-----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, O3um5Y6kiXaO0KGOKIdoQy8iylsoG86L6IgS83ZoFNpjLBf19CgjhUip1Z3fxU7A OcPn8NsjOpcmovGBkdBCNQ== 0000827052-98-000019.txt : 19980302 0000827052-98-000019.hdr.sgml : 19980302 ACCESSION NUMBER: 0000827052-98-000019 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980227 SROS: AMEX SROS: NYSE SROS: PCX FILER: COMPANY DATA: COMPANY CONFORMED NAME: EDISON INTERNATIONAL CENTRAL INDEX KEY: 0000827052 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 954137452 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: SEC FILE NUMBER: 069-00344 FILM NUMBER: 98551788 BUSINESS ADDRESS: STREET 1: 2244 WALNUT GROVE AVE, STE 374 STREET 2: P O BOX 999 CITY: ROSEMEAD STATE: CA ZIP: 91770 BUSINESS PHONE: 8183022222 FORMER COMPANY: FORMER CONFORMED NAME: SCECORP DATE OF NAME CHANGE: 19920703 U-3A-2 1 FORM U-3A-2 FOR EDISON INTERNATIONAL UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM U-3A-2 File No. 69-344 Statement by Holding Company Claiming Exemption Under Rule U-3A-2 from the Provisions of the Public Utility Holding Company Act of 1935 To Be Filed Annually Prior to March 1 EDISON INTERNATIONAL (Name of Company) hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information: 1. NAME, STATE OF ORGANIZATION, LOCATION AND NATURE OF BUSINESS OF CLAIMANT AND EVERY SUBSIDIARY THEREOF, OTHER THAN ANY EXEMPT WHOLESALE GENERATOR (EWG) OR FOREIGN UTILITY COMPANY IN WHICH CLAIMANT DIRECTLY OR INDIRECTLY HOLDS AN INTEREST. 00 EDISON INTERNATIONAL (formerly SCEcorp) is a corporation organized under the laws of the State of California and having its principal place of business at 2244 Walnut Grove Avenue (P.O. Box 999), Rosemead, California 91770. It was organized principally to acquire and hold securities of other corporations for investment purposes. Edison International has the following subsidiaries: 01 SOUTHERN CALIFORNIA EDISON COMPANY ("SCE") is a California corporation having its principal place of business at 2244 Walnut Grove Avenue (P.O. Box 800), Rosemead, California 91770. SCE is a public utility primarily engaged in the business of supplying electric energy to portions of central and southern California, excluding the City of Los Angeles and certain other cities. Its subsidiaries have the same principal place of business as Southern California Edison Company: 02 CALIFORNIA ELECTRIC POWER COMPANY is an inactive California corporation that remains from a 1964 merger with SCE. 02 CONSERVATION FINANCING CORPORATION is a California corporation engaged in the remediation and mitigation of environmental liabilities. 02 ENERGY SERVICES, INC. is a California corporation engaged in the business of assisting SCE in optimizing the use of its resources for the benefit of its ratepayers by marketing SCE's capabilities, facilities, products, information, and copyrighted materials to third parties. Energy Services, Inc. does not engage in any activities that would constitute owning or operating facilities used for the generation, transmission, or distribution of electric energy for sale. 02 MONO POWER COMPANY is an inactive California corporation that has been engaged in the business of exploring for and developing fuel resources. 03 THE BEAR CREEK URANIUM COMPANY is an inactive California partnership between Mono Power Company (50%) and Union Pacific Resources (50%) that has been engaged in reclamation of an integrated uranium mining and milling complex in Wyoming. 02 SCE CAPITAL COMPANY is an inactive Delaware corporation that acted as a financing vehicle for SCE. 02 SCE FUNDING LLC is a Delaware limited liability company that acts as a financing vehicle for rate reduction bonds. 02 SOUTHERN STATES REALTY is a California corporation engaged in providing real estate and consulting services to SCE and third parties. 01 EDISON INSURANCE SERVICES, INC., is a captive insurance company, incorporated and having its principal executive office in Hawaii, formed for the purpose of issuing domestic and foreign property damage and business interruption insurance to Edison International and its subsidiaries. PAGE 2 01 EDISON VENTURES (formerly Edison Enterprises) is a California corporation having its principal place of business at 2244 Walnut Grove Avenue, Rosemead, California 91770, which was organized to own the stock and coordinate the activities of nonutility companies. The subsidiaries of Edison Ventures are as follows: 02 EDISON TRANSENERGY is a California corporation engaged in pipeline development activities to transport crude oil. 01 EDISON ENERGY (inactive) 01 THE MISSION GROUP is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 1700, Irvine, California 92612-1046, which was organized to own the stock and coordinate the activities of nonutility companies. The subsidiaries of The Mission Group are as follows: 02 EDISON TECHNOLOGY SOLUTIONS (formerly Edison Technologies, Inc.) is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 1700, Irvine, California 92612-1046, which was organized to engage in research and development. 02 EDISON ENTERPRISES is a California corporation having its principal place of business at 13191 Crossroads Parkway North, City of Industry, California 91745, which was organized to own the stock and coordinate the activities of various retail companies. The subsidiaries of Edison Enterprises are as follows: 03 EDISON EV is a California corporation having its principal place of business at 515 South Figueroa Street, Suite 950, Los Angeles, California 90071. It is engaged in the business of providing services related to electric vehicles, including the distribution and installation of electric vehicle charging equipment. 03 EDISON SOURCE is a California corporation having its principal place of business at 13191 Crossroads Parkway North, City of Industry, California 91746. It is engaged in the business of integrated energy services and wholesale power marketing. 03 EDISON SELECT (formerly Edison Spectrum) is a California corporation having its principal place of business 13191 Crossroads Parkway North, City of Industry, California 91746. It is engaged in the business of providing consumer products and services. 04 EDISON HOME PROTECTION COMPANY (inactive) 04 SELECT HOME WARRANTY COMPANY is a California corporation having its principal place of business at 13191 Crossroads Parkway North, City of Industry, California 91746. It is engaged in the business of providing consumer products and services governed by the California Department of Insurance. 03 EDISON UTILITY SERVICES is a California corporation having its principal place of business at 13191 Crossroads Parkway North, City of Industry, California 91746. It is engaged in the business of providing services including billing and transmission and distribution outsourcing. PAGE 3 02 EDISON CAPITAL (formerly Mission First Financial) is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 800, Irvine, California 92612-1046. It is engaged in the business of leveraged-leasing transactions and other project financings, either directly or through subsidiaries. Edison Capital owns a group of subsidiaries and has interests in various partnerships through its subsidiaries. The subsidiaries and partnerships of Edison Capital are listed below. Unless otherwise indicated, all entities are corporations, are organized under the laws of the State of California, and have the same principal place of business as Edison Capital. (P)=partnership; (C)=commitment. 03 BURLINGTON APARTMENTS, INC. 04 Burlington Arboretum L.P. (P) 1% 03 EDISON CAPITAL EUROPE LIMITED (UK corporation) 03 EDISON FUNDING COMPANY (formerly Mission Funding Company) 04 EDISON CAPITAL HOUSING INVESTMENTS (formerly Edison Housing Investments and Mission Housing Investments) 05 16th & Church Street Associates L.P. (P) 99% 05 1732 Champa L.P. (Buerger Brothers Lofts) (P) 99% 05 18303 Kittridge Associates - 39 L.P. (P) 99% 05 1856 Wells Court Partners, L.P. (Wells Court) (P) 99% 05 210 Washington Avenue Associates (Renaissance Plaza) (Connecticut partnership) 99% 05 2814 Fifth Street Associates L.P. (Land Park Woods) (P) 99% 05 AE Associates L.P. (Avenida Espana) (P) 99% 05 Agape Housing L.P. (P) 99% 05 Anglo Edison Pinecrest L.L.C. (P) 99% 05 Anglo Edison Ravenwood L.L.C. (P) 99% 05 Argyle Redevelopment Partnership, Ltd. (Colorado partnership) 99% 05 Avalon Courtyard L.P. (Carson Senior Housing) (P) 3% 05 B.A.I. Anglo Edison Pinecrest, LLC (Pinecrest) (P) 99% 05 B.A.I. Anglo Edison Ravenwood, LLC (Ravenwood) (P) 99% 05 Bartlett Hill Associates L.P. (P) 70%; 100% w/ MBHCo. 05 Beacon Manor Associates L.P. (P) 99% 05 Bermuda Gardens Apartments L.P. (C) 99% 05 Borregas Court L.P. (P) 99% 05 Brantwood II Associates L.P. (P) 98.99% 05 Brooks School Associates L.P. (P) 99% 05 Bryn Mawr - Belle Shore L.P. (P) 99% 05 Burlington Arboretum L.P. (P) 94.66% 05 Bush Hotel L.P. (P) 99% 05 Carson Housing L.P. (P) 99% 05 CCS/Bellingham L.P. (Washington Grocery Building) (P) 99% 05 CCS/Renton Housing L.P. (C) 99% 05 Cedarshores L.P. (P) 98.99% 05 Centertown Associates L.P. (P) 99% 05 Centro Partners L.P. (El Centro) (P) 99% 05 Cochrane Village Apartments L.P. (P) 99% 05 Conejo Valley Community Housing Associates (Community House Apartments) (P) 99% 05 Coolidge Station Apartments L.L.C. (P) 99% 05 Coyote Springs Apartments Associates L.P. (P) 99% 05 Cypress Cove Associates (P) 99% 05 Delta Plaza Apartments L.P. (P) 99% 05 EAH Larkspur Creekside Associates L.P. (P) 99% 05 EAST COAST CAPITAL, INC. (Massachusetts corporation) 05 East Cotati Avenue Partners L.P. (P) 99% 05 Eastwood Homes L.P. (P) 98.99% 05 EC ASSET SERVICES, INC. (Massachusetts corporation) PAGE 4 05 EC PROPERTIES, INC. (Massachusetts corporation) 06 Corporations for Affordable Housing L.P. (P) 1% 07 Arbor Lane Associates Phase II L.P. (Timberwood) (P) 99% 07 Arroyo Vista Associates L.P. (P) 99% 07 Artloft Associates L.P. (P) 35.6% 07 Caleb Affordable Housing Associates L.P. (Ledges/Pinebrook) (P) 99% 07 The Carlin L.P. (P) 99% 07 Diamond Phase III Venture L.P. (P) 99% 07 Fairmount Hotel Urban Renewal Associates L.P. (P) 99% 07 Mackenzie Park Associates L.P. (P) 99% 07 Parkside Associates L.P. (Parkside Garden) (P) 99% 07 Pines Housing L.P. (P) 99% 07 Pines Housing II, L.P. (P) 99% 07 Smyrna Gardens Associates L.P. (P) 99% 07 Tioga Gardens L.P. (P) 99% 07 Walden Pond, L.P. (Hamlet) (P) 99% 06 Corporations for Affordable Housing L.P. II (P) 1% 07 2601 North Board Street Associates L.P. (Station House) (P) 99% 07 Artloft Associates L.P. (P) 53.43% 07 Brookline Housing Associates LLC (Bridgewater) (P) 99% 07 EDA L.P. (Eagle's Nest) (P) 99% 07 Edgewood Manor Associates II L.P. (P) 99% 07 Gateway Housing L.P. (Gateway Townhomes) (P) 99% 07 Homestead Village Associates L.P. (P) 99% 07 Junction City Apartments L.P. (Green Park) (P) 99% 07 Liberty House Associates L.P. (P) 99% 07 Maple Ridge Development Associates L.P. (P) 99% 07 Parsonage Cottage Senior Residence L.P. (P) 99% 07 Rittenhouse School L.P. (P) 99% 07 Silver City Housing L.P. (P) 99% 07 South 55th Street, L.P. (P) 99% 07 W. M. Housing Associates L.P. (Williamsport Manor) (P) 99% 07 Winnsboro Apartments L.P. (Deer Wood) (P) 99% 05 EC PROPERTIES III, INC. (Massachusetts corporation) 06 Corporations for Affordable Housing L.P. III (P) 1% 07 Piedmont Housing Associates (P) 99% 07 Pines Housing III (P) 99% 07 Salem-Lafayette Urban Renewal Associates, L.P. (P) 99% 07 Spring Valley Commons (P) 99% 07 Stevenson Housing Associates (Park Vista) (P) 99% 05 EC-SLP, INC. (Massachusetts corporation) 05 ECHI WYVERNWOOD, INC. [dead project] 05 ECH/HFC GP Partnership No. 1 (P) 34.9% 06 Edison Capital Housing Partners VII L.P. (P) 19.4% 07 C-Court L.P. (Cawelti Court) (P) 99% 07 Cottonwood Affordable Housing L.P. (P) 99% 07 Fifth & Wilshire (P) 99% 07 Flagstaff Affordable Housing II, L.P. (Forest View Apts.) (P) 99% 07 Huff Avenue Associates L.P. (P) 99% 07 Mountain View Townhomes Associates L.P. (P) 99% 07 Oak Forest Associates L.P. (P) 99% 07 Paradise Road Partners L.P. (Gateway Village) (P) 99% 07 Woodland Arms Apartments, Ltd. (P) 99% 05 ECH/HFC GP Partnership No. 2 (P) 56.7% 06 Edison Capital Housing Partners VIII L.P. (P) 18.54% 07 Catalonia Associates L.P. (P) 99% 07 Ohlone Housing Associates L.P. (P) 99% 05 EDISON CAPITAL AFFORDABLE HOUSING 97 V 05 EDISON CAPITAL AFFORDABLE HOUSING 97 VI 05 EDISON CAPITAL AFFORDABLE HOUSING 97 VII 05 EDISON CAPITAL AFFORDABLE HOUSING 97 VIII PAGE 5 05 Edison Capital Contributions VI Partners (P) 91.77% 06 ECH Investors Partner VI-A L.P. (P) 15.39% 07 Edison Capital Housing Partners VI L.P. (P) 61.82% 08 Admiralty Heights Associates II 1995 L.P. (Kent Manor) (P) 99% 08 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) (P) 99% 08 Altamont Hotel Associates L.P. (P) 99% 08 Bradley Manor Senior Apartments L.P. (P) 99% 08 Double X Associates 1995 L.P. (Terrace Manor) (P) 99% 08 Hamilton Place Apartments L.P. (Larkin Place) (P) 99% 08 Hamilton Place Senior Living L.P. (P) 99% 08 Hearthstone Group 3 L.P. (Evergreen Court) (P) 99% 08 KDF Malabar L.P. (P) 99% 08 LINC-Bristol Associates I, L.P. (City Gardens) (P) 99% 08 MAS-WT, L.P. (Washington Terrace) (P) 99% 08 Northwood Manor Associates L.P. (P) 99% 08 Silver Lake Properties L.P. (P) 99% 08 University Park Properties L.P. (P)99% 08 Upland Senior Housing L.P. (Coy D. Estes) (P) 99% 08 Vista Verde Townhomes II LLC (P) 99% 08 Vista Properties LLC (Vista View) (P) 99% 06 ECH Investors Partner VI-B L.P. (P) 15.39% 07 Edison Capital Housing Partners VI L.P. (P) 37.18% 08 Admiralty Heights Associates II 1995 L.P. (Kent Manor) (P) 99% 08 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) (P) 99% 08 Altamont Hotel Associates L.P. (P) 99% 08 Bradley Manor Senior Apartments L.P. (P) 99% 08 Double X Associates 1995 L.P. (Terrace Manor) (P) 99% 08 Hamilton Place Apartments L.P. (Larkin Place) (P) 99% 08 Hamilton Place Senior Living L.P. (P) 99% 08 Hearthstone Group 3 L.P. (Evergreen Court) (P) 99% 08 KDF Malabar L.P. (P) 99% 08 LINC-Bristol Associates I, L.P. (City Gardens) (P) 99% 08 MAS-WT, L.P. (Washington Terrace) (P) 99% 08 Northwood Manor Associates L.P. (P) 99% 08 Silver Lake Properties L.P. (P) 99% 08 University Park Properties L.P. (P)99% 08 Upland Senior Housing L.P. (Coy D. Estes) (P) 99% 08 Vista Verde Townhomes II LLC (P) 99% 08 Vista Properties LLC (Vista View) (P) 99% 05 Edison Capital Housing Partners V L.P. (P) 16.38% 06 AMCAL Santa Barbara Fund XXXVI L.P. (Positano) (P) 99% 06 Bodega Hills Investors L.P. (P) 99% 06 Mercy Housing California IV L.P. (Vista Grande) (P) 99% 06 Park Place Terrace L.P. (P) 99% 06 River Walk Apartments Homes L.P. (P) 99% 06 San Diego Golden Villa Partners L.P. (P) 99% 06 Santa Alicia Gardens Townhomes L.P. (The Gardens) (P) 99% 06 St. Hedwigs Gardens (P) 99% 06 Sunshine Terrace L.P. (P) 99% 06 Union Meadows Apartments (P) 99% 05 EDISON CAPITAL HOUSING FLORIDA 05 EDISON CAPITAL HOUSING MANAGEMENT 06 JOHN STEWART COMPANY Address: 2310 Mason Street, San Francisco, CA 94133 07 2814 Fifth Street Associates L.P. (P) 0.5%GP 07 381 Turk Street L.P. (P) 1%GP 07 Community Investment L.P. (Oak Village Apartments) (P) 1%GP 07 Crescent Manor Associates L.P. (P) 2.85%GP 07 Del Norte Place L.P. (P) 18%GP 07 The IBEX Group (P) 10%GP PAGE 6 07 Jackie Robinson Apartments L.P. (P) 1.67%GP 07 Larkspur Isle L.P. (P) 0.5%GP 07 Las Casitas L.P. (P) 0.5%GP 07 Mason Street Enterprises L.P. (P) 1%GP 07 Mountain View Apartments L.P. (P) 0.26%GP 07 Piper Court G.P. (P) 50%GP 07 Shiloh Arms L.P. (P) 1%GP/9.8%LP 07 St. John's L.P. (P) 1%GP/19.6%LP 07 Village East Apartments L.P. (P) 3%GP 07 Woodhaven Senior Residences L.P. (P) 1%GP 05 EDISON CAPITAL HOUSING NEW JERSEY 06 El Barrio Academy Urban Renewal Associates, L.P. (P) 98.99% 06 Pellettieri Homes Urban Renewal Associates, L.P. (P) 98.99% 05 EDISON CAPITAL HOUSING NEW YORK 06 Pier A Historic Rehabilitation at Battery Park (P) 99% 05 EDISON CAPITAL HOUSING PENNSYLVANIA 06 Lackawana Housing Associates LLC (Goodwill Neighborhood Residences) (P) 99% 06 McFarland Press Associates (P) 98.9% 06 Villa Maria Housing L.P. (P) 98.9% 05 EDISON HOUSING GEORGIA 06 HMB-Atlanta I L.P. (Spring Branch) (P) 99% 05 EDISON HOUSING NORTH CAROLINA 06 Edison Capital Contributions VI Partners (P) 4.03% 07 ECH Investors Partner VI-A L.P. (P) 15.39% 08 Edison Capital Housing Partners VI L.P. (P) 61.82% 09 Admiralty Heights Associates II 1995 L.P. (Kent Manor) (P) 99% 09 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) (P) 99% 09 Altamont Hotel Associates L.P. (P) 99% 09 Bradley Manor Senior Apartments L.P. (P) 99% 09 Double X Associates 1995 L.P. (Terrace Manor) (P) 99% 09 Hamilton Place Apartments L.P. (Larkin Place) (P) 99% 09 Hamilton Place Senior Living L.P. (P) 99% 09 Hearthstone Group 3 L.P. (Evergreen Court) (P) 99% 09 KDF Malabar L.P. (P) 99% 09 LINC-Bristol Associates I, L.P. (City Gardens) (P) 99% 09 MAS-WT, L.P. (Washington Terrace) (P) 99% 09 Northwood Manor Associates L.P. (P) 99% 09 Silver Lake Properties L.P. (P) 99% 09 University Park Properties L.P. (P)99% 09 Upland Senior Housing L.P. (Coy D. Estes) (P) 99% 09 Vista Verde Townhomes II LLC (P) 99% 09 Vista Properties LLC (Vista View) (P) 99% 07 ECH Investors Partner VI-B L.P. (P) 15.39% 08 Edison Capital Housing Partners VI L.P. (P) 37.18% 09 Admiralty Heights Associates II 1995 L.P. (Kent Manor) (P) 99% 09 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) (P) 99% 09 Altamont Hotel Associates L.P. (P) 99% 09 Bradley Manor Senior Apartments L.P. (P) 99% 09 Double X Associates 1995 L.P. (Terrace Manor) (P) 99% 09 Hamilton Place Apartments L.P. (Larkin Place) (P) 99% 09 Hamilton Place Senior Living L.P. (P) 99% 09 Hearthstone Group 3 L.P. (Evergreen Court) (P) 99% 09 KDF Malabar L.P. (P) 99% 09 LINC-Bristol Associates I, L.P. (City Gardens) (P) 99% 09 MAS-WT, L.P. (Washington Terrace) (P) 99% 09 Northwood Manor Associates L.P. (P) 99% 09 Silver Lake Properties L.P. (P) 99% 09 University Park Properties L.P. (P)99% 09 Upland Senior Housing L.P. (Coy D. Estes) (P) 99% PAGE 7 09 Vista Verde Townhomes II LLC (P) 99% 09 Vista Properties LLC (Vista View) (P) 99% 05 EDISON HOUSING OREGON, INC. 05 EDISON HOUSING SOUTH CAROLINA 06 Edison Capital Contributions VI Partners (P) 4.20% 07 ECH Investors Partner VI-A L.P. (P) 15.39% 08 Edison Capital Housing Partners VI L.P. (P) 61.82% 09 Admiralty Heights Associates II 1995 L.P. (Kent Manor) (P) 99% 09 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) (P) 99% 09 Altamont Hotel Associates L.P. (P) 99% 09 Bradley Manor Senior Apartments L.P. (P) 99% 09 Double X Associates 1995 L.P. (Terrace Manor) (P) 99% 09 Hamilton Place Apartments L.P. (Larkin Place) (P) 99% 09 Hamilton Place Senior Living L.P. (P) 99% 09 Hearthstone Group 3 L.P. (Evergreen Court) (P) 99% 09 KDF Malabar L.P. (P) 99% 09 LINC-Bristol Associates I, L.P. (City Gardens) (P) 99% 09 MAS-WT, L.P. (Washington Terrace) (P) 99% 09 Northwood Manor Associates L.P. (P) 99% 09 Silver Lake Properties L.P. (P) 99% 09 University Park Properties L.P. (P)99% 09 Upland Senior Housing L.P. (Coy D. Estes) (P) 99% 09 Vista Verde Townhomes II LLC (P) 99% 09 Vista Properties LLC (Vista View) (P) 99% 07 ECH Investors Partner VI-B L.P. (P) 15.39% 08 Edison Capital Housing Partners VI L.P. (P) 37.18% 09 Admiralty Heights Associates II 1995 L.P. (Kent Manor) (P) 99% 09 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) (P) 99% 09 Altamont Hotel Associates L.P. (P) 99% 09 Bradley Manor Senior Apartments L.P. (P) 99% 09 Double X Associates 1995 L.P. (Terrace Manor) (P) 99% 09 Hamilton Place Apartments L.P. (Larkin Place) (P) 99% 09 Hamilton Place Senior Living L.P. (P) 99% 09 Hearthstone Group 3 L.P. (Evergreen Court) (P) 99% 09 KDF Malabar L.P. (P) 99% 09 LINC-Bristol Associates I, L.P. (City Gardens) (P) 99% 09 MAS-WT, L.P. (Washington Terrace) (P) 99% 09 Northwood Manor Associates L.P. (P) 99% 09 Silver Lake Properties L.P. (P) 99% 09 University Park Properties L.P. (P)99% 09 Upland Senior Housing L.P. (Coy D. Estes) (P) 99% 09 Vista Verde Townhomes II LLC (P) 99% 09 Vista Properties LLC (Vista View) (P) 99% 05 Edmundson Associates L.P. (Willows) (P) 99% 05 EHI DEVELOPMENT COMPANY (formerly MHI Development Company) 05 EHI DEVELOPMENT FUND (formerly MHI Development Fund) 05 Elizabeth West & East L.P. (P) 99% 05 Elk View Homes (C) 99% 05 Farm (The) Associates L.P. (P) 99% 05 Florence Apartments LLC (P) 99% 05 Garnet Housing Associates (P) 99% 05 Gilroy Redwood Associates L.P. (Redwoods) (P) 99% 05 Ginzton Associates L.P. (P) 99% 05 Grace Housing L.P. (P) 99% 05 Grandy Lake 1996 L.P. (Grandy Lake Residences) (P) 99% 05 Grossman Apartments Investors L.P. (P) 99% 05 Harry Clark Jr. Residential Center LLC (P) 99% 05 Heartland-Wisconsin Rapids Timber Trails LLC (Timber Trails) (P) 99% 05 Heather Glen Associates L.P. (P) 99% PAGE 8 05 Holy Family Associates L.P. (P) 99% 05 Kennedy Lofts Associates L.P. (Massachusetts partnership) 97% 05 Lark Ellen L.P. (P) 99% 05 Las Brisas Apartments L.P. (P) 99% 05 Maplewood School Apartments L.P. (P) 99% 05 Mar Associates L.P. (P) 99% 05 Marlton Residences Associates L.P. (P) 99% 05 Mercy Housing California IX L.P. (Sycamore) (P) 99% 05 Merrill Road Associates L.P. (P) 99% 05 MH I L.P. (P) 1% 06 California Park Apartments L.P. (P) 1% of 99% 05 MH II L.P. (P) 1% 06 5363 Dent Avenue Associates L.P. (P) 1% of 99% 05 MH III L.P. (P) 1% 06 DeRose Housing Associates L.P. (P) 1% of 99% 05 MH IV L.P. (P) 1% 06 MPT Apartments L.P. (MacArthur Park) (P) 1% of 99% 05 MH V L.P. (P) 1% 06 Centennial Place L.P. (P) 1% of 99% 05 MHIFED 94 COMPANY 05 MHIFED 94 L.P. (Delaware partnership) 1%GP; 99%LP to NYNEX 06 Berry Avenue Associates L.P. (P) 1% of 99% 06 Carlton Way Apartments L.P. (P) 1% of 99% 06 CDR Senior Housing Associates (Casa del Rio) (P) 1% of 99% 06 Corona Ely/Ranch Associates L.P. (P) 1% of 99% 06 Fairview Village Associates L.P. (P) 1% of 99% 06 Fell Street Housing Associates L.P. (P) 1% of 99% 06 Hope West Apartments L.P. (P) 1% of 99% 06 Morrone Gardens Associates L.P. (P) 1% of 99% 06 Pajaro Court Associates L.P. (P) 1% of 99% 06 Tierra Linda Associates L.P. (P) 1% of 99% 06 Tlaquepaque Housing Associates L.P. (P) 1% of 99% 05 MHIFED 95 COMPANY 05 MHIFED 95 L.P. (Delaware partnership) 1%GP; 99%LP to NYNEX 06 Avalon Courtyard L.P. (Carson Senior Housing) (P) 1% of 99% 06 Hollywood El Centro L.P. (P) 1% of 99% 06 La Brea/Franklin L.P. (P) 1% of 99% 06 Larkin Pine L.P. (P) 1% of 99% 06 Mercy Housing California III L.P. (3rd & Reed) (P) 1% of 99% 06 Pinole Grove Associates L.P. (P) 1% of 99% 06 Second Street Center L.P. (Santa Monica) (P) 1% of 99% 06 Solinas Village Partners L.P. (P) 1% of 99% 06 Three Oaks Housing L.P. (P) 1% of 99% 06 1101 Howard Street Associates L.P. (P) 1% of 99% 05 MHIFED 95C COMPANY 05 MHIFED 96 COMPANY 05 MHIFED 96 L.P. (Delaware partnership) 5%GP; 95%LP to Cargill 06 Lavell Village Associates L.P. (P) 5% of 99% 06 North Town Housing Partners L.P. (Villa del Norte Village) (P) 5% of 99% 06 Poco Way Associates L.P. (P) 5% of 99% 06 Seasons Affordable Senior Housing L.P. (P) 5% of 99% 05 MHIFED 96A COMPANY 05 MHIFED 96A L.P. (Delaware partnership) 1%GP; 99%LP to NYNEX 06 Good Samaritan Associates L.P. (P) 1% of 99% 06 Reseda Village L.P. (P) 1% of 99% 06 Oxnard Housing Associates L.P. (P) 1% of 99% 06 Metro Senior Associates L.P. (P) 1% of 99% 06 Round Walk Village Apartments L.P. (P) 1% of 99% 06 Santa Alicia Family Housing Associates (P) 1% of 99% 06 Vine Street Court L.P. (P) 1% of 99% 06 Vine Street Court L.P. II (P) 1% of 99% 05 MHIFED 97 COMPANY PAGE 9 05 MHICAL 94 COMPANY 06 MHICAL 94 L.P. (Delaware partnership) 99%LP 07 Mayacamas Village Associates L.P. (P) 99% of 99% 07 Rincon De Los Esteros Associates L.P. (P) 99% of 99% 07 West Capital Courtyard L.P. (P) 99% of 99% 07 Winfield Hill Associates L.P. (P) 99% of 99% 05 MHICAL 94 L.P. (Delaware partnership) 1%GP 06 Mayacamas Village Associates L.P. (P) 1% of 99% 06 Rincon De Los Esteros Associates L.P. (P) 1% of 99% 06 West Capital Courtyard L.P. (P) 1% of 99% 06 Winfield Hill Associates L.P. (P) 1% of 99% 05 MHICAL 95 COMPANY 06 MHICAL 95 L.P. (Delaware partnership) 99%LP 07 Abby Associates L.P. (Windmere) (P) 99% of 99% 07 Antelope Associates L.P. (P) 99% of 99% 07 Baker Park Associates L.P. (P) 99% of 99% 07 Bracher Associates L.P. (P) 99% of 99% 07 Colina Vista L.P. (P) 99% of 99% 07 ECH/HFC GP Partnership No. 2 (P) 43.3% 08 Edison Capital Housing Partners VIII L.P. (P) 18.54% 09 Catalonia Associates L.P. (P) 99% 09 Ohlone Housing Associates L.P. (P) 99% 07 Florin Woods Associates L.P. (P) 99% of 99% 07 Mercy Housing California VI L.P. (205 Jones) (P) 99% of 99% 07 Pinmore Associates L.P. (P) 99% of 99% 07 Sunset Creek Partners L.P. (P) 99% of 99% 05 MHICAL 95 L.P. (Delaware partnership) 1%GP 06 Abby Associates L.P. (Windmere) (P) 1% of 99% 06 Antelope Associates L.P. (P) 1% of 99% 06 Baker Park Associates L.P. (P) 1% of 99% 06 Bracher Associates L.P. (P) 1% of 99% 06 Colina Vista L.P. (P) 1% of 99% 06 Florin Woods Associates L.P. (P) 1% of 99% 06 Mercy Housing California VI L.P. (205 Jones) (P) 1% of 99% 06 Pinmore Associates L.P. (P) 1% of 99% 06 Sunset Creek Partners L.P. (P) 1% of 99% 05 MHICAL 96 COMPANY 06 MHICAL 96 L.P. (Delaware partnership) 99%LP 07 ECH/HFC GP Partnership No. 1 (P) 50.4% 08 Edison Capital Housing Partners VII L.P. (P) 19.4% 09 C-Court L.P. (Cawelti Court) (P) 99% 09 Cottonwood Affordable Housing L.P. (P) 99% 09 Fifth & Wilshire (P) 99% 09 Flagstaff Affordable Housing II, L.P. (Forest View Apts.) (P) 99% 09 Huff Avenue Associates L.P. (P) 99% 09 Mountain View Townhomes Associates L.P. (P) 99% 09 Oak Forest Associates L.P. (P) 99% 09 Paradise Road Partners L.P. (Gateway Village) (P) 99% 09 Woodland Arms Apartments, Ltd. (P) 99% 07 Greenway Village Associates L.P. (P) 99% of 99% 07 Kennedy Court Partners L.P. (P) 99% of 99% 07 Klamath Associates L.P. (P) 99% of 99% 07 Monterra Village Associates L.P. (P) 99% of 99% 07 Sky Parkway Housing Associates L.P. (P) 99% of 99% 07 Strobridge Housing Associates L.P. (P) 99% of 99% 07 Westgate Townhomes Associates L.P. (P) 99% of 99% 07 1010 SVN Associates L.P. (P) 99% of 99% 05 MHICAL 96 L.P. (Delaware partnership) 1%GP 06 Greenway Village Associates L.P. (P) 1% of 99% 06 Kennedy Court Partners L.P. (P) 1% of 99% 06 Klamath Associates L.P. (P) 1% of 99% 06 Monterra Village Associates L.P. (P) 1% of 99% 06 Sky Parkway Housing Associates L.P. (P) 1% of 99% PAGE 10 06 Strobridge Housing Associates L.P. (P) 1% of 99% 06 Westgate Townhomes Associates L.P. (P) 1% of 99% 06 1010 SVN Associates L.P. (P) 1% of 99% 05 MHICAL 97 COMPANY 06 MHICAL 97 L.P. 99%LP 07 Alma Place Associates L.P. (P) 99% of 99% 07 ECH/HFC GP Partnership No. 1 (P) 14.7% 08 Edison Capital Housing Partners VII L.P. (P) 19.4% 09 C-Court L.P. (Cawelti Court) (P) 99% 09 Cottonwood Affordable Housing L.P. (P) 99% 09 Fifth & Wilshire (P) 99% 09 Flagstaff Affordable Housing II, L.P. (Forest View Apts.) (P) 99% 09 Huff Avenue Associates L.P. (P) 99% 09 Mountain View Townhomes Associates L.P. (P) 99% 09 Oak Forest Associates L.P. (P) 99% 09 Paradise Road Partners L.P. (Gateway Village) (P) 99% 09 Woodland Arms Apartments, Ltd. (P) 99% 05 MHICAL 97 L.P. 1%GP 06 Alma Place Associates L.P. (P) 1% of 99% 05 Mid-Peninsula Century Village Associates L.P. (Century Village) (P) 99% 05 Mid-Peninsula Sharmon Palms Associates L.P. (Sharmon Palms) (P) 99% 05 Mission Capp L.P. (P) 99% 05 MISSION HOUSING ALPHA 06 Lee Park Investors L.P. (Pennsylvania partnership) 99% 05 MISSION HOUSING BETA 06 Richmond City Center Associates L.P. (P) 99% 05 MISSION HOUSING DELTA 06 MH I L.P. (P) 99% 07 California Park Apartments L.P. (P) 99% of 99% 06 MH II L.P. (P) 99% 07 5363 Dent Avenue Associates L.P. (P) 99% of 99% 06 MH III L.P. (P) 99% 07 DeRose Housing Associates L.P. (P) 99% of 99% 06 MH IV L.P. (P) 99% 07 MPT Apartments L.P. (MacArthur Park) (P) 99% of 99% 06 MH V L.P. (P) 99% 07 Centennial Place L.P. (P) 99% of 99% 05 MISSION HOUSING DENVER 06 Mercantile Square L.P. (P) 99% 06 North Park Village LLC (P) 99% 05 MISSION HOUSING EPSILON 06 Riverside/Liebrandt Partners L.P. (La Playa) (P) 99% 05 MISSION HOUSING GAMMA 06 Del Carlo Court Associates L.P. (P) 99% 05 MISSION HOUSING HOLDINGS (formerly MHIFED 95B Company) 06 Mission Housing Partnership 1996 L.P. 99%LP (formerly MHIFED 95B L.P.) (Delaware partnership) 07 La Terraza Associates L.P. (Carlsbad Villas at Camino Real) (P) 99% of 99% 05 Mission Housing Partnership 1996 L.P. 1%GP (formerly MHIFED 95B L.P.) (Delaware partnership) 06 La Terraza Associates L.P. (Carlsbad Villas at Camino Real) (P) 1% of 99% 05 MISSION HOUSING THETA 06 MISSION FUNDING THETA 07 Brantwood II Associates L.P. (P) 0.01% 07 Cedarshores L.P. (P) 0.01% 07 Eastwood Homes L.P. (P) 0.01% 07 El Barrio Academy Urban Renewal Associates, L.P. (P) 0.01% 07 McFarland Press Associates (P) 0.01% 07 Pellettieri Homes Urban Renewal Associates, L.P. (P) 0.01% PAGE 11 07 Persimmon Associates L.P. (P) 0.01% 07 Roebling Village Inn Urban Renewal L.P. (P) 0.01% 07 Sherman Glen, L.L.C. (P) 0.01% 07 Timber Sound, Ltd. (P) 0.01% 07 Timber Sound II, Ltd. (P) 0.01% 07 Villa Maria Housing L.P. (P) 0.01% 07 Woodleaf Village L.P. (P) 0.01% 06 Mission Housing Investors Partnership 5%GP; 95%LP to GECC 07 Forest Winds Associates L.P. (P) 5% of 99% 07 Glen Eden Associates L.P. (P) 5% of 99% 07 Gray's Meadows Investors L.P. (P) 5% of 99% 07 Prince Bozzuto L.P. (Fairground Commons) (Maryland partnership) 5% of 99% 07 Rancho Park Associates L.P. (P) 5% of 99% 07 Rustic Gardens Associates L.P. (P) 5% of 99% 07 Sea Ranch Apartments L.P. (P) 5% of 99% 07 Springdale Kresson Associates L.P. (Jewish Federation) (New Jersey partnership) 5% of 99% 07 1028 Howard Street Associates L.P. (P) 5% of 99% 05 MISSION HOUSING ZETA 06 Fremont Building L.P. (Crescent Arms) (P) 99% 05 MISSION SA COMPANY 05 Montview Park Apartments (C) 99% 05 Morgan Hill Ranch Housing L.P. (P) 99% 05 Neary Lagoon Partners L.P. (P) 99% 05 New Harbor Vista Apartments (C) 99% 05 Northstar Apartments (C) 99% 05 Oceanside Gardens L.P. (P) 99% 05 Olive Court Apartments L.P. (P) 98.9% 05 Omaha Amber Ridge L.P. (Amber Ridge) (P) 99% 05 Ontario Senior Housing L.P. (Ontario Plaza) (P) 98.9% 05 Open Doors Associates L.P. (West Valley) (P) 99% 05 Pacific Terrace Associates L.P. (C) 99% 05 Pacifica Community Associates L.P. (Villa Pacifica) (P) 99% 05 Palmer House L.P. (P) 99% 05 Pecan Court Associates L.P. (C) 99% 05 Persimmon Associates L.P. (P) 98.99% 05 Pilot Grove L.P. (Massachusetts partnership) 99% 05 Post Office Plaza L.P. (Ohio partnership) 99% 05 Red Lake Homes (C) 99% 05 Riverwalk Apartments (Colorado) (C) 99% 05 Roebling Village Inn Urban Renewal L.P. (P) 98.99% 05 Rosebloom Associates L.P. (Oakshade) (P) 99% 05 San Juan Commons 1996 L.P. (P) 99% 05 San Pablo Senior Housing Associates L.P. (P) 99% 05 San Pedro Gardens Associates L.P. (P) 99% 05 Santa Paulan Senior Apartments Associates L.P.(P) 99% 05 School Court Housing Associates L.P. (C) 99% 05 Sherman Glen, L.L.C. (P) 98.99% 05 South Beach Housing Associates L.P. (Steamboat) (P) 99% 05 South Winery Associates L.P. (The Winery Apartments) (P) 99% 05 Stoney Creek Associates L.P. (P) 99% 05 Studebaker Building L.P. (P) 99% 05 Sultana Acres Associates L.P. (P) 99% 05 Tabor Grand L.P. (Colorado partnership) 99% 05 Terra Cotta Housing Associates L.P. (C) 99% 05 The Cornerstone Building (C) 99% 05 The Josephinum Associates L.P. (Washington partnership) 99% 05 The World Schoolhouse Residences L.P. (C) 99% 05 Thomson Rental Housing, L.P. (Washington Place) (P) 99% 05 Timber Sound, Ltd. (P) 98.99% 05 Timber Sound II, Ltd. (P) 98.99% 05 Trinity Park Apartments L.P. (P) 99% 05 Tuscany Associates L.P. (Tuscany Villa) (P) 99% PAGE 12 05 Venbury Trail L.P. (P) 99% 05 Walnut Avenue Partnership L.P. (P) 99% 05 WGA INVESTORS COMPANY [dead project] 05 Washington Creek Associates L.P. (P) 99% 05 Westfield Condominium Investment L.P. (P) 99% 05 Westport Village Homes Associates L.P. (P) 99% 05 Wheeler Manor Associates L.P. (P) 99% 05 White Mountain Apache Housing (P) 99% 05 Winfield Hill Associates L.P. (P) 99% 05 Woodleaf Village L.P. (P) 98.99% 05 Yanktown Sioux Homes (P) 99% 05 YWCA Villa Nueva Partners L.P. (P) 99% 04 EDISON FUNDING OMICRON GP 05 Olive Court Housing Associates L.P. (P) 0.1% 05 Ontario Senior Housing L.P. (Ontario Plaza) (P) 0.1% 04 EDISON INTEGRATED ENERGY SERVICES (formerly Mission Integrated Energy Services) 04 MISSION FIRST ASSET INVESTMENT 04 MISSION FUNDING BETA 04 MISSION FUNDING EPSILON 05 EDISON CAPITAL (BERMUDA) INVESTMENTS, LTD. (formerly Mission (Bermuda) Investments Pi, Ltd.) (Bermuda corporation) Address: Clarendon House, 2 Church Street, Hamilton HM CX, Bermuda 06 Edison Capital LAI (Bermuda) Ltd. (Bermuda corporation) 06 Edison Capital Latin American Investments (Bermuda) Ltd. (Bermuda corporation) 50% 05 EDISON CAPITAL LATIN AMERICAN INVESTMENTS HOLDING COMPANY (Delaware corporation) 06 Edison Capital Latin American Investments (Bermuda) Ltd. (Bermuda corporation) 50% 05 GEM Energy Company (New York partnership) 50% 05 MISSION FUNDING ALPHA 06 MISSION FUNDING MU 07 EPZ Mission Funding Mu Trust (equity interest in foreign utility company) [see 4.01] 05 MISSION FUNDING DELTA 06 MISSION FUNDING NU 07 EPZ Mission Funding Nu Trust (equity interest in foreign utility company) [see 4.02] 05 MISSION INVESTMENTS, INC. (U.S. Virgin Islands corporation) Address: ABN Trustcompany, Guardian Building, Havensight, 2nd Floor, St. Thomas, U.S. Virgin Islands 05 MISSION (BERMUDA) INVESTMENTS, LTD. (Bermuda corporation) Address: Clarendon House, 2 Church Street, Hamilton HM CX, Bermuda 04 MISSION FUNDING GAMMA 04 MISSION FUNDING KAPPA 05 ABB Funding Partners, L.P. (P) 14.27% 04 MISSION FUNDING ZETA 05 Huntington L.P. (New York partnership) 50% 03 EDISON MORTGAGE COMPANY 03 MISSION BARTLETT HILL COMPANY 04 Bartlett Hill Associates L.P. (P) 30% [29%LP, 1%GP]; 100% w/ ECHI 03 MISSION INTERNATIONAL CAPITAL, INC. 03 RENEWABLE ENERGY CAPITAL COMPANY PAGE 13 02 MISSION LAND COMPANY is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 800, Irvine, California 92612-1046. It is engaged, directly and through its subsidiaries, in the business of owning, managing and selling industrial parks and other real property investments. The subsidiaries and partnerships of Mission Land Company are listed below. Unless otherwise indicated, all entities are corporations, are organized under the laws of the State of California, and have the same principal place of business as Mission Land Company. 03 ASSOCIATED SOUTHERN INVESTMENT COMPANY 04 Calabasas Park Company (P) (inactive) 79%GP 05 Central Valley/Calabasas L.P. (P) [in dissolution] 50%LP 03 CALABASAS PALATINO, INC. 04 Central Valley/Calabasas L.P. (P) [in dissolution] 50%GP 03 Carol Stream Developers G.P. (Illinois partnership) 60%GP 03 Centrelake Partners, L.P. (limited partnership) 98%GP 03 IRWINDALE LAND COMPANY 04 Mission-Koll I (limited partnership) 4%GP 03 MISSION AIRPORT PARK DEVELOPMENT CO. 04 Carol Stream Developers G.P. (Illinois partnership) 40%GP 04 Centrelake Partners, L.P. (limited partnership) 2%LP 04 Mission-Nexus II, L.P. (limited partnership) 50%GP 04 Mission Vacaville L.P. (limited partnership) (formerly Mission- Messenger Vacaville G.P.) 1%GP 03 MISSION INDUSTRIAL CONSTRUCTORS, INC. (inactive) 03 Mission-Koll I (limited partnership) 96%LP 03 Mission-Nexus II, L.P. (limited partnership) 50%LP 03 Mission-Oceangate (P) (formerly Mission Comstock Crosser Hickey) 75%GP 03 MISSION/ONTARIO, INC. 03 MISSION SOUTH BAY COMPANY (inactive) 04 Mission-Oceangate (P) (formerly Mission Comstock, Crosser Hickey G.P.) 25%GP 03 MISSION TEXAS PROPERTY HOLDINGS, INC. 03 Mission Vacaville L.P. (limited partnership) (formerly Mission- Messenger Vacaville G.P.) 99%LP 02 MISSION POWER ENGINEERING COMPANY is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 1700, Irvine, California 92612-1046. It is currently an inactive company. The subsidiaries of Mission Power Engineering Company are listed below. Unless otherwise indicated, all entities are corporations, are organized under the laws of the State of California, and have the same principal place of business as Mission Power Engineering Company. 03 ASSOCIATED SOUTHERN ENGINEERING COMPANY (inactive) PAGE 14 02 EDISON MISSION ENERGY (formerly Mission Energy Company) is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 1700, Irvine, California 92612- 1046. Edison Mission Energy owns the stock of a group of corporations which, primarily through partnerships with non- affiliated entities, are engaged in the business of developing, owning and/or operating cogeneration, geothermal and other energy or energy-related projects pursuant to the Public Utility Regulatory Policies Act of 1978. Edison Mission Energy, through wholly owned subsidiaries, also has ownership interests in a number of independent power projects in operation or under development that either have been reviewed by the Commission's staff for compliance with the Act or are or will be exempt wholesale generators under the Energy Policy Act of 1992. In addition, some Edison Mission Energy subsidiaries have made fuel- related investments and a limited number of non-energy related investments. The subsidiaries and partnerships of Edison Mission Energy are listed below. Unless otherwise indicated, all entities are corporations, are organized under the laws of the State of California and have the same principal place of business as Edison Mission Energy. DOMESTIC: 03 AGUILA ENERGY COMPANY (LP) 04 American Bituminous Power Partners, L.P. (Delaware limited partnership) 49.5%; 50% with Pleasant Valley 05 American Kiln Partners, L.P. (Delaware limited partnership) 03 ANACAPA ENERGY COMPANY (GP) 04 Salinas River Cogeneration Company (P) 50% 03 ARROWHEAD ENERGY COMPANY (inactive) 03 BALBOA ENERGY COMPANY (GP) 04 Smithtown Cogeneration, L.P. (Delaware partnership) 50%; 100% w/Kingspark 03 BERGEN POINT ENERGY COMPANY (GP) 04 TEVCO/Mission Bayonne Partnership (Delaware G.P.) 50% 03 BLUE RIDGE ENERGY COMPANY (GP) 04 Bretton Woods Cogeneration, L.P. (Delaware limited partnership) 50%; 100% w/Bretton Woods 03 BRETTON WOODS ENERGY COMPANY (GP & LP) 04 Bretton Woods Cogeneration, L.P. (Delaware L.P.) 50%; 100% w/Blue Ridge 03 CAMINO ENERGY COMPANY (GP) 04 Watson Cogeneration Company (general partnership) 49% 03 CAPISTRANO COGENERATION COMPANY (GP) 04 James River Cogeneration Company (North Carolina partnership) 50% 03 CENTERPORT ENERGY COMPANY (GP & LP) 04 Riverhead Cogeneration I, L.P. (Delaware partnership) 50%; 100% w/Ridgecrest 03 CHESAPEAKE BAY ENERGY COMPANY (formerly Woodland Energy Company) (GP) 04 Delaware Clean Energy Project (Delaware general partnership) 50% 03 CHESTER ENERGY COMPANY (no partners; option Chesapeake,VA) 03 CLAYVILLE ENERGY COMPANY 04 Oconee Energy, L.P. (Delaware L.P.) 50%; 100% w/Coronado 03 COLONIAL ENERGY COMPANY (formerly Hentland Energy Company) (inactive) 03 CORONADO ENERGY COMPANY 04 Oconee Energy, L.P. (Delaware L.P.) 50%; 100% w/Clayville 03 CRESCENT VALLEY ENERGY COMPANY (GP) 04 Beowawe Geothermal Power Company (general partnership) 50% 03 DEL MAR ENERGY COMPANY (GP) 04 Mid-Set Cogeneration Company (P) 50% 03 DELAWARE ENERGY CONSERVERS, INC. (Delaware corporation) (inactive) PAGE 15 03 DESERT SUNRISE ENERGY COMPANY (Nevada corporation) (inactive) 03 DEVEREAUX ENERGY COMPANY (LP) 04 Auburndale Power Partners, L.P. (Delaware L.P.) 49%; 50% w/El Dorado 03 EASTERN SIERRA ENERGY COMPANY (GP & LP) 04 Saguaro Power Company, L.P. (P) 50% 03 EAST MAINE ENERGY COMPANY (inactive) [dissolving] 03 EDISON MISSION ENERGY FUEL [formerly MISSION ENERGY FUEL COMPANY] 04 EDISON MISSION ENERGY OIL AND GAS [formerly MISSION ENERGY OIL AND GAS COMPANY] 05 Four Star Oil & Gas Company (P) 46.85% (owns Lost Hills Cogeneration Facility) 04 EDISON MISSION ENERGY PETROLEUM [formerly MISSION ENERGY PETROLEUM COMPANY] (Gas contracts w/ Tex. Gas Mktg) 04 POCONO FUELS COMPANY (inactive) 04 SOUTHERN SIERRA GAS COMPANY 05 TM Star Fuel Company (general partnership) 50% 03 EDISON MISSION ENERGY FUNDING CORP. (Delaware corporation) 1% 03 EDISON MISSION OPERATION & MAINTENANCE, INC. (formerly Mission Operation and Maintenance, Incorporated) (no partnership) 04 Mission Operations de Mexico, S.A. de C.V. 95% 03 EL DORADO ENERGY COMPANY (GP) 04 Auburndale Power Partners, L.P. (Delaware L.P.) 1%; 50% w/ Devereaux 03 EMP, INC. (Oregon corporation) (GP & LP) 04 GEO East Mesa Limited Partnership (P) 50% 05 GEO East Mesa Electric Co. (Nevada corp.) (McCabe Plant) 100% 03 FOUR COUNTIES GAS COMPANY (inactive) 03 HANOVER ENERGY COMPANY 04 CHICKAHOMINY RIVER ENERGY CORP. (Virginia corporation) (GP & LP) 05 Commonwealth Atlantic L.P. (Delaware partnership) [see 4.03] 50% 03 HOLTSVILLE ENERGY COMPANY (GP & LP) (formerly Brookhaven Energy Company) 04 Brookhaven Cogeneration, L.P. (Delaware partnership) 50%; 100% w/Madera 03 INDIAN BAY ENERGY COMPANY (GP & LP) 04 Riverhead Cogeneration III, L.P. (Delaware partnership) 50%; 100% w/Santa Ana 03 JEFFERSON ENERGY COMPANY (GP & LP) (inactive) 03 KINGS CANYON ENERGY COMPANY (inactive) 03 KINGSPARK ENERGY COMPANY (GP & LP) 04 Smithtown Cogeneration, L.P. (Delaware partnership) 50%; 100% w/Balboa 03 LAGUNA ENERGY COMPANY (inactive) (former interest in Ambit) 03 LA JOLLA ENERGY COMPANY (inactive) (used for Belridge) 03 LAKE GROVE ENERGY COMPANY (former Mid-County subsidiary) (inactive) 03 LAKEVIEW ENERGY COMPANY 04 Georgia Peaker, L.P. (Delaware L.P.) 50%; 100% w/Silver Springs 03 LEHIGH RIVER ENERGY COMPANY (inactive) 03 LONGVIEW COGENERATION COMPANY (formerly Columbia River Cogeneration Company, formerly Cabrillo Energy Company) (held for Weyerhauser) 03 MADERA ENERGY COMPANY (GP) 04 Brookhaven Cogeneration, L.P. (Delaware partnership) 50%; 100% w/Holtsville 03 MADISON ENERGY COMPANY (formerly Sunshine Generators, Inc.) (LP) 04 Gordonsville Energy, L.P. (Delaware partnership) [see 4.04] 49%; 50% w/Rapidan 03 Mission Capital, L.P. (Delaware L.P.) 3%; MIPS partnership 03 MISSION/EAGLE ENERGY COMPANY (inactive) 03 MISSION ENERGY CONSTRUCTION SERVICES, INC. (formerly Glenwood Springs Property, Inc.) PAGE 16 03 MISSION ENERGY HOLDINGS, INC. 04 Mission Capital, L.P. (Delaware L.P.) 97%; MIPS partnership 03 MISSION ENERGY HOLDINGS INTERNATIONAL, INC. (formerly Patapsco Energy Company) [holds all the issued and outstanding stock of MEC International B.V.--see INTERNATIONAL section] 03 MISSION ENERGY INDONESIA (formerly Chula Energy Company) 03 MISSION ENERGY MEXICO (inactive) formerly the branch office in Mexico (no partnership) 03 MISSION ENERGY NEW YORK, INC. (formerly Allegheny Energy Company) (GP & LP) 04 Brooklyn Navy Yard Cogeneration Partners, L.P. (Delaware partnership) [see 4.05] 50% 03 MISSION ENERGY WALES COMPANY (formerly San Jacinto Energy Company) 04 Mission Hydro Limited Partnership (UK limited partnership) 05 EME Generation Holdings Limited (UK limited partnership) 30% [See International section for structure of EME Generation Holdings Ltd.] 03 MISSION ENERGY WESTSIDE, INC. (formerly Sun Coast Energy Company) 03 Mission Operations de Mexico, S.A. de C.V. 5% 03 MISSION TRIPLE CYCLE SYSTEMS COMPANY (GP) 04 Triple Cycle Partnership (Texas G.P.) 50% 03 NORTH JACKSON ENERGY COMPANY (inactive) [held for Akso Salt Proj] 03 NORTHERN SIERRA ENERGY COMPANY (GP) 04 Sobel Cogeneration Company (general partnership) 50% 03 ORTEGA ENERGY COMPANY (Mid-County Cogen gas contracts) 03 PANTHER TIMBER COMPANY (GP) 04 American Kiln Partners, L.P. (Delaware limited partnership) 2% 03 PARADISE ENERGY COMPANY (inactive) 03 PLEASANT VALLEY ENERGY COMPANY (GP) 04 American Bituminous Power Partners, L.P. (Delaware limited partnership) 0.5%; 50% w/Aguila 05 American Kiln Partners, L.P. (Delaware Limited Partnership) 03 PRINCE GEORGE ENERGY COMPANY (LP) 04 Hopewell Cogeneration Limited Partnership (Delaware limited partnership) 24.75% 04 Hopewell Cogeneration Inc. (Delaware corporation) 25% 05 Hopewell Cogeneration Limited Partnership (Delaware limited partnership) 1% 03 QUARTZ PEAK ENERGY COMPANY (LP) 04 Nevada Sun-Peak L.P. (Nevada partnership) [see 4.06] 50% 03 RAPIDAN ENERGY COMPANY (GP) 04 Gordonsville Energy, L.P. (Delaware partnership) [see 4.04] 1%; 50% w/Madison 03 REEVES BAY ENERGY COMPANY (GP & LP) 04 North Shore Energy L.P. (Delaware partnership) 50%; 100% w/Santa Clara 05 Northville Energy Corporation (New York corporation) 100% 03 RIDGECREST ENERGY COMPANY (GP) 04 Riverhead Cogeneration I, L.P. (Delaware partnership) 50%; 100% w/Centerport 03 RIO ESCONDIDO ENERGY COMPANY 03 RIVERPORT ENERGY COMPANY (GP & LP) 04 Riverhead Cogeneration II, L.P. (Delaware partnership) 50%; 100% w/San Pedro 03 SAN GABRIEL ENERGY COMPANY (inactive) (McKenzie gas contracts) 03 SAN JOAQUIN ENERGY COMPANY (GP) 04 Midway-Sunset Cogeneration Company, L.P. (P) 50% 03 SAN JUAN ENERGY COMPANY (GP) 04 March Point Cogeneration Company (P) 50% 03 SAN PEDRO ENERGY COMPANY (GP) 04 Riverhead Cogeneration II, L.P. (Delaware partnership) 50%; 100% w/Riverport 03 SANTA ANA ENERGY COMPANY (GP) PAGE 17 04 Riverhead Cogeneration III, L.P. (Delaware partnership) 50%; 100% w/Indian Bay 03 SANTA CLARA ENERGY COMPANY (GP) 04 North Shore Energy, L.P. (Delaware partnership) 50%; 100% w/Reeves Bay 05 Northville Energy Corporation (New York corporation) 100% 03 SILVERADO ENERGY COMPANY (GP) 04 Coalinga Cogeneration Company (P) 50% 03 SILVER SPRINGS ENERGY COMPANY 04 Georgia Peaker, L.P. (Delaware limited partnership) 50%; 100% w/Lakeview 03 SONOMA GEOTHERMAL COMPANY (GP & LP) 04 Geothermal Energy Partners Ltd. (P) (Aidlin) 5%LP 03 SOUTH COAST ENERGY COMPANY (GP) 04 Harbor Cogeneration Company (P) 30% 03 SOUTHERN SIERRA ENERGY COMPANY (GP) 04 Kern River Cogeneration Company (general partnership) 50% 03 THOROFARE ENERGY COMPANY (inactive) 03 VIEJO ENERGY COMPANY (GP) 04 Sargent Canyon Cogeneration Company (P) 50% 03 VISTA ENERGY COMPANY (New Jersey corporation) (inactive) 03 WESTERN SIERRA ENERGY COMPANY (GP) 04 Sycamore Cogeneration Company (general partnership) 50% EME INTERNATIONAL: 04 MEC International B.V. (Netherlands corporation) (Holding Company 100% owned by MEC Holdings International, Inc. (California corp.)) Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 Edison Mission Energy Asia Pte Ltd. (formerly Mission Energy Asia Pte Ltd.) (Singapore private company limited by shares) 100% (EME's Regional Asia Pacific Headquarters) Address: 391-B Orchard Road, Ngee Ann City, Tower B, 14th Floor, #14-08/10, Singapore 238874 06 Edison Mission Energy Asia Pacific Pte Ltd. (Singapore corporation) 100% Address: 391-B Orchard Road, Ngee Ann City, Tower B, 14th Floor, #14-08/10, Singapore 238874 06 Edison Mission Energy Fuel Company Pte Ltd. (Singapore corporation) 100% Address: 391-B Orchard Road, Ngee Ann City, Tower B, 14th Floor, #14-08/10, Singapore 238874 06 Edison Mission Operation & Maintenance Services Pte Ltd 100% Address: 391-B Orchard Road, Ngee Ann City, Tower B, 14th Floor, #14-08/10, Singapore 238874 06 P.T. Edison Mission Operation and Maintenance Indonesia [formerly P.T. Mission Operation and Maintenance Indonesia (Indonesian company) 99% Address: Jl. Gen. A Yani No. 54 Probolinggo, East Java, Indonesia 05 Loy Yang Holdings Pty Ltd (Australia corporation) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 06 Edison Mission Energy Holdings Pty Ltd (formerly Mission Energy Holdings Pty. Ltd.) (Australian corporation) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 07 Edison Mission Energy Australia Ltd. (formerly Mission Energy Australia Ltd.) (Australian public company) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 08 Latrobe Power Partnership (Australian partnership) 1% 09 Loy Yang B Joint Venture (Australian J.V.) [see 4.09] 51% PAGE 18 07 Edison Mission Operation & Maintenance Kwinana Pty Ltd (formerly Mission Operations (Kwinana) Pty Ltd) (Australia) 100% (Operator of Kwinana Project) Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 07 Edison Mission Operation & Maintenance Loy Yang Pty Ltd (formerly Mission Energy Management Australia Pty. Ltd.) (Australian corporation) 100% Address: P.O. Box 1792, Traralgon, Victoria 3844,Australia 07 Mission Energy Holdings Superannuation Fund Pty Ltd. (retirement fund required by Australia law) 100% 07 Mission Energy (Kwinana) Pty Ltd (Australia) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 08 Kwinana Power Partnership (Australian G.P.) 1% Address: Level 23, St. Martins Tower 44 St George's Terrace, Perth WA 6000 06 Latrobe Power Pty. Ltd. (Australian corporation) 1% 07 Mission Victoria Partnership (Australian partnership) 52.31% 08 Latrobe Power Partnership (Australian partnership) 99% 09 Loy Yang B Joint Venture (Australian J.V.) [see 4.09] 51% 06 Mission Energy Ventures Australia Pty. Ltd. (Australian company) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 07 Mission Victoria Partnership (Australian partnership) 1% 08 Latrobe Power Partnership (Australian partnership) 99% 09 Loy Yang B Joint Venture (Australian J.V.) [see 4.09] 51% 06 Traralgon Power Pty. Ltd. (Australian corporation) 1% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 07 Mission Victoria Partnership (Australian partnership) 46.69% 08 Latrobe Power Partnership (Australian partnership) 99% 09 Loy Yang B Joint Venture (Australian J.V.) [see 4.09] 51% 05 Edison Mission Energy International B.V. (formerly MEC Mission B.V.) (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 EME Victoria B.V. 100% 05 Hydro Energy B.V. (Netherlands limited liability company) (formerly Continfin Management B.V.) 10% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Iberica de Energias, S.A. (Spain corp) 100% (equity) [see 4.07] Address: Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain 07 Electrometalurgica del Ebro, S.A. ("EMESA") (Spain corporation) (equity) [see 4.08] 91% Address: Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain 08 Monasterio de Rueda, S.L. (Spain) 100% Address: Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain 05 Iberian Hy-Power Amsterdam B.V. (Netherlands limited liability company) 100% Address: Strawinskylaan 1725, Amsterdam, NOORD-HOLL 1077 XX 06 Aprohiso S.A. (Spain corporation) (inactive) 100% Address: Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain PAGE 19 06 Hydro Energy B.V. (Netherlands company) 90% 07 Iberica de Energias, S.A. (Spain corporation) 100% [see 4.07] 08 Electrometalurgica del Ebro, S.A. ("EMESA") (Spain corporation) [see 4.08] 91% 09 Monasterio de Rueda, S.L. (Spain) 100% 06 Saltos del Porma, S.A. 05 Latrobe Power Pty. Ltd. (Australian corporation) 99% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 06 Mission Victoria Partnership (Australian partnership) 52.31% (100% w/ Traralgon PPL 46.69% and MEVALP 1%) 07 Latrobe Power Partnership (Australian partnership) 99% 08 Loy Yang B Joint Venture (Australian joint venture) [see 4.09] 51%; 49% to Gippsland 05 MEC Esenyurt B.V. (Netherlands company) (Doga Project) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Doga Enerji Uretim Sanayi ve Ticaret Anomin Sirketi (Turkish corporation) 80% Address: Merkez Man, Mahallesi Caddesi 11/8, Esenyurt, Istanbul, Turkey 06 Doga Isi Satis Hizmetteri Ticaret L.S. (Turkish corporation) 80% Address: Merkez Man, Mahallesi Caddesi 11/8, Esenyurt, Istanbul, Turkey 06 Doga Isletme ve Bakim Ticaret L.S. (Turkish corporation) 80% Address: Merkez Man, Mahallesi Caddesi 11/8, Esenyurt, Istanbul, Turkey 05 MEC IES B.V. (formerly MEC ESA B.V.) (Netherlands company) (ISAB Project) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 ISAB Energy Services s.r.l. 49% (services co ISAB Project) 05 MEC India B.V. (Netherlands company) (Jojobera Project) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Edison Mission Energy Power (Mauritius corporation) (formerly Mission Energy, formerly Mission Energy Jojobera) (Branch office in India) Address: Louis Leconte Street, Curepipe, Mauritius 05 MEC Indo Coal B.V. (Netherlands company) (Adaro Project) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 P. T. Adaro Indonesia 10% Address: Suite 704, World Trade Centre, Jl. Jend. Sudirman Kav. 31, Jakarta 12920 Indonesia 05 MEC Indonesia B.V. (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 P. T. Paiton Energy Company (Indonesia company) (equity) (Paiton Project) [see 4.10] 40% Address: Mid Plaza 2, 15th Floor, Jl. Jend. Sudirman Kav. 10-11, Jakarta 10220 Indonesia 05 MEC International Holdings B.V. (Netherlands corp) 100% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Edison Mission Energy International B.V. (formerly MEC Mission B.V.) (Netherlands company) 1% 06 MEC Esenyurt B.V. (Netherlands company) (Doga Project) 1% 07 Doga Enerji Uretim Sanayi ve Ticaret Anomin Sirketi (Turkish corporation) 07 Doga Isi Satis Hizmetteri Ticaret L.S. (Turkish corporation) 80% 07 Doga Isletme ve Bakim Ticaret L.S. (Turkish corporation) 80% 06 MEC IES B.V. (Netherlands company) (ISAB Project) 1% 07 ISAB Energy Services s.r.l. 06 MEC India B.V. (Netherlands company) 1% PAGE 20 07 Edison Mission Energy Power (Mauritius corporation) (formerly Mission Energy, formerly Mission Energy Jojobera) 06 MEC Indo Coal B.V. (Netherlands company) (Adaro Project) 1% 07 P. T. Adaro Indonesia 10% 06 MEC Indonesia B.V. (Netherlands company) 1% 07 P. T. Paiton Energy Company (Indonesia company) (equity) (Paiton Project) [see 4.10] 40% 06 MEC Laguna Power B.V. (Netherlands company) (Thailand Project) 1% 07 Gulf Power Generation Co. Ltd. (Bangkok corporation) 40% 06 MEC Perth B.V. (Netherlands company) (Kwinana Project) 1% 07 Kwinana Power Partnership (Australian G.P.) [See 4.13] 06 MEC Priolo B.V. (Netherlands company) (ISAB Project) 1% 07 ISAB Energy, s.r.l. (Italian J.V. company) (equity) [see 4.11] 1% of 49% (quota, not shares) 06 MEC San Pascual B.V. (Netherlands company) 1% 07 San Pascual Cogeneration Company International B.V. 06 MEC Sidi Krir B.V. [formerly MEC Colombia B.V.] (Netherlands company) 1% 06 MEC Sumatra B.V. (formerly MEC Turkey B.V.) (Netherlands company) 1% 06 MEC Wales B.V. (formerly MEC Global Services B.V.) (Netherlands Company) 1% 07 Mission Hydro Limited Partnership (UK limited partnership) 08 EME Generation Holdings Limited (UK company) 100% 09 Loyvic Pty Ltd. (Australia company) 100% 10 Energy Capital Partnership (Australia partnership) 1% 11 Enerloy Pty Ltd. (Australia company) 100% 09 EME Victoria Generation Limited (UK company) 100% 10 Energy Capital Partnership (Australia partnership 98% 11 Enerloy Pty Ltd. (Australia company) 100% 10 Mission Energy Development Australia Pty Ltd 11 Gippsland Power Pty Ltd 100% 12 Loy Yang B Joint Venture 49% 09 Energy Capital Partnership (Australia partnership) 1%LP 10 Enerloy Pty Ltd. (Australia company) 100% 09 First Hydro Holdings Company (Australia partnership) 99% 10 First Hydro Company [see 4.12] 99% 10 First Hydro Finance plc 11 First Hydro Company [see 4.12] 1% 06 Mission Energy Italia s.r.l. 10% (Office in Italy) 06 P.T. Edison Mission Operation and Maintenance Indonesia [formerly P.T. Mission Operation & Maintenance Indonesia (Indonesian company) 1% 05 MEC Laguna Power B.V. (Netherlands co) (Malaya Project) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Gulf Power Generation Co. Ltd. (Bangkok corporation) 40% Address: 888/101 Mahatun Plaza Tower, 10th Floor, Ploenchit, Lumphini, Patumwan, Bangkok 10330 05 MEC Perth B.V. (Netherlands company) (Kwinana Project) 99% 06 Kwinana Power Partnership (Australian G.P.) 99% [See 4.13] Address: Level 23, St. Martins Tower 44 St George's Terrace, Perth WA 6000 05 MEC Priolo B.V. (Netherlands company) (ISAB Project) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 ISAB Energy, s.r.l. (Italian J.V. company) (equity) [see 4.11] 99% of 49% (quota, not shares) Address: Corso Gelone No. 103, Siracusa, Sicily, Italy PAGE 21 05 MEC San Pascual B.V. (Netherlands company) 99% Address: Croeselaan 18, 3521 GT Utrecht, The Netherlands 06 San Pascual Cogeneration Company International B.V. 50% Address: Croeselaan 18, 3521 GT Utrecht, The Netherlands 05 MEC Sidi Krir B.V. [formerly MEC Colombia B.V.] (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 MEC Sumatra B.V. (formerly MEC Turkey B.V.) (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 MEC Wales B.V. (formerly MEC Global Services, B.V.)(Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Mission Hydro Limited Partnership 69% Address: Lansdowne House, Berkeley Square, London W1X5DH England 07 EME Generation Holdings Limited (UK company) 100% 08 Loyvic Pty Ltd. (Australia company) 100% 09 Energy Capital Partnership (Australia partnership) 1% 10 Enerloy Pty Ltd. (Australia company) 100% 08 EME Victoria Generation Limited (UK company) 100% 09 Energy Capital Partnership (Australia partnership 98% 10 Enerloy Pty Ltd. (Australia company) 100% 09 Mission Energy Development Australia Pty Ltd 10 Gippsland Power Pty Ltd 100% 11 Loy Yang B Joint Venture 49% 08 Energy Capital Partnership (Australia partnership) 1%LP 09 Enerloy Pty Ltd. (Australia company) 100% 08 First Hydro Holdings Company (Australia partnership) 99% Address: Lansdowne House, Berkeley Square, London W1X5DH England 09 First Hydro Company [see 4.12] 99% Address: Bala House, St. David's Park Ewloe, Dlwyd, Wales CH5 3XJ 09 First Hydro Finance plc 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 10 First Hydro Company [see 4.12] 1% Address: Bala House, St. David's Park Ewloe, Dlwyd, Wales CH5 3XJ 05 Mission Energy Company (UK) Limited (United Kingdom private limited company) 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 06 Derwent Cogeneration Limited (United Kingdom private limited liability company) (equity) [see 4.14] 33% Address: Lansdowne House, Berkeley Square, London W1X5DH England 06 Edison Mission Energy Limited (formerly Mission Energy Limited) (UK private limited company) 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 06 Edison Mission Operation & Maintenance Limited (a United Kingdom corporation) 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 06 Mission Energy Services Limited (UK private limited company) 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 06 Mission Hydro (UK) Limited 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England PAGE 22 07 First Hydro Holdings Company 1% 08 First Hydro Company [see 4.12] 99% 08 First Hydro Finance plc 100% 09 First Hydro Company [see 4.12] 1% 07 Mission Hydro Limited Partnership 1%GP 08 EME Generation Holdings Limited (UK company) 100% 09 Loyvic Pty Ltd. (Australia company) 100% 10 Energy Capital Partnership (Australia partnership) 1% 11 Enerloy Pty Ltd. (Australia company) 100% 09 EME Victoria Generation Limited (UK company) 100% 10 Energy Capital Partnership (Australia partnership 98% 11 Enerloy Pty Ltd. (Australia company) 100% 10 Mission Energy Development Australia Pty Ltd 11 Gippsland Power Pty Ltd 100% 12 Loy Yang B Joint Venture 49% 09 Energy Capital Partnership (Australia partnership) 1%LP 10 Enerloy Pty Ltd. (Australia company) 100% 09 First Hydro Holdings Company (Australia partnership) 99% 10 First Hydro Company [see 4.12] 99% 10 First Hydro Finance plc 99% 11 First Hydro Company [see 4.12] 1% 06 Mission (No. 2) Limited (UK private limited company) (formerly Mowlem Power Ltd.) 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 06 Pride Hold Limited (United Kingdom corporation) 99% Address: Lansdowne House, Berkeley Square, London W1X5DH England 07 Lakeland Power Ltd. (United Kingdom private limited liability company) [see 4.15] 80% Address: Roosecote Power Station, Barrow-In-Furness, Cumbria, England LA13 OPX 07 Lakeland Power Development Company (UK corporation) 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 05 Mission Energy Italia s.r.l. 90% Representative Office in Italy Address: Villa Brasini, Via Flaminia 497, 00191 Rome Italy 05 Pride Hold Limited (United Kingdom corporation) 1% Address: Lansdowne House, Berkeley Square, London W1X5DH England 06 Lakeland Power Ltd. (United Kingdom private limited liability company) [see 4.15] 80% Address: Roosecote Power Station, Barrow-In-Furness, Cumbria, England LA13 OPX 06 Lakeland Power Development Company (UK corporation) 100% Address: Lansdowne House, Berkeley Square, London W1X5DH England 05 Traralgon Power Pty. Ltd. (Australian corporation) 99% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 06 Mission Victoria Partnership (Australian partnership) 46.69% (100% w/ Latrobe PPL 52.31% and MEVALP 1%) 07 Latrobe Power Partnership (Australian partnership) 08 Loy Yang B Joint Venture (Australian J.V.) [see 4.09] 51%; 49% to Gippsland PAGE 23 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. Claimant is not a "public utility company" as that term is defined in the Public Utility Holding Company Act of 1935 (the "Act") and does not own any properties used for the generation, transmission and distribution of electric energy for sale, or for the production, transmission and distribution of natural or manufactured gas. None of Claimant's subsidiaries, other than SCE, is a public utility company. SCE is an "electric utility company" as defined in the Act and owns properties used for the generation, transmission and distribution of electric energy for sale, as described herein. SCE owns and operates 12 oil- and gas-fueled generating plants, one diesel-fueled generating plant, 38 hydroelectric plants and an undivided 75.05% interest in Units 2 and 3 of the San Onofre Nuclear Generating Station. These plants are located in Central and Southern California and the oil- and gas-fueled generating plants are supported by a fuel pipeline and storage system. SCE has entered into agreements to sell eleven of its oil- and gas-fueled generating plants. The sales are expected to take place in the late-first quarter or early-second quarter of 1998. Pursuant to the sale agreements, SCE will continue to operate the plants for two years after their sale. Of the above mentioned hydroelectric plants, one of them, along with the diesel-fueled generating plant, serve isolated load on Catalina Island. SCE also owns an undivided 15.8% interest in Units 1, 2 and 3 of the Palo Verde Nuclear Generating Station, located near Phoenix, Arizona; and an undivided 48% interest in Units 4 and 5 of the Four Corners Project, a coal-fueled steam electric generating plant in New Mexico; all of which are operated by other utilities. SCE operates and owns a 56% undivided interest in two coal-fueled steam electric generating units at the Mohave Project in Clark County, Nevada. Schedule I attached hereto contains a list of all of the SCE-owned generating plants with their locations, initial dates of operation and generator nameplate ratings. SCE's transmission facilities consist of approximately 7,235 circuit miles of 33kV, 55kV, 66kV, 115kV and 161kV lines, 3,473 circuit miles of 220kV lines, and 500kV line circuit miles consisting of 999.7 miles in California, 125 miles in Nevada and 112 miles in Arizona, for a total 500kV miles of 1,236.7. SCE's distribution facilities consist of approximately 61,162 overhead circuit miles and 30,615 underground circuit miles, and 555 distribution substations, all of which are located in California. 3. THE FOLLOWING INFORMATION FOR THE LAST CALENDAR YEAR 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. Claimant: None. SCE: 76,056,556,000 kwh of electric energy sold at retail or wholesale. (b) NUMBER OF KWH. OF ELECTRIC ENERGY AND MCF. OF NATURAL OR MANUFACTURED GAS DISTRIBUTED AT RETAIL OUTSIDE THE STATE IN WHICH EACH COMPANY IS ORGANIZED. Claimant: None. SCE: None. (c) NUMBER OF KWH. OF ELECTRIC ENERGY AND MCF. OF NATURAL OR MANUFACTURED GAS SOLD AT WHOLESALE OUTSIDE THE STATE IN WHICH EACH SUCH COMPANY IS ORGANIZED, OR AT THE STATE LINE. Claimant: None. SCE: 618,286,000 kwh of electric energy sold at wholesale outside California or at the state line. (d) NUMBER OF KWH. OF ELECTRIC ENERGY AND MCF. OF NATURAL OR MANUFACTURED GAS PURCHASED OUTSIDE THE STATE IN WHICH EACH SUCH COMPANY IS ORGANIZED OR AT THE STATE LINE. Claimant: None. SCE: 13,264,332,993 kwh of electric energy purchased outside California or at the state line. 4. THE FOLLOWING INFORMATION FOR THE REPORTING PERIOD WITH RESPECT TO CLAIMANT AND EACH INTEREST IT HOLDS DIRECTLY OR INDIRECTLY IN AN EWG OR A FOREIGN UTILITY COMPANY, STATING MONETARY AMOUNTS IN UNITED STATES DOLLARS: (a) NAME, LOCATION, BUSINESS ADDRESS AND DESCRIPTION OF THE FACILITIES USED BY THE EWG OR FOREIGN UTILITY COMPANY FOR THE GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE OR FOR THE DISTRIBUTION AT RETAIL OF NATURAL OR MANUFACTURED GAS. (b) NAME OF EACH SYSTEM COMPANY THAT HOLDS AN INTEREST IN SUCH EWG OR FOREIGN UTILITY COMPANY; AND DESCRIPTION OF THE INTEREST HELD. (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. (d) CAPITALIZATION AND EARNINGS OF THE EWG OR FOREIGN UTILITY COMPANY DURING THE REPORTING PERIOD. (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). PAGE 25 4.01 EPZ MISSION FUNDING MU TRUST [FUCO] (a) EPZ Mission Funding MU Trust ("EPZMFMT") c/o Wilmington Trust Company, Rodney Square North, 1100 North Market Square, Wilmington, Delaware 19890-0004 EPZMFMT owns a 7.88% interest in the Amercentrale Power Station Unit 9, which is leased to N.V. Elektriciteits- Produktiemaatshappij Zuid-Nederland ("EPZ"), a Netherlands Public Utility. The Amercentrale Power Station Unit 9 is a 600 megawatt (net) coal-fired cogeneration facility, with natural gas back-up capability, located on 50 hectares (approximately 125 acres) at the Brabandt site in Geertruidenberg, approximately 50 kilometers southeast of Rotterdam, The Netherlands. EPZMFMT has also acquired an undivided interest in or the right to use certain transmission facilities leading from the Amercentrale Power Station to the 150 kV grid owned by Provinciale Noordbrabantse Energie-Maatschappij ("PNEM"), the distribution company that receives the power from Unit 9. EPZMFMT also owns an interest in or rights to use transformers and associated equipment of EPZ designed to step up the power from the 21 kV level at the generator to the 150 kV level required to enter the PNEM system. EPZMFMT has also acquired rights to use certain other common facilities necessary to permit operation of Unit 9. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Capital, which owns 100% of Edison Funding Company, which owns 100% of Mission Funding Epsilon, which owns 100% of Mission Funding Alpha, which owns 100% of Mission Funding Mu. EPZMFMT is a business trust created under the laws of the State of Delaware. Mission Funding Mu is the 100% beneficial owner of the beneficial interest in EPZMFMT. Wilmington Trust Company is the trustee of the Trust. (c) Mission Funding Mu made a $13,000,000 equity investment in the sale/leaseback, and funds were borrowed on a non-recourse basis in the amount of $87,000,000, in order to acquire the interest in the asset with a total cost of $100,000,000. Mission Funding Mu also incurred out-of-pocket costs and fees of approximately $1,750,000. The Mission Funding Mu investment and the related obligations have been guaranteed by its parent, Mission Funding Alpha. (d) Capitalization or total equity = $13,000,000 Net income after taxes for 1997 = $1,157,967 (e) There are no contracts between EPZ and any system company. 4.02 EPZ MISSION FUNDING NU TRUST [FUCO] (a) EPZ Mission Funding Nu Trust ("EPZMFNT") c/o Wilmington Trust Company, Rodney Square North, 1100 North Market Square, Wilmington, Delaware 19890-0004 PAGE 26 EPZMFNT owns a 17.72% interest in the Amercentrale Power Station Unit 9, which is leased to N.V. Elektriciteits- Produktiemaatshappij Zuid-Nederland ("EPZ"), a Netherlands Public Utility. The Amercentrale Power Station Unit 9 is a 600 megawatt (net) coal-fired cogeneration facility, with natural gas back-up capability, located on 50 hectares (approximately 125 acres) at the Brabandt site in Geertruidenberg, approximately 50 kilometers southeast of Rotterdam, The Netherlands. EPZMFNT has also acquired an undivided interest in or the right to use certain transmission facilities leading from the Amercentrale Power Station to the 150 kV grid owned by Provinciale Noordbrabantse Energie-Maatschappij ("PNEM"), the distribution company that receives the power from Unit 9. EPZMFNT also owns an interest in or rights to use transformers and associated equipment of EPZ designed to step up the power from the 21 kV level at the generator to the 150 kV level required to enter the PNEM system. EPZMFNT has also acquired rights to use certain other common facilities necessary to permit operation of Unit 9. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Capital, which owns 100% of Edison Funding Company, which owns 100% of Mission Funding Epsilon, which owns 100% of Mission Funding Delta, which owns 100% of Mission Funding Nu. EPZMFNT is a business trust created under the laws of the State of Delaware. Mission Funding Nu is the 100% beneficial owner of the beneficial interest in EPZMFNT. Wilmington Trust Company is the trustee of the Trust. (c) Mission Funding Nu made a $29,250,000 equity investment in the sale/leaseback, and funds were borrowed on a non-recourse basis in the amount of $195,750,000, in order to acquire the interest in the asset with a total cost of $225,000,000. Mission Funding Nu also incurred out-of-pocket costs and fees of approximately $3,937,500. The Mission Funding Nu investment and the related obligations have been guaranteed by an affiliate, Mission Housing Investments. (d) Capitalization or total equity = $29,250,000 Net income after taxes for 1997 = $2,571,407 (e) There are no contracts between EPZ and any system company. 4.03 COMMONWEALTH ATLANTIC LIMITED PARTNERSHIP [EWG] (a) Commonwealth Atlantic Limited Partnership ("CALP") 2837 South Military Highway, Chesapeake, VA 23323-0286 CALP is a 340 MW natural gas and distillate oil fired peaking power generation facility selling power to Virginia Power (the "Facility"). (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which through its subsidiary Hanover Energy Company owns Chickahominy River Energy Corp. which in turn owns a 1% general partner interest and a 49% limited partner interest in CALP. PAGE 27 (c) Chickahominy River Energy Corp. made a capital contribution of $14,020,000 to CALP. Edison Mission Energy owns a 50% interest through its wholly owned subsidiary Hanover Energy Company, in CALP, which is the owner of the Facility. The Facility went into operation on June 4, 1992. (d) Capitalization or total equity = $14,020,000 Net loss after taxes for 1997 = ($244,493) (e) There are no contracts between CALP and any system company. 4.04 GORDONSVILLE ENERGY, L.P. [EWG] (a) Gordonsville Energy, L.P. ("GELP") 115 Red Hill Road, Gordonsville, VA 22942 GELP is a gas fired cogeneration facility with the anticipated net capacity during the winter months of 290 megawatts and 220 megawatts during the summer months. The electricity generated by the facility will be sold to Virginia Electric & Power Company under two executed 30-year Power Purchase Agreements. The steam generated by the facility is sold to Rapidan Service Authority. This facility is located one mile southwest of Gordonsville, Virginia in Louisa County. GELP went into operation on June 1, 1994. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which through its subsidiaries Madison Energy Company ("Madison") and Rapidan Energy Company ("Rapidan") owns 49% (LP) and 1% (GP) respectively in GELP. (c) Madison made a capital contribution of $25,823,000 and Rapidan made a capital contribution of $527,000, providing a total amount of $26,350,000. As a condition to receiving the extension of credit necessary to develop GELP, Madison, Rapidan and Jefferson Energy Company ("Jefferson"), a wholly owned subsidiary of Edison Mission Energy which sold its interest to Northern Hydro Limited, entered into separate Equity Subscription Agreements with GELP with the condition that Edison Mission Energy guaranty the obligations under such agreements by entering into an Equity Subscription Agreement Guaranty for each of Madison, Rapidan and Jefferson in an amount not to exceed an aggregate of $55,250,000. (d) Capitalization or total equity = $25,752,500 Net loss after taxes for 1997 = ($860,580) (e) Edison Mission Operation & Maintenance, Inc. ("EMOM") operates this facility. EMOM received $699,000 in compensation as operator in 1997. 4.05 BROOKLYN NAVY YARD COGENERATION PARTNERS, L.P. [EWG] (a) Brooklyn Navy Yard Cogeneration Partners, L.P. ("BNY") 230 Park Avenue, Suite 515, New York, NY 10169 BNY's facilities will consist of a 286MW combined cycle cogeneration facility located at Brooklyn Navy Yard Industrial Park in Brooklyn, NY. PAGE 28 (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which through its wholly owned subsidiary Mission Energy New York, Inc., owns 50% of Brooklyn Navy Yard Cogeneration Partners, L.P. (c) Capital contribution made by Edison Mission Energy through its subsidiary Mission Energy New York, Inc., was in the amount of $33,158,043. BNY completed a $407 million permanent non- recourse financing for the project (the "Financing"). Edison Mission Energy agreed to indemnify BNY and its partners from all claims and costs arising from or in connection with any litigation. Said indemnification has been assigned to the lenders of the Financing. In connection with the Financing, Mission Energy New York, Inc., has entered into a Construction Loan Note (approximately $94 million) in favor of BNY. (d) Capitalization or total equity = $12,758,043 Net loss after taxes for 1997= ($17,206,282) (e) Other than with respect to the Edison Mission Energy guarantee as listed in Item (c) above, there are no contracts between BNY and any system company. 4.06 NEVADA SUN-PEAK LIMITED PARTNERSHIP [EWG] (a) Nevada Sun-Peak Limited Partnership 200 South Virginia Street, Reno, Nevada 89501 Nevada Sun-Peak L.P. owns a three unit, natural gas and oil fired combustion turbine generation facility designed to produce a net output of approximately 210 MW. The combustion turbines (General Electric PG 7111-EA-CTGs) are capable of operating on either natural gas or No. 2 distillate fuel oil. The transmission facilities associated with the plant are owned by Nevada Power Company. The facility is located near Las Vegas, Nevada. Commercial operation began on June 8, 1991. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Quartz Peak Energy Company, which in turn owns Nevada Sun-Peak Limited Partnership, the exempt wholesale generator. (c) The capital contribution of $8,125,500 was made by Quartz Peak Energy Company. (d) Capitalization or total equity = $8,125,500 Net loss after taxes for 1997 = ($357,117) (e) There are no contracts between Nevada Sun-Peak and any system company. 4.07 IBERICA DE ENERGIAS, S.A. [FUCO] (a) Iberica de Energias, S.A. ("Iberica") Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain Iberica's facilities consist of the following fifteen mini-hydroelectric facilities which are capable of producing a total of 40.82 MW: 1. Quintana: 1.48MW facility in Herrera de Valdecana, Palencia PAGE 29 2. La Flecha: 2.66MW facility in Arroyo Encomienda, Valladolid 3. Toro: 4.50MW facility in Toro, Zamora 4. Tudela: 1.48MW facility in Tudela de Duero, Valladolid 5. Sardon Bajo: 1.60MW facility in Villabanez, Valladolid 6. Bocos: 1.60MW facility in Bocos de Duero, Valladolid 7. Monasterio: 1.60MW facility in Quintanilla de Arriba, Valladolid 8. Logrono: 3.68MW facility in Logrono, La Rioja 9. Mendavia: 5.60MW facility in Mendavia, Navarra 10. La Ribera: 4.40MW facility in Pradejon, La Rioja 11. Gelsa: 7.20MW facility in Gelsa, Zaragoza 12. Alos: 4.80MW facility in Alos de Balaguer, Lerida 13. Castellas: 2.25MW facility in Valls de Aguilar, Lerida 14. Olvera: 2.3MW facility near Guadalimar River, east of Linares (Jaen) 15. Sossis: 3.75MW facility in Noguera Pallovesa, north of Lerida, Catalonia. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which owns 100% of Iberian Hy-Power Amsterdam B.V., which owns 90% of Hydro Energy B.V., which in turns owns 100% of Iberica. MECI also owns directly 10% of Hydro Energy B.V. (c) The capital contribution made by MECI through Iberian Hy-Power Amsterdam B.V. was $5,157,703. In August, 1993, MECI, through its 34% ownership interest and its direct ownership interest in Hydro Energy B.V., acquired an aggregate 40.6% interest in Energias Hidraulicas, S.A. ("EH") from Energies, S.A., the hydroelectric development subsidiary of Compagne Generale des Eaux ("CGE"). Subsequently, EH sold Iberica and Mediterranea to Hydro Energy B.V. CGE is a French water utility company. EH is a Spanish holding company which will develop water right concessions, but has no operating facilities. During 1996, the five facilities previously owned by Compania Mediterranea de Energias, S.A., were merged into Iberica. Also in 1996, Energias Hidraulicas' name was changed to Edison Mission Energy Espana, S.A. In connection with the acquisition of EH, CGE provided to Iberica and Mediterranea a 10-year limited revenue guaranty, which allowed Iberica and Mediterranea to secure non-recourse project financing. Consideration to CGE for the acquisition of Iberica and Mediterranea included the assumption by Hydro Energy B.V. of an existing loan with deferred payments to CGE beginning in 1999 and ending in 2003. Edison Mission Energy has provided a guaranty for any such deferred payments which are outstanding as of September 30, 2003 (six months after the due date for all such deferred payments). The guaranty by Edison Mission Energy provides for no rights of acceleration by CGE under any circumstances. At December 31, 1995, the present value of the deferred payments will amount to $19.3 million ($44.2 million face value discounted at 11.5%). (d) Capitalization or total equity = $23,814,148 Net Income after taxes for 1997 = $2,292,960 (e) There are no contracts between Iberica and any system company. PAGE 30 4.08 ELECTROMETALURGICA DEL EBRO, S.A. [FUCO] (a) Electrometalurgica del Ebro, S.A. ("EMESA") Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain EMESA's facilities consist of three mini-hydroelectric facilities (Sastago I, Sastago II and Menza) all located near the Ebro River in Zaragoza. The three mini-facilities are masonry weir, concrete intake structures capable of producing 3 MW, 17.3 MW and 16.5 MW, respectively. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which owns 100% of Iberian Hy-Power Amsterdam B.V., which through its 90% interest in Hydro Energy B.V. owns 100% of Iberica, which owns 91.32% of EMESA. MECI also directly owns 10% of Hydro Energy B.V., which owns 100% of Iberica, which owns 91.32% of EMESA. (c) The capital contribution made by MECI through Iberian Hy-Power Amsterdam B.V. was $3,140,000. (d) Capitalization or total equity = $80,354 Net Income after taxes for 1997 = $1,583,085 (e) There are no contracts between EMESA and any system company. 4.09 LOY YANG B JOINT VENTURE [FUCO] (a) Loy Yang B Joint Venture ("LYBJV") Bartons Lane, Loy Yang, Victoria, Australia 3844 LYBJV owns two coal-fired generating units with generator name plate ratings of 500,000 kW each, located in the Latrobe Valley in the State of Victoria, Australia. Unit 1 began commercial operation on September 30, 1993, and Unit 2 began commercial operation on September 30, 1996. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V.; indirect, wholly owned subsidiaries of Edison Mission Energy collectively own 100% of the interests in Loy Yang B Joint Venture, the foreign utility company, as explained below. The system-owned venturer is Latrobe Power Partnership ("LPP"), which owns the 51% interest. LPP is 1% owned by Edison Mission Energy Australia Ltd (the managing general partner) and 99% owned by Mission Victoria Partnership (a general partner). Edison Mission Energy Australia Ltd is wholly owned by Edison Mission Energy Holdings Pty Ltd, which is wholly owned by Loy Yang Holdings Pty Ltd, which is a wholly owned subsidiary of MEC International B.V. PAGE 31 Mission Victoria Partnership is 52.31% owned by Latrobe Power Pty Ltd (general partner), 46.69% owned by Traralgon Power Pty Ltd (general partner), and 1% owned by Mission Energy Ventures Australia Pty Ltd (managing general partner). Latrobe Power Pty Ltd and Traralgon Power Pty Ltd are both owned 99% by MEC International B.V. and 1% by Loy Yang Holdings Pty Ltd. Mission Energy Ventures Australia Pty Ltd is wholly owned by Loy Yang Holdings Pty Ltd, which is owned as described above. Gippsland Power Pty Ltd. owns the remaining 49% in Loy Yang B Joint Venture. Gippsland is 100% owned by Mission Energy Development Australia Pty Ltd., which is 100% owned by EME Victoria Generation Ltd. (a UK company), which is 100% owned by EME Generation Holdings Ltd. (a UK company), which is 100% owned by Mission Hydro Limited Partnership (a UK company) which is 69% owned by MEC Wales BV (a Dutch company), 30% owned by Mission Energy Wales Company and 1% owned by Mission Hydro (UK) Limited. All three partners to Mission Hydro Limited Partnership are 100% directly or indirectly owned by Edison Mission Energy. (c) EME, through its indirect and direct subsidiaries, closed financing of $964 million (the "Financing") for the purchase of the remaining 49% of LYBJV. The Financing consists of (i) a 15 year interest-only term facility, (ii) a 20 year amortizing term facility with principal and interest payments scheduled quarterly commencing September 30, 1998, and (iii) a working capital facility with a term equal to that of the 20 year amortizing term facility. The Financing was structured on a non-recourse basis. Lenders look solely to the cash proceeds of LYBJV to repay the debt and have taken a security interest in the LYBJV. In the document between EME and the Bank Group entitled "MEC Undertaking," EME is obligated (i) to support all performance obligations of EME Management Australia Pty Ltd ("MEMA") (the operator under the Operations & Maintenance "O&M" Agreement) and (ii) to provide up to 5,000,000 Australian Dollars in any year to MEMA in the event that MEMA incurs certain liabilities under the O&M Agreement. LPP's and Gippsland's capital contribution = US$363,356,338 (d) LPP's and Gippsland's Equity = US$363,356,333 LPP's and Gippsland's Net Income after taxes for 1997 = US$17,247,682 (e) An indirect, wholly owned subsidiary of MEC International B.V., Edison Mission Operation & Maintenance Loy Yang Pty Ltd. operates the generating plant pursuant to an amended operating and maintenance contract. The intermediate holding company of Edison Mission Operation & Maintenance Loy Yang Pty Ltd. is Edison Mission Energy Holdings Pty Ltd. As operator, Edison Mission Operation & Maintenance Loy Yang Pty Ltd. performs the following services: management and supervision of the construction commissioning, testing, operation and maintenance of the Loy Yang B power station on behalf of the joint venture participants. In 1997, Edison Mission Operation & Maintenance Loy Yang Pty Ltd was paid as follows: Management Fee -- US$1,030,000; Operator Performance Incentive -- US$1,800,000 PAGE 32 4.10 P. T. PAITON ENERGY COMPANY [FUCO] (a) P. T. Paiton Energy Company ("Paiton") Mid Plaza 2, 15th Floor, Jl. Jend. Sudirman Kav. 10-11 Jakarta 10220 Indonesia Paiton's facilities consist of two coal-fired electric generating units (under development) in Paiton, Indonesia, on the northeast Java coast. Each unit has a nominal net design capacity of 605MW and will be comprised of a boiler and steam turbine generator with ancillary facilities. The two units will share a control room. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which directly owns 99% of MEC Indonesia B.V. and through its wholly owned subsidiary MEC International Holdings B.V. indirectly owns the remaining 1% of MEC Indonesia B.V.; MEC Indonesia B.V. owns 40% of P. T. Paiton Energy Company. (c) Capital contribution made by Edison Mission Energy through MEC Indonesia B.V. to Paiton was in the amount of $125,694,200. Edison International, Edison Mission Energy, MEC Indonesia B.V., MEC International B.V., and MEC International Holdings B.V. have entered into an Equity Support Agreement wherein each jointly and severally guarantees payment of 47.06% of Paiton's obligations to contribute base equity, overrun equity, and contingent overrun equity to the Project. The total EME commitment is $461,200,000. The initial value of said obligation was $374,752,000. (d) Capitalization or total equity = $313,000,000 Paiton is in development stages; anticipated date of operation is late 1999. (e) (1) Edison Mission Energy Asia Pte. Ltd., the wholly owned Singapore corporation of MEC International B.V., has entered into an Operation and Maintenance Agreement with P. T. Paiton Energy Company to provide operation and maintenance services. The services under the Operation and Maintenance Agreement have been assumed by P.T. Edison Mission Operation & Maintenance Indonesia, another indirect subsidiary of Edison Mission Energy. PTEMO&M has received $233,000 net income after taxes in 1997. (2) Mission Energy Construction Services, Inc. ("MECSI"), a wholly owned subsidiary of Edison Mission Energy, entered into a Secondment Agreement with Paiton on April 20, 1995 ("Agreement"). MECSI is to recruit and second appropriate personnel to Paiton in connection with the construction of the Paiton facility. MECSI will receive compensation in the amount of US$25,000 from Paiton for the provision of seconded personnel. MECSI executed a letter of confirmation relating to the Agreement on April 21, 1995, which states that in the event the salaries, benefits, wages, taxes and expenses ("Costs") of the seconded personnel equal an amount less than $6.975 million at the beginning of the 59th month following the commencement of construction under the construction contract, Paiton is to immediately pay the difference to PAGE 33 MECSI or its designee in US dollars. In the event the Costs exceed $6.975 million, then MECSI shall pay to Paiton the amount of such overage. (3) MECSI and Paiton entered into an Owner Representative Agreement on March 31, 1995, wherein MECSI is authorized to represent Paiton with regard to overseas suppliers and procurement on the construction of the facility and interface with the contractor and Perussahan Umum Listrik Negara, the Indonesian state-owned utility, on technical, budgeting, and scheduling matters. Under this agreement, MECSI is to receive compensation in the amount of US$8 million payable in arrears in accordance with a schedule attached to the Owner Representative Agreement. 4.11 ISAB ENERGY, s.r.l. [FUCO] (a) ISAB Energy, s.r.l. ("ISAB") Corso Gelone No. 103, Siracusa, Sicily, Italy ISAB's facilities will consist of a 512MW integrated gasification and combined cycle power plant, located in Priolo Gargallo, 8 km. from Siracusa, Sicily, on approximately 100 hectares of land. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which directly owns 99% of MEC Priolo B.V. and through its wholly owned subsidiary MEC International Holdings B.V. indirectly owns the remaining 1% of MEC Priolo B.V., MEC Priolo B.V. owns 49% of ISAB Energy, s.r.l. (c) Edison Mission Energy has guaranteed (for the benefit of the banks financing the construction of the power plant) MEC Priolo B.V.'s obligation to inject into ISAB equity and subordinated debt totaling US$137,977. This amount must be injected on the earlier of: (i) 56 months after signing the loan documents; (ii) 52 months after first drawdown of funds; (iii) conversion of the debt into a term loan or (iv) upon acceleration of the debt. If an event of default occurs under the financing documents, prior to the occurrence of one of the four events described above, EME's equity and subordinated debt is required to the extent necessary to bring the equity amount to a pari passu basis with the current level of loans outstanding from the banks. Also in connection with the financing of ISAB, Edison Mission Operation & Maintenance, Inc. ("EMO&M") pursuant to a guarantee (the "EMO&M Guarantee") has guaranteed (for the benefit of ISAB and the banks financing the construction of the ISAB power plant) ISAB Energy Services, S.r.l.'s financial obligations (as the operator) to ISAB under the Operation and Maintenance Agreement for the operation and maintenance of the power plant. The maximum payable by EMO&M under the EMO&M Guarantee is capped at the mobilization fee or base fee paid in any given year (anywhere from $3-5 million per year). PAGE 34 (d) Capitalization or total equity = $12,784,178 Net income after taxes for 1997 = $0 ISAB is scheduled to become operational by July 1, 2001. (e) ISAB and Edison Mission Energy Limited ("EMEL") entered into a Secondment Agreement on January 1, 1997, wherein EMEL seconds certain of its employees to ISAB to assist in areas related to ISAB's business (i.e., project management.). Under this agreement, EMEL has received compensation in the amount of US$142,853 for 1997. Mission Energy Italia SRL ("MEI") and ISAB have entered into a Secondment Agreement effective January 1, 1997, wherein MEI seconds certain of its employees to ISAB to assist in areas related to ISAB's business (i.e., project control and general management). Under this Secondment Agreement, MEI has received US$632,337 as of December 31, 1997. EMEL entered into a Sponsor Support Agreement with ISAB effective January 1, 1997, wherein EMEL provides activities to ISAB in the areas which include the following: financial model administration; maintenance and development of relationship with lenders to ISAB; advice on finance; maintenance and development of relationship with insurance companies; maintenance and development of relationship with international law firms; supervision and preparation of legal contracts and provide interpretation of existing contracts. During 1997, EMEL has received US$175,698 under this Sponsor Support Agreement. 4.12 FIRST HYDRO COMPANY [FUCO] (a) First Hydro Company ("First Hydro") Bala House, St. David's Park, Ewloe, Clwyd, Wales CH5 3XJ The principal assets of First Hydro are two pumped storage stations located in North Wales at Dinorwig and Ffestiniog which have a combined registered capacity of 2,088MW. These facilities were built to provide additional generation for meeting peak demand throughout the day and to provide rapid generation response to sudden changes in electricity demands. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which through its subsidiaries (i) wholly owned Mission Energy Wales Company, owns 30%LP of Mission Hydro Limited Partnership, which in turn owns 99% of First Hydro Holdings Company, which owns 100% of First Hydro Finance plc, which owns 1% of First Hydro Company; (ii) wholly owned Mission Energy Holdings International, Inc. owns 100% of MEC International B.V., which owns 100% of Mission Energy Company (UK) Limited, which owns 100% of Mission Hydro (UK) Limited, which in turn directly owns 1% of First Hydro Holdings Company and indirectly owns the remaining 99% of First Hydro Holdings Company through its 1%GP interest in Mission Hydro Limited Partnership, First Hydro Holdings Company owns 100% of First Hydro Finance plc, which in turn owns 100% of First Hydro Company; and (iii) the wholly owned subsidiary Mission Energy Holdings International, Inc. owns 100% of MEC International B.V. which directly owns 99% of MEC Wales B.V. and through its wholly owned subsidiary MEC International Holdings B.V. indirectly owns the remaining 1% of MEC Wales B.V., MEC Wales B.V. owns 69%LP of Mission Hydro Limited Partnership which owns 99% of First Hydro Holdings Company, which owns 100% of First Hydro Finance plc, which owns 100% of First Hydro Company. PAGE 35 (c) First Hydro Finance plc ("First Hydro Finance"), indirect subsidiary of Edison Mission Energy, purchased all of the outstanding shares of First Hydro Company for $1.0 billion plus $45.7 million as consideration for the working capital of First Hydro at the date of acquisition. This acquisition was funded through a combination of (i) a $621.4 million credit facility with Barclays Bank Plc, (ii) a $350 million capital contribution from Edison International, and (iii) the remaining $50.4 came from Edison Mission Energy's working capital. First Hydro Finance obtained the financing for First Hydro Holdings Company, a wholly owned indirect subsidiary of Edison Mission Energy. To support the financing for First Hydro Finance, Edison Mission Energy issued two letters of credit from its $400 million corporate revolving credit. (i) Revenue Support Letter of Credit - This 12 million sterling pound Letter of Credit was issued in favor of First Hydro Finance and assigned to Prudential Trustee Company Limited as security trustee. The Revenue Support Letter of Credit must be provided during the initial five years of financing and be issued from the bank in short- term ratings of at least A-1/P-1. The Revenue Support Letter of Credit may be used to make up any shortfalls in interest payments owing and may also be used toward curing any default arising from interest coverage ratios dropping below 1.05 to 1.0 for applicable reference periods. (ii) Debt Service Reserve Letter of Credit - This 16 million sterling pound Letter of Credit was issued in favor of First Hydro Finance and issued to Prudential Trustee Company Limited as security trustee. The Debt Service Reserve Letter of Credit meets the requirement that the debt service reserve account contain at least 6 months of interest under the bank credit facility agreement with Barclays Bank Plc. (d) Capital Contribution = $405,513,507 Net income after taxes for 1997 = $67,821,551 (e) There are no contracts between First Hydro and any system company. 4.13 DERWENT COGENERATION LIMITED [FUCO] (a) Derwent Cogeneration Limited ("Derwent") Lansdowne House, Berkeley Square, London W1X5DH England The 214 MW plant at Spondon, Derbyshire, England, went into operation in 1995. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V.; MEC International B.V. owns 100% of Mission Energy Company (UK) Limited which owns 33% of Derwent Cogeneration Limited. (c) Total capital contribution = US$12,485,130 (approx.) PAGE 36 (d) Capitalization or total equity = US$16,678,368 Net Income after taxes for 1997 = US$612,436 (e) Mission Energy Services Limited ("MESL") provided construction management services to Derwent Cogeneration Limited throughout the construction phase of the project and is now the operator of the facility. MESL is to receive a fixed fee of US$381,470 per year for operation and maintenance services as well as reimbursement from Derwent for expenditures incurred for operation and maintenance services. 4.14 LAKELAND POWER LTD. [FUCO] (a) Lakeland Power Ltd. Roosecote Power Station, Barrow-in-Furness Cumbria, England LA13 OPX Lakeland's facilities consist of a 220 MW gas fired combined cycle electricity generation plant. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V.; MEC International B.V. ("MECI"), owns 2 shares (1%) of Pride Hold Limited and 100 shares (100%) of Mission Energy Company (UK) Limited; Mission Energy Company (UK) Limited owns 99% of Pride Hold Limited and MECI owns 1%. Pride Hold Limited owns 80% of Lakeland Power Ltd. Pride Hold Limited owns 100% of Lakeland Power Development Company. (c) The capital contribution made by MECI through Pride Hold Limited was $2,617,149. (d) Capitalization or total equity = $0. Net income after taxes for 1997 = US$9,998,531. (e) There are no contracts between Lakeland and any system company. 4.15 KWINANA POWER PARTNERSHIP (a) Kwinana Power Partnership ("KPP") c/o Edison Mission Energy Holdings Pty. Ltd. Southgate Complex Level 20, HWT Tower 40 City Road South Melbourne, Australia KPP's facilities used for the generation, transmission, or distribution of electric energy for sale consist of a 116 MW gas-fired combined cycle cogeneration plant at the oil refinery owned and operated by British Petroleum Refinery Proprietary Limited at Kwinana near Perth, Australia, and interconnection equipment necessary to connect the plant with the refinery and with KPP's wholesale purchaser, Western Power Corporation. KPP commenced operation in December 1996. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V.; indirect, wholly owned subsidiaries of MEC International B.V. collectively own 100% of the interests of KPP, the foreign utility company. PAGE 37 (c) The Shareholder and Equity Subscription Agreement provides for an equity contribution from MEC Perth B.V. to be made upon conversion from a construction loan to a term loan which is scheduled for late 1996; Edison Mission Energy is obligated to contribute the equity required to be paid by its subsidiary. The equity contribution is $24,254,167. No capital contribution was made. (d) Capitalization or total equity = $0 Net income after taxes for 1997 = $3,596,729 (e) An indirect, wholly owned subsidiary of MEC International B.V., Edison Mission Operation (Kwinana) Pty Ltd ("EMOK"), operates the facility pursuant to an operation and maintenance agreement. EMOK received $409,000 in compensation as operator in 1997. EXHIBIT A A CONSOLIDATING STATEMENT OF INCOME AND SURPLUS OF THE CLAIMANT AND ITS SUBSIDIARY COMPANIES FOR THE LAST CALENDAR YEAR, TOGETHER WITH A CONSOLIDATING BALANCE SHEET OF CLAIMANT AND ITS SUBSIDIARY COMPANIES AS OF THE CLOSE OF SUCH CALENDAR YEAR. EXHIBIT B FINANCIAL DATA SCHEDULE. EXHIBIT C AN ORGANIZATIONAL CHART SHOWING THE RELATIONSHIP OF EACH EWG OR FOREIGN UTILITY COMPANY TO ASSOCIATE COMPANIES IN THE HOLDING COMPANY SYSTEM. The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 27th day of February, 1998. EDISON INTERNATIONAL By Kenneth S. Stewart ----------------------------- Kenneth S. Stewart Assistant General Counsel Corporate Seal Attest: Bonita J. Smith - ---------------------------- Bonita J. Smith Assistant Secretary NAME, TITLE AND ADDRESS OF OFFICER TO WHOM NOTICES AND CORRESPONDENCE CONCERNING THIS STATEMENT SHOULD BE ADDRESSED: Kenneth S. Stewart Assistant General Counsel - ------------------------------------------------------------------------ (Name) (Title) 2244 Walnut Grove Avenue, Post Office Box 999, Rosemead, CA 91770 - ------------------------------------------------------------------------ (Address) PAGE 39 Schedule I Southern California Edison Company Electric Generating Properties MAIN SYSTEM - ----------- SCE OWNED - ------------
Generator Name Location Unit Date of Plate Rating Name of Plant County No. Operation kW - ------------- --------- ----- -------------------------- OIL & GAS: - --------- Alamitos Los Angeles 1 Sep 11, 1956 163,200 2 Feb 19, 1957 163,200 3 Dec 04, 1961 333,000 4 Jun 01, 1962 333,000 5 Mar 05, 1966 495,000 6 Sep 06, 1966 495,000 7CT Jul 01, 1969 138,125 ----------- TOTAL PLANT 2,120,525 Cool Water San Bernardino1 Jun 15, 1961 65,280 2 May 01, 1964 81,600 3CC May 31, 1978 290,000 4CC Aug 31, 1978 290,000 ---------- TOTAL PLANT 726,880 Ellwood Santa Barbara 1CT Aug 01, 1974 56,700 El Segundo Los Angeles 1 May 25, 1955 156,250 2 Aug 27, 1956 156,250 3 Aug 01, 1964 342,000 4 Apr 01, 1965 342,000 ---------- TOTAL PLANT 996,500 Etiwanda San Bernardino1 Jul 09, 1953 122,500 2 Nov 23, 1953 122,500 3 May 01, 1963 333,000 4 Oct 18, 1963 333,000 5CT Jan 01, 1969 138,125 ---------- TOTAL PLANT 1,049,125 Highgrove San Bernardino1 Aug 01, 1952 34,500 2 Jul 01, 1952 34,500 3 Nov 20, 1953 50,000 4 Oct 23, 1955 50,000 ---------- TOTAL PLANT 169,000 Huntington Beach Orange 1 Jun 30, 1958 217,600 2 Dec 05, 1958 217,600 3 May 22, 1961 217,600 4 Jul 09, 1961 217,600 5CT Apr 01, 1969 138,125 ---------- TOTAL PLANT 1,008,525
Generator Name Location Unit Date of Plate Rating Name of Plant County No. Operation kW - ------------- --------- ----- -------------------------- OIL & GAS: (continued) - ---------------------- Long Beach Los Angeles 8CC Dec 31, 1976 334,500 9CC Apr 30, 1977 252,000 ---------- TOTAL PLANT 586,500 Mandalay Ventura 1 May 15, 1959 217,600 2 Aug 27, 1959 217,600 3CT Apr 01, 1970 138,125 ---------- TOTAL PLANT 573,325 Ormond Beach Ventura 1 Dec 14, 1971 806,400 2 Jun 01, 1973 806,400 ---------- TOTAL PLANT 1,612,800 Redondo Los Angeles 1 Mar 01, 1948 66,000 2 Apr 17, 1948 69,000 3 Aug 31, 1949 66,000 4 Oct 10, 1949 69,000 5 Oct 11, 1954 156,250 6 Jul 15, 1957 163,200 7 Feb 01, 1967 495,000 8 Jul 01, 1967 495,000 ---------- TOTAL PLANT 1,579,450 San Bernardino San Bernardino1 Jun 15, 1957 65,280 2 Jul 01, 1958 65,280 ---------- TOTAL PLANT 130,560 ========== TOTAL OIL & GAS: 10,609,890 ---------------- COAL: - ---- Four Corners San Juan, NM 4 Jul 01, 1969 818,100 Owned by Others - 52% (425,412) ---------- Owned by SCE - 48% 392,688 5 Jul 01, 1970 818,100 Owned by Others - 52% (425,412) ---------- Owned by SCE - 48% 392,688 ========== TOTAL SCE 785,376 Mohave Clark, NV 1 Apr 01, 1971 818,100 Owned by Others - 44% (359,964) ---------- Owned by SCE - 56% 458,136 2 Oct 01, 1971 818,100 Owned by Others - 44% (359,964) ---------- Owned by SCE - 56% 458,136 ========== TOTAL SCE 916,272 ========== TOTAL COAL: 1,701,648 ----------
PAGE 41
Generator Name Location Unit Date of Plate Rating Name of Plant County No. Operation kW - ------------- --------- ----- -------------------------- NUCLEAR: - --------- (S> San Onofre San Diego Jan 01, 1968 0 Owned by Others - 20% 0 ---------- Owned by SCE - 80% 0 2 Aug 08, 1983 1,127,000 Owned by Others - 24.95% (281,185) ---------- Owned by SCE - 75.05% 845,815 3 Apr 01, 1984 1,127,000 Owned by Others - 24.95% (281,185) ---------- Owned by SCE - 75.05% 845,815 ========== TOTAL SCE 1,691,630 Palo Verde Maricopa, AZ 1 Feb 01, 1986 1,403,100 Owned by Others - 84.2% (1,181,410) ---------- Owned by SCE - 15.8% 221,690 2 Sep 19, 1986 1,403,100 Owned by Others - 84.2% (1,181,410) ---------- Owned by SCE - 15.8% 221,690 3 Jan 20, 1988 1,403,100 Owned by Others - 84.2% (1,181,410) ---------- Owned by SCE - 15.8% 221,690 ========== TOTAL SCE 665,070 ========== TOTAL NUCLEAR: 2,356,700 ------------- HYDRO: - ------ NORTHERN REGION HYDROELECTRIC PLANTS: - ------------------------------------ Big Creek #1 Fresno 1 Nov 08, 1913 19,800 2 Nov 08, 1913 15,750 3 Jul 12, 1923 21,600 4 Jun 08, 1925 28,000 ---------- TOTAL PLANT 85,150 Big Creek #2 Fresno 3 Dec 18, 1913 15,750 4 Jan 11, 1914 15,750 5 Feb 01, 1921 17,500 6 Mar 31, 1925 17,500 ---------- TOTAL PLANT 66,500 Big Creek #2A Fresno 1 Aug 06, 1928 55,000 2 Dec 21, 1928 55,000 ---------- TOTAL PLANT 110,000 Big Creek #3 Fresno & Madera1 Oct 03, 1923 34,000 2 Sep 30, 1923 34,000 3 Oct 05, 1923 34,000 4 Apr 28, 1948 36,000 5 Feb 24, 1980 36,450 ---------- TOTAL PLANT 174,450
Generator Name Location Unit Date of Plate Rating Name of Plant County No. Operation kW - ------------- --------- ----- -------------------------- NORTHERN REGION HYDROELECTRIC PLANTS: (continued) - ------------------------------------ Big Creek #4 Fresno & Madera1 Jun 12, 1951 50,000 2 Jul 02, 1951 50,000 ---------- TOTAL PLANT 100,000 Big Creek #8 Fresno 1 Aug 16, 1921 30,000 2 Jun 08, 1929 45,000 ---------- TOTAL PLANT 75,000 Kaweah #1 Tulare 1 May 25, 1929 2,250 Kaweah #2 Tulare 2 Sep 13, 1929 1,800 Kaweah #3 Tulare 1 May 29, 1913 2,400 2 May 29, 1913 2,400 ---------- TOTAL PLANT 4,800 Mammoth Pool Madera 1 Mar 28, 1960 95,000 2 Mar 28, 1960 95,000 ---------- TOTAL PLANT 190,000 Portal Fresno 1 Dec 22, 1956 10,800 John S. Eastwood Fresno 1 Dec 01, 1987 199,800 Tule River Tulare 1 Sep 14, 1909 1,260 2 Sep 14, 1909 1,260 ---------- TOTAL PLANT 2,520 ========== TOTAL NORTHERN REGION HYDRO PLANTS1,023,070 ---------------------------------- EASTERN REGION HYDROELECTRIC PLANTS: - ----------------------------------- Fontana San Bernardino1 Dec 22, 1917 1,475 2 Dec 22, 1917 1,475 ---------- TOTAL PLANT 2,950 Kern River #1 Kern 1 May 19, 1907 6,570 2 Jun 07, 1907 6,570 3 Jul 29, 1907 6,200 4 Jun 27, 1907 6,570 ---------- TOTAL PLANT 25,910 Kern River #3 Kern 1 May 13, 1921 20,500 2 Mar 22, 1921 19,670 ---------- TOTAL PLANT 40,170 Kern River-Borel Kern 1 Dec 31, 1904 3,000 2 Dec 31, 1904 3,000 3 Jan 23, 1932 6,000 ---------- TOTAL PLANT 12,000
PAGE 43
Generator Name Location Unit Date of Plate Rating Name of Plant County No. Operation kW - ------------- --------- ----- -------------------------- EASTERN REGION HYDROELECTRIC PLANTS: (continued) - ----------------------------------- Lytle Creek San Bernardino1 Oct 23, 1904 250 2 Sep 15, 1904 250 ---------- TOTAL PLANT 500 Ontario #1 Los Angeles 1 Dec 00, 1902 200 2 Dec 00, 1902 200 3 Dec 00, 1902 200 ---------- TOTAL PLANT 600 Ontario #2 Los Angeles 1 Jun 13, 1963 320 San Gorgonio #1 Riverside 1 Dec 05, 1923 1,500 San Gorgonio #2 Riverside 1 Dec 17, 1923 938 Santa Ana #1 San Bernardino1 Feb 14, 1899 800 2 Feb 10, 1899 800 3 Jan 09, 1899 800 4 Jan 10, 1899 800 ---------- TOTAL PLANT 3,200 Santa Ana #2 San Bernardino1 Jun 07, 1905 400 2 May 20, 1905 400 ---------- TOTAL PLANT 800 Santa Ana #3 San Bernardino1 Apr 01, 1947 1,200 Sierra Los Angeles 1 Jan 12, 1922 240 2 Feb 16, 1922 240 ---------- TOTAL PLANT 480 Mill Creek #1 San Bernardino1 Sep 07, 1893 800 Mill Creek #2 San Bernardino1 Aug 03, 1904 250 Mill Creek #3 San Bernardino3 Mar 20, 1903 1,000 4 Jan 23, 1904 1,000 5 Mar 03, 1904 1,000 ---------- TOTAL PLANT 3,000 Bishop Creek #2 Inyo 1 Nov 00, 1908 2,500 2 Nov 00, 1908 2,500 3 Jun 00, 1911 2,320 ---------- TOTAL PLANT 7,320 Bishop Creek #3 Inyo 1 Jun 12, 1913 2,750 2 Jun 12, 1913 2,340 3 Jun 12, 1913 2,500 ---------- TOTAL PLANT 7,590
PAGE 44
Generator Name Location Unit Date of Plate Rating Name of Plant County No. Operation kW - ------------- --------- ----- -------------------------- EASTERN REGION HYDRO PLANTS:(continued) - --------------------------------------- Bishop Creek #4 Inyo 1 Sep 20, 1905 1,000 2 Sep 20, 1905 1,000 3 1906 1,985 4 Oct 01, 1907 1,985 5 1909 1,985 ---------- TOTAL PLANT 7,955 Bishop Creek #5 Inyo 1 May 30, 1943 2,000 2 Jun 01, 1919 2,532 ---------- TOTAL PLANT 4,532 Bishop Creek #6 Inyo 1 Mar 12, 1913 1,600 Lundy Mono 1 Dec 09, 1911 1,500 2 Feb 02, 1912 1,500 ---------- TOTAL PLANT 3,000 Poole Mono 1 1924 11,250 Rush Creek Mono 1 Oct 17, 1916 4,400 2 Dec 11, 1917 4,000 ---------- TOTAL PLANT 8,400 ========== TOTAL EASTERN REGION HYDROELECTRIC PLANTS 146,265 ----------------------------------------- TOTAL HYDROELECTRIC PLANTS 1,169,335 - -------------------------- ========== OTHER: - ------ SYN FUEL,IGCC - DEMO: - --------------------- Cool Water Coal San Bernardino1 Jun 24, 1984 100,000 BATTERY STORAGE: - ---------------- Chino Battery Storage Chino 1 Jan 03, 1991 10,000 ---------- TOTAL OTHER: 110,000 - ------------ TOTAL SCE OWNED RESOURCES (MAIN SYSTEM): 15,947,573 ========================================== ==========
PAGE 45 ISOLATED SYSTEMS: - -----------------
Generator Name Location Unit Date of Plate Rating Name of Plant County No. Operation kW - ------------- -------- ---- --------- ----------- Pebbly Beach (Diesel)Los Angeles 7 Jul 03, 1958 1,000 (Catalina) 8 Jun 26, 1963 1,500 10 Jul 25, 1966 1,125 12 Jun 18, 1976 1,550 14 Oct 24, 1986 1,400 15 Dec 31, 1995 2,800 ---------- 9,375 Catalina Hydro Los Angeles 1 May 05, 1983 30 (Catalina) 2 Jul 24, 1985 22 3 Jul 24, 1985 57 ---------- 109 ========== TOTAL SCE OWNED RESOURCES: 9,484 - ----------------------------- TOTAL ISOLATED SYSTEMS RESOURCES: 9,484 ================================ ==========
Attached hereto as Exhibit A are the following financial statements dated as of December 31, 1997, or for the year then ended: PAGES - -------------------------------Part 2------------------------------ Edison International and Subsidiaries Consolidating Balance Sheet 51-56 Edison International and Subsidiaries Consolidating Statements of Income and Retained Earnings 57-59 Southern California Edison Company and Subsidiaries Consolidating Balance Sheet 60-65 Southern California Edison Company and Subsidiaries Consolidating Statements of Income and Retained Earnings 66-68 Southern California Edison Company and Subsidiaries Equity Investments 69 Edison Ventures and Subsidiaries Consolidating Balance Sheet 70-71 Edison Ventures and Subsidiaries Consolidating Statement of Income and Retained Earnings 72 The Mission Group Consolidating Balance Sheet 73-78 The Mission Group Consolidating Statements of Income and Retained Earnings 79-81 Edison Enterprises and Subsidiaries Consolidating Balance Sheet 82-87 Edison Enterprises and Subsidiaries Consolidating Statement of Income and Retained Earnings 88-90 Edison Select and Subsidiaries Consolidating Balance Sheet 91-94 Edison Select and Subsidiaries Consolidating Statement of Income and Retained Earnings 95-96 - -------------------------------Part 3------------------------------ Edison Capital and Subsidiaries Consolidating Balance Sheet (ASSETS) 97-127 - -------------------------------Part 4------------------------------ Edison Capital and Subsidiaries Consolidating Balance Sheet (LIABILITIES) 128-158 - -------------------------------Part 5------------------------------ Edison Capital and Subsidiaries Consolidating Statements of Income and Retained Earnings 159-189 - -------------------------------Part 6------------------------------ Edison Capital Equity Investments in Real Estate Limited Partnerships 190-342 - -------------------------------Part 7------------------------------ Mission Land Company and Subsidiaries Consolidating Balance Sheet 343-354 Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings 355-360 Mission Power Engineering Company and Subsidiaries Consolidating Balance Sheet 361-364 Mission Power Engineering Company and Subsidiaries Consolidating Statements of Income and Retained Earnings 365-366 - -------------------------------Part 8------------------------------ Edison Mission Energy and Subsidiaries Consolidating Balance Sheet 367-424 PAGES - -------------------------------Part 9------------------------------ Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings 425-453 Edison Mission Energy and Subsidiaries Equity Investments 454-465 Hanover Energy Company Consolidating Balance Sheet 466-469 Hanover Energy Company Consolidating Statements of Income and Retained Earnings 470-471 Mission Energy Fuel Company Consolidating Balance Sheet 472-477 Mission Energy Fuel Company Consolidating Statements of Income and Retained Earnings 478-480 - -------------------------------Part 10------------------------------ MEC International B.V. Consolidating Balance Sheet 481-498 MEC International B.V. Consolidating Statements of Income and Retained Earnings 499-507 MEC International B.V., Edison Mission Energy Asia Pte Ltd. Consolidating Balance Sheet 508-513 MEC International B.V., Edison Mission Energy Asia Pte Ltd. Consolidating Statements of Income and Retained Earnings 514-516 MEC International B.V., MEC Esenyurt B.V. Consolidating Balance Sheet 517-520 MEC International B.V., MEC Esenyurt B.V. Consolidating Statements of Income and Retained Earnings 521-522 MEC International B.V., MEC Wales B.V. Consolidating Balance Sheets and Consolidating Statements of Income and Retained Earnings 523-570 - -------------------------------Part 11------------------------------ MEC International B.V., MEC International Holdings B.V. Consolidating Balance Sheet 571-582 MEC International B.V., MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings 583-588 MEC International B.V., MEC International Holdings B.V., MEC Esenyurt B.V. Consolidating Balance Sheet 589-592 MEC International B.V., MEC International Holdings B.V., MEC Esenyurt B.V. Consolidating Statements of Income and Retained Earnings 593-594 MEC International Holdings B.V., MEC Wales B.V. Consolidating Balance Sheets and Consolidating Statements of Income and Retained Earnings 595-640 - -------------------------------Part 12------------------------------ MEC International B.V., Hydro Energy B.V. Consolidating 641-642 & Balance Sheet 651-652 MEC International B.V., Hydro Energy B.V. Consolidating Statements of Income and Retained Earnings 661-662 MEC International B.V., Hydro Energy B.V., Iberica de 643-644 & Energias, S.A. Consolidating Balance Sheet 653-654 MEC International B.V., Hydro Energy B.V., Iberica de Energias, S.A. Consolidating Statements of Income and Retained Earnings 663-664 MEC International B.V., Iberian Hy-Power Amsterdam B.V. 645-646 & Consolidating Balance Sheet 655-656 MEC International B.V., Iberian Hy-Power Amsterdam B.V. Consolidating Statements of Income and Retained Earnings 665-666 MEC International B.V., Iberian Hy-Power Amsterdam B.V., 647-648 & Hydro Energy B.V. Consolidating Balance Sheet 657-658 PAGES MEC International B.V., Iberian Hy-Power Amsterdam B.V., Hydro Energy B.V. Consolidating Statements of Income and Retained Earnings 667-668 Iberian Hy-Power Amsterdam B.V., Hydro Energy B.V., Iberica de Energias, S.A. Consolidating 649-650 & Balance Sheet 659-660 Iberian Hy-Power Amsterdam B.V., Hydro Energy B.V., Iberica de Energias, S.A. Consolidating Statements of Income and Retained Earnings 669-670 - -------------------------------Part 13------------------------------ MEC International B.V., Loy Yang Holdings Pty. Ltd. Consolidating Balance Sheet 671-676 MEC International B.V., Loy Yang Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings 677-679 MEC International B.V., Edison Mission Energy Holdings Pty. Ltd. Consolidating Balance Sheet 680-685 MEC International B.V., Edison Mission Energy Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings 686-688 Loy Yang Holdings Pty. Ltd., Latrobe Power Pty. Ltd. Consolidating Balance Sheet 689-692 Loy Yang Holdings Pty. Ltd., Latrobe Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings 693-694 MEC International B.V., Latrobe Power Pty. Ltd. Consolidating Balance Sheet 695-698 MEC International B.V., Latrobe Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings 699-700 Loy Yang Holdings Pty. Ltd., Edison Mission Energy Holdings Pty Ltd., Edison Mission Energy Australia Ltd. Consolidating Balance Sheet 701-704 Loy Yang Holdings Pty. Ltd., Edison Mission Energy Holdings Pty Ltd., Edison Mission Energy Australia Ltd. Consolidating Statements of Income and Retained Earnings 705-706 Loy Yang Holdings Pty. Ltd., Mission Energy Ventures Australia Pty. Ltd. Consolidating Balance Sheet 707-710 Loy Yang Holdings Pty. Ltd., Mission Energy Ventures Australia Pty. Ltd. Consolidating Statements of Income and Retained Earnings 711-712 MEC International B.V., Traralgon Power Pty. Ltd. Consolidating Balance Sheet 713-716 MEC International B.V., Traralgon Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings 717-718 Loy Yang Holdings Pty. Ltd., Latrobe Power Pty. Ltd. Consolidating Balance Sheet 719-722 Loy Yang Holdings Pty. Ltd., Latrobe Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings 723-724 - -------------------------------Part 14------------------------------ MEC International B.V., Pride Hold Limited Consolidating Balance Sheet 725-728 MEC International B.V., Pride Hold Limited Consolidating Statements of Income and Retained Earnings 729-730 MEC International B.V., Mission Energy Company (U.K.) Limited Consolidating Balance Sheet 731-736 PAGE 49 PAGES MEC International B.V., Mission Energy Company (U.K.) Limited Consolidating Statements of Income and Retained Earnings 737-739 Mission Energy Company (U.K.) Limited, Pride Hold Ltd. Consolidating Balance Sheet 740-743 Mission Energy Company (U.K.) Limited, Pride Hold Ltd. Consolidating Statements of Income and Retained Earnings 744-745 Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited Consolidating Balance Sheets and Consoli- dating Statements of Income and Retained Earnings 746-793 MEC International B.V. Equity Investments 794-797 Edison International and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Southern California The Mission Edison Edison Co. Group Ventures Consolidated Consolidated Consolidated =========================================================================================================== ASSETS =========================================================================================================== Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation $11,213,352 Accumulated provision for depreciation (5,573,742) Construction work in progress 492,614 ------------------------------------------------------ 6,132,224 ------------------------------------------------------ Generation: Utility plant, at original cost, not subject to cost-based rate regulation 9,522,127 Accumulated provision for depreciation and decommissioning (4,970,137) Construction work in progress 100,283 Nuclear fuel, at amortized cost 154,757 ------------------------------------------------------ 4,807,030 ------------------------------------------------------ Total utility plant 10,939,254 ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation 67,869 $3,110,280 Nuclear decommissioning trusts 1,831,460 Investments in partnerships and unconsolidated subsidiaries 1,407,954 Investments in leveraged leases 959,646 Other investments 171,399 ------------------------------------------------------ Total other property and investments 2,070,728 5,477,880 ------------------------------------------------------ Cash and equivalents 962,272 670,338 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 906,388 173,856 Fuel inventory 58,059 Materials and supplies, at average cost 132,980 Accumulated deferred income taxes - net 123,146 Regulatory balancing accounts 193,311 Prepayments and other current assets 93,098 34,968 ------------------------------------------------------ Total current assets 2,469,254 879,162 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense 359,304 Rate phase-in plan 3,777 Income tax-related deferred charges 1,543,380 Other deferred charges 673,601 569,026 $2,406 ------------------------------------------------------ Total deferred charges 2,580,062 569,026 2,406 ------------------------------------------------------ TOTAL ASSETS $18,059,298 $6,926,068 $2,406 ======================================================
Edison International and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Insurance Edison Consolidating Services, Inc. International Adjustments ============================================================================================================ ASSETS ============================================================================================================ Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation Accumulated provision for depreciation Construction work in progress Generation: Utility plant, at original cost, not subject to cost-based rate regulation Accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $226 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 5,128,793 ($5,128,793) Investments in leveraged leases Other investments $21,927 ------------------------------------------------------ Total other property and investments 21,927 5,129,019 (5,128,793) ------------------------------------------------------ Cash and equivalents 292 273,603 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 137,571 (140,144) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 218 398 (22,871) ------------------------------------------------------ Total current assets 510 411,572 (163,015) ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan (3,777) Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 118 (154,266) ------------------------------------------------------ Total deferred charges 118 (158,043) ------------------------------------------------------ TOTAL ASSETS $22,437 $5,540,709 ($5,449,851) ======================================================
Edison International and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison International Consolidated =========================================================================================================== ASSETS =========================================================================================================== Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation $11,213,352 Accumulated provision for depreciation (5,573,742) Construction work in progress 492,614 ------------------------------------------------------ 6,132,224 ------------------------------------------------------ Generation: Utility plant, at original cost, not subject to cost-based rate regulation 9,522,127 Accumulated provision for depreciation and decommissioning (4,970,137) Construction work in progress 100,283 Nuclear fuel, at amortized cost 154,757 ------------------------------------------------------ 4,,807,030 ------------------------------------------------------ Total utility plant 10,939,254 ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation 3,178,375 Nuclear decommissioning trusts 1,831,461 Investments in partnerships and unconsolidated subsidiaries 1,407,954 Investments in leveraged leases 959,646 Other investments 193,325 ------------------------------------------------------ Total other property and investments 7,570,761 ------------------------------------------------------ Cash and equivalents 1,906,505 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1,077,671 Fuel inventory 58,059 Materials and supplies, at average cost 132,980 Accumulated deferred income taxes - net 123,146 Regulatory balancing accounts 193,311 Prepayments and other current assets 105,811 ------------------------------------------------------ Total current assets 3,597,483 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense 359,304 Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges 1,543,380 Other deferred charges 1,090,885 ------------------------------------------------------ Total deferred charges 2,993,569 ------------------------------------------------------ TOTAL ASSETS $25,101,067 ======================================================
PAGE 53 Edison International and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Southern California The Mission Edison Edison Co. Group Ventures Consolidated Consolidated Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $2,168,054 $147,866 Additional Paid in Capital 334,031 816,877 $2,406 Cumulative Translation Adjustments, Net 30,456 Unrealized gain in equity investments-net 48,023 Retained earnings 1,407,834 249,980 ------------------------------------------------------ 3,957,942 1,245,179 2,406 Preferred securities of subsidiaries: Not subject to mandatory redemption 183,755 Subject to mandatory redemption 275,000 150,000 Long-term debt 6,144,597 2,726,184 ------------------------------------------------------ Total capitalization 10,561,294 4,121,363 2,406 ------------------------------------------------------ Other long-term liabilities 479,637 ------------------------------------------------------ Current portion of long-term debt 692,875 175,151 Short-term debt 322,028 Accounts payable 406,704 85,096 Accrued taxes 509,270 91,857 Accrued interest 85,406 46,479 Dividends payable 95,146 Regulatory balancing accounts--net Deferred unbilled revenue and other current liabilities 931,856 352,315 ------------------------------------------------------ Total current liabilities 3,043,285 750,898 ------------------------------------------------------ Accumulated deferred income taxes - net 2,939,471 1,137,595 Accumulated deferred investment tax credits 326,728 23,957 Customer advances and other deferred credits 708,745 883,302 ------------------------------------------------------ Total deferred credits 3,974,944 2,044,854 ------------------------------------------------------ Minority interest 138 8,953 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $18,059,298 $6,926,068 $2,406 ======================================================
Edison International and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Insurance Edison Consolidating Services, Inc. International Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $1 $2,260,974 ($2,315,921) Additional Paid in Capital 1,729 (1,155,043) Cumulative Translation Adjustments, Net Unrealized gain in equity investments-net 12,007 Retained earnings 15 3,175,883 (1,657,829) ------------------------------------------------------ 13,752 5,436,857 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 13,752 5,436,857 (5,128,793) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt 7,522 Accounts payable 23,366 (74,117) Accrued taxes 12 (24,298) Accrued interest Dividends payable 93,941 (93,941) Regulatory balancing accounts--net Deferred unbilled revenue and other current liabilities 483 1,025 ------------------------------------------------------ Total current liabilities 495 101,556 (168,058) ------------------------------------------------------ Accumulated deferred income taxes - net 8,190 40 Accumulated deferred investment tax credits Customer advances and other deferred credits 2,256 (153,000) ------------------------------------------------------ Total deferred credits 8,190 2,296 (153,000) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $22,437 $5,540,709 ($5,449,851) ======================================================
Edison International and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison International Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $2,260,974 Additional Paid in Capital Cumulative Translation Adjustments, Net 30,456 Unrealized gain in equity investments-net 60,030 Retained earnings 3,175,883 ------------------------------------------------------ 5,527,343 Preferred securities of subsidiaries: Not subject to mandatory redemption 183,755 Subject to mandatory redemption 425,000 Long-term debt 8,870,781 ------------------------------------------------------ Total capitalization 15,006,879 ------------------------------------------------------ Other long-term liabilities 479,637 ------------------------------------------------------ Current portion of long-term debt 868,026 Short-term debt 329,550 Accounts payable 441,049 Accrued taxes 576,841 Accrued interest 131,885 Dividends payable 95,146 Regulatory balancing accounts--net Deferred unbilled revenue and other 1,285,679 ------------------------------------------------------ Total current liabilities 3,728,176 ------------------------------------------------------ Accumulated deferred income taxes - net 4,085,296 Accumulated deferred investment tax credits 350,685 Customer advances and other deferred credits 1,441,303 ------------------------------------------------------ Total deferred credits 5,877,284 ------------------------------------------------------ Minority interest 9,091 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $25,101,067 ======================================================
Edison International and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Southern California The Mission Edison EnvestSce Edison Co. Group Ventures Catalina Consolidated Consolidated Consolidated EPTC Taxes ============================================================================================================ Electric utility revenue $7,953,386 Diversified operations $1,281,820 -------------------------------------------------------------- Total operating revenue 7,953,386 1,281,820 -------------------------------------------------------------- Fuel 881,471 192,325 Purchased power 2,854,002 Provisions for regulatory adjustment clauses - net (410,935) Other operating expenses 1,212,468 548,880 Maintenance 405,545 734 Depreciation and decommissioning 1,239,878 122,233 Income taxes 582,031 (27,277) Property and other taxes 129,038 5,095 -------------------------------------------------------------- Total operating expenses 6,893,498 841,990 -------------------------------------------------------------- Operating income 1,059,888 439,830 -------------------------------------------------------------- Provision for rate phase-in plan (48,486) Allowance for equity funds used during construction 7,651 Interest income 44,636 41,380 Minority interest (38,825) Other nonoperating income - net (23,036) (37,948) -------------------------------------------------------------- Total other income (deductions) - net (19,235) (35,393) -------------------------------------------------------------- Income before interest and other expense 1,040,653 404,437 -------------------------------------------------------------- Interest on long-term debt 345,592 244,734 Other interest expense 101,078 8,726 Allowance for borrowed funds used during construction (9,213) Capitalized interest (2,398) (12,539) Dividends on subsidiary preferred securities 29,488 13,167 -------------------------------------------------------------- Total interest and other expenses - net 464,547 254,088 -------------------------------------------------------------- NET INCOME 576,107 150,349 Retained earnings - beginning of year 2,665,612 474,631 Dividends declared on common stock (1,833,884) (375,000) Stock repurchase and retirement -------------------------------------------------------------- Retained earnings - end of year $1,407,834 $249,980 ==============================================================
Edison International and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands) CAPTION> Edison Insurance Edison Consolidating Services, Inc. International Adjustments ============================================================================================================ Electric utility revenue Diversified operations $68 $38,648 ($38,870) ------------------------------------------------------ Total operating revenue 68 38,648 (38,870) ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 41 58,594 (38,870) Maintenance Depreciation and decommissioning 30 Income taxes 12 (17,918) Property and other taxes ------------------------------------------------------ Total operating expenses 53 40,706 (38,870) ------------------------------------------------------ Operating income 15 (2,058) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 6,274 Minority interest Other nonoperating income - net (1) ------------------------------------------------------ Total other income (deductions) - net 15 6,273 ------------------------------------------------------ Income before interest and other expense 4,215 ------------------------------------------------------ Interest on long-term debt 1,825 (7,576) Other interest expense 29,004 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 30,829 (7,576) ------------------------------------------------------ NET INCOME 15 (26,614) Retained earnings - beginning of year 3,752,549 (3,140,243) Dividends declared on common stock 1,813,981 Stock repurchase and retirement (550,052) (331,567) ------------------------------------------------------ Retained earnings - end of year $15 $3,175,883 ($1,657,829) ======================================================
Edison International and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison International Consolidated ============================================================================================================ Electric utility revenue $7,953,386 Diversified operations 1,281,666 ------------------------------------------------------ Total operating revenue 9,235,052 ------------------------------------------------------ Fuel 1,073,796 Purchased power 2,854,002 Provisions for regulatory adjustment clauses - net (410,935) Other operating expenses 1,781,113 Maintenance 406,279 Depreciation and decommissioning 1,362,141 Income taxes 536,848 Property and other taxes 134,133 ------------------------------------------------------ Total operating expenses 7,737,377 ------------------------------------------------------ Operating income 1,497,675 ------------------------------------------------------ Provision for rate phase-in plan (48,486) Allowance for equity funds used during construction 7,651 Interest income 84,714 Minority interest (38,960) Other nonoperating income - net (60,850) ------------------------------------------------------ Total other income (deductions) - net (55,931) ------------------------------------------------------ Income before interest and other expense 1,441,744 ------------------------------------------------------ Interest on long-term debt 584,575 Other interest expense 138,808 Allowance for borrowed funds used during construction (9,213) Capitalized interest (14,937) Dividends on subsidiary preferred securities 42,655 ------------------------------------------------------ Total interest and other expenses - net 741,888 ------------------------------------------------------ NET INCOME 699,856 Retained earnings - beginning of year 3,752,549 Dividends declared on common stock (394,903) Stock repurchase and retirement (881,619) ------------------------------------------------------ Retained earnings - end of year $3,175,883 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
California Electric Conservation Energy Power Financing Services, Company Corporation Inc. ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation Accumulated provision for depreciation Construction work in progress Generation: Utility plant, at original cost, not subject to cost-based rate regulation Accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $56 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 56 ------------------------------------------------------ Cash and equivalents $922 1,006 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1,453 3,404 Fuel inventory Materials and supplies, at average cost 82 Accumulated deferred income taxes - net Prepayments and other current assets 2,132 ------------------------------------------------------ Total current assets 2,375 6,624 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 151,000 ------------------------------------------------------ Total deferred charges 151,000 ------------------------------------------------------ TOTAL ASSETS $153,375 $6,680 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
SCE SCE Southern Mono Power Capital Funding States Company Company LLC Realty ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation Accumulated provision for depreciation Construction work in progress Generation: Utility plant, at original cost, not subject to cost-based rate regulation Accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost --------------------------------------------------- Total utility plant --------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $818 $69 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments 43 --------------------------------------------------- Total other property and investments 818 112 --------------------------------------------------- Cash and equivalents 159 $18,871 609 Receivables, including unbilled revenue, net of allowance for uncollectible accounts $200,004 9,429 8 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net 3 Prepayments and other current assets 864 --------------------------------------------------- Total current assets 159 200,004 28,300 1,484 --------------------------------------------------- Unamortized debt issuance and reacquisition expense 340 2,456,732 Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (4,682) 401 --------------------------------------------------- Total deferred charges (4,342) 2,456,732 401 --------------------------------------------------- TOTAL ASSETS $977 $195,662 $2,485,032 $1,997 ===================================================
Southern California Edison Co. and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Southern Southern California California Consolidating Edison Co. Edison Co. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Transmission and distribution: Utility plant, at original cost, subject to cost-based rate regulation $11,213,352 $11,213,352 Accumulated provision for depreciation 5,573,742 5,573,742 Construction work in progress 492,614 492,614 ------------------------------------------------------- 6,132,224 6,132,224 ------------------------------------------------------- Generation: Utility plant, at original cost, not subject to cost-based rate regulation 9,522,127 9,522,127 Accumulated provision for depreciation and decommissioning 4,970,137 4,970,137 Construction work in progress 100,283 100,283 Nuclear fuel, at amortized cost 154,757 154,757 ------------------------------------------------------- 4,807,030 4,807,030 ------------------------------------------------------ Total utility plant 10,939,254 10,939,254 ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation 66,926 67,869 Nuclear decommissioning trusts 1,831,460 1,831,460 Investments in partnerships and unconsolidated subsidiaries 15,816 ($15,816) Investments in leveraged leases Other investments 171,356 171,399 ------------------------------------------------------ Total other property and investments 2,085,558 (15,816) 2,070,728 ------------------------------------------------------ Cash and equivalents 940,705 962,272 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 907,442 215,352 906,388 Fuel inventory 58,059 58,059 Materials and supplies, at average cost 132,898 132,980 Accumulated deferred income taxes - net 123,143 123,146 Regulatory balancing accounts 193,311 Prepayments and other current assets 90,102 93,098 ------------------------------------------------------ Total current assets 2,445,660 215,352 2,469,254 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense 346,282 (2,444,050) 359,304 Rate phase-in plan 3,777 3,777 Unamortized nuclear plant--net Income tax-related deferred charges 1,543,380 1,543,380 Other deferred charges 522,200 (4,682) 673,601 ---------------------------------------------------- Total deferred charges 2,415,639 (2,439,368) 2,580,062 ------------------------------------------------------ TOTAL ASSETS $17,886,111 ($2,670,536) $18,059,298 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
California Electric Conservation Energy Power Financing Services Company Corporation Inc. ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock $23 Additional Paid in Capital $100 Cumulative translation adjustment-net Unrealized gain in equity investments-net Retained earnings 899 1,917 ------------------------------------------------------ 922 2,017 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 922 2,017 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 1,710 3,680 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other (3) (16) ------------------------------------------------------ Total current liabilities 1,707 3,664 ------------------------------------------------------ Accumulated deferred income taxes - net 751 863 Accumulated deferred investment tax credits Customer advances and other deferred credits 149,857 136 ------------------------------------------------------ Total deferred credits 150,608 999 ------------------------------------------------------ Minority interest 138 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $153,375 $6,680 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
SCE SCE Southern Mono Power Capital Funding States Company Company LLC Realty ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock $20 Additional Paid in Capital $2,749 100 $13,240 $620 Cumulative Translation Adjustments, Net Unrealized gain in equity investments-net Retained earnings (2,694) (2,195) 59 978 --------------------------------------------------- 55 (2,075) 13,299 1,598 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 195,658 2,216,011 --------------------------------------------------- Total capitalization 55 193,583 2,229,310 1,598 --------------------------------------------------- Other long-term liabilities --------------------------------------------------- Current portion of long-term debt Short-term debt 246,300 Accounts payable 104 1,464 14 (3) Accrued taxes Accrued interest 615 9,408 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other --------------------------------------------------- Total current liabilities 104 2,079 255,722 (3) --------------------------------------------------- Accumulated deferred income taxes - net 402 Accumulated deferred investment tax credits Customer advances and other deferred credits 818 --------------------------------------------------- Total deferred credits 818 402 --------------------------------------------------- Minority interest --------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $977 $195,662 $2,485,032 $1,997 ===================================================
Southern California Edison Co. and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Southern Southern California California Consulating Edison Co. Edison Co. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $2,168,054 ($20) $2,168,054 Additional Paid in Capital 334,031 (5,754) 334,031 Cumulative Translation Adjustments, Net Unrealized gain in equity investments-net 48,023 48,023 Retained earnings 1,407,834 2,595 1,407,834 ------------------------------------------------------ 3,957,942 (15,816) 3,957,942 Preferred securities of subsidiaries: Not subject to mandatory redemption 183,755 183,755 Subject to mandatory redemption 275,000 275,000 Long-term debt 6,372,296 (2,639,368) 6,144,597 ------------------------------------------------------ Total capitalization 10,788,993 (2,655,184) 10,561,294 ------------------------------------------------------ Other long-term liabilities 479,637 479,637 ------------------------------------------------------ Current portion of long-term debt 446,575 692,875 Short-term debt 322,028 322,028 Accounts payable 415,087 15,352 406,704 Accrued taxes 504,270 509,270 Accrued interest 75,383 85,406 Dividends payable 95,146 95,146 Regulatory balancing accounts--net Deferred unbilled revenue and other 931,875 931,856 ------------------------------------------------------ Total current liabilities 2,795,364 15,352 3,043,285 ------------------------------------------------------ Accumulated deferred income taxes - net 2,937,455 2,939,471 Accumulated deferred investment tax credits 326,728 326,728 Customer advances and other deferred credits 557,934 708,745 ------------------------------------------------------ Total deferred credits 3,822,117 3,974,944 ------------------------------------------------------ Minority interest 138 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $17,886,111 ($204,842) $18,059,298 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
California Electric Conservation Energy Power Financing Services Company Corporation Inc. ============================================================================================================ (Inactive) Electric utility revenue $17,476 Diversified operations ------------------------------------------------------ Total operating revenue 17,476 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $7 16,751 Maintenance Depreciation and decommissioning Income taxes 712 416 Property and other taxes ------------------------------------------------------ Total operating expenses 719 17,167 ------------------------------------------------------ Operating income (719) 309 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,753 45 Minority interest (135) Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 1,618 45 ------------------------------------------------------ Income before interest and other expenses 899 354 ------------------------------------------------------ Interest on long-term debt Other interest expense 158 Allowance for borrowed funds used during construction Capitalized interest Dividends on preferred securities ------------------------------------------------------ Total interest and other expenses - net 158 ------------------------------------------------------ NET INCOME 899 196 Retained earnings - beginning of year 1,721 Dividends declared on stock ------------------------------------------------------ Retained earnings - end of year $899 $1,917 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Statement of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
SCE SCE Southern Mono Power Capital Funding States Company Company LLC Realty ============================================================================================================ (Inactive) Electric utility revenue $9 $9,408 $3,211 Diversified operations --------------------------------------------------- Total operating revenue 9 9,408 3,211 ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 9 $12 2 2,258 Maintenance 827 Depreciation and decommissioning Income taxes (4) 42 Property and other taxes --------------------------------------------------- Total operating expenses 9 8 2 3,127 --------------------------------------------------- Operating income (8) 9,406 84 --------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 15,536 61 Minority interest Other nonoperating income - net (1) (1) --------------------------------------------------- Total other income (deductions) - net 15,536 60 (1) --------------------------------------------------- Income before interest and other expenses 15,528 9,466 83 --------------------------------------------------- Interest on long-term debt 15,536 9,408 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on preferred stock --------------------------------------------------- Total interest and other expenses - net 15,536 9,408 --------------------------------------------------- NET INCOME (8) 58 83 Retained earnings - beginning of year (2,694) (2,187) 895 Dividends declared on stock --------------------------------------------------- Retained earnings - end of year ($2,694) ($2,195) $58 $978 ===================================================
Southern California Edison Co. and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Southern Southern California California Consolidating Edison Co. Edison Co. Adjustments Consolidated ============================================================================================================ Electric utility revenue $7,933,440 ($10,158) $7,953,386 Diversified operations ------------------------------------------------------ Total operating revenue 7,933,440 (10,158) 7,953,386 ------------------------------------------------------ Fuel 881,475 (4) 881,471 Purchased power 2,854,002 2,854,002 Provisions for regulatory adjustment clauses - net (410,935) (410,935) Other operating expenses 1,193,348 81 1,212,468 Maintenance 405,545 405,545 Depreciation and decommissioning 1,239,879 1,239,878 Income taxes 580,865 582,031 Property and other taxes 129,039 129,038 ------------------------------------------------------ Total operating expenses 6,873,218 (752) 6,893,498 ------------------------------------------------------ Operating income 1,060,222 (9,406) 1,059,888 ------------------------------------------------------ Provision for rate phase-in plan (48,486) (48,486) Allowance for equity funds used during construction 7,651 7,651 Interest income 42,935 (15,694) 44,636 Minority interest Other nonoperating income - net (23,200) 166 (23,036) ------------------------------------------------------ Total other income (deductions) - net (21,100) (15,393) (19,235) ------------------------------------------------------ Income before interest and other expenses 1,039,423 (25,100) 1,040,653 ------------------------------------------------------ Interest on long-term debt 345,593 (24,944) 345,592 Other interest expense 101,078 (158) 101,078 Allowance for borrowed funds used during construction (9,213) (9,213) Capitalized interest (2,398) (2,398) Dividends on preferred stocks 29,488 29,488 ------------------------------------------------------ Total interest and other expenses - net 464,548 (25,102) 464,548 ------------------------------------------------------ NET INCOME 574,875 3 576,106 Retained earnings - beginning of year 2,665,612 2,265 2,665,612 Dividends declared on stock (1,833,884) (1,833,884) ------------------------------------------------------ Retained earnings - end of year $1,407,834 $2,268 $1,407,834 ======================================================
Southern California Edison Company and Subsidiaries Equity Investments December 31, 1997
Mono Power Company ===================================================================== ===================================================================== Name of Entity: Bear Creek Uranium Company Ownership Interest: 50% Nature/Purpose of Business: (a) Ownership Interest in (000): Assets Revenue Net Income
(a) To develop and operate an integrated uranium mining complex in Wyoming. Edison Ventures and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Edison Consolidating Ventures TransEnergy Ventures Adjustments Consolidated ============================================================================================================== ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning --------------------------------------------------------- Construction work in progress Nuclear fuel, at amortized cost --------------------------------------------------------- Total utility plant --------------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments --------------------------------------------------------- Total other property and investments --------------------------------------------------------- Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets --------------------------------------------------------- Total current assets --------------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges $2,406 ---------------------------------------------------------- Total deferred charges 2,406 ---------------------------------------------------------- TOTAL ASSETS $2,406 ==========================================================
PAGE 70 Edison Ventures and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Edison Consolidating Ventures TransEnergy Ventures Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $2,406 Retained earnings Cumulative Translation Adjustments, Net --------------------------------------------------------- 2,406 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt --------------------------------------------------------- Total capitalization 2,406 --------------------------------------------------------- Other long-term liabilities --------------------------------------------------------- Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other --------------------------------------------------------- Total current liabilities --------------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits --------------------------------------------------------- Total deferred credits --------------------------------------------------------- Minority interest --------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $2,406 =========================================================
Edison Ventures and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Edison Edison Consolidating Ventures TransEnergy Ventures Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations --------------------------------------------------------- Total operating revenue --------------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes --------------------------------------------------------- Total operating expenses --------------------------------------------------------- Operating income --------------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net --------------------------------------------------------- Total other income (deductions) - net --------------------------------------------------------- Income before interest and other expenses --------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities --------------------------------------------------------- Total interest and other expenses - net --------------------------------------------------------- NET INCOME Retained Earnings - beginning of year Dividends declared on common stock -------------------------------------------------------- Retained Earnings - end of year ========================================================
The Mission Group Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison The Mission Technology Enterprises Group Solutions Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $6,602 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments $1,046,370 ------------------------------------------------------ Total other property and investments 1,046,370 6,602 ------------------------------------------------------ Cash and equivalents 619 1,228 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 12,951 5,079 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 665 ------------------------------------------------------ Total current assets 13,570 6,972 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 10,600 5,619 ------------------------------------------------------- Total deferred charges 10,600 5,619 ------------------------------------------------------- TOTAL ASSETS $1,070,540 $19,193 =======================================================
The Mission Group Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Power Edison Land Engineering Capital Company Company Consolidated Consolidated Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $39,321 $122,605 $765 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 490,200 Investments in leveraged leases 959,646 Other investments ------------------------------------------------------ Total other property and investments 1,489,167 122,605 765 ------------------------------------------------------ Cash and equivalents 79,999 2,609 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 87,505 4,931 1 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1,752 169 ------------------------------------------------------ Total current assets 169,256 7,709 1 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 124,813 17,538 413 ------------------------------------------------------- Total deferred charges 124,813 17,538 413 ------------------------------------------------------- TOTAL ASSETS $1,783,236 $147,852 $1,179 =======================================================
The Mission Group Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission The Mission Energy Consolidating Group Consolidated Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning --------------------------------------------------------- Construction work in progress Nuclear fuel, at amortized cost --------------------------------------------------------- Total utility plant --------------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $2,940,987 $3,110,280 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 919,789 ($2,035) 1,407,954 Investments in leveraged leases 959,646 Other investments (1,046,370) --------------------------------------------------------- Total other property and investments 3,860,776 (1,048,405) 5,477,880 --------------------------------------------------------- Cash and equivalents 585,883 670,338 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 99,193 (12,933) 173,856 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 9,511 34,968 --------------------------------------------------------- Total current assets 694,587 (12,933) 879,162 --------------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 429,782 (19,739) 569,026 ---------------------------------------------------------- Total deferred charges 429,782 (19,739) 569,026 ---------------------------------------------------------- TOTAL ASSETS $4,985,145 ($1,081,077) $6,926,068 ==========================================================
The Mission Group Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison The Mission Technology Enterprises Group Solutions Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $147,866 Additional Paid in Capital 816,877 $47 Cumulative Translation Adjustments, Net Unrealized gain in equity investments-net Retained earnings 100,600 (36,200) ------------------------------------------------------ 1,065,343 (36,153) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 1,065,343 (36,153) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 480 45,088 Accrued taxes 66 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 4,717 8,288 ------------------------------------------------------ Total current liabilities 5,197 53,442 ------------------------------------------------------ Accumulated deferred income taxes - net 656 Accumulated deferred investment tax credits Customer advances and other deferred credits 1,248 ------------------------------------------------------ Total deferred credits 1,904 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,070,540 $19,193 ======================================================
The Mission Group Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Power Edison Land Engineering Capital Company Company Consolidated Consolidated Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $3,000 Additional Paid in Capital $80,597 $142,984 Cumulative Translation Adjustments, Net 10 Unrealized gain in equity investments-net Retained earnings 221,780 888 (12,451) ------------------------------------------------------ 302,387 143,872 (9,451) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt 272,063 ------------------------------------------------------ Total capitalization 574,450 143,872 (9,451) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 99,768 Short-term debt Accounts payable 9,955 346 1 Accrued taxes 195 Accrued interest 4,933 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 216,238 401 ------------------------------------------------------ Total current liabilities 330,894 942 1 ------------------------------------------------------ Accumulated deferred income taxes - net 684,620 Accumulated deferred investment tax credits Customer advances and other deferred credits 193,421 3,038 10,629 ------------------------------------------------------ Total deferred credits 878,041 3,038 10,629 ------------------------------------------------------ Minority interest (149) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,783,236 $147,852 $1,179 ======================================================
The Mission Group Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission The Mission Energy Consolidating Group Consolidated Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $64,130 ($67,130) $147,866 Additional Paid in Capital 629,406 (853,034) 816,877 Cumulative Translation Adjustments, Net 30,446 30,456 Unrealized gain in equity investments-net Retained earnings 102,620 (127,257) 249,980 --------------------------------------------------------- 826,602 (1,047,421) 1,245,179 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership 150,000 150,000 Long-term debt 2,454,121 2,726,184 --------------------------------------------------------- Total capitalization 3,430,723 (1,047,421) 4,121,363 --------------------------------------------------------- Other long-term liabilities --------------------------------------------------------- Current portion of long-term debt and redeemable preferred stock 75,383 175,151 Short-term debt Accounts payable 38,446 (10,301) 84,015 Accrued taxes 91,596 91,857 Accrued interest 42,627 47,560 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 122,671 352,315 --------------------------------------------------------- Total current liabilities 370,723 (10,301) 750,898 --------------------------------------------------------- Accumulated deferred income taxes - net 462,513 (10,194) 1,137,595 Accumulated deferred investment tax credits 23,957 23,957 Customer advances and other deferred credits 688,127 (13,161) 883,302 --------------------------------------------------------- Total deferred credits 1,174,597 (23,355) 2,044,854 --------------------------------------------------------- Minority interest 9,102 8,953 --------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $4,985,145 ($1,081,077) $6,926,068 =========================================================
The Mission Group Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Edison The Mission Technology Enterprises Group Solutions Consolidated ============================================================================================================ Electric utility revenue Diversified operations $60,173 ------------------------------------------------------ Total operating revenue 60,173 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $351 100,750 Maintenance Depreciation and decommissioning 1,345 Income taxes (140) (16,808) Property and other taxes ------------------------------------------------------ Total operating expenses 211 85,287 ------------------------------------------------------ Operating income (211) (25,114) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2 Minority interest Taxes on nonoperating income (1) Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 1 ------------------------------------------------------ Income before interest and other expenses (210) (25,114) ------------------------------------------------------ Interest on long-term debt Other interest expense 1,223 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 1,223 ------------------------------------------------------ NET INCOME (210) (26,337) Retained Earnings - beginning of year 366,628 (9,863) Deduct - Dividends on Common Stock and Other (265,818) ------------------------------------------------------ Retained Earnings - end of year $100,600 ($36,200) ======================================================
The Mission Group Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Mission Power Edison Land Engineering Capital Company Company Consolidated Consolidated Consolidated ============================================================================================================ Electric utility revenue Diversified operations $140,332 $106,108 ------------------------------------------------------ Total operating revenue 140,332 106,108 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 61,532 100,670 Maintenance 734 Depreciation and decommissioning 16,775 1,318 $1 Income taxes (37,671) (788) (9) Property and other taxes 4,680 23 ------------------------------------------------------ Total operating expenses 40,636 106,614 15 ------------------------------------------------------ Operating income 99,696 (506) (15) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 3,798 1,870 1 Minority interest 33 Taxes on nonoperating income 6,539 (645) (25) Other nonoperating income - net (19,844) 166 61 ------------------------------------------------------ Total other income (deductions) - net (9,474) 1,391 37 ------------------------------------------------------ Income before interest and other expenses 90,222 885 22 ------------------------------------------------------ Interest on long-term debt 22,044 (3) Other interest expense 7,346 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 29,390 (3) ------------------------------------------------------ NET INCOME 60,832 888 22 Retained Earnings - beginning of year 160,948 45,576 (12,473) Deduct - Dividends on Common Stock and Other (45,576) ----------------------------------------------------- Retained Earnings - end of year $221,780 $888 ($12,451) ======================================================
The Mission Group Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Mission The Mission Energy Consolidating Group Consolidated Adjustments Consolidated ============================================================================================================ Electric utility revenue $744,675 $744,675 Diversified operations 230,316 $216 537,145 --------------------------------------------------------- Total operating revenue 974,991 216 1,281,820 --------------------------------------------------------- Fuel 192,325 192,325 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 285,577 548,880 Maintenance 734 Depreciation and decommissioning 102,794 122,233 Income taxes 28,051 88 (27,277) Property and other taxes 392 5,095 --------------------------------------------------------- Total operating expenses 609,139 88 841,990 --------------------------------------------------------- Operating income 365,852 128 439,830 --------------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 35,709 41,380 Minority interest (38,858) (38,825) Taxes on nonoperating income (29,312) (23,444) Other nonoperating income - net 5,113 (14,504) --------------------------------------------------------- Total other income (deductions) - net (27,348) (35,393) --------------------------------------------------------- Income before interest and other expenses 338,504 128 404,437 --------------------------------------------------------- Interest on long-term debt 222,693 244,734 Other interest expense 157 8,726 Allowance for borrowed funds used during construction Capitalized interest (12,539) (12,539) Dividends on subsidiary preferred securities 13,167 13,167 --------------------------------------------------------- Total interest and other expenses - net 223,478 254,088 --------------------------------------------------------- NET INCOME 115,026 128 150,349 Retained Earnings - beginning of year 262,594 (338,779) 474,631 Deduct - Dividends on Common Stock and Other (275,000) 211,394 (375,000) -------------------------------------------------------- Retained Earnings - end of year $102,620 ($127,257) $249,980 ========================================================
Edison Enterprises Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Enterprises Edison EV Source ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,232 $574 $3,344 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,232 574 3,344 ------------------------------------------------------ Cash and equivalents 221 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1,319 2,456 10,083 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 7 404 167 ------------------------------------------------------ Total current assets 1,326 3,081 10,250 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 1,666 2 2,914 ------------------------------------------------------ Total deferred charges 1,666 2 2,914 ------------------------------------------------------ TOTAL ASSETS $4,224 $3,657 $16,508 =======================================================
PAGE 82 Edison Enterprises Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Select Utility Consolidating Consolidated Services Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,452 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,452 ------------------------------------------------------ Cash and equivalents 1,007 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2,721 ($11,500) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 87 ------------------------------------------------------ Total current assets 3,815 (11,500) ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 1,037 ------------------------------------------------------- Total deferred charges 1,037 ------------------------------------------------------- TOTAL ASSETS $6,304 ($11,500) =======================================================
Edison Enterprises Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Enterprises Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $6,602 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 6,602 ------------------------------------------------------ Cash and equivalents 1,228 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,079 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 665 ------------------------------------------------------ Total current assets 6,972 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 5,619 ------------------------------------------------------- Total deferred charges 5,619 ------------------------------------------------------- TOTAL ASSETS $19,193 =======================================================
Edison Enterprises Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Enterprises Edison EV Source ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $47 Additional Paid in Capital Cumulative Translation Adjustments, Net Unrealized gain in equity investments-net Retained earnings ($3,968) ($3,684) (20,324) ------------------------------------------------------ Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (3,968) (3,684) (20,277) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 7,007 6,239 31,340 Accrued taxes 41 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 1,033 1,156 4,915 ------------------------------------------------------ Total current liabilities 8,040 7,436 36,255 ------------------------------------------------------ Accumulated deferred income taxes - net 152 (95) 445 Accumulated deferred investment tax credits Customer advances and other deferred credits 85 ------------------------------------------------------ Total deferred credits 152 (95) 530 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $4,224 $3,657 $16,508 ======================================================
PAGE 85 Edison Enterprises Consolidating Balance Sheet December 31, 1997 (In Thousands)
Edison Edison Select Utility Consolidating Consolidated Services Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Cumulative Translation Adjustments, Net Unrealized gain in equity investments-net Retained earnings ($8,224) ------------------------------------------------------ Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (8,224) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 12,002 ($11,500) Accrued taxes 25 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 1,184 ------------------------------------------------------ Total current liabilities 13,211 (11,500) ------------------------------------------------------ Accumulated deferred income taxes - net 154 Accumulated deferred investment tax credits Customer advances and other deferred credits 1,163 ------------------------------------------------------ Total deferred credits 1,317 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $6,304 ($11,500) ======================================================
Edison Enterprises Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Enterprises Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $47 Cumulative Translation Adjustments, Net Unrealized gain in equity investments-net Retained earnings (36,200) ------------------------------------------------------ (36,153) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (36,153) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 45,088 Accrued taxes 66 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 8,288 ------------------------------------------------------ Total current liabilities 53,442 ------------------------------------------------------ Accumulated deferred income taxes - net 656 Accumulated deferred investment tax credits Customer advances and other deferred credits 1,248 ------------------------------------------------------ Total deferred credits 1,904 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $19,193 ======================================================
Edison Enterprises Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Edison Enterprises Edison EV Source ============================================================================================================ Electric utility revenue Diversified operations $4,164 $53,458 ------------------------------------------------------ Total operating revenue 4,164 53,458 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $6,470 6,980 75,490 Maintenance Depreciation and decommissioning 238 152 662 Income taxes (2,740) (1,125) (9,328) Property and other taxes ------------------------------------------------------ Total operating expenses 3,968 6,007 66,824 ------------------------------------------------------ Operating income (loss) (3,968) (1,843) (13,366) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt Other interest expense 186 802 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 186 802 ------------------------------------------------------ NET INCOME (LOSS) (3,968) (2,029) (14,168) Retained Earnings - beginning of year (1,655) (6,156) Deduct - Dividends on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($3,968) ($3,684) ($20,324) ======================================================
Edison Enterprises Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Edison Select Utility Consolidating Consolidated Services Adjustments ============================================================================================================ Electric utility revenue Diversified operations $2,551 ------------------------------------------------------ Total operating revenue 2,551 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 11,810 Maintenance Depreciation and decommissioning 293 Income taxes (3,615) Property and other taxes ------------------------------------------------------ Total operating expenses 8,488 ------------------------------------------------------ Operating income (loss) (5,937) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt Other interest expense 235 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 235 ------------------------------------------------------ NET INCOME (LOSS) (6,172) Retained Earnings - beginning of year (2,052) Deduct - Dividends on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($8,224) ======================================================
Edison Enterprises Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Enterprises Consolidated ============================================================================================================ Electric utility revenue Diversified operations $60,173 ------------------------------------------------------ Total operating revenue 60,173 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 100,750 Maintenance Depreciation and decommissioning 1,345 Income taxes (16,808) Property and other taxes ------------------------------------------------------ Total operating expenses 85,287 ------------------------------------------------------ Operating income (loss) (25,114) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt Other interest expense 1,223 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 1,223 ------------------------------------------------------ NET INCOME (LOSS) (26,337) Retained Earnings - beginning of year (9,863) Deduct - Dividends on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($36,200) ======================================================
Edison Select Consolidating Balance Sheet December 31, 1997 (In thousands)
Select Edison Home Home Warranty Protection Edison Company Company Select ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,452 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments 2,244 ------------------------------------------------------ Total other property and investments 3,696 ------------------------------------------------------ Cash and equivalents $1,007 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 764 1,957 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 87 ------------------------------------------------------ Total current assets 1,771 2,044 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 1,037 ------------------------------------------------------- Total deferred charges 1,037 ------------------------------------------------------- TOTAL ASSETS $1,771 $6,777 =======================================================
Edison Select Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Consolidating Select Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,452 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases ($2,244) Other investments 2,244) ------------------------------------------------------ Total other property and investments 1,452 ------------------------------------------------------ Cash and equivalents 1,007 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2,721 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 87 ------------------------------------------------------ Total current assets 3,815 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 1,037 ------------------------------------------------------- Total deferred charges 1,037 ------------------------------------------------------- TOTAL ASSETS ($2,244) $6,304 =======================================================
PAGE 92 Edison Select Consolidating Balance Sheet December 31, 1997 (In thousands)
Select Edison Home Home Warranty Protection Edison Company Company Select ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $2,244 Cumulative Translation Adjustments, Net Unrealized gain in equity investments-net Retained earnings (1,544) ($6,680) ------------------------------------------------------ Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 700 (6,680) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 975 11,027 Accrued taxes 25 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 96 1,088 ------------------------------------------------------ Total current liabilities 1,071 12,140 ------------------------------------------------------ Accumulated deferred income taxes - net 154 Accumulated deferred investment tax credits Customer advances and other deferred credits 1,163 ------------------------------------------------------ Total deferred credits 1,317 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,771 $6,777 ======================================================
Edison Select Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Consolidating Select Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Cumulative Translation Adjustments, Net ($2,244) Unrealized gain in equity investments-net Retained earnings ($8,224) ------------------------------------------------------ Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (2,244) (8,224) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 12,002 Accrued taxes 25 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 1,184 ------------------------------------------------------ Total current liabilities 13,211 ------------------------------------------------------ Accumulated deferred income taxes - net 154 Accumulated deferred investment tax credits Customer advances and other deferred credits 1,163 ------------------------------------------------------ Total deferred credits 1,317 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($2,244) $6,304 ======================================================
Edison Select Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Select Edison Home Home Warranty Protection Edison Company Company Select ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $1,590 $961 ------------------------------------------------------- Total operating revenue 1,590 961 ------------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3,816 7,994 Maintenance Depreciation and decommissioning 68 225 Income taxes (750) (2,865) Property and other taxes ------------------------------------------------------ Total operating expenses 3,134 5,354 ------------------------------------------------------ Operating income (loss) (1,544) (4,393) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt Other interest expense 235 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 235 ------------------------------------------------------ NET INCOME (LOSS) (1,544) (4,628) Retained Earnings - beginning of year (2,052) Deduct - Dividends on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($1,544) ($6,680) ======================================================
Edison Select Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Consolidating Select Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations $2,551 ------------------------------------------------------ Total operating revenue 2,551 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 11,810 Maintenance Depreciation and decommissioning 293 Income taxes (3,615) Property and other taxes ------------------------------------------------------ Total operating expenses 8,488 ------------------------------------------------------ Operating income (loss) (5,937) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt Other interest expense 235 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 235 ------------------------------------------------------ NET INCOME (LOSS) (6,172) Retained Earnings - beginning of year (2,052) Deduct - Dividends on Common Stock and Other ----------------------------------------------------- Retained Earnings - end of year ($8,224) ======================================================
Edison Capital and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Renewable Capital Edison Funding Energy Europe Mortgage Company Capital Co. Limited Company Consolidated ============================================================================================================== ASSETS ============================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------------ Total utility plant ------------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $177 $3,974 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 490,420 Investments in leveraged leases 959,646 Other investments ----------------------------------------------------------- Total other property and investments 177 1,454,040 ----------------------------------------------------------- Cash and equivalents 209 79,033 Receivables, including unbilled revenue, net of allowance for uncollectible accounts $36,622 12 $104 123,147 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 124 170 ---------------------------------------------------------- Total current assets 36,622 345 104 202,350 ---------------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 29,445 3,641 120,170 ---------------------------------------------------------- Total deferred charges 29,445 3,641 120,170 ---------------------------------------------------------- TOTAL ASSETS $66,067 $522 $3,745 $1,776,560 ==========================================================
Edison Capital and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Burlington International Bartlett Apartments, Capital, Inc. Hill Company Inc. ============================================================================================================= ASSETS ============================================================================================================= Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost -------------------------------------------------------- Total utility plant -------------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $5,440 $28,645 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments -------------------------------------------------------- Total other property and investments 5,440 28,645 -------------------------------------------------------- Cash and equivalents 9 458 Receivables, including unbilled revenue, net of allowance for uncollectible accounts $2 636 801 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 105 479 -------------------------------------------------------- Total current assets 2 750 1,738 -------------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 496 812 -------------------------------------------------------- Total deferred charges 496 812 -------------------------------------------------------- TOTAL ASSETS $2 $6,686 $31,195 ========================================================
Edison Capital and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Consolidating Capital Capital Adjustments Consolidated ============================================================================================================= ASSETS ============================================================================================================= Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost -------------------------------------------------------- Total utility plant -------------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $1,086 ($1) $39,321 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 23,364 (23,584) 490,200 Investments in leveraged leases 959,646 Other investments -------------------------------------------------------- Total other property and investments 24,450 (23,585) 1,489,167 -------------------------------------------------------- Cash and equivalents 292 (2) 79,999 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 9,052 (82,871) 87,505 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 875 (1) 1,752 -------------------------------------------------------- Total current assets 10,219 (82,874) 169,256 -------------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 50 (29,801) 124,813 -------------------------------------------------------- Total deferred charges 50 (29,801) 124,813 -------------------------------------------------------- TOTAL ASSETS $34,719 ($136,260) $1,783,236 ========================================================
Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Funding Funding Funding Beta Gamma Kappa ============================================================================================================= ASSETS ============================================================================================================= Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost -------------------------------------------------------- Total utility plant -------------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases $182,102 $153,347 Other investments -------------------------------------------------------- Total other property and investments 182,102 153,347 -------------------------------------------------------- Cash and equivalents 24 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 64,869 46,630 $14 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------- Total current assets 64,893 46,630 14 ------------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------- Total deferred charges ------------------------------------------------------- TOTAL ASSETS $246,995 $199,977 $14 =======================================================
PAGE 100 Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Funding First Zeta Asset Investment ============================================================================================================= ASSETS ============================================================================================================= Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost -------------------------------------------------------- Total utility plant -------------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $20,902 Investments in leveraged leases Other investments -------------------------------------------------------- Total other property and investments 20,902 -------------------------------------------------------- Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 46,754 $19,773 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets -------------------------------------------------------- Total current assets 46,754 19,773 -------------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges -------------------------------------------------------- Total deferred charges -------------------------------------------------------- TOTAL ASSETS $67,656 $19,773 --------------------------------------------------------
Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Integrated Edison Edison Energy Funding Funding Services Omicron Company ============================================================================================================= ASSETS ============================================================================================================= Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------- Total utility plant ------------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $2,588 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 1 $1,308,728 Investments in leveraged leases Other investments ------------------------------------------------------- Total other property and investments 2,589 1,308,728 ------------------------------------------------------- Cash and equivalents 75,539 Receivables, including unbilled revenue, net of allowance for uncollectible accounts $29 266 32,616 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------- Total current assets 29 266 108,155 ------------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 233 1,317 ------------------------------------------------------- Total deferred charges 233 1,317 ------------------------------------------------------- TOTAL ASSETS $29 $3,088 $1,418,200 =======================================================
Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital Housing Mission Funding Investments Epsilon Consolidated Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------- Total utility plant ------------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $1,386 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 387,335 $82,497 Investments in leveraged leases 479 623,718 Other investments ------------------------------------------------------- Total other property and investments 389,200 706,215 ------------------------------------------------------- Cash and equivalents 2,922 548 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 500,448 332,692 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 79 91 ------------------------------------------------------- Total current assets 503,449 333,331 ------------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 118,485 135 ------------------------------------------------------- Total deferred charges 118,485 135 ------------------------------------------------------- TOTAL ASSETS $1,011,134 $1,039,681 =======================================================
Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Funding Consolidating Company Adjustments Consolidated ============================================================================================================= ASSETS ============================================================================================================= Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost -------------------------------------------------------- Total utility plant -------------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $3,974 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries ($1,309,043) 490,420 Investments in leveraged leases 959,646 Other investments -------------------------------------------------------- Total other property and investments (1,309,043) 1,454,040 -------------------------------------------------------- Cash and equivalents 79,033 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (920,944) 123,147 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 170 -------------------------------------------------------- Total current assets (920,944) 202,350 -------------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 120,170 -------------------------------------------------------- Total deferred charges 120,170 -------------------------------------------------------- TOTAL ASSETS ($2,229,987) $1,776,560 ========================================================
Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Funding Funding Funding Alpha Mu Delta ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------- Total utility plant ------------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases $390,549 $18,165 Other investments ------------------------------------------------------- Total other property and investments 390,549 18,165 ------------------------------------------------------- Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 180,524 9,307 $25,509 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------- Total current assets 180,524 9,307 25,509 ------------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------- Total deferred charges ------------------------------------------------------- TOTAL ASSETS $571,073 $27,472 $25,509 =======================================================
Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Funding Investments (Bermuda) Nu Inc. Investments, Ltd. ============================================================================================================= ASSETS ============================================================================================================= Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost -------------------------------------------------------- Total utility plant -------------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases $43,589 Other investments -------------------------------------------------------- Total other property and investments 43,589 -------------------------------------------------------- Cash and equivalents $1 $3 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 15,674 1 12 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets -------------------------------------------------------- Total current assets 15,674 2 15 -------------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges -------------------------------------------------------- Total deferred charges -------------------------------------------------------- TOTAL ASSETS $59,263 $2 $15 ========================================================
Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital (Bermuda) Edison Capital Investments, LAI Ltd. (Bermuda) Ltd. ============================================================================================================= ASSETS ============================================================================================================= PAGE 107 Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital Edison Capital Latin American Latin American Mission Investments Investments Funding (Bermuda), Ltd. Holdings Co. Epsilon =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $76,350 $116,989 Investments in leveraged leases 171,415 Other investments ------------------------------------------------------ Total other property and investments 76,350 288,404 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2,557 157,354 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 78 13 ------------------------------------------------------ Total current assets 2,635 157,367 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred 133 3 ------------------------------------------------------ Total deferred charges 133 3 ------------------------------------------------------ TOTAL ASSETS $79,118 $445,774 ======================================================
PAGE 108 Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Funding Consolidating Epsilon Adjustments Consolidated =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries ($116,989) $82,497 Investments in leveraged leases 623,718 Other investments ------------------------------------------------------ Total other property and investments (116,989) 706,215 ------------------------------------------------------ Cash and equivalents 548 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (58,566) 332,692 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 91 ------------------------------------------------------ Total current assets (58,566) 333,331 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (1) 135 ------------------------------------------------------ Total deferred charges (1) 135 ------------------------------------------------------ TOTAL ASSETS ($175,556) $1,039,681 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Housing Housing Housing Alpha Beta Delta =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $2,079 $3,762 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 2,079 3,762 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts $4,487 4,409 11,266 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 4,487 4,409 11,266 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 90 ------------------------------------------------------ Total deferred charges 90 ------------------------------------------------------ TOTAL ASSETS $4,577 $6,488 $15,028 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Housing Housing Housing Epsilon Gamma Theta =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $486 $1,668 $734 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 486 1,668 734 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 644 3,291 1,267 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 644 3,291 1,267 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 65 ------------------------------------------------------ Total deferred charges 65 ------------------------------------------------------ TOTAL ASSETS $1,130 $4,959 $2,066 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Funding Theta =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts $8 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 8 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $8 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Housing MHIFED 94 MHICAL 94 Zeta Company Company =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $11,711 $1 $17,872 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 11,711 1 17,872 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 4,196 20,468 25,559 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 4,196 20,468 25,559 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 7,399 505 ------------------------------------------------------ Total deferred charges 7,399 505 ------------------------------------------------------ TOTAL ASSETS $15,907 $27,868 $43,936 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
EHI Development MHIFED 95 MHICAL 95 Fund Company Company =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $26,965 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 26,965 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts $267 $20,488 27,542 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 267 20,488 27,542 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,262 6,500 3,449 ------------------------------------------------------ Total deferred charges 6,262 6,500 3,449 ------------------------------------------------------ TOTAL ASSETS $6,529 $26,988 $57,956 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
East Coast Capital, Inc. MHIFED 96A MHIFED 95C Consolidated Company Company =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $73 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 73 ------------------------------------------------------ Cash and equivalents 45 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 857 $4,881 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 7 ------------------------------------------------------ Total current assets 909 4,881 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 10,438 ------------------------------------------------------ Total deferred charges 10,438 ------------------------------------------------------ TOTAL ASSETS $982 $15,319 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
EHI Mission Development MHIFED 96 Housing Company Company Holdings ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $13,966 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 13,966 ------------------------------------------------------ Cash and equivalents $1,078 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 125 $106 6,906 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 1,203 106 6,906 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 11,618 ------------------------------------------------------ Total deferred charges 11,618 ------------------------------------------------------ TOTAL ASSETS $1,203 $11,724 $20,872 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission MHICAL 96 Mission Housing Company SA Company Denver =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $27,062 $6,742 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 27,062 6,742 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 13,970 $38 4,927 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 13,970 38 4,927 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 9,041 ------------------------------------------------------ Total deferred charges 9,041 ------------------------------------------------------ TOTAL ASSETS $50,073 $38 $11,669 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Edison Housing Housing Housing Georgia South Carolina Oregon, Inc. =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $890 $503 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 890 503 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 195 2,048 $2 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 195 2,048 2 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $1,085 $2,551 $2 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Capital Edison Capital Housing Housing Housing North Carolina Florida New Jersey =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $483 $8,819 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 483 8,819 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2,907 $2 1 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 2,907 2 1 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $3,390 $2 $8,820 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital MHIFED 97 Housing MHICAL 97 Company Pennsylvania Company =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $9,051 $7,064 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 9,051 7,064 ------------------------------------------------------ Cash and equivalents of allowance for uncollectible accounts Fuel inventory Receivables, including unbilled revenue, net of allowance for uncollectible accounts $1 2,699 1,846 Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ----------------------------------------------------- Total current assets 1 2,699 1,846 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 2,628 ------------------------------------------------------ Total deferred charges 2,268 ------------------------------------------------------ TOTAL ASSETS $1 $11,750 $11,538 ======================================================
PAGE 120 Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital Edison Capital Housing Housing John Stewart New York Management Company =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts $1,313 Investments in partnerships and unconsolidated subsidiaries $4,570 $1,201 (32) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 4,570 1,201 1,281 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, 1,093 net of allowance for uncollectible accounts 3,501 1 417 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 72 ------------------------------------------------------ Total current assets 3,501 1 1,582 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 2,463 269 ------------------------------------------------------ Total deferred charges 2,463 269 ------------------------------------------------------ TOTAL ASSETS $8,071 $3,665 $3,132 ======================================================
PAGE 121 Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital WGA Investors ECHI Wyvernwood, Affordable Company Inc. Housing 97 V =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
PAGE 122 Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Affordable Affordable Affordable Housing 97 VI Housing 97 VII Housing 97 VIII =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital Edison Capital Housing Housing Consolidating Investments Investments Adjustments Consolidated =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulate provision for depreciation $1,386 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $492,141 ($250,403) 387,335 Investments in leveraged leases 479 479 Other investments ------------------------------------------------------ Total other property and investments 492,620 (250,403) 389,200 ------------------------------------------------------ Cash and equivalents 706 2,922 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 361,819 (30,693) 500,448 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 79 ------------------------------------------------------ Total current assets 362,525 (30,693) 503,449 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 57,758 118,485 ------------------------------------------------------ Total deferred charges 57,758 118,485 ------------------------------------------------------ TOTAL ASSETS $912,903 ($281,096) $1,011,134 ======================================================
Edison Capital and Subsidiaries East Coast Capital Consoliated Consolidating Balance Sheet December 31, 1997 (In thousands)
East Coast EC Asset EC Capital, Inc. Services, Inc. Properties, Inc. =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $73 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 73 ------------------------------------------------------ Cash and equivalents 18 $4 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 508 272 $128 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 7 ------------------------------------------------------ Total current assets 533 276 128 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $606 $276 $128 ======================================================
Edison Capital and Subsidiaries East Coast Capital Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
EC Properties III, Inc. EC-SLP, Inc. =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents $2 $21 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 2 21 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $2 $21 ======================================================
Edison Capital and Subsidiaries East Coast Capital Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
East Coast Consolidating Capital, Inc. Adjustments Consolidated =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $73 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 73 ------------------------------------------------------ Cash and equivalents 45 Receivables, including unbilled revenue, net of allowance for uncollectible accounts ($51) 857 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 7 ------------------------------------------------------ Total current assets (51) 909 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ($51) $982 ======================================================
Edison Capital and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Renewable Capital Edison Funding Energy Europe Mortgage Company Capital Co. Limited Company Consolidated ============================================================================================================= CAPITALIZATION AND LIABILITIES ============================================================================================================= Common shareholders' equity: Common stock Additional Paid in Capital $3 $126,744 Cumulative Translation Adjustments, Net $10 Retained earnings 143 10 $97 217,500 ------------------------------------------------------- 146 20 97 344,244 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 29,491 312,517 ------------------------------------------------------- Total capitalization 29,637 20 97 656,761 ------------------------------------------------------- Other long-term liabilities ------------------------------------------------------- Current portion of long-term debt 34,721 99,714 Short-term debt 405 Accounts payable 472 3,648 13,416 Accrued taxes Accrued interest 1,709 3,088 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 22 209,438 ------------------------------------------------------- Total current liabilities 36,430 494 3,648 326,061 ------------------------------------------------------- Accumulated deferred income taxes - net 8 687,256 Accumulated deferred investment tax credits Customer advances and other deferred credits 106,350 ------------------------------------------------------- Total deferred credits 8 793,606 ------------------------------------------------------- Minority interest 132 ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $66,067 $522 $3,745 $1,776,560 =======================================================
Edison Capital and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Burlington International Bartlett Apartments, Capital, Inc. Hill Company Inc. =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid In Capital $819 $1,682 Cumulative Translation Adjustments, Net Retained earnings ($7) 292 (2,512) ------------------------------------------------------ (7) 1,111 (830) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 5,133 29,327 ------------------------------------------------------ Total capitalization (7) 6,244 28,497 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt 34 Short-term debt Accounts payable 9 119 195 Accrued taxes Accrued interest 137 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 29 535 ------------------------------------------------------ Total current liabilities 9 182 867 ------------------------------------------------------ Accumulated deferred income taxes - net 42 2,078 Accumulated deferred investment tax credits Customer advances and other deferred credits 36 ------------------------------------------------------ Total deferred credits 42 2,114 ------------------------------------------------------ Minority interest 218 (283) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2 $6,686 $31,195 ======================================================
Edison Capital and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Consolidating Capital Capital Adjustments Consolidated =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $80,597 ($129,248) $80,597 Cumulative Translation Adjustments, Net 10 Retained earnings (99,626) 105,883 221,780 ------------------------------------------------------ (19,029) (23,365) 302,387 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (104,405) 272,063 ------------------------------------------------------ Total capitalization (19,029) (127,770) 574,450 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt (34,701) 99,768 Short-term debt (405) Accounts payable 39,773 (47,677) 9,955 Accrued taxes Accrued interest (1) 4,933 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 6,706 (492) 216,238 ------------------------------------------------------ Total current liabilities 46,479 (83,276) 330,894 ------------------------------------------------------ Accumulated deferred income taxes - net (4,764) 684,620 Accumulated deferred investment tax credits Customer advances and other deferred credits 12,033 75,002 193,421 ------------------------------------------------------ Total deferred credits 7,269 75,002 878,041 ------------------------------------------------------ Minority interest (216) (149) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $34,719 ($136,260) $1,783,236 ======================================================
Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Funding Funding Funding Beta Gamma Kappa =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $133,940 $110,680 $17 Cumulative Translation Adjustments, Net Retained earnings 9,518 10,132 (25) ------------------------------------------------------ 143,458 120,812 (8) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 143,458 120,812 (8) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 53 1,262 22 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 53 1,262 22 ------------------------------------------------------ Accumulated deferred income taxes - net 103,201 77,903 Accumulated deferred investment tax credits Customer advances and other deferred credits 283 ------------------------------------------------------ Total deferred credits 103,484 77,903 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $246,995 $199,977 $14 ======================================================
Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Funding Funding First Theta Zeta Asset Investment =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $26,450 $19,764 Cumulative Translation Adjustments, Net Retained earnings 8,691 9 ------------------------------------------------------ 35,141 19,773 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 35,141 19,773 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 432 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 432 ------------------------------------------------------ Accumulated deferred income taxes - net 32,083 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 32,083 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $67,656 $19,773 ======================================================
Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Integrated Edison Edison Energy Funding Funding Services Omicron Company =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $126,747 Cumulative Translation Adjustments, Net Retained earnings ($7) ($4) (50,901) ------------------------------------------------------ (7) (4) 75,846 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 2,676 308,791 ------------------------------------------------------ Total capitalization (7) 2,672 384,637 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt 24 99,690 Short-term debt Accounts payable 36 4 923,415 Accrued taxes Accrued interest 3,088 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 74 ------------------------------------------------------ Total current liabilities 36 102 1,026,193 ------------------------------------------------------ Accumulated deferred income taxes - net (4,391) Accumulated deferred investment tax credits Customer advances and other deferred credits 11,761 ------------------------------------------------------ Total deferred credits 7,370 ------------------------------------------------------ Minority interest 314 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $29 $3,088 $1,418,200 ======================================================
Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital Housing Mission Funding Investments Epsilon Consolidated Consolidated =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $550,574 $479,208 Cumulative Translation Adjustments, Net Retained earnings 183,269 44,911 ------------------------------------------------------ 733,843 524,119 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,045 ------------------------------------------------------ Total capitalization 734,888 524,119 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt 405 Accounts payable 7,787 1,350 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 191,188 18,176 ------------------------------------------------------ Total current liabilities 199,380 19,526 ------------------------------------------------------ Accumulated deferred income taxes - net 36,750 441,710 Accumulated deferred investment tax credits Customer advances and other deferred credits 39,981 54,326 ------------------------------------------------------ Total deferred credits 76,731 496,036 ------------------------------------------------------- Minority interest 135 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,011,134 $1,039,681 ======================================================
Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Funding Consolidating Company Adjustments Consolidated =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital ($1,320,636) $126,744 Cumulative Translation Adjustments, Net Retained earnings 11,907 217,500 ------------------------------------------------------ (1,308,729) 344,244 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 5 312,517 ------------------------------------------------------ Total capitalization (1,308,724) 656,761 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt 99,714 Short-term debt 405 Accounts payable (920,945) 13,416 Accrued taxes Accrued interest 3,088 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 209,438 ------------------------------------------------------ Total current liabilities (920,945) 326,061 ------------------------------------------------------ Accumulated deferred income taxes - net 687,256 Accumulated deferred investment tax credits Customer advances and other deferred credits (1) 106,350 ------------------------------------------------------ Total deferred credits (1) 793,606 ------------------------------------------------------ Minority interest (317) 132 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($2,229,987) $1,776,560 ======================================================
Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Funding Funding Funding Alpha Mu Delta ========================================================================================================== CAPITALIZATION AND LIABILITIES ========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $263,907 $14,750 $13,880 Cumulative Translation Adjustments, Net Retained earnings 20,529 5,267 5,989 ----------------------------------------------------- 284,436 20,017 19,869 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ----------------------------------------------------- Total capitalization 284,436 20,017 19,869 ----------------------------------------------------- Other long-term liabilities ----------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable 54,603 12 5,169 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ----------------------------------------------------- Total current liabilities 54,603 12 5,169 ----------------------------------------------------- Accumulated deferred income taxes - net 232,034 7,443 471 Accumulated deferred investment tax credits Customer advances and other deferred credits ----------------------------------------------------- Total deferred credits 232,034 7,443 471 ----------------------------------------------------- Minority interest ----------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $571,073 $27,472 $25,509 =====================================================
Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Funding Investments (Bermuda) Nu Inc. Investments, Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $33,188 $1 $12 Cumulative Translation Adjustments, Net Retained earnings 9,137 ------------------------------------------------------- 42,325 1 12 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 42,325 1 12 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 12 1 3 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 12 1 3 ------------------------------------------------------ Accumulated deferred income taxes - net 16,926 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 16,926 ----------------------------------------------------- Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $59,263 $2 $15 ======================================================
Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Capital Capital (Bermuda) Edison Capital Latin American Investments, LAI Investments Ltd. (Bermuda) Ltd. (Bermuda), Ltd. =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $5,784 Cumulative Translation Adjustments, Net Retained earnings 1,049 ------------------------------------------------------ 6,833 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ----------------------------------------------------- Total capitalization 6,833 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 178 ------------------------------------------------------ Total current liabilities 178 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $7,011 ======================================================
PAGE 138 Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital Latin American Mission Investments Funding Holdings Co. Epsilon =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $6,789 $257,886 Cumulative Translation Adjustments, Net Retained earnings (31) 2,971 ----------------------------------------------------- 6,758 260,857 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ----------------------------------------------------- Total capitalization 6,758 260,857 ----------------------------------------------------- Other long-term liabilities ----------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable 103 14 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 17,931 67 ----------------------------------------------------- Total current liabilities 18,034 81 -------------------------------------------------------- Accumulated deferred income taxes - net 184,836 Accumulated deferred investment tax credits Customer advances and other deferred credits 54,326 ------------------------------------------------------- Total deferred credits 54,326 184,836 ----------------------------------------------------- Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $79,118 $445,774 ======================================================
Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Funding Consolidating Epsilon Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital ($116,990) $479,208 Cumulative Translation Adjustments, Net Retained earnings 1 44,911 ------------------------------------------------------ (116,989) 524,119 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization (116,989) 524,119 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable (58,567) 1,350 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 18,176 ----------------------------------------------------- Total current liabilities (58,567) 19,526 ------------------------------------------------------ Accumulated deferred income taxes - net 441,710 Accumulated deferred investment tax credits Customer advances and other deferred credits 54,326 ------------------------------------------------------ Total deferred credits 496,036 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($175,556) $1,039,681 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Housing Housing Housing Alpha Beta Delta =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $3,264 $4,459 $10,110 Cumulative Translation Adjustments, Net Retained earnings 41 2,269 4,798 ------------------------------------------------------ 3,305 6,728 14,908 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 3,305 6,728 14,908 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 32 22 22 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 32 22 22 ------------------------------------------------------ Accumulated deferred income taxes - net 1,240 (262) 98 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 1,240 (262) 98 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $4,577 $6,488 $15,028 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Housing Housing Housing Epsilon Gamma Theta =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additinal Paid in Capital $1,100 $3,340 $1,181 Cumulative Translation Adjustments, Net Retained earnings 52 1,790 682 ----------------------------------------------------- 1,152 5,130 1,863 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 1,152 5,130 1,863 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 22 22 43 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 1 132 ------------------------------------------------------ Total current liabilities 23 22 175 ------------------------------------------------------ Accumulated deferred income taxes - net (45) (193) 28 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (45) (193) 28 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,130 $4,959 $2,066 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Funding Theta ======================================================================================================== CAPITALIZATION AND LIABILITIES ======================================================================================================== Common shareholders' equity: Common stock Additional paid in Capital Cumulative Translation Adjustments, Net Retained earnings ($14) -------------------------------------------------- (14) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization (14) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 22 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 22 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $8 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Housing MHIFED 94 MHICAL 94 Zeta Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $7,558 $20,040 $30,581 Cumulative Translation Adjustments, Net Retained earnings 62 6,156 11,180 ------------------------------------------------------ 7,620 26,196 41,761 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 7,620 26,196 41,761 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 23 963 330 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 8,266 42 ------------------------------------------------------ Total current liabilities 8,289 1,005 330 ------------------------------------------------------ Accumulated deferred income taxes - net (2) 310 1,845 Accumulated deferred investment tax credits Customer advances and other deferred credits 357 ------------------------------------------------------ Total deferred credits (2) 667 1,845 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $15,907 $27,868 $43,936 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
EHI Development MHIFED 95 MHICAL 95 Fund Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $5,000 $8,662 $44,132 Cumulative Translation Adjustments, Net Retained earnings 244 7,138 10,770 ------------------------------------------------------ 5,244 15,800 54,902 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 5,244 15,800 54,902 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 1,285 8,544 8 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 95 ------------------------------------------------------ Total current liabilities 1,285 8,639 8 ------------------------------------------------------ Accumulated deferred income taxes - net 2,151 2,577 Accumulated deferred investment tax credits Customer advances and other deferred credits 398 469 ------------------------------------------------------ Total deferred credits 2,549 3,046 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $6,529 $26,988 $57,956 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
East Coast Capital, Inc. MHIFED 96A MHIFED 95C Consolidated Company Company =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $332 $12,054 Cumulative Translation Adjustments, Net Retained earnings 405 719 ------------------------------------------------------ 737 12,773 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 737 12,773 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 186 5 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 59 1,583 ------------------------------------------------------ Total current liabilities 245 1,588 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits 958 ------------------------------------------------------ Total deferred credits 958 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $982 $15,319 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
EHI Mission Development MHIFED 96 Housing Company Company Holdings =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $1,002 $670 $17,684 Cumulative Translation Adjustments, Net Retained earnings 66 (330) 3,272 ------------------------------------------------------ 1,068 340 20,956 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 1,068 340 20,956 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 135 11,371 9 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other (522) 366 ------------------------------------------------------ Total current liabilities 135 10,849 375 ------------------------------------------------------ Accumulated deferred income taxes - net 87 (459) Accumulated deferred investment tax credits Customer advances and other deferred credits 448 ------------------------------------------------------ Total deferred credits 535 (459) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,203 $11,724 $20,872 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission MHICAL 96 Mission Housing Company SA Company Denver =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $29,887 $54 $7,925 Cumulative Translation Adjustments, Net Retained earnings 4,475 (64) 2,788 ------------------------------------------------------ 34,362 (10) 10,713 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 34,362 (10) 10,713 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 8 8 9 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 12,615 ------------------------------------------------------ Total current liabilities 12,623 8 9 ------------------------------------------------------ Accumulated deferred income taxes - net 2,007 40 947 Accumulated deferred investment tax credits Customer advances and other deferred credits 1,081 ------------------------------------------------------ Total deferred credits 3,088 40 947 ------------------------------------------------------ Minority interest ----------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $50,073 $38 $11,669 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Edison Housing Housing Housing Georgia South Carolina Oregon, Inc. =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $405 $2,078 Cumulative Translation Adjustments, Net Retained earnings 87 252 ($3) ------------------------------------------------------ 492 2,330 (3) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 492 2,330 (3) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 6 5 5 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 571 ------------------------------------------------------ Total current liabilities 577 5 5 ------------------------------------------------------ Accumulated deferred income taxes - net 16 192 Accumulated deferred investment tax credits Customer advances and other deferred credits 24 ------------------------------------------------------ Total deferred credits 16 216 ----------------------------------------------------- Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,085 $2,551 $2 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Capital Edison Capital Housing Housing Housing North Carolina Florida New Jersey ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $2,156 $8,542 Cumulative Translation Adjustments, Net Retained earnings 1,007 ($4) (4) ------------------------------------------------------ 3,163 (4) 8,538 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 3,163 (4) 8,538 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 6 6 6 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 276 ------------------------------------------------------ Total current liabilities 6 6 282 ------------------------------------------------------ Accumulated deferred income taxes - net 198 Accumulated deferred investment tax credits Customer advances and other deferred credits 23 ------------------------------------------------------ Total deferred credits 221 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $3,390 $2 $8,820 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital MHIFED 97 Housing MHICAL 97 Company Pennsylvania Company =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $8,990 $9,722 Cumulative Translation Adjustments, Net Retained earnings ($3) 1,489 595 ------------------------------------------------------ (3) 10,479 10,317 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization (3) 10,479 10,317 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 4 9 83 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 393 431 ------------------------------------------------------ Total current liabilities 4 402 514 ------------------------------------------------------ Accumulated deferred income taxes - net 869 393 Accumulated deferred investment tax credits Customer advances and other deferred credits 314 ------------------------------------------------------ Total deferred credits 869 707 ----------------------------------------------------- Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1 $11,750 $11,538 ======================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital Edison Capital Housing John Stewart Housing New York Management Company =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $4,500 $3,772 $1,201 Cumulative Translation Adjustments, Net Retained earnings (8) (94) 208 ------------------------------------------------------ 4,492 3,678 1,409 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,045 ------------------------------------------------------ Total capitalization 4,492 3,678 2,454 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt 49 292 Accounts payable 9 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 3,570 98 ------------------------------------------------------ Total current liabilities 3,579 49 390 ------------------------------------------------------ Accumulated deferred income taxes - net (62) 155 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (62) 155 ------------------------------------------------------ Minority interest 133 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $8,071 $3,665 $3,132 ======================================================
PAGE 152 Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital WGA Investors ECHI Affordable Company Wyvernwood Inc. Housing 97 V =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in capital Cumulative Translation Adjustments, Net Retained earnings ------------------------------------------------------ Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ----------------------------------------------------- Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ======================================================
PAGE 153 Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Affordable Affordable Affordable Housing 97 VI Housing 97 VII 97 VIII =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital Cumulative Translation Adjustments, Net Retained earnings ------------------------------------------------------ Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ======================================================
PAGE 154 Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Capital Edison Capital Housing Housing Consolidating Investments Investments Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $552,063 ($251,890) $550,574 Cumulative Translation Adjustments, Net Retained earnings 121,758 1,490 183,269 ------------------------------------------------------ 673,821 (250,400) 733,843 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,045 ------------------------------------------------------ Total capitalization 673,821 (250,400) 734,888 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt 64 405 Accounts payable 15,341 (30,762) 7,787 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 163,214 (2) 191,188 ------------------------------------------------------ Total current liabilities 178,555 (30,700) 199,380 ------------------------------------------------------ Accumulated deferred income taxes - net 24,618 2 36,750 Accumulated deferred investment tax credits Customer advances and other deferred credits 35,909 39,981 ------------------------------------------------------ Total deferred credits 60,527 2 76,731 ----------------------------------------------------- Minority interest 2 135 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $912,903 ($281,096) $1,011,134 ======================================================
Edison Capital and Subsidiaries East Coast Capital Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
East EC Asset EC Coast Services, Properties, Capital, Inc. Inc. Inc. =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $242 $58 $30 Cumulative Translation Adjustments, Net Retained earnings 185 127 96 ------------------------------------------------------ 427 185 126 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 427 185 126 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 147 83 2 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 32 8 ------------------------------------------------------ Total current liabilities 179 91 2 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $606 $276 $128 ======================================================
Edison Capital and Subsidiaries East Coast Capital Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
EC Properties III, Inc. EC-SLP, Inc. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $2 Cumulative Translation Adjustments, Net Retained earnings (1) ($2) ------------------------------------------------------ 1 (2) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 1 (2) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 1 4 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 19 ------------------------------------------------------ Total current liabilities 1 23 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2 $21 ======================================================
Edison Capital and Subsidiaries East Coast Capital Consolidated Consolidating Balance Sheet December 31, 1997 (In thousands)
East Coast Consolidating Capital, Inc. Adjustments Consolidated =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock Additional Paid in Capital $332 Cumulative Translation Adjustments, Net Retained earnings 405 ------------------------------------------------------ 737 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 737 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable ($51) 186 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 59 ------------------------------------------------------ Total current liabilities (51) 245 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($51) $982 ======================================================
Edison Capital and Subsidiaries Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Edison Edison Renewable Capital Edison Funding Energy Europe Mortgage Company Capital Co. Limited Company Consolidated ============================================================================================================ Electric Utility revenue Diversified operations $594 $134,774 ---------------------------------------------------------- Total operating revenue 594 134,774 ---------------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 555 $3 22,560 Maintenance Depreciation and decommissioning $45 32 15,360 Income taxes (1,163) 2 3 (22,735) Property and other taxes ---------------------------------------------------------- Total operating expenses (1,118) 589 6 15,185 ---------------------------------------------------------- Operating income 1,118 5 (6) 119,589 ---------------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2,809 2 177 3,653 Minority interest 1 Taxes on nonoperating income (1,145) (1) (72) 6,748 Other nonoperating income - net (20,113) ---------------------------------------------------------- Total other income (deductions) - net (1,664) 1 105 (9,711) ---------------------------------------------------------- Income before interest and other expenses 2,782 6 99 109,878 ---------------------------------------------------------- Interest on long-term debt 2,051 19,277 Other interest expense 758 7,112 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net 2,809 26,389 ----------------------------------------------------------- NET INCOME (27) 6 99 83,489 Retained earnings - beginning of year 170 4 (2) 154,012 Dividends declared on common stock (20,000) ----------------------------------------------------------- Retained earnings - end of year $143 $10 $97 $217,501 ===========================================================
Edison Capital and Subsidiaries Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Mission Mission Burlington International Bartlett Apartments, Capital, Inc. Hill Company Inc. =============================================================================================================== Electric utility revenue Diversified operations $423 $4,506 ------------------------------------------------------------ Total operating revenue 423 4,506 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $3 286 1,638 Maintenance Depreciation and decommissioning (1) 193 839 Income taxes (1) (243) 1 Property and other taxes ------------------------------------------------------------ Total operating expenses 1 236 2,478 ------------------------------------------------------------ Operating income (1) 187 2,028 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest 270 32 Taxes on nonoperating income Other nonoperating income - net ----------------------------------------------------------- Total other income (deductions) - net 270 32 ----------------------------------------------------------- Income before interest and other expenses (1) 457 2,060 ----------------------------------------------------------- Interest on long-term debt 247 1,944 Other interest expense 91 719 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net 338 2,663 ----------------------------------------------------------- NET INCOME (1) 119 (603) Retained earnings - beginning of year (6) 173 (1,909) Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year ($7) $292 ($2,512) ===========================================================
Edison Capital and Subsidiaries Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Edison Edison Consolidating Capital Capital Adjustments Consolidated =============================================================================================================== Electric utility revenue Diversified operations $35 $140,332 ------------------------------------------------------------ Total operating revenue 35 140,332 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $36,488 (1) 61,532 Maintenance Depreciation and decommissioning 307 (1) 16,775 Income taxes (14,547) 1,012 (37,671) Property and other taxes ------------------------------------------------------------ Total operating expenses 22,248 1,010 40,636 ------------------------------------------------------------ Operating income (22,248) (975) 99,696 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (2,843) 3,798 Minority interest (270) 33 Taxes on nonoperating income 1,009 6,539 Other nonoperating income - net 269 (19,844) ----------------------------------------------------------- Total other income (deductions) - net (1,835) (9,474) ----------------------------------------------------------- Income before interest and other expenses (22,248) (2,810) 90,222 ----------------------------------------------------------- Interest on long-term debt (1,475) 22,044 Other interest expense (1,334) 7,346 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net (2,809) 29,390 ----------------------------------------------------------- NET INCOME (22,248) (1) 60,832 Retained earnings - beginning of year (77,378) 105,883 160,948 Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year ($99,626) $105,882 $221,780 ===========================================================
Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Mission Mission Mission Funding Funding Funding Beta Gamma Kappa =============================================================================================================== Electric utility revenue Diversified operations $17,510 $15,334 ------------------------------------------------------------ Total operating revenue 17,510 15,334 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses 3 3 $3 Maintenance Depreciation and decommissioning Income taxes 8,801 6,565 (1) Property and other taxes ------------------------------------------------------------ Total operating expenses 8,804 6,568 2 ------------------------------------------------------------ Operating income 8,706 8,766 (2) ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ----------------------------------------------------------- Total other income (deductions) - net ----------------------------------------------------------- Income before interest and other expenses 8,706 8,766 (2) ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 8,706 8,766 (2) Retained earnings - beginning of year 812 1,366 (23) Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $9,518 $10,132 ($25) ===========================================================
Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Mission Mission Funding First Zeta Asset Investment =============================================================================================================== Electric utility revenue Diversified operations ------------------------------------------------------------ Total operating revenue ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $3 $3 Maintenance Depreciation and decommissioning 893 Income taxes 136 (1) Property and other taxes ------------------------------------------------------------ Total operating expenses 1,032 2 ------------------------------------------------------------ Operating income (1,032) (2) ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income (1,110) Other nonoperating income - net 2,724 ----------------------------------------------------------- Total other income (deductions) - net 1,614 ----------------------------------------------------------- Income before interest and other expenses 582 (2) ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 582 (2) Retained earnings - beginning of year 8,109 11 Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $8,691 $9 ===========================================================
Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Edison Integrated Edison Edison Energy Funding Funding Services Omicron Company =============================================================================================================== Electric utility revenue Diversified operations $416 $2,157 ------------------------------------------------------------ Total operating revenue 416 2,157 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $3 264 4,391 Maintenance Depreciation and decommissioning 104 555 Income taxes (1) (12,151) Property and other taxes ------------------------------------------------------------ Total operating expenses 2 368 (7,205) ------------------------------------------------------------ Operating income (2) 48 9,362 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2,388 Minority interest 70 (973) Taxes on nonoperating income Other nonoperating income - net ----------------------------------------------------------- Total other income (deductions) - net 70 1,415 ----------------------------------------------------------- Income before interest and other expenses (2) 118 10,777 ----------------------------------------------------------- Interest on long-term debt 88 19,140 Other interest expense 33 7,079 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net 121 26,219 ----------------------------------------------------------- NET INCOME (2) (3) (15,442) Retained earnings - beginning of year (5) (1) (15,459) Dividends declared on common stock (20,000) ----------------------------------------------------------- Retained Earnings - end of year ($7) ($4) ($50,901) ===========================================================
Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Statements of Income and Retained Earnings For the year ended December 31, 1997 (In Thousnds)
Edison Capital Mission Housing Funding Investments Epsilon Consolidated Consolidated =========================================================================================================== Electric utility revenue Diversified operations $45,894 $53,461 ------------------------------------------------------------ Total operating revenue 45,894 53,461 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses 17,842 48 Maintenance Depreciation and decommissioning 13,772 33 Income taxes (50,083) 23,997 Property and other taxes ------------------------------------------------------------ Total operating expenses (18,469) 24,078 ------------------------------------------------------------ Operating income 64,363 29,383 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 449 816 Minority interest Taxes on nonoperating income 9,163 (332) Other nonoperating income - net (22,906) ----------------------------------------------------------- Total other income (deductions) - net (13,294) 484 ----------------------------------------------------------- Income before interest and other expenses 51,069 29,867 ----------------------------------------------------------- Interest on long-term debt 49 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net 49 ----------------------------------------------------------- NET INCOME 51,020 29,867 Retained earnings - beginning of year 132,250 15,045 Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $183,270 $44,912 ===========================================================
Edison Capital and Subsidiaries Edison Funding Company Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Edison Funding Consolidating Company Adjustments Consolidated =============================================================================================================== Electric utility revenue Diversified operations $2 $134,774 ------------------------------------------------------------ Total operating revenue 2 134,774 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses (3) 22,560 Maintenance Depreciation and decommissioning 3 15,360 Income taxes 3 (22,735) Property and other taxes ------------------------------------------------------------ Total operating expenses 3 15,185 ------------------------------------------------------------ Operating income (1) 119,589 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 3,653 Minority interest 902 1 Taxes on nonoperating income (973) 6,748 Other nonoperating income - net 69 (20,113) ----------------------------------------------------------- Total other income (deductions) - net (9,711) ----------------------------------------------------------- Income before interest and other expenses (1) 109,878 ----------------------------------------------------------- Interest on long-term debt 19,277 Other interest expense 7,112 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net 26,389 ----------------------------------------------------------- NET INCOME (1) 83,489 Retained earnings - beginning of year 11,907 154,012 Dividends declared on common stock (20,000) ----------------------------------------------------------- Retained Earnings - end of year $11,906 $217,501 ===========================================================
Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Mission Mission Mission Funding Funding Funding Alpha Mu Delta =============================================================================================================== Electric utility revenue Diversified operations $33,993 $1,964 $12,580 ------------------------------------------------------------ Total operating revenue $33,993 1,964 12,580 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses 3 3 3 Maintenance Depreciation and decommissioning Income taxes 16,237 (19) 6,435 Property and other taxes ------------------------------------------------------------ Total operating expenses 16,240 (16) 6,438 ------------------------------------------------------------ Operating income 17,753 1,980 6,142 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ----------------------------------------------------------- Total other income (deductions) - net ----------------------------------------------------------- Income before interest and other expenses 17,753 1,980 6,142 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 17,753 1,980 6,142 Retained earnings - beginning of year 2,776 3,287 (153) Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $20,529 $5,267 $5,989 ===========================================================
Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Mission Mission Mission Funding Investments, (Bermuda) Nu Inc. Investments, Ltd. =============================================================================================================== Electric utility revenue Diversified operations $4,355 $4 $1 ------------------------------------------------------------ Total operating revenue $4,355 4 1 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses 3 4 1 Maintenance Depreciation and decommissioning Income taxes 2,445 Property and other taxes ------------------------------------------------------------ Total operating expenses 2,448 $4 $1 ------------------------------------------------------------ Operating income 1,907 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ----------------------------------------------------------- Total Other income (deductions) - net ----------------------------------------------------------- Income before interest and other expenses 1,907 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 1,907 Retained earnings - beginning of year Dividends declared on common stock 7,230 ----------------------------------------------------------- Retained Earnings - end of year $9,137 ===========================================================
Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Edison Capital Edison Capital (Bermuda) Edison Capital Latin America Investments, LAI Investments Ltd. (Bermuda) Ltd. (Bermuda Ltd.) =============================================================================================================== Electric utility revenue Diversified operations $15 ------------------------------------------------------------ Total operating revenue 15 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses 9 Maintenance Depreciation and decommissioning Income taxes (560) Property and other taxes ------------------------------------------------------------ Total operating expenses (551) ------------------------------------------------------------ Operating income 566 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 816 Minority interest Taxes on nonoperating income (332) Other nonoperating income - net ----------------------------------------------------------- Total Other income (deductions) - net 484 ----------------------------------------------------------- Income before interest and other expenses 1,050 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME Retained earnings - beginning of year 1,050 Dividends declared on common stock (1) ----------------------------------------------------------- Retained Earnings - end of year $1,049 ===========================================================
Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Edison Capital Latin American Mission Investments Holdings Funding Company Epsilon =============================================================================================================== Electric utility revenue Diversified operations $548 ------------------------------------------------------------ Total operating revenue 548 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $21 3 Maintenance Depreciation and decommissioning 33 Income taxes (23) (518) Property and other taxes ------------------------------------------------------------ Total operating expenses 31 (515) ------------------------------------------------------------ Operating income (31) 1,063 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ----------------------------------------------------------- Total Other income (deductions) - net ----------------------------------------------------------- Income before interest and other expenses (31) 1,063 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME (31) 1,063 Retained earnings - beginning of year 1,908 Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year ($31) $2,971 ===========================================================
Edison Capital and Subsidiaries Mission Funding Epsilon Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Mission Funding Consolidating Epsilon Adjustments Consolidated =============================================================================================================== Electric utility revenue Diversified operations $1 $53,461 ------------------------------------------------------------ Total operating revenue 1 53,461 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses (2) 48 Maintenance Depreciation and decommissioning 33 Income taxes 23,997 Property and other taxes ------------------------------------------------------------ Total operating expenses (2) 24,078 ------------------------------------------------------------ Operating income 3 29,383 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 816 Minority interest Taxes on nonoperating income (332) Other nonoperating income - net ----------------------------------------------------------- Total Other income (deductions) - net 484 ----------------------------------------------------------- Income before interest and other expenses 3 29,867 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 3 29,867 Retained earnings - beginning of year (2) 15,045 Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $1 $44,912 ===========================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Mission Mission Mission Funding Housing Housing Alpha Beta Delta =============================================================================================================== Electric utility revenue Diversified operations ------------------------------------------------------------ Total operating revenue ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $3 $3 $3 Maintenance Depreciation and decommissioning 23 165 262 Income taxes 365 (846) (1,978) Property and other taxes ------------------------------------------------------------ Total operating expenses 391 (678) (1,713) ------------------------------------------------------------ Operating income (391) 678 1,713 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income 110 521 Other nonoperating income - net (270) (1,277) ----------------------------------------------------------- Total Other income (deductions) - net (160) (756) ----------------------------------------------------------- Income before interest and other expenses (391) 518 957 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME (391) 518 957 Retained earnings - beginning of year 432 1,751 3,841 Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $41 $2,269 $4,798 ===========================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Mission Mission Mission Housing Housing Housing Epsilon Gamma Theta =============================================================================================================== Electric utility revenue Diversified operations ------------------------------------------------------------ Total operating revenue ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $3 $3 $3 Maintenance Depreciation and decommissioning 19 113 66 Income taxes (109) (608) (305) Property and other taxes ------------------------------------------------------------ Total operating expenses (87) (492) (236) ------------------------------------------------------------ Operating income 87 492 236 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4 Minority interest Taxes on nonoperating income 41 89 39 Other nonoperating income - net (100) (219) (100) ----------------------------------------------------------- Total Other income (deductions) - net (59) (130) (57) ----------------------------------------------------------- Income before interest and other expenses 28 362 179 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 28 362 179 Retained earnings - beginning of year 24 1.428 503 Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $52 $1,790 $682 ===========================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Mission Funding Theta =============================================================================================================== Electric utility revenue Diversified operations ------------------------------------------------------------ Total operating revenue ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $3 Maintenance Depreciation and decommissioning (1) Income taxes Property and other taxes ------------------------------------------------------------ Total operating expenses 2 ------------------------------------------------------------ Operating income (2) ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ----------------------------------------------------------- Total Other income (deductions) - net ----------------------------------------------------------- Income before interest and other expenses (2) ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME (2) Retained earnings - beginning of year (12) Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year ($14) ===========================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Mission Funding MHIFED 94 MHICAL 94 Zeta Company Copany =============================================================================================================== Electric utility revenue Diversified operations $579 ------------------------------------------------------------ Total operating revenue 579 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $3 $3 Maintenance Depreciation and decommissioning 679 1,301 Income taxes (1,650) 99 (5,058) Property and other taxes ------------------------------------------------------------ Total operating expenses (968) 99 (3,754) ------------------------------------------------------------ Operating income 968 480 3,754 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 36 Minority interest Taxes on nonoperating income 17 569 Other nonoperating income - net (42) (1,433) ----------------------------------------------------------- Total Other income (deductions) - net (25) (828) ----------------------------------------------------------- Income before interest and other expenses 943 480 2,926 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 943 480 2,926 Retained earnings - beginning of year (881) 5,676 8,254 Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $62 $6,156 $11,180 ===========================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
EHI Development MHIFED 95 MHICAL 95 Fund Company Company =============================================================================================================== Electric utility revenue Diversified operations $572 $1,432 ------------------------------------------------------------ Total operating revenue 572 1,432 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $3 3 Maintenance Depreciation and decommissioning 2,867 Income taxes 3 63 (8,053) Property and other taxes ------------------------------------------------------------ Total operating expenses 6 63 (5,183) ------------------------------------------------------------ Operating income (6) 509 6,615 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 333 Minority interest Taxes on nonoperating income (136) 859 Other nonoperating income - net (2,108) ----------------------------------------------------------- Total Other income (deductions) - net 197 (1,249) ----------------------------------------------------------- Income before interest and other expenses 191 509 5,366 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 191 509 5,366 Retained earnings - beginning of year 53 6,629 5,404 Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $244 $7,138 $10,770 ===========================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
East Coast Capital, Inc. MHIFED 96A MHIFED 95C Consoliated Company Company =============================================================================================================== Electric utility revenue Diversified operations $1,208 $1,021 ------------------------------------------------------------ Total operating revenue 1,208 1,021 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses 901 $2 Maintenance Depreciation and decommissioning 36 124 Income taxes (22) 196 (848) Property and other taxes ------------------------------------------------------------ Total operating expenses 915 196 (722) ------------------------------------------------------------ Operating income 293 825 722 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4 Minority interest Taxes on nonoperating income (2) 137 Other nonoperating income - net (335) ----------------------------------------------------------- Total Other income (deductions) - net 2 (198) ----------------------------------------------------------- Income before interest and other expenses 293 827 524 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 293 827 524 Retained earnings - beginning of year 112 (108) ($524) Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $405 $719 ===========================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
EHI Mission Development MHIFED 96 Housing Company Company Holdings =============================================================================================================== Electric utility revenue Diversified operations $794 ------------------------------------------------------------ Total operating revenue 794 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $3 $3 Maintenance Depreciation and decommissioning 802 Income taxes 365 (2,992) Property and other taxes ------------------------------------------------------------ Total operating expenses (3) 365 (2,187) ------------------------------------------------------------ Operating income (3) 429 2,187 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 35 Minority interest Taxes on nonoperating income 291 Other nonoperating income - net (1) (714) ----------------------------------------------------------- Total Other income (deductions) - net 34 (423) ----------------------------------------------------------- Income before interest and other expenses 31 429 1,764 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 31 429 1,764 Retained earnings - beginning of year 35 (759) 1,508 Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $66 ($330) $3,272 ===========================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Mission MHICAL 96 Mission Housing Company SA Company Denver =============================================================================================================== Electric utility revenue Diversified operations $4,476 ------------------------------------------------------------ Total operating revenue 4,476 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses 1,083 $3 $3 Maintenance Depreciation and decommissioning 1,330 228 Income taxes (2,888) 27 (1,228) Property and other taxes ------------------------------------------------------------ Total operating expenses (475) 30 (997) ------------------------------------------------------------ Operating income 4,951 (30) 997 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income 963 272 Other nonoperating income - net (2,363) (668) ----------------------------------------------------------- Total Other income (deductions) - net (1,400) (396) ----------------------------------------------------------- Income before interest and other expenses 3,551 (30) 601 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 3,551 (30) 601 Retained earnings - beginning of year 924 (34) 2,187 Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $4,475 ($64) $2,788 ===========================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Edison Edison Edison Housing Housing Housing Georgia South Carolina Oregon, Inc. =============================================================================================================== Electric utility revenue Diversified operations $544 ------------------------------------------------------------ Total operating revenue 544 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $3 27 $3 Maintenance Depreciation and decommissioning 39 Income taxes (143) 161 (1) Property and other taxes ------------------------------------------------------------ Total operating expenses (140) 227 2 ------------------------------------------------------------ Operating income 140 317 (2) ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income 35 42 Other nonoperating income - net (86) (105) ----------------------------------------------------------- Total Other income (deductions) - net (51) (63) ----------------------------------------------------------- Income before interest and other expenses 89 254 (2) ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 89 254 (2) Retained earnings - beginning of year (2) (2) (1) Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $87 $252 ($3) ===========================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing North Carolina Florida New Jersey =============================================================================================================== Electric utility revenue Diversified operations $522 ------------------------------------------------------------ Total operating revenue 522 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses 26 $3 $3 Maintenance Depreciation and decommissioning 108 Income taxes (735) (1) (1) Property and other taxes ------------------------------------------------------------ Total operating expenses (601) 2 2 ------------------------------------------------------------ Operating income 1,123 (2) (2) ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income 79 Other nonoperating income - net (193) ----------------------------------------------------------- Total Other income (deductions) - net (114) ----------------------------------------------------------- Income before interest and other expenses 1,009 (2) (2) ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 1,009 (2) (2) Retained earnings - beginning of year (2) (2) (2) Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $1,007 ($4) ($4) ===========================================================
Edison Capital and Subsidiaries Edisofn Capial Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Edison Capital MHIFED 97 Housing MHICAL 97 Company Pennsylvania Company =============================================================================================================== Electric utility revenue Diversified operations $1,301 ------------------------------------------------------------ Total operating revenue 1,301 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $3 $3 317 Maintenance Depreciation and decommissioning 5 Income taxes (1,566) 379 Property and other taxes ------------------------------------------------------------ Total operating expenses 3 (1,563) 701 ------------------------------------------------------------ Operating income (3) 1,563 600 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income 50 2 Other nonoperating income - net (122) (6) ----------------------------------------------------------- Total Other income (deductions) - net (72) (4) ----------------------------------------------------------- Income before interest and other expenses (1) 1,491 596 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME (3) 1,491 596 Retained earnings - beginning of year (2) (1) Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year ($3) $1,489 $595 ===========================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Edison Capital Edison Capital Housing Housing John Stewart New York Management Company =============================================================================================================== Electric utility revenue Diversified operations $2,601 ------------------------------------------------------------ Total operating revenue 2,601 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $3 $3 2,248 Maintenance Depreciation and decommissioning 153 17 Income taxes 5 (62) 144 Property and other taxes ------------------------------------------------------------ Total operating expenses 8 94 2,409 ------------------------------------------------------------ Operating income (8) (94) 192 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 30 Minority interest Taxes on nonoperating income (12) Other nonoperating income - net ----------------------------------------------------------- Total Other income (deductions) - net 18 ----------------------------------------------------------- Income before interest and other expenses (8) (94) 210 ----------------------------------------------------------- Interest on long-term debt 2 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net 2 ----------------------------------------------------------- NET INCOME (8) (94) 208 Retained earnings - beginning of year Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year ($8) ($94) $208 ===========================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Edison Capital WGA Investors ECHI Affordable Company Wyvernwood, Inc. Housing 97 V =============================================================================================================== Electric utility revenue Diversified operations ------------------------------------------------------------ Total operating revenue ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses 1 Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------------ Total operating expenses ------------------------------------------------------------ Operating income ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ----------------------------------------------------------- Total Other income (deductions) - net ----------------------------------------------------------- Income before interest and other expenses ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME Retained earnings - beginning of year Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year ===========================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Edison Capital Edison Capital Edison Capital Affordable Affordable Affordable Housing 97 VI Housing 97 VII Housing 97 VIII =============================================================================================================== Electric utility revenue Diversified operations ------------------------------------------------------------ Total operating revenue ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses 1 Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------------ Total operating expenses ------------------------------------------------------------ Operating income ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ----------------------------------------------------------- Total Other income (deductions) - net ----------------------------------------------------------- Income before interest and other expenses ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME Retained earnings - beginning of year Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year ===========================================================
Edison Capital and Subsidiaries Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
Edison Capital Edison Capital Housing Housing Consolidating Investments Investments Adjustments Consolidated =============================================================================================================== Electric utility revenue Diversified operations $30,844 $45,894 ------------------------------------------------------------ Total operating revenue 30,844 45,894 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses 13,169 17,842 Maintenance Depreciation and decommissioning 5,436 13,772 Income taxes (22,795) ($1) (50,083) Property and other taxes ------------------------------------------------------------ Total operating expenses (4,190) (1) (18,469) ------------------------------------------------------------ Operating income 35,034 1 64,363 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 7 449 Minority interest Taxes on nonoperating income 5,197 9,163 Other nonoperating income - net (12,764) (22,906) ----------------------------------------------------------- Total Other income (deductions) - net (7,560) (13,294) ----------------------------------------------------------- Income before interest and other expenses 27,474 1 51,069 ----------------------------------------------------------- Interest on long-term debt 47 49 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net 47 49 ----------------------------------------------------------- NET INCOME 27,427 1 51,020 Retained earnings - beginning of year 94,331 1,489 132,250 Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $121,758 $1,490 $183,270 ===========================================================
Edison Capital and Subsidiaries East Coast Capital Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
East Coast EC Asset EC Capital, Inc. Services, Inc. Properties, Inc. =============================================================================================================== Electric utility revenue Diversified operations $882 $326 ------------------------------------------------------------ Total operating revenue 882 326 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses 752 148 Maintenance Depreciation and decommissioning 36 Income taxes 3 69 ($96) Property and other taxes ------------------------------------------------------------ Total operating expenses 791 217 (96) ------------------------------------------------------------ Operating income 91 109 96 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ----------------------------------------------------------- Total Other income (deductions) - net ----------------------------------------------------------- Income before interest and other expenses 91 109 96 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 91 109 96 Retained earnings - beginning of year 94 18 Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $185 $127 $96 ===========================================================
Edison Capital and Subsidiaries East Coast Capital Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
EC Properties, III, EC-SLP, Inc. Inc. =============================================================================================================== Electric utility revenue Diversified operations ------------------------------------------------------------ Total operating revenue ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses $1 Maintenance Depreciation and decommissioning Income taxes $1 1 Property and other taxes ------------------------------------------------------------ Total operating expenses 1 2 ------------------------------------------------------------ Operating income (1) (2) ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ----------------------------------------------------------- Total Other income (deductions) - net ----------------------------------------------------------- Income before interest and other expenses (1) (2) ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME (1) (2) Retained earnings - beginning of year Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year ($1) ($2) ===========================================================
Edison Capital and Subsidiaries East Coast Capital Consolidated Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In Thousands)
East Coast Consolidating Capital, Adjustments Consolidated =============================================================================================================== Electric utility revenue Diversified operations $1,208 ------------------------------------------------------------ Total operating revenue 1,208 ------------------------------------------------------------ Fuel Purchased Power Provisions for regulatory adjustment clauses - net Other operating expenses 901 Maintenance Depreciation and decommissioning 36 Income taxes (22) Property and other taxes ------------------------------------------------------------ Total operating expenses 915 ------------------------------------------------------------ Operating income 293 ------------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ----------------------------------------------------------- Total Other income (deductions) - net ----------------------------------------------------------- Income before interest and other expenses 293 ----------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred stock ----------------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------------- NET INCOME 293 Retained earnings - beginning of year 112 Dividends declared on common stock ----------------------------------------------------------- Retained Earnings - end of year $405 ===========================================================
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Burlington Edison Capital Edison Capital Apartments Housing Housing Inc. Investments Investments ============================================================================================================ Name of Entity: Burlington 16th & Church St. 18303 Kittridge Aboretum L.P. Associates L.P. Assoc-39 LP Ownership Interest 1.00% 99.00% 99.00% Equity Interest (000's) Assets $267 $2,409 $444 Revenues $41 $122 $136 Net Income (Loss) ($9) ($135) ($68)
PAGE 190 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ============================================================================================================ Name of Entity: 1856 Wells Court 210 Washington 2814 Fifth St. Partners, LP Ave Assoc Assoc LP (Wells Court) Renaissance Plaza) (Land Park Woods) Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $3,244 $7,680 $3,040 Revenues $180 $509 $392 Net Income (Loss) ($145) ($542) ($196)
PAGE 191 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Housing Housing Investments Investments ============================================================================================================ Name of Entity: AE Assoc LP Agape Homes (Avenida Espana) Ownership Interest: 99.00% 99.00% Equity Interest (000's) Assets $8,395 $510 Revenues $467 $16 Net Income (Loss) ($313) ($8)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= S> Name of Entity: Anglo Edison Argyle Redevelop Avalon Ravenwood LLC Partnership Ltd Courtyard LP (Carson Senior Housing) Ownership Interest: 99.00% 99.00% 3.00% Equity Interest (000's) Assets $3,540 $5,981 $282 Revenues $0 $2,876 $19 Net Income (Loss) $0 ($308) ($29)
PAGE 193 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: BAI Anglo Edison BAI Anglo Edison Bartlett Hill Pinecrest LLC Ravenwood LLC Assoc LP (Pinecrest) (Ravenwood) Ownership Interest: 99.00% 99.00% 70.00% Equity Interest (000's) Assets $1,160 $3,540 $4,334 Revenues $0 $0 $300 Net Income (Loss) $0 $0 ($319)
PAGE 194 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Beacon Manor Bermuda Gardens Borregas Court Assoc LP Apartments LP LP Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $3,150 $600 $2,400 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 195 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Edison Capital Housing Housing Housing Housing Investments Investments Investments Investments ================================================================================================= Name of Entity: Brantwood II Brooks Bryn Mawr 1732 Champa LP Associates LP School Belle Shore LP (Buerger Assoc LP Bros Lofts) Ownership Interest: 98.99% 99.00% 99.00% 99.00% Equity Interest (000's) Assets $1,680 $2,750 $6,980 $1,130 Revenues $0 $0 $0 $0 Net Income (Loss) $0 $0 $0 $0
PAGE 196 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Burlington Bush Hotel LP Carson Hsg LP Arboretum LP Ownership Interest: 94.66% 99.00% 99.00% Equity Interest (000's) Assets $25,321 $4,800 $2,570 Revenues $3,865 $59 $0 Net Income (Loss) ($842) ($29) $0
PAGE 197 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: CCS/Bellingham CCS/Renton Hsg Cedarshores LP LP LP (Washington Grocery Building) Ownership Interest: 99.00% 99.00% 98.99% Equity Interest (000's) Assets $2,510 $2,200 $6,910 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 198 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Centertown Centro Partners Cochrane Village Assoc LP LP (El Centro) Apartments LP Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $7,412 $5,189 $500 Revenues $385 $260 $0 Net Income (Loss) ($208) ($251) $0
PAGE 199 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Conejo Valley Coolidge Station Coyote Springs Community Hsg Apartments LLC Apts Assoc LP Association (Community House Apts) Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $560 $1,170 $11,575 Revenues $0 $0 $621 Net Income (Loss) $0 $0 ($384)
PAGE 200 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Cypress Cove Delta Plaza EAH Larkspur Associates Apartments LP Creekside Associates LP Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $2,872 $2,096 $2,695 Revenues $204 $0 $224 Net Income (Loss) ($60) ($83) ($107)
PAGE 201 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital ECHI/ ECHI/ Housing Housing EC Properties EC Properties Investments Investments Inc. Inc./CAHLP ================================================================================================= Name of Entity: East Cotati Ave Eastwood Corps for Arbor Lane Partners LP Homes LP Afford Hsg LP Assoc Phase II LP (Timberwood) Ownership Interest: 99.00% 98.99% 1.00% 1.00%*99.00% Equity Interest (000's) Assets $5,634 $5,600 $376 $24 Revenues $267 $0 $55 $2 Net Income (Loss) ($203) $0 ($16) $0
PAGE 202 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ EC Properties EC Properties EC Properties Inc./CAHLP Inc./CAHLP Inc./CAHLP ================================================================================================= Name of Entity: Arroyo Vista Artloft Assoc LP Caleb Afford Associates LP Hsg Assoc LP (Ledges/ Pinebrook) Ownership Interest: 1.00%*99.00% 1.00%*35.60% 1.00%*99.00% Equity Interest (000's) Assets $93 $32 $23 Revenues $15 $4 $12 Net Income (Loss) ($5) ($2) ($2)
PAGE 203 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ EC Properties EC Properties EC Properties Inc./CAHLP Inc./CAHLP Inc./CAHLP ================================================================================================= Name of Entity: The Carlin LP Diamond Phase Fairmount Hotel III Venture LP Urban Renewal Associates LP Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $46 $28 $54 Revenues $5 $2 $2 Net Income (Loss) ($1) $0 ($4)
PAGE 204 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ EC Properties EC Properties EC Properties Inc./CAHLP Inc./CAHLP Inc./CAHLP ================================================================================================= Name of Entity: Mackenzie Park Parkside Assoc LP Pines Hsg LP Associates LP (Parkside Garden) Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $7 $20 $22 Revenues $1 $3 $4 Net Income (Loss) ($0) ($1) ($1)
PAGE 205 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ ECHI/ EC Properties EC Properties EC Properties EC Properties Inc./CAHLP Inc./CAHLP Inc./CAHLP Inc./CAHLP ================================================================================================= Name of Entity: Pines Hsg II Smyrna Gardens Tioga Gardens Walden Pond LP Associates LP LP LP (Hamlet) Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $8 $17 $0 $0 Revenues $3 $2 $0 $0 Net Income (Loss) $1 ($1) $0 $0
PAGE 206 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ EC Properties EC Properties EC Properties Inc. Inc./CAHLP II Inc./CAHLP II ================================================================================================= Name of Entity: Corps for 2601 N. Board Artloft Afford Hsg St. Assoc LP Assoc LP LP II (Station House) Ownership Interest: 1.00% 1.00%*99.00% 1.00%*53.43% Equity Interest (000's) Assets $0 $39 $32 Revenues $0 $0 $3 Net Income (Loss) $0 $0 ($2)
PAGE 207 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ EC Properties EC Properties EC Properties Inc./CAHLP II Inc./CAHLP II Inc./CAHLP II ================================================================================================= Name of Entity: Brookline Hsg. EDA LP Edgewood Manor Associates LLC (Eagle's Nest) Assoc II LP (Bridgewater) Ownership Interest: 1.00%*99.00% 1.00%*99.99% 1.00%*99.00% Equity Interest (000's) Assets $24 $18 $36 Revenues $4 $26 $3 Net Income (Loss) ($7) ($5) ($1)
PAGE 208 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ EC Properties EC Properties EC Properties Inc./CAHLP II Inc./CAHLP II Inc./CAHLP II ================================================================================================= Name of Entity: Gateway Hsg LP Homestead Village Junction City (Gateway Associates LP Apartments LP Townhomes) (Green Park) Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $28 $31 $20 Revenues $14 $3 $5 Net Income (Loss) $2 ($3) $1
PAGE 209 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ ECHI/ EC Properties EC Properties EC Properties EC Properties Inc./CAHLP II Inc./CAHLP II Inc./CAHLP II Inc./CAHLP II ================================================================================================= Name of Entity: Liberty House Maple Ridge Parsonage Cottage Rittenhouse Associates LP Development Sr Residence LP School LP Associates LP Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $22 $0 $14 $29 Revenues $3 $0 $4 $1 Net Income (Loss) ($1) $0 ($2) ($1)
PAGE 210 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ EC Properties EC Properties EC Properties Inc./CAHLP II Inc./CAHLP II Inc./CAHLP II ================================================================================================= Name of Entity: Silver City South 55th W.M. Housing Housing LP Street LP Associates LP (Williamsport Manor) Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $21 $5 $10 Revenues $9 $0 $9 Net Income (Loss) $2 $0 ($2)
PAGE 211 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/EC ECHI/EC EC Properties Properties III Properties III Inc./CAHLP II Inc. Inc./CAHLP III ================================================================================================= Name of Entity: Winnsboro Apts. Corps for Afford Piedmont LP (Deer Wood) Hsg LP III Hsg Assoc Ownership Interest: 1.00%*99.00% 1.00% 1.00%*99.00% Equity Interest (000's) Assets $19 $89 $18 Revenues $0 $12 $7 Net Income (Loss) ($1) $5 $2
PAGE 212 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC ECHI/EC ECHI/EC Properties III Properties III Properties III Inc./CAHLP III Inc./CAHLP III Inc./CAHLP III ================================================================================================= Name of Entity: Pines Hsg III Salem-Lafayette Spring Valley Urban Renewal Commons Associates LP Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $12 $27 $23 Revenues $1 $3 $0 Net Income (Loss) $0 $2 $0
PAGE 213 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Edison ECHI/ECH/HFC ECHI/EC Capital Capital GP Partnership Properties III Housing Housing No. 1/ Inc./CAHLP III Investments Investments ECHP VII LP ================================================================================================= Name of Entity: Stevenson Hsg. ECH/HFC GP Edison Capital C-Court Associates Partnership Hsg Partners LP (Park Vista) No.1 VII LP Ownership Interest: 1.00%*99.00% 34.90% 34.90%*19.40% 34.90%*19.40%* 99.00% Equity Interest (000's) Assets $10 $1,691 $1,902 $211 Revenues $0 $96 $99 $3 Net Income (Loss) $0 ($48) ($51) ($3)
PAGE 214 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ECH/HFC ECHI/ECH/HFC ECHI/ECH/HFC ECHI/ECH/HFC GP Partnership GP Partnership GP Partnership GP Partnership No. 1/ No. 1/ No. 1/ No. 1/ ECHP VII LP ECHP VII LP ECHP VII LP ECHP VII LP ================================================================================================= Name of Entity: Cottonwood Fifth & Flagstaff Afford. Huff Avenue Affordable Wilshire Hsg II LP Associates LP Housing LP (Forest View Apartments) Ownership Interest: 34.90%*19.40%* 34.90%*19.40%* 34.90%*19.40%* 34.90%*19.40% 99.00% 99.00% 99.00% *99.00% Equity Interest (000's) Assets $216 $202 $214 $333 Revenues $0 $0 $0 $50 Net Income (Loss) $0 $0 $0 ($25)
PAGE 215 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC/HFC ECHI/EC/HFC ECHI/EC/HFC GP Partnership GP Partnership GP Partnership No. 1/ECHP VII LP No. 1/ECHP VII LP No. 1/ECHP VII LP ================================================================================================= Name of Entity: Mountain View Oak Forest Paradise Road Townhomes Associates LP Partners LP Associates LP (Gateway Village) Ownership Interest: 34.90%*19.40%* 34.90%*19.40%* 34.90%*19.40% 99.00% 99.00% *99.00% Equity Interest (000's) Assets $174 $81 $181 Revenues $18 $12 $16 Net Income (Loss) ($9) ($6) ($8)
PAGE 216 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ECH/HFC Edison Capital ECHI/ECH/HFC GP Partnership Housing GP Partnership No. 1/ECHP VII LP Investments No. 2 ================================================================================================= Name of Entity: Woodland Arms ECH/HFC GP Edison Capital Apartments Ltd Partnership No.2 Hsg Partners VIII LP Ownership Interest: 34.90%*19.40%* 56.70% 56.70%*18.54% 99.00% Equity Interest (000's) Assets $288 $736 $736 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 217 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ECH/HFC ECHI/ECH/HFC ECHI/Edison GP Partnership GP Partnership Edison Capital Capital No. 2/ No. 2/ Housing Contributions ECHP VIII LP ECHP VIII LP Investments VI Partners ================================================================================================= Name of Entity: Catalonia Ohlone Housing Edison Capital ECH Investors Associates LP Associates LP Contributions Partner VI-A VI Partners LP Ownership Interest: 56.70%*18.54%* 56.70%*18.54%* 91.77% 91.77%*15.39% 99.00% 99.00% Equity Interest (000's) Assets $1,211 $736 $5,626 $5,626 Revenues $39 $0 $168 $168 Net Income (Loss) ($45) $0 ($84) ($84)
PAGE 218 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC ECHI/EC Contributions Contributions ECHI/EC VI Partners/ VI Partners/ Contributions ECH Investors ECH Investors VI Partners/ Partner VI-A LP/ Partner VI-A LP/ ECH Investors ECH Partners ECH Partners Partner VI-A LP VI LP VI LP ================================================================================================= Name of Entity: Edison Capital Admiralty Heights Afford/Citrus Housing Assoc II 1995 LP Glenn Phase II Partners VI LP (Kent Manor) Ltd (Citrus Glenn Apts. Phase II) Ownership Interest: 91.77%*15.39%* 91.77%*15.39%* 91.77%*15.39%* 61.82% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $5,626 $255 $295 Revenues $168 $0 $0 Net Income (Loss) ($84) $0 $0
PAGE 219 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC ECHI/EC ECHI/EC Contributions Contributions Contributions VI Partners/ VI Partners/ VI Partners/ ECH Investors ECH Investors ECH Investors Partner VI-A LP/ Partner VI-A LP/ Partner VI-A LP/ ECH Partners ECH Partners ECH Partners VI- LP VI LP VI LP ================================================================================================= Name of Entity: Altamont Hotel Bradley Manor Double X Associates LP Sr Apartments Associates LP 1995 LP (Terrace Manor) Ownership Interest: 91.77%*15.39%* 91.77%*15.39%* 91.77%*15.39%* 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $242 $111 $255 Revenues $43 $15 $0 Net Income (Loss) ($22) ($7) $0
PAGE 220 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC ECHI/EC ECHI/EC Contributions Contributions Contributions VI Partners/ VI Partners/ VI Partners/ ECH Investors ECH Investors ECH Investors Partner VI-A LP/ Partner VI-A LP/ Partner VI-A LP/ ECH Partners ECH Partners ECH Partners VI LP VI LP VI LP ================================================================================================= Name of Entity: Hamilton Place Hamilton Place Hearthstone Apartments LP Sr Living LP Group 3 LP (Larkin Place) (Evergreen Court) Ownership Interest: 91.77%*15.39%* 91.77%*15.39%* 91.77%*15.39%* 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $232 $1,979 $164 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 221 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC ECHI/EC ECHI/EC Contributions Contributions Contributions VI Partners/ VI Partners/ VI Partners/ ECH Investors ECH Investors ECH Investors Partner VI-A LP/ Partner VI-A LP/ Partner VI-A LP/ ECH Partners ECH Partners ECH Partners VI LP VI LP VI LP ================================================================================================= Name of Entity: KDF Malabar LP LINC-Bristol MAS-WT LP Associates I LP (Washingaton (City Gardens) Terrace) Ownership Interest: 91.77%*15.39%* 91.77%*15.39%* 91.77%*15.39%* 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $185 $257 $639 Revenues $0 $23 $39 Net Income (Loss) $0 ($12) ($19)
PAGE 222 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC ECHI/EC ECHI/EC Contributions Contributions Contributions VI Partners/ VI Partners/ VI Partners/ ECH Investors ECH Investors ECH Investors Partner VI-A LP/ Partner VI-A LP/ Partner VI-A LP/ ECH Partners ECH Partners ECH Partners VI LP VI LP VI LP ================================================================================================= Name of Entity: Northwood Manor Silver Lake University Park Associates LP Properties LP Properties LP Ownership Interest: 91.77%*15.39%* 91.77%*15.39%* 91.77%*15.39%* 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $271 $131 $175 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 223 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC ECHI/EC ECHI/EC Contributions Contributions Contributions VI Partners/ VI Partners/ VI Partners/ ECH Investors ECH Investors ECH Investors ECHI/ Partner VI-A LP/ Partner VI-A LP/ Partner VI-A LP/ Edison Capital ECH Partners ECH Partners ECH Partners Contributions VI LP VI LP VI LP VI Partners ================================================================================================= Name of Entity: Upland Senior Vista Verde Vista Properties ECH Investors Housing LP Townhomes II LLC Partner VI-B (Coy D. Estes) LLC (Vista View) LP Ownership Interest: 91.77%*15.39%* 91.77%*15.39%* 91.77%*15.39%* 91.77%*15.39% 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $284 $149 $260 $2,494 Revenues $48 $0 $0 $116 Net Income (Loss) ($24) $0 $0 ($58)
PAGE 224 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC ECHI/EC Contributions Contributions ECHI/EC VI Partners/ VI Partners/ Contributions ECH Investors ECH Investors VI Partners/ Partner VI-B LP/ Partner VI-B LP/ ECH Investors ECH Partners ECH Partners Partner VI-B LP VI LP VI LP ================================================================================================= Name of Entity: Edison Capital Admiralty Heights Affordable/ Housing Partners Associates II Citrus Glenn VI LP 1995 LP Phase II Ltd. (Kent Manor) (Citrus Glenn Apts Phase II) Ownership Interest: 91.77%*15.39%* 91.77%*15.39%* 91.77%*15.39%* 37.18% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $2,494 $155 $180 Revenues $116 $0 $0 Net Income (Loss) ($58) $0 $0
PAGE 225 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC ECHI/EC ECHI/EC Contributions Contributions Contributions VI Partners/ VI Partners/ VI Partners/ ECH Investors ECH Investors ECH Investors Partner VI-B LP/ Partner VI-B LP/ Partner VI-B LP/ ECH Partners ECH Partners ECH Partners VI LP VI LP VI LP ================================================================================================= Name of Entity: Altamont Hotel Bradley Manor Double X Associates LP Sr Apartments Associates LP 1995 LP (Terrace Manor) Ownership Interest: 91.77%*15.39%* 91.77%*15.39%* 91.77%*15.39%* 37.18%*99% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $147 $68 $155 Revenues $26 $9 $0 Net Income (Loss) $13) ($5) $0
PAGE 226 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC ECHI/EC ECHI/EC Contributions Contributions Contributions VI Partners/ VI Partners/ VI Partners/ ECH Investors ECH Investors ECH Investors Partner VI-B LP/ Partner VI-B LP/ Partner VI-B LP/ ECH Partners ECH Partners ECH Partners VI LP VI LP VI LP ================================================================================================= Name of Entity: Hamilton Place Hamilton Place Hearthstone Apartments LP Senior Living LP Group 3 LP (Larkin Place) (Evergreen Court) Ownership Interest: 91.77%*15.39%* 91.77%*15.39%* 91.77%*15.39%* 37.18%*99% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $141 $120 $100 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 227 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC ECHI/EC ECHI/EC Contributions Contributions Contributions VI Partners/ VI Partners/ VI Partners/ ECH Investors ECH Investors ECH Investors Partner VI-B LP/ Partner VI-B LP/ Partner VI-B LP/ ECH Partners ECH Partners ECH Partners VI LP VI LP VI LP ================================================================================================= Name of Entity: KDF Malabar LP LINC-Bristol MAS-WT LP Associates I LP (Washington (City Gardens) Terrace) Ownership Interest: 91.77%*15.39%* 91.77%*15.39%* 91.77%*15.39%* 37.18%*99% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $112 $156 $389 Revenues $0 $14 $24 Net Income (Loss) $0 ($7) ($12)
PAGE 228 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC ECHI/EC ECHI/EC Contributions Contributions Contributions VI Partners/ VI Partners/ VI Partners/ ECH Investors ECH Investors ECH Investors Partner VI-B LP/ Partner VI-B LP/ Partner VI-B LP/ ECH Partners ECH Partners ECH Partners VI LP VI LP VI LP ================================================================================================= Name of Entity: Northwood Manor Silver Lake University Associates LP Properties LP Park Properties LP Ownership Interest: 91.77%*15.39%* 91.77%*15.39%* 91.77%*15.39%* 37.18%*99% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $165 $80 $107 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 229 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC ECHI/EC ECHI/EC Contributions Contributions Contributions VI Partners/ VI Partners/ VI Partners/ ECH Investors ECH Investors ECH Investors Partner VI-B LP/ Partner VI-B LP/ Partner VI-B LP/ ECH Partners ECH Partners ECH Partners VI LP VI LP VI LP ================================================================================================= Name of Entity: Upland Senior Vista Verde Vista Housing LP Townhomes II Properties (Coy D. Estes) LLC LLC (Vista View) Ownership Interest: 91.77%*15.39%* 91.77%*15.39%* 91.77%*15.39%* 37.18%*99% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $173 $91 $158 Revenues $29 $0 $15 Net Income (Loss) ($14) $0 ($7)
PAGE 230 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Partners V LP Partners V LP ================================================================================================= Name of Entity: Edison Capital AMCAL Santa Bodega Hills Housing Barbara Fund Investors LP Partners V LP XXXVI LP (Positano) Ownership Interest: 16.38% 16.38%*99.00% 16.38%*99.00% Equity Interest (000's) Assets $0 $983 $283 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 231 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ Edison Capital Edison Capital Edison Capital Housing Housing Housing Partners V LP Partners V LP Partners V LP ================================================================================================= Name of Entity: Mercy Housing Park Place River Walk California IV LP Terrace LP Apartments (Vista Grande) Homes LP Ownership Interest: 16.38%*99.00% 16.38%*99.00% 16.38%*99.00% Equity Interest (000's) Assets $778 $1,607 $364 Revenues $18 $73 $32 Net Income (Loss) ($24) ($47) ($16)
PAGE 232 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ ECHI/ Edison Edison Edison Edison Capital Capital Capital Capital Housing Housing Housing Housing Partners V Partners V Partners V Partners V LP LP LP LP ================================================================================================= Name of Entity: San Diego Santa Alicia St. Hedwig's Sunshine Golden Villa Gardens Gardens Terrace Partners LP Townhomes LP LP (The Gardens) Ownership Interest: 16.38%*99.00% 16.38%*99.00% 16.38%*99.00% 16.38%*99.00% Equity Interest (000's) Assets $239 $451 $328 $686 Revenues $0 $17 $0 $0 Net Income (Loss) $0 ($12) $0 $0
PAGE 233 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI Edison Capital ECHI/ECHM/ ECHI/ECHM/ Housing John Stewart John Stewart Partners V LP Company Company ================================================================================================= Name of Entity: Union Meadows 2814 Fifth St 381 Turk St Apartments Associates LP LP Ownership Interest: 16.38%*99.00% 0.50% 1.00% Equity Interest (000's) Assets $490 $9 $4 Revenues $0 $1 $2 Net Income (Loss) $0 $0 $0
PAGE 234 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ECHM/ ECHI/ECHM/ ECHI/ECHM/ John Stewart John Stewart John Stewart Company Company Company ================================================================================================= Name of Entity: Community Crescent Manor Del Norte Investment LP Associates LP Place LP (Oak Village Apartments) Ownership Interest: 1.00% 2.85% 18.00% Equity Interest (000's) Assets $6 $20 $2,681 Revenues $5 $21 $285 Net Income (Loss) $0 $1 ($91)
PAGE 235 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ECHM/ ECHI/ECHM/ ECHI/ECHM/ John Stewart John Stewart John Stewart Company Company Company ================================================================================================= Name of Entity: The IBEX Group Jackie Robinson Larkspur Apartments LP Isle LP Ownership Interest: 10.00% 1.67% 0.50% Equity Interest (000's) Assets $298 $29 $3 Revenues $0 $20 $1 Net Income (Loss) ($53) $2 $0
PAGE 236 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ECHM/ ECHI/ECHM/ ECHI/ECHM/ John Stewart John Stewart John Stewart Company Company Company ================================================================================================= Name of Entity: Las Casitas LP Mason Street Mountain View Enterprises LP Apts LP Ownership Interest: 0.50% 1.00% 0.26% Equity Interest (000's) Assets $4 $14 $0 Revenues $2 $2 $0 Net Income (Loss) ($1) $1 $0
PAGE 237 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ECHM/ ECHI/ECHM/ ECHI/ECHM/ ECHI/ECHM/ John Stewart John Stewart John Stewart John Stewart Company Company Company Company ================================================================================================= Name of Entity: Piper Court Shiloh Arms St. John's LP Village East GP LP Apartments LP Ownership Interest: 50.00% 10.80% 20.60% 3.00% Equity Interest (000's) Assets $510 $117 $310 $23 Revenues $134 $6 $285 $25 Net Income (Loss) ($21) $2 $282 $1
PAGE 238 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ECHM/ John Stewart ECHI/ECH ECHI/ECH ECHI/ECH Company New Jersey New Jersey New Jersey ================================================================================================= Name of Entity: Woodhaven El Barrio Pellettieri Pier A Senior Academy Urban Homes Urban Historic Residence LP Renewal Renewal Rehabilitation Assoc LP Assoc LP at Battery Park Ownership Interest: 1.00% 98.99% 98.99% 99.00% Equity Interest (000's) Assets $24 $3,218 $5,613 $4,386 Revenues $5 $0 $0 $0 Net Income (Loss) ($1) $0 $0 $0
PAGE 239 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ECH ECHI/ECH ECHI/ECH Pennsylvania Pennsylvania Pennsylvania ================================================================================================= Name of Entity: Lackawana Hsg McFarland Press Villa Maria Associates LLC Associates Housing LP (Goodwill Neighborhood Residences) Ownership Interest: 99.00% 98.90% 98.90% Equity Interest (000's) Assets $1,980 $4,316 $2,594 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 240 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH North Carolina/ ECHI/EH EC Contributions North Carolina/ VI Partners/ECH ECHI/EH ECHI/EH EC Contributions Investors Partner Georgia North Carolina VI Partners VI-8 LP ================================================================================================= Name of Entity: HMB- Edison Capital ECH Edison Capital Atlanta I LP Contributions VI Investors Housing (Spring Partners Partner VI-A Partner VI-A Branch) LP LP Ownership Interest: 99.00% 4.03% 4.03%*15.39% 4.03%*15.39%*61.82% Equity Interest (000's) Assets $990 $175 $175 $195 Revenues $0 $8 $8 $9 Net Income (Loss) $0 ($4) ($4) ($4)
PAGE 241 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EC ECHI/EH ECHI/EH ECHI/EH North Carolina/ North Carolina/ North Carolina/ North Carolina/ EC Contributions EC Contributions EC Contributions EC Contributions VI Partners/ VI Partners/ECH VI Parners/ECH VI Partners/ECH ECH Investors Investors Partner Investors Partner Investors Partner Partner VI-A LP/ECH VI-A LP/ECH VI-A LP/ECH VI-A LP/ECH Partners VI LP Partners VI LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: Admiralty Heights Affordable/Citrus Altamont Hotel Bradley Manor Associates II Glenn Phase II Associates LP Senior Apts 1995 LP Ltd. LP LP (Kent Manor) (Citrus Glenn Apts PhaseII Ownership Interest: 4.03%*15.39%* 4.03%*15.39%* 4.03%*15.39%* 4.03%*15.39%* 61.82%*99% 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $12 $14 $14 $5 Revenues $0 $0 $0 $1 Net Income (Loss) $0 $0 $0 $0
PAGE 242 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH ECHI/EH North Carolina/ North Carolina/ North Carolina/ North Carolina/ EC Contributions EC Contributions EC Contributions EC Contributions VI Partners/ VI Partners/ECH VI Partners/ECH VI Partners/ECH ECH Investors Investors Partner Investors Partner Investors Partner Partner VI-A LP/ECH VI-A LP/ECH VI-A LP/ECH VI-A LP/ECH Partners VI LP Partners VI LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: Double X Hamilton Place Hamilton Place Hearthstone Associates Apartments LP Senior Living LP Group 3 LP 1995 LP (Larkin Place) (Evergreen (Terrace Manor) Court) Ownership Interest: 4.03%*15.39%* 4.03%*15.39%* 4.03%*15.39%* 4.03%*15.39%* 61.82%*99% 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $11 $5 $12 $11 Revenues $2 $1 $0 $0 Net Income (Loss) ($1) $0 $0 $0
PAGE 243 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH North Carolina/ North Carolina/ North Carolina/ EC Contributions EC Contributions EC Contributions VI Partners/ VI Partners/ECH VI Partners/ECH ECH Investors Investors Partner Investors Partner Partner VI-A LP/ECH VI-A LP/ECH VI-A LP/ECH Partners VI LP Partners VI LP Partners VI LP =============================================================================================== Name of Entity: KDF Malabar LP LINC-Bristol MAS-WT LP Associates I LP (Washington (City Gardens) Terrace) Ownership Interest: 4.03%*15.39%* 4.03%*15.39%* 4.03%*15.39%* 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $9 $8 $9 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 244 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH North Carolina/ North Carolina/ North Carolina/ EC Contributions EC Contributions EC Contributions VI Partners/ VI Partners/ECH VI Partners/ECH ECH Investors Investors Partner Investors Partner Partner VI-A LP/ECH VI-A LP/ECH VI-A LP/ECH Partners VI LP Partners VI LP Partners VI LP =============================================================================================== Name of Entity: Northwood Manor Silver Lake University Associates LP Properties LP Park Properties LP Ownership Interest: 4.03%*15.39%* 4.03%*15.39%* 4.03%*15.39%* 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $12 $30 $13 Revenues $1 $2 $0 Net Income (Loss) ($1) ($1) $0
PAGE 245 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH North Carolina/ North Carolina/ North Carolina/ EC Contributions EC Contributions EC Contributions VI Partners/ VI Partners/ECH VI Partners/ECH ECH Investors Investors Partner Investors Partner Partner VI-A LP/ECH VI-A LP/ECH VI-A LP/ECH Partners VI LP Partners VI LP Partners VI LP =============================================================================================== Name of Entity: Upland Senior Vista Verde Vista Housing LP Townhomes II Properties (Coy D. Estes) LLC LLC (Vista View) Ownership Interest: 4.03%*15.39%* 4.03%*15.39%* 4.03%*15.39%* 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $6 $8 $13 Revenues $0 $0 $2 Net Income (Loss) $0 $0 ($1)
PAGE 246 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH North Carolina/ North Carolina/ North Carolina/ EC Contributions EC Contributions ECHI/EH EC Contributions VI Partners/ECH VI Partners/ECH North Carolina VI Partners/ECH Investors Partner Investors Partner EC Contributions Investors Partner VI-B LP/ECH VI-B LP/ECH VI Partners VI-B LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: ECH Investors Edison Capital Admiralty Heights Affordable/ Partner VI-B LP Housing Partners Associates II Citrus Glenn VI LP 1995 LP Phase II (Kent Manor) Ltd (Citrus Glenn Apts Phase II) Ownership Interest: 4.03%*15.39% 4.03%*15.39%* 4.03%*15.39%* 4.03%*15.39%* 37.18% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $110 $98 $7 $8 Revenues $5 $4 $0 $0 Net Income (Loss) ($3) ($2) $0 $0
PAGE 247 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH North Carolina/ North Carolina/ North Carolina/ EC Contributions EC Contributions EC Contributions VI Partners/ VI Partners/ECH VI Partners/ECH ECH Investors Investors Partner Investors Partner Partner VI-B LP/ECH VI-B LP/ECH VI-B LP/ECH Partners VI LP Partners VI LP Partners VI LP =============================================================================================== Name of Entity: Altamont Hotel Bradley Manor Double X Associates LP Senior Apts LP Associates 1995 LP (Terrace Manor) Ownership Interest: 4.03%*15.39%* 4.03%*15.39%* 4.03%*15.39%* 37.18%*99% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $6 $3 $7 Revenues $1 $0 $0 Net Income (Loss) ($1) $0 $0
PAGE 248 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH North Carolina/ North Carolina/ North Carolina/ EC Contributions EC Contributions EC Contributions VI Partners/ VI Partners/ECH VI Partners/ECH ECH Investors Investors Partner Investors Partner Partner VI-B LP/ECH VI-B LP/ECH VI-B LP/ECH Partners VI LP Partners VI LP Partners VI LP =============================================================================================== Name of Entity: Hamilton Place Hamilton Place Hearthstone Apartments LP Senior Living LP Group 3 LP (Larkin Place) (Evergreen Court) Ownership Interest: 4.03%*15.39%* 4.03%*15.39%* 4.03%*15.39%* 37.18%*99% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $6 $5 $4 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 249 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH ECHI/EH North Carolina/ North Carolina/ North Carolina/ North Carolina/ EC Contributions EC Contributions EC Contributions EC Contributions VI Partners/ECH VI Partners/ECH VI Partners/ECH VI Partners/ECH Investors Partner Investors Partner Investors Partner Investors Partner VI-B LP/ECH VI-B LP/ECH VI-B LP/ECH VI-B LP/ECH Partners VI LP Partners VI LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: KDF Malabar LP LINC-Bristol MAS-WT LP Northwood Manor Associates I LP (Washington Associates LP (City Gardens) Terrace) Ownership Interest: 4.03%*15.39%* 4.03%*15.39%* 4.03%*15.39%* 4.03%*15.39%* 37.18%*99% 37.18%*99% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $5 $4 $7 $7 Revenues $0 $0 $1 $1 Net Income (Loss) $0 $0 $0 $0
PAGE 250 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH ECHI/EH North Carolina/ North Carolina/ North Carolina/ North Carolina/ EC Contributions EC Contributions EC Contributions EC Contributions VI Partners/ECH VI Partners/ECH VI Partners/ECH VI Partners/ECH Investors Partner Investors Partner Investors Partner Investors Partner VI-B LP/ECH VI-B LP/ECH VI-B LP/ECH VI-B LP/ECH Partners VI LP Partners VI LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: Silver Lake University Park Upland Senior Vista Verde Properties LP Properties LP Housing LP Townhomes II (Coy D. Estes) LLC Ownership Interest: 4.03%*15.39%* 4.03%*15.39%* 4.03%*15.39%* 4.03%*15.39%* 37.18%*99% 37.18%*99% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $17 $7 $3 $5 Revenues $1 $0 $0 $0 Net Income (Loss) ($1) $0 $0 $0
PAGE 251 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH North Carolina/ EC Contributions VI Partners/ECH ECHI/EH Investors Partner South Carolina/ VI-B LP/ECH ECHI/EH EC Contributions Partners VI LP South Carolina VI Partners ================================================================================================= Name of Entity: Vista Properties Edison Capital ECH Investors LLC Contributions VI Partner VI-A (Vista View) Partners LP Ownership Interest: 4.03%*15.39%* 4.20% 4.20%*15.39% 37.18%*99% Equity Interest (000's) Assets $8 $171 $171 Revenues $1 $8 $8 Net Income (Loss) ($1) ($4) ($4)
PAGE 252 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH South Carolina/ ECHI/EH South Carolina/ EC Contributions South Carolina/ EC Contributions VI Partners/ EC Contributions VI Partners/ECH ECH Investors VI Partners/ECH Investors Partner Partner Investors Partner VI-A LP/ECH VI-A LP/ECH VI-A LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: Edison Capital Admiralty Heights Affordable/ Housing Partners Associates II 1995 Citrus Glenn VI LP LP Phase II Ltd (Kent Manor) (Citrus Glenn Apts Phase II) Ownership Interest: 4.20%*15.39%* 4.20%*15.39%* 4.20%*15.39%* 61.82% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $171 $12 $14 Revenues $8 $0 $0 Net Income (Loss) ($4) $0 $0
PAGE 253 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EC ECHI/EH South Carolina/ South Carolina/ South Carolina/ EC Contributions EC Contributions EC Contributions VI Partners/ VI Partners/ECH VI Partners/ECH ECH Investors Investors Partner Investors Partner Partner VI-A LP/ECH VI-A LP/ECH VI-A LP/ECH Partners VI LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: Altamont Hotel Bradley Manor Double X Associates LP Senior Apts LP Associates 1995 LP (Terrace Manor) Ownership Interest: 4.20%*15.39%* 4.20%*15.39%* 4.20%*15.39%* 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $11 $5 $12 Revenues $2 $1 $0 Net Income (Loss) ($1) $0 $0
PAGE 254 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH South Carolina/ South Carolina/ South Carolina/ EC Contributions EC contributions EC Contributions VI Partners/ VI Partners/ECH VI Partners/ECH ECH Investors Investors Partner Investors Partner Partner VI-A LP/ECH VI-A LP/ECH VI-A LP/ECH Partners VI LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: Hamilton Place Hamilton Place Hearthstone Apartments LP Senior Living LP Group 3 LP (Larkin Place) (Evergreen Court) Ownership Interest: 4.20%*15.39%* 4.20%*15.39%* 4.20%*15.39%* 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $11 $9 $8 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 255 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH South Carolina/ South Carolina/ South Carolina/ EC Contributions EC Contributions EC Contributions VI Partners/ECH VI Partners/ECH VI Partners/ECH Investors Partner Investors Partner Investors Partner VI-A LP/ECH VI-A LP/ECH VI-A LP/ECH Partners VI LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: KDF Malabar LP LINC-Bristol MAS-WT LP Associates I LP (Washington (City Gardens) Terrace) Ownership Interest: 4.20%*15.39%* 4.20%*15.39%* 4.20%*15.39%* 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $9 $12 $30 Revenues $0 $1 $2 Net Income (Loss) $0 ($1) ($1)
PAGE 256 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH South Carolina/ South Carolina/ South Carolina/ EC Contributions EC Contributions EC Contributions VI Partners/ECH VI Partners/ECH VI Partners/ECH Investors Partner Investors Partner Investors Partner VI-A LP/ECH VI-A LP/ECH VI-A LP/ECH Partners VI LP Partners VII LP Partners VI LP ================================================================================================= Name of Entity: Northwood Manor Silver Lake University Associates LP Properties LP Park Properties LP Ownership Interest: 4.20%*15.39%* 4.20%*15.39%* 4.20%*15.39%* 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $13 $6 $8 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 257 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH South Carolina/ South Carolina/ South Carolina/ EC Contributions EC Contributions EC Contributions VI Partners/ECH VI Partners/ECH VI Partners/ECH Investors Partner Investors Partner Investors Partner VI-A LP/ECH VI-A LP/ECH VI-A LP/ECH Partners VI LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: Upland Senior Vista Verde Vista Housing LP Townhomes II Properties LLC (Coy D. Estes) LLC (Vista View) Ownership Interest: 4.20%*15.39%* 4.20%*15.39%* 4.20%*15.39%* 61.82%*99% 61.82%*99% 61.82%*99% Equity Interest (000's) Assets $13 $13 $0 Revenues $2 $2 $0 Net Income (Loss) ($1) ($1) $0
PAGE 258 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH South Carolina/ South Carolina/ EC Contributions ECHI/EH EC Contributions VI Partners/ECH South Carolina/ VI Partners/ECH Investors Partner EC Contributions Investors Partner VI-B LP/ECH VI Partners VI-B LP Partners VI LP ================================================================================================= Name of Entity: ECH Investors Edison Capital Admiralty Partner VI-B LP Housing Partners Heights VI LP Associates II 1995 LP (Kent Manor) Ownership Interest: 4.20%*15.39% 4.20%*15.39%* 4.20%*15.39%* 37.18% 37.18%*99% Equity Interest (000's) Assets $103 $103 $7 Revenues $5 $5 $0 Net Income (Loss) ($2) ($2) $0
PAGE 259 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH South Carolina/ South Carolina/ South Carolina/ EC Contributions EC Contributions EC Contributions VI Partners/ECH VI Partners/ECH VI Partners/ECH Investors Partner Investors Partner Investors Partner VI-B LP/ECH VI-B LP/ECH VI-B LP/ECH Partners VI LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: Affordable/ Altamont Hotel Bradley Manor Citrus Glenn Associates LP Senior Apts LP Phase II Ltd (Citrus Glenn Apts Phase II) Ownership Interest: 4.20%*15.39%* 4.20%*15.39%* 4.20%*15.39%* 37.18%*99% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $8 $7 $3 Revenues $0 $1 $0 Net Income (Loss) $0 ($1) $0
PAGE 260 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH South Carolina/ South Carolina/ South Carolina/ EC Contributions EC Contributions EC Contributions VI Partners/ECH VI Partners/ECH VI Partners/ECH Investors Partner Investors Partner Investors Partner VI-B LP/ECH VI-B LP/ECH VI-B LP/ECH Partners VI LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: Double X Hamilton Place Hamilton Place Associates Apartments LP Senior Living 1995 LP (Larkin Place) LP (Terrace Manor) Ownership Interest: 4.20%*15.39%* 4.20%*15.39%* 4.20%*15.39%* 37.18%*99% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $7 $6 $5 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 261 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH South Carolina/ South Carolina/ South Carolina/ EC Contributions EC Contributions EC Contributions VI Partners/ECH VI Partners/ECH VI Partners/ECH Investors Partner Investors Partner Investors Partner VI-B LP/ECH VI-B LP/ECH VI-B LP/ECH Partners VI LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: Hearthstone KDF Malabar LP LINC-Bristol Group 3 LP Associates I (Evergreen Court) LP (City Gardens) Ownership Interest: 4.20%*15.39%* 4.20%*15.39%* 4.20%*15.39%* 37.18%*99% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $5 $5 $7 Revenues $0 $0 $1 Net Income (Loss) $0 $0 $0
PAGE 262 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH South Carolina/ South Carolina/ South Carolina/ EC Contributions EC Contributions EC Contributions VI Partners/ECH VI Partners/ECH VI Partners/ECH Investors Partner Investors Partner Investors Partner VI-B LP/ECH VI-B LP/ECH VI-B LP/ECH Partners VI LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: MAS-WT LP Northwood Manor Silver Lake (Washington Associates LP Properties LP Terrace) Ownership Interest: 4.20%*15.39%* 4.20%*15.39%* 4.20%*15.39%* 37.18%*99% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $18 $8 $4 Revenues $1 $0 $0 Net Income (Loss) ($1) $0 $0
PAGE 263 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH ECHI/EH ECHI/EH South Carolina/ South Carolina/ South Carolina/ EC Contributions EC Contributions EC Contributions VI Partners/ECH VI Partners/ECH VI Partners/ECH Investors Partner Investors Partner Investors Partner VI-B LP/ECH VI-B LP/ECH VI-B LP/ECH Partners VI LP Partners VI LP Partners VI LP ================================================================================================= Name of Entity: University Park Upland Senior Vista Verde Properties LP Housing LP Townhomes II LLC (Coy D. Estes) Ownership Interest: 4.20%*15.39%* 4.20%*15.39%* 4.20%*15.39%* 37.18%*99% 37.18%*99% 37.18%*99% Equity Interest (000's) Assets $5 $8 $0 Revenues $0 $1 $0 Net Income (Loss) $0 ($1) $0
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/EH South Carolina/ EC Contributions VI Partners/ECH Investors Partner Edison Capital Edison Capital VI-B LP/ECH Housing Housing Partners VI LP Investments Investments ================================================================================================= Name of Entity: Vista Properties Edmundson Elizabeth LLC Associates LP West & East LP (Vista View) (Willows) Ownership Interest: 4.20%*15.39%* 99.00% 99.00% 37.18%*99% Equity Interest (000's) Assets $0 $3,388 $600 Revenues $0 $160 $102 Net Income (Loss) $0 ($145) ($51)
PAGE 265 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Elk View Homes Farm (The) Florence Associates LP Apts LLC Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $0 $5,986 $2,090 Revenues $0 $258 $0 Net Income (Loss) $0 ($170) $0
PAGE 266 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================ Name of Entity: Garnet Housing Gilroy Redwood Ginzton Associates Associates LP Assoc LP (Redwoods) Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $900 $3,157 $9,406 Revenues $44 $180 $651 Net Income (Loss) ($22) ($133) ($251)
PAGE 267 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Grace Hsg LP Grandy Lake Grossman 1996 LP Apartments (Grandy Lake Investors Residences) LP Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $3,290 $0 $1,181 Revenues $0 $0 $100 Net Income (Loss) $0 $0 ($36)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Harry Clark Jr Heartland- Heather Glen Residential Wisconsin Associates LP Center LLC Rapids Timber Trails LLC (Timber Trails) Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $890 $3,681 $5,343 Revenues $0 $101 $344 Net Income (Loss) $0 ($109) ($238)
PAGE 269 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Holy Family Kennedy Lofts Lark Ellen LP Associates LP Associates LP Ownership Interest: 99.00% 97.00% 99.00% Equity Interest (000's) Assets $9,978 $18,804 $3,590 Revenues $563 $2,045 $0 Net Income (Loss) ($301) ($865) $0
PAGE 270 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Las Brisas Maplewood School Mar Apartments LP Apartments LP Associates LP Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $830 $2,420 $11,420 Revenues $172 $0 $706 Net Income (Loss) ($86) $0 ($490)
PAGE 271 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Marlton Mercy Housing Merrill Road Residences California IX LP Associates LP Associates LP (Sycamore) Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $1,940 $4,520 $1,009 Revenues $0 $0 $24 Net Income (Loss) $0 $0 ($54)
PAGE 272 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Housing ECHI/ Housing Investments MH I LP Investments ================================================================================================= Name of Entity: MH I LP California Park MH II LP Apartments LP Ownership Interest: 1.00% 1.00%*99.00% 1.00% Equity Interest (000's) Assets $33 $33 $12 Revenues $4 $4 $2 Net Income (Loss) ($2) ($2) ($1)
PAGE 273 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Edison Capital Capital ECHI/ Housing ECHI/ Housing MH III LP Investments MH III LP Investments ================================================================================================= Name of Entity: 5363 Dent MH III LP DeRose Housing MH IV LP Avenue Associates LP Associates LP Ownership Interest: 1.00%*99.00% 1.00% 1.00%*99.00% 1.00% Equity Interest (000's) Assets $12 $12 $49 $70 Revenues $2 $2 $5 $10 Net Income (Loss) ($1) ($1) ($4) ($2)
PAGE 274 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital ECHI/ Housing ECHI/ Housing MH IV LP Investments MH V LP Investments ================================================================================================= Name of Entity: MPT Apartments MH V LP Centennial MHIFED 94 LP LP Place LP (MacArthur Park) Ownership Interest: 1.00%*99.00% 1.00% 1.00%*99.00% 1.00% Equity Interest (000's) Assets $70 $99 $99 $662 Revenues $10 $5 $5 $31 Net Income (Loss) ($2) (4) ($4) ($19)
PAGE 275 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ ECHI/ MHIFED 94 LP MHIFED 94 LP MHIFED 94 LP MHIFED 94 LP ================================================================================================= Name of Entity: Berry Avenue Carlton Way CDR Senior Hsg Corona Associates LP Apartments Associates Ely/Ranch LP (Casa del Rio) Associates LP Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $84 $41 $68 $101 Revenues $3 $2 $3 $4 Net Income (Loss) ($3) ($1) ($2) ($3)
PAGE 276 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHIFED 94 LP MHIFED 94 LP MHIFED 94 LP ================================================================================================= Name of Entity: Fairview Village Fell Street Hope West Associates LP Housing Apartments LP Associates LP Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $8 $141 $28 Revenues $0 $6 $1 Net Income (Loss) $0 ($3) ($1)
PAGE 277 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHIFED 94 LP MHIFED 94 LP MHIFED 94 LP ================================================================================================= Name of Entity: Morrone Gardens Pajaro Court Tierra Linda Associates LP Associates LP Associates LP Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $80 $17 $30 Revenues $6 $1 $1 Net Income (Loss) ($2) ($1) ($1)
PAGE 278 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital ECHI/ Housing ECHI/ MHIFED 94 LP Investments MHIFED 95 LP ================================================================================================= Name of Entity: Tlaquepaque MHIFED 95 LP Avalon Housing Courtyard LP Associates LP (Carson Senior Housing) Ownership Interest: 1.00%*99.00% 1.00% 1.00%*99.00% Equity Interest (000's) Assets $64 $691 $94 Revenues $4 $35 $6 Net Income (Loss) ($2) ($30) ($10)
PAGE 279 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHIFED 95 LP MHIFED 95 LP MHIFED 95 LP ================================================================================================= Name of Entity: Hollywood LaBrea/ Larkin Pine El Centro LP Franklin LP LP Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $117 $62 $87 Revenues $6 $3 $3 Net Income (Loss) ($4) ($3) ($3)
PAGE 280 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHIFED 95 LP MHIFED 95 LP MHIFED 95 LP ================================================================================================= Name of Entity: Mercy Housing Pinole Grove Second Street California III LP Associates LP Center LP (3rd & Reed) (Santa Monica) Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $74 $58 $52 Revenues $4 $4 $2 Net Income (Loss) ($2) ($1) ($2)
PAGE 281 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHIFED 95 LP MHIFED 95 LP MHIFED 95 LP ================================================================================================= Name of Entity: Solinas Village Three Oaks 1101 Howard St Partners LP Housing LP Associates LP Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $44 $45 $58 Revenues $2 $3 $2 Net Income (Loss) ($2) ($1) ($2)
PAGE 282 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Housing ECHI/ ECHI/ Investments MHIFED 96 LP MHIFED 96 LP ================================================================================================= === Name of Entity: MHIFED 96 LP Lavell Village North Town Associates LP Housing Partners LP (Villa del Norte Village) Ownership Interest: 5.00% 5.00%*99.00% 5.00%*99.00% Equity Interest (000's) Assets $971 $286 ($726) Revenues $82 $15 $23 Net Income (Loss) ($107) ($22) ($28)
PAGE 283 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital ECHI/ ECHI/ Housing MHIFED 96 LP MHIFED 96 LP Investments ================================================================================================= Name of Entity: Poco Way Seasons Afford MHIFED 96A LP Associates LP Senior Hsg LP Ownership Interest: 5.00%*99.00% 5.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $1,105 $306 $291 Revenues $25 $19 $3 Net Income (Loss) ($35) ($22) ($3)
PAGE 284 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHIFED 96A LP MHIFED 96A LP MHIFED 96A LP ================================================================================================= === Name of Entity: Good Samaritan Reseda Village Oxnard Associates LP LP Housing Associates LP Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $26 $19 $14 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 285 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHIFED 96A LP MHIFED 96A LP MHIFED 96A LP ================================================================================================= === Name of Entity: Metro Senior Round Walk Santa Alicia Associates LP Village Family Hsg Apartments LP Associates Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $24 $141 $51 Revenues $0 $3 $0 Net Income (Loss) $0 ($3) $0
PAGE 286 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ MHICAL 94 ECHI/ ECHI/ MHICAL 94 Company/ MHIFED 96A LP MHIFED 96A LP Company MHICAL 94 LP ================================================================================================= Name of Entity: Vine Street Vine Street MHICAL 94 LP Mayacamas Court LP Court LP II Village Associates LP Ownership Interest: 1.00%*99.00% 1.00%*99.00% 99.00% 99.00%*99.00% Equity Interest (000's) Assets $16 $5 $63,710 $6,478 Revenues $0 $0 $3,665 $295 Net Income (Loss) $0 $0 ($1,449) ($184)
PAGE 287 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHICAL 94 MHICAL 94 MHICAL 94 Company/ Company/ Company/ MHICAL 94 LP MHICAL 94 LP MHICAL 94 LP ================================================================================================= Name of Entity: Rincon De Los West Capital Winfield Hill Esteros Courtyard LP Associates LP Associates LP Ownership Interest: 99.00%*99.00% 99.00%*99.00% 99.00%*99.00% Equity Interest (000's) Assets $31,463 $6,272 $19,497 Revenues $2,025 $276 $1,069 Net Income (Loss) ($622) ($268) ($375)
PAGE 288 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Housing ECHI/ ECHI/ Investments MHICAL 94 LP MHICAL 94 LP ================================================================================================= Name of Entity: MHICAL 94 LP Mayacamas Rincon De Los Village Esteros Associates LP Associates LP Ownership Interest: 1.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $643 $65 $318 Revenues $37 $3 $20 Net Income (Loss) ($15) ($2) ($6)
PAGE 289 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHICAL 95 MHICAL 94 LP MHICAL 94 LP Company ================================================================================================= Name of Entity: West Capital Winfield Hill MHICAL 95 LP Courtyard LP Associates LP Ownership Interest: 1.00%*99.00% 1.00%*99.00% 99.00% Equity Interest (000's) Assets $63 $197 $41,190 Revenues $3 $11 $1,716 Net Income (Loss) ($3) ($4) ($1,128)
PAGE 290 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHICAL 95 MHICAL 95 MHICAL 95 Company/ Company/ Company/ MHICAL 95 LP MHICAL 95 LP MHICAL 95 LP ================================================================================================= Name of Entity: Abby Assoc LP Antelope Assoc Baker Park (Windmere) LP Associates LP Ownership Interest: 99.00%*99.00% 99.00%*99.00% 99.00%*99.00% Equity Interest (000's) Assets $5,191 $11,145 $15,346 Revenues $305 $855 $698 Net Income (Loss) ($99) ($208) ($450)
PAGE 291 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ MHICAL 95 Company/ ECHI/ ECHI/ ECHI/ MHICAL 95 LP/ MHICAL 95 MHICAL 95 MHICAL 95 ECH/HFC GP Company/ Company/ Company/ Partnership MHICAL 95 LP MHICAL 95 LP MHICAL 95 LP No. 2 ================================================================================================= Name of Entity: Bracher Colina Vista LP ECH/HFC GP Edison Capital Associates LP Partnership Hsg Partners No. 2 VIII LP Ownership Interest: 99.00%*99.00% 99.00%*99.00% 99.00%*43.30% 99.00%*43.30%* 18.54% Equity Interest (000's) Assets $7,167 $6,046 $8,067 $8,067 Revenues $438 $225 $29 $29 Net Income (Loss) ($213) ($211) ($34) ($34)
PAGE 292 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
MHICAL 95 MHICAL 95 Company/ Company/ MHICAL 95 LP/ MHICAL 95 LP/ ECH/HFC GP ECH/HFC GP Partnership Partnership ECHI/ No. 2/ECH No. 2/ECH MHICAL 95 Partners VIII Partners VIII Company/ LP LP MHICAL 95 LP ================================================================================================= Name of Entity: Catalonia Ohlone Housing Florin Woods Associates LP Associates LP Associates LP Ownership Interest: 99.00%*43.30%* 99.00%*43.30%* 99.00%*99.00% 18.54%*99% 18.54%*99% Equity Interest (000's) Assets $916 $7,151 $7,515 Revenues $29 $0 $397 Net Income (Loss) ($34) $0 ($254)
PAGE 293 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHICAL 95 MHICAL 95 MHICAL 95 Company/ Company/ Company/ MHICAL 95 LP MHICAL 95 LP MHICAL 95 LP ================================================================================================= Name of Entity: Mercy Housing Pinmore Sunset Creek California VI LP Associates LP Partners LP (205 Jones) Ownership Interest: 99.00%*99.00% 99.00%*99.00% 99.00%*99.00%* Equity Interest (000's) Assets $4,128 $6,867 $8,567 Revenues $167 $403 $495 Net Income (Loss) ($147) ($208) ($274)
PAGE 294 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Housing ECHI/ ECHI/ Investments MHICAL 95 LP MHICAL 95 LP ================================================================================================= Name of Entity: MHICAL 95 LP Abby Antelope Associates LP Associates LP (Windmere) Ownership Interest: 1.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $727 $52 $113 Revenues $40 $3 $9 Net Income (Loss) ($21) ($1) ($2)
PAGE 295 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHICAL 95 LP MHICAL 95 LP MHICAL 95 LP ================================================================================================= Name of Entity: Baker Park Bracher Colina Vista Associates LP Associates LP LP Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $155 $72 $61 Revenues $7 $4 $2 Net Income (Loss) ($5) ($2) ($2)
PAGE 296 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHICAL 95 LP MHICAL 95 LP MHICAL 95 LP ================================================================================================= Name of Entity: Florin Woods Mercy Housing Pinmore Associates LP California VI LP Associates LP (205 Jones) Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $76 $42 $69 Revenues $4 $2 $4 Net Income (Loss) ($3) ($1) ($2)
PAGE 297 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ MHICAL 96 ECHI/ MHICAL 96 Company/ MHICAL 95 LP Company MHICAL 96 LP ================================================================================================= Name of Entity: Sunset Creek MHICAL 96 LP ECH/HFC GP Partners LP Partnership No.1 Ownership Interest: 1.00%*99.00% 99.00% 99.00%*50.40% Equity Interest (000's) Assets $87 $36,735 $2,480 Revenues $5 $367 $108 Net Income (Loss) ($3) ($547) ($27)
PAGE 298 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
MHICAL 96 MHICAL 96 LP/ MHICAL 96 LP/ Company/ ECH/HFC GP ECH/HFC GP MHICAL 96 LP/ Partnership Partnership ECH/HFC GP No. 1/ No. 1/ Partnership ECH Partners ECH Partners No. 1 VII LP VII LP ================================================================================================= Name of Entity: Edison Capital C-Court LP Cottonwood Housing (Cawelti Court) Affordable Partners VII LP Housing LP Ownership Interest: 99.00%*50.40%* 99.00%*50.40%* 99.00%*50.40%* 19.40% 19.40%*99% 19.40%*99% Assets $2,480 $20 $309 Revenues $108 $0 $0 Net Income (Loss) ($27) $0 $0
PAGE 299 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
MHICAL 96 LP/ MHICAL 96 LP/ MHICAL 96 LP/ ECH/HFC GP ECH/HFC GP ECH/HFC GP Partnership Partnership Partnership No. 1/ No. 1/ No. 1/ ECH Partners ECH Partners ECH Partners VII LP VII LP VII LP ================================================================================================= Name of Entity: Fifth & Wilshire Flagstaff Huff Ave Affordable Associates LP Housing II LP (Forest View Apartments) Ownership Interest: 99.00%*50.40%* 99.00%*50.40%* 99.00%*50.40%* 19.40%*99% 19.40%*99% 19.40%*99% Equity Interest (000's) Assets $289 $307 $526 Revenues $0 $0 $79 Net Income (Loss) $0 $0 ($4)
PAGE 300 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
MHICAL 96 LP/ MHICAL 96 LP/ MHICAL 96 LP/ ECH/HFC GP ECH/HFC GP ECH/HFC GP Partnership Partnership Partnership No. 1/ No. 1/ No. 1/ ECH Partners ECH Partners ECH Partners VII LP VII LP VII LP ================================================================================================= Name of Entity: Mountain View Oak Forest Paradise Rd Townhomes Associates LP Partners LP Associates LP (Gateway Village) Ownership Interest: 99.00%*50.40%* 99.00%*50.40%* 99.00%*50.40%* 19.40%*99% 19.40%*99% 19.40%*99% Equity Interest (000's) Assets $275 $13 $285 Revenues $3 $2 $25 Net Income (Loss) ($1) ($9) ($12)
PAGE 301 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
MHICAL 96 LP/ ECH/HFC GP Partnership ECHI/ ECHI/ No. 1 MHICAL 96 MHICAL 96 ECH Partners Company/ Company/ VII LP MHICAL 96 LP MHICAL 96 LP ================================================================================================= Name of Entity: Woodland Arms Greenway Village Kennedy Court Apartments Ltd Associates LP Partners LP Ownership Interest: 99.00%*50.40%* 99.00%*99.00% 99.00%*99.00% 19.40%*99% Equity Interest (000's) Assets $455 $3,729 $3,731 Revenues $0 $19 $165 Net Income (Loss) $0 ($131) ($205)
PAGE 302 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ ECHI/ MHICAL 96 MHICAL 96 MHICAL 96 MHICAL 96 Company/ Company/ Company/ Company/ MHICAL 96 LP MHICAL 96 LP MHICAL 96 LP MHICAL 96 LP ================================================================================================= Name of Entity: Klamath Monterra Village Sky Parkway Strobridge Associates LP Associates LP Housing Housing Associates LP Associates LP Ownership Interest: 99.00%*99.00% 99.00%*99.00% 99.00%*99.00% 99.00%*99.00% Equity Interest (000's) Assets $4,311 $3,218 $5,130 $8,550 Revenues $14 $0 $0 $0 Net Income (Loss) ($49) $0 $0 $0
PAGE 303 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHICAL 96 MHICAL 96 MHICAL 96 Company/ Company/ Company/ MHICAL 96 LP MHICAL 96 LP MHICAL 96 LP ================================================================================================= Name of Entity: Westgate 1010 SVN MHICAL 96 LP Townhomes Associates LP Associates LP Ownership Interest: 99.00%*99.00% 99.00%*99.00% 1.00% Equity Interest (000's) Assets $4,784 $4,020 $345 Revenues $61 $0 $3 Net Income (Loss) ($135) $0 ($4)
PAGE 304 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHICAL 96 LP MHICAL 96 LP MHICAL 96 LP ================================================================================================= Name of Entity: Greenway Village Kennedy Court Klamath Associates LP Partners LP Associates LP Ownership Interest: 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $38 $38 $44 Revenues $0 $2 $0 Net Income (Loss) ($1) ($2) $0
PAGE 305 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ ECHI/ MHICAL 96 LP MHICAL 96 LP MHICAL 96 LP MHICAL 96 LP ================================================================================================= Name of Entity: Monterra Village Sky Parkway Strobridge Westgate Associates LP Housing Housing Townhomes Associates LP Associates LP Associates LP Ownership Interest: 1.00%*99.99% 1.00%*99.00% 1.00%*99.00% 1.00%*99.00% Equity Interest (000's) Assets $33 $51 $86 $48 Revenues $0 $0 $0 $1 Net Income (Loss) $0 $0 $0 ($1)
PAGE 306 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ MHICAL 97 MHICAL 97 ECHI/ MHICAL 97 Company/ Company/ MHICAL 96 LP Company MHICAL 97 LP MHICAL 97 LP ================================================================================================= Name of Entity: 1010 SVN MHICAL 97 LP Alma Place ECH/HFC GP Associates LP Assoc. LP Partnership No.1 Ownership Interest: 1.00%*99.00% 99.00% 99.00%*99.00% 99.00%*14.70% Equity Interest (000's) Assets $40 $2,150 $5,150 $2,150 Revenues $0 $108 $0 $108 Net Income (Loss) $0 ($27) $0 ($27)
PAGE 307 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
MHICAL 97 CO/ MHICAL 97 LP/ MHICAL 97 LP/ MHICAL 97 LP/ MHICAL 97 LP/ ECH/HFC GP ECH/HFC GP ECH/HFC GP ECH/HFC GP Partnership Partnership Partnership Partnership No. 1/ECH No. 1/ECH No. 1/ECH No. 1 Partners VII LP Partners VII LP Partners VII LP ================================================================================================= Name of Entity: Edison Capital C-Court LP Cottonwood Fifth & Housing (Cawelti Affordable Wilshire Partners VII LP Court) Housing LP Ownership Interest: 99.00%*14.70%* 99.00%*14.70%* 99.00%*14.70%* 99.00%*14.70%* 19.40% 19.40%*99% 19.40%*99% 19.40%*99% Equity Interest (000's) Assets $2,150 $20 $309 $289 Revenues $108 $0 $0 $0 Net Income (Loss) ($27) $0 $0 $0
PAGE 308 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
MHICAL 97 LP/ MHICAL 97 LP/ MHICAL 97 LP/ MHICAL 97 LP/ ECH/HFC GP ECH/HFC GP ECH/HFC GP ECH/HFC GP Partnership Partnership Partnership Partnership No. 1/ECH No. 1/ECH No. 1/ECH No. 1/ECH Partners VII LP Partners VII LP Partners VII LP Partners VII LP ================================================================================================= Name of Entity: Flagstaff Huff Ave Mountain View Oak Forest Affordable Associates LP Townhomes Associates LP Hsg II LP Associates LP (Forest View Apartments) Ownership Interest: 99.00%*14.70%* 99.00%*14.70%* 99.00%*14.70%* 99.00%*14.70%* 19.40%*99% 19.40%*99% 19.40%*99% 19.40%*99% Equity Interest (000's) Assets $307 $526 $275 $13 Revenues $0 $79 $3 $2 Net Income (Loss) $0 ($4) ($1) ($9)
PAGE 309 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
MHICAL 97 LP/ MHICAL 97 LP/ ECH/HFC GP ECH/HFC GP Partnership Partnership Edison Capital No. 1/ECH No. 1/ECH Housing ECHI/ Partners VII LP Partners VII LP Investments MHICAL 97 LP ================================================================================================= Name of Entity: Paradise Rd Woodland Arms MHICAL 97 LP Alma Place Partners LP Apartments Ltd Assoc LP (Gateway Village) Ownership Interest: 99.00%*14.70%* 99.00%*14.70%* 1.00% 1.00%*99% 19.40%*99% 19.40%*99% Equity Interest (000's) Assets $285 $455 $0 $0 Revenues $25 $0 $0 $0 Net Income (Loss) ($12) $0 $0 $0
PAGE 310 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Mid-Peninsula Mid-Peninsula Mission Capp Century Village Sharmon Palms LP Associates LP Associates LP (Century Village) (Sharmon Palms) Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $1,000 $2,959 $5,321 Revenues $0 $193 $377 Net Income (Loss) $0 ($102) ($255)
PAGE 311 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ Mission Housing Mission Housing Mission Housing Alpha Beta Delta ================================================================================================= Name of Entity: Lee Park Richmond City MH I LP Investors LP Center Associates LP Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $33,431 $7,041 $3,261 Revenues $7,951 $362 $372 Net Income (Loss) $629 ($295) ($154)
PAGE 312 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ ECHI/ Mission Mission Mission Mission Housing Housing Housing Housing Delta/MH I LP Delta Delta/MH II LP Delta ================================================================================================= Name of Entity: California Park MH II LP 5363 Dent Ave MH III LP Apartments LP Associates LP Ownership Interest: 99.00%*99.00% 99.00% 99.00%*99.00% 99.00% Equity Interest (000's) Assets $3,261 $1,193 $1,193 $4,819 Revenues $372 $162 $162 $463 Net Income (Loss) ($154) ($65) ($65) ($381)
PAGE 313 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ ECHI/ Mission Mission Mission Mission Housing Housing Housing Housing Delta/MH III LP Delta Delta/MH IV LP Delta ================================================================================================= Name of Entity: DeRose Housing MH IV LP MPT Apartments LP MH V LP Associates LP (MacArthur Park) Ownership Interest: 99.00%*99.00% 99.00% 99.00%*99.00% 99.00% Equity Interest (000's) Assets $4,819 $6,937 $6,937 $9,802 Revenues $463 $1,033 $1,033 $523 Net Income (Loss) ($381) ($247) ($247) ($415)
PAGE 314 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ ECHI/ Mission Mission Mission Mission Housing Housing Housing Housing Delta/MH V LP Denver Denver Epsilon ================================================================================================= Name of Entity: Centennial Mercantile Sq LP North Park Riverside/ Place LP Village LLC Liebrandt Partners LP (La Playa) Ownership Interest: 99.00%*99.00% 99.00% 99.00% 99.00% Equity Interest (000's) Assets $9,802 $20,547 $2,428 $2,585 Revenues $523 $566 $129 $74 Net Income (Loss) ($415) ($216) ($59) ($106)
PAGE 315 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ Mission Housing ECHI/ ECHI/ Holdings/ Mission Housing Mission Housing MH Partnership Gamma Holdings 1996 LP ================================================================================================= Name of Entity: Del Carlo Court Mission Housing La Terraza Associates LP Partnership Associates LP 1966 LP (Carlsbad Villas at Camino Real) Ownership Interest: 99.00% 99.00% 99.00%*99.00% Equity Interest (000's) Assets $5,164 $28,702 $28,702 Revenues $177 $1,575 $1,575 Net Income (Loss) ($219) ($1,363) ($1,363)
PAGE 316 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ Edison Capital ECHI/ Mission Hsg Mission Hsg Housing MH Partnership Theta/Mission Theta/Mission Investments 1996 LP Funding Theta Funding Theta ================================================================================================= Name of Entity: Mission Hsg La Terraza Brantwood II Cedarshores LP Partnership Associates LP Associates LP 1966 LP (Carlsbad Villas at Camino Real) Ownership Interest: 1.00% 1.00%*99.00% 1.00% 0.01% Equity Interest (000's) Assets $290 $290 $17 $1 Revenues $16 $16 $0 $0 Net Income (Loss) ($14) ($14) $0 $0
PAGE 317 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ ECHI/ Mission Hsg Mission Hsg Mission Hsg Mission Hsg Theta/Mission Theta/Mission Theta/Mission Theta/Mission Funding Theta Funding Theta Funding Theta Funding Theta ================================================================================================= Name of Entity: Eastwood Homes LP El Barrio McFarland Press Pellettieri Academy Urban Associates Homes Urban Renewal Assoc LP Renewal Assoc LP Ownership Interest: 0.01% 0.01% 0.01% 0.01% Equity Interest (000's) Assets $56 $0 $0 $1 Revenues $0 $0 $0 $0 Net Income (Loss) $0 $0 $0 $0
PAGE 318 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ ECHI/ Mission Hsg Mission Hsg Mission Hsg Mission Hsg Theta/Mission Theta/Mission Theta/Mission Theta/Mission Funding Theta Funding Theta Funding Theta Funding Theta ================================================================================================= Name of Entity: Persimmon Roebling Village Sherman Glen Timber Sound Associates LP Inn Urban Renewal LLC Ltd LP Ownership Interest: 0.01% 0.01% 0.01% 0.01% Equity Interest (000's) Assets $0 $0 $0 $0 Revenues $0 $0 $0 $0 Net Income (Loss) $0 $0 $0 $0
PAGE 319 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI ECHI/ Mission Hsg Mission Hsg Mission Hsg ECHI/ Theta/Mission Theta/Mission Theta/Mission Mission Hsg Funding Theta Funding Theta Funding Theta Theta ================================================================================================= Name of Entity: Timber Sound Villa Maria Woodleaf Village Mission Hsg II Ltd Housing LP LP Investors Partnership Ownership Interest: 0.01% 0.01% 0.01% 5.00% Equity Interest (000's) Assets $1 $0 $0 $2,687 Revenues $0 $0 $0 $166 Net Income (Loss) $0 $0 $0 ($105)
PAGE 320 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ Mission Hsg Mission Hsg Mission Hsg Theta/MH Theta/MH Theta/MH Investors Investors Investors Partnership Partnership Partnership ================================================================================================= Name of Entity: Forest Winds Glen Eden Gray's Meadows Associates LP Associates LP Investors LP Ownership Interest: 5.00%*99.00% 5.00%*99.00% 5.00%*99.00% Equity Interest (000's) Assets $290 $330 $276 Revenues $14 $13 $15 Net Income (Loss) ($10) ($12) ($9)
PAGE 321 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ Mission Hsg Mission Hsg Mission Hsg Theta/MH Theta/MH Theta/MH Investors Investors Investors Partnership Partnership Partnership ================================================================================================= Name of Entity: Prince Bozzuto Rancho Park Rustic Gardens LP (Fairground Associates LP Associates LP Commons) Ownership Interest: 5.00%*99.00% 5.00%*99.00% 5.00%*99.00% Equity Interest (000's) Assets $512 $370 $142 Revenues $61 $15 $5 Net Income (Loss) ($27) ($12) ($6)
PAGE 322 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ ECHI/ ECHI/ Mission Hsg Mission Hsg Mission Hsg Theta/MH Theta/MH Theta/MH Investors Investors Investors Partnership Partnership Partnership ================================================================================================= Name of Entity: Sea Ranch Springdale 1028 Howard St Apartments LP Kresson Associates LP Associates LP (Jewish Federation) Ownership Interest: 5.00%*99.00% 5.00%*99.00% 5.00%*99.00% Equity Interest (000's) Assets $129 $403 $235 Revenues $8 $24 $11 Net Income (Loss) ($6) ($15) ($8)
PAGE 323 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
ECHI/ Edison Capital Edison Capital Mission Housing Housing Housing Zeta Investments Investments ================================================================================================= Name of Entity: Fremont Montview Park Morgan Hill Building LP Apartments Ranch Hsg LP (Crescent Arms) Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $20,811 $0 $5,370 Revenues $373 $0 $0 Net Income (Loss) ($770) $0 $0
PAGE 324 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Neary Lagoon New Harbor Vista Northstar Partners LP Apartments Apartments Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $9,572 $5,000 $1,130 Revenues $475 $0 $0 Net Income (Loss) ($387) $0 $0
PAGE 325 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Oceanside Olive Court Omaha Amber Gardens LP Apartments LP Ridge LP Ownership Interest: 99.00% 98.99% 99.00% Equity Interest (000's) Assets $802 $366 $842 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 326 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments =========================================================================================== Name of Entity: Ontario Senior Open Doors Pacific Housing LP Associates LP Terrace (Ontario Plaza) (West Valley) Associates LP Ownership Interest: 98.90% 99.00% 99.00% Equity Interest (000's) Assets $1,230 $8,214 $2,680 Revenues $0 $418 $0 Net Income (Loss) $0 ($240) $0
PAGE 327 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Pacifica Palmer House LP Pecan Court Community Associates LP Associates LP (Villa Pacifica) Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $2,560 $1,796 $0 Revenues $0 $196 $0 Net Income (Loss) $0 ($58) $0
PAGE 328 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Persimmon Tree Pilot Grove LP Post Office Associates LP Plaza LP Ownership Interest: 98.99% 99.00% 99.00% Equity Interest (000's) Assets $0 $6,877 $60,301 Revenues $0 $613 $8,868 Net Income (Loss) $0 ($585) ($274)
PAGE 329 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Edison Capital Housing Housing Housing Housing Investments Investments Investments Investments ================================================================================================= Name of Entity: Red Lake Riverwalk Roebling Village Rosebloom Homes Apartments Inn Urban Associates LP Renewal LP Ownership Interest: 99.00% 99.00% 98.99% 99.00% Equity Interest (000's) Assets $1,310 $1,690 $1,138 $3,064 Revenues $0 $0 $0 $166 Net Income (Loss) $0 $0 $0 ($152)
PAGE 330 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: San Juan San Pablo Sr San Pedro Commons 1996 LP Hsg Assoc LP Gardens Associates LP Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $2,420 $4,059 $2,963 Revenues $0 $296 $116 Net Income (Loss) $0 ($175) ($132)
PAGE 331 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= === Name of Entity: Santa Paulan Sr School Court Sherman Glen Apartments Housing LLC Associates LP Associates LP Ownership Interest: 99.00% 99.00% 98.99% Equity Interest (000's) Assets $8,718 $0 $3,320 Revenues $794 $0 $0 Net Income (Loss) ($261) $0 $0
PAGE 332 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investment ================================================================================================= Name of Entity: South Beach Hsg South Winery Stoney Creek Associates LP Associates LP Associates LP (Steamboat) (The Winery Apts) Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $13,288 $1,970 $9,474 Revenues $679 $0 $392 Net Income (Loss) ($379) $0 ($326)
PAGE 333 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= === Name of Entity: Studebaker Sultana Acres Tabor Grand LP Building LP Associates LP Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $3,024 $2,556 $3,437 Revenues $226 $149 $206 Net Income (Loss) ($125) ($82) ($114)
PAGE 334 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= == Name of Entity: Terra Cotta Hsg The Cornerstone The Josephinum Associates LP Building Associates LP Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $4,460 $2,180 $9,476 Revenues $0 $0 $1,037 Net Income (Loss) $0 $0 ($543)
PAGE 335 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= === Name of Entity: The World Thomson Rental Timber Sound Schoolhouse Housing LP Ltd Residences LP (Washington Place) Ownership Interest: 99.00% 99.00% 98.99% Equity Interest (000's) Assets $0 $1,520 $3,420 Revenues $0 $0 $0 Net Income (Loss) $0 $0 $0
PAGE 336 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Edison Capital Housing Housing Housing Housing Investments Investments Investments Investments ================================================================================================= Name of Entity: Timber Sound II Trinity Park Tuscany Assoc LP Venbury Trails Ltd Apartments LP (Tuscany Villa) LP Ownership Interest: 98.99% 99.00% 99.00% 99.00% Equity Interest (000's) Assets $7,840 $1,580 $4,035 $3,220 Revenues $0 $0 $220 $0 Net Income (Loss) $0 $0 ($187) $0
PAGE 337 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Walnut Avenue Washington Creek Westfield Partnership LP Associates LP Condominium Investment LP Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $2,320 $3,738 $670 Revenues $0 $188 $0 Net Income (Loss) $0 ($131) $0
PAGE 338 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Investments Investments Investments ================================================================================================= Name of Entity: Westport Village Wheeler Manor White Mountain Homes Assoc LP Associates LP Apache Housing Ownership Interest: 99.00% 99.00% 99.00% Equity Interest (000's) Assets $1,204 $11,614 $970 Revenues $123 $614 $0 Net Income (Loss) ($16) ($366) $0
PAGE 339 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Edison Capital Edison Capital Edison Capital Housing Housing Housing Edison Funding Investments Investments Investments Omicron GP ================================================================================================= Name of Entity: Winfield Hill Woodleaf Yankton Sioux YWCA Villa Nueva Associates LP Village LP Homes Partners LP Ownership Interest: 99.00% 98.99% 99.00% 99.00% Equity Interest (000's) Assets $19,893 $3,460 $430 $8,561 Revenues $1,091 $0 $0 $532 Net Income (Loss) ($383) $0 $0 $16
PAGE 340 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Mission Mission Edison Funding Edison Funding Funding Funding Omicron GP Omicron GP Epsilon Kappa ================================================================================================= C> Name of Entity: Olive Court Ontario Senior GEM Energy ABB Funding Hsg Assoc LP Housing LP Company Partners LP (Ontario Plaza) Ownership Interest: 0.10% 0.10% 50.00% 14.27% Equity Interest (000's) Assets $0 $1 $869 $74 Revenues $0 $0 $127 $2 Net Income (Loss) $0 $0 $126 ($2)
PAGE 341 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1997 (In thousands)
Mission Funding Mission Bartlett Zeta Hill Company ================================================================================================= === Name of Entity: Huntington LP Bartlett Hill Associates LP Ownership Interest: 50.00% 30.00% Equity Interest (000's) Assets $109,459 $1,858 Revenues $15,051 $129 Net Income (Loss) $4,198 ($137)
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Associated Southern Irwindale Investment Calabasas Land Company Palatino, Inc. Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------- Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------- Total utility plant ------------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $4 $2 $228 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (870) (1,786) Investments in leveraged leases Other investments ------------------------------------------------------- Total other property and investments (866) (1,784) 228 ------------------------------------------------------- Cash and equivalents 395 16 56 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,507 1,045 406 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 2 ------------------------------------------------------- Total current assets 5,902 1,061 464 ------------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------- Total deferred charges ------------------------------------------------------- TOTAL ASSETS $5,036 ($723) $692 =======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission/ South Bay Industrial Ontario, Inc. Company Constructors, Inc. =========================================================================================================== ASSETS (Inactive) (Inactive) =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $22,383 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 22,383 ------------------------------------------------------ Cash and equivalents 32 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 532 $382 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 9 ------------------------------------------------------ Total current assets 573 382 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $22,956 $382 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Airport Park Texas Mission Development Property Land Company Holdings, Inc. Company =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $4,720 ($21,716) Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $750 141,850 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 4,720 750 120,134 ------------------------------------------------------ Cash and equivalents 139 3 1,570 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 42,877 (662) 94,091 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 172 ------------------------------------------------------ Total current assets 43,016 (659) 95,833 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 898 (1) 2,380 ------------------------------------------------------ Total deferred charges 898 (1) 2,380 ------------------------------------------------------ TOTAL ASSETS $48,634 $90 $218,347 ======================================================
PAGE 355 Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Carol Stream Centrelake Developers Partners LP =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation ($1) $20,481 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (1) 20,481 ------------------------------------------------------ Cash and equivalents 59 26 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1,850 7 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5 ------------------------------------------------------ Total current assets 1,914 33 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 1 (1) ------------------------------------------------------ Total deferred charges 1 (1) ------------------------------------------------------ TOTAL ASSETS $1,914 $20,513 ======================================================
PAGE 346 Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Oceangate Koll I Vacaville LP =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $52,299 $46,281 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 52,299 46,281 ------------------------------------------------------ Cash and equivalents 219 $1 83 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1,365 335 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets(13) (13) (9) ------------------------------------------------------ Total current assets 1,571 1 409 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 653 806 ------------------------------------------------------ Total deferred charges 653 806 ------------------------------------------------------ TOTAL ASSETS $54,523 $1 $47,496 ======================================================
PAGE 347 Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Land Mission Consolidating Company Nexus II LP Adjustments Consolidated =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation ($2,076) $122,605 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (139,944) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (142,020) 122,605 ------------------------------------------------------ Cash and equivalents $9 1 2,609 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (142,804) 4,931 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1 2 169 ------------------------------------------------------ Total current assets 10 (142,801) 7,709 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (1) 12,803 17,538 ------------------------------------------------------ Total deferred charges (1) 12,803 17,538 ------------------------------------------------------ TOTAL ASSETS $9 ($272,018) $147,852 ======================================================
PAGE 348 Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Associated Southern Irwindale Investment Calabasas Land Company Palatino, Inc. Company =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock $1 Additional Paid in Capital 1,240 Retained earnings 793 ($2,152) $3,567 ------------------------------------------------------ 2,034 (2,152) 3,567 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 54 973 3,414 ------------------------------------------------------ Total capitalization 2,088 (1,179) 6,981 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 1,729 309 (9,611) Accrued taxes 434 81 3,098 Accrued interest 116 430 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 6 ------------------------------------------------------ Total current liabilities 2,163 506 (6,077) ------------------------------------------------------ Accumulated deferred income taxes - net 785 (48) (212) Accumulated deferred investment tax credits Customer advances and other deferred credits (2) ------------------------------------------------------ Total deferred credits 785 (50) (212) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $5,036 ($723) $692 ======================================================
PAGE 349 Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission/ South Bay Industrial Ontario, Inc. Company Constructors, Inc. =========================================================================================================== CAPITALIZATION AND LIABILITIES (Inactive) (Inactive) =========================================================================================================== Common shareholders' equity: Common stock ($1,250) Additional Paid in Capital 6,546 Retained earnings (707) ($158) ($2) ------------------------------------------------------ 4,589 (158) (2) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 4,589 (158) (2) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt debt and redeemable preferred stock Short-term debt Accounts payable 19,796 1 Accrued taxes (920) 136 2 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 10 ------------------------------------------------------ Total current liabilities 18,886 136 3 ------------------------------------------------------ Accumulated deferred income taxes - net (520) 404 Accumulated deferred investment tax credits Customer advances and other deferred credits 1 (1) ------------------------------------------------------ Total deferred credits (519) 404 ($1) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $22,956 $382 ======================================================
PAGE 350 Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Texas Mission Airport Park Property Land Development Co. Holdings, Inc. Company =========================================================================================================== CAPITALIZATION AND LIABILITIES (Inactive) =========================================================================================================== Common shareholders' equity: Common stock $326 $32 $335 Additional Paid in Capital 44,756 106,569 Retained earnings 2,181 (931) 52,154 ------------------------------------------------------ 47,263 (899) 159,058 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (4,829) 75 8,390 ------------------------------------------------------ Total capitalization 42,434 (824) 167,448 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 6,703 729 56,263 Accrued taxes (2,798) 1,792 Accrued interest 842 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 5 310 ------------------------------------------------------ Total current liabilities 4,752 729 58,365 ------------------------------------------------------ Accumulated deferred income taxes - net 1,446 186 (9,798) Accumulated deferred investment tax credits Customer advances and other deferred credits 2 (1) 1,579 ------------------------------------------------------ Total deferred credits 1,448 185 (8,219) ------------------------------------------------------ Minority interest 753 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $48,634 $90 $218,347 ======================================================
PAGE 351 Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Carol Stream Centerlake Developers Partners LP =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock $4,027 $16,874 Additional Paid in Capital Retained earnings 1,691 (1,606) ------------------------------------------------------ 5,718 15,268 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (3,820) 4,534 ------------------------------------------------------ Total capitalization 1,898 19,802 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 310 Accrued taxes 16 3 Accrued interest 384 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 16 697 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits 14 ------------------------------------------------------ Total deferred credits 14 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,914 $20,513 ======================================================
PAGE 352 Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Oceangate Koll I Vacaville LP =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock $17,903 $3,639 $44,171 Additional Paid in Capital Retained earnings 1,030 (3,678) (12,193) ------------------------------------------------------ 18,933 (39) 31,978 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 29,870 12,046 ------------------------------------------------------ Total capitalization 48,803 (39) 44,024 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt (10) Short-term debt Accounts payable 16 50 879 Accrued taxes 31 (218) Accrued interest 5,565 1,405 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 60 33 ------------------------------------------------------ Total current liabilities 5,672 40 2,099 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits 48 1,373 ------------------------------------------------------ Total deferred credits 48 1,373 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $54,523 $1 $47,496 ======================================================
PAGE 353 Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands) Mission Land Mission Consolidating Company Nexus II, LP Adjustments Consolidated =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock $2,928 ($88,986) Additional Paid in Capital (16,127) $142,984 Retained earnings (3,209) (35,892) 888 ------------------------------------------------------ (281) (141,005) 143,872 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (50,707) ------------------------------------------------------ Total capitalization (281) (191,712) 143,872 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt 10 Short-term debt Accounts payable 292 (77,120) 346 Accrued taxes (1,462) 195 Accrued interest (8,742) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other (23) 401 ------------------------------------------------------ Total current liabilities 292 (87,337) 942 ------------------------------------------------------ Accumulated deferred income taxes - net 7,757 Accumulated deferred investment tax credits Customer advances and other deferred credits (2) 27 3,038 ------------------------------------------------------ Total deferred credits (2) 7,784 3,038 ------------------------------------------------------ Minority interest (753) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $9 ($272,018) $147,852 ======================================================
PAGE 354 Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Associated Southern Irwindale Investment Calabasas Land Company Palatino, Inc. Company =========================================================================================================== Electric utility revenue Diversified operations $993 $10,257 -------------------------------------------------------- Total operating revenue 993 10,257 -------------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 21 $32 3,004 Maintenance 19 Depreciation and decommissioning 1 31 Income taxes 390 (2) 2904 Property and other taxes 3 73 -------------------------------------------------------- Total operating expenses 414 31 6,031 -------------------------------------------------------- Operating income 579 (31) 4,226 -------------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 5 Minority interest Taxes on nonoperating income 19 1 Other - net 173 13 -------------------------------------------------------- Total other income - net 197 14 -------------------------------------------------------- Income before interest and other expenses 776 (17) 4,226 -------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities -------------------------------------------------------- Total interest and other expenses - net -------------------------------------------------------- NET INCOME 776 (17) 4,226 -------------------------------------------------------- Retained Earnings at Beginning of Period 30,598 (2,135) (658) Deduct - Dividends on Common Stock and Other (30,581) (1) -------------------------------------------------------- RETAINED EARNINGS AT END OF PERIOD $793 ($2,152) $3,567 ========================================================
PAGE 355 Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Mission Mission/ South Bay Industrial Ontario, Inc Company Constructors, Inc. =========================================================================================================== (Inactive) (Inactive) =========================================================================================================== Electric utility revenue Diversified operations $3,498 -------------------------------------------------------- Total operating revenue 3,498 -------------------------------------------------------- Fuel 3,498 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,800 Maintenance 10 Depreciation and decommissioning 2 Income taxes (258) $150 $1 Property and other taxes 1,255 -------------------------------------------------------- Total operating expenses 3,809 150 1 -------------------------------------------------------- Operating income (311) (150) (1) -------------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1 Minority interest Taxes on nonoperating income Other - net -------------------------------------------------------- Total other income - net 1 -------------------------------------------------------- Income before interest and other expenses (310) (150) (1) -------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities -------------------------------------------------------- Total interest and other expenses - net -------------------------------------------------------- NET INCOME (310) (150) (1) -------------------------------------------------------- Retained Earnings at Beginning of Period (395) (8) (2) Deduct - Dividends on Common Stock and Other (2) 1 -------------------------------------------------------- Retained Earnings at End of Period ($707) ($158) ($2) ========================================================
PAGE 356 Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Mission Texas Mission Airport Park Property Land Development Co. Holdings, Inc. Company =========================================================================================================== Electric utility revenue Diversified operations $505 $67,244 ------------------------------------------------------ Total operating revenue 505 67,244 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 849 63,955 Maintenance 131 Depreciation and decommissioning 745 Income taxes (836) $1 (2,229) Property and other taxes 73 786 ------------------------------------------------------ Total operating expenses 86 1 63,388 ------------------------------------------------------ Operating income 419 (1) 3,856 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 90 1,730 Minority interest Taxes on nonoperating income 9 239 Other - net 14 ------------------------------------------------------ Total other income - net 99 1,983 ------------------------------------------------------ Income before interest and other expenses 518 (1) 5,839 ------------------------------------------------------ Interest on long-term debt (3) Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (3) ------------------------------------------------------ NET INCOME 518 (1) 5,842 ------------------------------------------------------ Retained Earnings at Beginning of Period 1,663 (930) 46,315 Deduct - Dividends on Common Stock and Other (3) ------------------------------------------------------ Retained Earnings at End of Period $2,181 ($931) $52,154 ======================================================
PAGE 357 Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Carol Stream Centerlake Developers Partners, LP =========================================================================================================== Electric utility revenue Diversified operations $5,042 $65 ------------------------------------------------------ Total operating revenue 5,042 65 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3,847 42 Maintenance 12 8 Depreciation and decommissioning 1 Income taxes (1) Property and other taxes (41) 218 ------------------------------------------------------ Total operating expenses 3,818 268 ------------------------------------------------------ Operating income 1,224 (203) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income - net ------------------------------------------------------ Income before interest and other expenses 1,224 (203) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 1,224 (203) ------------------------------------------------------ Retained Earnings at Beginning of Period 466 (1,404) Deduct - Dividends on Common Stock and Other 1 1 ------------------------------------------------------ Retained Earnings at End of Period $1,691 ($1,606) ======================================================
PAGE 358 Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Mission Mission Oceangate Koll I Vacaville L.P. =========================================================================================================== (Inactive) Electric utility revenue Diversified operations $3,618 $4,711 $7,468 ------------------------------------------------------ Total operating revenue 3,618 4,711 7,468 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 359 7,653 10,226 Maintenance 222 7 256 Depreciation and decommissioning 239 298 Income taxes (1) (1) 2 Property and other taxes 955 36 1,291 ------------------------------------------------------ Total operating expenses 1,774 7,695 12,073 ------------------------------------------------------ Operating income 1,844 (2,984) (4,605) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2 7 Minority interest Taxes on nonoperating income (1) (3) 1 Other - net ------------------------------------------------------ Total other income - net (1) (1) 8 ------------------------------------------------------ Income before interest and other expenses 1,843 (2,985) (4,597) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 1,843 (2,985) (4,597) ------------------------------------------------------ Retained Earnings at Beginning of Period (813) (692) (7,596) Deduct - Dividends on Commonstock and Other (1) ------------------------------------------------------ Retained Earnings at End of Period $1,030 ($3,678) ($12,193) ======================================================
PAGE 359 Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Land Mission Consolidating Company Nexus II, LP Adjustments Consolidated =========================================================================================================== Electric utility revenue Diversified operations $2,707 $106,108 ------------------------------------------------------ Total operating revenue 2,707 106,108 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 5,738 $2,144 100,670 Maintenance 61 8 734 Depreciation and decommissioning 1 1,318 Income taxes 1 (909) (788) (Property and other taxes 31 4,680 ------------------------------------------------------- Total operating expenses 5,831 1,244 106,614 ------------------------------------------------------- Operating income (3,124) (1,244) (506) ------------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 35 1,870 Minority interest Taxes on nonoperating income (910) (645) Other - net (34) 166 ------------------------------------------------------ Total other income - net (909) 1,391 ------------------------------------------------------ Income before interest and other expenses (3,124) (2,153) 885 ------------------------------------------------------ Interest on long-term debt (3) Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (3) ------------------------------------------------------ NET INCOME (3,124) (2,153) 888 ------------------------------------------------------ Retained Earnings at Beginning of Period (85) (18,748) 45,576 Deduct - Dividends on Common Stock and Other 14,991 (45,576) ------------------------------------------------------ Retained Earnings at End of Period ($3,209) ($35,892) $888 ======================================================
PAGE 360 Mission Power Engineering Company and Subsidiaries Consolidating Balance Sheets For The Year Ended December 31, 1997 (In thousands)
Associated Southern Mission Power Engineering Engineering Consolidated Company Company Adjustments =========================================================================================================== ASSETS (Inactive) =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $765 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 765 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 1 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant - net Income tax-related deferred charges Other deferred charges 413 ------------------------------------------------------ Total deferred charges 413 ------------------------------------------------------ TOTAL ASSETS $1,179 ======================================================
Mission Power Engineering Company and Subsidiary Consolidating Balance Sheet For The Year Ended December 31, 1997 (In thousands)
Mission Power Engineering Co. Consolidated =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $765 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 765 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 1 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant - net Income tax-related deferred charges Other deferred charges 413 ------------------------------------------------------ Total deferred charges 413 ------------------------------------------------------ TOTAL ASSETS $1,179 ======================================================
Mission Power Engineering Company and Subsidiary Consolidating Balance Sheet Decembeer 31, 1997 (In thousands)
Associated Southern Mission Power Engineering Engineering Consolidating Company Company Adjustments =========================================================================================================== CAPITALIZATION AND LIABILITIES (Inactive) =========================================================================================================== Common shareholders' equity: Common stock $3,000 Additional Paid in Capital Retained earnings ($3) (12,451) $3 -------------------------------------------------------- (3) (9,451) 3 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt -------------------------------------------------------- Total capitalization (3) (9,451) 3 -------------------------------------------------------- Other long-term liabilities -------------------------------------------------------- Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 3 1 (3) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other -------------------------------------------------------- Total current liabilities $3 1 ($3) -------------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits 10,629 -------------------------------------------------------- Total deferred credits 10,629 -------------------------------------------------------- Minority interest -------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITY $1,179 ========================================================
Mission Power Engineering Company and Subsidiary Consolidating Balance Sheet Decembeer 31, 1997 (In thousands)
Mission Power Engineering Co. Consolidated =========================================================================================================== CAPITALIZATION AND LIABILITIES =========================================================================================================== Common shareholders' equity: Common stock $3,000 Additional Paid in Capital Retained earnings (12,451) -------------------------------------------------------- (9,451) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt -------------------------------------------------------- Total capitalization (9,451) -------------------------------------------------------- Other long-term liabilities -------------------------------------------------------- Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 1 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other -------------------------------------------------------- Total current liabilities 1 -------------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits 10,629 -------------------------------------------------------- Total deferred credits 10,629 -------------------------------------------------------- Minority interest -------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITY $1,179 ========================================================
Mission Power Engineering Company and Subsidiary Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In thousands)
Associated Southern Mission Power Engineering Engineering Consolidating Company Company Adjustments ====================================================================================================== (Inactive) Electric utility revenue Diversified operations -------------------------------------------------------- Total operating revenue -------------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning $1 Income taxes $1 (9) ($1) Property and other taxes 23 -------------------------------------------------------- Total operating expenses 1 15 (1) -------------------------------------------------------- Operating income (1) (15) 1 -------------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1 Taxes on nonoperating income (25) Minority interest Other nonoperating income - net 61 -------------------------------------------------------- Total other income (deductions) - net 37 -------------------------------------------------------- Income before interest and other expenses (1) 22 1 -------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities -------------------------------------------------------- Total interest and other expenses - net -------------------------------------------------------- NET INCOME (1) 22 1 Retained earnings - beginning of year (2) (12,473) 2 Dividends declared on common stock -------------------------------------------------------- Retained Earnings - end of year ($3) ($12,451) $3 ========================================================
Mission Power Engineering Company and Subsidiary Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1997 (In thousands)
Mission Power Engineering Co. Consolidated ====================================================================================================== (Inactive) Electric utility revenue Diversified operations -------------------------------------------------------- Total operating revenue -------------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning $1 Income taxes (9) Property and other taxes 23 -------------------------------------------------------- Total operating expenses 15 -------------------------------------------------------- Operating income (15) -------------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1 Taxes on nonoperating income (25) Minority interest Other nonoperating income - net 61 -------------------------------------------------------- Total other income (deductions) - net 37 -------------------------------------------------------- Income before interest and other expenses 22 -------------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities -------------------------------------------------------- Total interest and other expenses - net -------------------------------------------------------- NET INCOME 22 Retained earnings - beginning of year (12,473) Dividends declared on common stock -------------------------------------------------------- Retained Earnings - end of year ($12,451) ========================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Aguila Anacapa Arrowhead Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $12,822 $8,658 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 12,822 8,658 ------------------------------------------------------ Cash and equivalents 5 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 8 ------------------------------------------------------ Total current assets 5 8 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $12,827 $8,666 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Bergen Blue Balboa Point Ridge Energy Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $991 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 991 ------------------------------------------------------ Cash and equivalents 7 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 7 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $998 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Bretton Woods Camino Capistrano Energy Energy Cogeneration Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $121,361 $25,656 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 121,361 25,656 ------------------------------------------------------ Cash and equivalents 3 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 329 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 24 ------------------------------------------------------ Total current assets 356 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 16,049 ------------------------------------------------------ Total deferred charges 16,049 ------------------------------------------------------ TOTAL ASSETS $137,766 $25,656 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Centerport Chesapeake Chester Energy Bay Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Clayville Colonial Coronado Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Crescent Valley Del Mar Delaware Energy Energy Energy Company Company Conservers, Inc. ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $18,053 $6,706 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 18,053 6,706 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 5 5 ------------------------------------------------------ Total current assets 5 6 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $18,058 $6,712 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Desert Eastern Sunrise Devereaux Sierra Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $15,311 $12,190 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 15,311 12,190 ------------------------------------------------------ Cash and equivalents 27 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 139 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 166 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 921 ------------------------------------------------------ Total deferred charges 921 ------------------------------------------------------ TOTAL ASSETS $16,232 $12,356 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Mission East Maine Mission Energy Energy Energy Fuel Funding Company Consolidated Corp ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $67,101 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 67,101 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts $41,748 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 41,748 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 387,214 ------------------------------------------------------ Total deferred charges 387,214 ------------------------------------------------------ TOTAL ASSETS $67,101 $428,962 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Mission Mission Operation & El Dorado Energy Maintenance Energy Interface Ltd. Inc. Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $54 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $339 ($8) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 339 54 (8) ------------------------------------------------------ Cash and equivalents 5,194 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 4,538 121 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 21 ------------------------------------------------------ Total current assets 9,753 121 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 28 19 ------------------------------------------------------ Total deferred charges 28 19 ------------------------------------------------------ TOTAL ASSETS $339 $9,835 $132 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Four Hanover Counties Energy EMP, Gas Company Inc. Company Consolidated ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $8,214 $10,958 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 8,214 10,958 ------------------------------------------------------ Cash and equivalents 15 34 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 67 136 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 82 170 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $8,296 $11,128 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Holtsville Indian Bay Jefferson Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Kings Canyon Kingspark Laguna Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) (Inactive) ============================================================================================================ C> Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
La Jolla Lake Grove Lakeview Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Lehigh River Longview Madera Energy Cogeneration Energy Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balanced accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission/ Madison Mission Eagle Energy Capital Energy Company L.P. Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $31,354 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 31,354 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balanced accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 451 ------------------------------------------------------ Total deferred charges 451 ------------------------------------------------------ TOTAL ASSETS $31,805 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Energy Mission Energy Construction Energy Holdings Services, Inc. Holdings, Inc. International, Inc. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $2,935,436 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $3,812 ($1) 170,827 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 3,812 (1) 3,106,263 ------------------------------------------------------ Cash and equivalents 453,969 Receivables, including unbilled revenue, net 76,900 of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balanced accounts - net Prepayments and other current assets 8,584 ------------------------------------------------------ Total current assets 539,453 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 5,913 361,076 ------------------------------------------------------ Total deferred charges 5,913 ------------------------------------------------------ TOTAL ASSETS $3,812 $5,912 $4,006,792 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Energy Energy Energy Indonesia Mexico New York, Inc. ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $111,824 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 111,824 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $111,824 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Energy Mission Operations de Wales Energy Mexico, Company Westside, Inc. S.A. de C.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $170,745 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 170,745 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $170,745 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission North Northern Triple Cycle Jackson Sierra Systems Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant - net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Ortega Panther Paradise Energy Timber Energy Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant - net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Pleasant Prince Quartz Valley George Peak Energy Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $2,759 $16,389 $12,549 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 2,759 16,389 12,549 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 30 ------------------------------------------------------ Total current assets 30 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $2,759 $16,389 $12,579 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Rapidan Reeves Bay Ridgecreast Energy Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $671 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 671 ------------------------------------------------------ Cash and equivalents 45 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 205 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 250 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 9 ------------------------------------------------------ Total deferred charges 9 ------------------------------------------------------ TOTAL ASSETS $930 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Rio San Escondido Riverport Gabriel Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents $3 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1,169 $35 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 1,172 35 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 21,246 ------------------------------------------------------ Total deferred charges 21,246 ------------------------------------------------------ TOTAL ASSETS $22,418 $35 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
San Joaquin San Juan San Pedro Energy Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $40,783 $12,907 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 40,783 12,907 ------------------------------------------------------ Cash and equivalents 11 5 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 18 20 Fuel inventory Materials and supplies, at average cost Regulatory balanced accounts - net Prepayments and other current assets 21 27 ------------------------------------------------------ Total current assets 50 52 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 7,051 ------------------------------------------------------ Total deferred charges 7,051 ------------------------------------------------------ TOTAL ASSETS $47,884 $12,959 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Santa Ana Santa Clara Silverado Energy Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $6,868 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 6,868 ------------------------------------------------------ Cash and equivalents 1 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 6 ------------------------------------------------------ Total current assets 7 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $6,875 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Silver Springs Somona South Coast Energy Geothermal Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $5,723 $10,594 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 5,723 10,594 ------------------------------------------------------ Cash and equivalents 536 1,000 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 20 76 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 556 1,076 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $6,279 $11,670 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Southern Sierra Thorofare Viejo Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $51,320 $8,964 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 51,320 8,964 ------------------------------------------------------ Cash and equivalents 6 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 7 1 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 36 8 ------------------------------------------------------ Total current assets 49 9 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 9,663 ------------------------------------------------------ Total deferred charges 9,663 ------------------------------------------------------ TOTAL ASSETS $61,032 $8,973 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Western Vista Sierra Energy Energy Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $69,170 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 69,170 ------------------------------------------------------ Cash and equivalents $70 6 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2,332 7 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 37 ------------------------------------------------------ Total current assets 2,402 50 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 3,104 11,660 ------------------------------------------------------ Total deferred charges 3,104 11,660 ------------------------------------------------------ TOTAL ASSETS $5,506 $80,880 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Mission Mission Consolidating Energy Energy Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $5,496 $1 $2,940,987 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 1,346,429 (1,462,250) 919,789 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,351,925 (1,462,249) 3,860,776 ------------------------------------------------------ Cash and equivalents 124,925 1 585,883 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 13,072 (41,748) 99,193 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 719 9,511 ------------------------------------------------------ Total current assets 138,716 (41,747) 694,587 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 8,757 (403,379) 429,782 ------------------------------------------------------ Total deferred charges 8,757 (403,379) 429,782 ------------------------------------------------------ TOTAL ASSETS $1,499,398 ($1,907,375) $4,985,145 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Aguila Anacapa Arrowhead Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $17,301 $3,295 Cumulative Translation Adjustments, Net Retained earnings (6,774) (429) $14 ------------------------------------------------------ 10,527 2,866 14 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 10,527 2,866 14 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (18,852) 5,129 40 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 671 ------------------------------------------------------ Total current liabilities (18,852) 5,800 40 ------------------------------------------------------ Accumulated deferred income taxes - net 21,152 (54) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 21,152 ($54) ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $12,827 $8,666 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Bergen Blue Balboa Point Ridge Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $968 Cumulative Translation Adjustments, Net Retained earnings ($8) (3,163) ($8) ------------------------------------------------------ (8) (2,195) (8) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (8) (2,195) (8) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 13 3,544 12 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 13 3,544 12 ------------------------------------------------------ Accumulated deferred income taxes - net (5) (351) (4) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ($5) (351) ($4) ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $998 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Bretton Woods Camino Capistrano Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $314 $8,371 $4,122 Cumulative Translation Adjustments, Net Retained earnings 66 (824) 2,175 ------------------------------------------------------ 380 7,547 6,297 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt 387,214 ------------------------------------------------------ Total capitalization 380 394,761 6,297 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 32,997 Short-term debt Accounts payable (432) (333,503) 2,268 Accrued taxes Accrued interest 8,740 Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 19 ------------------------------------------------------ Total current liabilities (432) (291,747) 2,268 ------------------------------------------------------ Accumulated deferred income taxes - net 52 26,819 14,973 Accumulated deferred investment tax credits 7,933 2,118 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits $52 34,752 17,091 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $137,766 $25,656 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Centerport Chesapeake Chester Energy Bay Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $241 $2,484 $114 Cumulative Translation Adjustments, Net Retained earnings 48 (1,519) (141) ------------------------------------------------------ 289 965 (27) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 289 965 (27) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (333) (1,028) 27 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (333) (1,028) 27 ------------------------------------------------------ Accumulated deferred income taxes - net 44 63 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits $44 $63 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Clayville Colonial Coronado Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Cumulative Translation Adjustments, Net Retained earnings ($5) ($3) ($5) ------------------------------------------------------ (5) (3) (5) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (5) (3) (5) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable stock Short-term debt Accounts payable 5 3 5 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities $5 $3 $5 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Crescent Valley Del Mar Delaware Energy Energy Energy Company Company Conservers, Inc. ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $2,240 Cumulative Translation Adjustments, Net Retained earnings $6,454 160 ($1) ------------------------------------------------------ 6,454 2,400 (1) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 6,454 2,400 (1) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 5,016 2,491 1 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 5,016 2,491 $1 ------------------------------------------------------ Accumulated deferred income taxes - net 3,645 1,821 Accumulated deferred investment tax credits 2,943 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 6,588 1,821 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $18,058 $6,712 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Desert Eastern Sunrise Devereaux Sierra Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock $1 Additional Paid in Capital 12 $32,413 $9,153 Cumulative Translation Adjustments, Net Retained earnings (4) (7,008) 1,700 ------------------------------------------------------ 9 25,405 10,853 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 9 25,405 10,853 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (10) (14,010) 1,282 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (10) (14,010) 1,282 ------------------------------------------------------ Accumulated deferred income taxes - net 1 3,916 221 Accumulated deferred investment tax credits Customer advances and other deferred credits 921 ------------------------------------------------------ Total deferred credits $1 4,837 221 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $16,232 $12,356 =======================================================
PAGE 402 Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison East Maine Mission Mission Energy Energy Fuel Energy Company Consolidated Funding Corp ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $69,367 Cumulative Translation Adjustments, Net Retained earnings ($6) (139) ------------------------------------------------------ (6) 69,228 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred stock of Limited Partnership Long-term debt $387,214 ------------------------------------------------------ Total capitalization (6) 69,228 387,214 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 32,997 Short-term debt Accounts payable 6 765 Accrued taxes Accrued interest 8,740 Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 1,211 11 ------------------------------------------------------ Total current liabilities $6 1,976 41,748 ------------------------------------------------------ Accumulated deferred income taxes - net (4,103) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (4,103) ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $67,101 $428,962 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Mission Mission Operation & El Dorado Energy Maintenance Energy Interface Ltd. Inc. Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $315 $10,302 $12,246 Cumulative Translation Adjustments, Net (37) Retained earnings 36 1,119 (7,682) ------------------------------------------------------ 314 11,421 4,564 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 314 11,421 4,564 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (5,046) (2,366) Accrued taxes 25 Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 4,881 ------------------------------------------------------ Total current liabilities 25 (165) (2,366) ------------------------------------------------------ Accumulated deferred income taxes - net (1,421) (2,085) Accumulated deferred investment tax credits Customer advances and other deferred credits 19 ------------------------------------------------------ Total deferred credits (1,421) (2,066) ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $339 $9,835 $132 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Four Hanover Counties Energy EMP, Gas Company Inc. Company Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock $8,800 Additional Paid in Capital 480 $5,810 Cumulative Translation Adjustments, Net Retained earnings (14,559) ($5) (354) ------------------------------------------------------ (5,279) (5) 5,456 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (5,279) (5) 5,456 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 5,491 5 1,331 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 5,491 $5 1,331 ------------------------------------------------------ Accumulated deferred income taxes - net 3,666 4,341 Accumulated deferred investment tax credits 4,418 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 8,084 4,341 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $8,296 $11,128 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Holtsville Indian Bay Jefferson Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $1,272 $207 Cumulative Translation Adjustments, Net Retained earnings (895) 40 $189 ------------------------------------------------------ 377 247 189 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 377 247 189 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (546) (285) (212) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (546) (285) (212) ------------------------------------------------------ Accumulated deferred income taxes - net 169 38 23 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits $169 $38 $23 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Kings Canyon Kingspark Laguna Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $3,094 $11,535 Cumulative Translation Adjustments, Net Retained earnings ($5) 243 (1,633) ------------------------------------------------------ (5) 3,337 9,902 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt 1,751 ------------------------------------------------------ Total capitalization (5) 3,337 11,653 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 5 (4,596) (12,075) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities $5 (4,596) (12,075) ------------------------------------------------------ Accumulated deferred income taxes - net 1,259 422 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits $1,259 $422 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
La Jolla Lake Grove Lakeview Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $697 Cumulative Translation Adjustments, Net Retained earnings ($5) (509) ($5) ------------------------------------------------------ (5) 188 (5) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (5) 188 (5) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 5 (188) 5 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities $5 ($188) $5 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Lehigh River Longview Madera Energy Cogeneration Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $8,092 Cumulative Translation Adjustments, Net Retained earnings (8,578) ($4) ($8) ------------------------------------------------------ (486) (4) (8) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (486) (4) (8) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (262) 4 12 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (262) $4 12 ------------------------------------------------------ Accumulated deferred income taxes - net 740 (4) Accumulated deferred investment tax credits 8 Customer advances and other deferred credits ($4) ------------------------------------------------------ Total deferred credits $748 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission/ Madison Mission Eagle Energy Capital Energy Company L.P. Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock ($1) Additional Paid in Capital $25,440 Cumulative Translation Adjustments, Net Retained earnings 5 ($1) ------------------------------------------------------ 25,445 (1) (1) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership 150,000 Long-term debt ------------------------------------------------------ Total capitalization 25,445 149,999 (1) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable stock Short-term debt Accounts payable 613 (149,998) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other (1) ------------------------------------------------------ Total current liabilities 613 ($149,999) ------------------------------------------------------ Accumulated deferred income taxes - net 5,296 1 Accumulated deferred investment tax credits Customer advances and other deferred credits 451 ------------------------------------------------------ Total deferred credits 5,747 $1 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $31,805 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Energy Mission Energy Construction Energy Holdings Services, Inc. Holdings, Inc. International, Inc. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $133,131 Additional Paid in Capital 645,265 Cumulative Translation Adjustments, Net 186,695 Retained earnings ($1) ($637) 23,245 ------------------------------------------------------ (1) (637) 988,336 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt 1,847,424 ------------------------------------------------------ Total capitalization (1) (637) 2,835,760 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 41,445 Short-term debt Accounts payable 3,813 6,267 37,246 Accrued taxes 80,007 Accrued interest 32,859 Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 3,813 6,267 191,557 ------------------------------------------------------ Accumulated deferred income taxes - net 282 823,290 Accumulated deferred investment tax credits Customer advances and other deferred credits 55,370 ------------------------------------------------------ Total deferred credits 282 878,660 ------------------------------------------------------ Minority interest 100,815 ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $3,812 $5,912 $4,006,792 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Mission Energy Energy Energy Indonesia Mexico New York, Inc. ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $200 Cumulative Translation Adjustments, Net Retained earnings ($5) (1,142) ($41,569) ------------------------------------------------------ (5) (942) (41,569) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt 17,641 ------------------------------------------------------ Total capitalization (5) (942) (23,928) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 5 937 133,450 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities $5 937 133,450 ------------------------------------------------------ Accumulated deferred income taxes - net 5 2,302 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits $5 2,302 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $111,824 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Energy Mission Operations de Wales Energy Mexico Company Westside, Inc. S.A, de C.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $142,138 Cumulative Translation Adjustments, Net Retained earnings 19,810 ($3) ------------------------------------------------------ 161,948 (3) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 161,948 (3) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (57,536) 3 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (57,536) $3 ------------------------------------------------------ Accumulated deferred income taxes - net 66,333 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 66,333 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $170,745 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission North Northern Triple Cycle Jackson Sierra Systems Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $335 Cumulative Translation Adjustments, Net Retained earnings 154 ($2) $133 ------------------------------------------------------ 489 (2) 133 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 489 (2) 133 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (313) 2 (133) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (313) $2 ($133) ------------------------------------------------------ Accumulated deferred income taxes - net (176) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ($176) ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Ortega Panther Paradise Energy Timber Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $966 Cumulative Translation Adjustments, Net Retained earnings ($6) 254 ($57) ------------------------------------------------------ (6) 1,220 (57) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (6) 1,220 (57) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 6 (766) (3,925) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities $6 (766) (3,925) ------------------------------------------------------ Accumulated deferred income taxes - net (454) 3,982 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ($454) $3,982 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Pleasant Prince Quartz Valley George Peak Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $119 $11,508 $9,278 Cumulative Translation Adjustments, Net Retained earnings (798) (69) (671) ------------------------------------------------------ (679) 11,439 8,607 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (679) 11,439 8,607 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 2,660 1,778 1,258 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 2,660 1,778 1,258 ------------------------------------------------------ Accumulated deferred income taxes - net 778 3,172 2,714 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 778 3,172 2,714 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $2,759 $16,389 $12,579 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Rapidan Reeves Bay Ridgecrest Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $1,976 $788 Cumulative Translation Adjustments, Net Retained earnings (1,504) (671) ($8) ------------------------------------------------------ 472 117 (8) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 472 117 (8) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 1,890 (117) 12 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1,890 ($117) 12 ------------------------------------------------------ Accumulated deferred income taxes - net (1,441) (4) Accumulated deferred investment tax credits Customer advances and other deferred credits 9 ------------------------------------------------------ Total deferred credits (1,432) ($4) ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $930 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Rio San Escondido Riverport Gabriel Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $21,615 $332 Cumulative Translation Adjustments, Net Retained earnings (3,061) 75 ($1,455) ------------------------------------------------------ 18,554 407 (1,455) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 18,554 407 (1,455) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (387) (459) 1,464 Accrued taxes 3,365 Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 2,978 (459) 1,464 ------------------------------------------------------ Accumulated deferred income taxes - net 886 52 26 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 886 $52 26 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $22,418 $35 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
San Joaquin San Juan San Pedro Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $3,000 $4,942 Cumulative Translation Adjustments, Net Retained earnings 2,779 3,664 ($8) ------------------------------------------------------ 5,779 8,606 (8) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt 387,213 ------------------------------------------------------ Total capitalization 392,992 8,606 (8) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 32,997 Short-term debt Accounts payable (402,419) 2,210 12 Accrued taxes Accrued interest 8,740 Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 6 ------------------------------------------------------ Total current liabilities (360,676) 2,210 12 ------------------------------------------------------ Accumulated deferred income taxes - net 12,706 2,143 (4) Accumulated deferred investment tax credits 2,862 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 15,568 2,143 ($4) ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $47,884 $12,959 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Santa Ana Santa Clara Silverado Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $2,910 Cumulative Translation Adjustments, Net Retained earnings ($8) ($6) 1,398 ------------------------------------------------------ (8) (6) 4,308 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (8) (6) 4,308 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 12 6 2,337 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 12 $6 2,337 ------------------------------------------------------ Accumulated deferred income taxes - net (4) 230 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ($4) 230 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $6,875 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Silver Springs Sonoma South Coast Energy Geothermal Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $5,000 Additional Paid in Capital $5,511 (2,930) Cumulative Translation Adjustments, Net Retained earnings ($5) (1,718) 4,705 ------------------------------------------------------ (5) 3,793 6,775 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (5) 3,793 6,775 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 5 3,734 1,552 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 50 ------------------------------------------------------ Total current liabilities $5 3,734 1,602 ------------------------------------------------------ Accumulated deferred income taxes - net (1,272) 2,609 Accumulated deferred investment tax credits 24 684 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (1,248) 3,293 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $6,279 $11,670 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Southern Sierra Thorofare Viejo Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock $15,000 Additional Paid in Capital (9,543) $3,255 Cumulative Translation Adjustments, Net Retained earnings 4,145 ($2) (203) ------------------------------------------------------ 9,602 (2) 3,052 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt 387,213 ------------------------------------------------------ Total capitalization 396,815 (2) 3,052 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 32,997 Short-term debt Accounts payable (391,305) (24) 5,136 Accrued taxes Accrued interest 8,740 Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 11 ------------------------------------------------------ Total current liabilities (349,557) (24) 5,136 ------------------------------------------------------ Accumulated deferred income taxes - net 9,842 26 785 Accumulated deferred investment tax credits 3,932 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 13,774 $26 785 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $61,032 $8,973 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Western Vista Sierra Energy Energy Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock $21,000 Additional Paid in Capital $13,380 (12,393) Cumulative Translation Adjustments, Net Retained earnings (1,348) 1,668 ------------------------------------------------------ 12,032 10,275 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt 975 387,214 ------------------------------------------------------ Total capitalization 13,007 397,489 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 941 32,997 Short-term debt Accounts payable (12,841) (375,834) Accrued taxes Accrued interest 8,740 Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 666 14 ------------------------------------------------------ Total current liabilities (11,234) (334,083) ------------------------------------------------------ Accumulated deferred income taxes - net 3,733 13,366 Accumulated deferred investment tax credits 4,108 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 3,733 17,474 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $5,506 $80,880 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Mission Mission Consolidating Energy Energy Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $64,248 ($183,049) $64,130 Additional Paid in Capital 636,790 (1,079,921) 629,406 Cumulative Translation Adjustments, Net 7,312 (74) 30,446 Retained earnings 95,115 (120,987) 102,620 ------------------------------------------------------ 803,465 (1,384,031) 826,602 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership 150,000 Long-term debt 277,116 (1,626,854) 2,454,121 ------------------------------------------------------ Total capitalization 1,080,581 (3,010,885) 3,430,723 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock (131,988) 75,383 Short-term debt Accounts payable 325,745 1,268,629 38,446 Accrued taxes 8,199 91,596 Accrued interest 1,028 34,960 42,627 Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 102,229 12,903 122,671 ------------------------------------------------------ Total current liabilities 437,201 1,114,584 370,723 ------------------------------------------------------ Accumulated deferred income taxes - net (36,232) (527,797) 462,513 Accumulated deferred investment tax credits (2,732) (2,341) 23,957 Customer advances and other deferred credits 20,580 610,777 688,127 ------------------------------------------------------ Total deferred credits (18,384) 80,639 1,174,597 ------------------------------------------------------ Minority interest (91,713) 9,102 ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $1,499,398 $1,907,375 $4,985,145 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Aguila Anacapa Arrowhead Energy Energy Energy Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations ($2,627) $1,606 ----------------------------------------------------- Total operating revenue (2,627) 1,606 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 1,105 2,221 Maintenance Depreciation and decommissioning 68 Income taxes (1,788) (292) $3 Property and other taxes ------------------------------------------------------ Total operating expenses (683) 1,997 3 ------------------------------------------------------ Operating income (1,944) (391) (3) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 6 Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 6 ------------------------------------------------------ Income before interest and other expenses (1,944) (391) 3 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1,944) (391) 3 Retained Earnings - beginning of year (4,830) (38) 11 Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($6,774) ($429) $14 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Bergen Blue Balboa Point Ridge Energy Energy Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations $84 ----------------------------------------------------- Total operating revenue 84 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,210 Maintenance Depreciation and decommissioning 14 Income taxes (884) $1 Property and other taxes ------------------------------------------------------ Total operating expenses 1,340 1 ------------------------------------------------------ Operating income (1,256) (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1,256) (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1,256) (1) Retained Earnings - beginning of year ($8) (1,907) (7) Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($8) ($3,163) ($8) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Bretton Woods Camino Capistrano Energy Energy Cogeneration Company Company Company ============================================================================================================ Electric utility revenue Diversified operations $37,650 $5,063 ----------------------------------------------------- Total operating revenue 37,650 5,063 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,279 2,210 Maintenance Depreciation and decommissioning 688 8 Income taxes 1,839 1,000 Property and other taxes ------------------------------------------------------ Total operating expenses 4,806 3,218 ------------------------------------------------------ Operating income 32,844 1,845 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 26,157 Minority interest Taxes on nonoperating income (10,191) Other nonoperating income - net (420) ------------------------------------------------------ Total other income (deductions) - net 15,546 ------------------------------------------------------ Income before interest and other expenses 48,390 1,845 ------------------------------------------------------ Interest on long-term debt 31,220 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 31,220 ------------------------------------------------------ NET INCOME 17,170 1,845 Retained Earnings - beginning of year $66 43,985 329 Deduct - Dividend on Common Stock and Other (61,979) 1 ------------------------------------------------------ Retained Earnings - end of year $66 ($824) $2,175 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Centerport Chesapeake Chester Energy Bay Energy Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes $1 Property and other taxes ------------------------------------------------------ Total operating expenses 1 ------------------------------------------------------ Operating income (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income $1,005 Other nonoperating income - net (2,539) ------------------------------------------------------ Total other income (deductions) - net (1,534) ------------------------------------------------------ Income before interest and other expenses (1) (1,534) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1) (1,534) Retained Earnings - beginning of year 49 15 ($141) Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year $48 ($1,519) ($141) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Clayville Colonial Coronado Energy Energy Energy Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes $1 $1 Property and other taxes ------------------------------------------------------ Total operating expenses 1 1 ------------------------------------------------------ Operating income (1) (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1) (1) Retained Earnings - beginning of year (4) ($3) (4) Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($5) ($3) ($5) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Crescent Valley Del Mar Delaware Energy Energy Energy Company Company Conservers, Inc. ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $894 $1,170 ----------------------------------------------------- Total operating revenue 894 1,170 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,217 2,218 Maintenance Depreciation and decommissioning 14 Income taxes (779) (429) Property and other taxes ------------------------------------------------------ Total operating expenses 1,438 1,803 ------------------------------------------------------ Operating income (544) (633) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (544) (633) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (544) (633) Retained Earnings - beginning of year 6,998 793 ($1) Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year $6,454 $160 ($1) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Desert Eastern Sunrise Devereaux Sierra Energy Energy Energy Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations ($2,469) $4,334 ----------------------------------------------------- Total operating revenue (2,469) 4,334 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 1,105 2,210 Maintenance Depreciation and decommissioning 204 Income taxes $1 (1,679) 634 Property and other taxes ------------------------------------------------------ Total operating expenses 1 (574) 3,048 ------------------------------------------------------ Operating income (1) (1,895) 1,286 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income (29) Other nonoperating income - net 72 ------------------------------------------------------ Total other income (deductions) - net 43 ------------------------------------------------------ Income before interest and other expenses (1) (1,895) 1,329 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1) (1,895) 1,329 Retained Earnings - beginning of year (3) (5,114) 1,452 Deduct - Dividend on Common Stock and Other 1 (1,081) ------------------------------------------------------ Retained Earnings - end of year ($4) ($7,008) $1,700 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Edison Edison East Maine Mission Mission Energy Energy Fuel Energy Company Consolidated Funding Corp. ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $35,110 ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 4,620 Maintenance Depreciation and decommissioning 7,121 Income taxes 4,642 Property and other taxes ------------------------------------------------------ Total operating expenses 16,383 ------------------------------------------------------ Operating income 18,727 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income $31,230 Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 31,230 ------------------------------------------------------ Income before interest and other expenses 18,727 31,230 ------------------------------------------------------ Interest on long-term debt 31,230 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net $31,230 ------------------------------------------------------ NET INCOME 18,727 Retained Earnings - beginning of year ($6) 3,862 Deduct - Dividend on Common Stock and Other (22,728) ------------------------------------------------------ Retained Earnings - end of year ($6) ($139) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Edison Edison Mission Mission Operation & El Dorado Energy Maintenance Energy Interface Ltd. Inc. Company ============================================================================================================ Electric utility revenue Diversified operations $48 $29,149 $177 ----------------------------------------------------- Total operating revenue 48 29,149 177 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 24,940 1,105 Maintenance Depreciation and decommissioning 66 212 Income taxes 19 1,612 (415) Property and other taxes 3 ------------------------------------------------------ Total operating expenses 19 26,621 902 ------------------------------------------------------ Operating income 29 2,528 (725) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 227 Minority interest Taxes on nonoperating income (134) (51) Other nonoperating income - net 112 129 ------------------------------------------------------ Total other income (deductions) - net 205 78 ------------------------------------------------------ Income before interest and other expenses 29 2,733 (647) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 29 2,733 (647) Retained Earnings - beginning of year 5,564 (7,035) Deduct - Dividend on Common Stock and Other 7 (7,178) ------------------------------------------------------ Retained Earnings - end of year $36 $1,119 ($7,682) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Four Hanover Counties Energy EMP, Gas Company Inc. Company Consolidated ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $4,851 $1,732 ----------------------------------------------------- Total operating revenue 4,851 1,732 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,210 2,210 Maintenance Depreciation and decommissioning 126 Income taxes 561 $1 (351) Property and other taxes ------------------------------------------------------ Total operating expenses 2,771 1 1,985 ------------------------------------------------------ Operating income 2,080 (1) (253) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 81 Minority interest Taxes on nonoperating income (55) Other nonoperating income - net 57 9 ------------------------------------------------------ Total other income (deductions) - net 83 9 ------------------------------------------------------ Income before interest and other expenses 2,163 (1) (244) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 2,163 (1) (244) Retained Earnings - beginning of year (16,722) (4) (18) Deduct - Dividend on Common Stock and Other (92) ------------------------------------------------------ Retained Earnings - end of year ($14,559) ($5) ($354) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Holtsville Indian Bay Jefferson Energy Energy Energy Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes $1 ($1,137) Property and other taxes ------------------------------------------------------ Total operating expenses 1 (1,137) ------------------------------------------------------ Operating income (1) 1,137 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) 1,137 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1) 1,137 Retained Earnings - beginning of year (894) $40 (948) Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($895) $40 $189 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Kings Canyon Kingspark Laguna Energy Energy Energy Company Company Company ============================================================================================================ (Inactive) (Inactive) Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes $1 $1 ($51) Property and other taxes ------------------------------------------------------ Total operating expenses 1 1 (51) ------------------------------------------------------ Operating income (1) (1) 51 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) (1) 51 ------------------------------------------------------ Interest on long-term debt 133 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 133 ------------------------------------------------------ NET INCOME (1) (1) (82) Retained Earnings - beginning of year (4) 244 (1,551) Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($5) $243 ($1,633) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
La Jolla Lake Grove Lakeview Energy Energy Energy Company Company Company ============================================================================================================ (Inactive) (Inactive) Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes $1 $1 $1 Property and other taxes ------------------------------------------------------ Total operating expenses 1 1 1 ------------------------------------------------------ Operating income (1) (1) (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) (1) (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1) (1) (1) Retained Earnings - beginning of year (4) (508) (4) Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($5) ($509) ($5) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Lehigh River Longview Madera Energy Congeneration Energy Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $2,210 Maintenance Depreciation and decommissioning Income taxes (935) $1 Property and other taxes ------------------------------------------------------ Total operating expenses 1,275 1 ------------------------------------------------------ Operating income (1,275) (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net (1) ------------------------------------------------------ Total other income (deductions) - net (1) ------------------------------------------------------ Income before interest and other expenses (1,276) (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1,276) (1) Retained Earnings - beginning of year (7,302) ($4) (7) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($8,578) ($4) ($8) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Mission/ Madison Mission Eagle Energy Capital Energy Company L.P. Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $2,466 ----------------------------------------------------- Total operating revenue 2,466 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 1,105 Maintenance Depreciation and decommissioning 132 Income taxes 1,485 ($5,525) Property and other taxes ------------------------------------------------------ Total operating expenses 2,722 (5,525) ------------------------------------------------------ Operating income (256) 5,525 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 13,953 Minority interest Taxes on nonoperating income (5,525) Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 8,428 ------------------------------------------------------ Income before interest and other expenses (256) 13,953 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities 13,953 ------------------------------------------------------ Total interest and other expenses - net 13,953 ------------------------------------------------------ NET INCOME (256) Retained Earnings - beginning of year 2,755 (1) ($1) Deduct - Dividend on Common Stock and Other (2,494) $1 ------------------------------------------------------ Retained Earnings - end of year $5 ($1) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Mission Mission Energy Mission Energy Construction Energy Holdings Services, Inc. Holdings,Inc. International, Inc. ============================================================================================================ Electric utility revenue $744,675 Diversified operations 35,698 ----------------------------------------------------- Total operating revenue 780,373 ----------------------------------------------------- 192,325 Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 144,212 Maintenance Depreciation and decommissioning 109,682 Income taxes 22,943 Property and other taxes 18,859 ------------------------------------------------------ Total operating expenses 488,021 ------------------------------------------------------ Operating income 292,352 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction 23,109 Interest income (59,001) Minority interest Taxes on nonoperating income (8,088) Other nonoperating income - net (6,279) ------------------------------------------------------ Total other income (deductions) - net (50,259) ------------------------------------------------------ Income before interest and other expenses 242,093 ------------------------------------------------------ 167,041 Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest (5) Dividend on subsidiary preferred securities $218 ------------------------------------------------------ Total interest and other expenses - net 218 167,036 ------------------------------------------------------ NET INCOME (218) 75,057 Retained Earnings - beginning of year ($1) (418) 111,638 Deduct - Dividend on Common Stock and Other (1) ------------------------------------------------------ Retained Earnings - end of year ($1) ($637) $186,695 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Mission Mission Mission Energy Energy Energy Indonesia Mexico New York, Inc. ============================================================================================================ (Inactive) Electric utility revenue Diversified operations ($3,204) ----------------------------------------------------- Total operating revenue (3,204) ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,894 Maintenance Depreciation and decommissioning Income taxes $1 $1 (12,051) Property and other taxes ------------------------------------------------------ Total operating expenses 1 1 (9,157) ------------------------------------------------------ Operating income (1) (1) 5,953 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 618 Minority interest Taxes on nonoperating income (95) Other nonoperating income - net (377) ------------------------------------------------------ Total other income (deductions) - net 146 ------------------------------------------------------ Income before interest and other expenses (1) (1) 6,099 ------------------------------------------------------ Interest on long-term debt 23,305 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 23,305 ------------------------------------------------------ NET INCOME (1) (1) (17,206) Retained Earnings - beginning of year (4) (1,141) (24,362) Deduct - Dividend on Common Stock and Other (1) ------------------------------------------------------ Retained Earnings - end of year ($5) ($1,142) ($41,569) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Mission Mission Energy Mission Operations Wales Energy de Mexico Company Westside, Inc. S.A. de C.V. ============================================================================================================ Electric utility revenue Diversified operations $20,143 ----------------------------------------------------- Total operating revenue 20,143 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes 8,634 $1 Property and other taxes ------------------------------------------------------ Total operating expenses 8,634 1 ------------------------------------------------------ Operating income 11,509 (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,073 Minority interest Taxes on nonoperating income (425) Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 648 ------------------------------------------------------ Income before interest and other expenses 12,157 (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 12,157 1 Retained Earnings - beginning of year 7,633 (2) Deduct - Dividend on Common Stock and Other 20 ------------------------------------------------------ Retained Earnings - end of year $19,810 ($3) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Mission North Northern Triple Cycle Jackson Sierra Systems Energy Energy Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes $1 $1 Property and other taxes ------------------------------------------------------ Total operating expenses 1 1 ------------------------------------------------------ Operating income (1) (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1) (1) Retained Earnings - beginning of year $154 (1) 134 Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year $154 ($2) $133 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Ortega Panther Paradise Energy Timber Energy Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes $1 $1 ($1) Property and other taxes ------------------------------------------------------ Total operating expenses 1 1 (1) ------------------------------------------------------ Operating income (1) (1) 1 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) (1) 1 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1) (1) 1 Retained Earnings - beginning of year (5) 255 (58) Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($6) $254 ($57) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Pleasant Prince Quartz Valley George Peak Energy Energy Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations ($26) $4,040 $1,508 ----------------------------------------------------- Total operating revenue (26) 4,040 1,508 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 1,105 2,210 2,283 Maintenance Depreciation and decommissioning 614 61 Income taxes (465) 397 (406) Property and other taxes ------------------------------------------------------ Total operating expenses 640 3,221 1,938 ------------------------------------------------------ Operating income (666) 819 (430) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 121 Minority interest Taxes on nonoperating income (3) (48) Other nonoperating income - net 7 ------------------------------------------------------ Total other income (deductions) - net 4 73 ------------------------------------------------------ Income before interest and other expenses (662) 819 (357) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (662) 819 (357) Retained Earnings - beginning of year (136) 361 71 Deduct - Dividend on Common Stock and Other (1,249) (385) ------------------------------------------------------ Retained Earnings - end of year ($798) ($69) ($671) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Rapidan Reeves Bay Ridgecrest Energy Energy Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations $51 ----------------------------------------------------- Total operating revenue 51 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 1,105 Maintenance Depreciation and decommissioning 4 Income taxes (411) $1 $1 Property and other taxes ------------------------------------------------------ Total operating expenses 698 1 1 ------------------------------------------------------ Operating income (647) (1) (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income (29) Other nonoperating income - net 72 ------------------------------------------------------ Total other income (deductions) - net 43 ------------------------------------------------------ Income before interest and other expenses (604) (1) (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (604) (1) (1) Retained Earnings - beginning of year (900) (670) (7) Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($1,504) ($671) ($8) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Rio San Escondido Riverport Gabriel Energy Energy Energy Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations ($797) ----------------------------------------------------- Total operating revenue (797) ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes $815 $1 (333) Property and other taxes ------------------------------------------------------ Total operating expenses 815 1 (333) ------------------------------------------------------ Operating income (815) (1) (464) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 6,358 Minority interest Taxes on nonoperating income (3,872) 99 Other nonoperating income - net 3,421 (251) ------------------------------------------------------ Total other income (deductions) - net 5,907 (152) ------------------------------------------------------ Income before interest and other expenses 5,092 (1) (616) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 5,092 (1) (616) Retained Earnings - beginning of year (8,153) 76 (839) Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($3,061) $75 ($1,455) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
San Joaquin San Juan San Pedro Energy Energy Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations $12,613 $8,328 ----------------------------------------------------- Total operating revenue 12,613 8,328 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,249 2,241 Maintenance Depreciation and decommissioning 30 90 Income taxes (8,017) 2,257 $1 Property and other taxes ------------------------------------------------------ Total operating expenses (5,738) 4,588 1 ------------------------------------------------------ Operating income 18,351 3,740 (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 30,122 Minority interest Taxes on nonoperating income (11,956) Other nonoperating income - net 71 ------------------------------------------------------ Total other income (deductions) - net 18,237 ------------------------------------------------------ Income before interest and other expenses 36,588 3,740 (1) ------------------------------------------------------ Interest on long-term debt 31,032 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 31,032 ------------------------------------------------------ NET INCOME 5,556 3,740 (1) Retained Earnings - beginning of year 13,490 1,438 (7) Deduct - Dividend on Common Stock and Other (16,267) (1,514) ------------------------------------------------------ Retained Earnings - end of year $2,779 $3,664 ($8) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Santa Ana Santa Clara Silverado Energy Energy Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations $2,044 ----------------------------------------------------- Total operating revenue 2,044 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,219 Maintenance Depreciation and decommissioning 50 Income taxes $1 $1 (98) Property and other taxes ------------------------------------------------------ Total operating expenses 1 1 2,171 ------------------------------------------------------ Operating income (1) (1) (127) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) (1) (127) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1) (1) (127) Retained Earnings - beginning of year (7) (5) 1,525 Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($8) ($6) $1,398 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Silver Springs Sonoma South Coast Energy Geothermal Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations $645 $5,094 ----------------------------------------------------- Total operating revenue 645 5,094 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,210 2,222 Maintenance Depreciation and decommissioning 4 Income taxes $1 (670) 1,177 Property and other taxes ------------------------------------------------------ Total operating expenses 1 1,540 3,403 ------------------------------------------------------ Operating income (1) (895) 1,691 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 34 Minority interest Taxes on nonoperating income (5) 206 Other nonoperating income - net 12 (554) ------------------------------------------------------ Total other income (deductions) - net 7 (314) ------------------------------------------------------ Income before interest and other expenses (1) (888) 1,377 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1) (888) 1,377 Retained Earnings - beginning of year (4) (830) 3,328 Deduct - Dividend on Common Stock and Other ------------------------------------------------------ Retained Earnings - end of year ($5) ($1,718) $4,705 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Southern Sierra Thorofare Viejo Energy Energy Energy Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $30,387 $1,725 ----------------------------------------------------- Total operating revenue 30,387 1,725 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,264 2,222 Maintenance Depreciation and decommissioning 58 65 Income taxes (820) $1 (240) Property and other taxes ------------------------------------------------------ Total operating expenses 1,502 1 2,047 ------------------------------------------------------ Operating income 28,885 (1) (322) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 29,300 Minority interest Taxes on nonoperating income (11,598) Other nonoperating income - net (9) ------------------------------------------------------ Total other income (deductions) - net 17,693 ------------------------------------------------------ Income before interest and other expenses 46,578 (1) (322) ------------------------------------------------------ Interest on long-term debt 31,095 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 31,095 ------------------------------------------------------ NET INCOME 15,483 (1) (322) Retained Earnings - beginning of year 30,724 (1) 119 Deduct - Dividend on Common Stock and Other (42,062) ------------------------------------------------------ Retained Earnings - end of year $4,145 ($2) ($203) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Western Vista Sierra Energy Energy Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $31,264 ----------------------------------------------------- Total operating revenue 31,264 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,285 Maintenance Depreciation and decommissioning 37 Income taxes ($407) (532) Property and other taxes ------------------------------------------------------ Total operating expenses (407) 1,790 ------------------------------------------------------ Operating income 407 29,474 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 479 29,257 Minority interest Taxes on nonoperating income (190) (11,581) Other nonoperating income - net (11) ------------------------------------------------------ Total other income (deductions) - net 289 17,665 ------------------------------------------------------ Income before interest and other expenses 696 47,139 ------------------------------------------------------ Interest on long-term debt 31,144 Other interest expense 157 Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 157 31,144 ------------------------------------------------------ NET INCOME 539 15,995 Retained Earnings - beginning of year (1,887) 16,693 Deduct - Dividend on Common Stock and Other (31,020) ------------------------------------------------------ Retained Earnings - end of year ($1,348) $1,668 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (in thousands)
Edison Edison Mission Mission Consolidating Energy Energy Adjustments Consolidated ============================================================================================================ Electric utility revenue $744,675 Diversified operations $895 ($39,330) 230,316 ----------------------------------------------------- Total operating revenue 895 (39,330) 974,991 ----------------------------------------------------- Fuel 192,325 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 37,630 20,051 285,577 Maintenance Depreciation and decommissioning 4,088 (20,642) 102,794 Income taxes (39,731) 58,452 28,051 Property and other taxes 94 (18,564) 392 ------------------------------------------------------ Total operating expenses 2,081 39,297 609,139 ------------------------------------------------------ Operating income (1,186) 78,627 365,852 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 23,571 (179,987) 35,709 Minority interest 20,143 (38,858) Taxes on nonoperating income (10,716) 43,969 (29,312) Other nonoperating income - net 3,491 8,101 5,113 ------------------------------------------------------ Total other income (deductions) - net 16,346 (107,774) (27,348) ------------------------------------------------------ Income before interest and other expenses 15,160 (186,401) 338,504 ------------------------------------------------------ Interest on long-term debt 55,489 (178,996) 222,693 Other interest expense 157 Allowance for borrowed funds used during construction Capitalized interest (12,539) 5 (12,539) Dividend on subsidiary preferred securities (1,004) 13,167 ------------------------------------------------------ Total interest and other expenses - net 42,950 (179,995) 223,478 ------------------------------------------------------ NET INCOME (27,790) (6,406) 115,026 Retained Earnings - beginning of year 256,174 (160,871) 262,594 Deduct - Dividend on Common Stock and Other (133,269) 46,290 (275,000) ------------------------------------------------------ Retained Earnings - end of year $95,115 $120,987 $102,620 ======================================================
Edison Mission Energy and Subsidiaries Equity Investments December 31, 1997
Bergen Aguila Anacapa Balboa Point Energy Energy Energy Energy Company Company Company Company ============================================================================== Name of Entity: American Salinas River Smithtown TEVCO/ Bituminous Cogeneration Cogeneration, Mission Power Company L.P. Bayonne Partners, Partnership L.P. Ownership Interest: 49.5% 50% 50% 50% Nature/Purpose of Business: (a) (b) (c) (d) Ownership Interest in (000): Assets $79,697 $21,852 $2,488 $830 Revenue $13,115 $8,809 $78 Net Income (Loss) ($2,739) $1,489 $78
(a) To own an 80 MW cogeneration facility located in Grant Town, West Virginia. (b) To own and operate the 38 MW cogeneration facility located in Monterey County, California. (c) To own and operate power production facilities. (d) To own a limited partnership interest in the Cogen Technologies NJ Venture. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1997
Bretton Blue Ridge Woods Camino Capistrano Centerport Energy Energy Energy Cogeneration Energy Company Company Company Company Company ============================================================================== Name of Entity: Bretton Woods Bretton Woods Watson James River Riverhead Cogeneration, Cogeneration, Cogeneration Cogeneration Cogeneration L.P. L.P. Company Company I, L.P. Ownership Interest: 50% 50% 49% 50% 50% Nature/Purpose of Business: (e) (f) (g) (h) (I) Ownership Interest in (000): Assets $359 $359 $126,955 $40,036 $244 Revenue $111,373 $25,167 Net Income (Loss) $38,673 $4,681
(e) To own and operate power production facilities. (f) To own and operate power production facilities. (g) To own and operate the 385 MW cogeneration facility at ARCO's Los Angeles Refinery in Carson, California. (h) To own and operate the 110 MW cogeneration facility located in Hopewell, Chester County, Virginia. (I) To own and operate power production facilities. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1997
Chesapeake Crescent Bay Chickahominy Clayville Coronado Valley Energy River Energy Energy Energy Energy Company Corp. Company Company Company ============================================================================== Name of Entity: Delaware Commonwealth Oconee Oconee Beowawe Clean Atlantic Energy, Energy, Geothermal Energy Limited L.P. L.P. Power Project Partnership Company Ownership Interest: 50% 50% 50% 50% 50% Nature/Purpose of Business: (j) (k) (l) (m) (n) Ownership Interest in (000): Assets $61,206 ($70) Revenue $11,968 $2,702 Net Income (Loss) $1,669 $761
(j) To own and operate power production facilities. (k) To own a 340 MW power production facility located in Chesapeake, Virginia. (l) To own and operate power production facilities. (m) To own and operate power production facilities. (n) To own and operate the 15 MW geothermal facility at the Beowawe Known Geothermal Resource Area of Eureka and Lander County, Nevada. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1997
Eastern Edison Edison Del Mar Devereaux Sierra Mission Mission Energy Energy Energy Energy Energy Company Company Company Interface Ltd. Oil & Gas ============================================================================== Name of Entity: Mid-Set Auburndale Saguaro Mission Four Star Cogeneration Power Power Interface Oil & Gas Company Partners, L.P. Company, L.P. Partnership Company Ownership Interest: 50% 49% 50% 50% 46.85% Nature/Purpose of Business: (o) (p) (q) (r) (s) Ownership Interest in (000): Assets $12,284 $78,634 $52,940 $352 $243,854 Revenue $9,253 $24,548 $24,304 $44 $130,712 Net Income (Loss) $1,124 ($2,317) $4,130 $49 $35,138
(o) To own and operate the 38 MW cogeneration facility located in Kern County, California. (p) To own and operate a 150 MW power production facility located in Florida. (q) To own and operate the 90 MW cogeneration facility located in Henderson, Nevada. (r) To own and operate power production facilities. (s) To own an interest in the common stock of a domestic oil and gas exploration and production company. PAGE 457 Edison Mission Energy and Subsidiaries Equity Investments December 31, 1997
(1) GEO El Dorado East Mesa Holtsville Indian Bay Energy EMP, Limited Energy Energy Company Inc. Partnership Company Company ============================================================================== Name of Entity: Auburndale GEO GEO Brookhaven Riverhead Power East Mesa East Mesa Cogeneration Cogeneration Partners, Limited Electric L.P. III, L.P. L.P. Partnership Company (1) Ownership Interest: 1% 50% 100% 50% 50% Nature/Purpose of Business: (t) (u) (v) (w) (x) Ownership Interest in (000): Assets $1,605 $31,271 $533 $1,294 $216 Revenue $501 $23,869 $30 Net Income (Loss) ($47) $2,259 ($57)
(t) To own and operate a 150 MW power production facility located in Florida. (u) To own and operate geothermal facilities (40 MW) located near Holtsville in Imperial Valley, California. (v) To own and operate a geothermal facility located near Holtsville in Imperial Valley, California. (w) To own and operate power production facilities. (x) To own and operate power production facilities. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1997
Kingspark Lakeview Madera Madison Mission Energy Energy Energy Energy Energy Company Company Company Company New York, Inc. ============================================================================== Name of Entity: Smithtown Georgia Brookhaven Gordonsville Brooklyn Cogeneration, Peaker, Cogeneration, Energy, Navy Yard L.P. L.P. L.P. L.P. Cogeneration Partners, L.P. Ownership Interest: 50% 50% 50% 49% 50% Nature/Purpose of Business: (y) (z) (aa) (ab) (ac) Ownership Interest in (000): Assets $2,488 $1,294 $101,392 $268,461 Revenue $15,532 $51,801 Net Income (Loss) ($991) ($13,496)
(y) To own and operate power production facilities. (z) To own and operate power production facilities. (aa) To own and operate power production facilities. (ab) To own and operate a 240 MW cogeneration facility located in Gordonsville, Virginia. (ac) To own and operate the 286 MW power production facility located near the Brooklyn Bridge in NY. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1997
Mission Northern Pleasant Triple Cycle Sierra Panther Valley Systems Energy Timber Energy Company Company Company Company ============================================================================== Name of Entity: Triple Cycle Sobel American American Partnership, Cogeneration Kiln Bituminous a Texas G.P. Company Partners, L.P. Power Partners, L.P. Ownership Interest: 50% 50% 2% 0.5% Nature/Purpose of Business: (ad) (ae) (af) (ag) Ownership Interest in (000): Assets $805 Revenue $132 Net Income (Loss) ($28)
(ad) To own 25% interest in a partnership that has rights to a proprietary technology. (ae) Currently is inactive. (af) Currently is inactive. (ag) To own and operate the 80 MW cogeneration facility located in Grant Town, West Virginia. PAGE 460 Edison Mission Energy and Subsidiaries Equity Investments December 31, 1997
Prince Prince (2) Quartz George George Hopewell Peak Rapidan Energy Energy Cogeneration. Energy Energy Company Company Inc. Company Company ============================================================================== Name of Entity: Hopewell Hopewell Hopewell Nevada Gordonsville Cogeneration Cogeneration, Cogeneration Sun-Peak Energy, Limited Inc. Limited Limited L.P. Partnership (2) Partnership Partnership Ownership Interest: 24.75% 25% 1% 50% 1% Nature/Purpose of Business: (ah) (ai) (aj) (ak) (al) Ownership Interest in (000): Assets $41,889 $423 $1,692 $31,066 $2,069 Revenue $13,480 $136 $545 $6,451 $317 Net Income (Loss) $3,983 $40 $161 $1,420 ($20)
(ah) To own and operate a 356 MW cogeneration facility located in Chester County, Virginia. (ai) To own and operate a 356 MW cogeneration facility located in Chester County, Virginia. (aj) To own and operate a 356 MW cogeneration facility located in Chester County, Virginia. (ak) To own 50% of the 210 MW independent power production plant located near Las Vegas, Nevada. (al) To own and operate a 240 MW cogeneration facility located in Gordonsville, Virginia. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1997
Reeves Bay Ridgecrest Riverport San Joaquin San Juan Energy Energy Energy Energy Energy Company Company Company Company Company ============================================================================== Name of Entity: North Shore Riverhead Riverhead Midway-Sunset March Point Energy, L.P. Cogeneration Cogeneration Cogeneration Cogeneration I, L.P. II, L.P. Company Company Ownership Interest: 50% 50% 50% 50% 50% Nature/Purpose of Business: (am) (an) (ao) (ap) (aq) Ownership Interest in (000): Assets $865 $244 $316 $59,658 $66,521 Revenue $41,463 $37,457 Net Income (Loss) $12,050 $8,400
(am) To own and operate power production facilities. (an) To own and operate power production facilities. (ao) To own and operate power production facilities. (ap) To own and operate the 225 MW cogeneration facility located near Taft in Kern County, California. (aq) To own and operate the 140 MW cogeneration facility located in Anacortes, Washington. PAGE 462 Edison Mission Energy and Subsidiaries Equity Investments December 31, 1997
San Pedro Santa Ana Santa Clara Silverado Energy Energy Energy Energy Company Company Company Company ============================================================================== Name of Entity: Riverhead Riverhead North Shore Coalinga Cogeneration Cogeneration Energy, L.P. Cogeneration II, L.P. III, L.P. Company Ownership Interest: 50% 50% 50% 50% Nature/Purpose of Business: (ar) (as) (at) (au) Ownership Interest in (000): Assets $316 $216 $865 $18,247 Revenue $9,841 Net Income (Loss) $2,131
(ar) To own and operate power production facilities. (as) To own and operate power production facilities. (at) To own and operate power production facilities. (au) To own and operate the 38 MW cogeneration facility located in Fresno County, California. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1997
Silver Southern Springs Sonoma South Coast Sierra Energy Geothermal Energy Energy Company Company Company Company ============================================================================== Name of Entity: Georgia Geothermal Harbor Kern River Peaker, Energy Cogeneration Cogeneration L.P. Partners, Company Company Ltd. Ownership Interest: 50% 5% 30% 50% Nature/Purpose of Business: (av) (aw) (ax) (ay) Ownership Interest in (000): Assets $3,182 $14,405 $67,459 Revenue $1,250 $16,158 $88,448 Net Income (Loss) $460 4,995 $30,434
(av) To own and operate power production facilities. (aw) To own and operate the 20 MW geothermal facility located in Cloverdale, California. (ax) To own and operate the 80 MW cogeneration facility at the Wilmington Oil Field located in Los Angeles, California. (ay) To own and operate the 300 MW Kern River ("Omar Hill") cogeneration facility at Texaco's Kern River Oil Field located near Bakersfield, California. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1997
Southern Western Sierra Viejo Sierra Edison Gas Energy Energy Mission Company Company Company Energy ============================================================================== Name of Entity: TM Star Sargent Sycamore N/A Fuel Canyon Cogeneration Company Cogeneration Company Company Ownership Interest: 50% 50% 50% N/A Nature/Purpose of Business: (az) (ba) (bb) (bc) Ownership Interest in (000): Assets $964 $21,953 $89,557 $4,749 Revenue $9,381 $8,935 $89,864 Net Income (Loss) $995 $1,618 $30,032
(az) To own an 50% interest in a domestic oil and gas exploration and production company. (ba) To own and operate the 38 MW cogeneration facility located in Monterey County, California. (bb) To own and operate the 300 MW cogeneration facility located at Texaco's Kern River Oil Field near Bakersfield, California. (bc) Represents goodwill resulting from the acquisition of an entity having a partnership interest as its sole asset. The goodwill is being amortized over a twenty-seven year period. N/A Not Applicable Hanover Energy Company Consolidating Balance Sheet December 31, 1997 (In thousands)
Chickahominy Hanover River Energy Consolidating Energy Corp. Company Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ---------------------------------------------------- Construction work in progress Nuclear fuel, at amortized ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $10,958 $5,456 ($5,456) Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 10,958 5,456 (5,456) ---------------------------------------------------- Cash and equivalents 34 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 136 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ---------------------------------------------------- Total current assets 170 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ---------------------------------------------------- Total deferred charges ---------------------------------------------------- TOTAL ASSETS $11,128 $5,456 ($5,456) ====================================================
PAGE 466 Hanover Energy Company Consolidating Balance Sheet December 31, 1997 (In thousands)
Hanover Energy Company Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ---------------------------------------------------- Construction work in progress Nuclear fuel, at amortized ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $10,958 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 10,958 ---------------------------------------------------- Cash and equivalents 34 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 136 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ---------------------------------------------------- Total current assets 170 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ---------------------------------------------------- Total deferred charges ---------------------------------------------------- TOTAL ASSETS $11,128 ====================================================
Hanover Energy Company Consolidating Balance Sheet December 31, 1997 (In thousands)
Chickhominy Hanover River Energy Consolidating Energy Corp. Company Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $5,810 $5,482 ($5,482) Retained earnings (354) (28) 28 ----------------------------------------------------- 5,456 5,454 (5,454) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ----------------------------------------------------- Total capitalization 5,456 5,454 (5,454) ----------------------------------------------------- Other long-term liabilities ----------------------------------------------------- Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 1,331 2 (2) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ----------------------------------------------------- Total current liabilities 1,331 2 (2) ----------------------------------------------------- Accumulated deferred income taxes - net 4,341 Accumulated deferred investment tax credits Customer advances and other deferred credits ----------------------------------------------------- Total deferred credits 4,341 ----------------------------------------------------- Minority interest ----------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $11,128 $5,456 ($5,456) =====================================================
Hanover Energy Company Consolidating Balance Sheet December 31, 1997 (In thousands)
Hanover Energy Company Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $5,810 Retained earnings (354) ----------------------------------------------------- 5,456 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ----------------------------------------------------- Total capitalization 5,456 ----------------------------------------------------- Other long-term liabilities ----------------------------------------------------- Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 1,331 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ----------------------------------------------------- Total current liabilities 1,331 ----------------------------------------------------- Accumulated deferred income taxes - net 4,341 Accumulated deferred investment tax credits Customer advances and other deferred credits ----------------------------------------------------- Total deferred credits 4,341 ----------------------------------------------------- Minority interest ----------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $11,128 =====================================================
Hanover Energy Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Chickhominy Hanover River Energy Consolidating Energy Corp. Company Adjustments ============================================================================================================ Electric utility revenue Diversified operations $1,732 ----------------------------------------------------- Total operating revenue 1,732 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,210 Maintenance Depreciation and decommissioning 126 Income taxes (351) $1 ($1) Property and other taxes ----------------------------------------------------- Total operating expenses 1,985 1 (1) ----------------------------------------------------- Operating income (253) (1) 1 ----------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net 9 ----------------------------------------------------- Total other income (deductions) - net 9 ----------------------------------------------------- Income before interest and other expenses (244) (1) 1 ----------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ----------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------- NET INCOME (244) (1) 1 Retained Earnings - beginning of year (18) 683 (683) Dividends declared on common stock (92) (710) 710 ----------------------------------------------------- Retained Earnings - end of year ($354) ($28) $28 =====================================================
Hanover Energy Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Hanover Energy Company Consolidated ============================================================================================================ Electric utility revenue Diversified operations $1,732 ----------------------------------------------------- Total operating revenue 1,732 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,210 Maintenance Depreciation and decommissioning 126 Income taxes (351) Property and other taxes ----------------------------------------------------- Total operating expenses 1,985 ----------------------------------------------------- Operating income (253) ----------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net 9 ----------------------------------------------------- Total other income (deductions) - net 9 ----------------------------------------------------- Income before interest and other expenses (244) ----------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ----------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------- NET INCOME (244) Retained Earnings - beginning of year (18) Dividends declared on common stock (92) ----------------------------------------------------- Retained Earnings - end of year ($354) =====================================================
Mission Energy Fuel Company Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Edison Mission Mission Mission Energy Energy Energy Oil & Gas Petroleum Fuel ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $66,919 $69,228 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 66,919 69,228 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $66,919 $69,228 ======================================================
Mission Energy Fuel Company Consolidating Balance Sheet December 31, 1997 (In thousands)
Southern Pocono Sierra Fuels Gas Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $182 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 182 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $182 ======================================================
Mission Energy Fuel Company Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission Consolidating Energy Fuel Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries ($69,228) $67,101 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (69,228) 67,101 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ($69,228) $67,101 ======================================================
Mission Energy Fuel Company Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Edison Mission Mission Mission Energy Energy Energy Oil & Gas Petroleum Fuel ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $67,730 $39,013 Retained earnings (1,153) ($5) 31,664 ------------------------------------------------------ 66,577 (5) 70,677 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 66,577 (5) 70,677 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 3,245 (3,740) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 1,211 ------------------------------------------------------ Total current liabilities 4,456 (3,740) ------------------------------------------------------ Accumulated deferred income taxes - net (4,114) 5 2,291 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (4,114) 5 2,291 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $66,919 $69,228 ======================================================
Mission Energy Fuel Company Consolidating Balance Sheet December 31, 1997 (In thousands)
Southern Pocono Sierra Fuels Gas Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $1,637 Retained earnings 542 $477 ------------------------------------------------------ 2,179 477 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 2,179 477 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (2,742) 262 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (2,742) 262 ------------------------------------------------------ Accumulated deferred income taxes - net 563 (557) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits $563 (557) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $182 ======================================================
Mission Energy Fuel Company Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission Consolidating Energy Fuel Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital ($39,013) $69,367 Retained earnings (31,664) (139) ------------------------------------------------------ (70,677) 69,228 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (70,677) 69,228 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 3,740 765 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 1,211 ------------------------------------------------------ Total current liabilities 3,740 1,976 ------------------------------------------------------ Accumulated deferred income taxes - net (2,291) (4,103) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (2,291) (4,103) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($69,228) $67,101 ======================================================
Mission Energy Fuel Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Edison Edison Mission Mission Mission Energy Energy Energy Oil & Gas Petroleum Fuel ============================================================================================================ Electric utility revenue Diversified operations $34,129 ------------------------------------------------------ Total operating revenue 34,129 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,410 Maintenance Depreciation and decommissioning 7,121 Income taxes 5,181 $1 Property and other taxes ------------------------------------------------------ Total operating expenses 14,712 1 ------------------------------------------------------ Operating income 19,417 (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses 19,417 (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 19,417 (1) Retained Earnings - beginning of year 2,158 (4) $32,155 Dividends declared on common stock (22,728) (491) ----------------------------------------------------- Retained Earnings - end of year ($1,153) ($5) $31,664 ======================================================
Mission Energy Fuel Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Southern Pocono Sierra Fuels Gas Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $981 ------------------------------------------------------ Total operating revenue 981 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,210 Maintenance Depreciation and decommissioning Income taxes $1 (541) Property and other taxes ------------------------------------------------------ Total operating expenses 1 1,669 ------------------------------------------------------ Operating income (1) (688) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) (688) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1) (688) Retained Earnings - beginning of year 542 1,166 Dividends declared on common stock 1 (1) ----------------------------------------------------- Retained Earnings - end of year $542 $477 ======================================================
Mission Energy Fuel Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Mission Consolidating Energy Fuel Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations $35,110 ------------------------------------------------------ Total operating revenue 35,110 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 4,620 Maintenance Depreciation and decommissioning 7,121 Income taxes 4,642 Property and other taxes ------------------------------------------------------ Total operating expenses 16,383 ------------------------------------------------------ Operating income 18,727 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses 18,727 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 18,727 Retained Earnings - beginning of year ($32,155) 3,862 Dividends declared on common stock 491 (22,728) ----------------------------------------------------- Retained Earnings - end of year ($31,664) ($139) ======================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission Loy Edison Energy Yang Mission Asia Holdings Energy Pte Ltd Pty. Ltd. International Consolidated Consolidated B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $945 $563 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 65,096 2,408 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 66,041 2,971 ----------------------------------------------------- Cash and equivalents 2,491 3,961 $50 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1,039 23 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 296 60 ----------------------------------------------------- Total current assets 3,826 4,044 50 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 638 405 ----------------------------------------------------- Total deferred charges 638 405 ----------------------------------------------------- TOTAL ASSETS $70,505 $7,420 $50 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Iberian Hydro Hy-Power EME Energy Amsterdam Victoria B.V. B.V. B.V. Consolidated Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $119,269 $132,231 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 9 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 119,278 132,231 ----------------------------------------------------- Cash and equivalents $5 6,372 6,685 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,354 5,354 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1,469 1,469 ----------------------------------------------------- Total current assets 5 13,195 13,508 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,812 8,573 ----------------------------------------------------- Total deferred charges 6,812 8,573 ----------------------------------------------------- TOTAL ASSETS $5 $139,285 $154,312 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Latrobe MEC Power Esenyurt MEC Pty. Ltd. B.V. IES Consolidated Consolidated B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $734,592 $85,169 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $6 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 734,592 85,169 6 ----------------------------------------------------- Cash and equivalents 4,446 270 11 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 4,206 317 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 160 137 ----------------------------------------------------- Total current assets 8,812 724 11 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,230 7,036 ----------------------------------------------------- Total deferred charges 6,230 7,036 ----------------------------------------------------- TOTAL ASSETS $749,634 $92,929 $17 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC Indo MEC India Coal Indonesia B.V. B.V. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $22,306 $125,694 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 22,306 125,694 ----------------------------------------------------- Cash and equivalents $44 503 30 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1 ----------------------------------------------------- Total current assets 45 503 30 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 99 1,001 ----------------------------------------------------- Total deferred charges 99 1,001 ----------------------------------------------------- TOTAL ASSETS $45 $22,908 $126,725 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC International MEC Holdings Laguna MEC B.V. Power Perth Consolidated B.V. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $83,611 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $5,354 $1,566 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 5,354 1,566 83,611 ----------------------------------------------------- Cash and equivalents 35 3,570 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2,389 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 16 ----------------------------------------------------- Total current assets 35 5,975 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 15 7,373 ----------------------------------------------------- Total deferred charges 15 7,373 ----------------------------------------------------- TOTAL ASSETS $5,389 $1,581 $96,959 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC MEC Priolo San Pascual Sidi Krir B.V. B.V. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $15,650 $115 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 15,650 115 ----------------------------------------------------- Cash and equivalents 1,086 $19 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ----------------------------------------------------- Total current assets 1,086 19 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 112 ----------------------------------------------------- Total deferred charges 112 ----------------------------------------------------- TOTAL ASSETS $16,848 $115 $19 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission MEC Energy MEC Wales Company Sumatra B.V. (UK) Limited B.V. Consolidated Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $1,712,085 $175,948 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (87,415) 26,231 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 1,624,670 202,179 ----------------------------------------------------- Cash and equivalents $17 97,009 59,641 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 14,884 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,998 384 ----------------------------------------------------- Total current assets 17 150,756 74,909 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 322,861 5,974 ----------------------------------------------------- Total deferred charges 322,861 5,974 ----------------------------------------------------- TOTAL ASSETS $17 $2,098,287 $283,062 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Pride Traralgon Energy Hold Power Italia Limited Pty. Ltd. s.r.l. Consolidated Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $210 $174,677 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $93,030 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 210 174,677 93,030 ----------------------------------------------------- Cash and equivalents 94 48,632 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 879 14,185 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 44 (519) ----------------------------------------------------- Total current assets 1,017 62,298 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 53 (15,415) ----------------------------------------------------- Total deferred charges 53 (15,415) ----------------------------------------------------- TOTAL ASSETS $1,280 $221,560 $93,030 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC International International Consolidating B.V. B.V. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $2,402 ($286,266) $2,935,436 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 929,969 (1,029,192) 170,827 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 932,371 (1,315,458) 3,106,263 ----------------------------------------------------- Cash and equivalents 279,077 (60,059) 453,989 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 60 (19,539) 76,900 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (951) 8,564 ----------------------------------------------------- Total current assets 279,137 (80,549) 539,453 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 704 8,605 361,076 ----------------------------------------------------- Total deferred charges 704 8,605 361,076 ----------------------------------------------------- TOTAL ASSETS $1,212,212 ($1,387,402) $4,006,792 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission Edison Energy Loy Yang Mission Asia Holdings Energy Pte Ltd Pty. Ltd. International Consolidated Consolidated B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $41,000 $55 Additional Paid in Capital 22,945 Cumulative Translation Adjustments, Net (136) ($1,459) Retained earnings 4,138 11,476 (10) ---------------------------------------------------- 67,947 10,017 45 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 3,584 ---------------------------------------------------- Total capitalization 67,947 13,601 45 ---------------------------------------------------- Other long-term liabilities 68 ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable 1,241 (8,290) 7 Accrued taxes 1,039 2,528 (2) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 2,280 (5,762) 5 ---------------------------------------------------- Accumulated deferred income taxes - net 195 (419) Accumulated deferred investment tax credits Customer advances and other deferred credits ---------------------------------------------------- Total deferred credits 195 (419) ---------------------------------------------------- Minority interest 15 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $70,505 $7,420 $50 ====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Iberian Hydro Hy-Power EME Energy Amsterdam Victoria B.V. B.V. B.V. Consolidated Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $21 $25 ($500) Additional Paid in Capital 8,938 Cumulative Translation Adjustments, Net (2,744) (2,744) Retained earnings (3) (5,828) (6,837) ---------------------------------------------------- 18 (8,547) (1,143) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 132,837 140,035 ---------------------------------------------------- Total capitalization 18 124,290 138,892 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt and redeemable preferred stock 8,172 8,183 Short-term debt Accounts payable (12) 3,459 3,737 Accrued taxes (1) 546 682 Accrued interest 242 242 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities (13) 12,419 12,844 ---------------------------------------------------- Accumulated deferred income taxes - net 2,339 2,339 Accumulated deferred investment tax credits Customer advances and other deferred credits ---------------------------------------------------- Total deferred credits 2,339 2,339 ---------------------------------------------------- Minority interest 237 237 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $5 $139,285 $154,312 ====================================================
PAGE 491 MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Latrobe MEC Power Esenyurt MEC Pty. Ltd. B.V. IES Consolidated Consolidated B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($43,125) $30 $25 Additional Paid in Capital 78,353 15,976 Cumulative Translation Adjustments, Net (36,073) (251) Retained earnings 18,412 86 (47) ---------------------------------------------------- 17,567 15,841 (22) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 515,644 59,327 ---------------------------------------------------- Total capitalization 533,211 75,168 (22) ---------------------------------------------------- Other long-term liabilities (1,132) ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable (268,866) 8,831 62 Accrued taxes 26,222 (8) (23) Accrued interest 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities (242,291) 8,823 39 ---------------------------------------------------- Accumulated deferred income taxes - net 357,392 Accumulated deferred investment tax credits Customer advances and other deferred credits 4,992 ---------------------------------------------------- Total deferred credits 357,392 4,992 ---------------------------------------------------- Minority interest 102,454 3,946 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $749,634 $92,929 $17 ====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC MEC India Indo Coal Indonesia B.V. B.V. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $23 $22 $21 Additional Paid in Capital 1 17,426 126,849 Cumulative Translation Adjustments, Net 33 Retained earnings (13) 3,349 (104) ---------------------------------------------------- 44 20,797 126,766 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ---------------------------------------------------- Total capitalization 44 20,797 126,766 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable (6) 11 Accrued taxes 6 (186) (41) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities (175) (41) ---------------------------------------------------- Accumulated deferred income taxes - net 1 2,286 Accumulated deferred investment tax credits Customer advances and other deferred credits ---------------------------------------------------- Total deferred credits 1 2,286 ---------------------------------------------------- Minority interest ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $45 $22,908 $126,725 ====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC International MEC Holdings Laguna MEC B.V. Power Perth Consolidated B.V. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $21 $22 $23 Additional Paid in Capital 4,818 1,549 24,254 Cumulative Translation Adjustments, Net (4,097) Retained earnings 540 (9) 3,451 ---------------------------------------------------- 5,379 1,562 23,631 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 64,551 ---------------------------------------------------- Total capitalization 5,379 1,562 88,182 ---------------------------------------------------- Other long-term liabilities 467 ---------------------------------------------------- Current portion of long-term debt And redeemable preferred stock 2,628 Short-term debt Accounts payable 18 24 (2,549) Accrued taxes (8) (5) Accrued interest 3,222 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 10 19 3,301 ---------------------------------------------------- Accumulated deferred income taxes - net 1,663 Accumulated deferred investment tax credits Customer advances and other deferred credits 3,300 ---------------------------------------------------- Total deferred credits 4,963 ---------------------------------------------------- Minority interest 46 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $5,389 $1,581 $96,959 ====================================================
PAGE 494 MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC San MEC Priolo Pascual Sidi Krir B.V. B.V. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $22 $23 $25 Additional Paid in Capital 17,929 115 Cumulative Translation Adjustments, Net 187 Retained earnings (416) (12) (12) ---------------------------------------------------- 17,722 126 13 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ---------------------------------------------------- Total capitalization 17,722 126 13 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable (1,072) (6) 10 Accrued taxes 198 (5) (4) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities (874) (11) 6 ---------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ---------------------------------------------------- Total deferred credits ---------------------------------------------------- Minority interest ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $16,848 $115 $19 ====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission MEC Energy MEC Wales Company Sumatra B.V. (UK) Limited B.V. Consolidated Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $25 $26 $22,751 Additional Paid in Capital 276,698 11,620 Cumulative Translation Adjustments, Net 68,400 4,967 Retained earnings (13) 67,543 21,682 ---------------------------------------------------- 12 412,667 61,020 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 161,573 ---------------------------------------------------- Total capitalization 12 1,517,687 222,593 ---------------------------------------------------- Other long-term liabilities 33,730 ---------------------------------------------------- Current portion of long-term debt and redeemable preferred stock 6,293 21,605 Short-term debt Accounts payable 9 (34,951) 9,138 Accrued taxes (4) 29,027 158 Accrued interest 24,943 4,452 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 5 25,312 35,353 ---------------------------------------------------- Accumulated deferred income taxes - net 304,475 19,082 Accumulated deferred investment tax credits 150,994 Customer advances and other deferred credits ---------------------------------------------------- Total deferred credits 455,469 19,082 ---------------------------------------------------- Minority interest 66,089 6,034 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $17 $2,098,287 $283,062 ====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Pride Traralgon Energy Hold Power Italia Limited Pty. Ltd. s.r.l. Consolidated Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $13 Additional Paid in Capital Cumulative Translation Adjustments, Net 11 $1,033 ($20,793) Retained earnings 93 23,471 9,695 ---------------------------------------------------- 117 24,504 (11,098) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 130,723 133,068 ---------------------------------------------------- Total capitalization 117 155,227 121,970 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt and redeemable preferred stock 25,128 Short-term debt Accounts payable 1,157 11,593 (10,124) Accrued taxes 6 44 Accrued interest 4,452 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 1,163 41,217 (10,124) ---------------------------------------------------- Accumulated deferred income taxes - net 19,082 (18,816) Accumulated deferred investment tax credits Customer advances and other deferred credits ---------------------------------------------------- Total deferred credits 19,082 (18,816) ---------------------------------------------------- Minority interest 6,034 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $1,280 $221,560 $93,030 ====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC International International Consolidating B.V. B.V. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $133,131 ($20,548) $133,131 Additional Paid In Capital 645,265 (607,471) 645,265 Cumulative Translation Adjustments, Net 63,206 (46,295) 23,245 Retained earnings (1,180) 37,243 186,695 ---------------------------------------------------- 840,422 (637,071) 988,336 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 327,844 (926,782) 1,847,424 ---------------------------------------------------- Total capitalization 1,168,266 (1,563,853) 2,835,760 ---------------------------------------------------- Other long-term liabilities (33,133) ---------------------------------------------------- Current portion of long-term debt and redeemable preferred stock 2,705 (33,269) 41,445 Short-term debt Accounts payable 42,970 280,855 37,246 Accrued taxes (1,461) 21,299 80,007 Accrued interest (5,047) 32,859 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 44,214 263,838 191,557 ---------------------------------------------------- Accumulated deferred income taxes - net (268) 133,939 823,290 Accumulated deferred investment tax credits (150,994) Customer advances and other deferred credits 47,078 55,370 ---------------------------------------------------- Total deferred credits (268) 30,023 878,660 ---------------------------------------------------- Minority interest (84,277) 100,815 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $1,212,212 ($1,387,402) $4,006,792 ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Mission Loy Edison Energy Yang Mission Asia Holdings Energy Pte Ltd Pty. Ltd. International Consolidated Consolidated B.V. ============================================================================================================ Electric utility revenue Diversified operations $17,042 $15,824 $69 ---------------------------------------------------- Total operating revenue 17,042 15,824 69 ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 14,971 14,799 65 Maintenance Depreciation and decommissioning 377 145 4 Income taxes 1,030 326 Property and other taxes ---------------------------------------------------- Total operating expenses 16,378 15,270 69 ---------------------------------------------------- Operating income 664 554 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,821 298 Minority Interest Taxes on nonoperating income (450) (99) Other - net (55) 4,946 (2) ---------------------------------------------------- Total other income (deductions) - net 1,316 5,145 (2) ---------------------------------------------------- Income before interest and other expenses 1,980 5,699 (2) ---------------------------------------------------- Interest on long-term debt Other interest expense 21 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 21 ---------------------------------------------------- NET INCOME 1,959 5,699 (2) Retained Earnings - beginning of year 2,179 5,777 (8) Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year $4,138 $11,476 ($10) ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Iberian Hydro Hy-Power EME Energy Amsterdam Victoria B.V. B.V. B.V. Consolidated Consolidated ============================================================================================================ Electric utility revenue $24,801 $24,801 Diversified operations ---------------------------------------------------- Total operating revenue 24,801 24,801 ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $3 3,408 3,436 Maintenance Depreciation and decommissioning 3,097 3,326 Income taxes (1) 1,962 1,236 Property and other taxes 108 108 ---------------------------------------------------- Total operating expenses 2 8,575 8,106 ---------------------------------------------------- Operating income (2) 16,226 16,695 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,349 2,726 Minority Interest (236) (236) Taxes on nonoperating income (472) (954) Other - net (1) (5,687) (4,964) ---------------------------------------------------- Total other income (deductions) - net (1) (5,046) (3,428) ---------------------------------------------------- Income before interest and other expenses (3) 11,180 13,267 ---------------------------------------------------- Interest on long-term debt 11,562 13,418 Other interest expense 786 786 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 12,348 14,204 ---------------------------------------------------- NET INCOME (3) (1,168) (937) Retained Earnings - beginning of year 4,783 3,541 Dividends declared on common stock (9,443) (9,441) ---------------------------------------------------- Retained Earnings - end of year ($3) ($5,828) ($6,837) ====================================================
PAGE 500 MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Latrobe MEC Power Esenyurt MEC Pty. Ltd. B.V. IES Consolidated Consolidated B.V. ============================================================================================================ Electric utility revenue $175,511 Diversified operations ($55) ---------------------------------------------------- Total operating revenue 175,511 (55) ---------------------------------------------------- Fuel 29,670 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 21,173 $1 (1) Maintenance Depreciation and decommissioning 52,880 7 2 Income taxes 6,914 (40) (19) Property and other taxes ---------------------------------------------------- Total operating expenses 110,637 (32) (18) ---------------------------------------------------- Operating income 64,874 32 (37) ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 15,911 Minority Interest (36,696) Taxes on nonoperating income 8,074 Other - net 65 (1) ---------------------------------------------------- Total other income (deductions) - net (12,711) 65 (1) ---------------------------------------------------- Income before interest and other expenses 52,163 97 (38) ---------------------------------------------------- Interest on long-term debt 74,129 Other interest expense (22,543) Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 51,586 ---------------------------------------------------- NET INCOME 577 97 (38) Retained Earnings - beginning of year 17,835 (11) (9) Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year $18,412 $86 ($47) ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
MEC MEC MEC India Indo Coal Indonesia B.V. B.V. B.V. ============================================================================================================ Electric utility revenue Diversified operations $288 $3,056 ---------------------------------------------------- Total operating revenue 288 3,056 ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 223 2 $6 Maintenance Depreciation and decommissioning 7 650 96 Income taxes 21 672 (27) Property and other taxes ---------------------------------------------------- Total operating expenses 251 1,324 75 ---------------------------------------------------- Operating income 37 1,732 (75) ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 61 2 Minority Interest Taxes on nonoperating income (21) (1) Other - net (41) 182 19 ---------------------------------------------------- Total other income (deductions) - net (41) 222 20 ---------------------------------------------------- Income before interest and other expenses (4) 1,954 (55) ---------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net ---------------------------------------------------- NET INCOME (4) 1,954 (55) Retained Earnings - beginning of year (9) 1,395 (49) Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year ($13) $3,349 ($104) ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
MEC International MEC Holdings Laguna MEC B.V. Power Perth Consolidated B.V. B.V. ============================================================================================================ Electric utility revenue $46,078 Diversified operations $439 ---------------------------------------------------- Total operating revenue 439 46,078 ---------------------------------------------------- Fuel 24,375 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2 $1 4,043 Maintenance Depreciation and decommissioning 1 1 4,216 Income taxes (1) (1) 1,922 Property and other taxes ---------------------------------------------------- Total operating expenses 2 1 34,556 ---------------------------------------------------- Operating income 437 (1) 11,522 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 264 Minority Interest Taxes on nonoperating income (95) Other - net 3 ---------------------------------------------------- Total other income (deductions) - net 3 169 ---------------------------------------------------- Income before interest and other expenses 440 (1) 11,691 ---------------------------------------------------- Interest on long-term debt 8,094 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 8,094 ---------------------------------------------------- NET INCOME 440 (1) 3,597 Retained Earnings - beginning of year 100 (8) (146) Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year $540 ($9) $3,451 ====================================================
PAGE 503 MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
MEC MEC MEC Priolo San Pascual Sidi Krir B.V. B.V. B.V. ============================================================================================================ Electric utility revenue Diversified operations $147 ---------------------------------------------------- Total operating revenue 147 ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (16) $1 $1 Maintenance Depreciation and decommissioning 19 1 2 Income taxes 226 Property and other taxes ---------------------------------------------------- Total operating expenses 229 2 3 ---------------------------------------------------- Operating income (82) (2) (3) ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 11 Minority Interest Taxes on nonoperating income (4) Other - net (320) (1) (1) ---------------------------------------------------- Total other income (deductions) - net (313) (1) (1) ---------------------------------------------------- Income before interest and other expenses (395) (3) (4) ---------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net ---------------------------------------------------- NET INCOME (395) (3) (4) Retained Earnings - beginning of year (21) (9) (8) Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year ($416) ($12) ($12) ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission MEC Energy MEC Wales Company Sumatra B.V. (UK) Limited B.V. Consolidated Consolidated ============================================================================================================ Electric utility revenue $400,026 $99,541 Diversified operations 14,378 ---------------------------------------------------- Total operating revenue 400,026 113,919 ---------------------------------------------------- Fuel 91,696 46,476 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $3 73,101 28,109 Maintenance Depreciation and decommissioning 2 36,453 10,263 Income taxes (1) 19,779 3,873 Property and other taxes 16,474 2,281 ---------------------------------------------------- Total operating expenses 4 237,503 91,002 ---------------------------------------------------- Operating income (4) 162,523 22,917 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 5,245 2,847 Minority Interest (20,143) (2,003) Taxes on nonoperating income (1,670) (883) Other - net (1) (158) 29 ---------------------------------------------------- Total other income (deductions) - net (1) (16,726) (10) ---------------------------------------------------- Income before interest and other expenses (5) 145,797 22,907 - ---------------------------------------------------- Interest on long-term debt 59,091 15,720 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 81,637 15,720 ---------------------------------------------------- NET INCOME (5) 64,160 7,187 Retained Earnings - beginning of year (8) 99,167 12,331 Dividends declared on common stock (95,784) 2,164 ---------------------------------------------------- Retained Earnings - end of year ($13) $67,543 $21,682 ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Pride Traralgon Energy Hold Power Italia Limited Pty.Ltd. s.r.l. Consolidated Consolidated ============================================================================================================ Electric utility revenue $99,541 ($1,281) Diversified operations $3,136 ---------------------------------------------------- Total operating revenue 3,136 99,541 (1,281) ---------------------------------------------------- Fuel 46,476 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,941 15,348 Maintenance Depreciation and decommissioning 22 8,265 Income taxes 112 4,705 (26) Property and other taxes 1 1,987 ---------------------------------------------------- Total operating expenses 3,076 76,781 (26) ---------------------------------------------------- Operating income 60 22,760 (1,255) ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2 2,339 2,636 Minority Interest (1,926) Taxes on nonoperating income (1) (730) (949) Other - net (16) ---------------------------------------------------- Total other income (deductions) - net (15) (317) 1,687 ---------------------------------------------------- Income before interest and other expenses 45 22,443 432 ---------------------------------------------------- Interest on long-term debt 14,370 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 14,370 ---------------------------------------------------- NET INCOME 45 8,073 432 Retained Earnings - beginning of year 48 15,398 9,262 Dividends declared on common stock 1 ---------------------------------------------------- Retained Earnings - end of year $93 $23,471 $9,695 ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
MEC MEC International International Consolidating B.V. B.V. Adjustments Consolidated ============================================================================================================ Electric utility revenue ($124,343) $744,675 Diversified operations ($69) (18,557) 35,698 ---------------------------------------------------- Total operating revenue (69) (142,900) 780,373 ---------------------------------------------------- Fuel (46,368) 192,325 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 33 (37,441) 144,212 Maintenance Depreciation and decommissioning 1,195 (11,349) 109,682 Income taxes (7,212) (12,507) 22,943 Property and other taxes (2,100) 18,859 ---------------------------------------------------- Total operating expenses (5,984) (109,765) 488,021 ---------------------------------------------------- Operating income 5,915 (33,135) 292,352 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 13,533 (25,936) 23,109 Minority Interest 77 2,162 (59,001) Taxes on nonoperating income (4,737) (5,096) (8,088) Other - net (1,047) 772 (6,279) ---------------------------------------------------- Total other income (deductions) - net 7,826 (28,098) (50,259) ---------------------------------------------------- Income before interest and other expenses 13,741 (61,233) 242,093 ---------------------------------------------------- Interest on long-term debt 457 (29,800) 167,041 Other interest expense 17,532 (19,128) Allowance for borrowed funds used during construction Capitalized interest (5) (5) Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 17,989 (48,933) 167,036 ---------------------------------------------------- NET INCOME (4,248) (12,300) 75,057 Retained Earnings - beginning of year 3,068 (62,959) 111,638 Dividends declared on common stock 112,502 ---------------------------------------------------- Retained Earnings - end of year ($1,180) $37,243 $186,695 ====================================================
MEC International B.V. Edison Mission Energy Asia Pte Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Mission Edison Mission Energy Mission Operation & Asia Energy Fuel Maintenance Pacific Company Services Pte. Ltd. Pte Ltd. Pte Ltd ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments ---------------------------------------------------- Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ---------------------------------------------------- Total current assets ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ---------------------------------------------------- Total deferred charges ---------------------------------------------------- TOTAL ASSETS ====================================================
MEC International B.V. Edison Mission Energy Asia Pte Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
P.T. Edison Edison Mission Mission Operation and Energy Maintenance Asia Consolidating Indonesia Pte Ltd. Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $27 $919 ($1) Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 66,581 (1,485) Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 27 67,500 (1,486) ---------------------------------------------------- Cash and equivalents 970 1,521 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1,014 25 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 39 256 1 ---------------------------------------------------- Total current assets 2,023 1,802 1 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 638 ---------------------------------------------------- Total deferred charges 638 ---------------------------------------------------- TOTAL ASSETS $2,050 $69,940 ($1,485) ====================================================
MEC International B.V. Edison Mission Energy Asia Pte Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission Energy Asia Pte Ltd. Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $945 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 65,096 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 66,041 ----------------------------------------------------- Cash and equivalents 2,491 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1,039 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 296 ----------------------------------------------------- Total current assets 3,826 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 638 ----------------------------------------------------- Total deferred charges 638 ----------------------------------------------------- TOTAL ASSETS $70,505 =====================================================
MEC International B.V. Edison Mission Energy Asia Pte Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands) Edison
Edison Edison Mission Mission Mission Operation & Energy Energy Fuel Maintenance Asia Pacific Company Services Pte Ltd. Pte Ltd. Pte Ltd ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Cumulative Translation Adjustments, Net Retained earnings ---------------------------------------------------- Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ---------------------------------------------------- Total capitalization ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities ---------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ---------------------------------------------------- Total deferred credits ---------------------------------------------------- Minority interest ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES ====================================================
PAGE 511 MEC International B.V. Edison Mission Energy Asia Pte Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
P.T. Edison Edison Mission Mission Operation and Energy Maintenance Asia Consolidating Indonesia Pte Ltd. Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $41,000 Additional Paid in Capital $1,500 22,945 ($1,500) Cumulative Translation Adjustments, Net (136) Retained earnings 965 3,174 (1) ---------------------------------------------------- 2,465 66,983 (1,501) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ---------------------------------------------------- Total capitalization 2,465 66,983 (1,501) ---------------------------------------------------- Other long-term liabilities 68 ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable (505) 1,746 Accrued taxes 90 948 1 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities (415) 2,694 1 ---------------------------------------------------- Accumulated deferred income taxes - net 195 Accumulated deferred investment tax credits Customer advances and other deferred credits ---------------------------------------------------- Total deferred credits 195 ---------------------------------------------------- Minority interest 15 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $2,050 $69,940 ($1,485) ====================================================
MEC International B.V. Edison Mission Energy Asia Pte Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission Energy Asia Pte Ltd. Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $41,000 Additional Paid In Capital 22,945 Cumulative Translation Adjustments, Net (136) Retained earnings 4,138 ---------------------------------------------------- 67,947 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ---------------------------------------------------- Total capitalization 67,947 ---------------------------------------------------- Other long-term liabilities 68 ---------------------------------------------------- Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 1,241 Accrued taxes 1,039 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 2,280 ---------------------------------------------------- Accumulated deferred income taxes - net 195 Accumulated deferred investment tax credits Customer advances and other deferred credits ---------------------------------------------------- Total deferred credits 195 ---------------------------------------------------- Minority interest 15 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $70,505 ====================================================
MEC International B.V. Edison Mission Energy Asia Pte Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Edison Edison Mission Mission Mission Operation & Energy Energy Fuel Maintenance Asia Pacific Company Services Pte Ltd. Pte Ltd. Pte Ltd ============================================================================================================ Electric utility revenue Diversified operations ---------------------------------------------------- Total operating revenue ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ---------------------------------------------------- Total operating expenses ---------------------------------------------------- Operating income ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority Interest Taxes on nonoperating income Other - net ---------------------------------------------------- Total other income (deductions) - net ---------------------------------------------------- Income before interest and other expenses ---------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net ---------------------------------------------------- NET INCOME Retained Earnings - beginning of year Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year ====================================================
MEC International B.V. Edison Mission Energy Asia Pte Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
PT. Edison Edison Mission Mission Operation and Energy Maintenance Asia Consolidating Indonesia Pte Ltd. Adjustments ============================================================================================================ Electric utility revenue Diversified operations $5,238 $11,804 ---------------------------------------------------- Total operating revenue 5,238 11,804 ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 4,677 10,293 $1 Maintenance Depreciation and decommissioning 377 Income taxes 222 808 Property and other taxes ---------------------------------------------------- Total operating expenses 4,899 11,478 1 ---------------------------------------------------- Operating income 339 326 (1) ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 109 1,712 Minority Interest Taxes on nonoperating income (31) (419) Other - net 3 (58) ---------------------------------------------------- Total other income (deductions) - net 81 1,235 ---------------------------------------------------- Income before interest and other expenses 420 1,561 (1) ---------------------------------------------------- Interest on long-term debt Other interest expense 21 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 21 ---------------------------------------------------- NET INCOME 420 1,540 (1) Retained Earnings - beginning of year 545 1,634 Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year $965 $3,174 ($1) ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Mission Energy Asia Pte Ltd. Consolidated ============================================================================================================ Electric utility revenue Diversified operations $17,042 ---------------------------------------------------- Total operating revenue 17,042 ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 14,971 Maintenance Depreciation and decommissioning 377 Income taxes 1,030 Property and other taxes ---------------------------------------------------- Total operating expenses 16,378 ---------------------------------------------------- Operating income 664 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,821 Minority Interest Taxes on nonoperating income (450) Other - net (55) ---------------------------------------------------- Total other income (deductions) - net 1,316 ---------------------------------------------------- Income before interest and other expenses 1,980 ---------------------------------------------------- Interest on long-term debt Other interest expense 21 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 21 ---------------------------------------------------- NET INCOME 1,959 Retained Earnings - beginning of year 2,179 Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year $4,138 ====================================================
MEC International B.V. MEC Esenyurt B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Doga Doga Enerji Isi Doga Uretim Satis Isletme Sanayi ve Hizmetteri ve Bakim Ticaret A.S. Ticaret L.S. Ticaret L.S. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $85,169 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 85,169 ---------------------------------------------------- Cash and equivalents 131 $58 $58 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 317 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 137 ---------------------------------------------------- Total current assets 585 58 58 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 210 ---------------------------------------------------- Total deferred charges 210 ---------------------------------------------------- TOTAL ASSETS $85,964 $58 $58 ====================================================
MEC International B.V. MEC Esenyurt B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC Esenyurt Esenyurt Consolidating B.V. B.V. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $85,169 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $16,003 ($16,003) Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 16,003 (16,003) 85,169 ---------------------------------------------------- Cash and equivalents 23 270 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 317 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 137 ---------------------------------------------------- Total current assets 23 724 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,826 7,036 ---------------------------------------------------- Total deferred charges 6,826 7,036 ---------------------------------------------------- TOTAL ASSETS $22,852 ($16,003) $92,929 ====================================================
MEC International B.V. MEC Esenyurt B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Doga Enerji Doga Isi Doga Uretim Satis Isletme Sanayi ve Hizmetteri ve Bakim Ticaret A.S. Ticaret L.S. Ticaret L.S. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $99 $63 $63 Additional Paid in Capital 19,786 Cumulative Translation Adjustments, Net (305) (5) (5) Retained earnings 1 ---------------------------------------------------- 19,581 58 58 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 59,327 ---------------------------------------------------- Total capitalization 78,908 58 58 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable 2,064 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 2,064 ---------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits 4,992 ---------------------------------------------------- Total deferred credits 4,992 ---------------------------------------------------- Minority interest ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $85,964 $58 $58 ====================================================
PAGE 519 MEC International B.V. MEC Esenyurt B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC Esenyurt Esenyurt Consolidating B.V. B.V. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $30 ($225) $30 Additional Paid in Capital 15,976 (19,786) 15,976 Cumulative Translation Adjustments, Net 64 (251) Retained earnings 86 (1) 86 ---------------------------------------------------- 16,092 (19,948) 15,841 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 59,327 ---------------------------------------------------- Total capitalization 16,092 (19,948) 75,168 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable 6,768 (1) 8,831 Accrued taxes (8) (8) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 6,760 (1) 8,823 ---------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits 4,992 ---------------------------------------------------- Total deferred credits 4,992 ---------------------------------------------------- Minority interest 3,946 3,946 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $22,852 ($16,003) $92,929 ====================================================
PAGE 520 MEC International B.V. MEC Esenyurt B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Doga Enerji Doga Doga Uretim Isi Satis Isletme Sanayi ve Hizmetteri ve Bakim Ticaret A.S. Tircaret L.S. Ticaret L.S. ============================================================================================================ Electric utility revenue Diversified operations ---------------------------------------------------- Total operating revenue ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ---------------------------------------------------- Total operating expenses ---------------------------------------------------- Operating income ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority Interest Taxes on nonoperating income Other - net ---------------------------------------------------- Total other income (deductions) - net ---------------------------------------------------- Income before interest and other expenses ---------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net ---------------------------------------------------- NET INCOME Retained Earnings - beginning of year $1 Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year $1 ====================================================
MEC International B.V. MEC Esenyurt B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
MEC MEC Esenyurt Esenyurt Consolidating B.V. B.V. Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations ---------------------------------------------------- Total operating revenue ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $1 $1 Maintenance Depreciation and decommissioning 7 7 Income taxes (40) (40) Property and other taxes ---------------------------------------------------- Total operating expenses (32) (32) ---------------------------------------------------- Operating income 32 32 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority Interest Taxes on nonoperating income Other - net 65 65 ---------------------------------------------------- Total other income (deductions) - net 65 65 ---------------------------------------------------- Income before interest and other expenses 97 97 ---------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net ---------------------------------------------------- NET INCOME 97 97 Retained Earnings - beginning of year (11) ($1) (11) Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year $86 ($1) $86 ====================================================
PAGE 522 MEC International B.V. MEC Wales B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Hydro Limited MEC Partnership Wales Consolidating Consolidated B.V. Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,712,085 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (87,415) $318,371 ($318,371) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,624,670 318,371 (318,371) ------------------------------------------------------ Cash and equivalents 96,905 104 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,997 1 ------------------------------------------------------ Total current assets 150,651 104 1 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 320,907 1,954 ------------------------------------------------------ Total deferred charges 320,907 1,954 ------------------------------------------------------ TOTAL ASSETS $2,096,228 $320,429 ($318,370) ======================================================
MEC International B.V. MEC Wales B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC Wales B.V. Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,712,085 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (87,415) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,624,670 ------------------------------------------------------ Cash and equivalents 97,009 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,998 ------------------------------------------------------ Total current assets 150,756 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 322,861 ------------------------------------------------------ Total deferred charges 322,861 ------------------------------------------------------ TOTAL ASSETS $2,098,287 ======================================================
MEC International B.V. MEC Wales B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Hydro Limited MEC Partnership Wales Consolidating Consolidated B.V. Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $347,477 $26 ($347,477) Additional Paid in Capital 276,698 Cumulative Translation Adjustments, Net 29,850 35,366 3,184 Retained earnings 56,570 51,139 (40,166) ------------------------------------------------------ 433,897 363,229 (384,459) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 ------------------------------------------------------ Total capitalization 1,538,917 363,229 (384,459) ------------------------------------------------------ Other long-term liabilities 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 7,476 (42,427) Accrued taxes 29,400 (373) Accrued interest 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 68,112 (42,800) ------------------------------------------------------ Accumulated deferred income taxes - net 304,475 Accumulated deferred investment tax credits 150,994 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 455,469 ------------------------------------------------------ Minority interest 66,089 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,096,228 $320,429 ($318,370) ======================================================
MEC International B.V. MEC Wales B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC Wales B.V. Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $26 Additional Paid in Capital 276,698 Cumulative Translation Adjustments, Net 68,400 Retained earnings 67,543 ------------------------------------------------------ 412,667 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 ------------------------------------------------------ Total capitalization 1,517,687 ------------------------------------------------------ Other long-term liabilities 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable (34,951) Accrued taxes 29,027 Accrued interest 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 25,312 ------------------------------------------------------ Accumulated deferred income taxes - net 304,475 Accumulated deferred investment tax credits 150,994 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 455,469 ------------------------------------------------------ Minority interest 66,089 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,098,287 ======================================================
MEC International B.V. MEC Wales B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Hydro Limited MEC Partnership Wales Consolidating Consolidated B.V. Adjustments ============================================================================================================ Electric utility revenue $400,026 Diversified operations ------------------------------------------------------ Total operating revenue 400,026 ------------------------------------------------------ Fuel 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 73,081 $20 Maintenance Depreciation and decommissioning 36,192 261 Income taxes 20,073 (294) Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 237,516 (13) ------------------------------------------------------ Operating income 162,510 13 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4,619 626 Minority interest ($20,143) Taxes on nonoperating income (1,463) (207) Other - net 1 (158) (1) ------------------------------------------------------ Total other income (deductions) - net 3,157 261 (20,144) ------------------------------------------------------ Income before interest and other expenses 165,667 274 (20,144) ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 81,637 ------------------------------------------------------ NET INCOME 84,030 274 (20,144) Retained Earnings - beginning of year 68,324 50,865 (20,022) Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $56,570 $51,139 ($40,166) ======================================================
MEC International B.V. MEC Wales B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
MEC Wales B.V. Consolidated ============================================================================================================ Electric utility revenue Diversified operations $400,026 ------------------------------------------------------ Total operating revenue 400,026 ------------------------------------------------------ Fuel 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 73,101 Maintenance Depreciation and decommissioning 36,453 Income taxes 19,779 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 237,503 ------------------------------------------------------ Operating income 162,523 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 5,245 Minority interest (20,143) Taxes on nonoperating income (1,670) Other - net (158) ------------------------------------------------------ Total other income (deductions) - net (16,726) ------------------------------------------------------ Income before interest and other expenses 145,797 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 81,637 ------------------------------------------------------ NET INCOME 64,160 Retained Earnings - beginning of year 99,167 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $67,543 ======================================================
MEC International B.V. MEC Wales B.V. Mission Hydro Ltd. Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Generation Mission Holdings Hydro Limited Limited Consolidating Consolidated Partnership Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,712,085 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (87,415) $405,515 ($405,515) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,624,670 405,515 (405,515) ------------------------------------------------------ Cash and equivalents 96,905 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,997 ------------------------------------------------------ Total current assets 150,651 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 320,907 ------------------------------------------------------ Total deferred charges 320,907 ------------------------------------------------------ TOTAL ASSETS $2,096,228 $405,515 ($405,515) ======================================================
PAGE 529 MEC International B.V. MEC Wales B.V. Mission Hydro Ltd. Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Hydro Limited Partnership Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,712,085 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (87,415) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,624,670 ------------------------------------------------------ Cash and equivalents 96,905 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,997 ------------------------------------------------------ Total current assets 150,651 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 320,907 ------------------------------------------------------ Total deferred charges 320,907 ------------------------------------------------------ TOTAL ASSETS $2,096,228 ======================================================
PAGE 530 MEC International B.V. MEC Wales B.V. Mission Hydro Ltd. Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Generation Mission Holdings Hydro Limited Limited Consolidating Consolidated Partnership Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $347,477 $405,515 ($405,515) Additional Paid in Capital Cumulative Translation Adjustments, Net 29,850 Retained earnings 56,570 ------------------------------------------------------ 433,897 405,515 (405,515) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 ------------------------------------------------------ Total capitalization 1,538,917 405,515 (405,515) ------------------------------------------------------ Other long-term liabilities 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 7,476 Accrued taxes 29,400 Accrued interest 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 68,112 ------------------------------------------------------ Accumulated deferred income taxes - net 455,469 (150,994) Accumulated deferred investment tax credits 150,994 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 455,469 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,096,228 $405,515 ($405,515) ======================================================
MEC International B.V. MEC Wales B.V. Mission Hydro Ltd. Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Hydro Limited Partnership Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $347,477 Additional Paid in Capital Cumulative Translation Adjustments, Net 29,850 Retained earnings 56,570 ------------------------------------------------------ 433,897 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 ------------------------------------------------------ Total capitalization 1,538,917 ------------------------------------------------------ Other long-term liabilities 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 7,476 Accrued taxes 29,400 Accrued interest 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 68,112 ------------------------------------------------------ Accumulated deferred income taxes - net 304,475 Accumulated deferred investment tax credits 150,994 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 455,469 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,096,228 ======================================================
MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Generation Mission Holdings Hydro Limited Limited Consolidating Consolidated Partnership Adjustments ============================================================================================================ Electric utility revenue $400,026 Diversified operations ------------------------------------------------------ Total operating revenue 400,026 ------------------------------------------------------ Fuel 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 73,081 Maintenance Depreciation and decommissioning 36,192 Income taxes 20,073 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 237,516 ------------------------------------------------------ Operating income 162,510 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4,619 Minority interest Taxes on nonoperating income (1,463) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 3,157 ------------------------------------------------------ Income before interest and other expenses 165,667 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 81,637 ------------------------------------------------------ NET INCOME 84,030 Retained Earnings - beginning of year 68,324 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $56,570 ======================================================
MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Hydro Limited Partnership Consolidated ============================================================================================================ Electric utility revenue $400,026 Diversified operations ------------------------------------------------------ Total operating revenue 400,026 ------------------------------------------------------ Fuel 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 73,081 Maintenance Depreciation and decommissioning 36,192 Income taxes 20,073 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 237,516 ------------------------------------------------------ Operating income 162,510 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4,619 Minority interest Taxes on nonoperating income (1,463) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 3,157 ------------------------------------------------------ Income before interest and other expenses 165,667 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 81,637 ------------------------------------------------------ NET INCOME 84,030 Retained Earnings - beginning of year 68,324 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $56,570 ======================================================
MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Victoria Energy Loyvic Generation Capital Pty Ltd. Limited Partnership Consolidated Consolidated Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $624,425 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 624,425 ------------------------------------------------------ Cash and equivalents 31,018 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 7,013 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 154 ------------------------------------------------------ Total current assets 38,185 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 8,268 ------------------------------------------------------ Total deferred charges 8,268 ------------------------------------------------------ TOTAL ASSETS $670,878 ======================================================
PAGE 535 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
First Hydro EME Holdings Generation Company Holdings Consolidating Consolidated Limited Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,087,660 Nuclear decommissioning trusts Investments in partnerships (87,415) and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,000,245 ------------------------------------------------------ Cash and equivalents 65,887 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 40,736 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,843 ------------------------------------------------------ Total current assets 112,466 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 312,639 ------------------------------------------------------ Total deferred charges 312,639 ------------------------------------------------------ TOTAL ASSETS $1,425,350 ======================================================
PAGE 536 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Generation Holdings Limited Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,712,085 Nuclear decommissioning trusts Investments in partnerships (87,415) and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,624,670 ------------------------------------------------------ Cash and equivalents 96,905 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,997 ------------------------------------------------------ Total current assets 150,651 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 320,907 ------------------------------------------------------ Total deferred charges 320,907 ------------------------------------------------------ TOTAL ASSETS $2,096,228 ======================================================
PAGE 537 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Victoria Energy Loyvic Generation Capital Pty Ltd. Limited Partnership Consolidated Consolidated Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $43,125 Additional Paid in Capital Cumulative Translation Adjustments, Net (2,863) Retained earnings 16,207 ------------------------------------------------------ 56,469 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 447,940 ------------------------------------------------------ Total capitalization 504,409 ------------------------------------------------------ Other long-term liabilities 1,132 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable (986) Accrued taxes Accrued interest 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 5,660 ------------------------------------------------------ Accumulated deferred income taxes - net 159,677 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 159,677 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $670,878 ======================================================
MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
First Hydro EME Holdings Generation Company Holdings Consolidating Consolidated Limited Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $304,352 Additional Paid in Capital Cumulative Translation Adjustments, Net 28,132 $4,581 Retained earnings 40,363 ------------------------------------------------------ 372,847 4,581 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 657,080 ------------------------------------------------------ Total capitalization 1,029,927 4,581 ------------------------------------------------------ Other long-term liabilities 32,598 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 13,043 (4,581) Accrued taxes 29,400 Accrued interest 24,590 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 67,033 (4,581) ------------------------------------------------------ Accumulated deferred income taxes - net 295,792 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 295,792 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,425,350 ======================================================
MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Generation Holdings Limited Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $347,477 Additional Paid in Capital Cumulative Translation Adjustments, Net 29,850 Retained earnings 56,570 ------------------------------------------------------ 433,897 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 ------------------------------------------------------ Total capitalization 1,538,917 ------------------------------------------------------ Other long-term liabilities 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 7,476 Accrued taxes 29,400 Accrued interest 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 68,112 ------------------------------------------------------ Accumulated deferred income taxes - net 455,469 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 455,469 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,096,228 ======================================================
MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Victoria Energy Loyvic Generation Capital Pty Ltd. Limited Partnership Consolidated Consolidated Consolidated ============================================================================================================ Electric utility revenue $75,596 Diversified operations ------------------------------------------------------ Total operating revenue 75,596 ------------------------------------------------------ Fuel 9,831 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 6,431 Maintenance Depreciation and decommissioning 9,777 Income taxes 11,206 Property and other taxes ------------------------------------------------------ Total operating expenses 37,245 ------------------------------------------------------ Operating income 38,351 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 623 Minority interest Taxes on nonoperating income (224) Other - net ------------------------------------------------------ Total other income (deductions) - net 399 ------------------------------------------------------ Income before interest and other expenses 38,750 ------------------------------------------------------ Interest on long-term debt Other interest expense 22,543 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 22,543 ------------------------------------------------------ NET INCOME 16,207 Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $16,207 ======================================================
MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
First Hydro EME Holdings Generation Company Holdings Consolidating Consolidated Limited Adjustments ============================================================================================================ Electric utility revenue $324,430 Diversified operations ------------------------------------------------------ Total operating revenue 324,430 ------------------------------------------------------ Fuel 81,865 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 66,650 Maintenance Depreciation and decommissioning 26,415 Income taxes 8,867 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 200,271 ------------------------------------------------------ Operating income 124,159 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 3,996 Minority interest Taxes on nonoperating income (1,239) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 2,758 ------------------------------------------------------ Income before interest and other expenses 126,917 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 3 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 59,094 ------------------------------------------------------ NET INCOME 67,823 Retained Earnings - beginning of year 68,324 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $40,363 ======================================================
MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Generation Holdings Limited Consolidated ============================================================================================================ Electric utility revenue $400,026 Diversified operations ------------------------------------------------------ Total operating revenue 400,026 ------------------------------------------------------ Fuel 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 73,081 Maintenance Depreciation and decommissioning 36,192 Income taxes 20,073 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 237,516 ------------------------------------------------------ Operating income 162,510 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4,619 Minority interest Taxes on nonoperating income (1,463) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 3,157 ------------------------------------------------------ Income before interest and other expenses 165,667 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 81,637 ------------------------------------------------------ NET INCOME 84,030 Retained Earnings - beginning of year 68,324 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $56,570 ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Capital Enerloy Loyvic Partnership Pty Ltd. Pty Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships $817,131 and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 817,131 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $817,131 ======================================================
PAGE 544 MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Loyvic Consolidating Pty Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries ($817,131) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (817,131) ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ($817,131) ======================================================
PAGE 545 MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Capital Enerloy Loyvic Partnership Pty Ltd. Pty Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $817,131 Additional Paid in Capital Cumulative Translation Adjustments, Net $6,635 (6,635) Retained earnings (53,321) 53,321 ------------------------------------------------------ (46,686) 863,817 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 810,838 (817,131) ------------------------------------------------------ Total capitalization 764,152 46,686 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 46,333 (46,686) Accrued taxes Accrued interest 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 52,979 (46,686) ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $817,131 ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Loyvic Consolidating Pty Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($817,131) Additional Paid in Capital Cumulative Translation Adjustments, Net Retained earnings ------------------------------------------------------ (817,131) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 6,293 ------------------------------------------------------ Total capitalization (810,838) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock (6,293) Short-term debt Accounts payable 353 Accrued taxes Accrued interest (353) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (6,293) ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($817,131) ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Energy Capital Enerloy Loyvic Partnership Pty Ltd. Pty Ltd. ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt $53,321 ($53,321) Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 53,321 (53,321) ------------------------------------------------------ NET INCOME (53,321) 53,321 Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($53,321) $53,321 ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Loyvic Consolidating Pty Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Energy Energy Development Enerloy Capital Australia Pty Ltd. Partnership Pty Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $817,131 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 817,131 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $817,131 ======================================================
PAGE 550 MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Gippsland Loy Yang B Victoria Power Joint Generation Pty Ltd. Venture Limited ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $624,425 $1,359,017 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 624,425 1,359,017 ------------------------------------------------------ Cash and equivalents 31,018 35,464 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 7,013 11,219 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 154 314 ------------------------------------------------------ Total current assets 38,185 46,997 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 8,268 14,498 ------------------------------------------------------ Total deferred charges 8,268 14,498 ------------------------------------------------------ TOTAL ASSETS $670,878 $1,420,512 ======================================================
PAGE 551 MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Victoria Generation Consolidated Limited Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation ($1,359,017) $624,425 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (817,131) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (2,176,148) 624,425 ------------------------------------------------------ Cash and equivalents (35,464) 31,018 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (11,219) 7,013 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (314) 154 ------------------------------------------------------ Total current assets (46,997) 38,185 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (14,498) 8,268 ------------------------------------------------------ Total deferred charges (14,498) 8,268 ------------------------------------------------------ TOTAL ASSETS ($2,237,643) $670,878 ======================================================
PAGE 552 MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Energy Energy Development Enerloy Capital Australia Pty Ltd. Partnership Pty Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $817,131 Additional Paid in Capital Cumulative Translation Adjustments, Net (6,635) $6,635 Retained earnings 53,321 (53,321) ------------------------------------------------------ 863,817 (46,686) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (817,131) 810,838 ------------------------------------------------------ Total capitalization 46,686 764,152 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable (46,686) 46,333 Accrued taxes Accrued interest 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (46,686) 52,979 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $817,131 ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Gippsland Loy Yang B Victoria Power Joint Generation Pty Ltd. Venture Limited ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $43,125 Additional Paid in Capital $87,778 Cumulative Translation Adjustments, Net (1,731) (58,596) Retained earnings 16,207 44,312 ------------------------------------------------------ 57,601 73,494 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 453,100 1,108,105 ------------------------------------------------------ Total capitalization 510,701 1,181,599 ------------------------------------------------------ Other long-term liabilities 1,132 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (633) (307,853) Accrued taxes 48,160 Accrued interest 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (633) (259,340) ------------------------------------------------------ Accumulated deferred income taxes - net 159,677 (31,223) Accumulated deferred investment tax credits Customer advances and other deferred credits 529,476 ------------------------------------------------------ Total deferred credits 159,677 498,253 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $670,877 $1,420,512 ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Victoria Generation Consolidating Limited Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($817,131) $43,125 Additional Paid in Capital (87,778) Cumulative Translation Adjustments, Net 57,464 (2,863) Retained earnings (44,312) 16,207 ------------------------------------------------------ (891,757) 56,469 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (1,106,972) 447,940 ------------------------------------------------------ Total capitalization (1,998,729) 504,409 ------------------------------------------------------ Other long-term liabilities 1,132 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 307,853 (986) Accrued taxes (48,160) Accrued interest (353) 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 259,340 5,660 ------------------------------------------------------ Accumulated deferred income taxes - net 31,223 159,677 Accumulated deferred investment tax credits Customer advances and other deferred credits (529,476) ------------------------------------------------------ Total deferred credits (498,253) 159,677 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($2,237,642) $670,878 ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Energy Energy Development Enerloy Capital Australia Pty Ltd. Partnership Pty Ltd. ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt ($53,321) $53,321 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (53,321) 53,321 ------------------------------------------------------ NET INCOME 53,321 (53,321) Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $53,321 ($53,321) ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Gippsland Loy Yang B Victoria Power Joint Generation Pty Ltd. Venture Limited ============================================================================================================ Electric utility revenue $75,596 $249,826 Diversified operations ------------------------------------------------------ Total operating revenue 75,596 249,826 ------------------------------------------------------ Fuel 9,831 39,501 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 6,431 27,605 Maintenance Depreciation and decommissioning 9,777 62,657 Income taxes 11,206 4,292 Property and other taxes ------------------------------------------------------ Total operating expenses 37,245 134,055 ------------------------------------------------------ Operating income 38,351 115,771 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 623 19,170 Minority interest (36,696) Taxes on nonoperating income (224) (6,901) Other - net ------------------------------------------------------ Total other income (deductions) - net 399 (24,427) ------------------------------------------------------ Income before interest and other expenses 38,750 91,344 ------------------------------------------------------ Interest on long-term debt Other interest expense 22,543 74,129 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 22,543 74,129 ------------------------------------------------------ NET INCOME 16,207 17,215 Retained Earnings - beginning of year 27,097 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $16,207 $44,312 ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Victoria Generation Consolidating Limited Adjustments Consolidated ============================================================================================================ Electric utility revenue ($249,826) $75,596 Diversified operations ------------------------------------------------------ Total operating revenue (249,826) 75,596 ------------------------------------------------------ Fuel (39,501) 9,831 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (27,605) 6,431 Maintenance Depreciation and decommissioning (62,657) 9,777 Income taxes (4,292) 11,206 Property and other taxes ------------------------------------------------------ Total operating expenses (134,055) 37,245 ------------------------------------------------------ Operating income (115,771) 38,351 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (19,170) 623 Minority interest 36,696 Taxes on nonoperating income 6,901 (224) Other - net ------------------------------------------------------ Total other income (deductions) - net 24,427 399 ------------------------------------------------------ Income before interest and other expenses (91,344) 38,750 ------------------------------------------------------ Interest on long-term debt Other interest expense (74,129) 22,543 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (74,129) 22,543 ------------------------------------------------------ NET INCOME (17,215) 16,207 Retained Earnings - beginning of year (27,097) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($44,312) $16,207 ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited Energy Capital Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Enerloy Capital Consolidating Pty Ltd. Partnership Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships $817,131 ($817,131) and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 817,131 (817,131) ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $817,131 ($817,131) ======================================================
PAGE 559 MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited Energy Capital Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Capital Partnership Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
PAGE 560 MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited Energy Capital Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Enerloy Capital Consolidating Pty Ltd. Partnership Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $817,131 ($817,131) Additional Paid in Capital Cumulative Translation Adjustments, Net (6,635) $6,635 Retained earnings 53,321 (53,321) ------------------------------------------------------ 863,817 (46,686) (817,131) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (817,131) 810,838 6,293 ------------------------------------------------------ Total capitalization 46,686 764,152 (810,838) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 (6,293) Short-term debt Accounts payable (46,686) 46,333 353 Accrued taxes Accrued interest 353 (353) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (46,686) 52,979 (6,293) ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $817,131 ($817,131) ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited Energy Capital Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Capital Partnership Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Cumulative Translation Adjustments, Net Retained earnings ------------------------------------------------------ Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holding Limited Energy Capital Partnership Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Energy Enerloy Capital Consolidating Pty Ltd. Partnership Adjustments ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt ($53,321) $53,321 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (53,321) 53,321 ------------------------------------------------------ NET INCOME 53,321 (53,321) Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $53,321 ($53,321) ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited Energy Capital Partnership Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Energy Capital Partnership Consolidated ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited First Hydro Holdings Company Consolidating Balance Sheet December 31, 1997 (In thousands)
First First Hydro Hydro First Holdings Finance Hydro Company plc Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $17,139 $173 $796,466 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 994,949 10,050 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,012,088 10,223 796,466 ------------------------------------------------------ Cash and equivalents 232 60,265 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,977 26,565 34,951 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,843 ------------------------------------------------------ Total current assets 6,209 26,565 101,059 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 33 ------------------------------------------------------ Total deferred charges 33 ------------------------------------------------------ TOTAL ASSETS $1,018,297 $36,788 $897,558 ======================================================
PAGE 565 MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited First Hydro Holdings Company Consolidating Balance Sheet December 31, 1997 (In thousands)
First Hydro First Holdings Hydro Consolidating Company Company Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $796,466 ($522,584) $1,087,660 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (1,092,414) (87,415) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 796,466 (1,614,998) 1,000,245 ------------------------------------------------------ Cash and equivalents 60,265 (54,875) 65,887 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 34,951 (61,708) 40,736 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,843 (5,843) 5,843 ------------------------------------------------------ Total current assets 101,059 (122,426) 112,466 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 33 312,573 312,639 ------------------------------------------------------ Total deferred charges 33 312,573 312,639 ------------------------------------------------------ TOTAL ASSETS $897,558 ($1,424,851) $1,425,350 ======================================================
PAGE 566 MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited First Hydro Holdings Company Consolidating Balance Sheet December 31, 1997 (In thousands)
First First Hydro Hydro First Holdings Finance Hydro Company plc Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $181,987 $19 $171,313 Additional Paid in Capital 498,759 Cumulative Translation Adjustments, Net (51,906) (363) 11,000 Retained earnings (24,882) 26,691 151,810 ------------------------------------------------------ 105,199 26,347 832,882 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 889,153 10,412 (10,412) ------------------------------------------------------ Total capitalization 994,352 36,759 822,470 ------------------------------------------------------ Other long-term liabilities 32,598 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (642) 29 13,655 Accrued taxes 29,400 Accrued interest 24,587 3 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 23,945 29 43,058 ------------------------------------------------------ Accumulated deferred income taxes - net (568) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (568) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,018,297 $36,788 $897,558 ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited First Hydro Holdings Company Consolidating Balance Sheet December 31, 1997 (In thousands)
First Hydro First Holdings Hydro Consolidating Company Company Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $171,313 ($220,280) $304,352 Additional Paid in Capital 498,759 (997,518) Cumulative Translation Adjustments, Net 11,000 58,401 28,132 Retained earnings 151,810 (265,066) 40,363 ------------------------------------------------------ 832,882 (1,424,463) 372,847 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (10,412) (221,661) 657,080 ------------------------------------------------------ Total capitalization 822,470 (1,646,124) 1,029,927 ------------------------------------------------------ Other long-term liabilities 32,598 (32,598) 32,598 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 13,655 (13,654) 13,043 Accrued taxes 29,400 (29,400) 29,400 Accrued interest 3 (3) 24,590 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 43,058 (43,057) 67,033 ------------------------------------------------------ Accumulated deferred income taxes - net (568) 296,928 295,792 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (568) 296,928 295,792 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $897,558 ($1,424,851) $1,425,350 ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited First Hydro Holdings Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
First First Hydro Hydro First Holdings Finance Hydro Company plc Company ============================================================================================================ Electric utility revenue $324,430 Diversified operations ------------------------------------------------------ Total operating revenue 324,430 ------------------------------------------------------ Fuel 81,865 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $820 ($657) 66,490 Maintenance Depreciation and decommissioning 26,415 Income taxes (273) (19,546) 9,002 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 547 (20,203) 200,246 ------------------------------------------------------ Operating income (547) 20,203 124,184 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,082 59,142 3,589 Minority interest Taxes on nonoperating income (336) (18,334) (1,113) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 746 40,808 2,477 ------------------------------------------------------ Income before interest and other expenses 199 61,011 126,661 ------------------------------------------------------ Interest on long-term debt 59,091 59,772 Other interest expense 3 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 59,091 59,772 3 ------------------------------------------------------ NET INCOME (58,892) 1,239 126,658 Retained Earnings - beginning of year 34,010 25,452 120,935 Dividends declared on common stock (95,783) ------------------------------------------------------ Retained Earnings - end of year ($24,882) $26,691 $151,810 ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited First Hydro Holdings Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
First Hydro First Holdings Hydro Consolidating Company Company Adjustments Consolidated ============================================================================================================ Electric utility revenue $324,430 ($324,430) $324,430 Diversified operations ------------------------------------------------------ Total operating revenue 324,430 (324,430) 324,430 ------------------------------------------------------ Fuel 81,865 (81,865) 81,865 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 66,490 (66,493) 66,650 Maintenance Depreciation and decommissioning 26,415 (26,415) 26,415 Income taxes 9,002 10,682 8,867 Property and other taxes 16,474 (16,474) 16,474 ------------------------------------------------------ Total operating expenses 200,246 (180,565) 200,271 ------------------------------------------------------ Operating income 124,184 (143,865) 124,159 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 3,589 (63,406) 3,996 Minority interest Taxes on nonoperating income (1,113) 19,657 (1,239) Other - net 1 (1) 1 ------------------------------------------------------ Total other income (deductions) - net 2,477 (43,750) 2,758 ------------------------------------------------------ Income before interest and other expenses 126,661 (187,615) 126,917 ------------------------------------------------------ Interest on long-term debt (59,772) 59,091 Other interest expense 3 (3) 3 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 3 (59,775) 59,094 ------------------------------------------------------ NET INCOME 126,658 (127,840) 67,823 Retained Earnings - beginning of year 120,935 (233,008) 68,324 Dividends declared on common stock (95,783) 95,782 (95,784) ------------------------------------------------------ Retained Earnings - end of year $151,810 ($265,066) $40,363 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission MEC Energy Esenyurt MEC International B.V. IES B.V. Consolidated B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $85,169 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $6 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 85,169 6 ------------------------------------------------------ Cash and equivalents $50 270 11 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 317 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 137 ------------------------------------------------------ Total current assets 50 724 11 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 7,036 ------------------------------------------------------ Total deferred charges 7,036 ------------------------------------------------------ TOTAL ASSETS $50 $92,929 $17 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC Indo MEC India Coal Indonsia B.V. B.V. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $22,306 $125,694 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 22,306 125,694 ------------------------------------------------------ Cash and equivalents $44 503 30 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1 ------------------------------------------------------ Total current assets 45 503 30 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 99 1,001 ------------------------------------------------------ Total deferred charges 99 1,001 ------------------------------------------------------ TOTAL ASSETS $45 $22,908 $126,725 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC MEC Laguna Power Perth Priolo B.V. B.V. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $83,611 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $1,566 $15,650 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,566 83,611 15,650 ------------------------------------------------------ Cash and equivalents 3,570 1,086 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2,389 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 16 ------------------------------------------------------ Total current assets 5,975 1,086 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 15 7,373 112 ------------------------------------------------------ Total deferred charges 15 7,373 112 ------------------------------------------------------ TOTAL ASSETS $1,581 $96,959 $16,848 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC MEC San Pascual Sidi Krir Sumatra B.V. B.V. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $115 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 115 ------------------------------------------------------ Cash and equivalents $19 $17 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 19 17 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $115 $19 $17 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
P.T. Edison MEC Mission Mission Wales Energy Operation and B.V. Italia Maintenance Consolidated s.r.l. Indonesia ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,712,085 $210 $27 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (87,415) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,624,670 210 27 ------------------------------------------------------ Cash and equivalents 97,009 94 970 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 879 1,014 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,998 44 39 ------------------------------------------------------ Total current assets 150,756 1,017 2,023 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 322,861 53 ------------------------------------------------------ Total deferred charges 322,861 53 ------------------------------------------------------ TOTAL ASSETS $2,098,287 $1,280 $2,050 ======================================================
PAGE 575 MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC International International Holdings Holdings Consolidating B.V. B.V. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation ($1,881,102) Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $5,354 (77,922) $5,354 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 5,354 (1,959,024) 5,354 ------------------------------------------------------ Cash and equivalents 35 (103,673) 35 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (52,348) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (6,235) ------------------------------------------------------ Total current assets 35 (162,256) 35 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (338,550) ------------------------------------------------------ Total deferred charges (338,550) ------------------------------------------------------ TOTAL ASSETS $5,389 ($2,459,830) $5,389 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission MEC Energy Esenyurt MEC International B.V. IES B.V. Consolidated B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $55 $30 $25 Additional Paid in Capital 15,976 Cumulative Translation Adjustments, Net (251) Retained earnings (10) 86 (47) ------------------------------------------------------ 45 15,841 (22) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 59,327 ------------------------------------------------------ Total capitalization 45 75,168 (22) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 7 8,831 62 Accrued taxes (2) (8) (23) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 5 8,823 39 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits 4,992 ------------------------------------------------------ Total deferred credits 4,992 ------------------------------------------------------ Minority interest 3,946 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $50 $92,929 $17 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC Indo MEC India Coal Indonesia B.V. B.V. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $23 $22 $21 Additional Paid in Capital 1 17,426 126,849 Cumulative Translation Adjustments, Net 33 Retained earnings (13) 3,349 (104) ------------------------------------------------------ 44 20,797 126,766 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 44 20,797 126,766 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (6) 11 Accrued taxes 6 (186) (41) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (175) (41) ------------------------------------------------------ Accumulated deferred income taxes - net 1 2,286 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 1 2,286 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $45 $22,908 $126,725 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC MEC Laguna Power Perth Priolo B.V. B.V. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $22 $23 $22 Additional Paid in Capital 1,549 24,254 17,929 Cumulative Translation Adjustments, Net (4,097) 187 Retained earnings (9) 3,451 (416) ------------------------------------------------------ 1,562 23,631 17,722 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 64,551 ------------------------------------------------------ Total capitalization 1,562 88,182 17,722 ------------------------------------------------------ Other long-term liabilities 467 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 2,628 Short-term debt Accounts payable 24 (2,549) (1,072) Accrued taxes (5) 198 Accrued interest 3,222 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 19 3,301 (874) ------------------------------------------------------ Accumulated deferred income taxes - net 1,663 Accumulated deferred investment tax credits Customer advances and other deferred credits 3,300 ------------------------------------------------------ Total deferred credits 4,963 ------------------------------------------------------ Minority interest 46 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,581 $96,959 $16,848 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC San MEC MEC Pascual Sidi Krir Sumatra B.V. B.V. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $23 $25 $25 Additional Paid in Capital 115 Cumulative Translation Adjustments, Net Retained earnings (12) (12) (13) ------------------------------------------------------ 126 13 12 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 126 13 12 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (6) 10 9 Accrued taxes (5) (4) (4) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (11) 6 5 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $115 $19 $17 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
P.T. Edison MEC Mission Mission Wales Energy Operation and B.V. Italia Maintenance Consolidated s.r.l. Indonesia ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $26 $13 Additional Paid in Capital 276,698 $1,500 Cumulative Translation Adjustments, Net 68,400 11 Retained earnings 67,543 93 965 ------------------------------------------------------ 412,667 117 2,465 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 ------------------------------------------------------ Total capitalization 1,517,687 117 2,465 ------------------------------------------------------ Other long-term liabilities 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable (34,951) 1,157 (505) Accrued taxes 29,027 6 90 Accrued interest 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 25,312 1,163 (415) ------------------------------------------------------ Accumulated deferred income taxes - net 304,475 Accumulated deferred investment tax credits 150,994 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 455,469 ------------------------------------------------------ Minority interest 66,089 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,098,287 $1,280 $2,050 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC International International Holdings Holdings Consolidating B.V. B.V. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $21 ($355) $21 Additional Paid in Capital 4,818 (482,297) 4,818 Cumulative Translation Adjustments, Net (64,283) Retained earnings 540 (74,851) 540 ------------------------------------------------------ 5,379 (621,786) 5,379 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (1,228,898) ------------------------------------------------------ Total capitalization 5,379 (1,850,684) 5,379 ------------------------------------------------------ Other long-term liabilities (34,197) ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock (8,921) Short-term debt Accounts payable 18 28,978 18 Accrued taxes (8) (29,049) (8) Accrued interest (28,165) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 10 (37,157) 10 ------------------------------------------------------ Accumulated deferred income taxes - net (308,425) Accumulated deferred investment tax credits (150,994) Customer advances and other deferred credits (8,292) ------------------------------------------------------ Total deferred credits (467,711) ------------------------------------------------------ Minority interest (70,081) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $5,389 ($2,459,830) $5,389 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Mission MEC Energy Esenyurt MEC International B.V. IES B.V. Consolidated B.V. ============================================================================================================ Electric utility revenue Diversified operations $69 ($55) ------------------------------------------------------ Total operating revenue 69 (55) ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 65 $1 (1) Maintenance Depreciation and decommissioning 4 7 2 Income taxes (40) (19) Property and other taxes ------------------------------------------------------ Total operating expenses 69 (32) (18) ------------------------------------------------------ Operating income 32 (37) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net (2) 65 (1) ------------------------------------------------------ Total other income (deductions) - net (2) 65 (1) ------------------------------------------------------ Income before interest and other expenses (2) 97 (38) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (2) 97 (38) Retained Earnings - beginning of year (8) (11) (9) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($10) $86 ($47) ======================================================
PAGE 583 MEC International B.V. MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
MEC MEC Indo MEC India Coal Indonesia B.V. B.V. B.V. ============================================================================================================ Electric utility revenue Diversified operations $288 $3,056 ------------------------------------------------------ Total operating revenue 288 3,056 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 223 2 $6 Maintenance Depreciation and decommissioning 7 650 96 Income taxes 21 672 (27) Property and other taxes ------------------------------------------------------ Total operating expenses 251 1,324 75 ------------------------------------------------------ Operating income 37 1,732 (75) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 61 2 Minority interest Taxes on nonoperating income (21) (1) Other - net (41) 182 19 ------------------------------------------------------ Total other income (deductions) - net (41) 222 20 ------------------------------------------------------ Income before interest and other expenses (4) 1,954 (55) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (4) 1,954 (55) Retained Earnings - beginning of year (9) 1,395 (50) Dividends declared on common stock 1 ------------------------------------------------------ Retained Earnings - end of year ($13) $3,349 ($104) ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
MEC MEC MEC Laguna Power Perth Priolo B.V. B.V. B.V. ============================================================================================================ Electric utility revenue $46,078 Diversified operations $147 ------------------------------------------------------ Total operating revenue 46,078 147 ------------------------------------------------------ Fuel 24,375 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $1 4,043 (16) Maintenance Depreciation and decommissioning 1 4,216 19 Income taxes (1) 1,922 226 Property and other taxes ------------------------------------------------------ Total operating expenses 1 34,556 229 ------------------------------------------------------ Operating income (1) 11,522 (82) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 264 11 Minority interest Taxes on nonoperating income (95) (4) Other - net (320) ------------------------------------------------------ Total other income (deductions) - net 169 (313) ------------------------------------------------------ Income before interest and other expenses (1) 11,691 (395) ------------------------------------------------------ Interest on long-term debt 8,094 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 8,094 ------------------------------------------------------ NET INCOME (1) 3,597 (395) Retained Earnings - beginning of year (8) (146) (21) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($9) $3,451 ($416) ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
MEC San MEC MEC Pascual Sidi Krir Sumatra B.V. B.V. B.V. ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $1 $1 $3 Maintenance Depreciation and decommissioning 1 2 2 Income taxes (1) Property and other taxes ------------------------------------------------------ Total operating expenses 2 3 4 ------------------------------------------------------ Operating income (2) (3) (4) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net (1) (1) (1) ------------------------------------------------------ Total other income (deductions) - net (1) (1) (1) ------------------------------------------------------ Income before interest and other expenses (3) (4) (5) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (3) (4) (5) Retained Earnings - beginning of year (9) (8) (8) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($12) ($12) ($13) ======================================================
PAGE 586 MEC International B.V. MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
P.T. Edison MEC Mision Mission Wales Energy Operation and B.V. Italia Maintenance Consolidated s.r.l. Indonesia ============================================================================================================ Electric utility revenue $400,026 Diversified operations $3,136 $5,238 ------------------------------------------------------ Total operating revenue 400,026 3,136 5,238 ------------------------------------------------------ Fuel 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 73,101 2,941 4,677 Maintenance Depreciation and decommissioning 36,453 22 Income taxes 19,779 112 222 Property and other taxes 16,474 1 ------------------------------------------------------ Total operating expenses 237,503 3,076 4,899 ------------------------------------------------------ Operating income 162,523 60 339 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 5,245 2 109 Minority interest (20,143) Taxes on nonoperating income (1,670) (1) (31) Other - net (158) (16) 3 ------------------------------------------------------ Total other income (deductions) - net (16,726) (15) 81 ------------------------------------------------------ Income before interest and other expenses 145,797 45 420 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 81,637 ------------------------------------------------------ NET INCOME 64,160 45 420 Retained Earnings - beginning of year 99,167 48 545 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $67,543 $93 $965 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
MEC MEC International International Holdings Holdings Consolidating B.V. B.V. Adjustments Consolidated ============================================================================================================ Electric utility revenue ($446,104) Diversified operations $439 (11,879) $439 ------------------------------------------------------ Total operating revenue 439 (457,983) 439 ------------------------------------------------------ Fuel (116,071) Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $2 (85,048) 2 Maintenance Depreciation and decommissioning 1 (41,482) 1 Income taxes (1) (22,866) (1) Property and other taxes (16,475) ------------------------------------------------------ Total operating expenses 2 (281,942) 2 ------------------------------------------------------ Operating income 437 (176,041) 437 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (5,694) Minority interest 20,143 Taxes on nonoperating income 1,823 Other - net 3 271 3 ------------------------------------------------------ Total other income (deductions) - net 3 16,543 3 ------------------------------------------------------ Income before interest and other expenses 440 (159,498) 440 ------------------------------------------------------ Interest on long-term debt (67,185) Other interest expense (22,546) Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (89,731) ------------------------------------------------------ NET INCOME 440 (69,766) 440 Retained Earnings - beginning of year 100 (100,868) 100 Dividends declared on common stock 95,783 ------------------------------------------------------ Retained Earnings - end of year $540 ($74,851) $540 ======================================================
Page 588 MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Doga Enerji Doga Isi Doga Uretim Satis Isletme ve Sanayi ve Hizmetteri Bakim Ticaret A.S. Ticaret L.S. Ticaret L.S. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $85,169 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 85,169 ------------------------------------------------------ Cash and equivalents 131 $58 $58 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 317 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 137 ------------------------------------------------------ Total current assets 585 58 58 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 210 ------------------------------------------------------ Total deferred charges 210 ------------------------------------------------------ TOTAL ASSETS $85,964 $58 $58 ======================================================
MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC Esenyurt Esenyurt Consolidating B.V. B.V. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $85,169 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $16,003 ($16,003) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 16,003 (16,003) 85,169 ------------------------------------------------------ Cash and equivalents 23 270 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 317 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 137 ------------------------------------------------------ Total current assets 23 724 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,826 7,036 ------------------------------------------------------ Total deferred charges 6,826 7,036 ------------------------------------------------------ TOTAL ASSETS $22,852 ($16,003) $92,929 ======================================================
MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Doga Doga Enerji Isision Doga Uretim Satis Isletme Sanayi ve Hizmetteri ve Bakim Ticaret A.S. Ticaret L.S. Ticaret L.S. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $99 $63 $63 Additional Paid in Capital 19,786 Cumulative Translation Adjustments, Net (305) (5) (5) Retained earnings 1 ------------------------------------------------------ 19,581 58 58 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 59,327 ------------------------------------------------------ Total capitalization 78,908 58 58 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 2,063 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 2,063 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits 4,993 ------------------------------------------------------ Total deferred credits 4,993 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $85,964 $58 $58 ======================================================
MEC International B.V. MEC International Holdings B.V. Mec Esenyurt B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC MEC Esenyurt Esenyurt Consolidating B.V. B.V. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $30 ($225) $30 Additional Paid in Capital 15,976 (19,786) 15,976 Cumulative Translation Adjustments, Net 64 (251) Retained earnings 86 (1) 86 ------------------------------------------------------ 16,092 (19,948) 15,841 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 59,327 ------------------------------------------------------ Total capitalization 16,092 (19,948) 75,168 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 6,768 8,831 Accrued taxes (8) (8) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 6,760 8,823 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits (1) 4,992 ------------------------------------------------------ Total deferred credits (1) 4,992 ------------------------------------------------------ Minority interest 3,946 3,946 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $22,852 ($16,003) $92,929 ======================================================
MEC International B.V. MEC International Holdings B.V. Mec Esenyurt B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Doga Enerji Doga Doga Uretim Isi Satis Isletme Sanayi ve Hizmetteri ve Bakim Ticaret A.S. Ticaret L.S. Ticaret L.S. ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME Retained Earnings - beginning of year $1 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $1 ======================================================
PAGE 593 MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
MEC MEC Esenyurt Esenyurt Consolidating B.V. B.V. Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $1 $1 Maintenance Depreciation and decommissioning 8 ($1) 7 Income taxes (40) (40) Property and other taxes ------------------------------------------------------ Total operating expenses (31) (1) (32) ------------------------------------------------------ Operating income 31 1 32 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net 65 65 ------------------------------------------------------ Total other income (deductions) - net 65 65 ------------------------------------------------------ Income before interest and other expenses 96 1 97 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 96 1 97 Retained Earnings - beginning of year (11) ($1) (11) Dividends declared on common stock 1 ------------------------------------------------------ Retained Earnings - end of year $86 $86 ======================================================
PAGE 594 MEC International Holdings B.V. MEC Wales B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Hydro Limited MEC Partnership Wales Consolidating Consolidated B.V. Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,712,085 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (87,415) $318,371 ($318,371) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,624,670 318,371 (318,371) ------------------------------------------------------ Cash and equivalents 96,905 104 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,997 1 ------------------------------------------------------ Total current assets 150,651 104 1 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 320,907 1,954 ------------------------------------------------------ Total deferred charges 320,907 1,954 ------------------------------------------------------ TOTAL ASSETS $2,096,228 $320,429 ($318,370) ======================================================
MEC International Holdings B.V. MEC Wales B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC Wales B.V. Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,712,085 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (87,415) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,624,670 ------------------------------------------------------ Cash and equivalents 97,009 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,998 ------------------------------------------------------ Total current assets 150,756 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 322,861 ------------------------------------------------------ Total deferred charges 322,861 ------------------------------------------------------ TOTAL ASSETS $2,098,287 ======================================================
MEC International Holdings B.V. MEC Wales B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Hydro Limited MEC Partnership Wales Consolidating Consolidated B.V. Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $347,477 $26 ($347,477) Additional Paid in Capital 276,698 Cumulative Translation Adjustments, Net 29,850 35,366 3,184 Retained earnings 56,570 51,139 (40,166) ------------------------------------------------------ 433,897 363,229 (384,459) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 ------------------------------------------------------ Total capitalization 1,538,917 363,229 (384,459) ------------------------------------------------------ Other long-term liabilities 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 7,476 (42,427) Accrued taxes 29,400 (373) Accrued interest 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 68,112 (42,800) ------------------------------------------------------ Accumulated deferred income taxes - net 304,475 Accumulated deferred investment tax credits 150,994 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 455,469 ------------------------------------------------------ Minority interest 66,089 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,096,228 $320,429 ($318,370) ======================================================
MEC International Holdings B.V. MEC Wales B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
MEC Wales B.V. Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $26 Additional Paid in Capital 276,698 Cumulative Translation Adjustments, Net 68,400 Retained earnings 67,543 ------------------------------------------------------ 412,667 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 ------------------------------------------------------ Total capitalization 1,517,687 ------------------------------------------------------ Other long-term liabilities 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable (34,951) Accrued taxes 29,027 Accrued interest 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 25,312 ------------------------------------------------------ Accumulated deferred income taxes - net 304,475 Accumulated deferred investment tax credits 150,994 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 455,469 ------------------------------------------------------ Minority interest 66,089 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,098,287 ======================================================
MEC International Holdings B.V. MEC Wales B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Hydro Limited MEC Partnership Wales Consolidating Consolidated B.V. Adjustments ============================================================================================================ Electric utility revenue $400,026 Diversified operations ------------------------------------------------------ Total operating revenue 400,026 ------------------------------------------------------ Fuel 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 73,081 $20 Maintenance Depreciation and decommissioning 36,192 261 Income taxes 20,073 (294) Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 237,516 (13) ------------------------------------------------------ Operating income 162,510 13 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4,619 626 Minority interest ($20,143) Taxes on nonoperating income (1,463) (207) Other - net 1 (158) (1) ------------------------------------------------------ Total other income (deductions) - net 3,157 261 (20,144) ------------------------------------------------------ Income before interest and other expenses 165,667 274 (20,144) ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 81,637 ------------------------------------------------------ NET INCOME 84,030 274 (20,144) Retained Earnings - beginning of year 68,324 50,865 (20,022) Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $56,570 $51,139 ($40,166) ======================================================
MEC International Holdings B.V. MEC Wales B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
MEC Wales B.V. Consolidated ============================================================================================================ Electric utility revenue $400,026 Diversified operations ------------------------------------------------------ Total operating revenue 400,026 ------------------------------------------------------ Fuel 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 73,101 Maintenance Depreciation and decommissioning 36,453 Income taxes 19,779 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 237,503 ------------------------------------------------------ Operating income 162,523 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 5,245 Minority interest (20,143) Taxes on nonoperating income (1,670) Other - net (158) ------------------------------------------------------ Total other income (deductions) - net (16,726) ------------------------------------------------------ Income before interest and other expenses 145,797 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 81,637 ------------------------------------------------------ NET INCOME 64,160 Retained Earnings - beginning of year 99,167 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $67,543 ======================================================
MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Ltd. Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Generation Mission Holdings Hydro Limited Limited Consolidating Consolidated Partnership Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,712,085 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (87,415) $405,515 ($405,515) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,624,670 405,515 (405,515) ------------------------------------------------------ Cash and equivalents 96,905 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,997 ------------------------------------------------------ Total current assets 150,651 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 320,907 ------------------------------------------------------ Total deferred charges 320,907 ------------------------------------------------------ TOTAL ASSETS $2,096,228 $405,515 ($405,515) ======================================================
PAGE 601 MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Ltd. Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Hydro Limited Partnership Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,712,085 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (87,415) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,624,670 ------------------------------------------------------ Cash and equivalents 96,905 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,997 ------------------------------------------------------ Total current assets 150,651 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 320,907 ------------------------------------------------------ Total deferred charges 320,907 ------------------------------------------------------ TOTAL ASSETS $2,096,228 ======================================================
PAGE 602 MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Ltd. Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Generation Mission Holdings Hydro Limited Limited Consolidating Consolidated Partnership Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $347,477 $405,515 ($405,515) Additional Paid in Capital Cumulative Translation Adjustments, Net 29,850 Retained earnings 56,570 ------------------------------------------------------ 433,897 405,515 (405,515) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 ------------------------------------------------------ Total capitalization 1,538,917 405,515 (405,515) ------------------------------------------------------ Other long-term liabilities 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 7,476 Accrued taxes 29,400 Accrued interest 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 68,112 ------------------------------------------------------ Accumulated deferred income taxes - net 455,469 (150,994) Accumulated deferred investment tax credits 150,994 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 455,469 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,096,228 $405,515 ($405,515) ======================================================
MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Ltd. Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Hydro Limited Partnership Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $347,477 Additional Paid in Capital Cumulative Translation Adjustments, Net 29,850 Retained earnings 56,570 ------------------------------------------------------ 433,897 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 ------------------------------------------------------ Total capitalization 1,538,917 ------------------------------------------------------ Other long-term liabilities 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 7,476 Accrued taxes 29,400 Accrued interest 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 68,112 ------------------------------------------------------ Accumulated deferred income taxes - net 304,475 Accumulated deferred investment tax credits 150,994 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 455,469 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,096,228 ======================================================
MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Generation Mission Holdings Hydro Limited Limited Consolidating Consolidated Partnership Adjustments ============================================================================================================ Electric utility revenue $400,026 Diversified operations ------------------------------------------------------ Total operating revenue 400,026 ------------------------------------------------------ Fuel 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 73,081 Maintenance Depreciation and decommissioning 36,192 Income taxes 20,073 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 237,516 ------------------------------------------------------ Operating income 162,510 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4,619 Minority interest Taxes on nonoperating income (1,463) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 3,157 ------------------------------------------------------ Income before interest and other expenses 165,667 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 81,637 ------------------------------------------------------ NET INCOME 84,030 Retained Earnings - beginning of year 68,324 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $56,570 ======================================================
MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Hydro Limited Partnership Consolidated ============================================================================================================ Electric utility revenue $400,026 Diversified operations ------------------------------------------------------ Total operating revenue 400,026 ------------------------------------------------------ Fuel 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 73,081 Maintenance Depreciation and decommissioning 36,192 Income taxes 20,073 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 237,516 ------------------------------------------------------ Operating income 162,510 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4,619 Minority interest Taxes on nonoperating income (1,463) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 3,157 ------------------------------------------------------ Income before interest and other expenses 165,667 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 81,637 ------------------------------------------------------ NET INCOME 84,030 Retained Earnings - beginning of year 68,324 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $56,570 ======================================================
MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Victoria Energy Loyvic Generation Capital Pty Ltd. Limited Partnership Consolidated Consolidated Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $624,425 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 624,425 ------------------------------------------------------ Cash and equivalents 31,018 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 7,013 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 154 ------------------------------------------------------ Total current assets 38,185 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 8,268 ------------------------------------------------------ Total deferred charges 8,268 ------------------------------------------------------ TOTAL ASSETS $670,878 ======================================================
PAGE 607 MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
First Hydro EME Holdings Generation Company Holdings Consolidating Consolidated Limited Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,087,660 Nuclear decommissioning trusts Investments in partnerships (87,415) and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,000,245 ------------------------------------------------------ Cash and equivalents 65,887 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 40,736 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,843 ------------------------------------------------------ Total current assets 112,466 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 312,639 ------------------------------------------------------ Total deferred charges 312,639 ------------------------------------------------------ TOTAL ASSETS $1,425,350 ======================================================
PAGE 608 MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Generation Holdings Limited Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,712,085 Nuclear decommissioning trusts Investments in partnerships (87,415) and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,624,670 ------------------------------------------------------ Cash and equivalents 96,905 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,997 ------------------------------------------------------ Total current assets 150,651 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 320,907 ------------------------------------------------------ Total deferred charges 320,907 ------------------------------------------------------ TOTAL ASSETS $2,096,228 ======================================================
PAGE 609 MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Victoria Energy Loyvic Generation Capital Pty Ltd. Limited Partnership Consolidated Consolidated Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $43,125 Additional Paid in Capital Cumulative Translation Adjustments, Net (2,863) Retained earnings 16,207 ------------------------------------------------------ 56,469 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 447,940 ------------------------------------------------------ Total capitalization 504,409 ------------------------------------------------------ Other long-term liabilities 1,132 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable (986) Accrued taxes Accrued interest 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 5,660 ------------------------------------------------------ Accumulated deferred income taxes - net 159,677 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 159,677 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $670,878 ======================================================
MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
First Hydro EME Holdings Generation Company Holdings Consolidating Consolidated Limited Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $304,352 Additional Paid in Capital Cumulative Translation Adjustments, Net 28,132 $4,581 Retained earnings 40,363 ------------------------------------------------------ 372,847 4,581 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 657,080 ------------------------------------------------------ Total capitalization 1,029,927 4,581 ------------------------------------------------------ Other long-term liabilities 32,598 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 13,043 (4,581) Accrued taxes 29,400 Accrued interest 24,590 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 67,033 (4,581) ------------------------------------------------------ Accumulated deferred income taxes - net 295,792 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 295,792 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,425,350 ======================================================
MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Generation Holdings Limited Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $347,477 Additional Paid in Capital Cumulative Translation Adjustments, Net 29,850 Retained earnings 56,570 ------------------------------------------------------ 433,897 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 ------------------------------------------------------ Total capitalization 1,538,917 ------------------------------------------------------ Other long-term liabilities 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 7,476 Accrued taxes 29,400 Accrued interest 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 68,112 ------------------------------------------------------ Accumulated deferred income taxes - net 455,469 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 455,469 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,096,228 ======================================================
MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Victoria Energy Loyvic Generation Capital Pty Ltd. Limited Partnership Consolidated Consolidated Consolidated ============================================================================================================ Electric utility revenue $75,596 Diversified operations ------------------------------------------------------ Total operating revenue 75,596 ------------------------------------------------------ Fuel 9,831 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 6,431 Maintenance Depreciation and decommissioning 9,777 Income taxes 11,206 Property and other taxes ------------------------------------------------------ Total operating expenses 37,245 ------------------------------------------------------ Operating income 38,351 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 623 Minority interest Taxes on nonoperating income (224) Other - net ------------------------------------------------------ Total other income (deductions) - net 399 ------------------------------------------------------ Income before interest and other expenses 38,750 ------------------------------------------------------ Interest on long-term debt Other interest expense 22,543 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 22,543 ------------------------------------------------------ NET INCOME 16,207 Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $16,207 ======================================================
MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
First Hydro EME Holdings Generation Company Holdings Consolidating Consolidated Limited Adjustments ============================================================================================================ Electric utility revenue $324,430 Diversified operations ------------------------------------------------------ Total operating revenue 324,430 ------------------------------------------------------ Fuel 81,865 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 66,650 Maintenance Depreciation and decommissioning 26,415 Income taxes 8,867 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 200,271 ------------------------------------------------------ Operating income 124,159 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 3,996 Minority interest Taxes on nonoperating income (1,239) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 2,758 ------------------------------------------------------ Income before interest and other expenses 126,917 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 3 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 59,094 ------------------------------------------------------ NET INCOME 67,823 Retained Earnings - beginning of year 68,324 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $40,363 ======================================================
MEC International Holdings B.V. MEC Wales B.V. Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Generation Holdings Limited Consolidated ============================================================================================================ Electric utility revenue $400,026 Diversified operations ------------------------------------------------------ Total operating revenue 400,026 ------------------------------------------------------ Fuel 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 73,081 Maintenance Depreciation and decommissioning 36,192 Income taxes 20,073 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 237,516 ------------------------------------------------------ Operating income 162,510 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4,619 Minority interest Taxes on nonoperating income (1,463) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 3,157 ------------------------------------------------------ Income before interest and other expenses 165,667 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 81,637 ------------------------------------------------------ NET INCOME 84,030 Retained Earnings - beginning of year 68,324 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $56,570 ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Capital Enerloy Loyvic Partnership Pty Ltd. Pty Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships $817,131 and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 817,131 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $817,131 ======================================================
PAGE 616 MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Loyvic Consolidating Pty Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries ($817,131) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (817,131) ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ($817,131) ======================================================
PAGE 617 MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Capital Enerloy Loyvic Partnership Pty Ltd. Pty Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $817,131 Additional Paid in Capital Cumulative Translation Adjustments, Net $6,635 (6,635) Retained earnings (53,321) 53,321 ------------------------------------------------------ (46,686) 863,817 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 810,838 (817,131) ------------------------------------------------------ Total capitalization 764,152 46,686 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 46,333 (46,686) Accrued taxes Accrued interest 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 52,979 (46,686) ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $817,131 ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Loyvic Consolidating Pty Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($817,131) Additional Paid in Capital Cumulative Translation Adjustments, Net Retained earnings ------------------------------------------------------ (817,131) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 6,293 ------------------------------------------------------ Total capitalization (810,838) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock (6,293) Short-term debt Accounts payable 353 Accrued taxes Accrued interest (353) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (6,293) ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($817,131) ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Energy Capital Enerloy Loyvic Partnership Pty Ltd. Pty Ltd. ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt $53,321 ($53,321) Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 53,321 (53,321) ------------------------------------------------------ NET INCOME (53,321) 53,321 Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($53,321) $53,321 ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Loyvic Consolidating Pty Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Energy Energy Development Enerloy Capital Australia Pty Ltd. Partnership Pty Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $817,131 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 817,131 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $817,131 ======================================================
PAGE 622 MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Gippsland Loy Yang B Victoria Power Joint Generation Pty Ltd. Venture Limited ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $624,425 $1,359,017 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 624,425 1,359,017 ------------------------------------------------------ Cash and equivalents 31,018 35,464 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 7,013 11,219 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 154 314 ------------------------------------------------------ Total current assets 38,185 46,997 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 8,268 14,498 ------------------------------------------------------ Total deferred charges 8,268 14,498 ------------------------------------------------------ TOTAL ASSETS $670,878 $1,420,512 ======================================================
PAGE 623 MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Victoria Generation Consolidated Limited Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation ($1,359,017) $624,425 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (817,131) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (2,176,148) 624,425 ------------------------------------------------------ Cash and equivalents (35,464) 31,018 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (11,219) 7,013 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (314) 154 ------------------------------------------------------ Total current assets (46,997) 38,185 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (14,498) 8,268 ------------------------------------------------------ Total deferred charges (14,498) 8,268 ------------------------------------------------------ TOTAL ASSETS ($2,237,643) $670,878 ======================================================
PAGE 624 MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Energy Energy Development Enerloy Capital Australia Pty Ltd. Partnership Pty Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $817,131 Additional Paid in Capital Cumulative Translation Adjustments, Net (6,635) $6,635 Retained earnings 53,321 (53,321) ------------------------------------------------------ 863,817 (46,686) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (817,131) 810,838 ------------------------------------------------------ Total capitalization 46,686 764,152 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable (46,686) 46,333 Accrued taxes Accrued interest 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (46,686) 52,979 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $817,131 ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Gippsland Loy Yang B Victoria Power Joint Generation Pty Ltd. Venture Limited ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $43,125 Additional Paid in Capital $87,778 Cumulative Translation Adjustments, Net (1,731) (58,596) Retained earnings 16,207 44,312 ------------------------------------------------------ 57,601 73,494 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 453,100 1,108,105 ------------------------------------------------------ Total capitalization 510,701 1,181,599 ------------------------------------------------------ Other long-term liabilities 1,132 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (633) (307,853) Accrued taxes 48,160 Accrued interest 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (633) (259,340) ------------------------------------------------------ Accumulated deferred income taxes - net 159,677 (31,223) Accumulated deferred investment tax credits Customer advances and other deferred credits 529,476 ------------------------------------------------------ Total deferred credits 159,677 498,253 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $670,877 $1,420,512 ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Victoria Generation Consolidating Limited Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($817,131) $43,125 Additional Paid in Capital (87,778) Cumulative Translation Adjustments, Net 57,464 (2,863) Retained earnings (44,312) 16,207 ------------------------------------------------------ (891,757) 56,469 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (1,106,972) 447,940 ------------------------------------------------------ Total capitalization (1,998,729) 504,409 ------------------------------------------------------ Other long-term liabilities 1,132 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 307,853 (986) Accrued taxes (48,160) Accrued interest (353) 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 259,340 5,660 ------------------------------------------------------ Accumulated deferred income taxes - net 31,223 159,677 Accumulated deferred investment tax credits Customer advances and other deferred credits (529,476) ------------------------------------------------------ Total deferred credits (498,253) 159,677 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($2,237,642) $670,878 ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Energy Energy Development Enerloy Capital Australia Pty Ltd. Partnership Pty Ltd. ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt ($53,321) $53,321 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (53,321) 53,321 ------------------------------------------------------ NET INCOME 53,321 (53,321) Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $53,321 ($53,321) ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Gippsland Loy Yang B Victoria Power Joint Generation Pty Ltd. Venture Limited ============================================================================================================ Electric utility revenue $75,596 $249,826 Diversified operations ------------------------------------------------------ Total operating revenue 75,596 249,826 ------------------------------------------------------ Fuel 9,831 39,501 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 6,431 27,605 Maintenance Depreciation and decommissioning 9,777 62,657 Income taxes 11,206 4,292 Property and other taxes ------------------------------------------------------ Total operating expenses 37,245 134,055 ------------------------------------------------------ Operating income 38,351 115,771 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 623 19,170 Minority interest (36,696) Taxes on nonoperating income (224) (6,901) Other - net ------------------------------------------------------ Total other income (deductions) - net 399 (24,427) ------------------------------------------------------ Income before interest and other expenses 38,750 91,344 ------------------------------------------------------ Interest on long-term debt Other interest expense 22,543 74,129 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 22,543 74,129 ------------------------------------------------------ NET INCOME 16,207 17,215 Retained Earnings - beginning of year 27,097 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $16,207 $44,312 ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Victoria Generation Consolidating Limited Adjustments Consolidated ============================================================================================================ Electric utility revenue ($249,826) $75,596 Diversified operations ------------------------------------------------------ Total operating revenue (249,826) 75,596 ------------------------------------------------------ Fuel (39,501) 9,831 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (27,605) 6,431 Maintenance Depreciation and decommissioning (62,657) 9,777 Income taxes (4,292) 11,206 Property and other taxes ------------------------------------------------------ Total operating expenses (134,055) 37,245 ------------------------------------------------------ Operating income (115,771) 38,351 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (19,170) 623 Minority interest 36,696 Taxes on nonoperating income 6,901 (224) Other - net ------------------------------------------------------ Total other income (deductions) - net 24,427 399 ------------------------------------------------------ Income before interest and other expenses (91,344) 38,750 ------------------------------------------------------ Interest on long-term debt Other interest expense (74,129) 22,543 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (74,129) 22,543 ------------------------------------------------------ NET INCOME (17,215) 16,207 Retained Earnings - beginning of year (27,097) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($44,312) $16,207 ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited Energy Capital Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Enerloy Capital Consolidating Pty Ltd. Partnership Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships $817,131 ($817,131) and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 817,131 (817,131) ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $817,131 ($817,131) ======================================================
PAGE 631 MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited Energy Capital Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Capital Partnership Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
PAGE 632 MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited Energy Capital Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Enerloy Capital Consolidating Pty Ltd. Partnership Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $817,131 ($817,131) Additional Paid in Capital Cumulative Translation Adjustments, Net (6,635) $6,635 Retained earnings 53,321 (53,321) ------------------------------------------------------ 863,817 (46,686) (817,131) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (817,131) 810,838 6,293 ------------------------------------------------------ Total capitalization 46,686 764,152 (810,838) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 (6,293) Short-term debt Accounts payable (46,686) 46,333 353 Accrued taxes Accrued interest 353 (353) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (46,686) 52,979 (6,293) ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $817,131 ($817,131) ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited Energy Capital Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Capital Partnership Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Cumulative Translation Adjustments, Net Retained earnings ------------------------------------------------------ Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holding Limited Energy Capital Partnership Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Energy Enerloy Capital Consolidating Pty Ltd. Partnership Adjustments ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt ($53,321) $53,321 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (53,321) 53,321 ------------------------------------------------------ NET INCOME 53,321 (53,321) Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $53,321 ($53,321) ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited Energy Capital Partnership Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Energy Capital Partnership Consolidated ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited First Hydro Holdings Company Consolidating Balance Sheet December 31, 1997 (In thousands)
First First Hydro Hydro First Holdings Finance Hydro Company plc Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $17,139 $173 $796,466 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 994,949 10,050 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,012,088 10,223 796,466 ------------------------------------------------------ Cash and equivalents 232 60,265 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,977 26,565 34,951 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,843 ------------------------------------------------------ Total current assets 6,209 26,565 101,059 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 33 ------------------------------------------------------ Total deferred charges 33 ------------------------------------------------------ TOTAL ASSETS $1,018,297 $36,788 $897,558 ======================================================
PAGE 637 MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited First Hydro Holdings Company Consolidating Balance Sheet December 31, 1997 (In thousands)
First Hydro First Holdings Hydro Consolidating Company Company Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $796,466 ($522,584) $1,087,660 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (1,092,414) (87,415) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 796,466 (1,614,998) 1,000,245 ------------------------------------------------------ Cash and equivalents 60,265 (54,875) 65,887 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 34,951 (61,708) 40,736 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,843 (5,843) 5,843 ------------------------------------------------------ Total current assets 101,059 (122,426) 112,466 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 33 312,573 312,639 ------------------------------------------------------ Total deferred charges 33 312,573 312,639 ------------------------------------------------------ TOTAL ASSETS $897,558 ($1,424,851) $1,425,350 ======================================================
PAGE 638 MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited First Hydro Holdings Company Consolidating Balance Sheet December 31, 1997 (In thousands)
First First Hydro Hydro First Holdings Finance Hydro Company plc Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $181,987 $19 $171,313 Additional Paid in Capital 498,759 Cumulative Translation Adjustments, Net (51,906) (363) 11,000 Retained earnings (24,882) 26,691 151,810 ------------------------------------------------------ 105,199 26,347 832,882 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 889,153 10,412 (10,412) ------------------------------------------------------ Total capitalization 994,352 36,759 822,470 ------------------------------------------------------ Other long-term liabilities 32,598 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (642) 29 13,655 Accrued taxes 29,400 Accrued interest 24,587 3 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 23,945 29 43,058 ------------------------------------------------------ Accumulated deferred income taxes - net (568) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (568) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,018,297 $36,788 $897,558 ======================================================
MEC International Holdings B.V. MEC Wales B.V. EME Generation Holdings Limited First Hydro Holdings Company Consolidating Balance Sheet December 31, 1997 (In thousands)
First Hydro First Holdings Hydro Consolidating Company Company Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $171,313 ($220,280) $304,352 Additional Paid in Capital 498,759 (997,518) Cumulative Translation Adjustments, Net 11,000 58,401 28,132 Retained earnings 151,810 (265,066) 40,363 ------------------------------------------------------ 832,882 (1,424,463) 372,847 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (10,412) (221,661) 657,080 ------------------------------------------------------ Total capitalization 822,470 (1,646,124) 1,029,927 ------------------------------------------------------ Other long-term liabilities 32,598 (32,598) 32,598 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 13,655 (13,654) 13,043 Accrued taxes 29,400 (29,400) 29,400 Accrued interest 3 (3) 24,590 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 43,058 (43,057) 67,033 ------------------------------------------------------ Accumulated deferred income taxes - net (568) 296,928 295,792 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (568) 296,928 295,792 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $897,558 ($1,424,851) $1,425,350 ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited First Hydro Holdings Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
First First Hydro Hydro First Holdings Finance Hydro Company plc Company ============================================================================================================ Electric utility revenue $324,430 Diversified operations ------------------------------------------------------ Total operating revenue 324,430 ------------------------------------------------------ Fuel 81,865 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $820 ($657) 66,490 Maintenance Depreciation and decommissioning 26,415 Income taxes (273) (19,546) 9,002 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 547 (20,203) 200,246 ------------------------------------------------------ Operating income (547) 20,203 124,184 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,082 59,142 3,589 Minority interest Taxes on nonoperating income (336) (18,334) (1,113) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 746 40,808 2,477 ------------------------------------------------------ Income before interest and other expenses 199 61,011 126,661 ------------------------------------------------------ Interest on long-term debt 59,091 59,772 Other interest expense 3 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 59,091 59,772 3 ------------------------------------------------------ NET INCOME (58,892) 1,239 126,658 Retained Earnings - beginning of year 34,010 25,452 120,935 Dividends declared on common stock (95,783) ------------------------------------------------------ Retained Earnings - end of year ($24,882) $26,691 $151,810 ======================================================
MEC International B.V. MEC Wales B.V. EME Generation Holdings Limited First Hydro Holdings Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
First Hydro First Holdings Hydro Consolidating Company Company Adjustments Consolidated ============================================================================================================ Electric utility revenue $324,430 ($324,430) $324,430 Diversified operations ------------------------------------------------------ Total operating revenue 324,430 (324,430) 324,430 ------------------------------------------------------ Fuel 81,865 (81,865) 81,865 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 66,490 (66,493) 66,650 Maintenance Depreciation and decommissioning 26,415 (26,415) 26,415 Income taxes 9,002 10,682 8,867 Property and other taxes 16,474 (16,474) 16,474 ------------------------------------------------------ Total operating expenses 200,246 (180,565) 200,271 ------------------------------------------------------ Operating income 124,184 (143,865) 124,159 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 3,589 (63,406) 3,996 Minority interest Taxes on nonoperating income (1,113) 19,657 (1,239) Other - net 1 (1) 1 ------------------------------------------------------ Total other income (deductions) - net 2,477 (43,750) 2,758 ------------------------------------------------------ Income before interest and other expenses 126,661 (187,615) 126,917 ------------------------------------------------------ Interest on long-term debt (59,772) 59,091 Other interest expense 3 (3) 3 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 3 (59,775) 59,094 ------------------------------------------------------ NET INCOME 126,658 (127,840) 67,823 Retained Earnings - beginning of year 120,935 (233,008) 68,324 Dividends declared on common stock (95,783) 95,782 (95,784) ------------------------------------------------------ Retained Earnings - end of year $151,810 ($265,066) $40,363 ======================================================
PAGE MEC International B.V. Hydro Energy B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Iberica Hydro de Energias Energy S.A. Consolidating B.V. Consolidated Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $109,326 $9,943 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $34,313 9 (34,313) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 34,313 109,335 (24,370) ------------------------------------------------------ Cash and equivalents 1 6,371 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,354 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1,469 ------------------------------------------------------ Total current assets 1 13,194 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,812 ------------------------------------------------------ Total deferred charges 6,812 ------------------------------------------------------ TOTAL ASSETS $34,314 $129,341 ($24,370) ======================================================
MEC International B.V. Hydro Energy B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Hydro Energy B.V. Consolidated =========================================================================================================== ASSETS =========================================================================================================== Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $119,269 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 9 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 119,278 ------------------------------------------------------ Cash and equivalents 6,372 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,354 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1,469 ------------------------------------------------------ Total current assets 13,195 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,812 ------------------------------------------------------ Total deferred charges 6,812 ------------------------------------------------------ TOTAL ASSETS $139,285 ======================================================
MEC International B.V. Iberica de Energias, S.A. Consolidating Balance Sheet December 31, 1997 (In thousands)
Electro Iberica Metalurgica de Energias del Ebro, Consolidating S.A. S.A. Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $55,928 $7,209 $46,189 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 3,713 2 (3,706) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 59,641 7,211 42,483 ------------------------------------------------------ Cash and equivalents 3,794 2,576 1 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 4,606 1,178 (430) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 574 894 1 ------------------------------------------------------ Total current assets 8,974 4,648 (428) ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 9,484 53,064 (55,736) ------------------------------------------------------ Total deferred charges 9,484 53,064 (55,736) ------------------------------------------------------ TOTAL ASSETS $78,099 $64,923 ($13,681) ======================================================
MEC International B.V. Iberica de Energias S.A. Consolidating Balance Sheet December 31, 1997 (In thousands)
Iberica de Energias S.A. Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $109,326 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 9 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 109,335 ------------------------------------------------------ Cash and equivalents 6,371 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,354 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1,469 ------------------------------------------------------ Total current assets 13,194 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,812 ------------------------------------------------------ Total deferred charges 6,812 ------------------------------------------------------ TOTAL ASSETS $129,341 ======================================================
MEC International B.V. Iberian Hy-Power Amsterdam B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Iberian Hydro Hy-Power Energy Amsterdam Aprohiso B.V. B.V. S.A. Consolidated ============================================================================================================ ASSETS (Inactive) ============================================================================================================ C> Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $119,269 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $9,377 9 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 9,377 119,278 ------------------------------------------------------ Cash and equivalents 312 6,372 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,354 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1,469 ------------------------------------------------------ Total current assets 312 13,195 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 1,762 6,812 ------------------------------------------------------ Total deferred charges 1,762 6,812 ------------------------------------------------------ TOTAL ASSETS $11,451 $139,285 ======================================================
MEC International B.V. Iberian Hy-Power Amsterdam B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Iberian Saltos Hy-Power del Porma, Consolidating Amsterdam B.V. S.A. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $12,962 $132,231 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $5 (9,391) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 5 3,571 132,231 ------------------------------------------------------ Cash and equivalents 1 6,685 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 81 (81) 5,354 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1 (1) 1,469 ------------------------------------------------------ Total current assets 83 (82) 13,508 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 2,318 (2,319) 8,573 ------------------------------------------------------ Total deferred charges 2,318 (2,319) 8,573 ------------------------------------------------------ TOTAL ASSETS $2,406 $1,170 $154,312 ======================================================
Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Iberica Hydro de Energias Energy S.A. Consolidating B.V. Consolidated Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $109,326 $9,943 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $34,313 9 (34,313) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 34,313 109,335 (24,370) ------------------------------------------------------ Cash and equivalents 1 6,371 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,354 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1,469 ------------------------------------------------------ Total current assets 1 13,194 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,812 ------------------------------------------------------ Total deferred charges 6,812 ------------------------------------------------------ TOTAL ASSETS $34,314 $129,341 ($24,370) ======================================================
Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Hydro Energy B.V. Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $119,269 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 9 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 119,278 ------------------------------------------------------ Cash and equivalents 6,372 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,354 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1,469 ------------------------------------------------------ Total current assets 13,195 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,812 ------------------------------------------------------ Total deferred charges 6,812 ------------------------------------------------------ TOTAL ASSETS $139,285 ======================================================
Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Iberica de Energias, S.A. Consolidating Balance Sheet December 31, 1997 (In thousands)
Electro Iberica Metalurgica de Energias, del Ebro, Consolidating S.A. S.A. Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $55,928 $7,209 $46,189 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 3,713 2 (3,706) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 59,641 7,211 42,483 ------------------------------------------------------ Cash and equivalents 3,794 2,576 1 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 4,606 1,178 (430) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 574 894 1 ------------------------------------------------------ Total current assets 8,974 4,648 (428) ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 9,484 53,064 (55,736) ------------------------------------------------------ Total deferred charges 9,484 53,064 (55,736) ------------------------------------------------------ TOTAL ASSETS $78,099 $64,923 ($13,681) ======================================================
Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Iberica de Energias, S.A. Consolidating Balance Sheet December 31, 1997 (In thousands)
Iberica de Energias S.A. Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $109,326 Nuclear decommissioning trusts Investments in partnerships 9 and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 109,335 ------------------------------------------------------ Cash and equivalents 6,371 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,354 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1,469 ------------------------------------------------------ Total current assets 13,194 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,812 ------------------------------------------------------ Total deferred charges 6,812 ------------------------------------------------------ TOTAL ASSETS $129,341 ======================================================
MEC International B.V. Hydro Energy B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Iberica Hydro de Energias, Energy S.A. Consolidating B.V. Consolidated Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $25 $23,749 ($23,749) Additional Paid in Capital Cumulative Translation Adjustments, Net (2,743) (1) Retained earnings (304) (5,524) ------------------------------------------------------ (279) 15,482 (23,750) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 34,592 98,866 (621) ------------------------------------------------------ Total capitalization 34,313 114,348 (24,371) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 8,172 Short-term debt Accounts payable 21 3,437 1 Accrued taxes (20) 566 Accrued interest 242 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1 12,417 1 ------------------------------------------------------ Accumulated deferred income taxes - net 2,339 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 2,339 ------------------------------------------------------ Minority interest 237 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $34,314 $129,341 ($24,370) ======================================================
MEC International B.V. Hydro Energy B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Hydro Energy B.V. Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $25 Additional Paid in Capital Cumulative Translation Adjustments, Net (2,744) Retained earnings (5,828) ------------------------------------------------------ (8,547) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 132,837 ------------------------------------------------------ Total capitalization 124,290 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 8,172 Short-term debt Accounts payable 3,459 Accrued taxes 546 Accrued interest 242 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 12,419 ------------------------------------------------------ Accumulated deferred income taxes - net 2,339 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 2,339 ------------------------------------------------------ Minority interest 237 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $139,285 ======================================================
MEC International B.V. Iberica de Energias, S.A. Consolidating Balance Sheet December 31, 1997 (In thousands)
Electro Iberica Metalurgica de Engergias, del Ebro, Consolidating S.A. S.A. Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $24,832 $72 ($1,155) Additional Paid in Capital 1,902 25 (1,927) Cumulative Translation Adjustments, Net (11,181) 242 8,196 Retained earnings 12,200 2,134 (19,858) ------------------------------------------------------ 27,753 2,473 (14,744) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 45,906 52,534 426 ------------------------------------------------------ Total capitalization 73,659 55,007 (14,318) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 1,699 6,488 (15) Short-term debt Accounts payable 2,225 789 423 Accrued taxes 404 154 8 Accrued interest 112 82 48 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 4,440 7,513 464 ------------------------------------------------------ Accumulated deferred income taxes - net 2,172 167 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 2,172 167 ------------------------------------------------------ Minority interest 231 6 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $78,099 $64,923 ($13,681) ======================================================
MEC International B.V. Iberica de Energias, S.A. Consolidating Balance Sheet December 31, 1997 (In thousands)
Iberica de Energias S.A. Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $23,749 Additional Paid in Capital Cumulative Translation Adjustments, Net (2,743) Retained earnings (5,524) ------------------------------------------------------ 15,482 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 98,866 ------------------------------------------------------ Total capitalization 114,348 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 8,172 Short-term debt Accounts payable 3,437 Accrued taxes 566 Accrued interest 242 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 12,417 ------------------------------------------------------ Accumulated deferred income taxes - net 2,339 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 2,339 ------------------------------------------------------ Minority interest 237 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $129,341 ======================================================
MEC International B.V. Iberian Hy-Power Amsterdam B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Iberian Hydro Hy-Power Energy Amsterdam Aprohiso B.V. B.V. S.A. Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock $1,186 $25 Additional Paid in Capital 193 Cumulative Translation Adjustments, Net (2,744) Retained earnings 2,465 (5,828) ------------------------------------------------------ 3,844 (8,547) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 7,199 132,837 ------------------------------------------------------ Total capitalization 11,043 124,290 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 8,172 Short-term debt (572) Accounts payable 844 3,459 Accrued taxes 136 546 Accrued interest 242 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 408 12,419 ------------------------------------------------------ Accumulated deferred income taxes - net 2,339 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 2,339 ------------------------------------------------------ Minority interest 237 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $11,451 $139,285 ======================================================
MEC International B.V. Iberian Hy-Power Amsterdam B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Iberian Saltos Hy-Power de Porma, Consolidating Amsterdam B.V. S.A. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $826 ($2,537) ($500) Additional Paid in Capital 8,745 8,938 Cumulative Translation Adjustments, Net (169) 169 (2,744) Retained earnings (3,474) (6,837) ------------------------------------------------------ 657 2,903 (1,143) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 846 (847) 140,035 ------------------------------------------------------ Total capitalization 1,503 2,056 138,892 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 11 8,183 Short-term debt 542 30 Accounts payable 313 (879) 3,737 Accrued taxes 1 (1) 682 Accrued interest 47 (47) 242 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 903 (886) 12,844 ------------------------------------------------------ Accumulated deferred income taxes - net 2,339 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 2,339 ------------------------------------------------------ Minority interest 237 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,406 $1,170 $154,312 ======================================================
Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Iberica Hydro de Energias Energy S.A. Consolidating B.V. Consolidated Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $25 $23,749 ($23,749) Additional Paid in Capital Cumulative Translation Adjustments, Net (2,743) (1) Retained earnings (304) (5,524) ------------------------------------------------------ (279) 15,482 (23,750) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 34,592 98,866 (621) ------------------------------------------------------ Total capitalization 34,313 114,348 (24,371) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 8,172 Short-term debt Accounts payable 21 3,437 1 Accrued taxes (20) 566 Accrued interest 242 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1 12,417 1 ------------------------------------------------------ Accumulated deferred income taxes - net 2,339 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 2,339 ------------------------------------------------------ Minority interest 237 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $34,314 $129,341 ($24,370) ======================================================
Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Consolidating Balance Sheet December 31, 1997 (In thousands)
Hydro Energy B.V. Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $25 Additional Paid in Capital Cumulative Translation Adjustments, Net (2,744) Retained earnings (5,828) ------------------------------------------------------ (8,547) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 132,837 ------------------------------------------------------ Total capitalization 124,290 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 8,172 Short-term debt Accounts payable 3,459 Accrued taxes 546 Accrued interest 242 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 12,419 ------------------------------------------------------ Accumulated deferred income taxes - net 2,339 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 2,339 ------------------------------------------------------ Minority interest 237 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $139,285 ======================================================
Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Iberica de Energias, S.A. Consolidating Balance Sheet December 31, 1997 (In thousands)
Electro Iberica Metalurgica de Energias, del Ebro, Consolidating S.A. S.A. Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $24,832 $72 ($1,155) Additional Paid in Capital 1,902 25 (1,927) Cumulative Translation Adjustments, Net (11,181) 242 8,196 Retained earnings 12,200 2,134 (19,858) ------------------------------------------------------ 27,753 2,473 (14,744) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 45,906 52,534 426 ------------------------------------------------------ Total capitalization 73,659 55,007 (14,318) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 1,699 6,488 (15) Short-term debt Accounts payable 2,225 789 423 Accrued taxes 404 154 8 Accrued interest 112 82 48 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 4,440 7,513 464 ------------------------------------------------------ Accumulated deferred income taxes - net 2,172 167 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 2,172 167 ------------------------------------------------------ Minority interest 231 6 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $78,099 $64,923 ($13,681) ======================================================
Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Iberica de Energias, S.A. Consolidating Balance Sheet December 31, 1997 (In thousands)
Iberica de Energias S.A. Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $23,749 Additional Paid in Capital Cumulative Translation Adjustments, Net (2,743) Retained earnings (5,524) ------------------------------------------------------ 15,482 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 98,866 ------------------------------------------------------ Total capitalization 114,348 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 8,172 Short-term debt Accounts payable 3,437 Accrued taxes 566 Accrued interest 242 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 12,417 ------------------------------------------------------ Accumulated deferred income taxes - net 2,339 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 2,339 ------------------------------------------------------ Minority interest 237 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $129,341 ======================================================
MEC International B.V. Hydro Energy B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Iberica Hydro del Energias, Energy S.A. Consolidating B.V. Consolidated Adjustments ============================================================================================================ Electric utility revenue $24,801 Diversified operations ------------------------------------------------------ Total operating revenue 24,801 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $22 3,386 Maintenance Depreciation and decommissioning 3,097 Income taxes (36) 1,998 Property and other taxes 108 ------------------------------------------------------ Total operating expenses (14) 8,589 ------------------------------------------------------ Operating income 14 16,212 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,349 Minority Interest (236) Taxes on nonoperating income (472) Other - net 30 (5,717) ------------------------------------------------------ Total other income (deductions) - net 30 (5,076) ------------------------------------------------------ Income before interest and other expenses 44 11,136 ------------------------------------------------------ Interest on long-term debt 78 11,484 Other interest expense 786 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 78 12,270 ------------------------------------------------------ NET INCOME (34) (1,134) Retained Earnings - beginning of year (270) 5,053 Dividends declared on common stock (9,443) ------------------------------------------------------ Retained Earnings - end of year ($304) ($5,524) ======================================================
MEC International B.V. Hydro Energy B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Hydro Energy B.V. Consolidated ============================================================================================================ Electric utility revenue $24,801 Diversified operations ------------------------------------------------------ Total operating revenue 24,801 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3,408 Maintenance Depreciation and decommissioning 3,097 Income taxes 1,962 Property and other taxes 108 ------------------------------------------------------ Total operating expenses 8,575 ------------------------------------------------------ Operating income 16,226 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,349 Minority Interest (236) Taxes on nonoperating income (472) Other - net (5,687) ------------------------------------------------------ Total other income (deductions) - net (5,046) ------------------------------------------------------ Income before interest and other expenses 11,180 ------------------------------------------------------ Interest on long-term debt 11,562 Other interest expense 786 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 12,348 ------------------------------------------------------ NET INCOME (1,168) Retained Earnings - beginning of year 4,783 Dividends declared on common stock (9,443) ------------------------------------------------------ Retained Earnings - end of year ($5,828) ======================================================
PAGE 662 Hydro Energy B.V. Iberica de Energias, S.A. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Electro Iberica Metalurgica de Energias, del Ebro, Consolidating S.A. S.A. Adjustments ============================================================================================================ Electric utility revenue $11,887 $10,175 $2,739 Diversified operations 691 (691) ------------------------------------------------------ Total operating revenue 12,578 10,175 2,048 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,482 1,637 (733) Maintenance Depreciation and decommissioning 1,760 2,088 (751) Income taxes 257 (984) 2,725 Property and other taxes 52 56 ------------------------------------------------------ Total operating expenses 4,551 2,797 1,241 ------------------------------------------------------ Operating income 8,027 7,378 807 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 534 816 (1) Minority Interest (236) Taxes on nonoperating income (187) (285) Other - net (835) 1,335 (6,217) ------------------------------------------------------ Total other income (deductions) - net (488) 1,630 (6,218) ------------------------------------------------------ Income before interest and other expenses 7,539 9,008 (5,411) ------------------------------------------------------ Interest on long-term debt 3,936 6,519 1,029 Other interest expense 786 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 3,936 6,519 1,815 ------------------------------------------------------ NET INCOME 3,603 2,489 (7,226) Retained Earnings - beginning of year 8,597 (355) (3,189) Dividends declared on common stock (9,443) ------------------------------------------------------ Retained Earnings - end of year $12,200 $2,134 ($19,858) ======================================================
MEC International B.V. Iberica de Energias, S.A. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Iberica de Energias, S.A. Consolidated ============================================================================================================ Electric utility revenue $24,801 Diversified operations ------------------------------------------------------ Total operating revenue 24,801 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3,386 Maintenance Depreciation and decommissioning 3,097 Income taxes 1,998 Property and other taxes 108 ------------------------------------------------------ Total operating expenses 8,589 ------------------------------------------------------ Operating income 16,212 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,349 Minority Interest (236) Taxes on nonoperating income (472) Other - net (5,717) ------------------------------------------------------ Total other income (deductions) - net (5,076) ------------------------------------------------------ Income before interest and other expenses 11,136 ------------------------------------------------------ Interest on long-term debt 11,484 Other interest expense 786 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 12,270 ------------------------------------------------------ NET INCOME (1,134) Retained Earnings - beginning of year 5,053 Dividends declared on common stock (9,443) ------------------------------------------------------ Retained Earnings - end of year ($5,524) ======================================================
MEC International B.V. Iberian Hy-Power Amsterdam B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Iberian Hydro Hy-Power Energy Amsterdam Aprohiso B.V. B.V. S.A. Consolidated ============================================================================================================ (Inactive) Electric utility revenue $24,801 Diversified operations ------------------------------------------------------ Total operating revenue 24,801 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $28 3,408 Maintenance Depreciation and decommissioning 228 3,097 Income taxes (726) 1,962 Property and other taxes 108 ------------------------------------------------------ Total operating expenses (470) 8,575 ------------------------------------------------------ Operating income 470 16,226 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,377 1,349 Minority Interest (236) Taxes on nonoperating income (482) (472) Other - net 722 (5,687) ------------------------------------------------------ Total other income (deductions) - net 1,617 (5,046) ------------------------------------------------------ Income before interest and other expenses 2,087 11,180 ------------------------------------------------------ Interest on long-term debt 1,856 11,562 Other interest expense 786 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 1,856 12,348 ------------------------------------------------------ NET INCOME 231 (1,168) Retained Earnings - beginning of year 2,234 4,783 Dividends declared on common stock (9,443) ------------------------------------------------------ Retained Earnings - end of year $2,465 ($5,828) ======================================================
MEC International B.V. Iberian Hy-Power Amsterdam B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Iberian Saltos Hy-Power del Porma, Consolidating Amsterdam B.V. S.A. Adjustments Consolidated ============================================================================================================ Electric utility revenue $24,801 Diversified operations ------------------------------------------------------ Total operating revenue 24,801 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3,436 Maintenance Depreciation and decommissioning $1 3,326 Income taxes 1,236 Property and other taxes 108 ------------------------------------------------------ Total operating expenses 1 8,106 ------------------------------------------------------ Operating income (1) 16,695 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2,726 Minority Interest (236) Taxes on nonoperating income (954) Other - net 1 (4,964) ------------------------------------------------------ Total other income (deductions) - net 1 (3,428) ------------------------------------------------------ Income before interest and other expenses 13,267 ------------------------------------------------------ Interest on long-term debt 13,418 Other interest expense 786 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 14,204 ------------------------------------------------------ NET INCOME (937) Retained Earnings - beginning of year (3,476) 3,541 Dividends declared on common stock 2 (9,441) ------------------------------------------------------ Retained Earnings - end of year ($3,474) ($6,837) ======================================================
Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Iberica Hydro de Energias, Energy S.A. Consolidating B.V. Consolidated Adjustments ============================================================================================================ Electric utility revenue $24,801 Diversified operations ------------------------------------------------------ Total operating revenue 24,801 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $22 3,386 Maintenance Depreciation and decommissioning 3,097 Income taxes (36) 1,998 Property and other taxes 108 ------------------------------------------------------ Total operating expenses (14) 8,589 ------------------------------------------------------ Operating income 14 16,212 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,349 Minority Interest (236) Taxes on nonoperating income (472) Other - net 30 (5,717) ------------------------------------------------------ Total other income (deductions) - net 30 (5,076) ------------------------------------------------------ Income before interest and other expenses 44 11,136 ------------------------------------------------------ Interest on long-term debt 78 11,484 Other interest expense 786 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 78 12,270 ------------------------------------------------------ NET INCOME (34) (1,134) Retained Earnings - beginning of year (270) 5,053 Dividends declared on common stock (9,443) ------------------------------------------------------ Retained Earnings - end of year ($304) ($5,524) ======================================================
Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Hydro Energy B.V. Consolidated ============================================================================================================ Electric utility revenue $24,801 Diversified operations ------------------------------------------------------ Total operating revenue 24,801 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3,408 Maintenance Depreciation and decommissioning 3,097 Income taxes 1,962 Property and other taxes 108 ------------------------------------------------------ Total operating expenses 8,575 ------------------------------------------------------ Operating income 16,226 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,349 Minority Interest (236) Taxes on nonoperating income (472) Other - net (5,687) ------------------------------------------------------ Total other income (deductions) - net (5,046) ------------------------------------------------------ Income before interest and other expenses 11,180 ------------------------------------------------------ Interest on long-term debt 11,562 Other interest expense 786 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 12,348 ------------------------------------------------------ NET INCOME (1,168) Retained Earnings - beginning of year 4,783 Dividends declared on common stock (9,443) ------------------------------------------------------ Retained Earnings - end of year ($5,828) ======================================================
Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Iberica de Energias, S.A. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Electro Iberica Metalurgica de Energias, del Ebro, Consolidating S.A. S.A. Adjustments ============================================================================================================ Electric utility revenue $11,887 $10,175 $2,739 Diversified operations 691 (691) ------------------------------------------------------ Total operating revenue 12,578 10,175 2,048 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,482 1,637 (733) Maintenance Depreciation and decommissioning 1,760 2,088 (751) Income taxes 257 (984) 2,725 Property and other taxes 52 56 ------------------------------------------------------ Total operating expenses 4,551 2,797 1,241 - ------------------------------------------------------ Operating income 8,027 7,378 807 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 534 816 (1) Minority Interest (236) Taxes on nonoperating income (187) (285) Other - net (835) 1,335 (6,217) ------------------------------------------------------ Total other income (deductions) - net (488) 1,630 (6,218) ------------------------------------------------------ Income before interest and other expenses 7,539 9,008 (5,411) ------------------------------------------------------ Interest on long-term debt 3,936 6,519 1,029 Other interest expense 786 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 3,936 6,519 1,815 ------------------------------------------------------ NET INCOME 3,603 2,489 (7,226) Retained Earnings - beginning of year 8,597 (355) (3,189) Dividends declared on common stock (9,443) ------------------------------------------------------ Retained Earnings - end of year $12,200 $2,134 ($19,858) ======================================================
Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Iberica de Energias, S.A. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Iberica de Energias, S.A. Consolidated ============================================================================================================ Electric utility revenue $24,801 Diversified operations ------------------------------------------------------ Total operating revenue 24,801 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3,386 Maintenance Depreciation and decommissioning 3,097 Income taxes 1,998 Property and other taxes 108 ------------------------------------------------------ Total operating expenses 8,589 ------------------------------------------------------ Operating income 16,212 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,349 Minority Interest (236) Taxes on nonoperating income (472) Other - net (5,717) ------------------------------------------------------ Total other income (deductions) - net (5,076) ------------------------------------------------------ Income before interest and other expenses 11,136 ------------------------------------------------------ Interest on long-term debt 11,484 Other interest expense 786 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 12,270 ------------------------------------------------------ NET INCOME (1,134) Retained Earnings - beginning of year 5,053 Dividends declared on common stock (9,443) ------------------------------------------------------ Retained Earnings - end of year ($5,524) ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission Mission Energy Energy Latrobe Ventures Holdings Power Australia Pty Ltd Pty. Ltd. Pty. Ltd. Consolidated Consolidated Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $563 $734,592 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 241 $2,167 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 804 734,592 2,167 ---------------------------------------------------- Cash and equivalents 3,961 4,446 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 23 4,206 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 60 160 ---------------------------------------------------- Total current assets 4,044 8,812 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 405 6,230 ---------------------------------------------------- Total deferred charges 405 6,230 ---------------------------------------------------- TOTAL ASSETS $5,253 $749,634 $2,167 ====================================================
PAGE 671 MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Traralgon Power Loy Yang Pty. Ltd. Holdings Consolidating Consolidated Pty. Ltd. Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation ($734,592) Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $93,030 (93,030) Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 93,030 (827,622) ---------------------------------------------------- Cash and equivalents (4,446) Receivables, including unbilled revenue, net of allowance for uncollectible accounts (4,206) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (160) ---------------------------------------------------- Total current assets (8,812) ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (6,230) ---------------------------------------------------- Total deferred charges (6,230) ---------------------------------------------------- TOTAL ASSETS $93,030 ($842,664) ====================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Loy Yang Holdings Pty. Ltd. Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $563 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 2,408 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 2,971 ---------------------------------------------------- Cash and equivalents 3,961 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 23 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 60 ---------------------------------------------------- Total current assets 4,044 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 405 ---------------------------------------------------- Total deferred charges 405 ---------------------------------------------------- TOTAL ASSETS $7,420 ====================================================
PAGE 673 MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission Mission Energy Energy Latrobe Ventures Holdings Power Australia Pty Ltd Pty. Ltd. Pty. Ltd. Consolidated Consolidated Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($43,125) Additional Paid in Capital 78,353 Cumulative Translation Adjustments, Net ($985) (36,073) ($474) Retained earnings 11,079 18,412 397 ------------------------------------------------------ 10,094 17,567 (77) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 734 515,644 2,850 ------------------------------------------------------ Total capitalization 10,828 533,211 2,773 ------------------------------------------------------ Other long-term liabilities (1,132) ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable (7,651) (268,866) (639) Accrued taxes 2,021 26,222 507 Accrued interest 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (5,630) (242,291) (132) ------------------------------------------------------ Accumulated deferred income taxes - net 55 357,392 (474) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 55 357,392 (474) ------------------------------------------------------ Minority interest 102,454 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $5,253 $749,634 $2,167 ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Traralgon Power Loy Yang Pty. Ltd. Holdings Consolidated Consolidated Pty. Ltd. Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $43,125 Additional Paid in Capital (78,353) Cumulative Translation Adjustments, Net ($20,793) 56,866 Retained earnings 9,695 (28,107) ------------------------------------------------------ (11,098) (6,469) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 133,068 (648,712) ------------------------------------------------------ Total capitalization 121,970 (655,181) ------------------------------------------------------ Other long-term liabilities 1,132 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (10,124) 278,990 Accrued taxes (26,222) Accrued interest (353) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (10,124) 252,415 ------------------------------------------------------ Accumulated deferred income taxes - net (18,816) (338,576) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (18,816) (338,576) ------------------------------------------------------ Minority interest (102,454) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $93,030 ($842,664) ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Loy Yang Holdings Pty. Ltd. Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Cumulative Translation Adjustments, Net ($1,459) Retained earnings 11,476 ------------------------------------------------------ 10,017 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 3,584 ------------------------------------------------------ Total capitalization 13,601 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (8,290) Accrued taxes 2,528 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (5,762) ------------------------------------------------------ Accumulated deferred income taxes - net (419) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (419) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $7,420 ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Mission Mission Energy Energy Latrobe Ventures Holdings Power Australia Pty Ltd. Pty. Ltd. Pty. Ltd. Consolidated Consolidated Consolidated ============================================================================================================ Electric utility revenue $175,511 Diversified operations $15,824 ------------------------------------------------------ Total operating revenue 15,824 175,511 ------------------------------------------------------ Fuel 29,670 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 14,793 21,173 $6 Maintenance Depreciation and decommissioning 145 52,880 Income taxes 320 6,914 6 Property and other taxes ------------------------------------------------------ Total operating expenses 15,258 110,637 12 ------------------------------------------------------ Operating income 566 64,874 (12) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 242 15,911 57 Minority interest (36,696) Taxes on nonoperating income (86) 8,074 (13) Other - net 4,945 ------------------------------------------------------ Total other income (deductions) - net 5,101 (12,711) 44 ------------------------------------------------------ Income before interest and other expenses 5,667 52,163 32 ------------------------------------------------------ Interest on long-term debt 74,129 Other interest expense (22,543) Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 51,586 ------------------------------------------------------ NET INCOME 5,667 577 32 Retained Earnings - beginning of year 5,412 17,835 365 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $11,079 $18,412 $397 ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Traralgon Power Loy Yang Pty. Ltd. Holdings Consolidating Consolidated Pty. Ltd. Adjustments ============================================================================================================ Electric utility revenue ($1,281) ($174,230) Diversified operations ------------------------------------------------------ Total operating revenue (1,281) (174,230) ------------------------------------------------------ Fuel (29,670) Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (21,173) Maintenance Depreciation and decommissioning (52,880) Income taxes (26) (6,888) Property and other taxes ------------------------------------------------------ Total operating expenses (26) (110,611) ------------------------------------------------------ Operating income (1,255) (63,619) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2,636 (18,548) Minority interest 36,696 Taxes on nonoperating income (949) (7,125) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 1,687 11,024 ------------------------------------------------------ Income before interest and other expenses 432 (52,595) ------------------------------------------------------ Interest on long-term debt (74,129) Other interest expense 22,543 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (51,586) ------------------------------------------------------ NET INCOME 432 (1,009) Retained Earnings - beginning of year 9,262 (27,097) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $9,695 ($28,106) ======================================================
PAGE 678 MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Loy Yang Holdings Pty. Ltd. Consolidated ============================================================================================================ Electric utility revenue Diversified operations $15,824 ------------------------------------------------------ Total operating revenue 15,824 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 14,799 Maintenance Depreciation and decommissioning 145 Income taxes 326 Property and other taxes ------------------------------------------------------ Total operating expenses 15,270 ------------------------------------------------------ Operating income 554 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 298 Minority interest Taxes on nonoperating income (99) Other - net 4,946 ------------------------------------------------------ Total other income (deductions) - net 5,145 ------------------------------------------------------ Income before interest and other expenses 5,699 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 5,699 Retained Earnings - beginning of year 5,777 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $11,476 ======================================================
MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Edison Mission Mission Mission Energy Operation & Operation & Australia Maintenance Management Ltd Kwinana Loy Yang Consolidated Pty. Ltd. Pty. Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $5 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 5 ---------------------------------------------------- Cash and equivalents 1,282 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ---------------------------------------------------- Total current assets 1,282 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ---------------------------------------------------- Total deferred charges ---------------------------------------------------- TOTAL ASSETS $1,287 ====================================================
PAGE 680 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Energy Mission Holdings Energy Kwinana Superannuation (Kwinana) Power Fund Pty. Ltd Pty. Ltd. Partnership ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated $83,605 provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $236 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 236 83,605 ---------------------------------------------------- Cash and equivalents 3,550 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2,389 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 16 ---------------------------------------------------- Total current assets 5,955 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 7,373 ---------------------------------------------------- Total deferred charges 7,373 ---------------------------------------------------- TOTAL ASSETS $236 $96,933 ====================================================
PAGE 681 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Mission Mission Energy Energy Holdings Holdings Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $563 ($83,605) $563 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 241 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 563 (83,605) 804 ---------------------------------------------------- Cash and equivalents 2,679 (3,550) 3,961 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 23 (2,389) 23 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 60 (16) 60 ---------------------------------------------------- Total current assets 2,762 (5,955) 4,044 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 405 (7,373) 405 ---------------------------------------------------- Total deferred charges 405 (7,373) 405 ---------------------------------------------------- TOTAL ASSETS $3,730 ($96,933) $5,253 ====================================================
MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In Thousands)
Edison Edison Edison Mission Mission Mission Energy Operation & Operation & Australia Maintenance Management Ltd Kwinana Loy Yang Consolidated Pty. Ltd. Pty. Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Cumulative Translation Adjustment, Net ($97) ($65) ($893) Retained earnings 506 331 4,577 ------------------------------------------------------ 409 266 3,684 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 409 266 3,684 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 730 (385) (4,192) Accrued taxes 119 508 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 730 ($266) ($3,684) ------------------------------------------------------ Accumulated deferred income taxes - net 148 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 148 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,287 ======================================================
MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Energy Mission Holdings Energy Kwinana Superannuation (Kwinana) Power Fund Pty. Ltd. Pty. Ltd. Partnership ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $24,254 Cumulative Translation Adjustments, Net ($6) (4,325) Retained earnings 33 5,402 ------------------------------------------------------ 27 25,331 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 193 64,551 ------------------------------------------------------ Total capitalization 220 89,882 ------------------------------------------------------ Other long-term liabilities 467 ------------------------------------------------------ Current portion of long-term debt And redeemable preferred stock 2,628 Short-term debt Accounts payable (2,566) Accrued taxes Accrued interest 3,222 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 3,284 ------------------------------------------------------ Accumulated deferred income taxes - net 16 Accumulated deferred investment tax credits Customer advances and other deferred credits 3,300 ------------------------------------------------------ Total deferred credits 16 3,300 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $236 $96,933 ======================================================
MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Edison Mission Mission Energy Energy Holdings Holdings Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital ($24,254) Cumulative Translation Adjustments, Net $75 4,326 ($985) Retained earnings 5,632 (5,402) 11,079 ------------------------------------------------------ 5,707 (25,330) 10,094 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 541 (64,551) 734 ------------------------------------------------------ Total capitalization 6,248 (89,881) 10,828 ------------------------------------------------------ Other long-term liabilities (467) ------------------------------------------------------ Current portion of long-term debt And redeemable preferred stock (2,628) Short-term debt Accounts payable (3,803) 2,565 (7,651) Accrued taxes 1,394 2,021 Accrued interest (3,222) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (2,409) (3,285) (5,630) ------------------------------------------------------ Accumulated deferred income taxes - net (109) 55 Accumulated deferred investment tax credits Customer advances and other deferred credits (3,300) ------------------------------------------------------ Total deferred credits (109) (3,300) 55 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $3,730 ($96,933) $5,253 ======================================================
MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Edison Edison Mission Mission Mission Energy Operation & Operation & Australia Maintenance Management Ltd Kwinana Loy Yang Consolidated Pty. Ltd. Pty. Ltd. ============================================================================================================ Electric utility revenue ($29) Diversified operations 392 $1,899 $12,403 ------------------------------------------------------ Total operating revenue 363 1,899 12,403 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 390 1,483 10,599 Maintenance Depreciation and decommissioning Income taxes 153 653 Property and other taxes ------------------------------------------------------ Total operating expenses 390 1,636 11,252 ------------------------------------------------------ Operating income (27) 263 1,151 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (27) 263 1,151 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (27) 263 1,151 Retained Earnings - beginning of year 533 68 3,426 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $506 $331 $4,577 ======================================================
MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Energy Mission Holdings Energy Kwinana Superannuation (Kwinana) Power Fund Pty. Ltd. Pty. Ltd. Partnership ============================================================================================================ Electric utility revenue $55 $46,078 Diversified operations ------------------------------------------------------ Total operating revenue 55 46,078 ------------------------------------------------------ Fuel 24,375 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 4,043 Maintenance Depreciation and decommissioning 4,216 Income taxes 21 (95) Property and other taxes ------------------------------------------------------ Total operating expenses 21 32,539 ------------------------------------------------------ Operating income 34 13,539 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 264 Minority interest Taxes on nonoperating income (95) Other - net ------------------------------------------------------ Total other income (deductions) - net 169 ------------------------------------------------------ Income before interest and other expenses 34 13,708 ------------------------------------------------------ Interest on long-term debt 8,092 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 8,092 ------------------------------------------------------ NET INCOME 34 5,616 Retained Earnings - beginning of year (1) (214) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $33 $5,402 ======================================================
MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Edison Mission Mission Energy Energy Holdings Holdings Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue ($26) ($46,078) Diversified operations 1,130 $15,824 ------------------------------------------------------ Total operating revenue 1,104 (46,078) 15,824 ------------------------------------------------------ Fuel (24,375) Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,322 (4,044) 14,793 Maintenance Depreciation and decommissioning 145 (4,216) 145 Income taxes (507) 95 320 Property and other taxes ------------------------------------------------------ Total operating expenses 1,960 (32,540) 15,258 ------------------------------------------------------ Operating income (856) (13,538) 566 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 242 (264) 242 Minority interest Taxes on nonoperating income (86) 95 (86) Other - net 4,946 (1) 4,945 ------------------------------------------------------ Total other income (deductions) - net 5,102 (170) 5,101 ------------------------------------------------------ Income before interest and other expenses 4,246 (13,708) 5,667 ------------------------------------------------------ Interest on long-term debt (8,092) Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (8,092) ------------------------------------------------------ NET INCOME 4,246 (5,616) 5,667 Retained Earnings - beginning of year 1,386 214 5,412 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $5,632 ($5,402) $11,079 ======================================================
PAGE 688 Loy Yang Holdings Pty. Ltd. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $734,592 $1,359,017 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $203,638 (309,119) Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 203,638 425,473 1,359,017 ---------------------------------------------------- Cash and equivalents 53 4,393 35,464 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 89 4,117 11,219 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 160 314 ---------------------------------------------------- Total current assets 142 8,670 46,997 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,230 14,498 ---------------------------------------------------- Total deferred charges 6,230 14,498 ---------------------------------------------------- TOTAL ASSETS $203,780 $440,373 $1,420,512 ====================================================
Loy Yang Holdings Pty. Ltd. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Latrobe Latrobe Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation ($1,359,017) $734,592 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $105,481 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 105,481 (1,359,017) 734,592 ---------------------------------------------------- Cash and equivalents (35,464) 4,446 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (11,219) 4,206 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (314) 160 ---------------------------------------------------- Total current assets (46,997) 8,812 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (14,498) 6,230 ---------------------------------------------------- Total deferred charges (14,498) 6,230 ---------------------------------------------------- TOTAL ASSETS $105,481 ($1,420,512) $749,634 ====================================================
PAGE 690 Loy Yang Holdings Pty. Ltd. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($43,125) Additional Paid in Capital $180,708 (102,355) $87,778 Cumulative Translation Adjustments, Net 36,677 (79,453) (58,596) Retained earnings 183 16,440 44,312 ------------------------------------------------------ 217,568 (208,493) 73,494 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 387,875 1,108,105 ------------------------------------------------------ Total capitalization 217,568 179,382 1,181,599 ------------------------------------------------------ Other long-term liabilities (1,132) ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 1,867 (234,812) (307,853) Accrued taxes 48,160 Accrued interest 353 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1,867 (234,459) (259,340) ------------------------------------------------------ Accumulated deferred income taxes - net (15,655) 394,128 (31,223) Accumulated deferred investment tax credits Customer advances and other deferred credits 529,476 ------------------------------------------------------ Total deferred credits (15,655) 394,128 498,253 ------------------------------------------------------ Minority interest 102,454 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $203,780 $440,373 $1,420,512 ======================================================
Loy Yang Holdings Pty. Ltd. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Latrobe Latrobe Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($43,125) Additional Paid in Capital ($87,778) 78,353 Cumulative Translation Adjustments, Net $6,703 58,596 (36,073) Retained earnings 1,790 (44,313) 18,412 ------------------------------------------------------ 8,493 (73,495) 17,567 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 127,769 (1,108,105) 515,644 ------------------------------------------------------ Total capitalization 136,262 (1,181,600) 553,211 ------------------------------------------------------ Other long-term liabilities (1,132) ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (35,922) 307,854 (268,866) Accrued taxes 26,222 (48,160) 26,222 Accrued interest (353) 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (9,700) 259,341 (242,291) ------------------------------------------------------ Accumulated deferred income taxes - net (21,081) 31,223 357,392 Accumulated deferred investment tax credits Customer advances and other deferred credits (529,476) ------------------------------------------------------ Total deferred credits (21,081) (498,253) 357,392 ------------------------------------------------------ Minority interest 102,454 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $105,481 ($1,420,512) $749,634 ======================================================
Loy Yang Holdings Pty. Ltd. Latrobe Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ Electric utility revenue $175,511 $249,826 Diversified operations ------------------------------------------------------ Total operating revenue 175,511 249,826 ------------------------------------------------------ Fuel 29,670 39,501 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 21,173 27,605 Maintenance Depreciation and decommissioning 52,880 62,657 Income taxes ($61) 6,875 4,292 Property and other taxes ------------------------------------------------------ Total operating expenses (61) 110,598 134,055 ------------------------------------------------------ Operating income 61 64,913 115,771 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 191 12,767 19,170 Minority interest (36,696) (36,696) Taxes on nonoperating income (69) 9,206 (6,901) Other - net ------------------------------------------------------ Total other income (deductions) - net 122 (14,723) (24,427) ------------------------------------------------------ Income before interest and other expenses 183 50,190 91,344 ------------------------------------------------------ Interest on long-term debt 74,129 Other interest expense (22,544) 74,129 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 51,585 74,129 ------------------------------------------------------ NET INCOME 183 (1,395) 17,215 Retained Earnings - beginning of year 17,835 27,097 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $183 $16,440 $44,312 ======================================================
Loy Yang Holdings Pty. Ltd. Latrobe Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Latrobe Latrobe Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue ($249,826) $175,511 Diversified operations ------------------------------------------------------ Total operating revenue (249,826) 175,511 ------------------------------------------------------ Fuel (39,501) 29,670 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (27,605) 21,173 Maintenance Depreciation and decommissioning (62,657) 52,880 Income taxes $100 (4,292) 6,914 Property and other taxes ------------------------------------------------------ Total operating expenses 100 (134,055) 110,637 ------------------------------------------------------ Operating income (100) (115,771) 64,874 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2,953 (19,170) 15,911 Minority interest 36,696) (36,696) Taxes on nonoperating income (1,063) 6,901 8,074 Other - net ------------------------------------------------------ Total other income (deductions) - net 1,890 24,427 (12,711) ------------------------------------------------------ Income before interest and other expenses 1,790 (91,344) 52,163 ------------------------------------------------------ Interest on long-term debt 74,129 Other interest expense (74,128) (22,543) Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (74,128) 51,586 ------------------------------------------------------ NET INCOME 1,790 (17,216) 577 Retained Earnings - beginning of year (27,097) 17,835 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $1,790 ($44,313) $18,412 ======================================================
PAGE 694 MEC International B.V. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $734,592 $1,359,017 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $203,638 (309,119) Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 203,638 425,473 1,359,017 ---------------------------------------------------- Cash and equivalents 53 4,393 35,464 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 89 4,117 11,219 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 160 314 ---------------------------------------------------- Total current assets 142 8,670 46,997 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,230 14,498 ---------------------------------------------------- Total deferred charges 6,230 14,498 ---------------------------------------------------- TOTAL ASSETS $203,780 $440,373 $1,420,512 ====================================================
MEC International B.V. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Latrobe Latrobe Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation ($1,359,017) $734,592 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $105,481 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 105,481 (1,359,017) 734,592 ---------------------------------------------------- Cash and equivalents (35,464) 4,446 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (11,219) 4,206 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (314) 160 ---------------------------------------------------- Total current assets (46,997) 8,812 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (14,498) 6,230 ---------------------------------------------------- Total deferred charges (14,498) 6,230 ---------------------------------------------------- TOTAL ASSETS $105,481 ($1,420,512) $749,634 ====================================================
MEC International B.V. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($43,125) Additional Paid in Capital $180,708 (102,355) $87,778 Cumulative Translation Adjustments, Net 36,677 (79,453) (58,596) Retained earnings 183 16,440 44,312 ------------------------------------------------------ 217,568 (208,493) 73,494 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 387,875 1,108,105 ------------------------------------------------------ Total capitalization 217,568 179,382 1,181,599 ------------------------------------------------------ Other long-term liabilities (1,132) ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 1,867 (234,812) (307,853) Accrued taxes 48,160 Accrued interest 353 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1,867 (234,459) (259,340) ------------------------------------------------------ Accumulated deferred income taxes - net (15,655) 394,128 (31,223) Accumulated deferred investment tax credits Customer advances and other deferred credits 529,476 ------------------------------------------------------ Total deferred credits (15,655) 394,128 498,253 ------------------------------------------------------ Minority interest 102,454 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $203,780 $440,373 $1,420,512 ======================================================
MEC International B.V. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Latrobe Latrobe Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($43,125) Additional Paid in Capital ($87,778) 78,353 Cumulative Translation Adjustments, Net $6,703 58,496 (36,073) Retained earnings 1,790 (44,313) 18,412 ------------------------------------------------------ 8,493 (73,495) 17,567 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 127,769 (1,108,105) 515,644 ------------------------------------------------------ Total capitalization 136,262 (1,181,600) 533,211 ------------------------------------------------------ Other long-term liabilities (1,132) ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable (35,922) 307,854 (268,866) Accrued taxes 26,222 (48,160) 26,222 Accrued interest (353) 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (9,700) 259,341 (242,291) ------------------------------------------------------ Accumulated deferred income taxes - net (21,081) 31,223 357,392 Accumulated deferred investment tax credits Customer advances and other deferred credits (529,476) ------------------------------------------------------ Total deferred credits (21,081) (498,253) 357,392 ------------------------------------------------------ Minority interest 102,454 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $105,481 ($1,420,512) $749,634 ======================================================
MEC International B.V. Latrobe Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ Electric utility revenue $175,511 $249,826 Diversified operations ------------------------------------------------------ Total operating revenue 175,511 249,826 ------------------------------------------------------ Fuel 29,670 39,501 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 21,173 27,605 Maintenance Depreciation and decommissioning 52,880 62,657 Income taxes ($61) 6,875 4,292 Property and other taxes ------------------------------------------------------ Total operating expenses (61) 110,598 134,055 ------------------------------------------------------ Operating income 61 64,913 115,771 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 191 12,767 19,170 Minority interest (36,696) (36,696) Taxes on nonoperating income (69) 9,206 (6,901) Other - net ------------------------------------------------------ Total other income (deductions) - net 122 (14,723) (24,427) ------------------------------------------------------ Income before interest and other expenses 183 50,190 91,344 ------------------------------------------------------ Interest on long-term debt 74,129 Other interest expense (22,544) 74,129 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 51,585 74,129 ------------------------------------------------------ NET INCOME 183 (1,395) 17,215 Retained Earnings - beginning of year 17,835 27,097 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $183 $16,440 $44,312 ======================================================
MEC International B.V. Latrobe Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Latrobe Latrobe Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue ($249,826) $175,511 Diversified operations ------------------------------------------------------ Total operating revenue (249,826) 175,511 ------------------------------------------------------ Fuel (39,501) 29,670 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (27,605) 21,173 Maintenance Depreciation and decommissioning (62,657) 52,880 Income taxes $100 (4,292) 6,914 Property and other taxes ------------------------------------------------------ Total operating expenses 100 (134,055) 110,637 ------------------------------------------------------ Operating income (100) (115,771) 64,874 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2,953 (19,170) 15,911 Minority interest 36,696 (36,696) Taxes on nonoperating income (1,063) 6,901 8,074 Other - net ------------------------------------------------------ Total other income (deductions) - net 1,890 24,427 (12,711) ------------------------------------------------------ Income before interest and other expenses 1,790 (91,344) 52,163 ------------------------------------------------------ Interest on long-term debt 74,129 Other interest expense (74,128) (22,543) Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (74,128) 51,586 ------------------------------------------------------ NET INCOME 1,790 (17,216) 577 Retained Earnings - beginning of year (27,097) 17,835 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $1,790 ($44,313) $18,412 ======================================================
PAGE 700 Loy Yang Holdings Pty. Ltd. Edison Mission Energy Holdings Pty. Ltd. Edison Mission Energy Australia Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission Latrobe Energy Power Loy Yang B Australia Partnership Joint Venture Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $734,592 $1,359,017 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (309,119) $5 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 425,473 1,359,017 5 ---------------------------------------------------- Cash and equivalents 4,393 35,464 1,282 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 4,117 11,219 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 160 314 ---------------------------------------------------- Total current assets 8,670 46,997 1,282 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,230 14,498 ---------------------------------------------------- Total deferred charges 6,230 14,498 ---------------------------------------------------- TOTAL ASSETS $440,373 $1,420,512 $1,287 ====================================================
Loy Yang Holdings Pty. Ltd. Edison Mission Energy Holdings Pty.Ltd. Edison Mission Energy Australia Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission Energy Australia Consolidating Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation ($2,093,609) Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 309,119 $5 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments (1,784,490) 5 ---------------------------------------------------- Cash and equivalents (39,857) 1,282 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (15,336) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (474) ---------------------------------------------------- Total current assets (55,667) 1,282 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (20,728) ---------------------------------------------------- Total deferred charges (20,728) ---------------------------------------------------- TOTAL ASSETS ($1,860,885) $1,287 ====================================================
Loy Yang Holdings Pty. Ltd. Edison Mission Energy Holdings Pty. Ltd. Edison Mission Energy Australia Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission Latrobe Energy Power Loy Yang B Australia Partnership Joint Venture Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($43,125) Additional Paid in Capital (102,355) $87,778 Cumulative Translation Adjustments, Net (79,453) (58,596) ($97) Retained earnings 16,440 44,312 506 ------------------------------------------------------ (208,493) 73,494 409 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 387,875 1,108,105 ------------------------------------------------------ Total capitalization 179,382 1,181,599 409 ------------------------------------------------------ Other long-term liabilities (1,132) ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable (234,812) (307,853) 730 Accrued taxes 48,160 Accrued interest 353 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (234,459) (259,340) 730 ------------------------------------------------------ Accumulated deferred income taxes - net 394,128 (31,223) 148 Accumulated deferred investment tax credits Customer advances and other deferred credits 519,476 ------------------------------------------------------ Total deferred credits 394,128 498,253 148 ------------------------------------------------------ Minority interest 102,454 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $440,373 $1,420,512 $1,287 ======================================================
Loy Yang Holdings Pty. Ltd. Edison Mission Energy Holdings Pty. Ltd. Edison Mission Energy Australia Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Mission Energy Australia Consolidating Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $43,125 Additional Paid in Capital 14,577 Cumulative Translation Adjustments, Net 138,049 ($97) Retained earnings (60,752) 506 ------------------------------------------------------ 134,999 409 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (1,495,980) ------------------------------------------------------ Total capitalization (1,360,981) 409 ------------------------------------------------------ Other long-term liabilities 1,132 ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 542,665 730 Accrued taxes (48,160) Accrued interest (706) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 493,799 730 ------------------------------------------------------ Accumulated deferred income taxes - net (362,905) 148 Accumulated deferred investment tax credits Customer advances and other deferred credits (529,476) ------------------------------------------------------ Total deferred credits (892,381) 148 ------------------------------------------------------ Minority interest (102,454) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($1,860,885) $1,287 ======================================================
PAGE 704 Loy Yang Holdings Pty. Ltd. Edison Mission Energy Holdings Pty. Ltd Edison Mission Energy Australia Ltd. Consolidating Statements of Income and Retained Earnings December 31, 1997 (In thousands)
Edison Mission Latrobe Energy Power Loy Yang B Australia Partnership Joint Venture Ltd. ============================================================================================================ Electric utility revenue $175,511 $249,826 ($29) Diversified operations 392 ------------------------------------------------------ Total operating revenue 175,511 249,826 363 ------------------------------------------------------ Fuel 29,670 39,501 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 21,173 27,605 390 Maintenance Depreciation and decommissioning 52,880 62,657 Income taxes 6,875 4,292 Property and other taxes ------------------------------------------------------ Total operating expenses 110,598 134,055 390 ------------------------------------------------------ Operating income 64,913 115,771 (27) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 12,767 19,170 Minority interest (36,696) (36,696) Taxes on nonoperating income 9,206 (6,901) Other - net ------------------------------------------------------ Total other income (deductions) - net (14,723) (24,427) ------------------------------------------------------ Income before interest and other expenses 50,190 91,344 (27) ------------------------------------------------------ Interest on long-term debt 74,129 Other interest expense (22,544) 74,129 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 51,585 74,129 ------------------------------------------------------ NET INCOME (1,395) 17,215 (27) Retained Earnings - beginning of year 17,835 27,087 533 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $16,440 $44,312 $506 ======================================================
PAGE 705 Loy Yang Holdings Pty. Ltd. Edison Mission Energy Holdings Pty Ltd Edison Mission Energy Australia Ltd. Consolidating Statements of Income and Retained Earnings December 31, 1997 (In thousands)
Edison Mission Energy Australia Consolidating Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue ($425,337) ($29) Diversified operations 392 ------------------------------------------------------ Total operating revenue (425,337) 363 ------------------------------------------------------ Fuel (69,171) Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (48,778) 390 Maintenance Depreciation and decommissioning (115,537) Income taxes (11,167) Property and other taxes ------------------------------------------------------ Total operating expenses (244,653) 390 ------------------------------------------------------ Operating income (180,684) (27) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (31,937) Minority interest 73,392 Taxes on nonoperating income (2,305) Other - net ------------------------------------------------------ Total other income (deductions) - net 39,150 ------------------------------------------------------ Income before interest and other expenses (141,534) (27) ------------------------------------------------------ Interest on long-term debt (74,129) Other interest expense (51,585) Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (125,714) ------------------------------------------------------ NET INCOME (15,820) (27) Retained Earnings - beginning of year (44,932) 533 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($60,752) $506 ======================================================
PAGE 706 Loy Yang Holdings Pty. Ltd. Mission Energy Ventures Australia Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $734,592 $1,359,017 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $203,638 (309,119) Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 203,638 425,473 1,359,017 ---------------------------------------------------- Cash and equivalents 53 4,393 35,464 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 89 4,117 11,219 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 160 314 ---------------------------------------------------- Total current assets 142 8,670 46,997 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,230 14,498 ---------------------------------------------------- Total deferred charges 6,230 14,498 ---------------------------------------------------- TOTAL ASSETS $203,780 $440,373 $1,420,512 ====================================================
Loy Yang Holdings Pty. Ltd. Mission Energy Ventures Australia Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Energy Energy Ventures Ventures Australia Australia Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation ($2,093,609) Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $2,167 105,481 $2,167 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 2,167 (1,988,128) 2,167 ---------------------------------------------------- Cash and equivalents (39,910) Receivables, including unbilled revenue, net of allowance for uncollectible accounts (15,425) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (474) ---------------------------------------------------- Total current assets (55,809) ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (20,728) ---------------------------------------------------- Total deferred charges (20,728) ---------------------------------------------------- TOTAL ASSETS $2,167 ($2,064,665) $2,167 ====================================================
PAGE 708 Loy Yang Holdings Pty. Ltd. Mission Energy Venture Australia Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($43,125) Additional Paid in Capital $180,708 (102,355) $87,778 Cumulative Translation Adjustments, Net 36,677 (79,453) (58,596) Retained earnings 183 16,440 44,312 ------------------------------------------------------ 217,568 (208,493) 73,494 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 387,875 1,108,105 ------------------------------------------------------ Total capitalization 217,568 179,382 1,181,599 ------------------------------------------------------ Other long-term liabilities (1,132) ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 1,867 (234,812) (307,853) Accrued taxes 48,160 Accrued interest 353 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1,867 (234,459) (259,340) ------------------------------------------------------ Accumulated deferred income taxes - net (15,655) 394,128 (31,223) Accumulated deferred investment tax credits Customer advances and other deferred credits 529,476 ------------------------------------------------------ Total deferred credits (15,655) 394,128 498,253 ------------------------------------------------------ Minority interest 102,454 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $203,780 $440,373 $1,420,512 ======================================================
Loy Yang Holdings Pty. Ltd. Mission Energy Ventures Australia Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Energy Energy Ventures Ventures Australia Australia Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $43,125 Additional Paid in Capital (166,131) Cumulative Translation Adjustments, Net ($474) 101,372 ($474) Retained earnings 397 (60,935) 397 ------------------------------------------------------ (77) (82,569) (77) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 2,850 (1,495,980) 2,850 ------------------------------------------------------ Total capitalization 2,773 (1,578,549) 2,773 ------------------------------------------------------ Other long-term liabilities 1,132 ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable (639) 540,798 (639) Accrued taxes 507 (48,160) 507 Accrued interest (706) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (132) 491,932 (132) ------------------------------------------------------ Accumulated deferred income taxes - net (474) (347,250) (474) Accumulated deferred investment tax credits Customer advances and other deferred credits (529,476) ------------------------------------------------------ Total deferred credits (474) (876,726) (474) ------------------------------------------------------ Minority interest (102,454) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,167 ($2,064,665) $2,167 ======================================================
Loy Yang Holdings Pty. Ltd. Mission Energy Ventures Australia Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ Electric utility revenue $175,511 $249,826 Diversified operations ------------------------------------------------------ Total operating revenue 175,511 249,826 ------------------------------------------------------ Fuel 29,670 39,501 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 21,173 27,605 Maintenance Depreciation and decommissioning 52,880 62,657 Income taxes ($61) 6,875 4,292 Property and other taxes ------------------------------------------------------ Total operating expenses (61) 110,598 134,055 ------------------------------------------------------ Operating income 61 64,913 115,771 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 191 12,767 19,170 Minority interest (36,696) (36,696) Taxes on nonoperating income (69) 9,206 (6,901) Other - net ------------------------------------------------------ Total other income (deductions) - net 122 (14,723) (24,427) ------------------------------------------------------ Income before interest and other expenses 183 50,190 91,344 ------------------------------------------------------ Interest on long-term debt 74,129 Other interest expense (22,544) 74,129 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 51,585 74,129 ------------------------------------------------------ NET INCOME 183 (1,395) 17,215 Retained Earnings - beginning of year 17,835 27,097 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $183 $16,440 $44,312 ======================================================
Loy Yang Holdings Pty. Ltd. Mission Energy Ventures Australia Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Mission Energy Energy Ventures Ventures Australia Australia Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue ($425,337) Diversified operations ------------------------------------------------------ Total operating revenue (425,337) ------------------------------------------------------ Fuel (69,171) Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $6 (48,778) $6 Maintenance Depreciation and decommissioning (115,537) Income taxes 6 (11,106) 6 Property and other taxes ------------------------------------------------------ Total operating expenses 12 (244,592) 12 ------------------------------------------------------ Operating income (12) (180,745) (12) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 57 (32,128) 57 Minority interest 73,392 Taxes on nonoperating income (13) (2,236) (13) Other - net ------------------------------------------------------ Total other income (deductions) - net 44 39,028 44 ------------------------------------------------------ Income before interest and other expenses 32 (141,717) 32 ------------------------------------------------------ Interest on long-term debt (74,129) Other interest expense (51,585) Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (125,714) ------------------------------------------------------ NET INCOME 32 (16,003) 32 Retained Earnings - beginning of year 365 (44,932) 365 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $397 ($60,935) $397 ======================================================
PAGE 712 MEC International B.V. Traralgon Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $734,592 $1,359,017 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $203,638 (309,119) Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 203,638 425,473 1,359,017 ---------------------------------------------------- Cash and equivalents 53 4,393 35,464 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 89 4,117 11,219 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 160 314 ---------------------------------------------------- Total current assets 142 8,670 46,997 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,230 14,498 ---------------------------------------------------- Total deferred charges 6,230 14,498 ---------------------------------------------------- TOTAL ASSETS $203,780 $440,373 $1,420,512 ====================================================
PAGE 713 MEC International B.V. Traralgon Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Traralgon Traralgon Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation ($2,093,609) Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $93,030 105,481 $93,030 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 93,030 (1,988,128) 93,030 ---------------------------------------------------- Cash and equivalents (39,910) Receivables, including unbilled revenue, net of allowance for uncollectible accounts (15,425) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (474) ---------------------------------------------------- Total current assets (55,809) ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (20,728) ---------------------------------------------------- Total deferred charges (20,728) ---------------------------------------------------- TOTAL ASSETS $93,030 ($2,064,665) $93,030 ====================================================
MEC International B.V. Traralgon Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($43,125) Additional Paid in Capital $180,708 (102,355) $87,778 Cumulative Translation Adjustments, Net 36,677 (79,453) (58,596) Retained earnings 183 16,440 44,312 ------------------------------------------------------ 217,568 (208,493) 73,494 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 387,875 1,108,105 ------------------------------------------------------ Total capitalization 217,568 179,382 1,181,599 ------------------------------------------------------ Other long-term liabilities (1,132) ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 1,867 (234,812) (307,853) Accrued taxes 48,160 Accrued interest 353 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1,867 (234,459) (259,340) ------------------------------------------------------ Accumulated deferred income taxes - net (15,655) 394,128 (31,223) Accumulated deferred investment tax credits Customer advances and other deferred credits 529,476 ------------------------------------------------------ Total deferred credits (15,655) 394,128 498,253 ------------------------------------------------------ Minority interest 102,454 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $203,780 $440,373 $1,420,512 ======================================================
MEC International B.V. Traralgon Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Traralgon Traralgon Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $43,125 Additional Paid in Capital (166,131) Cumulative Translation Adjustments, Net ($20,793) 101,372 ($20,793) Retained earnings 9,695 (60,935) 9,695 ------------------------------------------------------ (11,098) (82,569) (11,098) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 133,068 (1,495,980) 133,068 ------------------------------------------------------ Total capitalization 121,970 (1,578,549) 121,970 ------------------------------------------------------ Other long-term liabilities 1,132 ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable (10,124) 540,798 (10,124) Accrued taxes (48,160) Accrued interest (706) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (10,124) 491,932 (10,124) ------------------------------------------------------ Accumulated deferred income taxes - net (18,816) (347,250) (18,816) Accumulated deferred investment tax credits Customer advances and other deferred credits (529,476) ------------------------------------------------------ Total deferred credits (18,816) (876,726) (18,816) ------------------------------------------------------ Minority interest (102,454) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $93,030 ($2,064,665) $93,030 ======================================================
PAGE 716 MEC International B.V. Traralgon Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ Electric utility revenue $175,511 $249,826 Diversified operations ------------------------------------------------------ Total operating revenue 175,511 249,826 ------------------------------------------------------ Fuel 29,670 39,501 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 21,173 27,605 Maintenance Depreciation and decommissioning 52,880 62,657 Income taxes ($61) 6,875 4,292 Property and other taxes ------------------------------------------------------ Total operating expenses (61) 110,598 134,055 ------------------------------------------------------ Operating income 61 64,913 115,771 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 191 12,767 19,170 Minority interest (36,696) (36,696) Taxes on nonoperating income (69) 9,206 (6,901) Other - net ------------------------------------------------------ Total other income (deductions) - net 122 (14,723) (24,427) ------------------------------------------------------ Income before interest and other expenses 183 50,190 91,344 ------------------------------------------------------ Interest on long-term debt 74,129 Other interest expense (22,544) 74,129 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 51,585 74,129 ------------------------------------------------------ NET INCOME 183 (1,395) 17,215 Retained Earnings - beginning of year 17,835 27,097 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $183 $16,440 $44,312 ======================================================
MEC International B.V. Traralgon Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Traralgon Traralgon Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue ($1,281) ($425,337) ($1,281) Diversified operations ------------------------------------------------------ Total operating revenue (1,281) (425,337) (1,281) ------------------------------------------------------ Fuel (69,171) Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (48,778) Maintenance Depreciation and decommissioning (115,537) Income taxes (26) (11,106) (26) Property and other taxes ------------------------------------------------------ Total operating expenses (26) (244,592) (26) ------------------------------------------------------ Operating income (1,255) (180,745) (1,255) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2,636 (32,128) 2,636 Minority interest 73,392 Taxes on nonoperating income (949) (2,236) (949) Other - net ------------------------------------------------------ Total other income (deductions) - net 1,687 39,028 1,687 ------------------------------------------------------ Income before interest and other expenses 432 (141,717) 432 ------------------------------------------------------ Interest on long-term debt (74,129) Other interest expense (51,585) Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (125,714) ------------------------------------------------------ NET INCOME 432 (16,003) 432 Retained Earnings - beginning of year 9,262 (44,932) 9,262 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $9,695 ($60,935) $9,695 ======================================================
PAGE 718 Loy Yang Holdings Pty. Ltd. Traralgon Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $734,592 $1,359,017 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $203,638 (309,119) Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 203,638 425,473 1,359,017 ---------------------------------------------------- Cash and equivalents 53 4,393 35,464 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 89 4,117 11,219 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 160 314 ---------------------------------------------------- Total current assets 142 8,670 46,997 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6,230 14,498 ---------------------------------------------------- Total deferred charges 6,230 14,498 ---------------------------------------------------- TOTAL ASSETS $203,780 $440,373 $1,420,512 ====================================================
Loy Yang Holdings Pty. Ltd. Traralgon Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Traralgon Traralgon Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation ($2,093,609) Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $93,030 105,481 $93,030 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 93,030 (1,988,128) 93,030 ---------------------------------------------------- Cash and equivalents (39,910) Receivables, including unbilled revenue, net of allowance for uncollectible accounts (15,425) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (474) ---------------------------------------------------- Total current assets (55,809) ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (20,728) ---------------------------------------------------- Total deferred charges (20,728) ---------------------------------------------------- TOTAL ASSETS $93,030 ($2,064,665) $93,030 ====================================================
Loy Yang Holdings Pty. Ltd. Traralgon Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($43,125) Additional Paid in Capital $180,708 (102,355) $87,778 Cumulative Translation Adjustments, Net 36,677 (79,453) (58,596) Retained earnings 183 16,440 44,312 ------------------------------------------------------ 217,568 (208,493) 73,494 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 387,875 1,108,105 ------------------------------------------------------ Total capitalization 217,568 179,382 1,181,599 ------------------------------------------------------ Other long-term liabilities (1,132) ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 1,867 (234,812) (307,853) Accrued taxes 48,160 Accrued interest 353 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1,867 (234,459) (259,340) ------------------------------------------------------ Accumulated deferred income taxes - net (15,655) 394,128 (31,223) Accumulated deferred investment tax credits Customer advances and other deferred credits 529,476 ------------------------------------------------------ Total deferred credits (15,655) 394,128 498,253 ------------------------------------------------------ Minority interest 102,454 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $203,780 $440,373 $1,420,512 ======================================================
Loy Yang Holdings Pty. Ltd. Traralgon Power Pty. Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Traralgon Traralgon Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $43,125 Additional Paid in Capital (166,131) Cumulative Translation Adjustments, Net ($20,793) 101,372 ($20,793) Retained earnings 9,695 (60,935) 9,695 ------------------------------------------------------ (11,098) (82,569) (11,098) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 133,068 (1,495,980) 133,068 ------------------------------------------------------ Total capitalization 121,970 (1,578,549) 121,970 ------------------------------------------------------ Other long-term liabilities 1,132 ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable (10,124) 540,798 (10,124) Accrued taxes (48,160) Accrued interest (706) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (10,124) 491,932 (10,124) ------------------------------------------------------ Accumulated deferred income taxes - net (18,816) (347,250) (18,816) Accumulated deferred investment tax credits Customer advances and other deferred credits (529,476) ------------------------------------------------------ Total deferred credits (18,816) (876,726) (18,816) ------------------------------------------------------ Minority interest (102,454) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $93,030 ($2,064,665) $93,030 ======================================================
PAGE 722 Loy Yang Holdings Pty. Ltd. Traralgon Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ Electric utility revenue $175,511 $249,826 Diversified operations ------------------------------------------------------ Total operating revenue 175,511 249,826 ------------------------------------------------------ Fuel 29,670 39,501 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 21,173 27,605 Maintenance Depreciation and decommissioning 52,880 62,657 Income taxes ($61) 6,875 4,292 Property and other taxes ------------------------------------------------------ Total operating expenses (61) 110,598 134,055 ------------------------------------------------------ Operating income 61 64,913 115,771 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 191 12,767 19,170 Minority interest (36,696) (36,696) Taxes on nonoperating income (69) 9,206 (6,901) Other - net ------------------------------------------------------ Total other income (deductions) - net 122 (14,723) (24,427) ------------------------------------------------------ Income before interest and other expenses 183 50,190 91,344 ------------------------------------------------------ Interest on long-term debt 74,129 Other interest expense (22,544) 74,129 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 51,585 74,129 ------------------------------------------------------ NET INCOME 183 (1,395) 17,215 Retained Earnings - beginning of year 17,835 27,097 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $183 $16,440 $44,312 ======================================================
PAGE 723 Loy Yang Holdings Pty. Ltd. Traralgon Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Traralgon Traralgon Power Power Consolidating Pty. Ltd. Pty Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue ($1,281) ($425,337) ($1,281) Diversified operations ------------------------------------------------------ Total operating revenue (1,281) (425,337) (1,281) ------------------------------------------------------ Fuel (69,171) Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (48,778) Maintenance Depreciation and decommissioning (115,537) Income taxes (26) (11,106) (26) Property and other taxes ------------------------------------------------------ Total operating expenses (26) (244,592) (26) ------------------------------------------------------ Operating income (1,255) (180,745) (1,255) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2,636 (32,128) 2,636 Minority interest 73,392 Taxes on nonoperating income (949) (2,236) (949) Other - net ------------------------------------------------------ Total other income (deductions) - net 1,687 39,028 1,687 ------------------------------------------------------ Income before interest and other expenses 432 (141,717) 432 ------------------------------------------------------ Interest on long-term debt (74,129) Other interest expense (51,585) Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (125,714) ------------------------------------------------------ NET INCOME 432 (16,003) 432 Retained Earnings - beginning of year 9,262 (44,932) 9,262 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $9,695 ($60,935) $9,695 ======================================================
MEC International B.V. Pride Hold Limited Consolidating Balance Sheet For The Year Ended December 31, 1997 (In thousands)
Lakeland Power Lakeland Pride Development Power Hold Company Ltd. Limited ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $174,677 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $1 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 174,677 1 ------------------------------------------------------ Cash and equivalents 45,872 2,760 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 14,185 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (519) ------------------------------------------------------ Total current assets 59,538 2,760 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (15,416) ------------------------------------------------------ Total deferred charges (15,416) ------------------------------------------------------ TOTAL ASSETS $218,799 $2,761 ======================================================
PAGE 725 MEC International B.V. Pride Hold Limited Consolidating Balance Sheet For The Year Ended December 31, 1997 (In thousands)
Pride Hold Consolidating Limited Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $174,677 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries ($1) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (1) 174,677 ------------------------------------------------------ Cash and equivalents 48,632 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 14,185 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (519) ------------------------------------------------------ Total current assets 62,298 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 1 (15,415) ------------------------------------------------------ Total deferred charges $1 (15,415) ------------------------------------------------------ TOTAL ASSETS $221,560 ======================================================
MEC International B.V. Pride Hold Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Lakeland Power Lakeland Pride Development Power Hold Company Ltd. Limited ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $1 Additional Paid in Capital Cumulative Translation Adjustments, Net 1,034 Retained earnings ($2) 32,014 ($2,508) ------------------------------------------------------ (2) 33,049 (2,508) Preferred stock: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 130,723 ------------------------------------------------------ Total capitalization (2) 163,772 (2,508) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 25,128 Short-term debt Accounts payable 2 6,321 5,269 Accrued taxes 44 Accrued interest 4,452 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities $2 35,945 5,269 ------------------------------------------------------ Accumulated deferred income taxes - net 19,082 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 19,082 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $218,799 $2,761 ======================================================
MEC International B.V. Pride Hold Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Pride Hold Consolidating Limited Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($1) Additional Paid in Capital Cumulative Translation Adjustments, Net (1) $1,033 Retained earnings (6,033) 23,471 ------------------------------------------------------ (6,035) 24,504 Preferred stock: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 130,723 ------------------------------------------------------ Total capitalization (6,035) 155,227 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 25,128 Short-term debt Accounts payable 1 11,593 Accrued taxes 44 Accrued interest 4,452 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1 41,217 ------------------------------------------------------ Accumulated deferred income taxes - net 19,082 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 19,082 ------------------------------------------------------ Minority interest $6,034 6,034 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $221,560 ======================================================
PAGE 728 MEC International B.V. Pride Hold Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Lakeland Power Lakeland Pride Development Power Hold Company Ltd. Limited ============================================================================================================ Electric utility revenue $99,541 Diversified operations ------------------------------------------------------ Total operating revenue 99,541 ------------------------------------------------------ Fuel 46,476 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $2 12,838 $2,508 Maintenance Depreciation and decommissioning 8,265 Income taxes 4,705 Property and other taxes 1,987 ------------------------------------------------------ Total operating expenses 2 74,271 2,508 ------------------------------------------------------ Operating income (2) 25,270 (2,508) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2,339 Minority interest (1,926) Taxes on nonoperating income (730) Other - net ------------------------------------------------------ Total other income (deductions) - net (317) ------------------------------------------------------ Income before interest and other expenses (2) 24,953 (2,508) ------------------------------------------------------ Interest on long-term debt 14,370 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 14,370 ------------------------------------------------------ NET INCOME (2) 10,583 (2,508) Retained Earnings - beginning of year 21,431 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($2) $32,014 ($2,508) ======================================================
MEC International B.V. Pride Hold Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Pride Hold Consolidated Limited Adjustments Consolidated ============================================================================================================ Electric utility revenue $99,541 Diversified operations ------------------------------------------------------ Total operating revenue 99,541 ------------------------------------------------------ Fuel 46,476 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 15,348 Maintenance Depreciation and decommissioning 8,265 Income taxes 4,705 Property and other taxes 1,987 ------------------------------------------------------ Total operating expenses 76,781 ------------------------------------------------------ Operating income 22,760 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2,339 Minority interest (1,926) Taxes on nonoperating income (730) Other - net ------------------------------------------------------ Total other income (deductions) - net (317) ------------------------------------------------------ Income before interest and other expenses 22,443 ------------------------------------------------------ Interest on long-term debt 14,370 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 14,370 ------------------------------------------------------ NET INCOME 8,073 Retained Earnings - beginning of year ($6,033) 15,398 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($6,033) $23,471 ======================================================
PAGE 730 MEC International B.V. Mission Energy Company (UK) Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Edison Mission Hydro Mission Energy (UK) Energy Services Limited Limited Limited Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,269 $2 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $3,956 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,269 2 3,956 ------------------------------------------------------ Cash and equivalents 592 32 1,713 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 61 576 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 948 (56) 9 ------------------------------------------------------ Total current assets 1,601 552 1,722 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 118 ------------------------------------------------------ Total deferred charges 118 ------------------------------------------------------ TOTAL ASSETS $2,988 $554 $5,678 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Pride Mission Mission Hold Operation & (No. 2) Limited Maintenance Limited Consolidated Limited ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $174,677 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 174,677 ------------------------------------------------------ Cash and equivalents 48,632 $1 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 14,185 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (519) 2 ------------------------------------------------------ Total current assets 62,298 3 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (15,415) ------------------------------------------------------ Total deferred charges (15,415) ------------------------------------------------------ TOTAL ASSETS $221,560 $3 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Energy Energy Company Company (UK) Consolidating (UK) Limited Limited Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $175,948 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $9,401 $12,874 26,231 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 9,401 12,874 202,179 ------------------------------------------------------ Cash and equivalents 38,903 (30,232) 59,641 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 62 14,884 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 384 ------------------------------------------------------ Total current assets 38,903 (30,170) 74,909 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 46,019 (24,748) 5,974 ------------------------------------------------------ Total deferred charges 46,019 (24,748) 5,974 ------------------------------------------------------ TOTAL ASSETS $94,323 ($42,044) $283,062 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Edison Mission Hydro Mission Energy (UK) Energy Services Limited Limited Limited Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $8,889 Cumulative Translation Adjustments, Net 16 Retained earnings $1,808 $878 2,278 ------------------------------------------------------ 1,808 878 11,183 Preferred stock: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 1,808 878 11,183 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 1,120 (329) (5,505) Accrued taxes 60 5 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1,180 (324) (5,505) ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,988 $554 $5,678 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Edison Pride Mission Mission Hold Operation & (No. 2) Limited Maintenance Limited Consolidated Limited ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Cumulative Translation Adjustments, Net $1,033 $50 Retained earnings 23,471 534 ------------------------------------------------------ 24,504 584 Preferred stock: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 130,723 ------------------------------------------------------ Total capitalization 155,227 584 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 25,128 Short-term debt Accounts payable 11,593 (629) Accrued taxes 44 48 Accrued interest 4,452 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 41,217 (581) ------------------------------------------------------ Accumulated deferred income taxes - net 19,082 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 19,082 ------------------------------------------------------ Minority interest 6,034 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $221,560 $3 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Mission Energy Energy Company Company (UK) Consolidating (UK) Limited Limited Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $22,751 $22,751 Additional Paid in Capital 11,620 ($8,889) 11,620 Cumulative Translation Adjustments, Net (3,610) 7,478 4,967 Retained earnings (6,798) (489) 21,682 ------------------------------------------------------ 23,963 (1,900) 61,020 Preferred stock: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 33,674 (2,824) 161,573 ------------------------------------------------------ Total capitalization 57,637 (4,724) 222,593 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock (3,523) 21,605 Short-term debt Accounts payable 36,686 (33,798) 9,138 Accrued taxes 1 158 Accrued interest 4,452 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 36,686 (37,320) 35,353 ------------------------------------------------------ Accumulated deferred income taxes - net 19,082 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 19,082 ------------------------------------------------------ Minority interest 6,034 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $94,323 ($42,044) $283,062 ======================================================
PAGE 736 MEC International B.V. Mission Energy Company (UK) Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Edison Mission Hydro Mission Energy (UK) Energy Services Limited Limited Limited Consolidated ============================================================================================================ Electric utility revenue Diversified operations $11,545 $2,963 ------------------------------------------------------ Total operating revenue 11,545 2,963 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 10,313 2,720 $5 Maintenance Depreciation and decommissioning 643 1 Income taxes (26) (12) 104 Property and other taxes 296 ------------------------------------------------------ Total operating expenses 11,226 2,709 109 ------------------------------------------------------ Operating income 319 254 (109) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 43 39 1,436 Minority interest Taxes on nonoperating income (13) (12) (445) Other - net 28 ------------------------------------------------------ Total other income (deductions) - net 58 27 991 ------------------------------------------------------ Income before interest and other expenses 377 281 882 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 377 281 882 Retained Earnings - beginning of year 1,431 597 1,396 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $1,808 $878 $2,278 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Edison Pride Mission Mission Hold Operation & (No. 2) Limited Maintenance Limited Consolidated Limited =========================================================================================================== Electric utility revenue $99,541 Diversified operations $2,313 ------------------------------------------------------ Total operating revenue 99,541 2,313 ------------------------------------------------------ Fuel 46,476 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 15,348 1,987 Maintenance Depreciation and decommissioning 8,265 Income taxes 4,705 (3) Property and other taxes 1,987 ------------------------------------------------------ Total operating expenses 76,781 1,984 ------------------------------------------------------ Operating income 22,760 329 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2,339 4 Minority interest (1,926) Taxes on nonoperating income (730) (1) Other - net ------------------------------------------------------ Total other income (deductions) - net (317) 3 ------------------------------------------------------ Income before interest and other expenses 22,443 332 ------------------------------------------------------ Interest on long-term debt 14,370 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 14,370 ------------------------------------------------------ NET INCOME 8,073 332 Retained Earnings - beginning of year 15,398 202 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $23,471 $534 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Mission Energy Energy Company Company (UK) Consolidating (UK) Limited Limited Adjustments Consolidated ============================================================================================================ Electric utility revenue $99,541 Diversified operations ($2,443) 14,378 ------------------------------------------------------ Total operating revenue (2,443) 113,919 ------------------------------------------------------ Fuel 46,476 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $324 (2,588) 28,109 Maintenance Depreciation and decommissioning 1,355 (1) 10,263 Income taxes (418) (477) 3,873 Property and other taxes (2) 2,281 ------------------------------------------------------ Total operating expenses 1,261 (3,068) 91,002 ------------------------------------------------------ Operating income (1,261) 625 22,917 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,349 (2,363) 2,847 Minority interest (77) (2,003) Taxes on nonoperating income (418) 736 (883) Other - net 1 29 ------------------------------------------------------ Total other income (deductions) - net 854 (1,626) (10) ------------------------------------------------------ Income before interest and other expenses (407) (1,001) 22,907 ------------------------------------------------------ Interest on long-term debt 2,352 (1,002) 15,720 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 2,352 (1,002) 15,720 ------------------------------------------------------ NET INCOME (2,759) 1 7,187 Retained Earnings - beginning of year (4,039) (2,654) 12,331 Dividends declared on common stock 2,164 2,164 ------------------------------------------------------ Retained Earnings - end of year ($6,798) ($489) $21,682 ======================================================
PAGE 739 Mission Energy Company (UK) Limited Pride Hold Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Lakeland Power Lakeland Pride Development Power Hold Company Ltd. Limited ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $174,677 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $1 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 174,677 1 ------------------------------------------------------ Cash and equivalents 45,872 2,760 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 14,185 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (519) ------------------------------------------------------ Total current assets 59,538 2,760 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (15,416) ------------------------------------------------------ Total deferred charges (15,416) ------------------------------------------------------ TOTAL ASSETS $218,799 $2,761 ======================================================
Mission Energy Company (UK) Limited Pride Hold Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Pride Consolidating Hold Limited Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $174,677 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries ($1) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (1) 174,677 ------------------------------------------------------ Cash and equivalents 48,632 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 14,185 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (519) ------------------------------------------------------ Total current assets 62,298 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 1 (15,415) ------------------------------------------------------ Total deferred charges $1 (15,415) ------------------------------------------------------ TOTAL ASSETS $221,560 ======================================================
Mission Energy Company (UK) Limited Pride Hold Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Lakeland Power Lakeland Pride Development Power Hold Company Ltd. Limited ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $1 Additional Paid in Capital Cumulative Translation Adjustments, Net 1,034 Retained earnings ($2) 32,014 ($2,508) ------------------------------------------------------ (2) 33,049 (2,508) Preferred stock: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 130,723 ------------------------------------------------------ Total capitalization (2) 163,772 (2,508) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 25,128 Short-term debt Accounts payable 2 6,321 5,269 Accrued taxes 44 Accrued interest 4,452 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities $2 35,945 5,269 ------------------------------------------------------ Accumulated deferred income taxes - net 19,082 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 19,082 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $218,799 $2,761 ======================================================
Mission Energy Company (UK) Limited Pride Hold Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Pride Consolidating Hold Limited Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($1) Additional Paid in Capital Cumulative Translation Adjustments, Net (1) $1,033 Retained earnings (6,033) 23,471 ------------------------------------------------------ (6,035) 24,504 Preferred stock: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 130,723 ------------------------------------------------------ Total capitalization (6,035) 155,227 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 25,128 Short-term debt Accounts payable 1 11,593 Accrued taxes 44 Accrued interest 4,452 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1 41,217 ------------------------------------------------------ Accumulated deferred income taxes - net 19,082 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 19,082 ------------------------------------------------------ Minority interest $6,034 6,034 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $221,560 ======================================================
Mission Energy Company (UK) Limited Pride Hold Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Lakeland Power Lakeland Pride Development Power Hold Company Ltd. Limited ============================================================================================================ Electric utility revenue $99,541 Diversified operations ------------------------------------------------------ Total operating revenue 99,541 ------------------------------------------------------ Fuel 46,476 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $2 12,838 $2,508 Maintenance Depreciation and decommissioning 8,265 Income taxes 4,705 Property and other taxes 1,987 ------------------------------------------------------ Total operating expenses 2 74,271 2,508 ------------------------------------------------------ Operating income (2) 25,270 (2,508) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2,339 Minority interest (1,926) Taxes on nonoperating income (730) Other - net ------------------------------------------------------ Total other income (deductions) - net (317) ------------------------------------------------------ Income before interest and other expenses (2) 24,953 (2,508) ------------------------------------------------------ Interest on long-term debt 14,370 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 14,370 ------------------------------------------------------ NET INCOME (2) 10,583 (2,508) Retained Earnings - beginning of year 21,431 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($2) $32,014 ($2,508) ======================================================
Mission Energy Company (UK) Limited Pride Hold Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Pride Consolidating Hold Limited Adjustments Consolidated ============================================================================================================ Electric utility revenue $99,541 Diversified operations ------------------------------------------------------ Total operating revenue 99,541 ------------------------------------------------------ Fuel 46,476 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 15,348 Maintenance Depreciation and decommissioning 8,265 Income taxes 4,705 Property and other taxes 1,987 ------------------------------------------------------ Total operating expenses 76,781 ------------------------------------------------------ Operating income 22,760 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2,339 Minority interest (1,926) Taxes on nonoperating income (730) Other - net ------------------------------------------------------ Total other income (deductions) - net (317) ------------------------------------------------------ Income before interest and other expenses 22,443 ------------------------------------------------------ Interest on long-term debt 14,370 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 14,370 ------------------------------------------------------ NET INCOME 8,073 Retained Earnings - beginning of year ($6,033) 15,398 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($6,033) $23,471 ======================================================
PAGE 745 Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
First Mission Hydro Hydro Mission Holdings Limited Hydro Company Partnership (UK) Consolidated Consolidated Limited ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,087,660 $1,712,085 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (87,415) (87,415) $3,956 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,000,245 1,624,670 3,956 ------------------------------------------------------ Cash and equivalents 65,887 96,905 1,713 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 40,736 47,749 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,843 5,997 9 ------------------------------------------------------ Total current assets 112,466 150,651 1,722 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 312,639 320,907 ------------------------------------------------------ Total deferred charges 312,639 320,907 ------------------------------------------------------ TOTAL ASSETS $1,425,350 $2,096,228 $5,678 ======================================================
Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Hydro Consolidating (UK) Limited Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation ($2,799,745) Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 174,830 $3,956 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (2,624,915) 3,956 ------------------------------------------------------ Cash and equivalents (162,792) 1,713 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (88,485) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (11,840) 9 ------------------------------------------------------ Total current assets (263,117) 1,722 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (633,546) ------------------------------------------------------ Total deferred charges (633,546) ------------------------------------------------------ TOTAL ASSETS ($3,521,578) $5,678 ======================================================
Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
First Mission Hydro Hydro Mission Holdings Limited Hydro Company Partnership (UK) Consolidated Consolidated Limited ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $304,352 $347,477 Additional Paid in Capital $8,889 Cumulative Translation Adjustments, Net 28,132 29,850 16 Retained earnings 40,363 56,570 2,278 ------------------------------------------------------ 372,847 433,897 11,183 Preferred stock: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 657,080 1,105,020 ------------------------------------------------------ Total capitalization 1,029,927 1,538,917 11,183 ------------------------------------------------------ Other long-term liabilities 32,598 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 13,043 7,476 (5,505) Accrued taxes 29,400 29,400 Accrued interest 24,590 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 67,033 68,112 (5,505) ------------------------------------------------------ Accumulated deferred income taxes - net 295,792 304,475 Accumulated deferred investment tax credits 150,994 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 295,792 455,469 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,425,350 $2,096,228 $5,678 ======================================================
Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Hydro Consolidating (UK) Limited Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($651,829) Additional Paid in Capital $8,889 Cumulative Translation Adjustments, Net (57,982) 16 Retained earnings (96,933) 2,278 ------------------------------------------------------ (806,744) 11,183 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (1,762,100) ------------------------------------------------------ Total capitalization (2,568,844) 11,183 ------------------------------------------------------ Other long-term liabilities (66,328) ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock (6,293) Short-term debt Accounts payable (20,519) (5,505) Accrued taxes (58,800) Accrued interest (49,533) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (135,145) (5,505) ------------------------------------------------------ Accumulated deferred income taxes - net (600,267) Accumulated deferred investment tax credits (150,994) Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (751,261) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($3,521,578) $5,678 ======================================================
Mission Energy Company (UK) Limited Mission Hydro (UK) Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
First Mission Hydro Hydro Mission Holdings Limited Hydro Company Partnership (UK) Consolidated Consolidated Limited ============================================================================================================ Electric utility revenue $324,430 $400,026 Diversified operations ------------------------------------------------------ Total operating revenue 324,430 400,026 ------------------------------------------------------ Fuel 81,865 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 66,650 73,081 $5 Maintenance Depreciation and decommissioning 26,415 36,192 Income taxes 8,867 20,073 104 Property and other taxes 16,474 16,474 ------------------------------------------------------ Total operating expenses 200,271 237,516 109 ------------------------------------------------------ Operating income 124,159 162,510 (109) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 3,996 4,619 1,436 Minority interest Taxes on nonoperating income (1,239) (1,463) (445) Other - net 1 1 ------------------------------------------------------ Total other income (deductions) - net 2,758 3,157 991 ------------------------------------------------------ Income before interest and other expenses 126,917 165,667 882 ------------------------------------------------------ Interest on long-term debt 59,091 59,091 Other interest expense 3 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 59,094 81,637 ------------------------------------------------------ NET INCOME 67,823 84,030 882 Retained Earnings - beginning of year 68,324 68,324 1,396 Dividends declared on common stock (95,784) (95,784) ------------------------------------------------------ Retained Earnings - end of year $40,363 $56,570 $2,278 ======================================================
PAGE 750 Mission Energy Company (UK) Limited Mission Hydro (UK) Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Hydro Consolidating (UK) Limited Adjustments Consolidated ============================================================================================================ Electric utility revenue ($724,456) Diversified operations ------------------------------------------------------ Total operating revenue (724,456) ------------------------------------------------------ Fuel (173,561) Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (139,731) $5 Maintenance Depreciation and decommissioning (62,607) Income taxes (28,940) 104 Property and other taxes (32,948) ------------------------------------------------------ Total operating expenses (437,787) 109 ------------------------------------------------------ Operating income (286,669) (109) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (8,615) 1,436 Minority interest Taxes on nonoperating income 2,702 (445) Other - net (2) ------------------------------------------------------ Total other income (deductions) - net (5,915) 991 ------------------------------------------------------ Income before interest and other expenses (292,584) 882 ------------------------------------------------------ Interest on long-term debt (118,182) Other interest expense (22,549) Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (140,731) ------------------------------------------------------ NET INCOME (151,853) 882 Retained Earnings - beginning of year (136,648) 1,396 Dividends declared on common stock 191,568 ------------------------------------------------------ Retained Earnings - end of year ($96,933) $2,278 ======================================================
PAGE 751 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Ltd. Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Generation Mission Holdings Hydro Limited Limited Consolidating Consolidated Partnership Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,712,085 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (87,415) $405,515 ($405,515) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,624,670 405,515 (405,515) ------------------------------------------------------ Cash and equivalents 96,905 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,997 ------------------------------------------------------ Total current assets 150,651 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 320,907 ------------------------------------------------------ Total deferred charges 320,907 ------------------------------------------------------ TOTAL ASSETS $2,096,228 $405,515 ($405,515) ======================================================
PAGE 752 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Ltd. Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Hydro Limited Partnership Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,712,085 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (87,415) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,624,670 ------------------------------------------------------ Cash and equivalents 96,905 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,997 ------------------------------------------------------ Total current assets 150,651 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 320,907 ------------------------------------------------------ Total deferred charges 320,907 ------------------------------------------------------ TOTAL ASSETS $2,096,228 ======================================================
PAGE 753 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Ltd. Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Generation Mission Holdings Hydro Limited Limited Consolidating Consolidated Partnership Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $347,477 $405,515 ($405,515) Additional Paid in Capital Cumulative Translation Adjustments, Net 29,850 Retained earnings 56,570 ------------------------------------------------------ 433,897 405,515 (405,515) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 ------------------------------------------------------ Total capitalization 1,538,917 405,515 (405,515) ------------------------------------------------------ Other long-term liabilities 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 7,476 Accrued taxes 29,400 Accrued interest 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 68,112 ------------------------------------------------------ Accumulated deferred income taxes - net 455,469 (150,994) Accumulated deferred investment tax credits 150,994 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 455,469 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,096,228 $405,515 ($405,515) ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Ltd. Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Hydro Limited Partnership Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $347,477 Additional Paid in Capital Cumulative Translation Adjustments, Net 29,850 Retained earnings 56,570 ------------------------------------------------------ 433,897 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 ------------------------------------------------------ Total capitalization 1,538,917 ------------------------------------------------------ Other long-term liabilities 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 7,476 Accrued taxes 29,400 Accrued interest 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 68,112 ------------------------------------------------------ Accumulated deferred income taxes - net 304,475 Accumulated deferred investment tax credits 150,994 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 455,469 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,096,228 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Limited Partnership Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Generation Mission Holdings Hydro Limited Limited Consolidating Consolidated Partnership Adjustments ============================================================================================================ Electric utility revenue $400,026 Diversified operations ------------------------------------------------------ Total operating revenue 400,026 ------------------------------------------------------ Fuel 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 73,081 Maintenance Depreciation and decommissioning 36,192 Income taxes 20,073 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 237,516 ------------------------------------------------------ Operating income 162,510 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4,619 Minority interest Taxes on nonoperating income (1,463) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 3,157 ------------------------------------------------------ Income before interest and other expenses 165,667 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 81,637 ------------------------------------------------------ NET INCOME 84,030 Retained Earnings - beginning of year 68,324 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $56,570 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Limited Partnership Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Hydro Limited Partnership Consolidated ============================================================================================================ Electric utility revenue $400,026 Diversified operations ------------------------------------------------------ Total operating revenue 400,026 ------------------------------------------------------ Fuel 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 73,081 Maintenance Depreciation and decommissioning 36,192 Income taxes 20,073 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 237,516 ------------------------------------------------------ Operating income 162,510 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4,619 Minority interest Taxes on nonoperating income (1,463) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 3,157 ------------------------------------------------------ Income before interest and other expenses 165,667 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 81,637 ------------------------------------------------------ NET INCOME 84,030 Retained Earnings - beginning of year 68,324 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $56,570 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Victoria Energy Loyvic Generation Capital Pty Ltd. Limited Partnership Consolidated Consolidated Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $624,425 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 624,425 ------------------------------------------------------ Cash and equivalents 31,018 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 7,013 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 154 ------------------------------------------------------ Total current assets 38,185 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 8,268 ------------------------------------------------------ Total deferred charges 8,268 ------------------------------------------------------ TOTAL ASSETS $670,878 ======================================================
PAGE 758 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
First Hydro EME Holdings Generation Company Holdings Consolidating Consolidated Limited Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,087,660 Nuclear decommissioning trusts Investments in partnerships (87,415) and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,000,245 ------------------------------------------------------ Cash and equivalents 65,887 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 40,736 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,843 ------------------------------------------------------ Total current assets 112,466 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 312,639 ------------------------------------------------------ Total deferred charges 312,639 ------------------------------------------------------ TOTAL ASSETS $1,425,350 ======================================================
PAGE 759 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Generation Holdings Limited Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,712,085 Nuclear decommissioning trusts Investments in partnerships (87,415) and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,624,670 ------------------------------------------------------ Cash and equivalents 96,905 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 47,749 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,997 ------------------------------------------------------ Total current assets 150,651 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 320,907 ------------------------------------------------------ Total deferred charges 320,907 ------------------------------------------------------ TOTAL ASSETS $2,096,228 ======================================================
PAGE 760 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Victoria Energy Loyvic Generation Capital Pty Ltd. Limited Partnership Consolidated Consolidated Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $43,125 Additional Paid in Capital Cumulative Translation Adjustments, Net (2,863) Retained earnings 16,207 ------------------------------------------------------ 56,469 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 447,940 ------------------------------------------------------ Total capitalization 504,409 ------------------------------------------------------ Other long-term liabilities 1,132 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable (986) Accrued taxes Accrued interest 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 5,660 ------------------------------------------------------ Accumulated deferred income taxes - net 159,677 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 159,677 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $670,878 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
First Hydro EME Holdings Generation Company Holdings Consolidating Consolidated Limited Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $304,352 Additional Paid in Capital Cumulative Translation Adjustments, Net 28,132 $4,581 Retained earnings 40,363 ------------------------------------------------------ 372,847 4,581 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 657,080 ------------------------------------------------------ Total capitalization 1,029,927 4,581 ------------------------------------------------------ Other long-term liabilities 32,598 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 13,043 (4,581) Accrued taxes 29,400 Accrued interest 24,590 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 67,033 ($4,581) ------------------------------------------------------ Accumulated deferred income taxes - net 295,792 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 295,792 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,425,350 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Generation Holdings Limited Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $347,477 Additional Paid in Capital Cumulative Translation Adjustments, Net 29,850 Retained earnings 56,570 ------------------------------------------------------ 433,897 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,105,020 ------------------------------------------------------ Total capitalization 1,538,917 ------------------------------------------------------ Other long-term liabilities 33,730 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 7,476 Accrued taxes 29,400 Accrued interest 24,943 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 68,112 ------------------------------------------------------ Accumulated deferred income taxes - net 455,469 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 455,469 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,096,228 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Victoria Energy Loyvic Generation Capital Pty Ltd. Limited Partnership Consolidated Consolidated Consolidated ============================================================================================================ Electric utility revenue $75,596 Diversified operations ------------------------------------------------------ Total operating revenue 75,596 ------------------------------------------------------ Fuel 9,831 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 6,431 Maintenance Depreciation and decommissioning 9,777 Income taxes 11,206 Property and other taxes ------------------------------------------------------ Total operating expenses 37,245 ------------------------------------------------------ Operating income 38,351 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 623 Minority interest Taxes on nonoperating income (224) Other - net ------------------------------------------------------ Total other income (deductions) - net 399 ------------------------------------------------------ Income before interest and other expenses 38,750 ------------------------------------------------------ Interest on long-term debt Other interest expense 22,543 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 22,543 ------------------------------------------------------ NET INCOME 16,207 Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $16,207 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
First Hydro EME Holdings Generation Company Holdings Consolidating Consolidated Limited Adjustments ============================================================================================================ Electric utility revenue $324,430 Diversified operations ------------------------------------------------------ Total operating revenue 324,430 ------------------------------------------------------ Fuel 81,865 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 66,650 Maintenance Depreciation and decommissioning 26,415 Income taxes 8,867 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 200,271 ------------------------------------------------------ Operating income 124,159 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 3,996 Minority interest Taxes on nonoperating income (1,239) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 2,758 ------------------------------------------------------ Income before interest and other expenses 126,917 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 3 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 59,094 ------------------------------------------------------ NET INCOME 67,823 Retained Earnings - beginning of year 68,324 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $40,363 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro Limited Partnership EME Generation Holdings Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Generation Holdings Limited Consolidated ============================================================================================================ Electric utility revenue $400,026 Diversified operations ------------------------------------------------------ Total operating revenue 400,026 ------------------------------------------------------ Fuel 91,696 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 73,081 Maintenance Depreciation and decommissioning 36,192 Income taxes 20,073 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 237,516 ------------------------------------------------------ Operating income 162,510 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4,619 Minority interest Taxes on nonoperating income (1,463) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 3,157 ------------------------------------------------------ Income before interest and other expenses 165,667 ------------------------------------------------------ Interest on long-term debt 59,091 Other interest expense 22,546 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 81,637 ------------------------------------------------------ NET INCOME 84,030 Retained Earnings - beginning of year 68,324 Dividends declared on common stock (95,784) ------------------------------------------------------ Retained Earnings - end of year $56,570 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Capital Enerloy Loyvic Partnership Pty Ltd. Pty Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships $817,131 and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 817,131 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $817,131 ======================================================
PAGE 767 MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Loyvic Consolidating Pty Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries ($817,131) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (817,131) ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ($817,131) ======================================================
PAGE 768 MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Capital Enerloy Loyvic Partnership Pty Ltd. Pty Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $817,131 Additional Paid in Capital Cumulative Translation Adjustments, Net $6,635 (6,635) Retained earnings (53,321) 53,321 ------------------------------------------------------ (46,686) 863,817 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 810,838 (817,131) ------------------------------------------------------ Total capitalization 764,152 46,686 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 46,333 (46,686) Accrued taxes Accrued interest 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 52,979 (46,686) ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $817,131 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Balance Sheet December 31, 1997 (In thousands)
Loyvic Consolidating Pty Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($817,131) Additional Paid in Capital Cumulative Translation Adjustments, Net Retained earnings ------------------------------------------------------ (817,131) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 6,293 ------------------------------------------------------ Total capitalization (810,838) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock (6,293) Short-term debt Accounts payable 353 Accrued taxes Accrued interest (353) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (6,293) ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($817,131) ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Energy Capital Enerloy Loyvic Partnership Pty Ltd. Pty Ltd. ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt $53,321 ($53,321) Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 53,321 (53,321) ------------------------------------------------------ NET INCOME (53,321) 53,321 Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($53,321) $53,321 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited Loyvic Pty Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Loyvic Consolidating Pty Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Energy Energy Development Enerloy Capital Australia Pty Ltd. Partnership Pty Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $817,131 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 817,131 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $817,131 ======================================================
PAGE 773 MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Gippsland Loy Yang B Victoria Power Joint Generation Pty Ltd. Venture Limited ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $624,425 $1,359,017 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 624,425 1,359,017 ------------------------------------------------------ Cash and equivalents 31,018 35,464 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 7,013 11,219 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 154 314 ------------------------------------------------------ Total current assets 38,185 46,997 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 8,268 14,498 ------------------------------------------------------ Total deferred charges 8,268 14,498 ------------------------------------------------------ TOTAL ASSETS $670,878 $1,420,512 ======================================================
PAGE 774 MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Victoria Generation Consolidated Limited Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation ($1,359,017) $624,425 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (817,131) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (2,176,148) 624,425 ------------------------------------------------------ Cash and equivalents (35,464) 31,018 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (11,219) 7,013 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (314) 154 ------------------------------------------------------ Total current assets (46,997) 38,185 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (14,498) 8,268 ------------------------------------------------------ Total deferred charges (14,498) 8,268 ------------------------------------------------------ TOTAL ASSETS ($2,237,643) $670,878 ======================================================
PAGE 775 MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
Mission Energy Energy Development Enerloy Capital Australia Pty Ltd. Partnership Pty Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $817,131 Additional Paid in Capital Cumulative Translation Adjustments, Net (6,635) $6,635 Retained earnings 53,321 (53,321) ------------------------------------------------------ 863,817 (46,686) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (817,131) 810,838 ------------------------------------------------------ Total capitalization 46,686 764,152 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable (46,686) 46,333 Accrued taxes Accrued interest 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities ($46,686) 52,979 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $817,131 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Gippsland Loy Yang B Victoria Power Joint Generation Pty Ltd. Venture Limited ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $43,125 Additional Paid in Capital $87,778 Cumulative Translation Adjustments, Net (1,731) (58,596) Retained earnings 16,207 44,312 ------------------------------------------------------ 57,601 73,494 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 453,100 1,108,105 ------------------------------------------------------ Total capitalization 510,701 1,181,599 ------------------------------------------------------ Other long-term liabilities 1,132 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (633) (307,853) Accrued taxes 48,160 Accrued interest 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (633) (259,340) ------------------------------------------------------ Accumulated deferred income taxes - net 159,677 (31,223) Accumulated deferred investment tax credits Customer advances and other deferred credits 529,476 ------------------------------------------------------ Total deferred credits 159,677 498,253 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $670,877 $1,420,512 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Balance Sheet December 31, 1997 (In thousands)
EME Victoria Generation Consolidating Limited Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($817,131) $43,125 Additional Paid in Capital (87,778) Cumulative Translation Adjustments, Net 57,464 (2,863) Retained earnings (44,312) 16,207 ------------------------------------------------------ (891,757) 56,469 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (1,106,972) 447,940 ------------------------------------------------------ Total capitalization (1,998,729) 504,409 ------------------------------------------------------ Other long-term liabilities 1,132 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 Short-term debt Accounts payable 307,853 (986) Accrued taxes (48,160) Accrued interest (353) 353 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 259,340 5,660 ------------------------------------------------------ Accumulated deferred income taxes - net 31,223 159,677 Accumulated deferred investment tax credits Customer advances and other deferred credits (529,476) ------------------------------------------------------ Total deferred credits (498,253) 159,677 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($2,237,642) $670,878 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Mission Energy Energy Development Enerloy Capital Australia Pty Ltd. Partnership Pty Ltd. ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt ($53,321) $53,321 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (53,321) 53,321 ------------------------------------------------------ NET INCOME 53,321 (53,321) Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $53,321 ($53,321) ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Gippsland Loy Yang B Victoria Power Joint Generation Pty Ltd. Venture Limited ============================================================================================================ Electric utility revenue $75,596 $249,826 Diversified operations ------------------------------------------------------ Total operating revenue 75,596 249,826 ------------------------------------------------------ Fuel 9,831 39,501 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 6,431 27,605 Maintenance Depreciation and decommissioning 9,777 62,657 Income taxes 11,206 4,292 Property and other taxes ------------------------------------------------------ Total operating expenses 37,245 134,055 ------------------------------------------------------ Operating income 38,351 115,771 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 623 19,170 Minority interest (36,696) Taxes on nonoperating income (224) (6,901) Other - net ------------------------------------------------------ Total other income (deductions) - net 399 (24,427) ------------------------------------------------------ Income before interest and other expenses 38,750 91,344 ------------------------------------------------------ Interest on long-term debt Other interest expense 22,543 74,129 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 22,543 74,129 ------------------------------------------------------ NET INCOME 16,207 17,215 Retained Earnings - beginning of year 27,097 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $16,207 $44,312 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited EME Victoria Generation Limited Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
EME Victoria Generation Consolidating Limited Adjustments Consolidated ============================================================================================================ Electric utility revenue ($249,826) $75,596 Diversified operations ------------------------------------------------------ Total operating revenue (249,826) 75,596 ------------------------------------------------------ Fuel (39,501) 9,831 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (27,605) 6,431 Maintenance Depreciation and decommissioning (62,657) 9,777 Income taxes (4,292) 11,206 Property and other taxes ------------------------------------------------------ Total operating expenses (134,055) 37,245 ------------------------------------------------------ Operating income (115,771) 38,351 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (19,170) 623 Minority interest 36,696 Taxes on nonoperating income 6,901 (224) Other - net ------------------------------------------------------ Total other income (deductions) - net 24,427 399 ------------------------------------------------------ Income before interest and other expenses (91,344) 38,750 ------------------------------------------------------ Interest on long-term debt Other interest expense (74,129) 22,543 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (74,129) 22,543 ------------------------------------------------------ NET INCOME (17,215) 16,207 Retained Earnings - beginning of year (27,097) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($44,312) $16,207 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited Energy Capital Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Enerloy Capital Consolidating Pty Ltd. Partnership Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships $817,131 ($817,131) and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 817,131 (817,131) ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $817,131 ($817,131) ======================================================
PAGE 782 MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited Energy Capital Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Capital Partnership Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
PAGE 783 MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited Energy Capital Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Enerloy Capital Consolidating Pty Ltd. Partnership Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $817,131 ($817,131) Additional Paid in Capital Cumulative Translation Adjustments, Net (6,635) $6,635 Retained earnings 53,321 (53,321) ------------------------------------------------------ 863,817 (46,686) (817,131) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (817,131) 810,838 6,293 ------------------------------------------------------ Total capitalization 46,686 764,152 (810,838) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 6,293 (6,293) Short-term debt Accounts payable (46,686) 46,333 353 Accrued taxes Accrued interest 353 (353) Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (46,686) 52,979 (6,293) ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $817,131 ($817,131) ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited Energy Capital Partnership Consolidating Balance Sheet December 31, 1997 (In thousands)
Energy Capital Partnership Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Cumulative Translation Adjustments, Net Retained earnings ------------------------------------------------------ Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holding Limited Energy Capital Partnership Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Energy Enerloy Capital Consolidating Pty Ltd. Partnership Adjustments ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt ($53,321) $53,321 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (53,321) 53,321 ------------------------------------------------------ NET INCOME 53,321 (53,321) Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $53,321 ($53,321) ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited Energy Capital Partnership Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
Energy Capital Partnership Consolidated ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited First Hydro Holdings Company Consolidating Balance Sheet December 31, 1997 (In thousands)
First First Hydro Hydro First Holdings Finance Hydro Company plc Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $17,139 $173 $796,466 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 994,949 10,050 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,012,088 10,223 796,466 ------------------------------------------------------ Cash and equivalents 232 60,265 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,977 26,565 34,951 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,843 ------------------------------------------------------ Total current assets 6,209 26,565 101,059 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 33 ------------------------------------------------------ Total deferred charges 33 ------------------------------------------------------ TOTAL ASSETS $1,018,297 $36,788 $897,558 ======================================================
PAGE 788 MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited First Hydro Holdings Company Consolidating Balance Sheet December 31, 1997 (In thousands)
First Hydro First Holdings Hydro Consolidating Company Company Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $796,466 ($522,584) $1,087,660 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (1,092,414) (87,415) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 796,466 (1,614,998) 1,000,245 ------------------------------------------------------ Cash and equivalents 60,265 (54,875) 65,887 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 34,951 (61,708) 40,736 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,843 (5,843) 5,843 ------------------------------------------------------ Total current assets 101,059 (122,426) 112,466 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 33 312,573 312,639 ------------------------------------------------------ Total deferred charges 33 312,573 312,639 ------------------------------------------------------ TOTAL ASSETS $897,558 ($1,424,851) $1,425,350 ======================================================
PAGE 789 MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited First Hydro Holdings Company Consolidating Balance Sheet December 31, 1997 (In thousands)
First First Hydro Hydro First Holdings Finance Hydro Company plc Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $181,987 $19 $171,313 Additional Paid in Capital 498,759 Cumulative Translation Adjustments, Net (51,906) (363) 11,000 Retained earnings (24,882) 26,691 151,810 ------------------------------------------------------ 105,199 26,347 832,882 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 889,153 10,412 (10,412) ------------------------------------------------------ Total capitalization 994,352 36,759 822,470 ------------------------------------------------------ Other long-term liabilities 32,598 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (642) 29 13,655 Accrued taxes 29,400 Accrued interest 24,587 3 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 23,945 29 43,058 ------------------------------------------------------ Accumulated deferred income taxes - net (568) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (568) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,018,297 $36,788 $897,558 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited First Hydro Holdings Company Consolidating Balance Sheet December 31, 1997 (In thousands)
First Hydro First Holdings Hydro Consolidating Company Company Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $171,313 ($220,280) $304,352 Additional Paid in Capital 498,759 (997,518) Cumulative Translation Adjustments, Net 11,000 58,401 28,132 Retained earnings 151,810 (265,066) 40,363 ------------------------------------------------------ 832,882 (1,424,463) 372,847 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (10,412) (221,661) 657,080 ------------------------------------------------------ Total capitalization 822,470 (1,646,124) 1,029,927 ------------------------------------------------------ Other long-term liabilities 32,598 (32,598) 32,598 ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 13,655 (13,654) 13,043 Accrued taxes 29,400 (29,400) 29,400 Accrued interest 3 (3) 24,590 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 43,058 (43,057) 67,033 ------------------------------------------------------ Accumulated deferred income taxes - net (568) 296,928 295,792 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (568) 296,928 295,792 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $897,558 ($1,424,851) $1,425,350 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited First Hydro Holdings Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
First First Hydro Hydro First Holdings Finance Hydro Company plc Company ============================================================================================================ Electric utility revenue $324,430 Diversified operations ------------------------------------------------------ Total operating revenue 324,430 ------------------------------------------------------ Fuel 81,865 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $820 ($657) 66,490 Maintenance Depreciation and decommissioning 26,415 Income taxes (273) (19,546) 9,002 Property and other taxes 16,474 ------------------------------------------------------ Total operating expenses 547 (20,203) 200,246 ------------------------------------------------------ Operating income (547) 20,203 124,184 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,082 59,142 3,589 Minority interest Taxes on nonoperating income (336) (18,334) (1,113) Other - net 1 ------------------------------------------------------ Total other income (deductions) - net 746 40,808 2,477 ------------------------------------------------------ Income before interest and other expenses 199 61,011 126,661 ------------------------------------------------------ Interest on long-term debt 59,091 59,772 Other interest expense 3 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 59,091 59,772 3 ------------------------------------------------------ NET INCOME (58,892) 1,239 126,658 Retained Earnings - beginning of year 34,010 25,452 120,935 Dividends declared on common stock (95,783) ------------------------------------------------------ Retained Earnings - end of year ($24,882) $26,691 $151,810 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited EME Generation Holdings Limited First Hydro Holdings Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1997 (In thousands)
First Hydro First Holdings Hydro Consolidating Company Company Adjustments Consolidated ============================================================================================================ Electric utility revenue $324,430 ($324,430) $324,430 Diversified operations ------------------------------------------------------ Total operating revenue 324,430 (324,430) 324,430 ------------------------------------------------------ Fuel 81,865 (81,865) 81,865 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 66,490 (66,493) 66,650 Maintenance Depreciation and decommissioning 26,415 (26,415) 26,415 Income taxes 9,002 10,682 8,867 Property and other taxes 16,474 (16,474) 16,474 ------------------------------------------------------ Total operating expenses 200,246 (180,565) 200,271 ------------------------------------------------------ Operating income 124,184 (143,865) 124,159 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 3,589 (63,406) 3,996 Minority interest Taxes on nonoperating income (1,113) 19,657 (1,239) Other - net 1 (1) 1 ------------------------------------------------------ Total other income (deductions) - net 2,477 (43,750) 2,758 ------------------------------------------------------ Income before interest and other expenses 126,661 (187,615) 126,917 ------------------------------------------------------ Interest on long-term debt (59,772) 59,091 Other interest expense 3 (3) 3 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 3 (59,775) 59,094 ------------------------------------------------------ NET INCOME 126,658 (127,840) 67,823 Retained Earnings - beginning of year 120,935 (233,008) 68,324 Dividends declared on common stock (95,783) 95,782 (95,784) ------------------------------------------------------ Retained Earnings - end of year $151,810 ($265,066) $40,363 ======================================================
MEC International B.V. Equity Investments December 31, 1997
MEC Hydro Iberica International Energy de Energias, B.V. B.V. S.A. ==================================================================================================== Name of Entity: Hydro Iberica Electrometalurgica Energy de Energias del Ebro, B.V. S.A. S.A. Ownership Interest: 10% 100% 91% Nature/Purpose of Business: (a) (a) (a) Ownership Interest in (000): Assets $3,431 $78,099 $59,080 Revenue $0 $11,887 $9,259 Net Income (Loss) ($3) $3,603 $2,265
(a) To own hydroelectric facilities located throughout Spain. PAGE 794 MEC International B.V. Equity Investments December 31, 1997
Mission MEC Energy International Company (UK) B.V. Limited =================================================================== Name of Entity: Mission Derwent Energy Cogeneration Company (UK) Company Limited Ownership Interest: 100% 33% Nature/Purpose of Business: (b) (b) Ownership Interest in (000): Assets $94,323 $794 Revenue $0 $13,961 Net Income (Loss) ($2,759) $570
(b) To own and operate a 214 MW power production facility in the United Kingdom. MEC International B.V. Equity Investments December 31, 1997
MEC MEC MEC MEC International MEC International Indonesia International Holdings Indonesia B.V. B.V. B.V. B.V. B.V. ================================================================================ Name of Entity: MEC P.T. Paiton MEC MEC P.T.Paiton Indonesia Energy International Indonesia Energy B.V. Company Holdings B.V. Company B.V. Ownership Interest: 99% 40% 100% 1% 40% Nature/Purpose of Business: (c) (c) (c) (c) (c) Ownership Interest in (000): Assets $84,892 $657,020 $4,174 $849 $657,020 Revenue $0 $0 $0 $0 $0 Net Income (Loss) ($82) ($92) ($5) ($1) ($92) (c) To own and operate a 1,230 MW cogeneration facility located in Indonesia.
MEC International B.V. Equity Investments December 31, 1997
MEC MEC MEC MEC International MEC International Priolo International Holdings Priolo B.V. B.V. B.V. B.V. B.V. ============================================================================================================ Name of Entity: MEC ISAB MEC MEC ISAB Priolo Energy International Priolo Energy B.V. s.r.l. Holdings B.V. s.r.l. B.V. Ownership Interest: 99% 49% 100% 1% 49% Nature/Purpose of Business: (d) (d) (d) (d) (d) Ownership Interest in (000): Assets $18,816 $105,159 $4,174 $188 $105,159 Revenue $468 $3 $0 $5 $3 Net Income (Loss) $27 ($329) ($5) $0 ($329)
(d) To own and operate a 512 MW cogeneration facility located in Sicily, Italy. EXHIBIT B FINANCIAL DATA SCHEDULE The following is provided for Edison International on a consolidated basis: Item No. Caption Heading Amount - -------- --------------- ------ 1 Total Assets $25,101,067,000 2 Total Operating Revenues $ 9,235,052,000 3 Net Income $ 699,856,000 PAGE 798 EXHIBIT C EXEMPT WHOLESALE GENERATORS [EWGs] AND FOREIGN UTILITY COMPANIES [FUCOs] 4.01 EPZ MISSION FUNDING MU TRUST [FUCO] 00 Edison International 01 The Mission Group 02 Edison Capital 03 Edison Funding Company 04 Mission Funding Epsilon 05 Mission Funding Alpha 06 Mission Funding Mu 07 EPZ Mission Funding Mu Trust 4.02 EPZ MISSION FUNDING NU TRUST [FUCO] 00 Edison International 01 The Mission Group 02 Edison Capital 03 Edison Funding Company 04 Mission Funding Epsilon 05 Mission Funding Delta 06 Mission Funding Nu 07 EPZ Mission Funding Nu Trust 4.03 COMMONWEALTH ATLANTIC LIMITED PARTNERSHIP [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Hanover Energy Company 04 Chickahominy River Energy Corp. 05 Commonwealth Atlantic Limited Partnership (50%) 4.04 GORDONSVILLE ENERGY, L.P. [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Madison Energy Company 04 Gordonsville Energy, L.P. (49%) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Rapidan Energy Company 04 Gordonsville Energy, L.P. (1%) PAGE 799 4.05 BROOKLYN NAVY YARD COGENERATION PARTNERS, L.P. [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy New York, Inc. 04 Brooklyn Navy Yard Cogeneration Partners, L.P. (50%) 4.06 NEVADA SUN-PEAK LIMITED PARTNERSHIP [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Quartz Peak Energy Company 04 Nevada Sun-Peak Limited Partnership (50%) 4.07 IBERICA DE ENERGIAS, S.A. [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Hydro Energy B.V. (10%) 06 Iberica de Energias, S.A. 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Iberian Hy-Power Amsterdam B.V. 06 Hydro Energy B.V. (90%) 07 Iberica de Energias, S.A. 4.08 ELECTROMETALURGICA DEL EBRO, S.A. [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Hydro Energy B.V. (10%) 06 Iberica de Energias, S.A. 07 Electrometalurgica del Ebro, S.A. (91%) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Iberian Hy-Power Amsterdam B.V. 06 Hydro Energy B.V. (90%) 07 Iberica de Energias, S.A. 08 Electrometalurgica del Ebro, S.A. (91%) PAGE 800 4.09 LOY YANG B JOINT VENTURE [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. - --- 05A Loy Yang Holdings Pty Ltd 06A Edison Mission Energy Holdings Pty Ltd 07A Edison Mission Energy Australia Ltd. 08A Latrobe Power Partnership (1%) 09A Loy Yang B Joint Venture (51%) - --- 05B Loy Yang Holdings Pty Ltd 06B Latrobe Power Pty Ltd (1%) 07B Mission Victoria Partnership (52.31%) 08B Latrobe Power Partnership (99%) 09B Loy Yang B Joint Venture (51%) - --- 05C Loy Yang Holdings Pty Ltd 06C Mission Energy Ventures Australia Pty Ltd. 07C Mission Victoria Partnership (1%) 08C Latrobe Power Partnership (99%) 09C Loy Yang B Joint Venture (51%) - --- 05D Loy Yang Holdings Pty Ltd 06D Traralgon Power Pty Ltd (1%) 07D Mission Victoria Partnership (46.69%) 08D Latrobe Power Partnership (99%) 09D Loy Yang B Joint Venture (51%) - --- 05E Latrobe Power Pty Ltd (99%) 06E Mission Victoria Partnership (52.31%) 07E Latrobe Power Partnership (99%) 08E Loy Yang B Joint Venture (51%) - --- 05F Traralgon Power Pty Ltd (99%) 06F Mission Victoria Partnership (46.69%) 07F Latrobe Power Partnership (99%) 08F Loy Yang B Joint Venture (51%) - --- 05G Mission Energy Company (UK) Limited 06G Mission Hydro (UK) Ltd. 07G Mission Hydro Limited Partnership (1%) 08G EME Generation Holdings Ltd 09G EME Victoria Generation Ltd. 10G Mission Energy Development Australia Pty Ltd. 11G Gippsland Power Pty Ltd. 12G Loy Yang B Joint Venture (49%) - --- PAGE 801 05H MEC Wales B.V. (99%) 06H Mission Hydro Limited Partnership (69%) 07H EME Generation Holdings Ltd 08H EME Victoria Generation Ltd. 09H Mission Energy Development Australia Pty Ltd. 10H Gippsland Power Pty Ltd. 11H Loy Yang B Joint Venture (49%) - --- 05I MEC International Holdings B.V. 06I MEC Wales B.V. (1%) 07I Mission Hydro Limited Partnership (69%) 08I EME Generation Holdings Ltd 09I EME Victoria Generation Ltd. 10I Mission Energy Development Australia Pty Ltd. 11I Gippsland Power Pty Ltd. 12I Loy Yang B Joint Venture (49%) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Wales Company 04 Mission Hydro Limited Partnership (30%) 05 EME Generation Holdings Ltd. 06 EME Victoria Generation Ltd. 07 Mission Energy Development Australia Pty Ltd. 08 Gippsland Power Pty Ltd 09 Loy Yang B Joint Venture (49%) 4.10 P. T. PAITON ENERGY COMPANY [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 MEC Indonesia B.V. (99%) 06 P. T. Paiton Energy Company 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 MEC International Holdings B.V. 06 MEC Indonesia B.V. (1%) 07 P. T. Paiton Energy Company PAGE 802 4.11 ISAB ENERGY, s.r.l. [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 MEC Priolo B.V. (99%) 06 ISAB Energy, s.r.l. 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 MEC International Holdings B.V. 06 MEC Priolo B.V. (1%) 07 ISAB Energy, s.r.l. 4.12 FIRST HYDRO COMPANY [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. - --- 05J Mission Energy Company (UK) Limited 06J Mission Hydro (UK) Ltd. 07J Mission Hydro Limited Partnership (1%) 08J EME Generation Holdings Ltd 09J First Hydro Holdings Company (99%) 10J First Hydro Company (99%) - --- 05K Mission Energy Company (UK) Limited 06K Mission Hydro (UK) Ltd. 07K Mission Hydro Limited Partnership (1%) 08K EME Generation Holdings Ltd 09K First Hydro Holdings Company (99%) 10K First Hydro Finance plc 11K First Hydro Company (1%) - --- 05L MEC Wales B.V. (99%) 06L Mission Hydro Limited Partnership (69%) 07L EME Generation Holdings Ltd 08L First Hydro Holdings Company (99%) 09L First Hydro Company (99%) - --- 05M MEC Wales B.V. (99%) 06M Mission Hydro Limited Partnership (69%) 07M EME Generation Holdings Ltd 08M First Hydro Holdings Company (99%) 09M First Hydro Finance plc 10M First Hydro Company (1%) - --- PAGE 803 05N MEC International Holdings B.V. 06N MEC Wales B.V. (1%) 07N Mission Hydro Limited Partnership (69%) 08N EME Generation Holdings Ltd 09N First Hydro Holdings Company (99%) 10N First Hydro Company (99%) - --- 05O MEC International Holdings B.V. 06O MEC Wales B.V. (1%) 07O Mission Hydro Limited Partnership (69%) 08O EME Generation Holdings Ltd 09O First Hydro Holdings Company (99%) 10O First Hydro Finance plc 11O First Hydro Company (1%) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Wales Company 04 Mission Hydro Limited Partnership (30%) 05 EME Generation Holdings Ltd. 06 First Hydro Holdings Company (99%) - --- 07 First Hydro Company (99%) - --- 07 First Hydro Finance plc 08 First Hydro Company (1%) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Mission Energy Company (UK) Limited 06 Mission Hydro (UK) Ltd. 07 First Hydro Holdings Company (1%) 08 First Hydro Company (99%) - --- 08 First Hydro Finance plc 09 First Hydro Company (1%) 4.13 KWINANA POWER PARTNERSHIP [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 MEC Perth B.V. (99%) 06 Kwinana Power Partnership PAGE 804 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 MEC International Holdings B.V. 06 MEC Perth B.V. (1%) 07 Kwinana Power Partnership 4.14 DERWENT COGENERATION LIMITED [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Mission Energy Company (UK) Limited 06 Derwent Cogeneration Limited (33%) 4.15 LAKELAND POWER LIMITED [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Mission Energy Company (UK) Limited 06 Pride Hold Limited (99%) 07 Lakeland Power Limited (80%) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc. 04 MEC International B.V. 05 Pride Hold Limited (1%) 06 Lakeland Power Limited (80%) EX-27 2
OPUR3 Exhibit 27 to Edison International Form U-3A-2 for 12/31/97 12-MOS DEC-31-1997 JAN-01-1997 DEC-31-1997 PER-BOOK 25,101,067,000 9,235,052,000 699,856,000
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