERNATIONAL POWER SYSTEMS COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ (3) Net Income 0 ---------- BALANCE AT END OF YEAR $ (3) ==========
A.64 NIPSCO SECURITY SERVICES, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ (133) Other accounts receivable 387 Reserve - customer accounts (60) Accounts receivable - associated companies 26 Material and supplies at average cost 992 Prepayments 1 ---------- Total Current Assets 1,213 ---------- Other Property and Investments: Other property at cost less depreciation 230 ---------- Total Other Property and Investments 230 ---------- Other Assets: Deferred charges and other 18 ---------- Total Other Assets 18 ---------- TOTAL ASSETS $ 1,461 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 54 Retained earnings (4,174) ---------- Total Capitalization (4,119) ---------- Current Liabilities: Total accounts payable 128 Customer deposits 119 Taxes accrued (594) Notes payable to associated companies 5,945 Taxes withheld payables (37) ---------- Total Current Liabilities 5,561 ---------- Noncurrent Liabilities: Deferred income taxes (4) Deferred credits 23 ---------- Total Noncurrent Liabilities 19 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,461 ==========
A.64 NIPSCO SECURITY SERVICES, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 2,825 ---------- Total Operating Revenue 2,825 ---------- Cost of Sales: Cost of Sales 1,261 ---------- Total Cost of Sales 1,261 ---------- Operating Margin 1,564 ---------- Operating Expenses and Taxes (Except Income): Operating expenses 239 Administrative and general expenses 2,201 Depreciation and amortization 84 Taxes (except income) 113 ---------- Total Operating Expenses and Taxes (Except Income) 2,637 ---------- Interest and other charges 484 ---------- Income tax expense (584) ---------- NET INCOME (LOSS) $ (973) ==========
A.64 NIPSCO SECURITY SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ (3,201) Net Income (973) ---------- BALANCE AT END OF YEAR $ (4,174) ==========
A.65 CUSTOMER INFORMATION SERVICES, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 22 Other accounts receivable 1,653 Accounts receivable - associated companies 1 ---------- Total Current Assets 1,676 ---------- Other Property and Investments: Other property at cost less depreciation 28 ---------- Total Other Property and Investments 28 ---------- TOTAL ASSETS $ 1,704 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 399 Dividends: common shares (1) ---------- Total Capitalization 399 ---------- Current Liabilities: Total accounts payable 24 Taxes accrued 47 Accrued employment costs 50 Notes payable to associated companies 1,116 Taxes withheld payables (10) ---------- Total Current Liabilities 1,227 ---------- Noncurrent Liabilities: Deferred income taxes 61 Deferred credits 17 ---------- Noncurrent Liabilities 78 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,704 ==========
A.65 CUSTOMER INFORMATION SERVICES, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Operating revenue $ 1,398 ---------- Total Operating Revenue 1,398 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 1,203 Depreciation and amortization 5 Taxes (except income) 23 ---------- Total Operating Expenses and Taxes (Except Income) 1,231 ---------- Other Income (Deductions) 1 ---------- Interest and other charges 27 ---------- Income tax expense 141 ---------- Income (Loss) Before Subsidiaries 35 ---------- Subsidiary Gain (Loss) (355) ---------- NET INCOME (LOSS) $ (320) ==========
A.65 CUSTOMER INFORMATION SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 719 Net Income (320) Dividends declared common (1) ---------- BALANCE AT END OF YEAR $ 398 ==========
A.66 CARDINAL PROPERTY MANAGEMENT, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 19 Accounts receivable - associated companies 6 Notes receivable - associated companies 75 ---------- Total Current Assets 100 ---------- Other Property and Investments: Other property at cost less depreciation 32 ---------- Total Other Property and Investments 32 ---------- TOTAL ASSETS $ 132 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 364 Dividends: common shares (284) ---------- Total Capitalization 81 ---------- Current Liabilities: Total accounts payable 43 Taxes accrued 5 ---------- Total Current Liabilities 48 ---------- Noncurrent Liabilities: Deferred income taxes 3 ---------- Noncurrent Liabilities 3 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 132 ==========
A.66 CARDINAL PROPERTY MANAGEMENT, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 17 ---------- Total Operating Revenue 17 ---------- Operating Expenses and Taxes (Except Income): Administrative and general expenses 7 Depreciation and amortization 8 Taxes (except income) 3 ---------- Total Operating Expenses and Taxes (Except Income) 18 ---------- Other Income (Deductions) 15 ---------- Income tax expense 5 ---------- NET INCOME (LOSS) $ 9 ==========
A.66 CARDINAL PROPERTY MANAGEMENT, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 355 Net Income 9 Dividends declared common (284) ---------- BALANCE AT END OF YEAR $ 80 ==========
A.67 PROGENI, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Other accounts receivable $ 0 Prepayments 27 ---------- Total Current Assets 27 ---------- Other Property and Investments: Other property at cost less depreciation 1,009 ---------- Total Other Property and Investments 1,009 ---------- Deferred charges other 316 ---------- Total Other Assets 316 ---------- TOTAL ASSETS $ 1,352 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (1,531) ---------- Total Capitalization (1,530) ---------- Current Liabilities: Total accounts payable 203 Taxes accrued (793) Accrued employment costs 133 Notes payable to associated companies 3,272 Taxes withheld payables (9) ---------- Total Current Liabilities 2,806 ---------- Noncurrent Liabilities: Deferred income taxes 2 Deferred credits 74 ---------- Total Noncurrent Liabilities 76 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 1,352 ==========
A.67 PROGENI, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Expenses and Taxes (Except Income): Administrative and general expenses 1,894 Depreciation and amortization 5 Taxes (except income) 46 ---------- Total Operating Expenses and Taxes (Except Income) 1,945 ---------- Interest and other charges 135 ---------- Income tax expense (789) ---------- NET INCOME (LOSS) $ (1,291) ==========
A.67 PROGENI, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ (240) Net Income (1,291) ---------- BALANCE AT END OF YEAR $ (1,531) ==========
A.68 SUN POWER CORPORATION BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.68 SUN POWER CORPORATION INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.68 SUN POWER CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.69 KOKOMO GAS AND FUEL COMPANY BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Utility Plant: Utility Plant $ 73,872 Less-Accumulated provision for depreciation and amortization (31,094) ---------- Total Utility Plant 42,778 ---------- Other Property and Investments: Investments at cost 5 ---------- Total Other Property and Investments 5 ---------- Current Assets: Cash and cash equivalents 1,537 Accounts receivable, less reserve 3,722 Gas cost adjustment clause 282 Material and supplies at average cost 409 Natural gas in storage, weighted average 887 Prepayments and other 7,590 ---------- Total Current Assets 14,427 ---------- Other Assets: Deferred charges and other 68 ---------- Total Other Assets 68 ---------- TOTAL ASSETS $ 57,278 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 46,170 Retained earnings 1,224 Dividends: Common Shares (2,400) ---------- Total Capitalization 44,994 ---------- Current Liabilities: Total accounts payable 4,197 Customer deposits 424 Taxes accrued 661 Interest accrued 94 Other accruals 1,133 ---------- Total Current Liabilities 6,509 ---------- Noncurrent Liabilities: Deferred income taxes 3,110 Deferred income tax credits amortized 609 Deferred credits 10 Postretirement accrued benefits 169 Regulatory income tax liability 1,477 Other non-current liabilities 400 ---------- Noncurrent Liabilities 5,775 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 57,278 ==========
A.69 KOKOMO GAS AND FUEL COMPANY INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Gas $ 37,895 ---------- Total Operating Revenue 37,895 ---------- Cost of Sales: Purchased gas 26,528 ---------- Operating Margin 11,367 ---------- Operating Expenses and Taxes (Except Income): Operation expenses 3,081 Administrative and general expenses 2,151 Depreciation and amortization 1,556 Taxes (except income) 939 ---------- Total Operating Expenses and Taxes (Except Income) 7,727 ---------- Other Income (Deductions) (4) ---------- Interest and other charges 15 ---------- Income tax expense 1,524 ---------- NET INCOME (LOSS) $ 2,097 ==========
A.69 KOKOMO GAS AND FUEL COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ (873) Net Income 2,097 Dividends declared common (2,400) ---------- BALANCE AT END OF YEAR $ (1,176) ==========
A.70 KGF TRADING COMPANY BALANCE SHEET December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.70 KGF TRADING COMPANY INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) (No Activity) $ 0 ==========
A.70 KGF TRADING COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.71 NORTHERN INDIANA FUEL AND LIGHT COMPANY, INC. BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Utility Plant: Utility Plant $ 66,771 Less-Accumulated provision for depreciation and amortization (20,229) ---------- Total Utility Plant 46,542 ---------- Other Property and Investments: Investments at equity 2,084 Investments at cost 3 ---------- Total Other Property and Investments 2,087 ---------- Current Assets: Cash and cash equivalents 174 Accounts receivable, less reserve 4,507 Gas adjustment clause 1,413 Material and supplies at average cost 443 Natural gas in storage, weighted average 3,190 Prepayments and other 6,712 ---------- Total Current Assets 16,439 ---------- Other Assets: Regulatory assets 271 Deferred charges and other 9 ---------- Total Other Assets 280 ---------- TOTAL ASSETS $ 65,348 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 30,674 Additional paid-in-capital 7,295 Retained earnings 12,486 ---------- Total Capitalization 50,455 ---------- Current Liabilities: Total accounts payable 4,374 Customer deposits 153 Taxes accrued 535 Interest accrued 28 Other accruals 1,479 ---------- Total Current Liabilities 6,569 ---------- Noncurrent Liabilities: Deferred income taxes 3,318 Deferred income tax credits amortized 430 Deferred credits 2,455 Regulatory income tax liability 2,121 ---------- Noncurrent Liabilities 8,324 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 65,348 ==========
A.71 NORTHERN INDIANA FUEL AND LIGHT COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Gas $ 31,052 ---------- Total Operating Revenue 31,052 ---------- Cost of Sales: Purchased gas 19,861 ---------- Total Cost of Sales 19,861 ---------- Operating Margin 11,191 ---------- Operating Expenses and Taxes (Except Income): Operation expenses 3,549 Administrative and general expenses 2,844 Depreciation and amortization 1,287 Taxes (except income) 740 ---------- Total Operating Expenses and Taxes (Except Income) 8,420 ---------- Other Income (Deductions) 319 ---------- Interest and other charges 60 ---------- Income tax expense 1,304 ---------- Income before subsidiaries 1,726 ---------- Subsidiary Gain (Loss) 426 ---------- NET INCOME (LOSS) $ 2,152 ==========
A.71 NORTHERN INDIANA FUEL AND LIGHT COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 10,334 Net Income 2,152 ---------- BALANCE AT END OF YEAR $ 12,486 ==========
A.72 NORTHERN INDIANA TRADING COMPANY BALANCE SHEET December 31, 1998 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 104 Other accounts receivable 1,614 Accounts receivable - associated companies 1,011 ---------- Total Current Assets 2,729 ---------- Other Property and Investments: Other property at cost less depreciation 825 ---------- Total Other Property and Investments 825 ---------- Other Assets: Deferred charges and other (3) ---------- Total Other Property and Investments 825 ---------- TOTAL ASSETS $ 3,551 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 2,083 ---------- Total Capitalization 2,084 ---------- Current Liabilities: Total accounts payable 1,057 Taxes accrued 327 Refunds due customers within one year 13 Other accruals 2 Taxes withheld payables 2 ---------- Total Current Liabilities 1,401 ---------- Noncurrent Liabilities: Deferred income taxes 66 ---------- Noncurrent Liabilities 66 ---------- TOTAL CAPITALIZATION AND LIABILITIES $ 3,551 ==========
A.72 NORTHERN INDIANA TRADING COMPANY INCOME STATEMENT For the Year Ended December 31, 1998 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 11,781 ---------- Total Operating Revenue 11,781 ---------- Cost of Sales: Cost of Sales 10,587 ---------- Total Cost of Sales 10,587 ---------- Operating Margin 1,194 ---------- Operating Expenses and Taxes (Except Income): Operating expenses 295 Depreciation and amortization 198 Taxes (except income) 14 ---------- Total Operating Expenses and Taxes (Except Income) 507 ---------- Other Income (Deductions) 0 ---------- Income tax expense 260 ---------- NET INCOME (LOSS) $ 427 ==========
A.72 NORTHERN INDIANA TRADING COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1998 (Dollars in Thousands) Balance at Beginning of Year $ 1,656 Net Income 427 ---------- BALANCE AT END OF YEAR $ 2,083 ==========
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 26th day of February, 1999. 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-----